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 it comes to commissions and fees, XM Group and FxPro present different structures that cater to various types of traders. XM Group offers a standard account with high spreads, but average spreads for their commission-based XM Zero account remain undisclosed, which may leave traders seeking more transparency. XM Group is awarded 4 out of 5 stars for commissions and fees by ForexBrokers.com, placing them at rank #33 out of 63 brokers in this category.
FxPro also garners a 4-star rating for commissions and fees, ranking slightly better at #32. Although their pricing is considered higher than the industry average, traders have options to potentially mitigate costs. FxPro provides variable or fixed spreads on its MT4 platform, along with instant and market execution models. While variable spreads and market execution may introduce the possibility of slippage, the instant execution prevents it but can lead to requotes. Each model comes with its features and cost implications, particularly notable when considering FxPro's cTrader platform, known for having some of their most competitive spreads.
For more active traders, FxPro's cTrader platform offers a competitive commission-based pricing model, featuring EUR/USD spreads at an effective rate of approximately 1.27 pips. FxPro also offers an Active Trader program, which provides discounts of up to 30%. That said, even with these discounts, the overall value may still be surpassed by programs from top competitors like FOREX.com, IG, and Saxo. Nonetheless, FxPro’s variety of execution methods and trading platforms may appeal to a range of trading preferences.
| 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.
XM Group and FxPro both provide opportunities for forex trading through CFDs or spot contracts, catering to traders keen on this popular market. When it comes to the variety of tradeable symbols, FxPro surpasses XM Group with 2,249 symbols compared to XM's 1,394. For forex pairs, FxPro also offers a broader selection with 70 pairs, while XM Group provides access to 55 pairs. Both brokers support copy trading, enabling users to replicate successful trading strategies, and they offer cryptocurrency derivatives, though not the actual cryptocurrencies themselves.
A notable distinction lies in the availability of exchange-traded securities. XM Group allows clients to buy and hold U.S. stocks like Apple, a feature FxPro does not offer. However, both brokers make international stocks, such as Vodafone, available for trading. XM Group's slightly more comprehensive offerings in investments see it rated at 4.5 stars and ranked 23rd for the range of investments category by ForexBrokers.com, compared to FxPro's 4 stars and 28th place ranking. This positions XM Group as a slightly more versatile choice for those interested in a broader spectrum of investment opportunities.
| 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.
When comparing XM Group and FxPro for their trading platforms and tools, both brokers excel in providing a comprehensive suite of options. XM Group and FxPro offer free virtual demo accounts for simulated trading, ensuring traders can practice risk-free. While XM Group does not have a proprietary trading platform, FxPro stands out by providing one. Both brokers support popular platforms such as MetaTrader 4 and MetaTrader 5, and they also offer Windows-based desktop and web-based platforms. Furthermore, copy trading is available with both brokers, adding another layer of flexibility for users.
In terms of charting, XM Group provides 15 drawing tools, whereas FxPro offers a more extensive selection with 25 tools. Both companies allow trading directly from a stock chart, enhancing the trading experience. For watch lists, XM Group provides seven columns, compared to FxPro’s six. Both brokerages are rated four stars for their trading platforms and tools. Despite the similarities, ForexBrokers.com places FxPro higher in their rankings at #17 out of 63 brokers, while XM Group is positioned at #31, reflecting FxPro’s slight edge in this area.
| 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.
When considering the mobile trading prowess of XM Group and FxPro, both brokers offer comprehensive iPhone and Android apps equipped with essential trading features. Users can receive stock and forex price alerts on both platforms, ensuring they remain updated on market developments. Additionally, both XM Group and FxPro provide watchlist symbol syncing. This feature allows watchlists to be seamlessly synchronized across devices, offering a streamlined trading experience regardless of whether you are on your smartphone or desktop. Furthermore, both apps support drawing trendlines and viewing multiple time frames on charts, although FxPro stands out by offering auto-save for these drawings, a feature not available with XM Group.
In terms of technical studies, FxPro offers a broader selection with 65 options compared to XM Group's 30. Both brokers enable the creation of watchlists with real-time quotes, adding to the convenience for traders on the move. FxPro's app earns slightly higher acclaim, rated at 4.5 stars to XM Group’s 4 stars, reflecting favorable user experiences. In the rankings by ForexBrokers.com, FxPro holds a more prominent position, coming in at #15 out of 63 brokers, while XM Group is placed at #29. For traders prioritizing an extensive range of technical studies and the autosave feature for chart drawings, FxPro offers an edge. However, both brokers deliver solid mobile trading solutions to suit the needs of diverse clients.
| 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.
Both XM Group and FxPro provide their clients with daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. They each offer access to tools from Trading Central, including technical analytics, and offer sentiment-based trading tools that help traders understand market trends based on long and short positions. Additionally, both brokers feature an economic calendar to keep traders informed of global news events. However, neither provides market research from TipRanks or additional tools from Acuity Trading like Signal Centre, nor do they utilize Autochartist's analysis tools.
In the realm of market research, XM Group slightly edges out with a higher rating, receiving 5 out of 5 stars compared to FxPro's 4 out of 5, as per ForexBrokers.com's evaluation. This higher rating translates to XM Group's positioning at number 8 among 63 brokers in the research category, while FxPro is ranked at number 26. This distinction highlights XM Group's stronger research offerings as perceived by industry analysts, making it a preferred choice for those prioritizing research in their trading activities.
| 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.
For newcomers diving into the world of online trading, XM Group and FxPro both present an array of educational resources, yet with some distinctive features. XM Group excels in offering a wealth of educational materials, including more than 10 articles, videos, and archived webinars focusing on forex and CFDs. They provide regular online webinars and maintain an accessible archive of recorded sessions, ensuring that beginners have continuous learning opportunities. Additionally, XM Group caters to both beginners and advanced traders, with dedicated video content for each level, although it lacks an investor dictionary. This comprehensive approach earns XM Group a 5-star rating and a strong #7 ranking for education by ForexBrokers.com.
By contrast, FxPro also supplies over 10 educational pieces but misses out on providing monthly live webinars. However, it offers a searchable archive of past webinars and focuses on beginner-friendly video content, though it falls short in offering advanced trading videos. An advantage for FiPro is its extensive investor dictionary, which includes over 50 terms, aiding in understanding financial jargon. Despite these valuable resources, FxPro receives a 4-star rating and ranks #18 in ForexBrokers.com's education category. Beginners may find the decision between XM Group and FxPro hinges on the priority they place on advanced video content and live webinars, or the inclusion of a comprehensive investor glossary.
| 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 63 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
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 93 |
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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.
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0 of 5| Overall Rating | XM Group | FxPro | |
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| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
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| 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 |
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| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
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