FOREX.com vs XM Comparison

Last updated Mar 28, 2025
FOREX.com LogoFOREX.com
4.1/5
Register68-81% of retail investors lose money when trading CFDs with this broker
VS
XM LogoXM
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of FOREX.com and XM

BrokerFOREX.comXM
Rating
4.1/5
4.2/5
Foundation Year20002009
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaBelize, Cyprus, Australia, United Arab Emirates
Minimum Deposit
  • 100 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0.1 pointsfrom 0 points
Max Leverage1:501:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
ReviewFOREX.com Review XM Review

FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.

Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.

FOREX.com Review

FOREX.com Logo
Register68-81% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Bonds Cryptocurrency
Trading Platforms
FOREX.comNinja TraderMetaTrader 4TradingView
compare FOREX.com trading accounts

FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.

Pros and Cons of FOREX.com

Pros

  1. Broker with many years of history and a global reputation.
  2. A variety of deposit methods.
  3. A wide variety of available markets and products.
  4. Advanced analytical tools and daily updates from the company's professionals.
  5. Comprehensive educational materials for all levels of traders.

Cons

  1. Lack of specialized accounts.
  2. High transaction fee on DMA Account.

FOREX.com is in the top 10 of the following ratings:

XM Review

XM Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Reliability

BrokerFOREX.comXM
Reliability
5/5
5/5
Foundation Year20002009
Regulated in CountriesCayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, AustraliaBelize, Cyprus, Australia, United Arab Emirates
Regulators

FOREX.com

The company is strictly regulated, has a long-standing market presence, and is open to investors.

Pros

  1. Broad global regulation.
  2. Long-term market presence.
  3. Parent company traded on NASDAQ.

XM

XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.

Account Opening

BrokerFOREX.comXM
Account Opening
4/5
5/5
Minimum Deposit
  • 100 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF

FOREX.com

The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.

Pros

  1. Transparent registration process.
  2. Strict verification for security.

Cons

  1. Verification may take time.
  2. A lot of information is required.

XM

Opening an account with XM Group is straightforward and quick.

Account Types

BrokerFOREX.comXM
Account Types
3.5/5
4.3/5
Trading Accounts
  • Standard
  • MT4
  • DMA
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
Minimum Deposit
  • 100 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0.1 pointsfrom 0 points
Max Leverage1:501:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Bonds
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
Demo Account
Swap-free Account

FOREX.com

FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.

Pros

  1. Direct Market Access account available.
  2. Demo account for strategy testing.
  3. The ability to trade on behalf of a company.

Cons

  1. No cent accounts.
  2. No Islamic accounts.
  3. No options for passive investing.

XM

XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.

Pros

  1. A wide choice of accounts for different experience levels.
  2. Flexible trading conditions (leverage, deposit).
  3. Specialized accounts for stock trading.

Cons

  1. No fixed spread accounts.
  2. No ECN or STP accounts.

Commissions

BrokerFOREX.comXM
Commissions
2.2/5
2.5/5
Spreadfrom 0.1 pointsfrom 0 points
Average Spread (EURUSD)1.31.7
Commission per Lot$6.48

FOREX.com

FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.

Pros

  1. Potential reduction in commissions with increased trading volume.
  2. Rebate program for major American traders.
  3. No fees for deposits and withdrawals.

Cons

  1. High transaction commission on DMA accounts.
  2. Inactivity fee.
  3. High swaps.

XM

XM's commissions are rated as average.

Pros

  1. Low spreads on the Ultra Low account.
  2. No swaps on many currency pairs on the Ultra Low account.

Cons

  1. Wider spreads and higher swaps on the standard account.
  2. Inactivity fee.

Deposit and Withdrawal

BrokerFOREX.comXM
Rating
4.3/5
4.5/5
Account Funding Methods
  • Neteller
  • Skrill
  • Bank Transfer
  • Credit and Debit Cards
  • Neteller
  • Skrill
  • WebMoney
  • Perfect Money
  • SticPay
  • Visa
  • Mastercard

FOREX.com

FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.

XM

The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.

Pros

  1. Zero commission for deposits and withdrawals.
  2. A minimum limit of only 5 dollars.
  3. Quick processing of withdrawal requests.

Cons

  1. No cryptocurrency deposit/withdrawal options.

Markets and Products

BrokerFOREX.comXM
Markets and Products
4.5/5
5/5
Forex9155
Precious Metals163
Energy Carriers143
Soft Commodities228
Indices5450
Stocks55001307
ETF318-
Bonds14-
Cryptocurrency1258

FOREX.com

Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.

XM

The broker offers a wide range of markets and products, including over 1500 items.

Pros

  1. A large selection of currency pairs.
  2. Access to CFDs on various assets.
  3. The ability to trade cryptocurrencies.

Trading Platforms

BrokerFOREX.comXM
Rating
5/5
4/5
Trading Platforms
  • FOREX.com
  • Ninja Trader
  • MetaTrader 4
  • TradingView
  • MetaTrader 5
  • MetaTrader 4

FOREX.com

FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.

XM

XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.

Pros

  1. Availability on various devices (PC, Mac, mobile).
  2. MultiTerminal for managing multiple accounts.
  3. WebTrader for browser-based trading.

Cons

  1. No alternatives to MetaTrader.

Analytics

BrokerFOREX.comXM
Rating
5/5
5/5

FOREX.com

Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.

XM

Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.

Pros

  1. Exclusive market analysis from professionals.
  2. Trading signals and tools such as Autochartist.
  3. The option to listen to news recordings.

Cons

  1. Real account required to access all materials.

Education

BrokerFOREX.comXM
Rating
5/5
4.5/5

FOREX.com

FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.

XM

XM's educational materials are extensive and varied, suitable for all experience levels.

Pros

  1. A wide range of materials: webinars, videos, seminars.
  2. Available in different languages.
  3. Daily online sessions with experts.

Cons

  1. Lack of textual materials and books.
  2. No personalized learning options.

Customer Support

BrokerFOREX.comXM
Rating
5/5
4/5
Email Support
  • global.support@forex.com
  • support@xm.com
Hotline Phones
  • +44 207 429 7900
  • 0800 032 1948
  • +5012236696
Social Media

FOREX.com

FOREX.com provides excellent technical support with fast and professional service, available 24/7.

XM

XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.

Pros

  1. Round-the-clock support.
  2. A variety of communication channels.
  3. Quick responses in some cases.

Cons

  1. Ineffectiveness of solutions, according to reviews.

Alternatives to FOREX.com and XM

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.