Written by ForexBrokers.com
In this head to head comparison of XM Group vs Spreadex, 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 vs Spreadex: XM Group was founded in 2009, while Spreadex began in 1999. Neither broker is publicly traded or a bank. On ForexBrokers.com’s 0–99 Trust Score scale (90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, below 59 not trusted), XM Group scores 93 (highly trusted) and Spreadex scores 70 (average risk).
Regulation and licenses: XM Group holds four Tier-1 licenses (considered highly trusted) and three Tier-2 licenses (considered trusted). Spreadex holds one Tier-1 license and no Tier-2 licenses. In plain terms, XM Group is authorized by more top-tier regulators than Spreadex, which can mean broader oversight.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing commissions and fees, Spreadex comes out ahead of XM Group for most traders. Spreadex reported average EUR/USD spreads of 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time during the month. It is rated 4 out of 5 stars for commissions and fees and is ranked #26 out of 36 brokers by ForexBrokers.com.
XM Group, by contrast, has expensive spreads on its standard account, and it does not publish average spreads for its commission-based XM Zero account. That makes it harder for traders to compare costs upfront. XM Group is rated 3.5 out of 5 stars for commissions and fees and is ranked #35 out of 36 brokers by ForexBrokers.com.
In simple terms, Spreadex appears to offer clearer and generally lower trading costs than XM Group. If keeping commissions and spreads low is a top priority, Spreadex has the edge in this category.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average spread (EUR/USD) - Standard account | 2 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and Spreadex both give traders access to forex as CFDs or spot contracts, and both also offer cryptocurrency CFDs rather than actual crypto. XM Group provides 55 forex pairs and 1,429 tradeable symbols, while Spreadex lists 52 forex pairs but a much larger total of 10,000 tradeable symbols. For overall choice, Spreadex has the wider selection of markets and is rated higher for range of investments, with 5 stars and a ForexBrokers.com ranking of #13 out of 36, compared with XM Group’s 4.5 stars and #19 ranking.
XM Group stands out for investors who want access to exchange-traded securities on both U.S. and international exchanges, such as individual shares on NASDAQ or the London Stock Exchange. It also offers copy trading, which Spreadex does not. Spreadex, on the other hand, focuses more on a broad catalog of tradable products, but it does not offer direct share dealing on U.S. or international exchanges, so its investment range is stronger in size than in stock market access.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1429 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 Spreadex both give traders a solid mix of platform options and tools, and each offers a free demo account plus web-based trading and the ability to place trades straight from a chart. Both brokers also earn 4 out of 5 stars for Trading Platforms and Tools, so they are fairly well matched on overall quality. That said, XM Group has a wider platform lineup for most traders, with Windows desktop software, MetaTrader 4, MetaTrader 5, and copy trading available. Spreadex stands out in a different way by offering its own in-house platform, while XM Group does not.
For traders who want familiar third-party platforms and more ways to trade on desktop, XM Group has the edge. Spreadex may appeal to those who prefer a broker-built platform and a simpler setup through the browser. In ForexBrokers.com’s ranking for Trading Platforms and Tools, XM Group places higher at #28 out of 36 brokers, while Spreadex sits at #35, which suggests XM Group offers the stronger overall platform experience.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and Spreadex both offer mobile trading apps for iPhone and Android, along with stock or forex price alerts and the ability to draw trendlines on charts. Both apps are rated 4 out of 5 stars for mobile trading, and neither app auto-saves chart drawings. In this area, the two brokers are similar in the basic features most traders want when managing positions on the go.
XM Group stands out more for charting and account sync. Its mobile app includes 30 technical studies and watchlist symbol syncing, so changes made in the app or online account stay aligned. Spreadex does not offer watchlist syncing, and its chart study count is not listed. In ForexBrokers.com’s mobile trading apps rankings, XM Group places higher at #26 out of 36 brokers, while Spreadex ranks #34.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
XM Group and Spreadex both give traders useful market research features, including daily market commentary, forex news from major sources such as Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows long and short positioning, and an economic calendar for tracking global events. Neither broker offers research from TipRanks or Acuity Trading, so on these points they are even.
The main difference is in their third-party tools and overall research ratings. XM Group includes Trading Central tools, while Spreadex offers Autochartist instead. XM Group also scores higher for research, with a 5-star rating and a #8 rank out of 36 brokers, compared with Spreadex’s 4-star rating and #28 rank, which may make XM Group the stronger choice for traders who want more research support.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning, XM Group gives new traders more to work with than Spreadex. XM Group offers forex and CFD education, hosts online educational client webinars at least once a month, and provides 10 or more beginner videos plus 10 or more advanced videos. This stronger mix of lessons and live sessions helps beginners build confidence step by step, and it shows in its Education rating of 5 stars and its #5 ranking out of 36 brokers.
Spreadex still offers some useful starter content, including at least 10 beginner trading videos, but it falls behind XM Group in overall educational support. It does not offer monthly educational webinars, and it does not meet the same level of advanced video coverage or forex/CFD education depth. As a result, Spreadex is rated 4 stars for Education and ranks #34 out of 36 brokers, making XM Group the better choice for beginners who want more learning tools.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 Spreadex. XM Group finished with an overall rank of #16, while Spreadex finished with an overall rank of #33.
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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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 70 |
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XM Group vs Spreadex: both online brokers do not support buying actual (delivered) cryptocurrency, but each allows trading cryptocurrency CFDs (not the underlying asset).
In the XM Group vs Spreadex comparison of deposit and withdrawal methods, both brokers offer bank wire transfers and do not support ACH/SEPA or PayPal, but only XM Group supports Skrill while Spreadex does not.
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 | Spreadex | |
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| Trust Score | 93 | 70 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
| Broker Screenshots | XM Group | Spreadex | |
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| Regulation | XM Group | Spreadex | |
|---|---|---|---|
| Trust Score | 93 | 70 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | No |
| Tier-2 Licenses (Trusted) | XM Group | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1429 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 2 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XM Group | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | XM Group | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | Spreadex Review |
| Overall | XM Group | Spreadex | |
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| Trust Score | 93 | 70 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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