FXTMvs
XMForex Broker Comparison
In a head-to-head comparison, FXTM and XM align on regulation and platform support but diverge on pricing and breadth of instruments.
Our Verdict
Too close to call0.1 pts apart
FXTM and XM are closely matched; the clearest differentiator is instrument variety, with FXTM offering 600 instruments versus XM's 1,400.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXTM offers 600 instruments versus XM's 1,400.
- 2FXTM provides raw spreads; XM does not.
- 3XM applies an inactivity fee; FXTM does not.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
XM offers tighter spreads from 0.60 pips vs 1.50 pips for FXTM, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXTM vs XM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.2 / 5 | 4.3 / 5▲ |
FXTM vs XM Forex Broker Pros & Cons
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education, webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
FXTM vs XM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
FXTM
criteria wins
1
XM
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXTM | XM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | 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 | Pass | Pass |
FXTM vs XM: Frequently Asked Questions
The scores are close: FXTM rates 4.2/5 and XM rates 4.3/5. XM has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
XM starts from 0.6 pips, tighter than FXTM's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
XM has $5, while FXTM requires at least $10. This makes XM more accessible for traders with limited starting capital.
Both FXTM and XM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: XM requires a lower minimum deposit ($5), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FXTM lists maximum leverage of 1000:1, while XM lists up to 1000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXTM supports MetaTrader 5, MetaTrader 4, while XM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4.
