Written by ForexBrokers.com
In this head to head comparison of XM Group vs FxPro, 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 and the 2006-established FxPro stand as respected players in the online brokerage landscape. XM Group holds an impressive four Tier-1 licenses, alongside one Tier-2 license. However, it is not publicly traded and does not function as a bank. With a Trust Score of 88 from ForexBrokers.com, XM Group is classified as trusted, reflecting confidence in its operations despite not being the top-rated broker in this comparison.
On the other hand, FxPro, established in 2006, is unique as it operates both as a brokerage and a bank, which offers an added layer of security for clients. While also not publicly traded, FxPro holds two Tier-1 and one Tier-2 licenses, earning a higher Trust Score of 93. This positions FxPro in a more favorable light, suggesting a strong level of trustworthiness and reliability in the eyes of ForexBrokers.com.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Year Founded | 2009 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of XM Group and FxPro, both brokers receive a 4-star rating, indicating they are well-regarded in this area. However, XM Group is ranked #33 among 62 brokers, while FxPro slightly edges ahead at #32. XM Group's Standard account spreads are considered expensive, and it doesn’t publish average spreads for its commission-based XM Zero account, potentially limiting transparency for traders seeking detailed pricing information.
On the other hand, FxPro's pricing stands out as higher than the industry average. This may pose a challenge for the broker when compared to other top players like Pepperstone and IC Markets, which also offer the full MetaTrader and cTrader platforms. FxPro provides variable and fixed spreads on its MT4 offering, with the variable spreads offering two execution options: instant, which may result in requotes, and market, which can experience slippage but operates without requotes.
Particularly on FxPro’s cTrader platform, traders can benefit from competitive spreads featuring commission-based pricing. For example, the effective spread for the EUR/USD pair on this platform is approximately 1.27 pips, combining an average spread of 0.37 pips and a 0.9 pip commission-equivalent. While FxPro's floating-rate model offers a EUR/USD spread of 1.58 pips on MT4 and 1.51 pips on MT5, it's noteworthy that there is no fixed-spread option on MT5, with only market execution being available.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.51 |
| All-in Cost EUR/USD - Active | 0.8 | 1.27 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the world of online trading, XM Group and FxPro stand as prominent platforms, each offering a wealth of investment opportunities. XM Group, boasting a selection of 1,394 tradable symbols, provides investors with diverse options including 55 forex pairs. What distinguishes XM Group is the availability of both U.S. and international exchange-traded securities, allowing clients to purchase company shares like Apple and Vodafone. This flexibility, along with the provision for forex as a CFD or spot contract, appeals to a wide range of investors. Furthermore, XM Group supports copy trading and cryptocurrency derivatives, positioning it as a favored choice with a 4.5-star rating in the Range of Investments category, where it ranks 23rd out of 62 brokers.
FxPro, on the other hand, offers an impressive total of 2,249 tradable symbols, including 70 forex pairs, making it a strong competitor in the forex market. While FxPro does not provide access to U.S. exchange-traded securities, its offerings in international exchanges and forex as a CFD or spot contract make it a solid choice for global investors. Additionally, FxPro supports both copy trading and cryptocurrency derivatives. Earning a 4-star rating and ranking 28th in the Range of Investments category, FxPro presents a comprehensive trading experience that caters to diverse investment preferences.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 2249 |
| Forex Pairs (Total) | 55 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 FxPro cater to traders looking for comprehensive trading platforms, ensuring a solid foundation with their free demo accounts. While XM Group utilizes third-party solutions, FxPro distinguishes itself with a proprietary platform, offering clients a tailored trading experience. Both brokers support MetaTrader 4 and 5, alongside web-based and Windows desktop platforms, making them accessible no matter where or how you trade. Additionally, both provide copy trading, accommodating those who prefer to mirror successful strategies.
In terms of tools, both brokers excel with the ability to trade directly from charts, although FxPro takes the lead with a greater variety of drawing tools—25 compared to XM Group's 15. When assessing watch list customization, XM Group offers more fields, allowing seven customizable columns, while FxPro offers six. Despite both brokers receiving a four-star rating for their trading platforms and tools, FxPro holds a higher rank on ForexBrokers.com, standing at #17 out of 62 brokers, compared to XM Group's #31. This ranking may give a slight edge to FxPro if prioritizing tool variety and customization.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 53 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and FxPro offer iPhone and Android apps that cater to the mobile trading needs of forex and stock traders. These apps provide essential features such as price alerts and watchlist symbol syncing, ensuring a seamless trading experience across devices. Users can make changes on either platform and enjoy synchronized updates. When it comes to charting tools, XM Group offers 30 technical studies, while FxPro provides a more extensive selection with 65 studies, allowing for more detailed analysis. Both platforms support trendline drawing and multiple time frame viewing, but FxPro takes a step further with the ability to auto-save chart drawings, enhancing the user experience.
In terms of watchlist management, both apps allow traders to create watchlists with real-time quotes, providing up-to-the-minute market information. Looking at user satisfaction, XM Group earns a solid 4-star rating, while FxPro edges out slightly ahead with a 4.5-star rating for their mobile trading app. According to ForexBrokers.com, in the Mobile Trading Apps category, XM Group holds the 29th position out of 62 brokers, whereas FxPro is ranked higher at 15th. These rankings reflect the slight advantages FxPro holds in terms of features and user satisfaction, making it a preferred choice for some traders seeking enhanced functionality in a mobile trading platform.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| 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 FxPro, both brokers provide a comprehensive suite of tools for traders. Investors can expect daily market commentary from each platform, accompanied by forex news sourced from highly regarded outlets like Bloomberg and Reuters. For those interested in technical analysis, both brokers offer resources from Trading Central, which is highly valued by market participants. Additionally, both platforms provide a sentiment-based trading tool that helps users gain insights into market positions. However, neither XM Group nor FxPro offers tools from Autochartist, TipRanks, or Acuity Trading, leaving some areas less explored.
In terms of navigating economic factors, both brokers furnish users with an economic calendar, detailing significant global events. Despite their similarities, XM Group appears to have a competitive edge, leveraging its market research tools to earn a top-tier rating of 5 stars, ranking it 8th among 62 brokers according to ForexBrokers.com. On the other hand, FxPro holds a 4-star research rating and is positioned 26th. While both provide a strong foundation for informed trading, XM Group seems to offer a slightly more enhanced research experience.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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.
When it comes to educational resources, both XM Group and FxPro provide a wealth of materials for beginners entering the world of forex and CFDs. Both brokers offer more than ten educational pieces, ensuring that newcomers have access to a variety of learning tools including articles, videos, and archived webinars. However, XM Group sets itself apart with its monthly online educational webinars, a feature FxPro does not offer. Not only does XM present these live sessions, but it also maintains an archive that users can explore at their convenience, a feature both brokers share.
In terms of video content, XM Group and FxPro provide a solid selection of beginner-focused educational videos. Yet, XM Group goes further by offering advanced video content for more experienced traders, filling a gap where FxPro does not. While FxPro excels with an investor dictionary featuring over 50 trading terms, it ranks slightly lower overall in educational resources compared to XM Group. XM’s careful attention to providing a comprehensive learning experience earns it a 5-star rating, while FxPro follows with 4 stars. According to ForexBrokers.com, XM Group stands at #7 among 62 brokers for education, significantly ahead of FxPro, which is positioned at #18.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than FxPro. XM Group finished with an overall rank of #17, while FxPro finished with an overall rank of #21.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 88 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both XM Group and FxPro do not provide the service of purchasing actual delivered cryptocurrencies, but they do offer the option to trade cryptocurrency derivatives.
When comparing online brokers XM Group and FxPro, it's important to note that XM Group does not support ACH, SEPA transfers, or PayPal for fund transactions, while FxPro offers all these options; both brokers, however, provide Skrill, Visa, Mastercard, and bank wire services for deposits and withdrawals.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XM Group | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
| Broker Screenshots | XM Group | FxPro | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | XM Group | FxPro | |
|---|---|---|---|
| Trust Score | 88 | 93 | |
| Year Founded | 2009 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 2249 | |
| Forex Pairs (Total) | 55 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.8 | 1.27 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FxPro | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | FxPro | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 53 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | XM Group | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill