FxPro 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 FxPro and XM
| Broker | FxPro | XM |
|---|---|---|
| Rating | 4.4/5 | 4.2/5 |
| Foundation Year | 2006 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Bahamas | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:10000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FxPro Review | XM Review |
FxPro is suitable for traders looking for a reliable company with good trading conditions and a wide selection of instruments.
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
FxPro Review
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
FxPro 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 | FxPro | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2006 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Bahamas | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | FCA FCA CySEC CySEC FSCA FSCA SCB SCB | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
FxPro
FxPro shows high reliability and strict compliance with regulatory standards in the financial sector. The company is regulated by several leading authorities worldwide.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | FxPro | XM |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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FxPro
The account opening process is structured but requires more time due to the volume of information needed.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | FxPro | XM |
|---|---|---|
| Account Types | 4/5 | 4.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:10000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FxPro
FxPro offers various accounts, but the absence of cent accounts and a copy trading service limits options for beginner traders.
Pros
- A wide choice of account types.
- Availability of Islamic accounts.
- Personalized service for owners of Premium accounts.
Cons
- No cent accounts.
- No copy trading service provided.
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 | FxPro | XM |
|---|---|---|
| Commissions | 3/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.5 | 1.7 |
| Commission per Lot | $3.5 |
FxPro
FxPro's commissions align with the market average, and the absence of fees for deposits/withdrawals is a benefit.
Pros
- No commission for depositing and withdrawing funds.
Cons
- Inactivity fee charged.
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 | FxPro | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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FxPro
FxPro offers convenient and flexible options for funding and withdrawal, with most operations not incurring a commission.
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 | FxPro | XM |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 69 | 55 |
| Precious Metals | 13 | 3 |
| Energy Carriers | 6 | 3 |
| Soft Commodities | 7 | 8 |
| Indices | 29 | 50 |
| Stocks | 1971 | 1307 |
| Cryptocurrency | 28 | 58 |
FxPro
FxPro provides an extensive selection of markets and products for trading. Clients can trade 69 currency pairs on Forex and have access to a broad range of CFDs on indices, stocks, agricultural commodities, oil, precious metals, and cryptocurrencies.
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 | FxPro | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FxPro
FxPro offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Edge. Each platform has several variations that can be downloaded from the broker's official website for free.
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 | FxPro | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
FxPro
FxPro offers its clients diverse market analysis services. The company's official YouTube channel also features forecasts, market reviews, and helpful videos.
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 | FxPro | XM |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
FxPro
The "Education" section on the FxPro website offers a variety of educational materials for traders. The materials provided enable traders to master the basics and deepen their understanding of trading.
Pros
- A variety of educational materials.
- Availability of free courses and accessible online tests for self-assessment.
Cons
- No educational formats such as webinars, seminars, and podcasts.
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 | FxPro | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
LinkedIn
Twitter
YouTube
Telegram
InstagramFxPro
FxPro has various channels for technical support, including online chat, callback service, and email. Clients can seek help through an international toll-free line or via email.
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.
