Home Brokers Comparison XM Group vs. XTB

XM Group vs. XTB

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XM Group and XTB are leading brokerage firms. XM is a secure MetaTrader broker with licenses from the ASIC, IFSC, FCA, and CySEC. It provides access to excellent learning tools and market data. XM is a good fit for beginner traders. 

XTB is a trustworthy online broker for beginner traders. It has an FCA license and a transparent fee structure. XTB offers easy-to-learn trading platforms and many educational tools. We recommend it for new investors who want to improve their trading skills. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between XM Group and XTB. 

Broker Name XM GroupXTB
Year Founded20092002
RegulationASIC, FCA, CySEC, IFSCFCA, KNF, BaFIN, CNMV, AMF, CySEC, and FSC
Tradable AssetsForex, CFDCFDs on 3900 stocks and ETFs, 22 commodities, 42 indices, 25 cryptocurrencies, 49 forex pairs, 7800 cash equities (i.e., non-leveraged), 150 ETFs
Min Deposit$5-100250 ($, £, €)
Min Trade$00
PlatformsMT4, MT5xStation 5 (proprietary), MT4 (Higher spread)
DepositFree of charge100 ($, £, €) – free
WithdrawalsFree of charge100 ($, £, €) – free

Top findings from the XM Group vs. XTB review:  

  1. XM Group is a trustworthy MetaTrader broker with a valuable learning center. 
  1. XTB is a leading beginner-friendly broker with reliable educational materials. 
  1. Both brokerage firms offer a demo account to test their offering. 

Both brokers are excellent choices for new traders. XM Group has the full MetaTrader suite with many learning materials. XTB offers straightforward platforms, educational tools, and tutorials. 

Level of experience  

XM Group provides the MetaTrader suite. It offers investor trading support and a virtual trading account for testing its services. This brokerage firm is a top choice for beginners, as it has many learning materials and tools. 

XTB offers simple-to-learn platforms with intuitive interfaces. All its tools are user-friendly, and it offers excellent educational materials. 

Fees  

The minimum initial deposit fee at XM starts at $5, while XTB doesn’t charge a fee. The average EUR/USD spread at XM is 1.6, while at XTB is 0.86. Both brokers have a transparent fee structure. 

Assets  

XM has 57 forex currency pairs, while XTB has 49 available pairs. XTB provides access to 9600 CFDs, while XM has 1372 available CFDs. 

Trading platform  

XM is a MetaTrader-only broker with MT4 and MT5. These suites are customizable and simple to understand. XM offers access to a valuable research center with trading signals and articles. We recommend it for beginner traders, as it has a diverse educational portfolio. 

XTB has a beginner-friendly proprietary platform, desktop, web, and mobile app. It offers access to MT4 and social trading services. Its virtual trading account allows new traders to test its offering with virtual money. 

Banking services  

Banking services are an important component of online trading. XTB offers many funding solutions, including bank wire, credit/debit cards, PayPal and Skrill. XM has bank wire, credit/debit cards, and Skrill funding solutions. 

Final verdict  

XM Group and XTB are leading brokerage firms with beginner-friendly services. Both have strengths and weaknesses depending on your trading style and goals. We recommend both brokers for new investors, as they offer excellent educational content. 

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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