Written by ForexBrokers.com
In this head to head comparison of XM Group vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When choosing between online brokers, it's important to consider their trustworthiness and regulatory standing. XM Group, founded in 2009, holds four Tier-1 licenses, making it highly regarded in terms of regulatory safety. It has an impressive Trust Score of 88 out of 99 from ForexBrokers.com, placing it in the "trusted" category. Although it is neither publicly traded nor a bank, XM Group’s possession of a Tier-2 license further adds to its credibility in the trading community.
On the other hand, FXOpen, established in 2003, holds two Tier-1 licenses and no Tier-2 licenses, which positions it as "average risk" with a Trust Score of 76. Like XM Group, FXOpen is not a publicly traded company or a bank. Both brokers offer distinct advantages depending on what you're looking for, but if regulatory trustworthiness is a top priority, XM Group's higher number of Tier-1 licenses and Trust Score might make it a more attractive choice.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers XM Group and FXOpen, there are notable differences to consider. XM Group's standard account is known for its expensive spreads, while no average spread data is published for its commission-based XM Zero account. Despite this, XM Group receives a commendable 4-star rating for its commissions and fees. Among 63 brokers, ForexBrokers.com ranks XM Group at #33 in the Commissions and Fees category.
FXOpen, on the other hand, does not provide average spread data for its accounts. However, like XM Group, FXOpen also earns a 4-star rating for its commissions and fees, indicating competitive pricing in the industry. According to ForexBrokers.com, FXOpen is ranked at #45 among 63 brokers for the Commissions and Fees category.
Both XM Group and FXOpen achieve a satisfactory 4-star rating for their commission structures, yet they are positioned differently in the ranks. XM Group's higher ranking at #33 suggests a slightly more favorable evaluation compared to FXOpen's placement at #45, highlighting a subtle variance in their fee competitiveness in the market.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at XM Group and FXOpen, XM Group stands out with a more extensive selection. They provide 1,394 tradeable symbols, significantly outshining FXOpen's 87. For those interested in forex trading, XM Group offers 55 tradeable forex pairs compared to FXOpen's 25. Both brokers offer forex trading as CFDs or spot contracts, and they also support cryptocurrency derivatives, making them a viable option for forex and crypto traders alike.
In terms of exchange-traded securities, XM Group offers a compelling advantage. They allow clients to buy shares on both U.S. and international exchanges, such as Apple's NASDAQ-listed shares or Vodafone on the London Stock Exchange. In contrast, FXOpen does not provide direct access to exchange-traded securities on these markets. Both brokers support copy trading, enhancing their investment offerings. XM Group's broad range of investments is reflected in its 4.5-star rating for investment diversity, standing at #23 among 63 brokers on ForexBrokers.com, while FXOpen holds a 3-star rating and ranks #62 in the same category.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 87 |
| Forex Pairs (Total) | 55 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by XM Group and FXOpen, both brokers provide a range of similar features, accommodating traders of all levels. Both brokers offer demo accounts for simulated trading, ensuring users can practice before committing real funds. They align by utilizing popular third-party platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and supporting Windows desktop and web-based platforms. For those interested in copy trading, both XM Group and FXOpen offer this feature, although FXOpen further distinguishes itself by integrating ZuluTrade. Both brokers provide 15 drawing tools for charting, allow trading directly from stock charts, and offer watch lists with seven fields.
Despite these similarities, there are some differences in their service profiles. While both brokers earn four-star ratings for their trading platforms and tools, they diverge in their ForexBrokers.com rankings. XM Group holds a higher place at #31 compared to FXOpen at #53 among 63 brokers. This might suggest XM Group's slight advantage in overall performance or satisfaction in this category. Neither broker uses a proprietary platform or supports DupliTrade, emphasizing their reliance on established trading solutions. With such offerings, both XM Group and FXOpen provide quality trading experiences, allowing traders to choose based on personal preferences for added features like ZuluTrade or higher-rated offerings.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XM Group and FXOpen, both are available on iPhone and Android, supporting stock and forex price alerts. XM Group sets itself apart with the ability to sync watchlists between the app and the client's online account, which FXOpen lacks. Both platforms feature 30 technical studies for charting and allow for the drawing of trendlines across various time frames like daily and intraday views. However, neither app offers auto-saving for chart drawings. Both apps enable the creation of watchlists with real-time quotes.
In terms of user satisfaction, both XM Group and FXOpen receive a 4-star rating for their mobile trading apps. However, XM Group is ranked higher, securing the #29 spot among 63 brokers on ForexBrokers.com, whereas FXOpen trails behind at #54. Whether you prioritize syncing capabilities or seek standard features like price alerts and trendline drawing, both platforms offer reliable options for mobile trading enthusiasts.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both XM Group and FXOpen provide daily market commentary and offer forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. However, they diverge in their offerings of specialized research tools and analysis. While XM Group includes access to Trading Central for advanced technical analytics, FXOpen does not. Moreover, XM Group provides a sentiment-based trading tool, giving traders insight into the ratio of long and short positions across different currency pairs, a feature FXOpen lacks. Both brokers offer an economic calendar for tracking global news events, helping traders stay informed about economic developments.
Overall, XM Group outshines FXOpen in the research domain, earning a commendable 5-star rating from industry evaluators. Their higher rank of #8 out of 63 brokers on ForexBrokers.com highlights their edge in offering robust research tools and resources. In contrast, FXOpen receives a 3-star rating and ranks last, at #63. Traders prioritizing research and analysis tools might find XM Group's offerings more aligned with their needs for comprehensive market insight.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners in online trading, XM Group stands out with a comprehensive array of options, while FXOpen offers more limited resources. XM Group offers over ten educational materials, including articles, videos, and archived webinars focused on forex and CFD trading. Additionally, XM Group hosts at least one online educational webinar each month and maintains a searchable archive for past webinars. For those just starting, XM Group provides more than ten beginner-focused videos on trading, alongside advanced lessons for experienced traders. In contrast, FXOpen does not offer the same variety, lacking the minimum educational resources required and not hosting regular webinars or archiving them for future learning.
FXOpen does, however, provide an investor dictionary with definitions for over 50 investing terms, which XM Group does not offer. Despite this, XM Group's broad educational offerings earn it a top-tier educational rating of five stars, placing it as the seventh-ranked broker in the Education category among 63 brokers. FXOpen, with its more limited educational materials, receives a three-star rating and is ranked 58th in the same category. Beginners might find XM Group’s resources more supportive for embarking on their trading journey.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than FXOpen. XM Group finished with an overall rank of #17, while FXOpen finished with an overall rank of #54.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 76 |
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Both XM Group and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Both XM Group and FXOpen offer Skrill, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but neither broker supports ACH, SEPA transfers, or PayPal as available transaction methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | XM Group | FXOpen | |
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| Trust Score | 88 | 76 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | FXOpen | |
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| Regulation | XM Group | FXOpen | |
|---|---|---|---|
| Trust Score | 88 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XM Group | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 87 | |
| Forex Pairs (Total) | 55 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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 | XM Group | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XM Group | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | FXOpen | |
|---|---|---|---|
| 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 | |
| Review | XM Group Review |
| Overall | XM Group | FXOpen | |
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| Trust Score | 88 | 76 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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