XM
SBI Securities
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and SBI Securities depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while SBI Securities operates from Tokyo, Japan. SBI Securities has the longer track record, established in 1944, 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
SBI Securities
XM is the better choice overall, scoring 3.9/5 vs 3.2/5 on BrokerRank's independent rating. On fees, SBI Securities offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
XM
3.9 vs 3.2
Lowest Fees
SBI Securities
0.6 vs 0 pips
Regulation
XM
3 vs 1 licences
Min. Deposit
SBI Securities
$5 vs $0
XM
SBI Securities
XM
SBI Securities
Lower feesXM holds licences from ASIC, FCA, CySEC. SBI Securities is regulated by FSA.
Both brokers offer access to Stocks, Indices markets. XM additionally covers Forex, Cfd, Commodities. SBI Securities adds Etf, Crypto.
On spreads, SBI Securities is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. SBI Securities offers Proprietary Web, Proprietary Mobile, HyperSBI 2. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while SBI Securities sets no minimum deposit. This makes SBI Securities accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and SBI Securities at 3.21/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a clear advantage.
XM scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs SBI Securities's 3.2/5. 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 SBI Securities starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. SBI Securities requires $0.
XM is regulated by CySEC, ASIC, FCA, while SBI Securities holds licences from FSA.
XM supports MT4, MT5, Proprietary Mobile. SBI Securities supports Proprietary Web, Proprietary Mobile, HyperSBI 2.
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.