XM
Monex
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Monex depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Monex operates from Tokyo, Japan. Monex 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
Monex
| XM | Monex | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:3 |
| Regulation | CySEC, ASIC, FCA ✓ | FSA, SEC |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, TradeStation JP |
XM is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Monex offers lower spreads (0 pips).
See full side-by-side comparison belowXM
WinnerMonex
XM
Monex
XM holds licences from ASIC, FCA, CySEC. Monex is regulated by SEC, FSA.
Both brokers offer access to Forex, Stocks markets. XM additionally covers Cfd, Indices, Commodities. Monex adds Etf, Crypto.
On spreads, Monex is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Monex sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and Monex at 3.42/5, 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…
Monex
3.4/5
Choose Monex if you want…
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs Monex'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 Monex starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Monex requires $0.
XM is regulated by CySEC, ASIC, FCA, while Monex holds licences from FSA, SEC.
XM supports MT4, MT5, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
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.