FXOpen vs XM Comparison
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 FXOpen and XM
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 2004 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXOpen Review | XM Review |
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen is in the top 10 of the following ratings:
XM Review
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
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | FXOpen | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2004 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | - FCA FCA CySEC CySEC ASIC ASIC | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | FXOpen | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | FXOpen | XM |
|---|---|---|
| Account Types | 5/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels.
- Flexible trading conditions (leverage, deposit).
- Specialized accounts for stock trading.
Cons
- No fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | FXOpen | XM |
|---|---|---|
| Commissions | 3/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | 1.7 |
| Commission per Lot | $3.5 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
XM
XM's commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
Deposit and Withdrawal
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 4.2/5 | 4.5/5 |
| Account Funding Methods |
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FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals.
- A minimum limit of only 5 dollars.
- Quick processing of withdrawal requests.
Cons
- No cryptocurrency deposit/withdrawal options.
Markets and Products
| Broker | FXOpen | XM |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 66 | 55 |
| Precious Metals | 3 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 50 |
| Stocks | 553 | 1307 |
| ETF | 56 | - |
| Cryptocurrency | 41 | 58 |
| Soft Commodities | - | 8 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs.
- Access to CFDs on various assets.
- The ability to trade cryptocurrencies.
Trading Platforms
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile).
- MultiTerminal for managing multiple accounts.
- WebTrader for browser-based trading.
Cons
- No alternatives to MetaTrader.
Analytics
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
XM
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 2/5 | 4.5/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars.
- Available in different languages.
- Daily online sessions with experts.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | FXOpen | XM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
InstagramFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
XM
XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
