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Home ‣ Compare ‣ XM Group vs TopFX 2025

XM Group vs TopFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of XM Group vs TopFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1394
TopFX
3.5/5 Stars Overall
  • Minimum Deposit: Depends on payment method
  • Trust Score: 67
  • Tradeable Symbols (Total): 655

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.

Regulation

Founded in 2009, XM Group is a well-established online broker that holds four Tier-1 licenses, making it highly trusted in the industry according to ForexBrokers.com. With an impressive Trust Score of 93 out of 99, XM Group demonstrates a strong commitment to reliability and regulation. While it is not publicly traded or a bank, its array of top-tier licenses assures clients of its dependable framework.

TopFX, established in 2010, has a single Tier-1 license and holds a Trust Score of 67 out of 99, categorizing it as higher risk compared to its counterpart. Like XM Group, TopFX is neither publicly listed nor operates as a bank. While it may not have the same level of regulatory accolades as XM Group, it still offers services under professional standards, albeit with fewer regulatory assurances to its name.

Feature XM Group logoXM Group
TopFX logoTopFX
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

XM Group and TopFX both earn 4 out of 5 stars for commissions and fees at ForexBrokers.com. In the Commissions and Fees category, XM Group ranks #34 out of 63 brokers, while TopFX ranks #41 out of 63. That means both are solid choices, with XM Group edging out TopFX in the category ranking.

XM Group’s pricing is less straightforward: its Standard account spreads are considered expensive, and it does not publish average spreads for its commission-based XM Zero account, which makes it tough to gauge true all-in costs. By contrast, TopFX clearly outlines two pricing options. The ZERO account is commission-free but showed higher average spreads of 1.03 pips on EUR/USD in July 2024. The RAW account charges a commission of 2.75 EUR per side (5.50 EUR round turn) per standard lot; during July 2024, the average EUR/USD spread was 0.33 pips, and when you add the commission (about 0.55 pips), the estimated all-in cost comes to roughly 0.88 pips—around the industry average. Minimum deposit at TopFX depends on your payment method.

Feature XM Group logoXM Group
TopFX logoTopFX
Minimum Deposit info $5 Depends on payment method
Average Spread EUR/USD - Standard info 1.6 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Active Trader or VIP Discounts info No No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments, XM Group offers far more variety overall with 1,394 tradeable symbols versus 655 at TopFX. When it comes to forex, TopFX lists slightly more currency pairs (60) than XM Group (55). Both brokers support forex trading via CFDs or spot contracts, and both offer copy trading.

For exchange-traded securities (not CFDs), XM Group stands out by allowing clients to buy real shares on both U.S. and international exchanges, while TopFX does not offer direct stock trading. Neither broker supports buying delivered cryptocurrency, but both provide cryptocurrency derivatives. Reflecting this breadth, ForexBrokers.com rates XM Group 4.5/5 stars and ranks it #25 out of 63 for Range of Investments, compared with TopFX at 3.5/5 stars and #47. If you want direct stock access plus a wider product lineup, XM Group is the stronger fit; if your focus is mainly forex pairs, TopFX offers a slightly larger selection.

Feature XM Group logoXM Group
TopFX logoTopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 655
Forex Pairs (Total) info 55 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

XM Group and TopFX both check the core boxes traders expect from a modern platform lineup. Each broker offers a free demo account, supports MetaTrader 4 (MT4), and provides both web-based and Windows desktop platforms. Neither uses a proprietary platform, and both include copy trading. Charting is practical on both, with trade-from-chart available, 15 drawing tools, and watchlists that can be customized with seven fields. Neither broker integrates DupliTrade or ZuluTrade.

The main difference is MetaTrader 5 (MT5): XM Group offers MT5, while TopFX does not. Both brokers earn 4 stars for Trading Platforms and Tools, but XM Group ranks higher overall (#33 out of 63) compared to TopFX (#46 out of 63). If you want MT5 alongside MT4, XM Group is the better fit; if you only need MT4, either broker will cover the essentials.

Feature XM Group logoXM Group
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

XM Group and TopFX both offer mobile trading apps for iPhone and Android, with real-time watchlists and price alerts to keep you on top of market moves. Their charting tools are comparable: each app includes 30 technical studies, drawing tools like trendlines, and support for multiple time frames (intraday, daily, weekly). Both earn 4 out of 5 stars for mobile trading apps, though XM Group ranks higher overall in the category (#31 of 63) than TopFX (#52 of 63) according to ForexBrokers.com.

The main differences come down to syncing and chart drawings. XM Group syncs watchlists between the mobile app and your online account, so changes carry over across devices, while TopFX does not. On the flip side, TopFX auto-saves your chart drawings, which XM Group’s app does not. If you value seamless watchlist syncing across platforms, XM Group may suit you better; if keeping your chart annotations saved is a priority, TopFX has the edge.

Feature XM Group logoXM Group
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

XM Group and TopFX both cover key market-research needs, but they differ in a few important ways. XM Group publishes daily market commentary, while TopFX does not. Both brokers stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and each offers Trading Central tools, a sentiment indicator showing long/short ratios, and an economic calendar. TopFX also includes Autochartist, which XM Group does not. XM Group does not offer TipRanks or Acuity Trading; availability of TipRanks and Acuity at TopFX is not specified.

For ratings, XM Group earns 5 stars for Research and ranks #8 out of 63 brokers on ForexBrokers.com. TopFX holds 3 stars and ranks #61. If you want daily commentary and higher-rated research, XM Group is the stronger choice; if you value Autochartist pattern scanning alongside news and Trading Central, TopFX may still fit your needs.

Feature XM Group logoXM Group
TopFX logoTopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing forex and CFD education, XM Group clearly offers more than TopFX. XM Group provides 10+ educational pieces, runs educational client webinars at least once a month, and keeps a searchable archive of past sessions. It also includes 10+ beginner video tutorials and 10+ advanced videos to help you grow from basics to more complex topics. By contrast, TopFX does not meet the minimum for forex/CFD education content, does not host monthly educational webinars, and has no webinar archive; it also lacks sets of 10 beginner and 10 advanced videos.

Both brokers do not offer an investor dictionary with 50+ terms. However, XM Group earns a 5/5 Education rating and ranks #7 out of 63 brokers for Education on ForexBrokers.com, while TopFX holds a 3/5 rating and ranks #62. If you want structured learning with videos and regular webinars, XM Group stands out; with TopFX, you may need to supplement your learning elsewhere.

Feature XM Group logoXM Group
TopFX logoTopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than TopFX. XM Group finished with an overall rank of #17, while TopFX finished with an overall rank of #62.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
TopFX logoTopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 67
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or TopFX?

Both XM Group and TopFX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for trading cryptocurrency derivatives.

What funding options does each broker offer?

XM Group and TopFX both provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only TopFX supports PayPal, while neither offers ACH or SEPA transfers.

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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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Overall Rating XM Group TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 93 67
Winner check_circle
Review XM Group Review TopFX Review
Broker Screenshots XM Group TopFX
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
TopFX MetaTrader 4 desktop trading platform TopFX MetaTrader 4 desktop trading platform charts TopFX cTrader web trading platform TopFX cTrader desktop trading platform charts TopFX cTrader desktop trading platform TopFX cTrader desktop trading platform algo trading TopFX cTrader desktop market order window
Regulation XM Group TopFX
Trust Score info 93 67
Year Founded info 2009 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-2 Licenses (Trusted) XM Group TopFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XM Group TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 655
Forex Pairs (Total) info 55 60
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 TopFX
Average Spread EUR/USD - Standard info 1.6 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Active Trader or VIP Discounts info No No
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding XM Group TopFX
Minimum Deposit info $5 Depends on payment method
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms XM Group TopFX
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes Yes
TipRanks info No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education XM Group TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No No
Major Forex Pairs XM Group TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review TopFX Review
Overall XM Group TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3/5 Stars
Trust Score info 93 67
Winner check_circle
Review XM Group Review TopFX Review
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