TIOmarkets vs XM

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

TIOmarkets vs XM Comparison Table 2024
TIOmarkets XM
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2.9
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4.4
TIOmarkets is ranked #97 among CFD brokers. XM is ranked #10 among CFD brokers.
Review
Review
TIO Markets is a global forex and CFD brokerage with both an offshore and UK-regulated branch. The broker has a strong customer focus, with 24/7 telephone and live chat customer service. Traders can access a range of accounts with competitive spreads from 0.4 pips. 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
  • I have found fees to be pretty competitive with TIO Markets, averaging as low as 0.2 pips for GBP/USD on the VIP account
  • The company's 24/7 customer service availability is in line with some of the top brokerages that I have reviewed
  • Another major advantage for me is the free access to Trading Central, an excellent charting and analysis tool
  • TIO Markets offers access to the powerful MT4 and MT5 platforms with market-leading analysis tools
  • UK clients will be happy to find that spread betting opportunities are supported by TIO Markets
  • I'm also pleased to see top-tier FCA regulation through the company's UK branch
  • 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
  • Most traders will be registering with the global branch, which is regulated offshore and will not offer any robust fund safeguarding measures
  • Leverage rates with the UK branch are limited to a maximum of 1:30, which may feel restricting for experienced traders
  • Compared to major competitors, TIO Markets' educational resources are notably limited
  • 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
Yes No

List of FCA Regulated Brokers

Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
Demo Account
Yes Yes
Minimum Deposit
$50 $5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA ASIC, CySEC, DFSA, FSC, FSCA
Mobile Apps
Yes 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
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4.7
Android App Rating
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3.9
Margin Trading
No 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
No 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
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Yes 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
No Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • PLN
  • HUF
Commodities
  • Gold
  • Silver
  • Oil
  • Natural Gas
  • Cocoa
  • Coffee
  • Corn
  • Cotton
  • Copper
  • Soybeans
  • Sugar
  • Wheat
  • Gold
  • Silver
  • Oil
  • Natural Gas
CFD
Unfortunately, I do feel that the broker's mediocre range of 300 CFDs will be quite restricting for most traders. It certainly doesn't compare to many other brands I review. Plus, the absence of crypto, ETF and soft commodity CFDs is a further setback. 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 1:30
FTSE Spread
20 1.5 pts
GBPUSD Spread<
0.8 1.9
Oil Spread
0.02 0.03
Stocks Spread
Variable 0.002
Forex
My tests uncovered an average selection of 46 forex pairs, including major, minor and exotic currency combinations. That said, access to both the MT4 and MT5 platforms is a major bonus for forex strategists looking for market-leading software. 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
45+ 55+
GBPUSD Spread
0.8 1.9
EURUSD Spread
0.4 1.6
EURGBP Spread
0.6 1.8
Currency Indices
  • USD
TIOmarkets XM
Review
Review
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