XM vs XTB objectively aims to provide information for investors to choose the appropriate exchange and increase profits during the trading process, As referenced from much official information MForex helps evaluate XM and XTB exchanges, please refer to and consider before making a decision.
Overview of XM and XTB exchanges
What is an XM Forex platform? XM exchange review
XM was launched in 2009 in Cyprus, owned by XM Group – Trading Point Holdings Ltd and managed by XM Global Limited. XM platform provides foreign exchange (forex) and contracts for difference (CFD) trading services. XM has grown into one of the major trading platforms, offering diverse trading platforms, enthusiastic customer support, and educational services to assist newcomers to the financial market.
Up to now, XM exchange is known as a large and famous Forex exchange
- 10 million members
- With 120 countries,
- Support 30 kinds of languages,
- 16 trading software platforms
What is the XTB trading platform?
XTB was established in 2002, possessing licenses from reputable financial management organizations such as:
- FCA, CySec, Polish Financial Supervision Authority
- IFSC, CNMV, DFSA.
In 2016, XTB succeeded in listing on the Warsaw Stock Exchange.
In 2018, XTB continued its expansion strategy by increasing the number of CFD cryptocurrency pairs
- BTC/USD, LTC/USD, ETH/USD, DASH/USD, and XRP/USD, up to 20 pairs.
- The list includes Neo, Tron, EOS, Stellar, IOTA and Ether Classic
XM vs XTB in terms of reputation
Evaluate whether XM exchange is reputable in the trading world or not.
XM is a trusted forex trading platform, authorized by leading global financial institutions and strictly adheres to management standards.
XM Exchange owns the following licenses:
- License No. 120/10 from CySEC – Cyprus Securities and Exchange Commission,
- License number 000261/158 from FSC – International Financial Services Commission in Belize.
We approach the problem from an objective, research-based perspective. XM Exchange has multiple operating licenses, not just one. It is worth noting that these licenses are issued by the world’s leading organizations. XM has been honored with many awards, including:
- Awarded “Most Trusted Broker Globally” and “Most Transparent Broker Globally” by CFI (Capital Finance International)
- Asia’s Most Trusted Forex Broker from Global Forex Awards 2019
So is the assessment of the XM exchange reputable?
All of these achievements have proven its reputation and reliability, especially in a competitive market.
>>>See more: The most detailed instructions for login XM for traders
Reputation of XTB exchange?
Since its inception, XTB has proven itself to be a leading, trustworthy exchange
- Strictly controlled by leading regulatory organizations such as KNF, CNMV, FCA, IFSC, and CySec.
- KNF, Polish Financial Supervisory Authority.
- CNMV, or Spanish National Securities Market Commission.
- FCA, the UK Financial Conduct Authority.
- IFSC, i.e. International Financial Services Commission.
- CySec, the Cyprus Securities and Exchange Commission.
If you want more references about other exchanges, you can see more differences between IC Marktes vs XM in the next sharing article of MForex.
XM vs XTB about trading conditions
Trading platform
XM vs XTB table in terms of trading platforms
| Criteria | XM exchange | XTB exchange |
|---|---|---|
| Platform Type | MT4, MT5, Web Trader | xStation 5, MT4, MT5, WebTrader |
| Diverse Tools | Possesses professional technical indicators and tools | Technical analysis tools across multiple platforms |
| Mobile Application | There are iOS and Android apps | Apps for both iOS and Android |
| Automated Trading | EA supports automated trading | Supports automatic trading |
| Index And News | Provides economic indicators and market news | Update indexes and market news |
| Lever | Up to 1:888 | Up to 1:500 |
| Market Quantity | Trade foreign exchange, CFDs, stocks, commodities | Trade stocks, forex, commodities, CFDs |
| Additional Utilities | 24/5 customer support, trading course | Education center, 24/5 customer support |
| Language Support | Multi-language | Multi-language |
Types of XM and XTB trading accounts
XM vs XTB table of trading account types
| XM account | XTB account | |
|---|---|---|
| Highlights | Low spreads, ability to trade many types of assets, attractive promotions | Diverse currency pairs, flexibility in account options |
| Account types | Trading accounts include Micro, Standard, XM Zero, XM Ultra Low | Standard, Pro, Islamic, and XTB Ultra accounts |
| Number of assets | 1000+ currency pairs, including currencies, commodities, stocks and cryptocurrencies | More than 2000 currency pairs, including currencies, commodities, stocks, cryptocurrencies |
| Transaction fees | Spread fees and | Spread fees and |
| commission (optional) | commission (optional) | |
| Lever | Up to 1:888 | Up to 1:500 |
| Promotion program | Diverse promotions | Incentive programs |
| Management facility | FCA, CySEC | KNF, CNMV, FCA, IFSC, CySec |
Trading products
Comparison table of XM and XTB trading platforms in terms of trading products
| Trading Products | XM exchange | XTB exchange |
|---|---|---|
| Support | Forex (over 55 currency pairs) | Forex (48 currency pairs) |
| Foreign Exchange (Forex) | Have | Have |
| CFD | Yes (stocks, commodities, indices…) | Yes (stocks, commodities, indices…) |
| Share | Are not | Have |
| Goods | Have | Have |
| Index | Have | Have |
| Digital Currency | Are not | Yes (Bitcoin, Ethereum, and other virtual currencies) |
| Binary Options | Are not | Have |
Supports maximum leverage
Comparison table of XM and XTB in terms of leverage support
| Maximum Leverage | XM exchange | XTB exchange |
|---|---|---|
| Lever | 1:888 (except Share account) | 1:500 (depending on product type) |
Compare XM and XTB in terms of trading costs
XM vs XTB regarding swap fees
Comparison table of XM and XTB overnight fees
| XM exchange | XTB exchange | |
|---|---|---|
| Basic overnight fees | Yes, varies by currency pair. | Yes, varies by currency pair. |
| Swap fee for Buy (Long) position | Have | Have |
| Swap fee for Short position | Have | Have |
| Swap fees for popular currency pairs | Fees are usually low | Fees are often high |
| Specific information about swap fees | You can find out more at the XM website | You can find out more at the XTB website |
Trading commissions on XM and XTB
Table comparing XM and XTB in terms of commissions for each exchange
| MForex commission | XTB trading commission | |
|---|---|---|
| Deposit/withdrawal form | Free of charge | Free of charge |
| Foreign currency commission | No commission fees | Spreads start from 3.5 USD per lot |
| Difference | N/A (No commission) | Spreads start from 0.1 pip (depending on account type) |
| Account type | N/A (No commission) | |
| Standard account | N/A (No commission) | Spreads start from 0.5 pips; Commissions from 0.08% per lot for stock CFDs and ETF CFDs |
| Pro Account | N/A (No commission) | Spreads start from 0.1 pips; commissions from 3.50 USD per lot for Forex, indices, cryptocurrencies, and commodities; from 0.08% per lot for stock CFDs and ETF CFDs |
| Islamic account | N/A (No commission) | Spreads start from 0.7 pips; Commission fees from 10 USD per lot |
XM vs XTB about customer service
XM vs XTB table about XM and XTB exchange customer support
XM exchange supports 24/5 customer service through LiveChat, email, and direct support.
XM exchange can schedule customer support for transactions
XTB exchange supports customers 24/5 through Live chat, email, and direct support
Comparison table of XM and XTB, XM and XTB exchange payment systems
| XM exchange | XTB | |
|---|---|---|
| Deposit/withdrawal method | Credit cards, bank transfers, e-wallets, Skrill, Neteller, FasaPay, UnionPay and many more | Nganluong payment gateway, visa card, Master card, Neteller, Paysafe, SafetyPay |
| Processing Time | Depending on the method, usually within minutes to days | Depending on the method, usually within minutes to days |
| Transaction fees | Fees may apply for some deposit/withdrawal methods | Fees may apply for some deposit/withdrawal methods |
| Multi-language support | Have | Have |
Compare XM and XTB trading platforms in terms of deposit and withdrawal speed
XM deposit and withdrawal is quite fast and convenient. Supports no deposit and withdrawal fees
XTB platform quickly deposits/withdraws money within 24 hours, with no deposit fee via e-wallet.
Compare XM and XTB trading platforms in terms of advantages and disadvantages
Comparison table of XM and XTB trading platforms on the pros and cons of each product helps investors have an overview
XM exchange review – pros and cons of the exchange
| Advantages of XM | Disadvantages of XM | |
|---|---|---|
| Diverse account types | Many different account types | Swap (overnight) fees can be high |
| Diversified trading assets | 1000+ currency pairs, including currencies, commodities, stocks and cryptocurrencies | Customer support can be inconsistent |
| Low transaction fees | Low spreads and commission-free accounts | Territorial limits |
| High leverage | Leverage up to 1:888 | |
| Promotions | There are attractive promotions | |
| Multi-language support | Multi-language support |
XTB exchange review – exchange pros and cons
| Advantages of XTB | Disadvantages of XTB | |
|---|---|---|
| Diverse account types | Many account types | Swap (overnight) fees can be high |
| Diverse currency pairs and assets | 2000+ currency pairs and trading assets including currencies, commodities, stocks, and cryptocurrencies | Restricted to some areas |
| Competitive transaction fees | Competitive spreads and commission-free options | Supports English, and many other languages |
| Flexible leverage | Leverage up to 1:500 | |
| Promotions | Many promotions and events for customers | |
| Multi-language support | Multi-language support |
>>>See more: Compare Exness vs XM: Choosing the best trading platform?
Conclude
After examining XM vs XTB to evaluate XM and XTB, we see that both exchanges have their advantages and are suitable for different types of investors.
XM exchange stands out with:
- Provides a variety of account types and trading assets.
- Low transaction fees and attractive promotions are also strong points of this exchange.
Meanwhile, XTB is attractive with:
- More than 2000 currency pairs and trading assets,
- Along with unique promotions and events.
- Flexibility in account selection
- The strength of multi-language support is also a highlight of XTB.
Depending on the needs and desires of each investor, the choice of XM or XTB trading platform will depend on factors such as account type, asset type, transaction fees, and other utilities. In addition, MForex also conducted XM vs IC Markets to help you have a more general view of current trading platforms.
FAQ
What types of trading assets do XM and XTB offer?
XM and XTB both offer a wide range of trading assets such as forex, stocks, commodities, and cryptocurrencies.
What trading platforms do XM and XTB use?
XM uses MetaTrader 4 and MetaTrader 5, while XTB has xStation as its main trading platform.
What is the difference between the account types of XM and XTB?
Both XM and XTB offer a variety of account types with different conditions and features to suit traders’ needs.
Compare average spreads between XM and XTB.
The average spreads of XM and XTB may vary over time and assets, but in general, XTB usually has lower spreads.
What trading fees do XM and XTB charge?
Both exchanges charge fees such as spreads, swaps, and other transaction fees, but the specific costs may vary.
