XM
FxPro
XM vs FxPro
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
XM and FxPro are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. XM, founded in 2009 and headquartered in Limassol, Cyprus, is regulated by CySEC, ASIC, IFSC and offers spreads starting from 0.6 pips with a minimum deposit of $5. FxPro, established in 2006 in London, UK, holds licenses from CySEC, FCA, FSCA with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, XM scored 8.5/10 overall compared to FxPro's 8.4/10, making it the stronger pick for most traders. That said, FxPro holds its own with better trading platforms and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
XM scores 8.5/10 overall vs 8.4/10 for FxPro — a 0.1-point difference.
- 💵
XM requires just $5 to start, while FxPro needs $100 — XM is 20x more accessible.
- 📈
FxPro offers 2,100+ instruments vs 1,000+ at XM — a massive gap in market coverage.
- 🖥️
XM runs on MT4, MT5, XM App, while FxPro uses MT4, MT5, cTrader, FxPro Edge — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Education: XM scores 9.5 vs 7.5 for FxPro — a 2.0-point difference.
Our Verdict
XM
Score: 8.5/10 · Wins 2 categories- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
FxPro
Score: 8.4/10 · Wins 3 categories- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
XM takes the lead with an overall score of 8.5/10 compared to 8.4/10, winning in 2 out of 8 scoring categories. XM stands out for superior education resources and smoother deposits & withdrawals, while FxPro fights back with better trading platforms and more research tools.
Detailed Verdict
After testing both brokers with real accounts, XM comes out ahead with a 8.5/10 overall rating, winning 2 out of 8 categories. Its strongest area is Education where it scores 9.5/10. XM holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FxPro is not without merit — it scores 8.4/10 overall and excels in Platforms & Tools (9.0/10), winning 3 categories. Traders who value better trading platforms or more research tools may find FxPro the better fit. For a complete breakdown, read our full XM review and FxPro review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FxPro wins by 0.5 points
XM wins by 2.0 points
FxPro wins by 0.5 points
XM wins by 0.5 points
FxPro wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.5/10 ✓ | 8.4/10 |
| Min Deposit Lower is better | $5 ✓ | $100 |
| Max Leverage | 1:1000 | 1:500 |
| Spreads From | 0.6 pips | 0.0 pips |
| Platforms | MT4, MT5, XM App | MT4, MT5, cTrader, FxPro Edge |
| Regulation | CySEC, ASIC, IFSC | CySEC, FCA, FSCA |
| Founded Older track record highlighted | 2009 | 2006 ✓ |
| Markets | 1,000+ | 2,100+ ✓ |
Fees & Costs
When it comes to trading costs, XM has the edge with a score of 8/10 versus 8/10 for FxPro. XM offers spreads starting from 0.6 pips, while FxPro starts from 0.0 pips. The minimum deposit at XM is $5, compared to $100 at FxPro. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FxPro scores 9/10 for platforms compared to 8.5/10 for XM. XM provides MT4, MT5, XM App, while FxPro offers MT4, MT5, cTrader, FxPro Edge. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. XM is regulated by CySEC, ASIC, IFSC (Tier 1), while FxPro holds licenses from CySEC, FCA, FSCA (Tier 1). XM scores 9/10 and FxPro scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, XM leads with 9.5/10 compared to 7.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. XM and FxPro both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
XM offers 24/5 Live Chat, Email, Phone and scores 8/10, while FxPro provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
XM scores 8.5/10 for deposits and withdrawals, while FxPro scores 8/10. XM accepts Bank Transfer, Credit Card, Skrill, Neteller, and FxPro supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. XM requires a minimum deposit of $5 versus $100 for FxPro. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose XM if you...
- You're a beginner who values learning resources
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($5)
Choose FxPro if you...
- You need advanced trading platforms and tools
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is XM better than FxPro?
XM scores higher overall (8.5/10 vs 8.4/10), winning 2 of 8 categories. However, FxPro is stronger in better trading platforms and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, XM or FxPro?
XM scores higher for trading costs. XM offers spreads from 0.6 pips with a $5 minimum deposit, while FxPro starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is XM safe to trade with?
XM is regulated by CySEC, ASIC, IFSC and scores 9/10 for regulation. FxPro is regulated by CySEC, FCA, FSCA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, XM or FxPro?
FxPro scores 9/10 for platforms. XM offers MT4, MT5, XM App, while FxPro provides MT4, MT5, cTrader, FxPro Edge. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for XM vs FxPro?
XM requires a minimum deposit of $5, while FxPro requires $100. XM has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.