E*TRADE
XM
VS
Higher Rated
XM
Capital at risk · T&Cs apply
In the realm of online brokerage, E*TRADE and XM cater to distinct types of traders with their unique offerings. E*TRADE, with its zero-commission stock and ETF trading and robust options platform, appeals primarily to US-based investors seeking a comprehensive suite of investment products, albeit without forex or CFD trading. In contrast, XM targets a more global audience, particularly forex and CFD traders, with its low minimum deposit and high leverage options, making it ideal for those looking for flexibility and access to a wide range of markets. While E*TRADE excels in stock and options trading under the oversight of US regulators, XM provides a broader international reach with regulation from CySEC, ASIC, and FCA.
E*TRADE
XM
| E*TRADE | XM | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 3.9/5 ✓ |
| Min. Deposit | $0 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:4 | 1:1000 ✓ |
| Regulation | SEC, CFTC | CySEC, ASIC, FCA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.6/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE
XM
E*TRADE
Lower feesXM
E*TRADE
3.6/5
Choose E*TRADE if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs XM's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
E*TRADE offers spreads from 0 pips, while XM starts at 0.6 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. XM requires $5.
E*TRADE is regulated by SEC, CFTC, while XM holds licences from CySEC, ASIC, FCA.
E*TRADE supports Proprietary Web, Proprietary Mobile. XM supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.