Nuvama
XM
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Compare Nuvama and XM side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
Nuvama
XM
| Nuvama | XM | |
|---|---|---|
| BrokerRank Score | 3.0/5 | 3.9/5 ✓ |
| Min. Deposit | $0 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:5 | 1:1000 ✓ |
| Regulation | SEBI | CySEC, ASIC, FCA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.0/5 on BrokerRank's independent rating. On fees, Nuvama offers lower spreads (0 pips).
See full side-by-side comparison belowNuvama
XM
WinnerNuvama
XM
Nuvama scores 3.04/5 while XM scores 3.92/5 in our independent rating.
XM edges ahead overall, but Nuvama may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Nuvama
3.0/5
Choose Nuvama if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. Nuvama holds a 3.0/5 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.
Nuvama offers spreads from 0 pips, while XM starts at 0.6 pips. Check the fees section above for a full breakdown.
Nuvama requires a minimum deposit of $0. XM requires $5.
Nuvama is regulated by SEBI, while XM holds licences from CySEC, ASIC, FCA.
Nuvama 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.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.