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XM vs FXTM comparison is often a topic for debate. The Mauritius-based Exinity Group brokerage company XM is often compared to the Cypriot firm FXTM owned by Trading Point Holdings Ltd. Despite the fact that these two brokers share a lot of similarities, still we recommend either XM or FXTM according to several features. For those looking for lower trading costs, XM is a more suitable option, whereas, for high-frequency traders with a requirement for high leverage, we recommend FXTM. There are numerous benefits associated with trading both FXTM and XM, however, depending on your trading profile you might find a single broker out of this pair more appropriate for your trading style.
The two brokers of our review have more or less similar financial instrument portfolios. Both of them offer numerous CFD products, commodities, Forex currency pairs, indices, precious metals, and energies. However, with FXTM traders can also purchase and sell cryptocurrency assets, while XM does not support crypto trading on its platform. The two of the brokers offer a variety of live trading account types, as well as Islamic account options with the exemption from the swap fees. Our XM vs FXTM broker comparison review will overview the prices, trading conditions, platforms, safety measures, and promotional campaigns of these two brokers.
XM | FXTM | |
Rating | ||
Min. Deposit | 5 USD | 10 USD |
Max. Leverage | 1:888 | 1:2000 |
Regulations | IFSC, ASIC, CySEC, DFSA | FCA, CySEC, FSCM |
Trading Platforms | MT4, MT5 | MT4, MT5 |
Bonuses | 30 USD no deposit | 30 USD no deposit |
In general, FXTM and XM have more or less similar trading cost structures. They both employ commissions and spreads as their two main sources of revenue. They both offer commission-free trading on certain types of live trading accounts. However, XM is considered to be a cheaper broker compared to FXTM for numerous reasons. First of all, the minimum deposit requirement is lower with XM broker. You can start trading with XM with just 5 US dollars or equivalent in another base currency. FXTM, on the other hand, requires 10 USD as a minimum deposit. Despite the fact that the leverage is not a direct cost of trading with the broker it is often described in the cost section of the brokerage companies. XM does not allow leverage more than 1:888 due to regulatory restrictions imposed on the broker. FXTM, however, provides maximum leverage of 1:2000.
Start trading now with 5 USD – XM Forex broker
With FXTM, commission-free accounts offer 1.5 pips spreads. The broker also provides a Zero spread option for the clients with portfolios above 25,000 USD value. The commissionable account of FXTM is an ECN MetaTrader 4 account with spreads starting at 0.1 pips. The commissions range between 4 USD to 20 USD. On the other hand, XM offers spreads of 0.6 pips on the Ulta-Low trading account and 1.0 pips on Standard and Micro accounts, which is much lower than the spread offered by FXTM.
XM | FXTM | |
CFD | ✓ | ✓ |
Commodities | ✓ | ✓ |
Precious Metals | ✓ | ✓ |
Energies | ✓ | ✓ |
Stocks | ✓ | ✓ |
Indices | ✓ | ✓ |
Cryptocurrencies | - | ✓ |
FXTM has a separate mobile trading app FXTM Trader, which does not run on desktop or browser. The users can find six MetaTrader 4 plugins within the platform. For those looking for automated trading bots, the broker grants access to free VPS hosting. Otherwise, FXTM Pivot Points Strategy is an option for the manual traders, whereas FXTM Invest is a suitable option for the social traders.
With XM broker, traders can choose either MetaTrader 4 or MetaTrader 5. Depending on the educational package that the users subscribe to with the broker, they can get access to additional features. For example, VIP Education package holders can access eight additional custom indicators that can be used to upgrade the existing MetaTrader platform. VPS service also runs free of charge for the users employing automated trading.
Get your free MT4 account with XM Forex broker
XM Forex broker is regulated by four different bodies and holds respective official licenses that are valid up to date. The additional information regarding the type of the license and the expiry date can be found within the databases of respective regulatory organs. The list of the regulators includes:
FXTM on the other hand holds three official licenses from the top-tier regulatory authorities. The regulators that authorize the brokerage company are the Financial Conduct Authority in the United Kingdom, the Cyprus Securities and Exchange Commission, and the Financial Services & Capital Markets.
XM no deposit bonus serves as a welcome bonus. The users registering on the trading platform of the XM broker can claim 30 USD no deposit bonus. The terms and conditions of the bonus state that the clients do not need to invest any amount beforehand and will receive the bonus amount as soon as they complete their verification and registration procedures. However, the no deposit bonus amount is not withdrawable immediately. The clients have to trade with the bonus amount first, satisfy the trading volume requirements and then withdraw the profits generated through trading with the XM 30 USD no deposit bonus.
FXTM broker has a similar no deposit bonus program. “Get to know FXTM with 30 USD” also serves as a welcoming reward for the new clients. The users have an opportunity to try out the platforms and services of the broker without depositing any amount on their balance at first. Similar to the conditions of XM 30 USD no deposit bonus, traders cannot withdraw the FXTM bonus without satisfying the volume requirements, first.
Claim 30 USD no deposit bonus with XM now
XM | FXTM | |
Pros | - low trading costs | - diverse portfolio |
- diverse bonus programs | - flexible leverage | |
- low minimum deposit | - highly regulated | |
Cons | - no cryptocurrencies | - average prices |
- no insurance | - single bonus program | |
- restricted leverage | - geographic restrictions |
Both FXTM and XM are decent, reliable, and high-quality brokerage companies. We definitely recommend trading with either of these two brokers. Most of the features of these brokers are quite similar, however, from what we observed throughout our broker comparison review, we can say that XM has a slight edge in terms of safety, reward programs, and the overall cost of trading. However, you can undoubtedly go for FXTM if you prefer the customized trading platforms or more flexible leverage and if you feel confident that the trading conditions offered by this broker suit your trading style and goals better.
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