XM
Upbit
VS
Higher Rated
XM
Capital at risk · T&Cs apply
Choosing between XM and Upbit depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while Upbit operates from Seoul, South Korea. XM has the longer track record, established in 2009, compared to Upbit 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
Upbit
XM is the better choice overall, scoring 3.9/5 vs 3.2/5 on BrokerRank's independent rating. On fees, Upbit offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
XM
3.9 vs 3.2
Lowest Fees
Upbit
0.6 vs 0 pips
Regulation
XM
3 vs 2 licences
Min. Deposit
Upbit
$5 vs $0
XM
WinnerUpbit
XM
Upbit
XM holds licences from ASIC, FCA, CySEC. Upbit is regulated by MAS, FSC.
XM additionally covers Forex, Cfd, Stocks, Indices, Commodities. Upbit adds Crypto.
On spreads, Upbit is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. Upbit offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
XM requires a minimum deposit of $5, while Upbit sets no minimum deposit. This makes Upbit accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and Upbit at 3.18/5, 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 Upbit'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 Upbit starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Upbit requires $0.
XM is regulated by CySEC, ASIC, FCA, while Upbit holds licences from FSC, MAS.
XM supports MT4, MT5, Proprietary Mobile. Upbit 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.
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.