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 comparing online brokers XM Group and Xtrade, it's essential to consider their history, public status, and regulatory standings. Founded in 2009, XM Group is a privately owned, non-banking institution. Xtrade, established earlier in 2003, shares a similar private, non-banking status. However, their differences become clearer in their regulatory backing. XM Group holds a stronger position with 4 Tier-1 and 1 Tier-2 licenses, elevating its credibility. Meanwhile, Xtrade has 1 Tier-1 and 1 Tier-2 license each, suggesting slightly less stringent oversight.
The ForexBrokers.com Trust Score highlights these differences in trust levels. XM Group scores an 88 out of 99, classifying it as a trusted broker. In contrast, Xtrade scores a 74, indicating an average risk level. This distinction helps investors gauge the level of trust and security they might expect from each broker in their trading operations. Understanding these aspects can aid in making an informed choice between the two financial service providers.
| 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 it comes to the variety of investments available, XM Group and Xtrade both offer attractive options for traders, though there are some key differences. Both platforms provide access to forex trading via CFDs, with XM Group offering 1,394 tradeable symbols, while Xtrade lists 482. Regarding forex pairs, XM Group offers a selection of 55 pairs, just shy of Xtrade's 56 pairs. However, XM Group goes a step further by allowing users to invest in exchange-traded securities in both U.S. and international markets. Xtrade, on the other hand, does not provide access to these types of investments.
In terms of additional features, XM Group supports copy trading, allowing users to mirror the trades of experienced investors—an option not available with Xtrade. While both brokers offer the ability to trade cryptocurrency derivatives, neither allows the purchase of actual cryptocurrencies. When comparing ratings, XM Group receives 4.5 stars for its range of investments, significantly outdoing Xtrade’s 3.5 stars. This score is reflected in their rankings by ForexBrokers.com, where XM Group holds the 23rd spot, compared to Xtrade's position at 49 out of 63 brokers surveyed. Overall, XM Group presents a broader array of investment opportunities and features to cater to various trader needs.
| 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.
When comparing the trading platforms and tools of XM Group and Xtrade, XM Group offers a well-rounded selection that includes popular platforms like MetaTrader 4 and MetaTrader 5, both available for Windows desktop download and web-based trading. In contrast, Xtrade provides a proprietary platform developed in-house. Both brokers offer simulated trading with free virtual demo accounts so clients can practice before diving into real trading. XM Group supports copy trading, enhancing traders' ability to mirror the strategies of experienced traders, a feature missing from Xtrade's offerings. While XM Group provides 15 drawing tools, Xtrade stands out with 100, allowing for more detailed charting analysis.
Xtrade offers nine columns for watch lists compared to XM Group’s seven, providing more fields for customization. However, XM Group takes the lead with the ability to trade directly from stock charts, a feature also present in Xtrade. XM Group is slightly higher rated for its trading platforms and tools, earning four out of five stars and ranking #31 out of 63 brokers according to ForexBrokers.com. Xtrade, on the other hand, earns 3.5 stars and is ranked #58 in the same category, reflecting its position as a reliable choice, but one that may not offer as extensive tools or platform options as XM Group.
| 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.
For those navigating the mobile trading market, both XM Group and Xtrade offer convenient apps for iPhone and Android users. While each provides essential trading functions, XM Group's mobile application stands out with additional features like stock or forex price alerts and watchlist symbol syncing between the mobile app and the client's online account. This syncing capability ensures that any updates made on the watchlist are consistently reflected across all platforms. On the charting front, XM Group provides 30 technical studies and supports drawing trendlines as well as viewing multiple time frames, ranging from daily to intraday. Unfortunately, neither XM Group nor Xtrade saves drawings automatically on charts.
Despite the parallels in their offerings, such as providing the infrastructure to create watchlists, XM Group edges ahead with its real-time quote feature in the mobile app—a function Xtrade lacks. In terms of user ratings, both apps receive a solid 4-star rating. However, XM Group's app is ranked higher by ForexBrokers.com, coming in at #29 out of 63 brokers compared to Xtrade's position at #53. Ultimately, if enhanced charting tools and real-time updates are on your checklist, XM Group's mobile app might be the better choice.
| 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
|
Xtrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 88 | 74 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XM Group | Xtrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
| Broker Screenshots | XM Group | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | XM Group | Xtrade | |
|---|---|---|---|
| Trust Score | 88 | 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill