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 the online brokers XM Group and Xtrade, a key aspect to consider is their commissions and fees. XM Group, which has received a rating of 4 out of 5 stars in this area, provides standard account holders with spreads that are considered expensive. However, it's worth noting that the company does not publish average spreads for its commission-based XM Zero account, leaving some potential clients in the dark about the specific costs they might incur.
On the other hand, Xtrade, which has been rated 2.5 out of 5 stars for commissions and fees, also lacks transparency regarding its average spread data. Without detailed spread information, both newcomers and seasoned traders may find it challenging to gauge the costs they might face while using Xtrade's services. This lack of data may be a deterrent for those looking for comprehensive pricing details before making a decision.
In the broader landscape of online brokers, XM Group holds the #33 spot in the Commissions and Fees category out of 62 brokers as ranked by ForexBrokers.com. In contrast, Xtrade ranks at the very bottom in the same category, coming in at #62. These rankings highlight the difference in how each broker's fee structures and transparency are perceived by ForexBrokers.com.
| 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 the range of investments offered by XM Group and Xtrade, both brokers provide forex trading as a CFD option, allowing traders to engage in currency pairings without owning the actual currencies. However, XM Group impressively offers a total of 1,394 tradeable symbols, overshadowing Xtrade’s 482. The two are nearly equal in forex pair offerings, with Xtrade slightly leading with 56 pairs to XM Group's 55. XM Group stands out by providing access to exchange-traded securities on both U.S. and international markets, meaning clients can invest directly in well-known companies like Apple and Vodafone, while Xtrade does not offer this possibility.
Additionally, XM Group supports copy trading, a feature not available with Xtrade, enabling investors to automate their trades by mirroring the actions of successful traders. On the cryptocurrency front, both brokers allow trading in cryptocurrency derivatives, although neither supports the purchase of the actual digital currencies. According to ratings, XM Group scores higher with a 4.5-star rating for its range of investments compared to Xtrade’s 3.5-star rating. Furthermore, in ForexBrokers.com’s rankings, XM Group ranks 23rd out of 62 brokers, whereas Xtrade ranks 49th, highlighting XM Group’s broader suite of investment options.
| 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 it comes to online trading platforms and tools, XM Group and Xtrade offer distinct experiences, catering to different trader preferences. XM Group shines with its inclusion of both MetaTrader 4 and MetaTrader 5, popular platforms known for their comprehensive features. In contrast, Xtrade provides its proprietary platform, offering a unique in-house solution. Both brokers offer web-based trading, but for desktop enthusiasts, XM Group is the only one providing a Windows-based download option. Simulated trading is available with both, allowing beginners to start with virtual demo accounts. Copy trading is an added advantage with XM Group, whereas Xtrade does not support this feature.
Charting enthusiasts will find varied toolsets with each broker. While Xtrade impresses with 100 drawing tools, XM Group offers 15 but compensates with straightforward execution directly from stock charts, a feature available with both brokers. Watchlist customization is slightly more flexible with Xtrade, featuring 9 fields compared to XM Group’s 7. Overall, XM Group edges out Xtrade in broker rankings and is rated higher for trading platforms and tools. ForexBrokers.com ranks XM Group #31 in this category, while Xtrade lags at #58, yet for individual needs, evaluating the specific tools and platforms offered by each broker remains crucial.
| 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.
Both XM Group and Xtrade offer mobile apps for trading on iPhone and Android devices. XM Group's app stands out by providing stock and forex price alerts, which are not available with Xtrade. XM Group also supports watchlist syncing, ensuring that changes made on your mobile app are reflected online, a feature absent in Xtrade. While both apps rate 4 out of 5 stars, XM Group is ranked higher in the Mobile Trading Apps category, coming in at #29 compared to Xtrade's #53 according to ForexBrokers.com.
XM Group's mobile app excels in technical analysis features, offering 30 technical studies for charting and the ability to draw trendlines and view multiple time frames. This gives traders a more comprehensive toolset compared to Xtrade, which does not provide these functionalities in its app. While neither app auto-saves drawings on charts, XM Group allows users to create watchlists with real-time quotes, unlike Xtrade, enhancing its appeal for traders who rely on real-time market data.
| 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.
When diving into the world of online trading, XM Group and Xtrade both provide essential tools for market research, yet they cater to their users in different ways. Both brokers offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders are well-informed about market shifts. While neither broker boasts tools from Autochartist or provides research insights from TipRanks, XM Group enhances its offerings with Trading Central's technical analytics and a sentiment-based trading tool that displays long and short positions across currency pairs. On the other hand, Xtrade does not include such features, potentially limiting the depth of analysis for traders relying on sentiment data.
Both brokers support traders by offering an economic calendar showcasing global news events, crucial for keeping an eye on the economic landscape. However, in terms of research rating, XM Group outshines with an impressive 5-star rating compared to Xtrade's 3.5 stars. Furthermore, XM Group holds the #8 position among 62 brokers ranked by ForexBrokers.com for their research category, illustrating their commitment to superior market analysis resources. Meanwhile, Xtrade finds itself at #52, indicating room for enhancement in providing comprehensive market research tools.
| 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 XM Group and Xtrade as educational resources for beginners interested in forex and CFDs, XM Group clearly comes out on top. XM Group offers beginners more than just the basics with over 10 educational pieces, including articles, videos, and archived webinars. They consistently provide online webinars each month and maintain an easily searchable archive for those who want to revisit past sessions. Additionally, their extensive video library caters to both new and experienced traders, ensuring a comprehensive learning path. Though they don't offer an investor dictionary, their commitment to providing high-quality educational content is reflected in their five-star rating and impressive #7 ranking among 62 brokers.
On the other hand, Xtrade does provide a solid foundation with educational materials, offering over 10 pieces related to forex and CFDs. However, their offerings fall short in several areas. They lack monthly webinars and a searchable archive of past sessions, which limits ongoing learning opportunities. Furthermore, while they do offer an investor dictionary, their beginner and advanced video content is limited, which might not fully meet the needs of traders seeking in-depth guidance. With a 3.5-star rating and ranking at #46, Xtrade trails behind XM Group in the education category.
| 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 62 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 #59.
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 |
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| Trust Score | 88 | 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 | 88 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
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| 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 | |
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| Trust Score | 88 | 74 | |
| Winner | check_circle | ||
| Review | XM Group Review | Xtrade Review |
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