FXCC versus XM

FXCC established itself as an ECN/STP broker, offering traders the core MT4 trading platform, including the MAM module for asset management services. It has one account type for all clients without minimum deposit requirements and maximum leverage of 1:500. Beginner traders get a basic introduction to trading and quality research and trading signals.

XM caters to 5M+ traders from 190 countries. It offers traders the MT4/MT5 trading platforms, high leverage, low minimum deposits, and a well-balanced asset selection. The educational and research portfolio remains at the top of its class, and the XM execution environment, with 2.4 billion trades executed without requotes or rejections, is ideal for demanding traders.

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

Features and Platforms

Features & PlatformsXM (visit site)FXCC (visit site)
Headquarter:BelizeVanuatu
Established :
20092010
Retail Loss Rate:
75.59%Undisclosed
Regulation:
Minimum Deposit:
$5$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after 90 daysNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
25+18
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:
Low trading costs Low trading costs
Unique Feature Two:
Excellent order executionDaily trading signals
Broker Offers:

Noteworthy:

FXCC and XM share a similar core trading environment, supportive of algorithmic trading solutions. Both offer high leverage, excellent order execution, and generous bonuses, but FXCC maintains a minor edge in trading costs.

Available Markets

Available MarketsXMFXCC
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:8881:500
Maximum Pro Leverage:
1:8881:500

Forex traders get a broader choice of currency pairs at FXCC versus XM, with 71 against 57, while XM lists more cryptocurrencies, with eight against 31, following XM’s recent expansion. The most notable difference between the offerings of FXCC and XM is equity trading, which FXCC does not offer. Both serve their core markets competitively.

Typical Spreads and Fees

Typical Spreads & FeesXMFXCC
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.6 pips0.0 pips
Minimum Commission for Forex:
Commission-freeCommission-free
Commission for Equities:
0.10% (CFDs commission-free)Not applicable
Rebates:
YESNo
Execution Type:
Market MakerECN/STP

FXCC maintains an industry-leading pricing environment, offering traders commission-free access to raw spreads of 0 pips but average costs of 0.5 pips. XM has commission-free trading costs with a minimum mark-up of 0.6 pips. FXCC lists no additional costs except bank wire charges, while XM applies a $5 monthly inactivity fee after 90 days.

Security and Trust

FXCC

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission121/10

XM

Country of the RegulatorName of the RegulatorLicense Number
Belize
International Financial Services Commission000261/158
UK
Financial Conduct Authority705428
Cyprus
Cyprus Securities and Exchange Commission120/10 and 256/14
Australia
Australian Securities and Investment Commission443670
Dubai
Dubai Financial Services AuthorityF003484
Bahamas
Securities Commission of the BahamasSIA-F201
US
Commodity Futures Trading Commission / National Futures AssociationNFA #0516820

FXCC and XM segregate client deposits, offer negative balance protection, and are trustworthy brokers. All non-EEA FXCC traders will deal with the unregulated but duly registered Vanuatu subsidiary, registration number 14576. The UK and Cyprus subsidiaries also offer an investor compensation fund.

XM vs FBS – Verdict

FXCC

ProsCons
Commission-free raw spreads from 0 pips with average cost of 0.5 pipsEquity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

XM

ProsCons
Well balanced overall asset selection Limited cryptocurrency selection
Upgraded MT4/MT5 trading accounts with excellent order execution statistics
Low minimum deposit of $5 and maximum leverage of 1:888
Competitive commission-free trading costs from $5.00 per 1 standard lot

XM has the edge in asset selection. It presents a compelling choice for DMA equity investors and maintains competitive trading conditions. However, FXCC offers Forex traders a better overall trading environment with a broader choice of currency pairs and lower trading costs, making it ideal for scalpers and other high-frequency trading strategies.

Read full XM Review
Read full FXCC Review

FAQs

What broker is better than XM?

XM remains an overall highly competitive broker, but some competitors like FXCC have slightly superior offerings for most traders. Forex traders will find the Forex trading conditions at FXCC superior to XM, with a wider selection of currency pairs and crosses, and lower trading costs.

Is XM a good broker in South Africa?

XM offers South African traders a good choice with high-quality trading tools and a product and services portfolio that supports most assets and strategies.