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 has established itself as a notable player in the online brokerage world with a Trust Score rating of 93 out of 99 from ForexBrokers.com, placing it in the highly trusted category. Even though it's not publicly traded or a bank, XM Group maintains credibility through its regulatory compliance, holding four Tier-1 licenses and one Tier-2 license, which underscores its reliability and trust with clients.
In comparison, Spreadex, founded in 1999, holds a Trust Score rating of 71, categorized as average risk by ForexBrokers.com. Also privately owned and not a bank, Spreadex has one Tier-1 license but lacks any Tier-2 licenses. While both brokers offer online trading services, XM Group stands out for its higher level of trust 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comes to commissions and fees, XM Group offers a standard account with relatively high spreads, and unfortunately, they do not publish the average spreads for their XM Zero account, which is based on commissions.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.
XM Group and Spreadex both offer CFD and spot contract forex trading with compelling yet distinct ranges of available investments. XM Group provides access to 1,394 tradeable symbols, including 55 forex pairs. Spreadex, on the other hand, impressively offers 10,000 tradeable symbols but slightly fewer forex pairs at 52. While Spreadex does not provide direct access to U.S. or international exchange-traded securities, XM Group enables clients to purchase stocks such as Apple's on the NASDAQ or Vodafone's on the London Stock Exchange. Additionally, XM Group offers copy trading, which Spreadex does not. Both brokers offer cryptocurrency derivatives, but neither facilitates direct cryptocurrency purchases.
In terms of ratings and rankings, Spreadex shines slightly brighter in the scope of investments, earning a 5-star rating compared to XM Group's 4.5 stars. Moreover, within the investment range category rated by ForexBrokers.com, Spreadex stands at #13 out of 63 brokers, while XM Group is ranked #24. Choosing between the two depends on whether a broader investment selection or access to direct stock trading and copy trading features are more aligned with your trading strategy.
| 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 choosing between XM Group and Spreadex for trading platforms and tools, both brokers offer noteworthy features but differ in their approaches. XM Group stands out by providing a strong selection of downloadable and browser-based platforms, with access to both MetaTrader 4 and MetaTrader 5. This array of platforms is complemented by their offer of a free virtual demo account, enabling users to practice trading without risk. XM Group also allows traders to engage in copy trading, giving them the option to replicate experienced traders' strategies. In contrast, Spreadex offers its proprietary web-based trading platform, catering to those who appreciate a unique in-house experience. However, unlike XM Group, Spreadex does not support MetaTrader platforms or copy trading options.
Both brokers provide the ability to trade directly from stock charts, though XM Group offers a slight edge with 15 drawing tools compared to Spreadex's 11. When it comes to organizing a watch list, Spreadex leads with eight columns, one more than XM Group. Despite these differences, both brokers receive a four-star rating for trading platforms and tools. However, XM Group ranks higher at 32 out of 63 brokers on ForexBrokers.com, showcasing its wider range of features and tools, compared to Spreadex which ranks 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 platforms offer apps for iPhone and Android users, catering to a broad audience of mobile traders. Both apps provide essential features such as stock and forex price alerts and the ability to draw trendlines on charts. Users will also find they can view charts across multiple time frames, meeting the needs of those looking for daily, weekly, or intraday analysis. However, there are some differences worth noting. XM Group supports syncing watchlist symbols between its mobile app and online accounts, a handy feature for users who manage their portfolios across multiple devices. In contrast, Spreadex lacks this syncing capability. Additionally, while both apps allow users to create watchlists with real-time quotes, only XM Group offers a more extensive selection of 30 technical studies for charting. Unfortunately, neither app saves chart drawings automatically.
In terms of user ratings, both XM Group and Spreadex score equally with a four-star rating for their mobile trading apps. However, in the ForexBrokers.com ranking for mobile trading apps, XM Group takes a higher spot, coming in at 30th out of 63 brokers, while Spreadex is ranked 46th. This difference suggests that while users find both apps effective, XM Group's app may provide a slightly more favorable experience overall for those seeking a comprehensive mobile trading application.
| 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 | 93 | 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 | 93 | 71 | |
| 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 | 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank 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) | 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 | 93 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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