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XM Group vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1394
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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.

Regulation

XM Group, founded in 2009, and FXOpen, established in 2003, are both respected online brokers with a focus on forex trading. Neither company is publicly traded or operates as a bank, which means they aren't listed on any stock exchange. When it comes to trustworthiness, XM Group shines with a ForexBrokers.com Trust Score of 93 out of 99, placing it in the highly trusted category. This is supported by their impressive collection of 4 Tier-1 licenses and 1 Tier-2 license. FXOpen, on the other hand, holds a Trust Score of 76, indicative of an average risk rating. They maintain 2 Tier-1 licenses but do not have any Tier-2 licenses.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Year Founded info 2009 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

XM Group and FXOpen both earn 4 out of 5 stars for commissions and fees from ForexBrokers.com. In the category ranking of 63 brokers, XM Group is placed at #34, while FXOpen ranks #45, indicating a stronger placement for XM Group despite similar star ratings.

For XM Group, Standard account spreads are expensive. If you’re looking at the commission-based XM Zero account, keep in mind that average spreads are not published, which can make it harder to estimate typical trading costs.

FXOpen also lacks published average spread data. Without that information, assessing day-to-day pricing and comparing total costs to other brokers is more difficult, even though its overall commissions-and-fees rating stands at 4 stars and its category rank is #45 out of 63.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Minimum Deposit info $5 $100
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

XM Group and FXOpen both let you trade forex as CFDs or spot contracts. XM Group stands out on sheer choice, with 1,394 tradeable symbols and 55 forex pairs, compared with FXOpen’s 87 symbols and 25 pairs. XM also offers real exchange-traded stocks on U.S. exchanges (such as Apple) and on international exchanges (such as Vodafone), while FXOpen does not provide real share dealing.

Both brokers support copy trading. Neither lets you buy and own real cryptocurrency, but each offers cryptocurrency derivatives. For range of investments, ForexBrokers.com rates XM Group at 4.5 out of 5 stars (ranked 25th of 63 brokers) and FXOpen at 3 out of 5 stars (ranked 63rd). If you want the widest selection plus access to actual shares, XM Group has the edge; if you only need a lean lineup with copy trading and crypto derivatives, FXOpen can still fit.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 87
Forex Pairs (Total) info 55 25
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

XM Group and FXOpen both stick to the popular MetaTrader suite rather than building their own platforms. You’ll get MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Windows desktop and in your browser, plus free demo accounts for practice. Both brokers support copy trading and let you place orders directly from charts. Each offers 15 drawing tools for charting and seven watchlist columns to tailor your layout. DupliTrade isn’t available at either broker, but FXOpen adds ZuluTrade support, while XM Group does not.

In ForexBrokers.com’s Trading Platforms and Tools ratings, both XM Group and FXOpen earn 4 out of 5 stars. XM Group ranks #33 out of 63 brokers in this category, while FXOpen ranks #54. If you want MetaTrader with web and desktop access, paper trading, and copy-trading features, both are solid picks—choose FXOpen if ZuluTrade is a must-have, or XM Group if a higher category ranking matters to you.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

XM Group and FXOpen both offer mobile trading apps for iPhone and Android, complete with price alerts and real-time quote watchlists. Charting is comparable: each app includes 30 technical studies, lets you draw trendlines, and switch between multiple time frames. One key difference is watchlist syncing. XM Group syncs your symbols between the mobile app and your online account, while FXOpen does not. Note that neither app auto-saves chart drawings.

Both apps earn 4 stars for mobile trading, but their standings differ in ForexBrokers.com’s rankings: XM Group is placed 31st out of 63 brokers, while FXOpen sits at 55th. If keeping watchlists synced across devices matters to you, XM Group has the edge. If you mainly want price alerts and solid charting tools on iPhone or Android, both apps deliver a similar experience.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

XM Group and FXOpen both cover the essentials for market research, including daily market commentary, an economic calendar, and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Where they diverge is depth: XM adds Trading Central for technical and fundamental insights and offers a handy sentiment tool that shows the ratio of long vs. short positions. Neither broker includes Autochartist, and XM does not provide TipRanks or Acuity Trading tools.

Independent ratings reflect this gap. XM Group earns 5 stars for Research and ranks #8 out of 63 at ForexBrokers.com, while FXOpen is rated 3 stars and ranks #64. If you want more built-in research and trade ideas, XM is the stronger fit; if you only need core news and calendars, FXOpen covers the basics.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

XM Group stands out for beginners who want structured forex and CFD education. It offers a full library of learning content (well over 10 pieces), monthly client webinars, and a searchable archive of past sessions, plus at least 10 beginner videos and 10 advanced videos to guide you from first steps to more complex strategies. Reflecting this depth, XM Group holds a 5-star Education rating and ranks #7 out of 63 brokers for Education on ForexBrokers.com.

FXOpen is more limited for new traders. It doesn’t meet the 10-piece threshold for forex/CFD education, doesn’t run monthly educational webinars, and lacks a webinar archive, as well as collections of at least 10 beginner or advanced videos. However, it does provide an investor dictionary with 50+ terms, which can help with quick definitions. FXOpen is rated 3 stars for Education and ranks #59 out of 63. For most beginners seeking a guided learning path and live sessions, XM Group is the stronger choice, while FXOpen suits those who only need a handy glossary.

Feature XM Group logoXM Group
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoXM Group
FXOpen logoFXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 76
Range of Investments 4.5/5 Stars 3/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or FXOpen?

Both XM Group and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.

What funding options does each broker offer?

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.

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Overall Rating XM Group FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 93 76
Winner check_circle
Review XM Group Review
Broker Screenshots XM Group FXOpen
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
Regulation XM Group FXOpen
Trust Score info 93 76
Year Founded info 2009 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) XM Group FXOpen
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XM Group FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 87
Forex Pairs (Total) info 55 25
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding XM Group FXOpen
Minimum Deposit info $5 $100
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms XM Group FXOpen
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools XM Group FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group FXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Mobile Economic Calendar info Yes Yes
Research XM Group FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs XM Group FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review
Overall XM Group FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 93 76
Winner check_circle
Review XM Group Review
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