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 Belize entity and XM's Belize 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 Belize entity and XM's Belize entity.
Roboforex
Not regulated in your country Roboforex does not accept residents in the UK because it is not regulated by FCA.
61.41% of retail investor accounts lose money when trading CFDs with this provider.
XM
Not available in your country XM is not available in the UK.
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 Roboforex and XM are best suited to, based on what each one actually offers in United Kingdom.Roboforex is better than XM for professional traders and high-volume traders, while XM is better for crypto traders. Long-term investors, scalpers and swing traders can choose either Roboforex or XM.
| Overall score | Roboforex 81 Best 77 Best | XM 74 -7 73 -4 |
|---|---|---|
| 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.Neither Roboforex nor XM is regulated in the UK. Roboforex and XM are both regulated by top-tier authorities, Roboforex by BaFin and XM by CySEC. XM does not operate in the UK.
| Section score | Roboforex 85 -5 85 -5 | XM 90 Best 90 Best |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| 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 United Kingdom.Roboforex and XM both offer segregated client funds. Roboforex also offers additional money insurance. XM also offers two-factor authentication. Roboforex holds no licence in the UK and is not covered by the FSCS.
| Section score | Roboforex 69 Best 69 Best | XM 65 -4 65 -4 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2009 | 2009 |
| Parent company i | RoboForex Ltd. | 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 | 730,000 | 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 United Kingdom, both on each trade and on holding the account.Roboforex is better than XM for CFD/FX costs, because Roboforex is cheaper on EUR/USD, at 9 USD per lot (against XM's 20 USD), has tighter gold CFD spreads, at 0.18 points (against XM's 0.55 points), and charges lower Bitcoin CFD fees, at 16 USD (against XM's 40 USD). Neither Roboforex nor XM charges account maintenance fees or deposit fees.
Roboforex is better than XM for real stock costs, given that Roboforex does not charge US stock fees (against XM's 2.8 USD), and does not charge inactivity fees, unlike XM. Neither Roboforex nor XM charges account maintenance fees or deposit fees.
| Section score | Roboforex 68 Best 82 Best | XM 26 -42 72 -10 |
|---|---|---|
| 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 4 | Free |
| 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 9 | USD 20 |
| S&P 500 fees (CFD) i | 0.6 points | 0.6 points |
| Gold fees (CFD) i | 0.18 points | 0.55 points |
| Bitcoin fees (CFD) i | USD 16 | USD 40 |
| US stocks fees (CFD) i | USD 0.02 | Free |
| Fees on stocks | ||
| Stock fee type i | Spread | Commission, Percentage, Spread |
| US stocks fees (real) i | Free | USD 2.8 |
| 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 United Kingdom, and of how many instruments each one gives access to.XM is better than Roboforex for CFD/FX markets, because XM offers CFDs on crypto, which Roboforex does not. Both Roboforex and XM offer CFDs on commodities, forex, indices and stocks, and let you own stocks outright.
Roboforex is better than XM for real stock markets, given that Roboforex lets you own ETFs outright, which XM does not, and gives access to 12,000 tradable symbols (against XM's 1,400). Both Roboforex and XM let you own stocks outright, and offer CFDs on commodities, forex, indices and stocks.
| Section score | Roboforex 65 -10 30 Best | XM 75 Best 15 -15 |
|---|---|---|
| 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, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | ETF, Stocks | Stocks |
Platform
What we compare A comparison of the trading platforms that Roboforex and XM make available to their clients in United Kingdom.Roboforex is better than XM for platforms, because Roboforex offers a proprietary platform and cTrader, which XM does not. Roboforex and XM both offer MetaTrader 5 and MetaTrader 4.
| Section score | Roboforex 89 Best 89 Best | XM 63 -26 63 -26 |
|---|---|---|
| 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 United Kingdom, and of what each one lets you do from your phone.Roboforex is better than XM for mobile trading, as Roboforex offers the cTrader app, a social trading app and a copy trading app, which XM does not. Both Roboforex and XM offer a proprietary mobile app and the MetaTrader 5 app.
| Section score | Roboforex 100 Best 100 Best | XM 86 -14 86 -14 |
|---|---|---|
| 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 United Kingdom.There is little between Roboforex and XM on CFD/FX trading features, as both offer negative balance protection and trailing stops. XM goes a step further, as it executes orders faster, within 66 ms (against Roboforex's 118 ms). The leverage shown for Roboforex is set by its Belize entity and exceeds the retail limit in the UK (30:1 on major currency pairs). The leverage shown for XM is set by its Belize entity and exceeds the retail limit in the UK (30:1 on major currency pairs).
There is little between Roboforex and XM on real stock trading features, as both offer trailing stops and tier-1 liquidity providers. XM has a slight edge, as it executes orders faster, within 66 ms (against Roboforex's 118 ms).
| Section score | Roboforex 87 77 | XM 87 77 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | 118 ms | 66 ms |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 2000:1 | 1000:1 |
| Minor/Exotic FX pairs leverage i | 2000:1 | 1000:1 |
| Major indices leverage i | 100:1 | 500:1 |
| Minor indices leverage i | 100:1 | 250:1 |
| Gold leverage i | 2000:1 | 1000:1 |
| Commodities leverage i | 1000:1 | 400:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 500:1 | 1000:1 |
| 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 Roboforex and at XM in United Kingdom, and of who each one is meant for.Roboforex is better than XM for CFD/FX account types, given that Roboforex offers a professional traders account, an ECN account and a copy trading account, which XM does not. Roboforex and XM both offer a demo account and an Islamic account.
XM is better than Roboforex for real stock account types, since XM offers a stock investing account, a corporate account and a managed account, which Roboforex does not. Both Roboforex and XM offer a demo account and a standard account.
| Section score | Roboforex 70 Best 36 -32 | XM 60 -10 68 Best |
|---|---|---|
| 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 United Kingdom.XM is better than Roboforex for account opening, as XM requires a lower minimum deposit, at 5 USD (against Roboforex's 10 USD), offers 10 account base currencies (against Roboforex's 2), and credits deposits faster, within the same day (against Roboforex's 1 day). Roboforex and XM both offer credit cards and debit cards. XM does not operate in the UK and Roboforex holds no licence there.
| Section score | Roboforex 80 -15 80 -15 | XM 95 Best 95 Best |
|---|---|---|
| Minimum deposit i | USD 10 | USD 5 |
| Minimum withdrawal i | USD 0 | USD 5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | EUR, 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 Roboforex and XM in United Kingdom, in how it can be reached and how fast it answers.Roboforex is better than XM for customer care, as Roboforex offers priority support, which XM does not. Both Roboforex and XM offer a dedicated account manager and phone support.
| Section score | Roboforex 87 Best 87 Best | XM 78 -9 78 -9 |
|---|---|---|
| Number of languages supported i | 17 | 20 |
| Website languages i | Arabic, Czech, German, English, Estonian, Indonesian, Latvian, Lithuanian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Ukrainian, 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, 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 United Kingdom.Roboforex and XM are equally good for learning, as both offer education for advanced traders and webinars.
| Section score | Roboforex 88 88 | XM 88 88 |
|---|---|---|
| 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
CFD/FX Choose RoboForex if you want an online CFD broker with a wide choice of markets, cTrader and cent accounts and live in a country where it is licensed to operate.
Stocks Choose RoboForex if you want a broker for securities investing with commission-free US stocks, a wide choice of markets and ETFs to own and live in a country where it is licensed to operate.
Not licensed in the UK 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 Islamic accounts, several account base currencies and same-day deposits and live in a country where it accepts clients.
Stocks Choose XM if you want a stock brokerage service with same-day deposits and several account base currencies and live in a country where it accepts clients.
Not available in the UK 72.82% 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.
