XM
LHV
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and LHV depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while LHV operates from Tallinn, Estonia. LHV has the longer track record, established in 1999, compared to XM which was founded in 2009. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
XM
LHV
| XM | LHV | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:5 |
| Regulation | CySEC, ASIC, FCA ✓ | Finantsinspektsioon, FCA |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, LHV Broker |
XM is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, LHV offers lower spreads (0 pips).
See full side-by-side comparison belowXM
LHV
XM
LHV
Lower feesXM holds licences from ASIC, FCA, CySEC. LHV is regulated by FCA, Finantsinspektsioon.
Both brokers offer access to Stocks, Indices markets. XM additionally covers Forex, Cfd, Commodities. LHV adds Etf, Crypto.
On spreads, LHV is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. LHV offers Proprietary Web, Proprietary Mobile, LHV Broker. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while LHV sets no minimum deposit. This makes LHV accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and LHV at 3.36/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM
3.9/5
Choose XM if you want…
LHV
3.4/5
Choose LHV if you want…
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs LHV's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
XM offers spreads from 0.6 pips, while LHV starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. LHV requires $0.
XM is regulated by CySEC, ASIC, FCA, while LHV holds licences from Finantsinspektsioon, FCA.
XM supports MT4, MT5, Proprietary Mobile. LHV supports Proprietary Web, Proprietary Mobile, LHV Broker.
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.