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InvestinGoal » FxPro vs XM: Comparison and Analysis

FxPro vs XM: Comparison and Analysis

Written by Filippo Ucchino Publication Date Last Updated
Our verdict · CFD trading

FxPro is better than XM for CFD trading in the UK, because it is the only one of the two to run cTrader and TradingView and gives access to more tradable symbols (2,100 against 1,000). FxPro has a lower EUR/USD cost (11.70 USD per lot against 14.00 USD), offers a guaranteed stop loss, executes orders faster (13 ms against 66 ms) and opens fixed-spread accounts. XM, on the other hand, has a lower minimum deposit (5.00 USD against 100.00 USD). XM also credits deposits on the same day against 1 day, works in 10 account base currencies against 7, opens micro accounts and offers copy trading. FxPro is regulated in the UK by the FCA, while XM has no UK licence and is regulated by CySEC and ASIC. Both brokers offer a demo account, pay out withdrawals in 1 day and allow scalping, hedging, expert advisors, high-frequency trading strategies, VPS hosting and API access.

Best overall

FxPro

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country FxPro holds a licence from the regulator of the country this site is for, so local investor protections apply.
FxPro review ›
84CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

72.87% of retail investor accounts lose money when trading CFDs with this provider.

XM

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Not regulated in your country XM has no licence from the regulator of the country this site is for, so local investor protections do not apply.
XM review ›
71CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

72.82% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders FxPro and XM are best suited to, based on what each one actually offers in United Kingdom.
1 / 12

FxPro is better than XM for professional traders and high-volume traders. Both are a good fit for scalpers, swing traders and news traders.

Best for
Overall score FxPro 84 Best XM 71 -13
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise XM.
2 / 12

Only FxPro is regulated in the UK, by the FCA. XM holds no licence in the UK and is regulated by CySEC and ASIC (Australia).

Regulation
Section score FxPro 100 XM 100
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that FxPro and XM have in place to protect your money in United Kingdom.
3 / 12

Both FxPro and XM offer segregated client funds and two-factor authentication. FxPro also offers an investor compensation scheme and additional money insurance.

Safety
Section score FxPro 87 Best XM 65 -22
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 2009
Parent company i FxPro Group Limited Trading Point Holdings
CEO i Charalambos Psimolophitis Tasos Anastasiou
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Barclays, Julius Baer, Royal Bank of Scotland N/A
Brand power
Number of customers worldwide i 2,180,000 3,500,000
Annual revenue i USD 900,000 USD 1,000,000,000
Monthly website search traffic i 323.9K monthly visits

Costs

What we compare A comparison of what it costs to trade with FxPro and with XM in United Kingdom, both on each trade and on holding the account.
4 / 12

FxPro is better than XM for costs, given that FxPro is cheaper on EUR/USD, at 11.7 USD per lot (against XM's 14 USD), has tighter gold CFD spreads, at 0.34 points (against XM's 0.55 points), and offers volume discounts, which XM does not. Neither FxPro nor XM charges account maintenance fees or deposit fees.

Costs
Section score FxPro 49 Best XM 26 -23
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i USD 7 USD 7
EUR/USD average standard spread i
1.43 pips
2 pips
EUR/USD average raw spread i
0.21 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 11.7 USD 14
S&P 500 fees (CFD) i 0.85 points 0.6 points
Gold fees (CFD) i 0.34 points 0.55 points
Bitcoin fees (CFD) i USD 40
US stocks fees (CFD) i Free Free
Fees on stocks
Stock fee type i Spread Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with FxPro and with XM in United Kingdom, and of how many instruments each one gives access to.
5 / 12

FxPro is better than XM for available markets, as FxPro offers CFDs on crypto, which XM does not, and gives access to 2,100 tradable symbols (against XM's 1,000). Both FxPro and XM offer CFDs on commodities, forex, indices and stocks.

Available markets
Section score FxPro 75 Best XM 65 -10
Total tradable symbols i 2,100 1,000
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that FxPro and XM make available to their clients in United Kingdom.
6 / 12

FxPro is better than XM for platforms, given that FxPro offers cTrader and TradingView, which XM does not. FxPro and XM both offer MetaTrader 5 and MetaTrader 4.

Platform
Section score FxPro 80 Best XM 63 -17
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of FxPro and XM in United Kingdom, and of what each one lets you do from your phone.
7 / 12

FxPro is better than XM for mobile trading, given that FxPro offers the cTrader app, a social trading app and a copy trading app, which XM does not. FxPro and XM both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score FxPro 100 Best XM 73 -27
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that FxPro and XM allow on their platforms in United Kingdom.
8 / 12

FxPro is better than XM for trading features, since FxPro executes orders faster, within 13 ms (against XM's 66 ms), and offers guaranteed stop losses, which XM does not. Both FxPro and XM offer negative balance protection and trailing stops.

Trading features
Section score FxPro 93 Best XM 87 -6
Trade execution
Broker type i NDD NDD
Average execution time i 13 ms 66 ms
Slippage occurrence i 9%
Requotes occurrence i 0% 0%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i 2:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at FxPro and at XM in United Kingdom, and of who each one is meant for.
9 / 12

FxPro is better than XM for account types, because FxPro offers a professional traders account, a copy trading account and an unlimited demo account, which XM does not. FxPro and XM both offer a demo account and a managed account.

Account types
Section score FxPro 84 Best XM 62 -22
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with FxPro and with XM in United Kingdom.
10 / 12

FxPro and XM are equally good for account opening, as FxPro has no minimum withdrawal (against XM's 5 USD), and offers credit cards. On the other hand, XM requires a lower minimum deposit, at 5 USD (against FxPro's 100 USD), and offers 10 account base currencies (against FxPro's 7). FxPro and XM both offer debit cards and wire transfers.

Account opening
Section score FxPro 72 XM 70 -2
Minimum deposit i USD 100 USD 5
Minimum withdrawal i USD 0 USD 5
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal
Local payment methods i
Account base currencies i AUD, CHF, EUR, GBP, JPY, PLN, USD AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR
Deposit waiting time i up to 1 business days Instant
Withdrawal waiting time i up to 1 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of FxPro and XM in United Kingdom, in how it can be reached and how fast it answers.
11 / 12

FxPro is better than XM for customer care, because FxPro has a website in 24 languages (against XM's 19), and offers a dedicated account manager and priority support, which XM does not. FxPro and XM both offer phone support and live chat.

Customer care
Section score FxPro 91 Best XM 67 -24
Number of languages supported i 24 19
Website languages i Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese
Website available in English i
Customer support languages i Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that FxPro and XM provide to their clients in United Kingdom.
12 / 12

FxPro and XM are equally good for learning, since FxPro offers professional reports and traders' sentiment while XM offers webinars and an economic calendar. Both FxPro and XM offer education for advanced traders and education for beginners.

Learning
Section score FxPro 83 XM 83
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
FxPro
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
XM
Open Account 72.82% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

FxPro vs XM: which one should you choose?

FxPro

CFD Choose FxPro if you want a CFD and forex broker regulated in the UK by the FCA, with cTrader, fast execution and a guaranteed stop loss.

Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
XM

CFD Choose XM if you want an online CFD broker with a small minimum deposit and copy trading.

Open Account 72.82% of retail investor accounts lose money when trading CFDs with this provider.

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