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 eToro or IC Markets.

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 eToro

Rating 4/5 4/5 4/5
💻 Trading Platforms MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
📋 Instruments Available 1000 2000 232
📈 Stocks Offerd 160 2042 110
💎 Cryptocurrency No Yes Yes
💹 Forex Pairs 80 50 65
📈 Commodities 15 31 19
💰 Min Deposit 5 10 200
👱‍♂️ Used By 3,500,000 users 27,000,000 users 180,000 users
📆 Founded 2009 2007 2007
👮‍♂️ 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) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🌍 HQ Cyprus Cyprus, UK Australia
🚫 Excluded Countries US, CA, IL, KR, IR, MM, CU, SD, SY ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PY, HN, GT, PR, NI, VG, AN, AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA
Risk Warning Your capital is at risk 68% of retail investor accounts lose money when trading CFDs with this provider. 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

eToro
(4/5)
Min deposit : 10

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 27000000+ traders. 68% 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.
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.
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.
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.
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.

xm alternatives
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 eToro

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 IC Markets.

With XM, Your capital is at risk

With eToro, Losses can exceed deposits

With IC Markets, Losses can exceed deposits

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)

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

  eToro IC Markets Roboforex
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) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC)
Min Deposit 10 200 1
Min Trade $25 0.01 Lot 0.01 Lot
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
Risk Warning 68% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits Losses can exceed deposits
  Visit eToro Visit IC Markets Visit Roboforex

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.

Best XM Alternatives for 2022


learn more Learn more about eToro
68% of retail investor accounts lose money when trading CFDs with this provider.