MTrading versus XM
MTrading offers traders the core MT4 trading platforms and upgrades it with the MT4 Supreme Edition, an industry leading MT4 upgrade available at a few brokers. MTrading operates from 10+ global offices and caters to 250,000+ traders and 5,000+ partners. It focuses on asset management via PAMM accounts and deploys its proprietary copy trading service focused on mobile traders.
XM provides 5M+ traders from 190 countries with upgraded MT4/MT5 trading platforms. Traders also benefit from low trading costs, an excellent order execution environment, high leverage, and a well-balanced choice of trading instruments.
Both brokers offer beginner traders quality education, market research, and trading ideas, but XM maintains higher quality services.
I have conducted an in-depth review of MTrading 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
- MTrading versus XM - Verdict
Features and Platforms
| Features & Platforms | XM (visit site) | MTrading (visit site) |
 |  | |
| Headquarter: | Belize | St.Vincent and the Grenadines |
Established : | 2009 | 2012 |
Retail Loss Rate: | 75.59% | Undisclosed |
Regulation: | ||
Minimum Deposit: | $5 | $100 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $5 monthly after 90 days | $50 monthly after twelve months |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 25+ | 30+ |
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 | PAMM Accounts |
Unique Feature Two: | Excellent order execution | Proprietary copy trading platform |
Broker Offers: |
Noteworthy:
MTrading and XM offer generous bonuses, but the latter has a reward program for high-frequency traders. Traders at MTrading must deposit $500 for access to competitive trading conditions.
Available Markets
| Available Markets | XM | MTrading |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:888 | 1:1000 |
Maximum Pro Leverage: | 1:888 | 1:1000 |
While the asset selection at both brokers covers the same sectors, XM has notably more quantity than MTrading, except for cryptocurrencies, where XM falls behind. MTrading caters well to scalpers and other strategies that require fewer but liquid assets. XM maintains trading instruments suitable for all trading strategies with broad-based cross-asset diversification opportunities.
Typical Spreads and Fees
| Typical Spreads & Fees | XM | MTrading |
Minimum Raw Spreads: | Not applicable | 0.0 pips |
Minimum Standard Spreads: | 0.6 pips | 1.0 pips |
Minimum Commission for Forex: | Commission-free | $8.00 per round lot |
Commission for Equities: | 0.10% (CFDs commission-free) | Commission-free |
Rebates: | YES | No |
Execution Type: | Market Maker | Market Maker |
XM offers commission-free Forex spreads from 0.6 pips or $6.00 per lot versus 1.0 pips or $10.00 at MTrading or 0 pips for a commission of $8.00. Equity traders can get lower costs at MTrading due to its commission-free pricing environment, dependent on spreads, while XM charges an industry-standard 0.10% fee.
Security and Trust
MTrading
| Country of the Regulator | Name of the Regulator | License Number |
St. Vincent and the Grenadines | Financial Services Authority | Unregulated |
XM
| Country of the Regulator | Name of the Regulator | License Number |
Belize | International Financial Services Commission | 000261/158 |
UK | Financial Conduct Authority | 705428 |
Cyprus | Cyprus Securities and Exchange Commission | 120/10 and 256/14 |
Australia | Australian Securities and Investment Commission | 443670 |
Dubai | Dubai Financial Services Authority | F003484 |
Bahamas | Securities Commission of the Bahamas | SIA-F201 |
US | Commodity Futures Trading Commission / National Futures Association | NFA #0516820 |
MTrading operates as an unregulated but duly registered broker from St.Vincent and the Grenadines, where the financial regulator also oversees business registrations. MTrading is a member of the Hong Kong-based Financial Commission, which audits financial statements and offers a €20,000 investor compensation fund, on par with CySEC-regulated brokers. XM and MTrading provide negative balance protection, segregate client deposits from corporate funds, and maintain a trustworthy reputation.
XM vs FBS – Verdict
MTrading
| Pros | Cons |
| Upgraded MT4 trading platform via Supreme Edition | Limited asset selection |
| PAMM accounts and copy trading platform | $500 minimum deposit for the competitively priced account |
| High leverage and 30+ payment processors | |
| Generous bonus program and affiliate offers |
XM
| Pros | Cons |
| 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 |
MTrading maintains a trading environment ideal for copy traders with a preference for mobile trading and select asset management strategies. For a higher minimum deposit of $500, traders get acceptable trading costs, maximum leverage of 1:1000, and an upgraded MT4 trading platform. XM offers a similar core trading environment with higher quality, featuring lower trading costs and minimum deposits, a broader asset selection, and superior order execution.
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