PrimeXBT vs XM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - PrimeXBT or XM?
Our pick: XM
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - XM looks preferable to PrimeXBT.
XM scored 4.7/5 and ranks 2 in our all Forex brokers list, whereas PrimeXBT has 4.4/5 and ranks 12.
This is not financial advice. See the full comparison below.
Who is PrimeXBT suitable for?
PrimeXBT is well-suited for active Forex and cryptocurrency traders: scalpers, high-leverage enthusiasts, copy traders, and those starting with a small deposit.
Who is XM suitable for?
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
Comparison Table of PrimeXBT and XM
| Broker | PrimeXBT | XM |
|---|---|---|
| Rating | 4.4/5 | 4.7/5 |
| Foundation Year | 2018 | 2009 |
| Regulated in Countries | South Africa, Seychelles, El Salvador, Mauritius | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Minimum Deposit |
|
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
|
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| Review | PrimeXBT Review | XM Review |
PrimeXBT Review
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
PrimeXBT 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
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | PrimeXBT | XM |
|---|---|---|
| Reliability | 4.6/5 | 5/5 |
| Foundation Year | 2018 | 2009 |
| Regulated in Countries | South Africa, Seychelles, El Salvador, Mauritius | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Regulators |
PrimeXBT
FSCA and FSA licenses, segregated accounts, NBP, and FinCom membership enhance protection; however, the absence of reputable regulators (FCA, ASIC) presents a moderate jurisdictional risk.
Pros
- Multi-tier regulation
- Segregation of funds and NBP
- External arbitration (Financial Commission)
Cons
- Lacks licenses from more stringent regulators (FCA, ASIC)
XM
XM is a reliable and well-regulated broker with licenses in key jurisdictions. Segregated accounts, negative balance protection, and a compensation fund make it a safe choice for traders.
Pros
- Licenses from ASIC, CySEC, DFSA, and other regulators
- Segregation of client funds
- Negative balance protection and compensation scheme
Account Opening
| Broker | PrimeXBT | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
PrimeXBT
Opening an account on PrimeXBT is simple: just an email and password, with no lengthy forms required. KYC is auto-verified in about 2 minutes, and deposits start at only $10. The entire process from registration to trading takes roughly 5-10 minutes.
Pros
- Instant registration
- Automated KYC within minutes
- Deposit from $10
XM
Opening an account with XM is fast and convenient: registration takes only a few minutes, the interface is intuitive, and document requirements are standard.
Pros
- Fast online registration
- Clear and straightforward KYC process
- Ability to open demo and additional accounts
Account Types
| Broker | PrimeXBT | XM |
|---|---|---|
| Account Types | 4/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:2000 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
PrimeXBT
PrimeXBT’s unified account covers FX/CFD, crypto futures, copy trading, and VIP, streamlining balance management. However, the lack of cent, and fixed-spread options slightly limits the choice.
Pros
- Single balance for all markets
- Automatic VIP status based on volume
- Integrated copy trading
Cons
- Absence of cent accounts
- Fixed spreads are not supported
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 ECN or STP accounts
Commissions
| Broker | PrimeXBT | XM |
|---|---|---|
| Commissions | 4.5/5 | 4/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.7 |
| Commission per Lot |
PrimeXBT
PrimeXBT’s fees are below market standards, featuring tight spreads for CFD trading and low fees for crypto futures trading. Additionally, there are no charges for deposits or account inactivity.
Pros
- Spreads from 0.1 pips
- VIP discounts
- No inactivity fees
Cons
- Market-average swap rates
XM
XM’s fees can be considered competitive: the Ultra Low account offers reduced spreads, while the absence of deposit and withdrawal fees lowers overall costs. With active trading, the conditions are attractive.
Pros
- Reduced spreads on the Ultra Low account
- No deposit or withdrawal fees
- Ability to lower costs through rebates
Cons
- Above-average spreads on the Standard account
- Inactivity fee applies
Deposit and Withdrawal
| Broker | PrimeXBT | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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PrimeXBT
A wide range of deposit and withdrawal methods, instant funding, and 3 free fiat withdrawals per month make transactions convenient. Fees apply only after exceeding the free limit and when withdrawing via card.
Pros
- 0% deposit fee
- 3 free fiat withdrawals
- Fast order processing
Cons
- Account denominated only in USD
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 | PrimeXBT | XM |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 99 | 55 |
| Precious Metals | 12 | 3 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 8 | 8 |
| Indices | 19 | 50 |
| Stocks | 16 | 1307 |
| Cryptocurrency | 135 | 58 |
PrimeXBT
PrimeXBT offers over 100 instruments across FX, indices, commodities, stocks, and crypto futures, catering well to active traders.
Pros
- All key asset classes
- Single account for all markets
- Crypto futures and copy trading
Cons
- No spot ETFs/bonds
- Limited selection of stocks
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 | PrimeXBT | XM |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
| Trading Platforms |
|
|
PrimeXBT
PXTrader is user-friendly, and MT5 provides automation features. While PrimeXBT offers a sufficient selection of platforms, it isn’t extensive.
Pros
- Mobile and web-based PXTrader platform
- Classic MetaTrader 5
- Built-in copy trading
Cons
- MT5 is not available in all regions
- Only two platforms offered (no cTrader or TradingView)
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 | PrimeXBT | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
PrimeXBT
PrimeXBT provides a basic suite of analytics including live charts, an economic calendar, and daily market overviews. This set is adequate for most users, though advanced screeners and signals are missing.
Pros
- 50+ chart indicators
- Economic calendar
- Daily market research
Cons
- No screeners/signals
- Limited depth of analysis
XM
XM’s analytics are well structured and deeply integrated into the platform. Trading Central, market sentiment tools, calendars, and calculators make them useful for both active trading and careful pre-trade analysis.
Pros
- Trading Central integration and XM in-house analysis
- Economic calendar, corporate events, and calculators
- Clear market sentiment tools
Education
| Broker | PrimeXBT | XM |
|---|---|---|
| Rating | 3/5 | 5/5 |
PrimeXBT
PrimeXBT offers an extensive library of articles and a comprehensive glossary spanning both basic and advanced topics, though it lacks video courses.
Pros
- 200+ articles covering various levels
- Free access without registration
Cons
- No video tutorials
- Limited interactive content
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
Customer Support
| Broker | PrimeXBT | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support |
|
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| Hotline Phones | — |
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| Social Media |
Twitter
Instagram
LinkedIn
Facebook
YouTube
TikTok
Telegram
Reddit
DiscordPrimeXBT
PrimeXBT’s support is fast and friendly: the 24/7 chat responds within minutes, and email queries receive a reply shortly after. While multiple channels exist, there is no telephone or messenger support.
Pros
- 24/7 online chat
- Multilingual operators
Cons
- No phone or messenger support
XM
XM’s customer support operates reliably 24/7, offering multiple contact channels and multilingual assistance. Most issues are resolved quickly and professionally, which supports the broker’s high service rating.
Pros
- 24/7 support via chat, email, phone, and messengers
- Multilingual assistance
- Strong knowledge of products and procedures
Comparisons of PrimeXBT and XM with other brokers
Conclusion
XM stands out as the better overall pick, while PrimeXBT trails on aggregate criteria.
XM scored 4.7/5 and ranks 2 in our rating; PrimeXBT has 4.4/5 and ranks 12.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: PrimeXBT or XM?
XM comes out ahead by overall rank (score 4.7/5, position 2) versus PrimeXBT (score 4.4/5, position 12).
Which broker is better for beginners: PrimeXBT or XM?
XM is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — PrimeXBT or XM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with PrimeXBT and XM?
PrimeXBT: PXTrader, MetaTrader 5. XM: MetaTrader 5, MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with PrimeXBT and XM?
PrimeXBT: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. XM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by PrimeXBT and XM?
PrimeXBT: PXTrader. XM: Standard, Micro, XM Ultra Low, Shares. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by PrimeXBT and XM?
PrimeXBT: Volet, Neteller, Skrill, Binance Pay, Swift, Visa, Mastercard. XM: Neteller, Skrill, SticPay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — PrimeXBT or XM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
