After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare XM vs XTB.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both XM and XTB are rated 4.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. XM and XTB both are regulated in a major hub. XTB is a publicly traded company while XM is not. As far as how many currency pairs are available for trading, here's the answer. XM offers its clients access to 57 different currency pairs while XTB has 49 available pairs, a difference of 8.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. XM alongside XTB offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. XM and XTB offer the same number of charting tools, 31. Both XM and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, XTB comes out on top with 4.00 stars over XM's 3.50 stars. And, when it comes to individual category awards, XTB posted awards Best in Class - Customer Service in 2018, while XM found itself with none of these.