General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
RoboForex vs XM: A Comprehensive Comparison Summary
When it comes to security, both brokers prioritize the safety of client funds and are regulated by reputable authorities. RoboForex is regulated by IFSC, while XM is regulated by CySEC, ASIC, DFSA, and FSC. In terms of security rating, XM scores higher with a rating of 94 compared to RoboForex’s rating of 84.
For traders who want to test the platforms before committing real funds, both brokers offer demo accounts. RoboForex provides unlimited duration demo accounts with virtual funds of up to $1,000,000. You can open as many demo accounts as you want or need. XM offers a demo account with unlimited duration and virtual funds of $100,000. The virtual funds for the XM demo account can be restored by contacting customer support.
When it comes to account opening, RoboForex requires a minimum deposit of $10 for most accounts, with account currency options of USD and EUR. Payment methods accepted by RoboForex include wire transfers, credit/debit cards, and eWallets. RoboForex offers various account types such as Prime, ECN, R StocksTrader, ProCent, and Pro.
XM, on the other hand, has a lower minimum deposit requirement of $5. Account currency options include USD and EUR, with additional base currencies available based on the trader’s country. XM accepts wire transfers, credit/debit cards, and eWallets as payment methods. XM offers a range of account options, including Standard, Micro, Zero, Ultra Low, Shares, and Islamic accounts.
If you are interested in social or copy trading features, RoboForex offers social-copy trading, allowing you to follow and copy the trades of successful traders. XM, on the other hand, does not offer social trading functionalities.
In terms of available markets, both brokers offer a variety of options. RoboForex provides access to 40+ forex pairs, 100+ commodities, 10+ indices, 33 crypto assets, 12,000+ stocks, 1,000+ ETFs, and 3 futures and options. RoboForex’s R Trader platform offers an extensive list of markets, including more than 3,000 real stocks of American companies and more than 8,400 CFDs on US stocks.
XM offers 57 forex pairs, 15 commodities, 30 indices, 0 crypto assets, 150+ stocks, and does not offer ETFs, futures, or options. As XM focuses on CFD trading only, it is more suitable for short-term investing rather than long-term investing.
Both RoboForex and XM have variable spreads. RoboForex offers spreads from 0 pips on forex, depending on the account type chosen. Stock commissions range from 0.01 USD for US stocks, 0.2% for EU stocks, and from 1.5 USD for ETFs.
XM provides spreads from 0 pip on forex, which is lower than the market average. However, the spreads may be higher depending on the account type chosen. XM also charges commissions per lot traded, which can go up to $7 per lot.
RoboForex offers a variety of trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and R Trader. These platforms are available for desktop, web, and mobile devices, catering to the needs of different types of traders. RoboForex’s platforms come with a range of tools suitable for various trading strategies.
XM provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available via webtrader, desktop, and mobile devices. Both platforms allow traders to engage in algo trading. XM also offers the option to use VPS services.
Both brokers offer educational resources and customer care support. RoboForex provides high-quality educational material including tutorials, webinars, and guides to help traders improve their knowledge and skills. Customer care is available 24/7 through live chat, phone, and email.
XM offers a wide range of educational material, including webinars in 19 languages 7 days a week, trading lessons, platform lessons, and more. Customer care is easily accessible via email, phone, and live chat, with support provided in over 21 languages.
In conclusion, both RoboForex and XM have their strengths and weaknesses. RoboForex excels in demo accounts, a wide range of markets, and lower trading fees. It offers social-copy trading and a variety of platforms suitable for different trading styles. On the other hand, XM stands out in terms of security, lower minimum deposit requirement, and comprehensive educational resources. XM also offers a larger selection of forex pairs and competitive spreads.