In this XTB vs XM Forex broker comparison, we explore the trading platform, cost and account types each broker offer. Knowing these features will help you make a more informed decision on which broker is for you.
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XTB and XM are both reputable forex brokers, but they differ in several key areas. XTB offers a wider range of trading instruments, while XM provides a more diverse selection of account types. Both brokers have strong regulatory oversight, but XTB has a slight edge with more regulators overseeing its operations.
When it comes to trading costs, both XTB and XM offer competitive pricing. You can learn more about low commission forex brokers here.
XTB’s standard account spreads start from 0.35 pips, while XM’s start from 1 pip. Check out this resource on forex brokers with the lowest spreads.
For RAW accounts, XTB offers spreads starting from 0.1 pips, while XM offers spreads from 0.0 pips. Here’s more information on forex brokers with zero pip accounts.
XTB charges a commission of $4 per lot, while XM does not charge any commission for its standard accounts but does charge $3.5 per lot for its Zero accounts.
Both brokers do not charge any deposit or withdrawal fees.
XTB charges an inactivity fee of $10 per month after 12 months of inactivity, while XM charges $5 per month after 90 days.
Verdict: XTB wins this section due to its lower spreads and commission rates.
| Criteria | XTB | XM |
|---|---|---|
| Standard Account Spreads | 0.35 pips | 1 pip |
| RAW Account Spreads | 0.1 pips | 0.0 pips |
| Commission Rates | $4 per lot | $3.5 per lot (Zero account) |
| Deposit & Withdrawal Fees | No | No |
| Other Fees | $10 per month after 12 months of inactivity | $5 per month after 90 days of inactivity |
XTB is regulated by top-tier regulators including the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission (IFSC). XM, on the other hand, is regulated by the Australian Securities and Investments Commission (ASIC), the FCA, and the IFSC. You can learn more about ASIC and FCA regulations here.
Verdict: XTB wins this section due to its regulation by more top-tier authorities.
| Broker | Regulators |
|---|---|
| XTB | FCA, CMNV, BaFin, KNF, DFSA, CySEC, IFSC |
| XM | ASIC, FCA, IFSC, DFSA, CySEC |
Both XTB and XM offer MetaTrader 4 and 5, but they differ in other platform offerings. Here’s a comparison of cTrader vs MetaTrader 4 and MetaTrader 4 vs MetaTrader 5.
Both brokers offer MetaTrader 4 and 5, popular platforms known for their advanced charting features.
XTB offers its proprietary xStation 5 platform, which has won awards for its user-friendly design and excellent features. XM does not offer cTrader or TradingView.
| Criteria | XTB | XM |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | Yes |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | xStation 5 xStation Mobile |
XM App/Tablet |
| VPS Services | Yes | Yes |
XM offers social and copy trading through its MetaTrader platforms, while XTB does not offer these features. You can learn more about Copy Trading and Social Trading here.
Both brokers offer VPS services for seamless trading. They also provide various trading tools like economic calendars, market analysis, and educational resources.
Verdict: XM wins this section due to its social and copy trading features.
When it comes to execution speed, XTB takes the lead with its advanced technology ensuring rapid trade execution. XM also offers fast execution speed, but XTB’s superior technology gives it an edge. You can learn more about DMA forex brokers and ECN forex brokers here.
Verdict: XTB wins this section due to its superior execution speed.
| Broker | Limit Order Speed | Market Order Speed |
|---|---|---|
| XTB | N/A | N/A |
| XM | 15 ms | 18 ms |
XTB offers three types of accounts: Standard, Pro, and Islamic. XM, on the other hand, offers four types of accounts: Micro, Standard, Ultra Low, and Shares accounts. XM also offers Islamic accounts for each of these account types. You can learn more about Islamic forex broker accounts and forex brokers with micro accounts here.
Verdict: XM wins this section due to its wider range of account types.
| Broker | Account Types |
|---|---|
| XTB | Standard, Pro, Islamic |
| XM | Micro, Standard, Ultra Low, Shares, Islamic |
Both XTB and XM offer excellent customer service with 24/5 support via live chat, email, and phone. However, XTB has a slight edge with its comprehensive educational resources and dedicated account manager for professional account holders.
Verdict: XTB wins this section due to its dedicated account manager and comprehensive educational resources.
| Broker | Customer Service |
|---|---|
| XTB | Excellent, with dedicated account manager |
| XM | Excellent |
XTB requires a minimum deposit of $250, while XM requires a lower minimum deposit of $5 for its Micro and Standard accounts, and $50 for its Ultra Low accounts.
Both brokers offer a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets.
Verdict: XM wins this section due to its lower minimum deposit requirement.
| Criteria | XTB | XM |
|---|---|---|
| Minimum Deposit | $250 | $5 – $50 |
| Payment Methods | Multiple options | Multiple options |
| Trading Instruments | ||
| Forex CFD | 48 | 55 |
| Shares CFD | 1848 | 1261 |
| Cryptos CFD | 10+ | No |
| Commodities CFD | 7 Metals 6 Energies 10 Softs |
2 Metals 5 Energies 8 Softs |
| Indices CFD | 30 | 14 |
| Bonds/Treasuries CFD | 3 | No |
| Spread Betting (UK only) | No | No |
| Other Products | No | No |
| Shares (underlying) | No | No |
Best For Beginner Traders
XTB is the best broker for beginner traders. Its user-friendly platform, comprehensive educational resources, and dedicated account manager make it an excellent choice for those starting their trading journey.
Best For Experienced Traders
XM, with its wide range of account types, lower trading costs, and social trading features, is the best broker for experienced traders.
| Criteria | XTB | XM |
|---|---|---|
| Best For Beginner Traders | Yes | No |
| Best For Experienced Traders | No | Yes |
XTB is the best broker for beginner traders due to its user-friendly platform and comprehensive educational resources.
XM is the best broker for experienced traders due to its wide range of account types and social trading features.
