XM vs XTB: Comparison and Analysis

XM vs XTB: Which Broker is Better for You?

When it comes to choosing a broker, there are a lot of factors to consider, such as security, trading fees, platform features, markets offered, and customer support. In this comparison, we will examine XM and XTB to help you decide which one might be a better fit for your trading needs.

Security

Both XM and XTB are well-regulated brokers. XTB has regulations from six different regulatory bodies, including CySEC, FCA, KNF, IFSC, DFSA, and FSCA, while XM has regulations from four regulatory bodies, including CySEC, ASIC, DFSA, and FSC. XTB has a slightly higher security rating of 95 compared to XM’s security rating of 94.

Winner: XTB

Demo Account

XTB offers a demo account with a duration of 30 days and virtual funds of $100,000. The virtual funds can be restored by contacting customer support and can be renewed indefinitely. XM also offers a demo account, but it has an unlimited duration and virtual funds of $100,000, which can also be restored by contacting customer support.

Winner: Tie

Account Opening

XTB has no minimum deposit required to open an account, while XM requires a minimum deposit of $5. XTB offers account currencies of GBP, EUR, and USD, while XM offers USD and EUR as base currencies, with more currencies available based on the trader’s country. Both brokers offer a range of account types, including standard, Islamic, and professional accounts.

Winner: XTB

Social-Copy Trading

XTB does not provide any social or copy trading features, and neither does XM.

Winner: Tie

Markets

XTB offers a wide range of markets, including forex, commodities, indices, crypto assets, stocks, and ETFs, all of which are offered as CFDs. XTB has 57 forex pairs available, which is the same as XM, but XTB has a much larger selection of stocks and ETFs compared to XM. However, XM has a wider range of account types, including a shares account, which allows clients to invest in real stocks, while XTB offers zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000.

Winner: Tie

Trading Fees

XTB has variable spreads from 0.3 pips on forex, which is below the market average, and zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum). XM has variable spreads from 0 pips on forex, which is lower than the market average, but the spreads may be higher depending on the account type chosen, and commissions up to $7 per lot traded.

Winner: XM

Platforms

XTB offers a proprietary platform called xStation, which is available via web and mobile devices and is user-friendly and intuitive. XM offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are available via webtrader, desktop, and mobile devices. Both brokers allow traders to engage in algo trading, and XM also allows traders to use VPS services.

Winner: Tie

Education/Customer Care

Both brokers offer a wide range of educational materials, including FAQs, blog articles, e-books, trading videos, webinars, and seminars. XTB and XM both offer customer support via phone, email, and live chat, with XM offering support in over 21 languages, while XTB has an education centre with a comprehensive range of materials that may be more helpful for beginner traders.

Winner: XTB (for education) and XM (for customer care)

Summary

In summary, XTB and XM are both reputable brokers with different strengths and weaknesses. XTB offers a wider range of markets and has a higher security rating, while XM has lower trading fees and a wider range of account types, including the ability to invest in real stocks with their shares account. XTB is more beginner-friendly, with a comprehensive education centre, while XM offers excellent customer care with support in over 21 languages. Ultimately, the choice between these two brokers will depend on your individual trading needs and preferences.