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

Features & PlatformsXM (visit site)MTrading (visit site)
Headquarter:BelizeSt.Vincent and the Grenadines
Established :
20092012
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-PartyThird-Party
Withdrawal Fee
Third-PartyThird-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 executionProprietary 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 MarketsXMMTrading
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:8881:1000
Maximum Pro Leverage:
1:8881:1000

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 & FeesXMMTrading
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.6 pips1.0 pips
Minimum Commission for Forex:
Commission-free$8.00 per round lot
Commission for Equities:
0.10% (CFDs commission-free)Commission-free
Rebates:
YESNo
Execution Type:
Market MakerMarket 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 RegulatorName of the RegulatorLicense Number
St. Vincent and the Grenadines
Financial Services AuthorityUnregulated

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

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

ProsCons
Upgraded MT4 trading platform via Supreme EditionLimited 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

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

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.

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.

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