Comparison
MTrading versus XM

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


Headquarters	Cyprus	Belize
Regulators	ASIC, CySEC, DFSA, FSC Belize	EFSA, FSC Belize
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2009	2013
Execution Type(s)	Market Maker	Market Maker
Minimum Deposit	$5	$1
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform	Other, MetaTrader 4, Web-based+
Average Trading Cost EUR/USD	0.1 pips	2.0 pips ($20.00)
Average Trading Cost GBP/USD	0.2 pips	2.7 pips ($27.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.15
Average Trading Cost Gold	$0.19	$0.35
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Get Started	Get Started

Features and Platforms


MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Get Started	Get Started

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


Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
ETFs
Futures
Synthetics
	Get Started	Get Started

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


Average Trading Cost EUR/USD	0.1 pips	2.0 pips ($20.00)
Average Trading Cost GBP/USD	0.2 pips	2.7 pips ($27.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.15
Average Trading Cost Gold	$0.19	$0.35
Average Trading Cost Bitcoin	N/A	$400.00
	Get Started	Get Started

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


Country of the Regulator	United Arab Emirates, Australia, The Bahamas, Belize, Cyprus, United Kingdom, United States	N/A
Name of the Regulator	ASIC, CySEC, DFSA, FSC Belize	EFSA, FSC Belize
Regulatory License Number	705428, 120/10, 443670, 000261/397, F003484, SIA-F201, 0516820	N/A
Regulatory Tier	1,1,1,4,2,4,1	N/A
	Get Started	Get Started

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.

You might also be interested in reviewing the below broker comparisons:

Read full XM Review

Read full MTrading Review

FAQs

Is MTrading a good broker?

MTrading is a good broker for social traders due to its proprietary copy trading service. It also offers excellent upgrades to MT4, but traders should deposit $500 for access to lower trading costs. Otherwise, it is an expensive broker.

What broker is better than XM?

XM presents an overall competitive trading environment, but some brokers offer lower costs, especially for high-volume traders, more trading instruments, or superior trading tools.

Is MTrading regulated?

MTrading is unregulated but a member of the Financial Commission, creating equal or superior protection compared with many regulators, including the CySEC.