FXTM vs XM - Fees Review included
Which broker is better FXTM or XM? Our expert assessment conducted according to TU’s own methodology showed that FXTM is one of the top brokers in the financial market with the TU Overall Score of 6.77 out of 10. XM is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. Find out more about TU Overall Score.
| Feature | FXTM | XM |
|---|---|---|
Overall |
4.5 |
4.5 |
4.9 |
4.9 |
|
4.7 |
4.3 |
|
4.5 |
4.4 |
|
Investment Instruments |
4.2 |
4.4 |
Platforms and Charting Tools |
4.3 |
4.6 |
Deposit and Withdrawal |
4.6 |
4.7 |
Research |
4.5 |
5 |
Education |
4.6 |
5 |
Support |
4.4 |
4.6 |
Bonuses |
2.9 |
5 |
|
|
|
FXTM vs XM: Pros and Cons
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
| FXTM | XM | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | Well-Regulated broker |
| Stock baskets | Strong research tools | |
| 3 types of ECN accounts | Strong education | |
| Low fees and near zero spreads | Big Forex bonuses | |
| Well regulated forex broker | Free deposit and withdrawal | |
| FXTM invest copy trading platform | Instant withdrawal | |
| Trading signals and trading calculators tools | 1000+ trading assets | |
| Overall Cons | Lack of cryptocurrency | High spreads |
FXTM vs XM: Safety and Regulation
| FXTM | XM | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
$1 million |
£85,000 €20,000 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
FXTM vs XM: Trading Conditions
| Trading Conditions | FXTM | XM |
|---|---|---|
Minimum Deposit |
$50 |
$5 |
Trading Platforms |
MT4, MT5 |
MT4, MT5 |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1:888, 1:30 (for EU, UK clients) |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
1000+ |
1300+ |
Trading Accounts |
Standard, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
Micro, Standard, Ultra Low, Zero |
Base Account Currencies |
USD, EUR, GBP, NGN |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
FXTM vs XM: Fees
| FXTM | XM | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
1,1 |
0,7 |
Standard acc. spread EUR/USD, max pips |
2,1 |
1,2 |
ECN Commission |
2,5 |
3,5 |
ECN Spread EUR/USD |
0,20 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
3-20 |
No |
Inactivity fee, $ |
5 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FXTM vs XM: Trading Assets
| Asset Name | FXTM | XM |
|---|---|---|
Overall |
1000+ |
1300+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
FXTM or XM: Investment Programs
| Asset Name | FXTM | XM |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: XM or FXTM
| FXTM | XM | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
No |
Others |
No |
No |
|
|
|
FXTM vs XM: Deposit and Withdrawal Methods
| FXTM | XM | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
FXTM vs XM: Research
| Research Type | FXTM | XM |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
FXTM vs XM: Education
| Education Type | FXTM | XM |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
XM vs FXTM: Support
| Support Features | FXTM | XM |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
No |
FXTM vs XM: Forex Bonuses and Promo
| Promo | FXTM | XM |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
Multi tier affiliate program |
Other Promos |
||
|
|
|
Top 5 Reviews on XM
-
Comment
I've been trading with XM Group for just over a year. I chose this broker based on reviews and the fact that it holds multiple licenses — ASIC, CySEC, FSC, and DFSA. I really liked the low minimum deposit of just $5, which meant I didn’t have to risk a large amount. I started with a micro account where 1 lot equals 1,000 units — perfect for beginners. I’m satisfied with the spreads: on EUR/USD they start from 0.8 pips, and there are no fees for deposits or withdrawals, which is quite rare. Over the year, I’ve withdrawn about $900 in profit — the funds arrived quickly, with a maximum wait of 2 days.
-
Comment
XM Group is a great choice for active trading thanks to its transparent commission policy and no requotes. Over 5 million traders have chosen this broker — an impressive number. I made about 70 trades in a month, all executed in under a second with no requotes. MQL5 trading signals can be integrated directly into the terminal, making it easy to test ideas from other traders. A $5 minimum deposit and a wide range of assets make XM Group a versatile option for both beginners and professionals.
-
Comment
I liked that XM Group operates under licenses from four regulators at once: ASIC, CySEC, FSC, and DFSA. This inspires confidence. Fast execution was important to me — the broker claims 100% order execution, and in practice trades close at the prices I see in the terminal. Spreads are minimal — for major pairs they stay around 0.8–1 pip. Support is always available on weekends and helped me with account verification questions.
-
Comment
I chose XM Group for their professional approach to order execution. They have a stop-out set at 20%, which helps keep risks under control. I use a micro account with a 0.01 lot size, making it convenient to test scalping strategies on real quotes. Withdrawals are processed within the day, and I’ve never experienced delays. The minimum deposit of $5 is an ideal start for beginners.
-
Comment
One of XM Group’s strengths is its wide range of instruments. The platform offers over 1,000 assets, including more than 55 currency pairs, metals, indices, commodities, and stocks. Personally, I often use MetaTrader 5 and appreciate the depth of market and fast price feeds. XM Group charges no commissions for deposits and withdrawals, and all payments are processed quickly. Customer support responds to inquiries during business hours — that’s another definite plus.
Top 5 Reviews on FXTM
-
Comment
I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.
-
Comment
One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.
-
Comment
I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.
-
Comment
FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.
-
Comment
FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.