FXPro vs. XM – Which Broker is the Best for Your Trading Needs?

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Verdict

FXPro and XM are leading global Forex brokers, but which one should you trust for your Forex portfolios?

I have conducted an in-depth review of FXPro vs. XM to determine which is the better overall choice and which traders will benefit most from either broker.

Headquarters	Cyprus	United Kingdom
Regulators	ASIC, CySEC, DFSA, FSC Belize	N/A
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2009	2006
Execution Type(s)	Market Maker	No Dealing Desk
Minimum Deposit	$5	$100
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform	Other, MetaTrader 4, MetaTrader 5, cTrader+
Average Trading Cost EUR/USD	0.1 pips	1.3 pips
Average Trading Cost GBP/USD	0.2 pips	1.5 pips
Average Trading Cost WTI Crude Oil	$0.05	$0.03
Average Trading Cost Gold	$0.19	$0.29
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Here is a snapshot of the most notable advantages of FXPro:

• NDD Forex broker with deep liquidity via proprietary liquidity aggregator Quotix.
• Average order execution speed of 13 milliseconds.
• Order execution of 7,000+ per second.
• 84.3% of orders executed with no or positive slippage.
• MT4/MT5 Trading Central plugin.
• Cutting-edge proprietary trading platform and mobile app.
• Quality education

Here is a snapshot of the most notable advantages of XM:

• 10M+ traders from 190+ countries.
• 99.35% of all orders are executed in less than one second.
• 8.5M+ trades executed without requotes or rejections.
• 900+ employees speaking 30+ languages.
• 24/7 multilingual customer support.
• VPS hosting for low-latency 24/5 Forex trading.
• Deposit bonuses and trading competitions.
• Loyalty program

Features & Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
ETFs
Futures
Synthetics
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During my FXPro review, traders had 70+ currency pairs in a well-diversified asset selection versus 50+ currency pairs and 1,000+ CFDs at XM.

Here is why XM is a better choice for most traders:

• Turbo Stocks for equity traders seeking more leverage on liquid stocks.
• Thematic indices
• 50+ cryptocurrency CFDs
• Unleveraged share investments

Typical Spreads & Fees

Average Trading Cost EUR/USD	0.1 pips	1.3 pips
Average Trading Cost GBP/USD	0.2 pips	1.5 pips
Average Trading Cost WTI Crude Oil	$0.05	$0.03
Average Trading Cost Gold	$0.19	$0.29
Average Trading Cost Bitcoin	N/A	$38
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FXPro’s fees offer traders a choice of commission-free and commission-based trading accounts, while XM’s fees feature commission-free costs. Which one is cheaper?

FXPro offers competitive commission-based trading fees, but XM has a 16%+ cheaper minimum Forex trading fee than FXPro despite maintaining commission-free costs. Only unleveraged share investments incur a 0.10% XM commission.

Account Types

The core account structure of FXPro and the account structure of XM are identical, and there is both an XM demo account and an FXPro demo account, but XM provides more sub-account options.

Are there any other noteworthy differences in the account structure between FXPro vs. XM?

Here are the ones that stand out the most:

• XM has lower commission-free fees.
• XM has a micro account.
• XM has a dedicated investment account for unleveraged investments.
• FXPro traders must use cTrader if they want the best commission-based trading fees offered by this broker.

Minimum Deposit

How difficult is it to deposit at FXPro vs XM?

Our XM review discovered that the minimum deposit was $5 for all accounts except the Shares account, which required a $10,000 minimum deposit. FXPro asks for a reasonable $100 minimum deposit. While both brokers offer a solid deposit infrastructure, XM has more payment processors and supports more deposit currencies.

Minimum Withdrawal

Which withdrawal process is better: FXPro or XM?

FXPro withdrawals do not incur internal withdrawal fees, and all withdrawals at XM are free except for bank wires below $200, which incur an undisclosed fee. Neither broker supports cryptocurrency withdrawals but maintains otherwise good withdrawal processes that honour all valid requests. XM takes the lead here due to same-day withdrawals and more payment processor choices.

Security & Trust

Country of the Regulator	United Arab Emirates, Australia, The Bahamas, Belize, Cyprus, United Kingdom, United States	The Bahamas, Cyprus, United Kingdom, South Africa
Name of the Regulator	ASIC, CySEC, DFSA, FSC Belize	N/A
Regulatory License Number	705428, 120/10, 443670, 000261/397, F003484, SIA-F201, 0516820	509956, 078/07, 45052, SIA-F184
Regulatory Tier	1,1,1,4,2,4,1	1, 1, 2, 4
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Which broker is more secure and trustworthy?

FXPro and XM have 15+ years of operational excellence and compliance with numerous regulators. Both brokers segregate client deposits from corporate funds and offer negative balance protection, while FXPro also has € 100,000,000 in Tier-1 corporate capital. I rank FXPro and XM as equally secure and trustworthy.

FxPro versus XM Verdict

FxPro

XM

Which Forex broker is better?

FXPro and XM ensure traders have competitive trading conditions, including fast order execution, balanced asset selection, and cutting-edge trading platforms.

My verdict:

FXPro is an excellent broker for traders preferring the cTrader trading platform, where FXPro offers competitive trading fees. XM is a better broker for most traders due to lower MT4/MT5 trading fees.

FAQs

Why is XM the best broker?

It depends on the individual's trading and regulatory requirements, but XM ranks highly in several categories necessary for competitive trading conditions.

Is FXPro a good broker?

FXPro is a superb broker for algorithmic traders using cTrader, as they benefit from competitive trading fees, VPS hosting, and excellent order execution.

Is XM better than FXPro?

XM and FXPro are excellent brokers, and it depends on individual preferences to determine the better broker.