Home Brokers Comparison XM Group vs. FxPro

XM Group vs. FxPro

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XM Group and FxPro are leading online brokers with versatile portfolios. XM is a popular MetaTrader broker with beginner-friendly services. It is a secure broker with licenses from the ASIC, FCA, CySEC, and IFSC. XM provides leading educational tools and market research data. We recommend it for beginner investors because of its comprehensive learning tools. 

FxPro is a trustworthy MetaTrader broker with many account tiers and execution methods. It offers both MT4 and MT5 suites with access to a valuable learning center. We recommend it for traders at all levels who want access to useful trading knowledge. 

This article discusses the advantages and disadvantages of XM Group and FxPro. 

Broker NameXM GroupFxPro
Year Founded20092006
RegulationASIC, FCA, CySEC, IFSCDFSA, FSCA, SBC, FCA, and the CySEC
Tradable AssetsForex, CFDcryptocurrencies, futures, commodities, 70+ Forex pairs, 150+ equity shares, stock indices
Min Deposit$5-100$100
Min Trade$0$1,000 (recommended) can fund $100 each time
PlatformsMT4, MT5FxPro Edge, (Proprietary), MetaTrader, cTrader
DepositFree of charge$100
WithdrawalsFree of charge$100

Top findings from the Interactive Brokers vs. FxPro review:  

  1. XM Group is a trustworthy broker with top-tier licenses and beginner-friendly services. 
  1. FxPro is a safe broker with a valuable learning center. 
  1. Both brokers offer a virtual trading account to test their services. 

XM Group and FxPro are beginner-friendly online brokers with impressive trading experiences. Both offer access to easy-to-learn platforms and valuable learning tools. 

Level of experience  

XM Group provides the full MetaTrader experience with access to MT4 and MT5. It offers investor trading support, a virtual trading account, and a versatile portfolio. XM has many learning tools, including trading videos and materials. 

FxPro offers a dedicated learning center with webinars and beginner trading videos. It has insights from education leaders, including IG and FXCM. FxPro has beginner-friendly platforms and tools. 

Fees  

The minimum deposit fee at XM ranges between $5 and $100, depending on the brokerage account you choose. FxPro has a minimum deposit fee of $100. The average EUR/USD spread at XM is 1.6, while at FxPro is 1.51. 

Assets  

FxPro offers 70 forex currency pairs, while XM has 57 available pairs. XM has 1372 CFDs, while FxPro has 411 available CFDs. 

Trading platform  

XM Group offers the MT4 and MT5 suites, but it doesn’t have proprietary platforms. These suites are easy to learn and highly customizable. XM has a valuable research center with trading signals and articles. This broker offers diverse educational content, useful for beginner investors. 

FxPro has a proprietary web platform, FxPro Edge, and offers cTrader and MetaTrader. It has social trading tools and many learning materials. Its platforms are beginner-friendly and offer an excellent online trading experience. 

Banking services  

Banking services contribute to a convenient online trading experience. FxPro offers many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. XM has bank transfers, credit/debit cards, and Skrill. 

Final verdict  

XM and FxPro are leading brokerage firms with beginner-friendly services. Both have advantages and disadvantages, depending on your trading style and goals. Both brokers offer straightforward platforms with valuable learning materials. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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