Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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FXCC
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XM
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FXCC is a well-established broker providing low-cost online trading since 2010. It is registered in Comoros Union and regulated by CySEC, known for its ECN trading, no minimum deposit, and quick account opening in under 5 minutes. | XM is a renowned forex and CFD broker serving over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees across its expanding range of 1000+ instruments. It provides a full MetaTrader experience that we tested. | |
| Instruments | CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $5 |
| Trading Platforms | MT4, MT5 | MT4, MT5, TradingCentral |
| Payment Methods | Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Mastercard, Neteller, Skrill, Visa, Wire Transfer | Airtel, Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | CySEC, MISA | CySEC, DFSA, CMA, FSCA, SCA, FSA, FSC Belize, FSC Mauritius |
| Account Currencies | USD, EUR, GBP, CAD | USD, EUR, GBP, JPY |
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| Mobile Apps | iOS & Android | iOS, Android & Windows |
| App Review | FXCC enhances mobile trading with the MT4 app for iPhone, iPad, and Android. It features advanced charting with 30 indicators, 9 timeframes, and 3 chart types. It's simple to start trading on the MT4 app using an FXCC ECN XL account in just 3 steps. The app allows trading of over 70 currency pairs and other global markets anytime, anywhere. | provides a mobile app for Android and iOS, optimized for each platform. The app offers MT4 and MT5 software, giving full access to over 1,400 instruments. It is reliable with minimal glitches or delays. Features like built-in news, a trading journal, and push notifications provide all necessary trading tools. |
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| Margin Trading | ✓ | ✓ |
| Account Types | STP, ECN, MAM, PAMM | STP |
| AI / Machine Learning | ✗ | ✓ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | FXCC suits copy traders familiar with MetaTrader. You can select traders based on performance metrics like drawdowns and returns, while maintaining control over mirroring strategies, such as adjusting by account balance or equity. | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. |
| Social Trading | ✗ | ✓ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✓ |
| Tournaments | ✗ | ✓ |
| Demo Competitions | ✗ | ✓ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $5 | $5 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
FXCC provides various CFDs, including metals, energies, indices, a large selection of equities, and over 24 cryptos. The ECN XL account imposes no restrictions on CFD trading strategies, and MetaTrader offers strong charting tools and risk management features, such as take profit and stop loss orders. | XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | |
| Leverage | 1:1000 (Exceeds FCA limits; high risk) (Exceeds CIRO limits; high risk) | 1:10001:30 |
| FTSE Spread | 1.10 | 1.4 |
| GBPUSD Spread | 0.4 | 0.8 |
| Oil Spread | 0.035 | 0.03 |
| Stocks Spread | 0.17 (Apple) | 0.002 |
Forex Trading | ||
FXCC offers strong forex trading conditions, presenting a key advantage to traders. During high trading periods, ECN spreads can reach as low as 0.0 pips. Supporting over 70 forex assets, FXCC outpaces most competitors with its diverse range of currency pairs. Furthermore, users can utilize the MT4 platform, which is known for its exceptional charting tools and is specifically designed for forex trading. | XM provides a wide range of currency pairs with no re-quotes or hidden fees. Spreads now start at 0.6 pips on the EUR/USD in the commission-free account. | |
| GBPUSD Spread | 0.4 | 0.8 |
| EURUSD Spread | 0.1 | 0.6 |
| EURGBP Spread | 0.4 | 1.5 |
| Assets | 70+ | 55+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
FXCC has expanded its cryptocurrency offerings from under 10 to over 30. There are no restrictions on trading strategies; Expert Advisors (EAs) are allowed. Cryptos can be traded 24/7 with no commission and leverage up to 1:20. | XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | |
| Crypto Spread | Variable | Variable |
| Crypto Coins | BTC, BCH, ETH, LTC, XMR, DASH, XRP, ALG, ATO, AVE, AVX, AXS, BNB, BSV, CKE, DOT, ENJ, FTM, LNK, MEL, MNA, MTC, SHB, SND, SNX, SOL, TRP, UNI, WAV, XTZ, YFI | BTC, ETH, LTC, XRP, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |