XM vs JustForex - Fees Review included
Which broker is better XM or JustForex? 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. JustForex is one of the top brokers in the financial market with the TU Overall Score of 7.1 out of 10. Find out more about TU Overall Score.
| Feature | XM | JustForex |
|---|---|---|
Overall |
4.5 |
3.8 |
4.9 |
2.1 |
|
4.3 |
4.1 |
|
4.4 |
3.1 |
|
Investment Instruments |
4.4 |
4.5 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.8 |
Research |
5 |
3.8 |
Education |
5 |
4.1 |
Support |
4.6 |
4.1 |
Bonuses |
5 |
4.4 |
|
|
|
XM vs JustForex: 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.
JustForex Broker (pronounced "Just Forex") is a brand of IPCTrade, an online Forex trading company that provides access to a variety of classic financial instruments. The broker is regulated by the Belize International Financial Services Commission (IFSC).
| XM | JustForex | |
|---|---|---|
| Overall Pros | Well-Regulated broker | No trading strategy restrictions |
| Strong research tools | ||
| Strong education | ||
| Big Forex bonuses | ||
| Free deposit and withdrawal | ||
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | High spreads | smoll choice of trading assets |
| few opportunities for passive income | ||
| there are withdrawal fees |
XM vs JustForex: Safety and Regulation
| XM | JustForex | |
|---|---|---|
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 |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
Yes |
XM vs JustForex: Trading Conditions
| Trading Conditions | XM | JustForex |
|---|---|---|
Minimum Deposit |
$5 |
$1 |
Trading Platforms |
MT4, MT5 |
MT4, МТ5, Mobile Platforms, WebTrader |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
401769 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Currency Pairs, Precious Metals, Crypto, Indices, Shares, Futures, Energy commodities |
Trading assets |
1300+ |
154+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Standard Cent, Standard, Pro и Raw Spread, Demo |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
XM vs JustForex: Fees
| XM | JustForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,2 |
0,5 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,2 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs JustForex: Trading Assets
| Asset Name | XM | JustForex |
|---|---|---|
Overall |
1300+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFDs) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
XM or JustForex: Investment Programs
| Asset Name | XM | JustForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: JustForex or XM
| XM | JustForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
XM vs JustForex: Deposit and Withdrawal Methods
| XM | JustForex | |
|---|---|---|
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 JustForex: Research
| Research Type | XM | JustForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
XM vs JustForex: Education
| Education Type | XM | JustForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
JustForex vs XM: Support
| Support Features | XM | JustForex |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram, Viber, Messedger, Line, Instagram |
XM vs JustForex: Forex Bonuses and Promo
| Promo | XM | JustForex |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
No deposit bonus $30 |
Affiliate Program |
Multi tier affiliate program |
Yes |
Other Promos |
||
|
|
|
Top 5 Reviews on JustForex
-
Comment
JustMarkets offers more than 260 trading instruments, including pairs, indices, metals, and energy commodities. The minimum deposit varies by region — from $10 for most countries to $100 for the EU. The leverage level ranges from 1:30 to 1:3000, depending on the trader's status and country. For passive income, PAMM and MAM services are available, expanding the options for fund management.
-
Comment
Unfortunately, there are no cryptocurrencies, although they are one of the top assets today. And the number of stocks is quite limited. Although there are US and European stocks, they are rather selective. With this in mind, it might be easier to invest in indices.
-
Comment
This broker is well-suited for beginner traders. At least because there are cent accounts available for practicing on a real market with real spreads and trading psychology. And the entry is only 10 USD. Familiar platforms MT4 and MT5, for which you can download hundreds of free scripts, robots, indicators. For passive investors, there is social trading both from the broker itself and from MetaQuotes. I compared spreads and quotes using a script and Excel with other brokers (exported quotes from MT4) – the average level. The specified 0.8 pips on EUR/USD is during a highly liquid European session, but during the Asian session and before holidays, the spread can widen to 1.5 pips or more.
-
Comment
A comfortable broker with moderate spreads, with whom I have been working for more than 3 months. So far, I am satisfied. It caught my attention for two reasons: the low entry threshold. 100 USD – this is not an amount to be overly concerned about in case of a loss. Secondly, there are a variety of withdrawal options. Since I like to combine trading with traveling, the payment system matters to me. And the broker accommodated me – I can deposit money using one payment method and withdraw through another, but it must be pre-verified. Other brokers required that I withdraw through the same method used for deposits. Here, this issue was resolved.
-
Comment
The review is positive, but there is a nuance. Situation: trades were opened with leverage. The next day, I find the trades closed at a loss with an almost zeroed-out deposit. Support responds: "The market is highly volatile; we have the right to reduce the leverage limit in accordance with regulatory requirements." As a result, my margin level dropped with the same position size, and the trades were closed by stop-out on a small drawdown. During the discussion, we reached an agreement: my deposit would be returned, but to the level before the trades were opened, meaning the disputed trades were annulled. Thanks to the broker. But the question remains: who is my counterparty in the trades if the broker can technically cancel the results of the trades?
Top 5 Reviews on XM
-
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.
-
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.
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.