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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: 88
  • 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

When choosing an online broker, understanding their regulatory background is crucial for ensuring security and peace of mind. XM Group, established in 2009, stands out with four highly respected Tier-1 licenses and a Trust Score of 88, classifying it as a trusted broker. Meanwhile, TopFX, founded in 2010, holds one Tier-1 license and has a Trust Score of 67, which places it in the high-risk category. Neither company is publicly traded or operates as a bank, which is a common status in the online brokerage industry.

XM Group's regulatory credentials suggest a higher level of trustworthiness compared to TopFX. With one additional Tier-2 license and a higher Trust Score, XM Group could be a more reliable choice for those looking to trade with confidence. While both brokers have established their presence in the industry over a decade, XM Group's regulatory achievements provide an edge in credibility and trust.

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

When examining the commissions and fees associated with XM Group, it's important to note that while their standard account spreads can be on the pricier side, they don't provide specific details on the average spreads for their commission-based XM Zero account. This lack of transparency might make it difficult for potential clients to fully evaluate their cost structure. Despite this, XM Group has earned a 4-star rating in the commissions and fees category and claims the 33rd spot out of 63 brokers according to ForexBrokers.com.

On the other hand, TopFX provides a clearer picture of their fee structure with two distinct account types available on both MetaTrader and cTrader platforms. Their ZERO account has higher average spreads but is commission-free, while the RAW account charges a commission of 2.75 EUR per side, translating to about 0.88 pips in all-in costs for the popular EUR/USD pair. This positions the RAW account competitively within industry standards. TopFX mirrors XM Group's commendable rating with 4 stars for commissions and fees but ranks slightly lower at 40th out of 63 brokers in the same category.

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

When comparing the range of investments available through XM Group and TopFX, potential investors will notice some key differences. XM Group stands out by offering a broader range of tradeable symbols, totaling 1,394 compared to TopFX's 655. Both brokers provide forex trading through CFDs or spot contracts, but TopFX leads slightly with 60 forex pairs against XM Group's 55. One significant advantage offered by XM Group is the provision of exchange-traded securities on both U.S. and international exchanges, enabling clients to purchase popular stocks such as Apple and Vodafone directly. In contrast, TopFX does not provide this capability. On the cryptocurrency front, neither broker offers the option to purchase actual cryptocurrencies, although both allow trading in cryptocurrency derivatives. Copy trading is available with both brokers, adding a layer of flexibility for traders seeking automated strategies.

XM Group is rated more favorably for its range of investments, receiving a 4.5-star rating compared to TopFX's 3.5 stars. This is reflected in their rankings, with XM Group positioned at number 23 out of 63 brokers by ForexBrokers.com, while TopFX is ranked at 46. This difference is indicative of XM Group's wider offerings and may make it a preferred choice for traders interested in a more extensive selection of investments, including direct access to global exchange-traded securities. In summary, while both brokers have strengths, XM Group provides a more diverse array of investment options, particularly for traders interested in direct stock ownership.

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 are both online brokers that excel in providing a range of trading platform options and tools for their clients. Both brokers support simulated (paper) trading through free virtual demo accounts, allowing users to practice and refine their strategies without risking real money. While neither XM Group nor TopFX offers a proprietary platform, they both provide Windows-based desktop downloading platforms and web-based browser trading options. This accessibility ensures traders can choose their preferred method of accessing the market. Both brokers feature MetaTrader 4 (MT4), a popular trading platform, but XM Group goes a step further, also offering MetaTrader 5 (MT5), which may appeal to traders seeking more advanced features.

For those interested in copy trading, both XM Group and TopFX have got you covered. While neither broker supports DupliTrade or ZuluTrade, both include technology that facilitates trading directly from stock charts. Traders will find an equal array of 15 drawing tools for charting from each provider, with seven fields available for watch lists to assist in tracking market movements. Each broker holds a solid 4-star rating for their Trading Platforms and Tools. However, XM Group is ranked slightly higher than TopFX, coming in at 31st place among 63 brokers, whereas TopFX ranks at 45th, according to ForexBrokers.com. This distinction might tip the scales for traders prioritizing comprehensive platform features and broader market access.

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

When evaluating mobile trading apps for brokers, XM Group and TopFX both offer convenient access through iPhone and Android devices. Both brokers provide essential features such as stock or forex price alerts, the ability to draw trendlines on charts, view multiple time frames, and create watchlists with real-time quotes. However, XM Group stands out by allowing users to sync watchlists with the online account, ensuring changes reflect seamlessly across platforms. In contrast, while TopFX does offer auto-saving of chart drawings, it doesn't support watchlist syncing, which may be less convenient for traders juggling both mobile and online interfaces.

Furthermore, both XM Group and TopFX supply 30 technical studies for in-depth chart analysis, keeping them on par in terms of technical offerings. Despite receiving a similar four-star rating for their mobile apps, XM Group ranks higher at #29 compared to TopFX at #51 among 63 brokers, according to ForexBrokers.com. This distinction, alongside the watchlist syncing advantage, may position XM Group as a more integrated option for traders seeking a seamless mobile and online trading experience. Meanwhile, TopFX could appeal to users who prioritize the ease of auto-saving chart annotations.

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

When examining market research offerings, XM Group and TopFX present distinct features for traders. XM Group stands out with its daily market commentary and forex news sourced from esteemed platforms such as Bloomberg and Reuters. Additionally, XM provides tools from Trading Central and a sentiment-based trading tool that offers insights into the positioning of long or short trades across various currency pairs. XM also includes an economic calendar that keeps traders informed of upcoming global events, earning a commendable 5-star research rating and a rank of 8th out of 63 brokers according to ForexBrokers.com.

TopFX, while also offering forex news from premium sources and integrating tools from Trading Central and sentiment analysis, does not provide daily market commentary. Instead, TopFX delivers technical analysis through Autochartist, offering a different form of research support for its users. Like XM, TopFX provides an economic calendar for keeping up with global events. However, with a research rating of 3 stars and ranking 60th by ForexBrokers.com, TopFX’s research options may appeal to those looking for specific technical tools rather than comprehensive market commentary.

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 No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, XM Group stands out compared to TopFX. XM Group excels by offering a wide range of learning materials for those new to forex or CFDs. They have more than ten educational pieces in various formats like articles, videos, and archived webinars focused on guiding beginners through their trading journey. XM Group also provides online webinars at least once a month, which are stored in a searchable archive for clients to access anytime. Their offerings include at least ten beginner-friendly videos that specifically cover trading topics for newcomers, along with ten videos aimed at more advanced traders.

On the other hand, TopFX falls short in ways that may disappoint beginners who are eager to learn. They do not meet the minimum of ten educational pieces, nor do they offer regular client webinars or an archive of recorded sessions. Additionally, TopFX lacks beginner and advanced educational videos, which makes it challenging for traders to find tailored content for their learning stage. Both brokers do not offer an investor dictionary with investing term definitions, but according to ForexBrokers.com, XM Group's comprehensive approach places them significantly higher in the education category, ranked seventh, compared to TopFX's ranking at sixty-first. Overall, XM Group earns a solid 5-star rating for education, while TopFX gains 3 stars, reflecting the larger educational support XM provides to its traders.

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 88 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.




announcementPlease 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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Compare

0 of 5
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 88 67
Winner check_circle
Review XM Group Review TopFX Review
Broker Screenshots XM Group TopFX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation XM Group TopFX
Trust Score info 88 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 No No
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 No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
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 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 88 67
Winner check_circle
Review XM Group Review TopFX Review
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