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.
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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 cost-conscious 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 ranks #25 out of 36 brokers in the ForexBrokers.com category.
XM Group, by contrast, has higher standard account spreads, and average spreads are not published for its commission-based XM Zero account. For commissions and fees, XM Group is rated 3.5 out of 5 stars and ranks #34 out of 36 brokers, putting it behind Spreadex in this area.
In simple terms, Spreadex appears to offer the better overall value on pricing, while XM Group may be less appealing if low trading costs are your top priority.
| 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 gives traders a wider set of platform choices than Spreadex. It offers a Windows desktop download, a web-based platform, MetaTrader 4, MetaTrader 5, and copy trading, plus a free demo account for practice. XM Group also lets users trade directly from charts, which can make it easier to place trades while watching price moves. Spreadex also offers a free demo account and a web-based platform, and it supports trading directly from charts, but it does not provide a Windows desktop app, MetaTrader 4, MetaTrader 5, or copy trading. It does, however, have its own in-house platform, which XM Group does not.
Both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, but XM Group is ranked higher by ForexBrokers.com in this category, placing #27 out of 36 brokers compared with Spreadex at #34. For traders who want familiar tools like MT4 and MT5, plus desktop access and copy trading, XM Group may be the better fit. Spreadex may appeal more to those who prefer a broker-built platform and are happy trading in a browser.
| 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 give traders mobile access on iPhone and Android, and both apps include price alerts plus the ability to draw trendlines on charts. Each platform is also rated 4 out of 5 stars for mobile trading apps, so both offer a solid experience for trading on the go. One key difference is that XM Group provides 30 technical studies in its mobile charting tools, while Spreadex does not list a number for this feature.
XM Group also has an edge in watchlist syncing, since symbols added or changed in the mobile app sync with the online account automatically. Spreadex does not offer this. Neither app auto-saves chart drawings. In ForexBrokers.com’s mobile trading apps ranking, XM Group places higher at #26 out of 36 brokers, compared with Spreadex at #33, which gives XM Group the stronger overall mobile app showing.
| 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 daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar and sentiment tools that show long-versus-short positioning. That means both brokers cover the basics well for keeping up with price-moving events and market mood. However, XM Group goes a step further with Trading Central research tools, while Spreadex stands out by offering Autochartist instead.
Overall, XM Group has the edge on market research. It earns a 5-star Research rating and ranks #8 out of 36 brokers for the category, compared with Spreadex’s 4-star rating and #27 ranking. In simple terms, both are useful for market insights, but XM Group offers a wider research package, while Spreadex still provides a solid set of tools for everyday analysis.
| 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.
XM Group is the stronger pick for beginners who want more help learning how to trade. It offers forex and CFD education, monthly online client webinars, at least 10 beginner trading videos, and at least 10 advanced videos for traders who want to go further. It also earns a 5-star Education rating and ranks #5 out of 36 brokers at ForexBrokers.com, which points to a wide range of learning support for new and more experienced users alike.
Spreadex still provides useful learning content, including at least 10 beginner videos, but it does not offer monthly educational webinars and does not appear to match XM Group’s depth of advanced video content or forex/CFD-focused education. With a 4-star Education rating and a #33 ranking out of 36 brokers, Spreadex may suit traders looking for basic guidance, while XM Group is the better choice for beginners who want more structured education and ongoing support.
| 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 #32.
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
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|---|---|---|
| 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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