TPFxvs
XMForex Broker Comparison
Two brokers clash on regulation depth, instrument variety, and platform options. TPFx highlights domestic compliance and transparent pricing, while XM offers broader oversight and a wider product universe.
Our Verdict
XM winsClear Winner
XM edges out TPFx on editorial rating, backed by top-tier regulators, investor protection, and broader instrument coverage.
XM
4.3/5
TPFx
3.7/5
Key Differences
- 1Regulatory reach: XM operates under CySEC/ASIC, TPFx under BAPPEBTI/OJK.
- 2Instruments: XM offers 1400 instruments vs 50 at TPFx.
- 3Proprietary platform: TPFx provides proprietary platform; XM uses MT4/MT5.
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 TPFx, reducing trading costs.
Best for safety & regulation
Recommended
TPFx vs XM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.7/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.3 / 5▲ |
TPFx vs XM Forex Broker Pros & Cons
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
TPFx vs XM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
3
TPFx
criteria wins
5
XM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | TPFx | 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 | Pass | 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 |
TPFx vs XM: Frequently Asked Questions
XM rates 4.3/5 versus 3.7/5 for TPFx. XM edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
XM starts from 0.6 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
XM has $5, while TPFx requires at least $60. This makes XM more accessible for traders with limited starting capital.
XM holds top-tier regulation (ASIC, CySEC, ASF), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
XM stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
TPFx lists maximum leverage of 100:1, 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.
TPFx supports MetaTrader 5, Proprietary Web/Mobile, while XM supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5. TPFx has exclusive access to Proprietary Web/Mobile. XM has exclusive access to MetaTrader 4.
