Written by ForexBrokers.com
In this head to head comparison of XM Group vs Xtrade, 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.
When choosing an online broker, understanding regulatory standings and trust ratings can be crucial. XM Group and Xtrade, both established names in the industry, differ significantly in these areas. Founded in 2009, XM Group is not publicly traded or a bank, yet it holds a prominent position with four Tier-1 licenses and one Tier-2 license. These credentials contribute to XM Group's notable Trust Score of 93 out of 99, reflecting its high trustworthiness according to ForexBrokers.com.
In comparison, Xtrade has been around since 2003 and also isn’t publicly traded or a bank. It has one Tier-1 license and one Tier-2 license, which are commendable credentials, but these contribute to a Trust Score of 74 out of 99. This rating suggests that, while Xtrade is generally reliable, it carries a moderate risk in contrast to XM Group’s stronger regulatory standing. Thus, while both brokers have their merits, XM Group's higher trust rating and regulatory backing may offer a safety edge for cautious investors.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing XM Group and Xtrade in terms of commissions and fees, several differences become evident. XM Group offers standard account spreads that are considered pricey, and it does not disclose average spread information for its commission-based XM Zero account. Despite this, XM Group earns a commendable rating of 4 out of 5 stars for commissions and fees, placing it at #33 in this category out of 63 brokers according to ForexBrokers.com.
On the other hand, Xtrade does not provide data on its average spread fees, which may make it challenging for traders to gauge potential trading costs. This lack of transparency is reflected in its ratings, as Xtrade receives a lower score of 2.5 out of 5 stars for commissions and fees. Furthermore, it is ranked last, at #63 out of 63 brokers, as per ForexBrokers.com's assessments.
Overall, XM Group appears to offer a more favorable fee structure compared to Xtrade, especially as it secures a significantly higher rating and ranking. Traders looking for potentially lower trading costs may find XM Group to be a more appealing choice, along with its more informative fee-related offerings, even if some of their specific account details are not fully transparent.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $5 | $250 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| 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 | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing XM Group and Xtrade for the variety of investment options, XM Group emerges as a more comprehensive choice for traders. XM Group offers an impressive 1,394 tradeable symbols, significantly outnumbering Xtrade, which has 482. Both platforms provide forex trading as CFDs with nearly the same number of tradeable forex pairs—XM Group offers 55 pairs while Xtrade provides 56. However, XM Group allows investing in exchange-traded securities from both U.S. and international exchanges, unlike Xtrade, which does not offer this feature. Additionally, XM Group supports copy trading, a feature Xtrade lacks, expanding its appeal to diverse investment strategies.
While neither broker facilitates purchasing actual cryptocurrencies, both offer cryptocurrency derivatives. When evaluated for their range of investments, XM Group is rated higher with 4.5 stars compared to Xtrade's 3.5 stars. This reflects in their rankings on ForexBrokers.com, where XM Group holds a stronger position at #24 out of 63 brokers in the Range of Investments category, while Xtrade is ranked at #49. Consequently, XM Group presents a more versatile platform for those seeking a broad spectrum of investment opportunities.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 482 |
| Forex Pairs (Total) | 55 | 56 |
| 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.
XM Group and Xtrade both offer simulated trading through free virtual demo accounts, making it easy for new investors to practice. While Xtrade boasts a proprietary platform, XM Group lacks this feature but compensates with the availability of the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are preferred by many experienced traders. Both brokers provide web-based trading platforms, but XM Group extends its offering with a Windows-based desktop download option. Additionally, XM Group supports copy trading, a feature notably absent from Xtrade's offerings, broadening its appeal to traders seeking more social trading opportunities.
When it comes to technical analysis tools, Xtrade surpasses XM Group by offering 100 drawing tools compared to XM Group's 15. Both platforms allow trading directly from stock charts, adding to user convenience. For watch lists, Xtrade provides a slightly broader option with 9 columns compared to XM Group's 7 columns. In terms of overall rating for trading platforms and tools, XM Group scores higher with 4 stars, while Xtrade trails with 3.5 stars. On ForexBrokers.com, XM Group ranks 32nd out of 63 brokers, demonstrating a stronger standing compared to Xtrade's 58th place in the Trading Platforms and Tools category.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| 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 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, both XM Group and Xtrade offer applications available for iPhone and Android users. However, the functionality of these apps differs significantly. XM Group provides an array of features including price alerts for stocks and forex, watchlist symbol syncing, and the capability to create watchlists with real-time quotes. Additionally, its mobile app equips users with 30 technical studies for charting as well as tools for drawing trendlines and viewing multiple time frames, like daily or weekly charts. In contrast, Xtrade lacks several of these features, such as stock or forex price alerts and the ability to sync watchlist symbols or view various time frames within its app.
Despite lacking some advanced tools compared to XM Group, both brokers have earned similar ratings for their mobile apps, scoring 4 out of 5 stars. However, in the competitive landscape of 63 brokers, XM Group holds a stronger position, ranked at number 30 for its mobile trading app offerings by ForexBrokers.com. On the other hand, Xtrade's app ranks lower at number 53. While both brokers provide valuable mobile solutions, XM Group’s app offers more comprehensive tools for those interested in a well-rounded trading experience.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both XM Group and Xtrade provide daily market commentary and access to high-quality forex news from reputable sources like Bloomberg and Reuters, ensuring traders are well-informed about market developments. However, XM Group stands out with its offering of tools like Trading Central's Technical Analytics and a sentiment-based trading tool that indicates position ratios on currency pairs. Xtrade, on the other hand, doesn't provide these particular features, potentially limiting the depth of market insights available to its users.
While neither broker offers tools from Autochartist or Acuity Trading or market research from TipRanks, both do provide an economic calendar to keep traders updated on global news events. In terms of research quality, XM Group is highly rated with a perfect score of 5 stars, ranking 8th out of 63 brokers according to ForexBrokers.com. Xtrade, rated at 3.5 stars, ranks significantly lower at 52nd place. This highlights XM Group's more comprehensive approach to market research, appealing to traders seeking deeper analytical resources.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners from online brokers XM Group and Xtrade, XM Group stands out as a more comprehensive choice. Both brokers provide a minimum of 10 educational materials, such as articles, videos, and webinars, focused on forex and CFDs. However, XM Group steps ahead by offering monthly online educational webinars, which are absent in Xtrade. Additionally, XM Group provides access to an archived library of these webinars, allowing users to revisit past learning sessions, another feature not available with Xtrade. Furthermore, beginners can benefit from XM Group's dedicated educational videos specifically designed for newcomers, as well as advanced traders, covering a wide range of trading topics. Xtrade, in comparison, does not offer the same level of targeted educational content for either beginners or experienced traders.
In terms of educational support, Xtrade offers an investor dictionary with definitions of over 50 investing terms, potentially beneficial for those seeking to expand their financial vocabulary. Despite this feature, XM Group's overall commitment to education is reflected in its higher ranking for education efficacy. XM Group holds a 5-star rating and ranks 7th out of 63 brokers in the Education category as per ForexBrokers.com, while Xtrade has a 3.5-star rating and is ranked 46th. This stark contrast highlights XM Group as a more proactive broker in facilitating the learning journey for traders at all levels.
| Feature |
XM Group
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Xtrade. XM Group finished with an overall rank of #17, while Xtrade finished with an overall rank of #60.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 74 |
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Both XM Group and Xtrade do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
Both XM Group and Xtrade offer similar options for depositing or withdrawing account funds, as they both accept Skrill, Visa or Mastercard, and bank wires, but neither supports ACH or SEPA transfers or PayPal.
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 | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
| Broker Screenshots | XM Group | Xtrade | |
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| Regulation | XM Group | Xtrade | |
|---|---|---|---|
| Trust Score | 93 | 74 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Xtrade | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XM Group | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 482 | |
| Forex Pairs (Total) | 55 | 56 | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| 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 | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $5 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | XM Group | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | XM Group | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | XM Group | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
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