XM versus FXCM

Algorithmic traders get a cutting-edge trading infrastructure at FXCM. Six specialty algorithmic trading platforms and API trading complement MT4. The proprietary Trading Station caters to manual traders, who will benefit from Capitalise AI, allowing automation of trading strategies using an intuitive, code-free environment. ZuluTrade supports social trading together with the embedded MT4 service.

XM remains one of the best-balanced multi-asset brokers, catering to 5M+ traders from 190 countries with a competitive product and services portfolio. Traders get the MT4/MT5 trading platforms, low trading costs, a broad-based asset selection, and low minimum deposit requirements. Generous bonuses, incentives, and quality trading tools are equally available.

We have conducted an in-depth review of FXCM and XM to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• XM versus FXCM - Verdict

Features and Platforms

Features & Platforms	FXCM (visit site)	XM (visit site)
Headquarter:	UK	Belize
Established :	1999	2009
Retail Loss Rate:	66.00%	75.59%
Regulation:
Minimum Deposit:	$50	$5
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	$50 annually after 12 months	$5 monthly after 90 days
Deposit Fee:	Third-Party	No
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	6	25+
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Excellent trading platform choices	Low trading costs
Unique Feature Two:	Deep liquidity	Excellent order execution
Broker Offers:	See what FXCM offers	See what XM offers

Noteworthy:

Quality education and research are available at both FXCM and XM. The latter also features one of the most efficient order execution environments, mostly without requotes or rejections.

Available Markets

Forex traders are offered fewer than 40 currency pairs at FXCM compared to approximately 60 at XM. While neither broker offers in-depth exposure to cryptocurrencies, XM takes the overall lead with 1,300+ trading instruments, providing better cross-asset trading opportunities. Equity traders get nearly 1,300 CFDs, and XM continues to expand its well-balanced asset selection.

Typical Spreads and Fees

Trading costs at both FXCM and XM remain competitive. Most retail traders will benefit from a cheaper pricing environment at XM, where minimum Forex fees commence at 0.6 pips, commission-free, or $6.00 per lot. FXCM is twice as expensive, but high-volume traders can lower costs via the commission-based account plus volume-based rebates.