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 it comes to commissions and fees, XM Group offers a standard account with relatively high spreads, and unfortunately, they do not publish the average spreads for their XM Zero account, which is based on commissions. Despite these limitations, XM Group earns a solid 4-star rating for commissions and fees. It ranks 33rd out of 63 brokers according to ForexBrokers.com, indicating that there is room for improvement in their pricing transparency.
In contrast, Spreadex provides a more competitive offering. For example, in January 2024, the spreads for EUR/USD averaged 0.81 pips, with the minimum spread reaching as low as 0.6 pips 60% of the time. This transparency in spread information makes Spreadex a reliable choice for traders looking for predictable costs. It also holds a 4-star rating in this category, but Spreadex ranks higher than XM Group, securing the 27th spot out of 63 brokers on ForexBrokers.com’s list.
In summary, both XM Group and Spreadex achieve a commendable 4-star rating for their commissions and fees. However, Spreadex's more consistent spread information gives it an edge, reflected in its higher ranking compared to XM Group. Traders looking for transparency may favor Spreadex, while those considering XM Group should be aware of the opaque nature of the XM Zero account's average spreads.
| 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 investment options, both XM Group and Spreadex offer a wide array of choices, but there are some key differences worth noting. XM Group provides 1,394 tradeable symbols and 55 forex pairs, alongside an opportunity to trade on U.S. and international exchanges. For those interested in copy trading, XM Group stands out by offering this service. While both platforms allow trading cryptocurrency derivatives, neither offers the chance to buy actual cryptocurrencies. Despite a respectable range of investments from XM Group earning it a 4.5-star rating, it ranks 23rd in this category according to ForexBrokers.com.
Spreadex, on the other hand, boasts an impressive 10,000 tradeable symbols, including 52 forex pairs. However, it lacks the capability to trade exchange-traded securities on U.S. and international exchanges, which is a limitation for those seeking to diversify their portfolios in this way. Spreadex does not support copy trading but does provide access to cryptocurrency derivatives like XM Group. Given its broader selection of symbols, Spreadex achieves a higher rating of 5 stars in the Range of Investments category, ranking 13th out of 63 brokers on ForexBrokers.com.
| 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.
XM Group and Spreadex both provide virtual demo accounts, allowing you to practice trading with simulated funds before diving into the real market. While XM Group does not develop its own trading platforms in-house, it does offer popular third-party choices like MetaTrader 4 and MetaTrader 5 for Windows-based desktop applications, as well as a web-based option. Spreadex, on the other hand, boasts a proprietary web-based trading platform but lacks MetaTrader support. If you are interested in copy trading, XM Group offers this feature to its users, unlike Spreadex.
Charting capabilities are essential for any trader, and both XM Group and Spreadex allow trading directly from stock charts. However, XM Group provides more drawing tools, offering 15 compared to Spreadex's 11. When it comes to organizing your watch lists, Spreadex edges ahead with 8 configurable columns versus XM Group’s 7. Both brokers receive a 4-star rating for their trading platforms and tools, but XM Group is ranked higher by ForexBrokers.com, placed at 31 out of 63 brokers, while Spreadex stands at 46.
| 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.
When comparing the mobile trading apps of XM Group and Spreadex, both brokers present a variety of appealing features for traders. Both platforms are available for iPhone and Android users, offering flexibility in terms of device compatibility. Users of both apps can benefit from stock and forex price alerts, as well as the ability to create watchlists with real-time quotes. However, XM Group takes a slight edge with its watchlist symbol syncing feature, allowing seamless updates between the mobile app and the client's online account. In terms of charting tools, XM Group offers 30 technical studies, adding significant value for traders who utilize detailed analyses, while Spreadex does not specify the number of studies available.
Both XM Group and Spreadex apps allow users to draw trendlines and view multiple time frames on charts, enhancing the trading experience. One area of parity is the lack of an auto-save feature for chart drawings on both platforms, which could be a factor for traders who frequently annotate their charts. According to ForexBrokers.com rankings, XM Group holds the 29th spot out of 63 brokers for their mobile trading app, while Spreadex is positioned at 46th, despite both being rated with four stars by users. Overall, XM Group provides a slightly more feature-rich experience, although both platforms offer solid, user-friendly options for mobile trading enthusiasts.
| 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 the market research offerings of XM Group to Spreadex, both brokers provide investors with daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. XM Group excels in delivering advanced analytical tools from Trading Central, making it a go-to for those seeking comprehensive technical insights, whereas Spreadex stands out by offering tools from Autochartist, catering to traders who rely on its specific technical analysis capabilities. Both brokers offer sentiment-based trading tools and feature economic calendars that keep their users updated on global news events, although neither provides research tools from Acuity Trading or market insights from TipRanks.
Despite some similarities, XM Group's research services are rated higher at 5 stars, compared to Spreadex's 4 stars. This difference is reflected in their rankings, with XM Group placed at #8 and Spreadex at #31 out of 63 brokers in the Research category by ForexBrokers.com. The availability of strategic tools like those from Trading Central at XM Group may contribute to its superior rating and position, attracting traders who prioritize a more detailed technical research offering.
| 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.
Choosing between XM Group and Spreadex for educational resources can help beginners get started with trading. Both brokers provide a collection of educational materials related to forex and CFDs, such as articles, videos, and archived webinars. However, XM Group stands out by offering monthly webinars and a searchable archive of recorded sessions, giving learners ongoing opportunities to enhance their knowledge. Additionally, XM Group caters to both beginners and experienced traders with a variety of educational videos, whereas Spreadex focuses more on beginner content.
Interestingly, Spreadex includes an investor dictionary with definitions for over 50 investing terms, which XM Group does not offer. Despite this, XM Group's comprehensive approach to trader education, including more advanced video content and continuous webinars, earns it a higher rating of 5 stars compared to Spreadex's 4 stars. According to ForexBrokers.com, XM Group ranks significantly higher at #7 for education, while Spreadex sits at #45, making XM Group the more favorable choice for those keen on a rich learning experience in trading.
| 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 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 #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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