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.
- 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 IC Markets
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| 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, IR, RU |
| Risk Warning | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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 | 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 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. 79% 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.
xm alternatives
XM Summary
- XM is used by over 3,500,000+ registered 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 over 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 offers US Shares (Look here for XM alternatives offering US Stocks and Shares)
- XM offers 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 55 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 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. 77.74% 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 IC Markets, Losses can exceed deposits
With Roboforex, 79% of retail investor accounts lose money when trading CFDs with this provider.
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
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IC Markets
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Roboforex
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eToro
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| Brokerage Rating | |||
| Regulator | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) |
| Min Deposit | 200 | 1 | 50 |
| Min Trade | 0.01 Lot | 0.01 Lot | $10 |
| 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 | 79% of retail investor accounts lose money when trading CFDs with this provider. |
| Visit IC Markets | Visit Roboforex | Visit eToro |
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.
