Is FOREX.com better than XM Group? In our analysis of 23 international regulators across 39 brokers, FOREX.com is considered low-risk, with an overall Trust Score of 99 out of 99. XM Group is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.
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FOREX.com vs XM Group 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | FOREX.com | XM Group |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 90 |
| FOREX.com Review | XM Group Review | |
| 80% of retail CFD accounts lose money | 73% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | FOREX.com | XM Group |
| Trust Score | 99 | 90 |
|
Year Founded |
1999 | 2009 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
4 | 3 |
|
Tier-2 Licenses |
1 | 2 |
|
Tier-3 Licenses |
1 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | FOREX.com | XM Group |
|
ASIC Authorised (Australia) |
No | Yes |
|
IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | Yes |
Tier-2 Licenses (Average Trust)
| Feature | FOREX.com | XM Group |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | Yes |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | FOREX.com | XM Group |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | Yes |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | FOREX.com | XM Group |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
5500 | 1372 |
|
Forex Pairs (Total) |
91 | 57 |
|
US Stock Trading (Non CFD) |
No | Yes |
|
Int'l Stock Trading (Non CFD) |
No | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
| Crypto Disclaimer (UK) | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost
| Feature | FOREX.com | XM Group |
|
Average Spread EUR/USD - Standard |
1.1 (US August 2021) | 1.6 (Aug 2020) |
|
All-in Cost EUR/USD - Active |
1.1 (August 2021) | 0.8 (Aug 2021) |
|
Active Trader or VIP Discounts |
Yes | No |
|
Execution: Agency Broker |
No | No |
|
Execution: Market Maker |
Yes | Yes |
Funding
| Feature | FOREX.com | XM Group |
|
Minimum Deposit |
$100.00 | $5 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | No |
|
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | FOREX.com | XM Group |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes |
|
MetaTrader 5 (MT5) |
Yes | Yes |
|
cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | FOREX.com | XM Group |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
18 | 7 |
|
Charting - Indicators / Studies (Total) |
139 | 30 |
|
Charting - Drawing Tools (Total) |
25 | 15 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
Mobile Trading
| Feature | FOREX.com | XM Group |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
88 | 30 |
|
Charting - Draw Trendlines |
Yes | Yes |
|
Charting - Trendlines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | Yes |
Research
| Feature | FOREX.com | XM Group |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Autochartist |
No | Yes |
|
Trading Central (Recognia) |
Yes | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | Yes |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | FOREX.com | XM Group |
|
Has Education - Forex or CFDs |
Yes | Yes |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | No |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
No | Yes |
|
Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | FOREX.com | XM Group |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | FOREX.com | XM Group |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 90 |
| FOREX.com Review | XM Group Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FOREX.com vs XM Group.
Does FOREX.com or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FOREX.com offers better pricing overall for traders.
Is FOREX.com or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FOREX.com holds 4 global Tier-1 licenses, while XM Group holds 3. XM Group holds 2 global Tier-2 licenses, while FOREX.com holds 1. In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than XM Group.
Which trading platform is better: FOREX.com or XM Group?
To compare the trading platforms of both FOREX.com and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FOREX.com offers a better experience. With research, XM Group offers superior market research. Finally, we found FOREX.com to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While XM Group offers copy trading, FOREX.com does not. Both FOREX.com and XM Group offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, FOREX.com offers traders access to 5500 CFDs while XM Group has 1372 available CFDs, a difference of 4,128.
Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).
Is FOREX.com good?
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
Overall winner: FOREX.com
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
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