Best XM Alternatives for 2021

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 eToro or XTB.

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.

• 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)
• 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 eToro

Rating	★★★★☆ 4/5	★★★★☆ 4/5	★★★★☆ 4/5
💻 Trading Platforms	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
📋 Instruments Available	1000	2000	4000
📈 Stocks Offerd	160	2042	1696
💎 Cryptocurrency	No	Yes	Yes
💹 Forex Pairs	80	50	57
📈 Commodities	15	31	21
💰 Min Deposit	5	50	0
👱‍♂️ Used By	3,500,000 users	20,000,000 users	250,000 users
📆 Founded	2009	2007	2002
👮‍♂️ Regulation	International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🌍 HQ	Cyprus	Cyprus, UK	Poland
🚫 Excluded Countries	US, CA, IL, KR, IR, MM, CU, SD, SY	ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN,	US, IN, PK, BD, NG , ID, BE, AU
Risk Warning	Your capital is at risk	67% of retail investor accounts lose money when trading CFDs with this provider.	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.

If you want to see a more indepth feature by feature XM alternative comparison, you can scroll further down here.

XM Alternatives List

eToro

★★★★☆ (4/5)

Min deposit : 50

Visit eToro Read review

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. 67% 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.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

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 20000000+ traders. 67% 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.

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

XTB

★★★★☆ (4/5)

Min deposit : 0

Visit XTB Read review

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.

Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

IC Markets

★★★★☆ (4/5)

Min deposit : 200

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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.

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

AvaTrade

★★★★☆ (4/5)

Min deposit : 250

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AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)

Roboforex

★★★★☆ (4/5)

Min deposit : 1

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Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Regulated by Cyprus Securities and Exchange Commission (CySEC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

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Pepperstone was established in 2010 and is used by over 89000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% 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 Pepperstone offers Forex, CFDs, Social Trading.

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217

FP Markets

★★★★☆ (4/5)

Min deposit : 100

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FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)

Plus500

★★★★☆ (4/5)

Min deposit : 100

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Plus500 was established in 2008 and is used by over 15500+ traders. 72% 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. Plus500 offers CFDs.

Regulated by 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

FXPrimus

★★★★☆ (4/5)

Min deposit : 100

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FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100

Visit easyMarkets Read review

easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

xm alternatives
XM Summary

• XM is used by over 3,500,000 users (Look here for XM alternatives that are used by more traders)
• XM has a minimum deposit of $5 (Look here for XM alternatives that require less minimum deposit)
• XM has a minimum trade requirement of 0.01 Lot (Look here for XM alternatives that require a lower minimum trade)
• XM has a maximum deposit of 50 Lot (Look here for XM alternatives that has a similar or greater maximum trade limit)
• XM has 11 awards (Look here for XM alternatives with more awards)

xm alternatives
XM Tradable Financial Assets

• XM offers traders over 1,000 tradable instruments (Look here for XM alternatives offering a similar amount or more tradable instruments)
• XM offers over 160 shares (Look here for XM alternatives offering more tradable shares)
• XM does not offer US Shares (Look here for XM alternatives offering US Stocks and Shares)
• XM does not offer UK Shares (Look here for XM alternatives offering UK Stocks and shares)
• XM offers German Shares (Look here for XM alternatives offering German Stocks and shares)
• XM offers Japanese Shares (Look here for XM alternatives offering Japanese Stocks and shares)
• XM offer Indices trading (Look here for XM alternatives offering Indices trading)
• XM offers 15 commodities (Look here for XM alternatives offering more tradable commodities)
• XM offers trading in metals (Look here for XM alternatives offering metal commodities)
• XM offers trading in energy commodities (Look here for XM alternatives offering energy commodities)
• XM does not offer trading in agricultural commodities (Look here for XM alternatives offering agricultural commodities)
• XM offers trading on the Forex markets (Look here for XM alternatives offering Forex trading)
• XM offers 80 Forex Pairs (Look here for XM alternatives offering a similar amount or more Forex Pairs)
• XM offers trading with Major Forex Pairs (Look here for XM alternatives offering Major Forex Pairs trading)
• XM offers trading with Minor Forex Pairs (Look here for XM alternatives offering Minor Forex Pairs trading)
• XM offers trading with Exotic Forex Pairs (Look here for XM alternatives offering Exotic Forex Pairs trading)
• XM does not offer trading in Cryptocurrencies (Look here for XM alternatives offering cryptocurrency trading)
• XM offer CFD trading (Look here for XM alternatives offering CFD trading)
• XM does not offer Social Trading (Look here for XM alternatives offering Social Trading accounts)

xm alternatives
XM Trading Account Features

• 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 offers MT4 (See XM alternatives offering the MT4 trading platform here)
• MT5 is offered by XM (find XM alternatives that offer the MT5 trading platform here)
• cTrader is not offered by XM (find XM alternatives offering the cTrader trading platform here)
• XM does offer Micro accounts (Check here for XM alternatives offering micro accounts)
• XM does not offer VIP accounts (Check here for XM alternatives offering VIP accounts)
• XM does offer Islamic accounts (Check here for XM alternatives offering Islamic accounts)
• XM does offer Demo accounts (Check here for XM alternatives offering Demo accounts)
• XM does offer Spread Betting accounts (Search for Spread Betting brokers here)
• XM does allow Scalping (See brokers for scalping here)

xm alternatives
XM Risk Management Features

• XM does allow hedging (See brokers for Hedging here)
• XM does offer negative balance protection (See XM alternatives who offer negative balance protection here)
• XM does not offer Guaranteed Stop Loss (See XM alternatives who offer Guaranteed Stop Loss here)
• XM does offer limit orders (See XM alternatives who offer limit orders here)
• XM does offer trailing stops (See XM alternatives who offer trailing stops here)
• XM does offer price alerts (See XM alternatives who offer price alerts here)

xm alternatives
XM Fees

• XM has inactivity fees (See XM alternatives who don’t have inactivity fees here)
• XM does not have withdrawal fees (See XM alternatives who don’t have withdrawal fees here)
• XM does not have deposit fees (See XM alternatives who don’t have deposit fees here)

xm alternatives
XM Regulation

• XM are not regulated by the FCA (Financial Conduct Authority) (Look here for XM alternatives offering FCA regulated brokers)
• XM are regulated by CySEC (Cyprus Securities and Exchange Commission) (Look here for XM alternatives offering CySEC regulated brokers)
• XM are not regulated by the MiFID (Markets In Financial Instruments Directive) (Look here for XM alternatives offering MiFID regulated brokers)
• XM are regulated by the ASIC (Australian Securities and Investments Commission) (Look here for XM alternatives offering ASIC regulated brokers)
• XM are not regulated by the FSCA (Financial Sector Conduct Authority) (Look here for XM alternatives offering FSCA regulated brokers)
• XM are not regulated by the DFSA (Dubai Financial Services Authority) (Look here for XM alternatives offering DFSA regulated brokers)
• XM are not regulated by the MAS (Monetary Authority of Singapore) (Look here for XM alternatives offering MAS regulated brokers)
• XM are not regulated by the FSA (Financial Services Authority) (Look here for XM alternatives offering FSA regulated brokers)

xm alternatives
XM Desktop Computer and Mobile Device Support

• XM Offers an online trading platform available to all desktop and mobile devices with an internet connection. (See XM alternatives that offer an online trading platform here)
• XM does offer a bespoke application for Microsoft Windows Desktop computers (See XM alternatives that support desktop Windows users here)
• XM does offer a bespoke application for Apple Mac Desktop computers (See XM alternatives that support desktop Apple Mac users here)
• XM does offer a bespoke application for mobile devices (See XM alternatives that support mobile device users here)
• XM does offer a bespoke application for IOS Devices (See XM alternatives for IOS users here)
• XM does offer a bespoke application for Android Devices (See XM alternatives for Android users here)
• XM does offer live chat support (See XM alternatives that offer live chat support here)

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

Top alternative for XM is eToro

Top Pick 1 4/5 rating

eToro is the best alternative broker to XM. eToro has been in operation for over 14 years.

eToro, as a brokerage is regulated. This means eToro are supervised by and checked for conduct by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)

If XM or eToro are not what you are looking for try XTB.

With XM, Your capital is at risk

With eToro, 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.

With XTB, Losses can exceed deposits

Top Pick 2 4/5 rating

XTB, as a brokerage is regulated. This means XTB are supervised by and checked for conduct by the Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa

Here are some of the key reasons why traders choose eToro and XTB over XM

	eToro	XTB	IC Markets
Brokerage Rating	★★★★☆ (4/5)	★★★★☆ (4/5)	★★★★☆ (4/5)
Regulator	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)	Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Min Deposit	50	0	200
Min Trade	$25	0.01 Lot	0.01 Lot
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
Risk Warning	67% of retail investor accounts lose money when trading CFDs with this provider.	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.	Losses can exceed deposits
	Visit eToro	Visit XTB	Visit IC Markets

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

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