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 XM Group and Spreadex for commissions and fees, Spreadex comes out ahead for most traders. XM Group’s standard account spreads are considered expensive, and it does not publish average spreads for its commission-based XM Zero account. XM Group is rated 3.5 out of 5 stars for commissions and fees and is ranked #36 out of 36 brokers in this category by ForexBrokers.com.
Spreadex offers more transparent pricing, with average EUR/USD spreads of 0.81 pips in January 2024 and a minimum spread of 0.6 pips available 60% of the time during the month. That puts it in a stronger position for cost-conscious traders. Spreadex is rated 4 out of 5 stars for commissions and fees and is ranked #27 out of 36 brokers by ForexBrokers.com.
Overall, Spreadex has the better commissions and fees profile, while XM Group may be less appealing if low trading costs are a top priority. If you want clearer pricing and lower average spreads, Spreadex is the stronger choice between the two.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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 real crypto ownership. Where they differ is in the wider product lineup. XM Group provides 1,583 tradeable symbols and 54 forex pairs, while Spreadex offers a much larger total selection with 10,000 tradeable symbols, though slightly fewer forex pairs at 52. For investors who want access to exchange-traded shares, XM Group stands out by offering real stocks on both U.S. and international exchanges, while Spreadex does not offer this type of share dealing. XM Group also includes copy trading, which Spreadex does not.
In terms of overall range of investments, Spreadex is rated higher at 5 stars and ranks #13 out of 36 brokers on ForexBrokers.com, compared with XM Group’s 4.5 stars and #19 ranking. That makes Spreadex the stronger choice for sheer product variety, while XM Group may appeal more to traders who want real stock access and copy trading alongside forex and CFD trading.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1583 | 10000 |
| Forex Pairs (Total) | 54 | 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 make it easy to start with a free demo account and both offer web-based trading, so you can trade from a browser without installing software. Each also lets you trade directly from charts and earns 4 out of 5 stars for trading platforms and tools. In ForexBrokers.com’s ranking, XM Group places higher at #29 out of 36 brokers, while Spreadex is ranked #37.
Where they differ most is in platform choice. XM Group offers the well-known MetaTrader 4 and MetaTrader 5 platforms, plus a Windows desktop download and copy trading, but it does not have its own in-house platform. Spreadex takes the opposite path with a proprietary platform, but it does not support MT4, MT5, a Windows desktop download, or copy trading. For traders who want MetaTrader access and more third-party platform options, XM Group has the edge; for those who prefer a broker-built platform, Spreadex stands out.
| 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) | 100 | 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 price alerts and trendline drawing tools. Each app is rated 4 out of 5 stars for mobile trading, so both brokers give users a solid experience for trading on the go. Neither app auto-saves chart drawings, which means traders may need to redraw them later if they leave the chart.
The main difference is in watchlist syncing and chart tools. XM Group lets watchlists sync between the mobile app and online account, while Spreadex does not, making XM Group more convenient for traders who want their lists updated across devices. XM Group also offers 100 technical studies in its mobile charts, while Spreadex does not list a number for this feature. In ForexBrokers.com’s mobile trading apps ranking, XM Group is placed #26 out of 36 brokers, compared with Spreadex at #36.
| 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 | 100 | 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, including daily market commentary, forex news from top sources like Bloomberg and Reuters, a sentiment tool showing long and short positioning, and an economic calendar for upcoming global events. That means either broker can help you keep track of market headlines and broader trading conditions in a clear, beginner-friendly way.
Where XM Group stands out is in its research tools, with access to Trading Central, while Spreadex offers Autochartist instead. Neither broker includes TipRanks or Acuity Trading tools. Overall, XM Group scores higher for research, earning 5 out of 5 stars and ranking #8 out of 36 brokers at ForexBrokers.com, compared with Spreadex’s 4 out of 5 stars and #29 ranking.
| 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.
For beginners looking for learning tools, XM Group stands out over Spreadex in the education category. XM Group offers forex and CFDs education, monthly live educational webinars, and at least 10 beginner videos plus 10 advanced videos, giving new traders and more experienced users a wide range of support. This stronger mix is reflected in its 5-star Education rating and #5 ranking out of 36 brokers by ForexBrokers.com.
Spreadex also provides at least 10 beginner trading videos, but it falls behind XM Group in overall educational depth. Based on the available information, Spreadex does not offer monthly educational webinars and does not have at least 10 advanced educational videos, and its education offering is rated 4 stars with a #36 ranking out of 36. For beginners who want more structured forex and CFD learning, XM Group is the more complete choice.
| 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 multi-regulated forex and CFD broker offering 1,583 tradeable symbols across MetaTrader 4 and 5 and a new proprietary web and mobile platform. Its live trading rooms and integrated Trading Central research are among the best in the industry. Standard account spreads are expensive, though the Ultra Low and Zero accounts are competitive.
| 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) | 1583 | 10000 | |
| Forex Pairs (Total) | 54 | 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) - Spread-only account | 1.1 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 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 (Deposit/Withdraw) | 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) | 100 | 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 Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 100 | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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