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.
XM Group and FXGT.com are both established online brokers, serving traders with a diverse range of offerings. Founded in 2009, XM Group has built its reputation with four Tier-1 licenses and one Tier-2 license, categorizing it as a trusted broker as per ForexBrokers.com. It boasts a Trust Score of 88, indicating a high level of confidence among its user base. However, XM Group is not publicly traded and does not operate as a bank, which is shared with FXGT.com, a broker that entered the market more recently in 2019.
FXGT.com holds one Tier-1 license and one Tier-2 license, with a ForexBrokers.com Trust Score of 69, placing it in the high-risk category. Despite both brokers not being publicly traded or banks, XM Group appears more established in regulatory standings against FXGT.com. Traders prioritizing regulatory oversight might lean towards XM Group due to its higher Trust Score and multiple Tier-1 licenses, reflecting broader and deeper regulatory oversight.
| 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 the range of investment options between XM Group and FXGT.com, notable differences emerge. XM Group offers a vast selection of 1,394 tradeable symbols and 55 forex pairs, providing investors with plenty of opportunities across various asset types. In contrast, FXGT.com offers significantly fewer options, with 117 tradeable symbols and 53 forex pairs. Moreover, XM Group stands out by allowing clients to invest in exchange-traded securities on both U.S. and international exchanges, a feature FXGT.com does not offer. For copy trading enthusiasts, both platforms provide this feature, though neither offers the ability to purchase actual cryptocurrencies directly, focusing instead on cryptocurrency derivatives.
In terms of user ratings, XM Group scores a commendable 4.5 stars for its range of investments, ranking 23rd out of 63 brokers, highlighting its comprehensive offering. FXGT.com, however, receives a lower rating of 3 stars and ranks 61st, reflecting its more limited selection. These differences underscore XM Group's broader investment appeal, especially for those interested in a wider variety of tradeable symbols and the ability to invest directly in global stock markets, an advantage for investors seeking diverse exposure.
| 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.
XM Group and FXGT.com both excel in providing traders with comprehensive online trading platforms. Both brokers offer free virtual demo accounts, enabling users to practice and hone their skills without financial risk. Despite neither broker having their own proprietary platform, they both support widely-used trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on Windows desktop and web-based formats. Furthermore, both XM Group and FXGT.com facilitate copy trading, which allows traders to replicate the trades of more seasoned investors, potentially speeding up the learning curve.
When delving deeper into charting tools, FXGT.com stands out with 23 drawing tools compared to XM Group's 15. Despite this difference, both companies allow traders to execute transactions directly from stock charts, a feature cherished by many. The watch list capabilities slightly favor XM Group, providing seven columns versus FXGT.com's five. Both brokers have earned a four-star rating for their trading platforms and tools, yet differ in industry rankings with XM Group positioned at #31 and FXGT.com at #56 out of 63 brokers on ForexBrokers.com. This ranking difference reflects minor distinctions in their overall offerings in trading platforms and tools.
| 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.
When it comes to mobile trading apps, both XM Group and FXGT.com provide a solid experience for traders using iPhone or Android devices. Each platform allows you to receive stock or forex price alerts and sync your watchlist symbols between mobile and online accounts seamlessly. With 30 technical studies available for chart analysis, users on both apps can also draw trendlines and view different time frames like daily, weekly, or intraday. However, there's a notable difference in how these apps handle drawings on charts. While XM Group's app does not auto-save your annotations, FXGT.com offers this feature, providing additional convenience.
Creating a watchlist with real-time quotes is straightforward on both apps, but user ratings and rankings tell a slightly different story. XM Group's mobile trading app is rated at 4 stars out of five, positioning it at #29 among 63 brokers on ForexBrokers.com. In contrast, FXGT.com’s app holds a 3.5-star rating, placing it at #58 in the same ranking. This suggests that while both apps offer similar features, XM Group might have a slight edge in user satisfaction.
| 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 comparing the market research offerings of XM Group and FXGT.com, XM Group clearly excels. XM Group provides valuable daily market commentary and offers forex news from prestigious sources such as Bloomberg and Reuters. Additionally, they supply technical analysis tools from Trading Central and offer a sentiment-based trading tool for insights into market positions. FXGT.com, on the other hand, does not provide daily market commentary or forex news from top-tier sources, and lacks tools from Autochartist and Trading Central. However, like XM Group, FXGT.com provides a sentiment-based trading tool and an economic calendar to keep traders informed about global news events.
In terms of research ratings, XM Group stands out with a perfect 5-star rating, ranking 8th out of 63 brokers evaluated by ForexBrokers.com. This spotlight reflects their comprehensive market research tools and the depth of information provided. Conversely, FXGT.com receives a more modest 3-star rating, placing 56th in the same ranking. It's evident that while both brokers offer economic calendars and sentiment tools, XM Group's inclusion of high-quality news sources and advanced analysis tools significantly enhances its research capabilities over FXGT.com.
| 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 | 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 | 88 | 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 | 88 | 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 | 88 | 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 | 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | 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 | 88 | 69 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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