A head-to-head comparison of Dupoin and XM across regulation, trading costs, platforms, and editorial scoring.
A newer locally-incorporated Indonesian broker completing the dual BAPPEBTI and OJK registration standard, offering compliant domestic forex access.
XM comes out ahead with an editorial score of 4.3/5 compared to Dupoin's 3.6/5.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
XM offers tighter spreads from 0.6 pips vs 1.5 pips for Dupoin, reducing trading costs.
XM has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
XM edges out Dupoin with a higher editorial score (4.3/5 vs 3.6/5), indicating a stronger overall experience for new traders.
| Editorial score | 3.6/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.6 / 5 | 4.3 / 5▲ |
Fees & Spreads 30% weight | 3.5 / 5 | 4.3 / 5▲ |
Platforms & Tools 20% weight | 3.6 / 5 | 4.2 / 5▲ |
Customer Support 10% weight | 3.5 / 5 | 4.4 / 5▲ |
| Founded | 2020 | 2009 |
| Headquarters | Jakarta, Indonesia | Limassol, Cyprus |
| Min deposit | $30 | $5 |
| Spreads from | 1.5 pips | 0.6 pips |
| Commission / lot | N/A | N/A |
| Max leverage | 100:1 | 1000:1 |
| Withdrawal fee | Free | Free for most methods |
| Regulators | BAPPEBTI OJK | ASIC CySEC ASF FSC KNF |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Dupoin | Visit XM |
Pros
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. 2025020000000412 is publicly verifiable
Offers both MetaTrader 4 and MetaTrader 5
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Pros
USD 5 minimum deposit
Strong bonus program
Multilingual support
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Only available to Indonesian residents - no international clients
Shorter operating history than established domestic peers
Narrow product range limited to forex and commodity futures
Leverage capped at 100:1 under BAPPEBTI rules
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Support available in limited languages
Cons
Spreads not as tight as ECN-style brokers
Not available to US clients
No raw spread account option
Inactivity fee applies
No proprietary platform
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Dupoin | XM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Pass |
Based on our independent editorial scoring, XM ranks higher with a score of 4.3/5 vs 3.6/5 for Dupoin. The best choice still depends on your individual trading needs; Dupoin and XM may each suit different trader profiles.
XM offers tighter spreads starting from 0.6 pips, compared to Dupoin's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
XM has a lower minimum deposit of $5, while Dupoin requires at least $30. This makes XM more accessible for traders with limited starting capital.
XM holds top-tier regulation (ASIC, CySEC, ASF), providing stronger investor protections. Dupoin may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: XM has a lower minimum deposit ($5), lowering the barrier to entry; XM offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
Dupoin offers maximum leverage of 100:1, while XM offers up to 1000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Dupoin supports MetaTrader 4, MetaTrader 5 and XM offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5.
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