FXCM
XM
VS
Higher Rated
XM
Capital at risk · T&Cs apply
In this detailed comparison between FXCM and XM, we explore the key distinctions that set these two brokers apart. FXCM, with its headquarters in London and a strong regulatory standing with the FCA and ASIC, appeals to traders looking for a platform with low spreads on major forex pairs and a robust proprietary trading platform, especially those interested in automated trading. XM, on the other hand, headquartered in Cyprus, caters to traders seeking accessibility with a very low minimum deposit and broader market offerings, including stocks, while providing robust educational resources and negative balance protection. Both brokers offer commission-free trading, but FXCM's experience and proprietary tools contrast with XM's wider spreads and broader asset range, appealing to different trader profiles.
FXCM
XM
| FXCM | XM | |
|---|---|---|
| BrokerRank Score | 3.7/5 | 3.9/5 ✓ |
| Min. Deposit | $50 | $5 ✓ |
| Spread from | 0.2 pips ✓ | 0.6 pips |
| Max Leverage | 1:400 | 1:1000 ✓ |
| Regulation | FCA, ASIC | CySEC, ASIC, FCA ✓ |
| Platforms | MT4, Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.7/5 on BrokerRank's independent rating. On fees, FXCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowFXCM
XM
WinnerFXCM
Lower feesXM
FXCM
3.7/5
Choose FXCM if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. FXCM holds a 3.7/5 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.
FXCM offers spreads from 0.2 pips, while XM starts at 0.6 pips. Check the fees section above for a full breakdown.
FXCM requires a minimum deposit of $50. XM requires $5.
FXCM is regulated by FCA, ASIC, while XM holds licences from CySEC, ASIC, FCA.
FXCM supports MT4, 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.