XM
Sarwa
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Sarwa depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Sarwa operates from Dubai, UAE. XM has the longer track record, established in 2009, compared to Sarwa which was founded in 2017. 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
Sarwa
| XM | Sarwa | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.3/5 |
| Min. Deposit | $5 ✓ | $500 |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:1 |
| Regulation | CySEC, ASIC, FCA ✓ | DFSA, SEC |
| Platforms | MT4, MT5, Proprietary Mobile | Proprietary Web, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Sarwa offers lower spreads (0 pips).
See full side-by-side comparison belowXM
WinnerSarwa
XM
Sarwa
Lower feesXM holds licences from ASIC, FCA, CySEC. Sarwa is regulated by SEC, DFSA.
Both brokers offer access to Stocks markets. XM additionally covers Forex, Cfd, Indices, Commodities. Sarwa adds Etf, Crypto.
On spreads, Sarwa is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. Sarwa offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Sarwa sets a minimum deposit of $500. Both are suitable for traders with moderate starting capital.
BrokerRank scores XM at 3.92/5 and Sarwa at 3.34/5, 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…
Sarwa
3.3/5
Choose Sarwa if you want…
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs Sarwa's 3.3/5. 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 Sarwa starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Sarwa requires $500.
XM is regulated by CySEC, ASIC, FCA, while Sarwa holds licences from DFSA, SEC.
XM supports MT4, MT5, Proprietary Mobile. Sarwa supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.