Trading.com vs XM - Fees Review included
Which broker is better Trading.com or XM? Our expert assessment conducted according to TU’s own methodology showed that Trading.com is one of the top brokers in the financial market with the TU Overall Score of 5.66 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 | Trading.com | XM |
|---|---|---|
Overall |
2.7 |
4.5 |
5 |
4.9 |
|
3.7 |
4.3 |
|
4.1 |
4.4 |
|
Investment Instruments |
1 |
4.4 |
Platforms and Charting Tools |
3.1 |
4.6 |
Deposit and Withdrawal |
3.6 |
4.7 |
Research |
1 |
5 |
Education |
1 |
5 |
Support |
3.5 |
4.6 |
Bonuses |
1 |
5 |
|
|
Trading.com vs XM: Pros and Cons
Trading.com is a UK broker whose full name is Trading Point. Previously, it was called XMUK, but in 2019 it was rebranded and the company began to operate under its new title: Trading.com. The company offers to trade six asset classes such as currency pairs, metals, as well as CFDs on stocks, stock indices, commodity futures, and energy resources. More than 1,250 assets are available in total. The main office is located in London, the broker is regulated by the FCA (Financial Conduct Authority), and its registration number 705428
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.
| Trading.com | XM | |
|---|---|---|
| Overall Pros | Favorable trading conditions - average spreads in major pairs are 0.6 pips | Well-Regulated broker |
| The minimum deposit/withdrawal for our trading accounts is $5 | Strong research tools | |
| All transaction costs are covered by the broker | Strong education | |
| Big Forex bonuses | ||
| Free deposit and withdrawal | ||
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | The broker offers only active trading services. Investment programs, training, analytics are absent | High spreads |
| The broker strictly adheres to the requirements of the regulator. Therefore, the maximum leverage is up to 1:30 |
Trading.com vs XM: Safety and Regulation
| Trading.com | XM | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 |
£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) |
Yes |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
Trading.com vs XM: Trading Conditions
| Trading Conditions | Trading.com | XM |
|---|---|---|
Minimum Deposit |
$5 |
$5 |
Trading Platforms |
МТ5 |
MT4, MT5 |
Max Leverage (Futures) |
1-30 |
1:888, 1:30 (for EU, UK clients) |
Supported Markets |
Forex, Commodities, Indices, stocks |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
1250+ |
1300+ |
Trading Accounts |
Ultra-Low Standard, Ultra-Low Micro |
Micro, Standard, Ultra Low, Zero |
Base Account Currencies |
EUR, USD, GBP, CHF, AUD, PLN, HUF |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
Trading.com vs XM: Fees
| Trading.com | XM | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,6 |
0,7 |
Standard acc. spread EUR/USD, max pips |
0,8 |
1,2 |
ECN Commission |
3 |
3,5 |
ECN Spread EUR/USD |
0,6 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
0-13 |
No |
Inactivity fee, $ |
10 |
10 |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Trading.com vs XM: Trading Assets
| Asset Name | Trading.com | XM |
|---|---|---|
Overall |
1250+ |
1300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Trading.com or XM: Investment Programs
| Asset Name | Trading.com | XM |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XM or Trading.com
| Trading.com | XM | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
Trading.com vs XM: Deposit and Withdrawal Methods
| Trading.com | XM | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
No |
No |
Neteller |
No |
No |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Trading.com vs XM: Research
| Research Type | Trading.com | XM |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
Trading.com vs XM: Education
| Education Type | Trading.com | XM |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
Yes (Micro) |
Yes |
XM vs Trading.com: Support
| Support Features | Trading.com | XM |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Trading.com vs XM: Forex Bonuses and Promo
| Promo | Trading.com | XM |
|---|---|---|
Forex Bonus |
No |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Affiliate Program |
No |
Multi tier affiliate program |
Other Promos |
||
|
|
Top 5 Reviews on XM
-
Comment
XM Group offers convenient support — available five days a week via chat and email. I once had to resolve a verification issue, and everything was handled within 30 minutes. I was pleased with the wide selection of terminals: although all are MetaTrader, there are 16 different versions for various devices. I trade on both my smartphone and laptop without any problems. Another plus is the full report on all commissions and transparent conditions — I’ve never encountered any hidden fees.
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
-
Comment
I discovered XM Group through the Traders Union rankings — the company ranked among the top brokers. I was impressed by the range of instruments: over 1,000 tradable assets, including 55+ currency pairs, stocks, indices, commodities, and even palladium and platinum. Spreads are very tight, with no markup on most pairs. I especially appreciated the execution speed: 99.35% of orders are filled in less than a second, and I can confirm that personally — I haven’t experienced any delays or requotes. Over the past four months, I’ve made around $700 trading currencies and commodities.
Top 5 Reviews on Trading.com
-
Comment
Can Trading.com be trusted at all? I think that traders are brazenly misled here, and they are also brazenly robbed. Personally, I made all the conclusions after talking with the support service, and I realized who was in front of me.
-
Comment
The company does not give back! When I replenished everything quickly passed, but they don’t want to give it back. Fraudsters!
-
Comment
At first, when I deposited $200, I was quickly contacted. It turned out to be so easy to make money. I made 100 dollars. I wanted to withdraw them, but then a company representative began to persuade me to deposit another 1500 bucks. He said that the money will flow into my account. I refused. I asked to show how to withdraw funds and then it began. In fact, our collaboration ended.
-
Comment
This broker attracted me with cent accounts, an affordable minimum deposit and a good selection of financial instruments that can be traded. Strong FCA regulation and negative balance protection also spoke in Trading.com's favour. Of course, spreads of 0.6 points were only on the demo, which did not surprise me at all. The broker only holds the spread, there are no additional trading commissions, so I did not even count on fees of $6. In fact, Trading.com spreads are average and do not differ much from the commissions of other brokers for this market segment. Swap sizes and execution speed are all right. Commission for withdrawal - only from payment systems.
-
Comment
I don't remember the exact number of brokers with which I have traded, but I am sure that the number has exceeded 20. I am constantly testing new companies because I always want to find better conditions. Once on the Trading.com website, I carefully studied the size of spreads and all possible commissions. After that, I searched for reviews from existing clients. Most of the traders who used the services of this broker were satisfied with the conditions there. The temptation was too great, and I could not resist. Now I trade Forex and Index CFDs with Trading.com. The downside for me is that transactions with cryptocurrencies are not available here. Everything is generally bad with analytics and news on the site, so you have to look for the critical information on third-party sources.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.