Best XM Alternatives for 2022

The most in depth guide to XM Alternatives on the Internet.

What XM Does Not Offer and Alternatives For Each

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 that you decide upon needs to offer features and have trading fees that match your investment strategies and trading requirements. We offer a detailed list and examination of all 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 does not offer something 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 dont worry we have compiled a list of the best alternatives further below.

Top XM Alternative is IC Markets

Rating 4/5 4/5 4/5
💻 Trading Platforms MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
📋 Instruments Available 1000 2250 100
📈 Stocks Offerd 160 2100 0
💎 Cryptocurrency No Yes No
💹 Forex Pairs 55 61 35
📈 Commodities 15 20 21
💰 Min Deposit 5 200 1
👱‍♂️ Used By 3,500,000 users 180,000 users 10,000 users
📆 Founded 2009 2007 2009
👮‍♂️ Regulation Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC)
🌍 HQ Cyprus Australia Cyprus
🚫 Excluded Countries US, CA, IL, KR, IR, MM, CU, SD, SY US, IR, CA, NZ, JP US, JP
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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.

XM Alternatives List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.
eToro
(4/5)
Min deposit : 50

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 27000000+ traders. 78% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency, Index Based Funds, Exchange Traded Funds (ETF). Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. Trading 212 offers Stocks, Forex, Commodities, Indices.

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XM Summary

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XM Tradable Financial Assets

XM Alternatives

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XM Trading Account Features

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XM Risk Management Features

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XM Fees

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XM Regulation

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XM Desktop Computer and Mobile Device Support

Below is an extensive list of the best alternatives to XM based on our unique 256 point criteria.

Top alternative for XM is IC Markets

IC Markets is the best alternative broker to XM. IC Markets has been in operation for over 12 years.

IC Markets, as a brokerage is regulated. This means IC Markets are supervised by and checked for conduct by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

If XM or IC Markets are not what you are looking for try Roboforex.

With XM, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% 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.

With IC Markets, Losses can exceed deposits

With Roboforex, 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Roboforex, as a brokerage is regulated. This means Roboforex are supervised by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC)

Here are some of the key reasons why traders choose IC Markets and Roboforex over XM

  IC Markets Roboforex Plus500
Brokerage Rating (4/5) (4/5) (4/5)
Regulator Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
Min Deposit 200 1 100
Min Trade 0.01 Lot 0.01 Lot Varies
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Risk Warning Losses can exceed deposits Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
  Visit IC Markets Visit Roboforex Visit Plus500

If you want to read more about IC Markets, we have put together an in-depth IC Markets review that explores their platform, spreads, and trading conditions in more detail.

If IC Markets does not match your criteria, have a look at the 10 best XM alternatives below.

Best XM Alternatives for 2022


learn more Learn more about IC Markets
Losses can exceed deposits