XM vs Motilal Oswal 2026: Which Broker is Better?
Choosing between XM and Motilal Oswal depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Motilal Oswal operates from Mumbai, India. Motilal Oswal has the longer track record, established in 1987, 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
Motilal Oswal
| XM | Motilal Oswal | |
|---|---|---|
| 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, DFSA, FSC ✓ | SEBI |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile, MO Investor |
XM is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Motilal Oswal offers lower spreads (0 pips).
See full side-by-side comparison belowXM vs Motilal Oswal: Key Differences
XM
Motilal Oswal
Fees Comparison
XM
Motilal Oswal
Lower feesRegulation & Trust
XM holds licences from ASIC, FCA, CySEC. Motilal Oswal is regulated by SEBI.
Markets & Assets
Both brokers offer access to Stocks, Indices, Commodities markets. XM additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
Fees & Spreads
On spreads, Motilal Oswal is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
Trading Platforms
XM supports MT4, MT5, Proprietary Mobile. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor. Both brokers are available on Proprietary Mobile.
Minimum Deposit
XM requires a minimum deposit of $5, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
Overall Ratings
BrokerRank scores XM at 3.92/5 and Motilal Oswal at 3.26/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
XM
3.9/5
Choose XM if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:1000)
- More regulatory licences (5)
Motilal Oswal
3.4/5
Choose Motilal Oswal if you want…
- Tighter spreads (from 0 pips)
- No minimum deposit
- More established (est. 1987)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both XM & Motilal Oswal are available in
Frequently Asked Questions
1Is XM better than Motilal Oswal?
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs Motilal Oswal's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, XM or Motilal Oswal?
XM offers spreads from 0.6 pips, while Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for XM vs Motilal Oswal?
XM requires a minimum deposit of $5. Motilal Oswal requires $0.
4Which broker is safer, XM or Motilal Oswal?
XM is regulated by CySEC, DFSA, FSC, FSCA, FSA, while Motilal Oswal holds licences from SEBI.
5What trading platforms do XM and Motilal Oswal support?
XM supports MT4, MT5, Proprietary Mobile. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
6Can I use both XM and Motilal Oswal?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Higher Rated
XM
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