Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of FxPro's Bahamas entity and XM's Belize entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of FxPro's Bahamas entity and XM's Belize entity.
FxPro
Not regulated in your country FxPro does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
XM
Not regulated in your country XM does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders FxPro and XM are best suited to, based on what each one actually offers in Australia.FxPro is better than XM for professional traders and high-volume traders. XM, on the other hand, is better for long-term investors. Both are a good fit for scalpers, swing traders and news traders.
| Overall score | FxPro 85 Best not offered | XM 74 -11 73 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise XM.Neither FxPro nor XM is regulated in Australia. FxPro and XM are both regulated by top-tier authorities, FxPro by CySEC and the FCA (United Kingdom) and XM by CySEC.
| Section score | FxPro 100 Best not offered | XM 90 -10 90 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FxPro and XM have in place to protect your money in Australia.Both FxPro and XM offer segregated client funds and two-factor authentication. FxPro also offers additional money insurance.
| Section score | FxPro 74 Best not offered | XM 65 -9 65 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2006 | 2009 |
| Parent company i | FxPro Group Limited | Trading Point Holdings |
| CEO i | Charalambos Psimolophitis | Tasos Anastasiou |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays, Julius Baer, Royal Bank of Scotland | N/A |
| Brand power | ||
| Number of customers worldwide i | 2,180,000 | 20,000,000 |
| Annual revenue i | US$900,000 | US$1,000,000,000 |
| Monthly website search traffic i | 323.9K monthly visits | |
Costs
What we compare A comparison of what it costs to trade with FxPro and with XM in Australia, both on each trade and on holding the account.FxPro is better than XM for CFD/FX costs, given that FxPro is cheaper on EUR/USD, at US$11.7 per lot (against XM's US$20), has tighter gold CFD spreads, at 0.34 points (against XM's 0.55 points), and charges lower Bitcoin CFD fees, at US$15.74 (against XM's US$40). Neither FxPro nor XM charges account maintenance fees or deposit fees.
XM and FxPro cannot be set side by side for real stock costs, as FxPro is a CFD broker and does not offer real stocks, unlike XM.
| Section score | FxPro 49 Best not offered | XM 26 -23 72 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$7 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.7 | US$20 |
| S&P 500 fees (CFD) i | 0.85 points | 0.6 points |
| Gold fees (CFD) i | 0.34 points | 0.55 points |
| Bitcoin fees (CFD) i | US$15.74 | US$40 |
| US stocks fees (CFD) i | Free | Free |
| Fees on stocks | ||
| Stock fee type i | Spread | Commission, Percentage, Spread |
| US stocks fees (real) i | US$2.8 | |
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FxPro and with XM in Australia, and of how many instruments each one gives access to.FxPro and XM are equally good for CFD/FX markets, since FxPro gives access to 2,100 tradable symbols (against XM's 1,400). On the other hand, XM lets you own stocks outright. Both FxPro and XM offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
XM and FxPro cannot be compared for real stock markets, because XM is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | FxPro 75 not offered | XM 75 15 |
|---|---|---|
| Total tradable symbols i | 2,100 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Stocks |
Platform
What we compare A comparison of the trading platforms that FxPro and XM make available to their clients in Australia.FxPro is better than XM for platforms, given that FxPro offers a proprietary platform, cTrader and TradingView, which XM does not. FxPro and XM both offer MetaTrader 5 and MetaTrader 4.
XM and FxPro cannot be compared for platforms, because XM is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | FxPro 94 Best not offered | XM 63 -31 63 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FxPro and XM in Australia, and of what each one lets you do from your phone.FxPro is better than XM for mobile trading, given that FxPro offers the cTrader app, a social trading app and a copy trading app, which XM does not. FxPro and XM both offer a proprietary mobile app and the MetaTrader 5 app.
XM and FxPro cannot be compared for mobile trading, because XM is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | FxPro 100 Best not offered | XM 86 -14 86 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FxPro and XM allow on their platforms in Australia.FxPro is better than XM for CFD/FX trading features, since FxPro executes orders faster, within 13 ms (against XM's 66 ms), and offers guaranteed stop losses, which XM does not. Both FxPro and XM offer negative balance protection and trailing stops. The leverage shown for FxPro is set by its Bahamas entity and exceeds the retail limit in Australia (30:1 on major currency pairs). The leverage shown for XM is set by its Belize entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
Only XM can be assessed for real stock trading features, since FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 93 Best not offered | XM 87 -6 77 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | 13 ms | 66 ms |
| Slippage occurrence i | 9% | |
| Requotes occurrence i | 0% | 0% |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 200:1 | 1000:1 |
| Minor/Exotic FX pairs leverage i | 500:1 | 1000:1 |
| Major indices leverage i | 200:1 | 500:1 |
| Minor indices leverage i | 200:1 | 250:1 |
| Gold leverage i | 200:1 | 1000:1 |
| Commodities leverage i | 200:1 | 400:1 |
| Equities leverage i | 25:1 | 20:1 |
| Cryptocurrency leverage i | 20:1 | 1000:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FxPro and at XM in Australia, and of who each one is meant for.FxPro is better than XM for CFD/FX account types, because FxPro offers a professional traders account, an ECN account and a copy trading account, which XM does not. FxPro and XM both offer a demo account and a corporate account.
FxPro does not offer real stocks, being a CFD broker, so XM and FxPro cannot be compared for real stock account types.
| Section score | FxPro 95 Best not offered | XM 60 -35 68 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FxPro and with XM in Australia.XM is better than FxPro for account opening, because XM offers 10 account base currencies (against FxPro's 7), credits deposits faster, within the same day (against FxPro's 1 day), and offers a bonus program, which FxPro does not. However, FxPro does not require a minimum deposit at all (against XM's US$5). Neither FxPro nor XM holds a licence in Australia.
XM and FxPro cannot be set side by side for account opening, as FxPro is a CFD broker and does not offer real stocks, unlike XM. Neither FxPro nor XM holds a licence in Australia.
| Section score | FxPro 75 -20 not offered | XM 95 Best 95 |
|---|---|---|
| Minimum deposit i | US$0 | US$5 |
| Minimum withdrawal i | US$0 | US$5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, JPY, PLN, USD | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FxPro and XM in Australia, in how it can be reached and how fast it answers.FxPro is better than XM for customer care, because FxPro has a website in 24 languages (against XM's 19), and offers priority support and call-back requests, which XM does not. FxPro and XM both offer a dedicated account manager and phone support.
XM and FxPro cannot be compared for customer care, because XM is a broker offering both CFDs and stocks while FxPro is a CFD broker.
| Section score | FxPro 91 Best not offered | XM 78 -13 78 |
|---|---|---|
| Number of languages supported i | 24 | 20 |
| Website languages i | Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese | Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese | Arabic, Czech, German, Greek, English, French, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FxPro and XM provide to their clients in Australia.FxPro and XM are equally good for learning, since FxPro offers professional reports while XM offers webinars. Both FxPro and XM offer education for advanced traders and education for beginners.
Only XM can be assessed for learning, since FxPro is a CFD broker and does not offer real stocks.
| Section score | FxPro 88 not offered | XM 88 88 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FxPro vs XM: which one should you choose?
FxPro
CFD/FX Choose FxPro if you want a CFD and forex broker with cTrader, TradingView and a wide choice of markets and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
XM
CFD/FX Choose XM if you want an online CFD broker with a small minimum deposit and copy trading and live in a country where it is licensed to operate.
Stocks Choose XM if you want a share dealing service with US stocks and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include FxPro or XM, each scored with the same data and method as this page.
