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FairMarkets vs XM

FairMarkets or XM – which is better for UK traders 2024? Compare FairMarkets and XM in this detailed breakdown of their platforms, features and fees.

FairMarkets vs XM Comparison Table 2024
FairMarkets	XM

Not Rated	4.4
FairMarkets is ranked #96 among CFD brokers.	XM is ranked #10 among CFD brokers.
Review	Review
FairMarkets is a multi-regulated trading broker with MT4 and MT5. Low fees, flexible leverage and analysis from Trading Central make it a solid all-round broker.	XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.
Pros
Demo account MT4 integration Low minimum deposit Good execution speed Full range of investments	XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries Transparent and low fees with spreads from 0.0 pips that will help protect trading profit margins The broker offers premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools XM is a hugely respected broker authorized by tier-one regulators
Cons
No copy trading	There is weak regulatory oversight through the global entity There's $5 inactivity fee after only 3 months, though this won't affect active traders PayPal deposits are not supported
Awards
	The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
CFDs, Stocks, Forex, Commodities, Indices, Cryptocurrencies	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Demo Account
Yes	Yes
Minimum Deposit
$0	$5
Payment Methods
Credit Cards Debit Card Mastercard Skrill Visa Wire Transfer	Apple Pay Credit Cards Debit Card Google Pay Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FSC	ASIC, CySEC, DFSA, FSC, FSCA
Mobile Apps
iOS & Android	iOS, Android & Windows
Trading App
	XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to trade from your hand.
iOS App Rating
	4.7
Android App Rating
	3.9
Margin Trading
Yes	Yes
Margin Rate
	0.2%
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
Yes	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
Yes	Yes
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$5
Islamic Account
No	Yes
Account Currencies
USD AUD	USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF
Commodities
Gold Silver Oil Platinum Natural Gas	Cocoa Coffee Corn Cotton Copper Soybeans Sugar Wheat Gold Silver Oil Natural Gas
CFD
Use leveraged CFDs to go long or short on a range of financial markets with low fees.	Traders can speculate on leveraged CFDs with zero commissions, spanning popular markets including currencies, equities and commodities. Additionally, the MetaTrader platforms collectively offer dozens of advanced technical indicators built for short-term strategies.
Leverage
1:30 (Aussie Retail), 1:500 (Aussie Pro), 1:1000 (Global)	1:30
FTSE Spread
1.2	1.5 pts
GBPUSD Spread<
0.4	1.9
Oil Spread
0.3	0.03
Stocks Spread
Variable	0.002
Forex
Trade popular currency pairs with tight spreads and competitive commissions.	XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Over 50 currency pairs are available, which is above the market average and is in line with one of our top award-winners, AvaTrade.
Assets
40+	55+
GBPUSD Spread
0.4	1.9
EURUSD Spread
0.3	1.6
EURGBP Spread
0.8	1.8
Currency Indices
	USD
Cryptocurrency
Trade Bitcoin and other key cryptos against the USD with 1:2 leverage.	XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with high leverage up to 1:500. You can explore major tokens like Bitcoin, Ethereum and Ripple with just a $30 deposit.
Spread
From 20.0	Variable
Coins
BTC ETH LTC	BTC ETH LTC XRP BCH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

FairMarkets	XM
Review	Review
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