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.
TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active traders.
Pros
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
ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets
High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients
Four in-house platforms including a proprietary mobile app with real-time data streaming
Simple pricing structure; free or paid stock and options orders (eligibility requirements apply)
On-demand tutorial videos and live stream market insights
The US entity is registered with the FINRA and SIPC
Innovative solution to mark unused locates for credit
Pre-market and post-market trading hours
Cons
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
TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable
High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500)
The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas
A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals
Customer support is available 24/7 with a responsive live chat
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
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%
8%
MetaTrader 4
Yes
No
MetaTrader 5
Yes
No
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
Yes
No
Market Maker
Yes
No
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes
No
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
Yes
No
Trade Signals
Yes
VPS Hosting
Yes
No
Tournaments
Yes
No
Demo Competitions
No
No
Ethical Investing
No
No
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Inactivity Fee
$5
Islamic Account
Yes
No
Account Currencies
USD
EUR
GBP
AUD
JPY
ZAR
CHF
SGD
PLN
HUF
USD
Commodities
Cocoa
Coffee
Corn
Cotton
Copper
Soybeans
Sugar
Wheat
Gold
Silver
Oil
Natural Gas
CFD
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
FTSE Spread
1.5 pts
GBPUSD Spread<
1.9
Oil Spread
0.03
Stocks Spread
0.002
Forex
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.
