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.
Founded in 2009, XM Group and the earlier-established Spreadex, which started in 1999, both operate as online brokers but are not publicly traded nor banks. When it comes to safety and trustworthiness, XM Group holds a higher standing with its four Tier-1 licenses, which are highly trusted according to ForexBrokers.com, compared to Spreadex's single Tier-1 license. Additionally, XM Group has one Tier-2 license, while Spreadex holds none, indicating a stronger position for XM Group in terms of trust.
Reflecting their license holdings, XM Group boasts a higher Trust Score of 88 out of 99, placing it in the 'trusted' category. In contrast, Spreadex has a Trust Score of 71 out of 99, which is a bit lower, indicating an average risk level. While neither broker lacks credibility, XM Group appears to offer a more secure reputation among traders seeking reliability and regulatory compliance.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When evaluating the commissions and fees of XM Group and Spreadex, there are notable distinctions in their offerings. XM Group's Standard account is characterized by relatively high spreads, and unfortunately, they do not disclose the average spreads for their XM Zero account, which is based on commission. Despite this lack of transparency, XM Group earns a solid 4-star rating for commissions and fees from ForexBrokers.com, placing them at the 33rd position out of 62 brokers in the same category.
In contrast, Spreadex offers more clarity with their fee structure. In January 2024, Spreadex reported an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips achieved 60% of the time throughout the month. This competitive pricing contributes to Spreadex also receiving a 4-star rating for commissions and fees. However, it surpasses XM Group in the rankings, securing the 27th spot out of 62 brokers according to ForexBrokers.com.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | 0.81 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| 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 it comes to the range of available investments, both XM Group and Spreadex offer appealing options for traders, each with its own set of strengths. XM Group provides a substantial 1,394 tradeable symbols, including 55 forex pairs, and extends the opportunity to trade exchange-traded securities on both U.S. and international exchanges. This makes it possible for clients to purchase stocks like Apple and Vodafone directly. Furthermore, XM Group supports copy trading, offering even more flexibility for its users. However, they lack the option to buy actual cryptocurrency, only offering cryptocurrency derivatives. Rated 4.5 out of 5 stars for its range of investments, XM Group holds the #23 rank among 62 brokers according to ForexBrokers.com.
Spreadex, on the other hand, comes with the impressive advantage of offering 10,000 tradeable symbols, surpassing XM Group in this regard. It presents 52 tradeable forex pairs and supports trading in cryptocurrency derivatives, though like XM Group, it does not offer the option to buy cryptocurrency outright. A notable drawback is the absence of exchange-traded securities for U.S. and international stocks, as well as the lack of copy trading features. Despite these limitations, Spreadex has received a 5-star rating for its range of investments and is ranked #13 in the same category by ForexBrokers.com, reflecting its strength in offering a wider selection of tradeable symbols.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 the trading platforms and tools of XM Group and Spreadex, both brokers offer simulated trading with free virtual demo accounts, providing traders an excellent opportunity to practice before committing real funds. XM Group does not boast a proprietary platform, instead offering popular platforms like MetaTrader 4 and 5, which are not available with Spreadex. Meanwhile, Spreadex develops its own platform for a unique trading experience. XM Group caters to those preferring a Windows-based desktop download platform, unlike Spreadex, which lacks this option. However, both brokers provide web-based trading platforms, ensuring accessibility from any browser.
For traders interested in copy trading, XM Group supports this feature, while Spreadex does not. Charting enthusiasts might find XM Group slightly more versatile, as it offers 15 drawing tools compared to Spreadex's 11. Additionally, both brokers allow trading directly from stock charts, adding convenience to chart analysis. XM Group provides seven columns for watch lists, whereas Spreadex offers eight. Despite their differences, both brokers score four stars for their trading platforms and tools. However, XM Group is ranked 31st by ForexBrokers.com in this category, compared to Spreadex's 46th position, indicating a slight edge in trader preferences and usability.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and Spreadex offer mobile trading apps that cater to traders using iPhone and Android devices. These apps allow users to receive stock and forex price alerts and draw trendlines on their charts. Both brokers also let users view multiple time frames on stock or forex charts and create watchlists with real-time quotes. However, a key difference lies in watchlist syncing; XM Group provides seamless syncing between its app and the client’s online account, while Spreadex does not. In terms of charting features, XM Group stands out with 30 technical studies, whereas Spreadex lacks this specific offering.
When looking at ratings, both brokers score 4 out of 5 stars for their mobile trading apps, reflecting user satisfaction. However, XM Group has a higher ranking at #29 compared to Spreadex’s #46 in ForexBrokers.com's evaluation of 62 brokers for mobile trading apps. Neither app will auto-save chart drawings, so users need to reapply these upon revisiting their analysis. Overall, XM Group slightly edges out Spreadex in terms of app features and ranking, especially for traders who value watchlist integration and technical analysis tools.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group and Spreadex in terms of market research resources, both brokers offer daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. While XM Group provides research tools from Trading Central, which includes technical analytics, Spreadex leverages tools from Autochartist for technical and fundamental research. Both brokers also provide sentiment-based trading tools showing the ratio of long or short positions. However, neither platform offers research from TipRanks or Signal Centre from Acuity Trading.
Both XM Group and Spreadex include an economic calendar feature showcasing upcoming global news events. Despite these similarities, XM Group edges ahead with a perfect 5-star research rating compared to Spreadex's 4 stars. Additionally, XM Group is ranked 8th by ForexBrokers.com in the Research category out of 62 brokers, while Spreadex holds the 31st spot. These differences highlight XM Group's stronger emphasis on comprehensive research tools and services, making it a better choice for those prioritizing in-depth market analysis.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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.
When comparing the educational resources provided by XM Group and Spreadex, each online broker offers unique advantages to beginners. XM Group excels with its array of learning tools, including over ten educational pieces such as articles and videos focused on forex and CFDs. They also host at least one live client webinar each month and keep a searchable archive of previous webinars. XM Group provides a comprehensive collection of beginner-friendly videos, ensuring newcomers have access to vital trading topics. Additionally, there are advanced-level videos available to cater to experienced traders who seek deeper insights.
In contrast, while Spreadex matches XM Group in offering a variety of educational articles and videos for beginners, they lack certain interactive elements like monthly webinars and an archive of recorded sessions. However, they make up for this with a robust investor dictionary that includes definitions of more than 50 investing terms, which can be a valuable resource for those who prefer learning through textual resources. Rating-wise, XM Group scores 5 stars for educational offerings and is ranked 7th out of 62 brokers by ForexBrokers.com, indicating a strong positioning. Meanwhile, Spreadex garners a 4-star rating and stands at 45th in the same ranking, suggesting there's room for growth in their educational offerings for beginners.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 Spreadex. XM Group finished with an overall rank of #17, while Spreadex finished with an overall rank of #39.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 71 |
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Both XM Group and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.
When comparing online brokers XM Group and Spreadex, neither offers ACH or SEPA transfers nor PayPal for deposits or withdrawals, but XM Group accepts Skrill whereas Spreadex does not, and both brokers support Visa or Mastercard along with bank wire transactions.
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 | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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| Regulation | XM Group | Spreadex | |
|---|---|---|---|
| Trust Score | 88 | 71 | |
| 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 | 1 | 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 (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 | No |
| Tier-2 Licenses (Trusted) | XM Group | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| 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 | No |
| Trading Platforms | XM Group | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | XM Group | Spreadex | |
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| Trust Score | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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