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XM vs FXORO - Fees Review included

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Which broker is better XM or FXORO? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. FXORO is one of the top brokers in the financial market with the TU Overall Score of 5.69 out of 10. Find out more about TU Overall Score.

Feature XM FXORO

Overall

4.5

3.9

Regulation

4.9

4.1

Fees

4.3

3.8

Trading Assets

4.4

3.7

Investment Instruments

4.4

1

Platforms and Charting Tools

4.6

3.9

Deposit and Withdrawal

4.7

4.1

Research

5

3.9

Education

5

4.9

Support

4.6

4.2

Bonuses

5

2.1

XM review

FXORO review

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XM vs FXORO: Pros and Cons

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.

FXORO was founded in 2012. FXORO is a brand name owned by MCA Intelifunds LTD. It is a financial firm established under the jurisdiction of the Republic of Cyprus. It is authorized and registered by the CySec with registration number 126/10. FXORO gives access to trading CFD's on various products, such as Forex, Indices, Shares, Commodities, and Cryptocurrencies. The company offers excellent trading services yet paying great attention to customer safety.

XM FXORO
Overall Pros Well-Regulated broker Advanced education section
Strong research tools Trading central signals
Strong education
Big Forex bonuses
Free deposit and withdrawal
Instant withdrawal
1000+ trading assets
Overall Cons High spreads

XM vs FXORO: Safety and Regulation

XM FXORO

Max. Regulation Level

Tier-1

Tier-1

Investor protection

£85,000 €20,000

€20,000

FCA UK Regulation

No

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

No

BVI FSC

No

No

VFSC

No

No

FSA (Seychelles)

Yes

No

XM vs FXORO: Trading Conditions

Trading Conditions XM FXORO

Minimum Deposit

$5

$200

Trading Platforms

MT4, MT5

MT4, Mobile Apps

Max Leverage (Futures)

1:888, 1:30 (for EU, UK clients)

Up to 30:1 for retail clients and up to 400:1 for professional clients

Supported Markets

Forex, CFDs on indices, commodities, crypto, metals, stocks

Forex, Precious Metals, Commodities, Indices and Share based CFDs

Trading assets

1300+

200+

Trading Accounts

Micro, Standard, Ultra Low, Zero

Fix, Floating, ECN

Base Account Currencies

USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR

USD, EUR, GBP, CHF

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XM vs FXORO: Fees

XM FXORO

Standard acc. spread EUR/USD, min pips

0,7

0,12

Standard acc. spread EUR/USD, max pips

1,2

0,6

ECN Commission

3,5

3

ECN Spread EUR/USD

0,2

0,1

Deposit fee, %

No

No

Withdrawal fee, %

No

No

Withdrawal fee, USD

No

No

Inactivity fee, $

10

25

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

XM vs FXORO: Trading Assets

Asset Name XM FXORO

Overall

1300+

Forex

Yes

Yes

Stocks

Yes

Yes (CFD)

Metals

Yes (CFD)

Yes (CFD)

Cryptocurrencies

Yes (CFD)

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

No

No

Binary Options

No

No

XM or FXORO: Investment Programs

Asset Name XM FXORO

Copy Trading

Yes

No

MAM/PAMM

No

No

Managed Accounts

No

No

Other

No

No

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Trading Platforms: FXORO or XM

XM FXORO

MT4

Yes

Yes

MT5

Yes

No

cTrader

No

No

Appropriate platform

No

No

Others

No

No

XM review

FXORO review

Open an account

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XM vs FXORO: Deposit and Withdrawal Methods

XM FXORO

Bank Wire

Yes

Yes

Bank Card

Yes

Yes

Neteller

Yes

Yes

BTC

Yes

Yes

Wise

No

No

Payoneer

No

No

USDT

Yes

Yes

XM vs FXORO: Research

Research Type XM FXORO

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

Yes

E-Mail Reports

Yes

No

XM vs FXORO: Education

Education Type XM FXORO

Demo-account/Paper Trading

Yes

No

Webinars

Yes

Yes

Articles

Yes

No

Videos

Yes

No

Cent account

Yes

No

FXORO vs XM: Support

Support Features XM FXORO

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

Yes

Yes

Online chat

Yes

Yes

Other

No

Fax

XM vs FXORO: Forex Bonuses and Promo

Promo XM FXORO

Forex Bonus

up to $5000 forex bonus, up to 100% forex deposit bonus

No

Affiliate Program

Multi tier affiliate program

Yes, you will get a dynamic CPA of up to $1,000

Other Promos

No

XM review

FXORO review

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Top 5 Reviews on FXORO

  • FXORO

    tradinglegend439@gmail.com

    18.06.2025

    Comment

    FXORO offers leverage up to 1:400 for professional accounts and up to 1:30 for standard accounts, which is quite typical for a regulated European broker. I’d highlight their customer support — operators are available on weekdays via LiveChat, tickets, phone, and email. There are no bonuses or copy trading options, but the minimum trade size is just 0.01 lot. As for payments, they support Visa, MasterCard, Neteller, Skrill, and bank transfers, with the first three withdrawals each month being commission-free. Overall, FXORO gives a sense of transparency, though it lacks advanced services for investors.

  • FXORO

    amer.alami555@gmail.com

    28.05.2025

    Comment

    Excellent mt4 platform !!!

  • FXORO

    ody.amer92@gmail.com

    23.05.2025

    Comment

    I've been trading with FXORO for a few months now, and overall, the experience is average. The minimum deposit is $100, which isn’t exactly low for beginners. On the plus side, there are three real account types available (Fixed, Floating, ECN), and you can trade via MT4. Spreads on EUR/USD can start from 0.1 pips, though conditions are significantly better on ECN and pro accounts. As for the downsides, there are no active investment programs, and the portfolio includes only CFD instruments. FXORO isn’t the best choice if you’re looking for asset variety, but it works well for forex and basic CFDs.

  • FXORO

    amer.alami555@gmail.com

    15.05.2025

    Comment

    Very Helpful Customer Support Team !!!!

  • FXORO

    priya.nair@mailbirdies.com

    12.02.2025

    Comment

    Professional broker, fast withdrawals. They use MT4 so this is very good for me. I recommend!

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Top 5 Reviews on XM

  • XM Group

    mcduffieeustacia@gmail.com

    09.07.2025

    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…

  • XM Group

    yogawithmeditation8287@gmail.com

    08.07.2025

    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.

  • XM Group

    susanhughes1990@gmail.com

    04.07.2025

    Comment

    It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.

  • XM Group

    msttlouis4@gmail.com

    04.07.2025

    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.

  • XM Group

    guptakavita210819@gmail.com

    30.06.2025

    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.

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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
Author at Traders Union

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.