FxPro vs XM 2026: Which Broker is Better?

Regulation & Safety

FxPro, established in 2006 and headquartered in London, UK, is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). These regulatory bodies are considered highly reputable, providing a solid foundation for client trust. FxPro offers negative balance protection, ensuring that clients cannot lose more than their account balance.

XM, founded in 2009 with headquarters in Limassol, Cyprus, is also regulated by CySEC, ASIC, and the FCA. Like FxPro, XM offers negative balance protection. Both brokers provide robust fund protection schemes, but FxPro's long-standing presence in the UK market and FCA regulation may offer an additional layer of reassurance for UK-based clients.

Fees & Spreads

FxPro offers spreads starting from 0.6 pips with no commission on trades, which is competitive in the industry. However, it is important to note that the broker has a $100 minimum deposit requirement, which might be considered high for some retail traders. Overnight fees are applicable, and these can vary depending on the asset class being traded.

XM also offers spreads from 0.6 pips with zero commission, but it stands out with a significantly lower minimum deposit of just $5, making it accessible to a broader range of traders. XM does not charge deposit or withdrawal fees, which can be a cost-saving advantage over time. Overnight fees are applicable at XM as well, and traders should be aware of these when planning longer-term trades.

Trading Platforms

FxPro provides a comprehensive suite of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary web and mobile platforms. This diversity allows traders to choose the platform that best suits their trading style and needs, with no dealing desk execution enhancing transparency. XM also offers MT4, MT5, and a proprietary mobile platform, catering to traders who prefer traditional and mobile trading solutions. While both brokers support MT4 and MT5, FxPro’s proprietary platforms offer additional flexibility.

Who Should Choose FxPro?

• Traders seeking FCA regulation and a strong market reputation.
• Users looking for a range of trading platforms including proprietary options.
• Individuals who require no dealing desk execution.
• Traders who value negative balance protection.

Who Should Choose XM?

• Beginners needing a very low minimum deposit.
• Traders interested in avoiding deposit/withdrawal fees.
• Users who value strong educational resources to enhance trading skills.
• Individuals who require negative balance protection.

Our Verdict

For beginners, XM is the preferred choice due to its low minimum deposit and comprehensive educational resources. For professional traders, FxPro edges out with its robust platform options and reputation. On fees, XM offers more cost-effective options with no deposit/withdrawal fees and a lower minimum deposit.