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Quick Verdict
Neither XM nor FXCC accepts traders from United States. Instead, we recommend FOREX.com, a top-rated alternative that impressed our team during testing and accepts traders from your location.

Higher rated

4.8/5

Available in United States Not available in United States

Visit XM Read XM Review

FXCC

4.6/5

Available in United States Not available in United States

Visit FXCC Read FXCC Review

Feature	XM	FXCC
	XM is a trusted global forex and CFD broker with over 20 million clients in more than 190 countries. Since 2009, it has offered low trading fees on 1000+ instruments. XM provides a full MetaTrader experience that we have tested firsthand. 100% deposit bonus + further offers up to $4500100% deposit bonus + further offers up to $4500	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.
Instruments	CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies	CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto
Demo Account	✓	✓
Minimum Deposit	$5	$0
Trading Platforms	MT4, MT5, TradingCentral	MT4, MT5
Payment Methods	Airtel, Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer	Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Klarna, Mastercard, Neteller, Skrill, Sofort, Visa, Wire Transfer
Minimum Trade	0.01 Lots	0.01 Lots
Regulator	CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE	CySEC, MISA
Account Currencies	USD, EUR, GBP, JPY, ZAR	USD, EUR, GBP, CAD
Trustpilot Score	2.0	4.5
Trust Rating	4.5	3.6
Assets & Markets Rating	4.5	3.8
Platforms Rating	4.8	3.8
Fees & Costs Rating	4.0	4.5
Customer Support Rating	4.9	4.8
Education Rating	4.8	2.5
Research Rating	4.3	2.0
Accounts & Banking Rating	4.5	3.8
Mobile Apps	iOS, Android & Windows	iOS & Android
App Review	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.	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.
Android App Rating	3.9	4.4
iOS App Rating	4.7	4.8
Awards	Best Gold Broker 2026 - Capital Finance International Best Customer Service 2026 - Capital Finance International Outstanding Customer Service Global 2024 - Capital Finance International Best FX Service Provider 2024 - City of London Wealth Management Awards Best FX Broker, Europe 2023 - World Finance Forex Awards Best CFD Provider 2023 - City of London Wealth Management Awards
Margin Trading	✓	✓
Account Types		STP, ECN, MAM
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	XM offers copy trading through its app with exclusive crypto pairs. XM Global provides integrated signals on MT5. Investors can review performance data and copy strategy managers’ trades after logging in to an MQL5 Community account.	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.
Social Trading	✓	✗
Trade Signals	✓
VPS Hosting	✓	✓
Tournaments	✓	✗
Demo Competitions	✓	✗
Ethical Investing	✗	✗
Custodial Account	✗	✗
Guaranteed Stop Loss	✗	✗
Inactivity Fee	$5	$5
Islamic Account	✓	✓
CFD Trading
	XM offers CFD traders flexible leverage and many markets, including thematic indices for sectors like artificial intelligence. Its MT4/MT5 platforms are fast and reliable, and eligible algo traders can receive a free VPS.	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.
Leverage	1:10001:30	1:1000 (Exceeds FCA limits; high risk) (Exceeds CIRO limits; high risk)
FTSE Spread	1.4	1.10
GBPUSD Spread	0.8	0.4
Oil Spread	0.03	0.035
Stocks Spread	1.79 (Apple)	0.17 (Apple)
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.	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.
GBPUSD Spread	0.8	0.4
EURUSD Spread	0.8	0.1
EURGBP Spread	1.5	0.4
Assets	55+	70+
Currency Indices	USD
Cryptocurrency Trading
	XM offers a limited range of cryptocurrencies against the USD through its South African entity only. They are traded as CFDs with leverage up to 1:500. Major tokens include Bitcoin, Ethereum, and Ripple, but the selection is smaller than the 100+ crypto derivatives offered by leading brokers.	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.
Crypto Spread	Variable	Variable
Crypto Coins	BTC, ETH, LTC, XRP, BCH	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
Crypto Lending	✗	✗
Crypto Mining	✗	✗
Crypto Staking	✗	✗
Auto Market Maker	✗	✗