FXCM vs XM Comparison

Last updated Mar 28, 2025
FXCM LogoFXCM
4.3/5
Register67-72% 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 FXCM and XM

BrokerFXCMXM
Rating
4.3/5
4.2/5
Foundation Year19992009
Regulated in CountriesUnited Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the GrenadinesBelize, Cyprus, Australia, United Arab Emirates
Minimum Deposit
  • 50 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:10001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • Trading Station
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
ReviewFXCM Review XM Review

FXCM is suitable for traders of all levels. Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms.

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

FXCM Review

FXCM Logo
Register67-72% 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 Cryptocurrency
Trading Platforms
MetaTrader 4Trading StationTradingView
compare FXCM trading accounts

FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.

However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.

The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.

Pros and Cons of FXCM

Pros

  1. Diverse methods for deposit and withdrawal.
  2. Wide range of markets and products for trading.
  3. A broad spectrum of trading platforms.
  4. Extensive and quality materials for making informed decisions.
  5. Quick and efficient help in solving emerging issues.

Cons

  1. Insufficient variety of trading accounts.
  2. Inactivity fees and commissions for bank transfer withdrawals.
  3. Protracted account opening and verification process.

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

BrokerFXCMXM
Reliability
5/5
5/5
Foundation Year19992009
Regulated in CountriesUnited Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the GrenadinesBelize, Cyprus, Australia, United Arab Emirates
Regulators

FXCM

FXCM is a well-regulated broker with numerous licenses from various global organizations.

XM

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

Account Opening

BrokerFXCMXM
Account Opening
4/5
5/5
Minimum Deposit
  • 50 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF

FXCM

The account opening process at FXCM is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward.

Pros

  1. Clear and structured registration form.

Cons

  1. Verification waiting time can take up to 3 days.

XM

Opening an account with XM Group is straightforward and quick.

Account Types

BrokerFXCMXM
Account Types
4/5
4.3/5
Trading Accounts
  • Standard
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
Minimum Deposit
  • 50 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:10001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • Trading Station
  • TradingView
  • MetaTrader 5
  • MetaTrader 4
Demo Account
Swap-free Account

FXCM

FXCM offers two types of accounts: Mini for beginners and Standard for experienced traders. Although the choice is not vast, both accounts are well adapted for their target audiences.

Pros

  1. Mini account available - akin to a cent account.
  2. Option for copy trading through ZuluTrade.
  3. Demo and Islamic accounts available.

Cons

  1. Limited selection of account types.
  2. No account with fixed spreads.

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

BrokerFXCMXM
Commissions
3.2/5
2.5/5
Spreadfrom 0 pointsfrom 0 points
Average Spread (EURUSD)1.21.7
Commission per Lot

FXCM

Commissions at FXCM are average. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal.

Pros

  1. Competitive spreads and swaps.
  2. Rebate program for active traders.

Cons

  1. Inactivity fee.
  2. Fee for withdrawals via bank transfer.

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

BrokerFXCMXM
Rating
4.5/5
4.5/5
Account Funding Methods
  • Skrill
  • Neteller
  • PayPal
  • Swift
  • Visa
  • Mastercard
  • Discover
  • UnionPay
  • Neteller
  • Skrill
  • WebMoney
  • Perfect Money
  • SticPay
  • Visa
  • Mastercard

FXCM

FXCM offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies.

Pros

  1. Variety of deposit methods.
  2. Fast processing of withdrawal requests.
  3. No broker commissions for depositing.

Cons

  1. Commission for withdrawals via bank transfer.

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

BrokerFXCMXM
Markets and Products
4.5/5
5/5
Forex4155
Precious Metals33
Energy Carriers73
Soft Commodities48
Indices1550
Stocks35121307
ETF280-
Cryptocurrency2358

FXCM

FXCM provides a wide range of trading instruments, making it attractive for various categories of traders. Different markets, from Forex to stocks and cryptocurrencies, are available.

Pros

  1. Good selection of markets and instruments.

Cons

  1. Some competitors have even more CFDs.

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

BrokerFXCMXM
Rating
5/5
4/5
Trading Platforms
  • MetaTrader 4
  • Trading Station
  • TradingView
  • MetaTrader 5
  • MetaTrader 4

FXCM

FXCM offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.

Pros

  1. Wide choice of platforms for different trading styles.
  2. Advanced analytical tools in Trading Station.
  3. Support for algorithmic and social trading through Capitalise AI and ZuluTrade.

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

BrokerFXCMXM
Rating
5/5
5/5

FXCM

FXCM offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.

Pros

  1. Wide range of analytical tools.
  2. Professional signals and market analysis.
  3. Personalized trading applications.

Cons

  1. Some tools may require a subscription or active account.
  2. Lack of analytics localization in different languages.

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

BrokerFXCMXM
Rating
4/5
4.5/5

FXCM

The broker offers quality webinars and helpful guides that make the learning process informative and interactive.

Pros

  1. Webinars with experts for direct interaction.
  2. Detailed Forex guides.
  3. Materials suitable for traders of all levels.

Cons

  1. Lack of video courses.
  2. No podcasts for audio learning.

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

BrokerFXCMXM
Rating
5/5
4/5
Email Support
  • info@fxcmmarkets.com
  • info@fxcm.co.uk
  • info@fxcm.eu
  • support@fxcm.com.au
  • info@fxcmbullion.com
  • info@fxcm.ca
  • sales@fxcm.co.il
  • info@fxcm.za.com
  • support@xm.com
Hotline Phones
  • +16462531401
  • +5012236696
Social Media

FXCM

FXCM's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff.

Pros

  1. Multiple channels of communication, including WhatsApp and live chat.
  2. Available 24/5.
  3. High degree of customer satisfaction.

Cons

  1. There may be telephone charges for international calls.

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 FXCM and XM

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