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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 account info 1.6 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments, XM Group offers a wider catalog with 1,394 tradeable symbols versus 655 at TopFX. Both support forex trading via CFDs/spot and both provide copy trading. For currency enthusiasts, TopFX lists slightly more forex pairs (60) than XM Group (55). Each broker also offers cryptocurrency CFDs, while neither lets you buy actual, delivered crypto.

If you want access to real exchange-traded shares, XM Group is the only one here that lets you buy listed stocks on both U.S. and international exchanges; TopFX does not offer real share dealing. Reflecting these differences, ForexBrokers.com rates XM Group 4.5/5 stars for Range of Investments (ranked #25 of 63) and TopFX 3.5/5 stars (ranked #47 of 63). In short, XM Group suits investors seeking more symbols and real shares, while TopFX appeals if you prioritize a slightly larger list of forex pairs.

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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 make it easy to get started with a free demo account for practice. Neither broker offers a proprietary, in-house platform; instead, each provides a Windows desktop platform and a web-based platform. Both support copy trading and MetaTrader 4 (MT4). Only XM Group also offers MetaTrader 5 (MT5). On both brokers, you can place trades directly from charts.

For Trading Platforms and Tools, each broker earns 4 out of 5 stars. However, XM Group ranks higher in ForexBrokers.com’s category review (#33 of 63) compared to TopFX (#46 of 63). If you want MT5, XM Group is the clear pick; if you’re focused on MT4, either broker’s desktop or browser platform—with demo access and chart trading—will do the job.

Feature XM Group logoXM Group
TopFX logoTopFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

XM Group and TopFX both deliver mobile trading apps for iPhone and Android, and each supports price alerts to help you stay on top of market moves. For charting, both apps offer 30 technical studies and let you draw trendlines. A key difference is watchlist syncing: XM Group syncs your mobile watchlists with your online account so symbols and changes carry across devices, while TopFX does not offer this syncing.

If you annotate charts on the go, TopFX stands out by auto-saving your drawings, whereas XM Group does not auto-save chart edits. In terms of evaluations, both earn 4 stars for Mobile Trading Apps, but XM Group ranks higher at #31 out of 63 brokers on ForexBrokers.com compared with TopFX at #52. In short, choose XM Group if cross-device watchlist syncing matters most, or pick TopFX if auto-saving chart annotations is your priority.

Feature XM Group logoXM Group
TopFX logoTopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No 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 (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info Yes Yes
TipRanks info No
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 CFDs education, XM Group stands out. It offers an active schedule of client webinars (at least one per month) and a deep video library with 10+ beginner lessons and 10+ advanced topics, so you can start with basics and grow into more complex strategies. By contrast, TopFX’s learning materials are more limited for newcomers: it does not host monthly educational webinars and does not provide at least 10 beginner videos or 10 advanced videos.

This gap shows up in independent ratings. For Education, XM Group earns 5 out of 5 stars and ranks 7th out of 63 brokers at ForexBrokers.com, while TopFX scores 3 out of 5 stars and ranks 62nd. If you want structured, beginner-friendly education with videos and recurring live sessions, XM Group is the stronger choice; TopFX may suit self-directed traders who need only a light introduction.

Feature XM Group logoXM Group
TopFX logoTopFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes 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?

XM Group vs TopFX: neither broker supports purchasing actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading for access to crypto price movements without owning the underlying asset.

What funding options does each broker offer?

In comparing deposit and withdrawal methods, XM Group and TopFX both do not support ACH or SEPA transfers, with XM Group also not supporting PayPal but allowing Skrill and bank wire transfers (Visa/Mastercard availability not specified), while TopFX’s support for PayPal, Skrill, Visa/Mastercard, and bank wire transfers is not specified.

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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, FSRA, or SCA 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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 account info 1.6 info 1.03 info
All-in Cost EUR/USD - Active info 0.8 info 0.88 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding XM Group TopFX
Minimum Deposit info $5 Depends on payment method
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms XM Group TopFX
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No Yes
Trading Tools XM Group TopFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info Yes Yes
Research XM Group TopFX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education XM Group TopFX
Webinars info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs XM Group TopFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
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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