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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FOREX.com
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XM
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Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms. | XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | |
| Instruments | Forex, Futures and Options on Metals, Energies, Commodities, Indices, Bonds, Crypto Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $100 | $5 |
| Trading Platforms | WebTrader, Mobile, MT4, MT5, TradingView | MT4, MT5, TradingCentral |
| Payment Methods | ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, PayNow, Skrill, Visa, Wire Transfer | 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 | NFA, CFTC | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | USD, EUR, GBP, JPY |
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| Mobile Apps | iOS & Android | iOS, Android & Windows |
| App Review | Available with MT4 and Web Trader platforms, the FOREX.com app provides full trading features on an easy-to-use compact platform. Integrated news, analysis, and real-time trade alerts are mobile-specific features that make this app stand out. It surpasses MT4 in mobile charting tools, offering over 80 indicators, 11 chart types, and a sleeker design. | XM provides a mobile app for Android and iOS, optimized for each system. The app includes MT4 and MT5, offering full access to over 1,000 instruments. It is highly reliable with minimal issues. Built-in news, trading journal, and push notifications equip you with all the necessary tools for trading on the go. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 0.2% | |
| Account Types | STP, ECN, DMA | 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 | 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 | $15 | $5 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
FOREX.com offers trading capabilities for both long and short positions in over 5,500 Contract for Difference (CFD) opportunities across forex, stocks, indices, commodities, and cryptocurrencies. Their unique Web Trader platform provides a premium trading experience, equipped with over 80 technical indicators and fast execution speeds of only 20 milliseconds, providing an ideal environment for dedicated traders. | 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 | 1:50 | 1:10001:30 |
| FTSE Spread | 1.0 | 1.4 |
| GBPUSD Spread | 1.3 | 0.8 |
| Oil Spread | 2.5 | 0.03 |
| Stocks Spread | 0.14 | 0.002 |
Forex Trading | ||
remains a top FX broker, offering 80 currency pairs with very competitive fees. With EUR/USD spreads as low as 0.0 and a $7 commission per $100k, it excels in the industry. | XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | |
| GBPUSD Spread | 1.3 | 0.8 |
| EURUSD Spread | 1.2 | 0.8 |
| EURGBP Spread | 1.4 | 1.5 |
| Assets | 84 | 55+ |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
You can trade a limited selection of over 8 cryptocurrencies against the USD, EUR, GBP, and AUD. The spreads are close, and there's no need for a virtual wallet. Algorithm traders can use Expert Advisors (EAs) to automate their cryptocurrency trades. | 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 | BTC 1.4%, ETH 2% | Variable |
| Crypto Coins | BTC, BCH, ETH, LTC, XRP | BTC, ETH, LTC, XRP, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |