Having a reputable and dependable broker is crucial to your trading success. All of the alternative brokers we list below have good reputations and match what you are looking for.
We have listed some reasons why XM may not be the best broker for you. But dont worry we have compiled a list of the best alternatives further below.
- XM does not accept Paypal ( See Paypal brokers here )
- XM does not accept Skrill ( See Skrill brokers here )
- XM does not offer ECN accounts (See brokers with ECN accounts here)
- XM does not offer Spread Betting accounts (See Spread Betting brokers here)
Below is an extensive list of the best alternatives to XM based on our unique 500 point criteria.
Top alternative for XM is City Index
City Index is the best alternative broker to XM. City Index has been in operation for over 35 years.
City Index, as a brokerage is regulated. This means City Index are supervised by and checked for conduct by the Financial Conduct Authority, ASiC and MAS
If XM or City Index are not what you are looking for try XTB.
XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority
Here are some of the key reasons why traders choose City Index and XTB over XM
| XM | City Index | XTB | |
|---|---|---|---|
| Brokerage Rating | ★★★★☆ (4/5) | ★★★★☆ (4/5) | ★★★★☆ (4/5) |
| Regulator | Financial Conduct Authority, CySEC, and ASIC | Financial Conduct Authority, ASiC and MAS | Financial Conduct Authority |
| Min Deposit | 5 | 25 | 1 |
| Min Trade | 0.01 Lot | 1 Lot | 0.01 Lot |
| Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps |
If you want to read more about City Index, we have put together an in-depth City Index review that explores their platform, spreads, and trading conditions in more detail.
Visit City IndexIf City Index does not match your criteria, have a look at the 10 best XM alternatives below.
As with any investment your capital is at risk, losses can exceed deposits.
