XM Alternative Brokers Compared
We found when trading having a broker you can rely on is essential. If XM does not match your requirements we explain the top XM alternatives and XM competitors in this guide.
The best alternative for XM is IC Markets or Roboforex.
When searching for a XM alternative, there are a few things you need to check. The XM trading platform alternative you decide upon needs features and trading fees that match your investment strategies and trading requirements.
We offer a detailed list and examination of the top XM alternatives and competitors feature by feature further below this XM alternatives guide.
If you are looking for a trading platform that offers similar features to XM or XM. Or if you are looking for features that XM does not offer that you require when trading, we will show you the best XM alternative options below.
We highlight the pros and cons of each XM alternative. Maybe you are looking for better customer service from a XM alternative or more competitive XM fees and more financial instruments to trade.
We have listed some reasons why XM may not be the best broker for you. But don't worry. We have compiled a list of the best alternatives below.
- XM does not offer Guaranteed Stop Loss (See XM alternatives who offer Guaranteed Stop Loss here)
- ECN accounts are not offered by XM (Look here for XM alternatives offering ECN accounts)
- STP accounts are not offered by XM (Look here for XM alternatives offering STP accounts)
- XM does not offer MT4 (See XM alternatives offering the MT4 trading platform here)
- cTrader is not offered by XM (find XM alternatives offering the cTrader trading platform here)
- XM does not offer VIP accounts (Check here for XM alternatives offering VIP accounts)
- XM have inactivity fees (See XM alternatives who don’t have inactivity fees here)
Top XM Alternative is IC Markets
| Broker |  |
 |
 |
|---|---|---|---|
| Rating | ★★★★☆ 4/5 | ★★★★☆ 4/5 | ★★★★☆ 4/5 |
| 💻 Trading Platforms | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows |
| 📋 Instruments Available | 1000 | 2250 | 12000 |
| 📈 Stocks Offered | 160 | 2100 | 0 |
| 💎 Crypto | No | Yes | No |
| 💹 Forex Pairs | 55 | 61 | 35 |
| 📈 Commodities | 15 | 20 | 21 |
| 💰 Min Deposit | 5 | 200 | 10 |
| 👱♂️ Used By | 10,000,000+ users | 200,000+ users | 730,000+ users |
| 📆 Founded | 2009 | 2007 | 2009 |
| 👮♂️ Regulation | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund |
| 🌍 HQ | Cyprus | Australia | Belize |
| 🚫 Excluded Countries | US, CA, IL, IR | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH |
| Risk Warning | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits | Losses can exceed deposits |
If you want to see a more indepth feature by feature XM alternative comparison, you can scroll further down here.
