Written by ForexBrokers.com
In this head to head comparison of XM Group vs FXGT.com, 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.
Founded in 2009, XM Group is a well-regarded online broker that maintains a strong regulatory standing with four Tier-1 and one Tier-2 license. These licenses are important as they signify a high level of trust and reliability. XM Group earns a Trust Score of 93 from ForexBrokers.com, placing it in the "highly trusted" category. It is not affiliated with any bank, nor is it publicly traded, ensuring its operations focus solely on online brokerage services.
In contrast, FXGT.com, established in 2019, holds one Tier-1 and one Tier-2 license, indicating a moderate level of trustworthiness. With a ForexBrokers.com Trust Score of 69, this broker falls into the "high risk" category, highlighting potential concerns for users aiming for security and dependability. Like XM Group, FXGT.com is also not publicly traded and is not associated with any banking institutions. Both companies offer online trading services but differ significantly in their regulatory trust and market history.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When considering commissions and fees for online brokers, XM Group and FXGT.com offer distinct features. XM Group provides a standard account with relatively high spreads and does not disclose average spreads for its commission-based XM Zero account, earning a 4-star rating for commissions and fees. In the rankings, XM Group holds the 33rd position out of 63 brokers according to ForexBrokers.com.
On the other hand, FXGT.com does not share average spread data, which can make it challenging for traders to understand potential costs fully. This limitation leads to a slightly lower rating of 3.5 stars. Among the 63 brokers evaluated by ForexBrokers.com, FXGT.com is ranked at #56 for commissions and fees.
Both brokers have unique approaches to pricing, affecting how costs can be anticipated by traders. While XM Group benefits from a higher star rating and better ranking, potential users should carefully consider their specific trading needs and cost structures when deciding which broker offers the most suitable terms.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $5 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing XM Group and FXGT.com, traders will find distinct differences in the variety and scope of available investments. XM Group shines with an extensive offering of 1,394 tradeable symbols, including 55 forex pairs. They provide access to a broad range of international and U.S. exchange-traded securities, allowing investors to purchase popular stocks like Apple and Vodafone directly, rather than through CFDs. Despite both brokers providing forex trading as CFDs, XM Group's richer assortment of tradeable symbols and direct stock purchasing options highlight its more versatile investment environment.
While both XM Group and FXGT.com support copy trading and cryptocurrency derivatives, neither platform currently offers the option to buy actual cryptocurrencies. FXGT.com, with its 117 tradeable symbols and 53 forex pairs, offers a more limited range compared to XM Group. In terms of ratings and rankings, XM Group holds a higher position with a 4.5-star rating for its range of investments, securing the 24th spot out of 63 brokers as per ForexBrokers.com. FXGT.com, on the other hand, is rated 3 stars and ranks 61st, indicating a more moderate breadth in investment offerings.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 117 |
| Forex Pairs (Total) | 55 | 53 |
| 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). | 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.
Both XM Group and FXGT.com provide traders with similar platform features, including access to popular trading platforms like MetaTrader 4 and MetaTrader 5. Each broker supports simulated trading through free virtual demo accounts, making them well-suited for beginners who wish to practice their skills without financial risk. While neither broker offers a proprietary trading platform, both provide Windows-based and web-based platforms, allowing for flexible trading options. Additionally, both offer the possibility to engage in copy trading, enhancing the trading experience for those interested in mimicking successful strategies.
When it comes to charting tools, XM Group offers 15 drawing tools, which is fewer than the 23 provided by FXGT.com. However, both allow trading directly from stock charts, enhancing users' ability to act quickly on market data. For watch lists, XM Group shines with 7 customizable columns, compared to FXGT.com's 5. Rated at 4 stars for trading platforms and tools, both brokers offer strong offerings, but XM Group holds a higher position in the ForexBrokers.com rankings, sitting at #32 compared to FXGT.com's #56 out of 63 brokers. This distinction may influence a trader's choice, especially for those prioritizing ranking and watch list customization in their trading tool suite.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and FXGT.com provide comprehensive mobile trading apps available for iPhone and Android users. These apps are equipped with vital features for stock and forex traders, such as price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Moreover, each platform offers 30 technical studies for charting, allowing for detailed technical analysis directly from the mobile app. Traders can easily switch between different time frames, such as daily, weekly, or intraday, while creating watchlists with real-time quotes.
When it comes to unique app features, FXGT.com stands out by automatically saving drawings on charts, a feature not available with XM Group. However, XM Group is rated slightly higher at 4 stars compared to FXGT.com's 3.5 stars in the mobile trading app category. According to ForexBrokers.com, XM Group is ranked 30th, while FXGT.com is placed at 58th among 63 brokers. These rankings reflect the overall user experience and functionality of each mobile app, helping traders choose the best option for their trading needs.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, XM Group provides a comprehensive array of tools and resources, making it a top choice for traders. They offer daily market commentary and provide forex news from reputable sources like Bloomberg and Reuters. Additionally, XM Group users have access to Trading Central's technical analysis tools and a sentiment-based trading tool that highlights trader positions. To keep traders informed of global financial events, XM Group also offers an economic calendar. Their commitment to research excellence has earned them a 5-star rating and an impressive rank of #8 out of 63 brokers on ForexBrokers.com.
On the other hand, FXGT.com lacks some of the advanced research features that XM Group offers. Although they provide a sentiment-based trading tool and an economic calendar, FXGT.com does not offer daily market commentary or forex news from top-tier sources. They also do not include tools from Autochartist or Trading Central. FXGT.com's market research services are rated 3 stars, placing them at #56 out of 63 brokers for research by ForexBrokers.com. For traders who prioritize comprehensive market research, XM Group appears to be the more favorable option between the two brokers.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners in the world of forex and CFDs, understanding the educational resources offered by online brokers is crucial. XM Group excels in this area by providing a comprehensive suite of educational resources. They offer over ten educational pieces tailored to forex and CFDs, ensuring new traders have access to valuable learning materials. Their commitment extends to organizing monthly webinars and maintaining a searchable archive of past sessions. Beginners benefit significantly from XM Group’s extensive video library, featuring over ten beginner-focused videos, as well as advanced content for those looking to deepen their expertise. Although XM Group lacks an investor dictionary, its robust educational offerings have earned it a 5-star education rating, placing it 7th out of 63 brokers ranked by ForexBrokers.com.
In contrast, FXGT.com offers a more limited educational experience. While it includes an investor dictionary with definitions for over 50 investing terms, FXGT.com falls short in offering a variety of educational pieces focused on forex and CFDs. The absence of regular webinars, archived sessions, and a substantial video library for both beginners and advanced traders leaves FXGT.com less equipped to support new traders in their learning journey. Due to these limitations, FXGT.com receives a 3-star education rating and ranks 60th out of 63 brokers according to ForexBrokers.com. For those prioritizing educational resources, XM Group stands out as the more supportive option for beginners.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. XM Group finished with an overall rank of #17, while FXGT.com finished with an overall rank of #59.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 69 |
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Both XM Group and FXGT.com do not offer the ability to buy actual, delivered cryptocurrency; however, they both provide options to trade cryptocurrency derivatives.
XM Group lacks ACH and SEPA transfer options but supports Skrill, Visa, Mastercard, and bank wires, whereas FXGT.com provides ACH and SEPA transfers, Visa, Mastercard, and bank wires, without offering Skrill or PayPal at either platform.
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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | FXGT.com | |
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| Regulation | XM Group | FXGT.com | |
|---|---|---|---|
| Trust Score | 93 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XM Group | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | XM Group | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 117 | |
| Forex Pairs (Total) | 55 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $5 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | XM Group | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 93 | 69 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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