Page Summary
XM Group and FxPro are leading online brokers with versatile portfolios. XM is a popular MetaTrader broker with beginner-friendly services. It is a secure broker with licenses from the ASIC, FCA, CySEC, and IFSC. XM provides leading educational tools and market research data. We recommend it for beginner investors because of its comprehensive learning tools.
FxPro is a trustworthy MetaTrader broker with many account tiers and execution methods. It offers both MT4 and MT5 suites with access to a valuable learning center. We recommend it for traders at all levels who want access to useful trading knowledge.
This article discusses the advantages and disadvantages of XM Group and FxPro.
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XM
FXPro
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $5 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 1.1 pips |
| Stocks & ETF | 0,1% – (min $5) | 0 |
| CFD (Gold) | 3 pips | 3.5 pips |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 70 |
| CFD Indices & Funds | 14 | 42 |
| CFD Stocks | 1286 | 2030 |
| CFD Commodities | 14 | 8 |
| CFD Crypto | 5 | 31 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. FxPro review:
- XM Group is a trustworthy broker with top-tier licenses and beginner-friendly services.
- FxPro is a safe broker with a valuable learning center.
- Both brokers offer a virtual trading account to test their services.
XM Group and FxPro are beginner-friendly online brokers with impressive trading experiences. Both offer access to easy-to-learn platforms and valuable learning tools.
Level of experience
XM Group provides the full MetaTrader experience with access to MT4 and MT5. It offers investor trading support, a virtual trading account, and a versatile portfolio. XM has many learning tools, including trading videos and materials.
FxPro offers a dedicated learning center with webinars and beginner trading videos. It has insights from education leaders, including IG and FXCM. FxPro has beginner-friendly platforms and tools.
Fees
The minimum deposit fee at XM ranges between $5 and $100, depending on the brokerage account you choose. FxPro has a minimum deposit fee of $100. The average EUR/USD spread at XM is 1.6, while at FxPro is 1.51.
Assets
FxPro offers 70 forex currency pairs, while XM has 57 available pairs. XM has 1372 CFDs, while FxPro has 411 available CFDs.
Trading platform
XM Group offers the MT4 and MT5 suites, but it doesn’t have proprietary platforms. These suites are easy to learn and highly customizable. XM has a valuable research center with trading signals and articles. This broker offers diverse educational content, useful for beginner investors.
FxPro has a proprietary web platform, FxPro Edge, and offers cTrader and MetaTrader. It has social trading tools and many learning materials. Its platforms are beginner-friendly and offer an excellent online trading experience.
Banking services
Banking services contribute to a convenient online trading experience. FxPro offers many funding solutions, including bank transfers, credit/debit cards, PayPal, and Skrill. XM has bank transfers, credit/debit cards, and Skrill.
Final verdict
XM and FxPro are leading brokerage firms with beginner-friendly services. Both have advantages and disadvantages, depending on your trading style and goals. Both brokers offer straightforward platforms with valuable learning materials.
XM compared to other brokers:
XM review