Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of Roboforex's Germany entity and XM's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of Roboforex's Germany entity and XM's Cyprus entity.
Roboforex
61.41% of retail investor accounts lose money when trading CFDs with this provider.
XM
75.12% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Roboforex and XM are best suited to, based on what each one actually offers in .Roboforex is better than XM for day traders and long-term investors, while XM is better for scalpers and CFD stock traders. Swing traders, news traders and algo traders can choose either Roboforex or XM.
| Overall score | Roboforex not offered 79 | XM 79 not offered |
|---|---|---|
| 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 Roboforex and the ones that supervise XM.Roboforex and XM are both regulated by top-tier authorities, Roboforex by BaFin and XM by CySEC.
| Section score | Roboforex not offered 85 | XM 90 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | BaFin (Germany) | 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 Roboforex and XM have in place to protect your money in .Roboforex and XM both offer segregated client funds and an investor compensation scheme. Roboforex also offers additional money insurance.
| Section score | Roboforex not offered 87 | XM 78 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2009 | 2009 |
| Parent company i | RoboMarkets Group | Trading Point Holdings |
| CEO i | Andrei Dziarnovich | Tasos Anastasiou |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | 800,000 | 20,000,000 |
| Annual revenue i | USD 1,000,000,000 | |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Roboforex and with XM in , both on each trade and on holding the account.There is no like-for-like comparison for CFD/FX costs, as Roboforex is a stockbroker and does not offer CFD/FX.
Only Roboforex can be assessed for real stock costs, since XM is a CFD broker and does not offer real stocks.
| Section score | Roboforex not offered 88 | XM 57 not offered |
|---|---|---|
| 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 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 10 | |
| S&P 500 fees (CFD) i | 0.6 points | |
| Gold fees (CFD) i | 0.3 points | |
| Bitcoin fees (CFD) i | ||
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Percentage | Spread |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | Free | |
| 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 Roboforex and with XM in , and of how many instruments each one gives access to.There is no like-for-like comparison for CFD/FX markets, as Roboforex is a stockbroker and does not offer CFD/FX.
Only Roboforex can be assessed for real stock markets, since XM is a CFD broker and does not offer real stocks.
| Section score | Roboforex not offered 30 | XM 75 not offered |
|---|---|---|
| Total tradable symbols i | 12,000 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, ETF, Forex, Indices, Stocks | |
| Futures i | ||
| Options i | ||
| Assets you can own i | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Roboforex and XM make available to their clients in .Only XM can be assessed for platforms, since Roboforex is a stockbroker and does not offer CFD/FX.
XM does not offer real stocks, being a CFD broker, so Roboforex and XM cannot be compared for platforms.
| Section score | Roboforex not offered 89 | XM 63 not offered |
|---|---|---|
| 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 Roboforex and XM in , and of what each one lets you do from your phone.XM and Roboforex cannot be set side by side for mobile trading, as Roboforex is a stockbroker and does not offer CFD/FX, unlike XM.
Only Roboforex can be assessed for mobile trading, since XM is a CFD broker and does not offer real stocks.
| Section score | Roboforex not offered 100 | XM 86 not offered |
|---|---|---|
| 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 Roboforex and XM allow on their platforms in .There is no like-for-like comparison for CFD/FX trading features, as Roboforex is a stockbroker and does not offer CFD/FX.
XM does not offer real stocks, being a CFD broker, so Roboforex and XM cannot be compared for real stock trading features.
| Section score | Roboforex not offered 85 | XM 87 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | 66 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 30:1 (the UAE), 1000:1 (other accepted countries, South Africa). | |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). | |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 500:1 (other accepted countries, South Africa). | |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 250:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). | |
| Gold leverage i | 20:1About this value. This is the gold leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). | |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). | |
| Equities leverage i | 5:1About this value. This is the equities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 20:1 (Kenya, other accepted countries, South Africa), 5:1 (the UAE). | |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 2:1 (the UAE), 1000:1 (other accepted countries, South Africa). | |
| 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 Roboforex and at XM in , and of who each one is meant for.Only XM can be assessed for CFD/FX account types, since Roboforex is a stockbroker and does not offer CFD/FX.
There is no like-for-like comparison for real stock account types, as XM is a CFD broker and does not offer real stocks.
| Section score | Roboforex not offered 75 | XM 64 not offered |
|---|---|---|
| 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 Roboforex and with XM in .XM and Roboforex cannot be set side by side for account opening, as Roboforex is a stockbroker and does not offer CFD/FX, unlike XM.
Roboforex and XM cannot be compared for account opening, because Roboforex is a stockbroker while XM is a CFD broker.
| Section score | Roboforex not offered 67 | XM 90 not offered |
|---|---|---|
| Minimum deposit i | USD 100About this value. This is the minimum deposit at RoboMarkets Deutschland GmbH (BaFin). At Roboforex's other companies: USD 10 (other accepted countries). | USD 5 |
| Minimum withdrawal i | USD 0 | USD 5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPalAbout this value. This is the ewallets at RoboMarkets Deutschland GmbH (BaFin). It is different at Roboforex's companies in other accepted countries. | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | EUR, GBP, USDAbout this value. This is the account base currencies at RoboMarkets Deutschland GmbH (BaFin). It is different at Roboforex's companies in other accepted countries. | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR |
| Deposit waiting time i | Instant | 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 Roboforex and XM in , in how it can be reached and how fast it answers.Since XM is a CFD broker and Roboforex is a stockbroker, the two cannot be compared for customer care.
Roboforex and XM cannot be compared for customer care, because Roboforex is a stockbroker while XM is a CFD broker.
| Section score | Roboforex not offered 67 | XM 78 not offered |
|---|---|---|
| Number of languages supported i | 14 | 20 |
| Website languages i | Arabic, Czech, German, English, Estonian, Indonesian, Latvian, Malay, Polish, Russian, Spanish, Thai, Ukrainian, Vietnamese | 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, English, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, Chinese | Arabic, Czech, German, Greek, English, French, Hindi, 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 Roboforex and XM provide to their clients in .XM and Roboforex cannot be compared for learning, because XM is a CFD broker while Roboforex is a stockbroker.
There is no like-for-like comparison for learning, as XM is a CFD broker and does not offer real stocks.
| Section score | Roboforex not offered 76 | XM 88 not offered |
|---|---|---|
| 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 | ||
Roboforex vs XM: which one should you choose?
Roboforex
Stocks Choose RoboForex if you want a broker for securities investing with commission-free US stocks and a wide choice of markets.
Open Account 61.41% of retail investor accounts lose money when trading CFDs with this provider.
XM
CFD/FX Choose XM if you want a CFD and forex broker with ETFs and managed accounts.
Open Account 75.12% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Roboforex or XM, each scored with the same data and method as this page.
