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Our top alternative brokers to XM
eToro
4.7
Open account
Your capital is at risk
XTB
4.6
Open account
82% of retail CFD accounts lose money
Our top alternative brokers to XM
eToro
4.7
Open account
Your capital is at risk
XTB
4.6
Open account
82% of retail CFD accounts lose money
XM Alternatives

The best alternatives to XM are

  1. XTB - Global CFD and forex broker
  2. eToro - Global social trading broker
  3. Plus500 - Global CFD broker
  4. Markets.com - Global CFD and forex broker

Let's see in a bit more detail how the XM alternatives compare to XM and each other:

XM alternatives comparison
XM XTB eToro Plus500 Markets.com
Overall score 4.4 4.6 4.7 4.3 4.3
Fees score 3.5 stars 3.7 stars 4.3 stars 2.9 stars 2.4 stars
Account opening score 5.0 stars 5.0 stars 5.0 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 5.0 stars 4.5 stars 3.5 stars 5.0 stars 4.5 stars
Web platform score 2.8 stars 4.4 stars 4.4 stars 4.4 stars 3.8 stars
Markets and products score 2.5 stars 2.8 stars 3.8 stars 1.9 stars 2.8 stars
Open account
78.04% of retail CFD accounts lose money
Open account
82% of retail CFD accounts lose money
Open account
Your capital is at risk
Open account
76.4% of retail CFD accounts lose money
Open account
73.9% of retail CFD accounts lose money

Why are these brokers considered good alternatives to XM? There are many areas based on which XM can be compared with others. When we say a given online broker is a good alternative to XM we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

XM alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • XM is recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
  • Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
  • Markets.com is recommended for traders looking to venture into cfd trading

Important factors of finding XM alternatives

So far BrokerChooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether XM or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. XM is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost XM alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At XM this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at XM, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given XM alternative is a must.


Now let's dive into the details of how XM and its alternatives perform in the most important areas!

XM alternatives
XM

XM is an online broker whose parent company is Trading Point Holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders who prefer metatrader platforms and seek great account opening

Pros Cons
Low stock CFD and withdrawal fees Limited product portfolio
Easy and fast account opening Average forex and stock index CFD fees
Great educational tools No investor protection for non-EU clients

Open account
78.04% of retail CFD accounts lose money

Fees
3.5

XM has low trading fees for CFDs and charges no withdrawal fee. On the other hand, forex and stock index fees are only average, and there is a fee for inactivity.
Pros Cons
No withdrawal fee Inactivity fee
Low stock CFD fees Average FX fees
XM alternatives trading fees
XM XTB eToro Plus500 Markets.com
S&P 500 index CFD fee $1.6 $1.4 $1.5 $2.3 $3.3
Europe 50 index CFD fee $2.4 $1.8 $2.7 $2.9 $1.9
EURUSD benchmark fee $9.5 $8.3 $8.8 $11.8 $10.4
GBPUSD benchmark fee $8.4 $6.0 $8.5 $9.6 $11.4

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

Open account More
78.04% of retail CFD accounts lose money

Account opening
5.0

XM account opening is hassle-free and straightforward. You may be able to trade on your account already on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XM alternatives minimum deposit and account open times
XM XTB eToro Plus500 Markets.com
Minimum deposit $5 $0 $200 $100 $250
Time to open account 1 day 1 day 1 day 1 day 1 day

Learn more about XM minimum deposit here.

Open account More
78.04% of retail CFD accounts lose money

Deposit and withdrawal
5.0

XM's deposit and withdrawal processes are fast and inexpensive, and offer you several options.
Pros Cons
Credit/Debit card available None
Several account base currencies
Free wire withdrawal above $200
XM and alternatives withdrawal options and fees
XM XTB eToro Plus500 Markets.com
Bank transfer Yes Yes Yes Yes Yes
Credit/debit card Yes No Yes Yes Yes
Electronic wallets Yes No Yes Yes Yes
Withdrawal fee $0 $0 $5 $0 $0

Open account More
78.04% of retail CFD accounts lose money

Web trading platform
2.8

XM's web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. On the other hand, the platform lacks price alerts and the design is outdated.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) No price alerts
Order confirmation Poor design
XM - Web trading platform
XM and alternatives trading platform scores
XM XTB eToro Plus500 Markets.com
Web platform score 2.8 stars 4.4 stars 4.4 stars 4.4 stars 3.8 stars
Mobile platform score 3.8 stars 4.4 stars 4.9 stars 4.9 stars 4.3 stars
Desktop platform score 3.4 stars 4.4 stars - - 3.4 stars

Learn more about XM's web trading platform in the detailed XM review.

Open account
78.04% of retail CFD accounts lose money

Markets and products
2.5

XM provides CFDs and forex for all clients, while real stocks are available only for clients opening their accounts under the IFSC-regulated entity. Popular asset classes, like real ETFs, bonds or options are missing.
XM and alternatives markets and products
XM XTB eToro Plus500 Markets.com
Stock Yes Yes Yes No Yes
ETF No Yes Yes No No
Forex Yes Yes Yes No Yes
Fund No No No No No
Bond No No No No No
Options No No No No No
Futures No No No No No
CFD Yes Yes Yes Yes Yes
Crypto No Yes Yes No Yes

Open account More
78.04% of retail CFD accounts lose money

Verdict

XM is regulated by several authorities globally, including the top-tier ASIC.

On the plus side, we liked the low stock CFD and withdrawal fees. The account opening process is seamless and hassle-free. There is a wide range of educational tools of great quality.

XM has some drawbacks though. Its product range is limited to FX and CFDs. Its forex and stock index CFD fees are average, and non-EU customers are not covered by any investor protection.

We recommend XM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.

XM
Summary XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Fees score 3.5 stars
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

Open account More
78.04% of retail CFD accounts lose money

XM alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw, founded in 2002. The company is regulated by several financial authorities worldwide, including the top-tier UK Financial Conduct Authority (FCA). In addition, XTB is listed on the Warsaw Stock Exchange, and as such is required to disclose its financials.

XTB is considered safe because it has a long track record, is listed on a stock exchange, and publishes its financial statements transparently.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex fees High fees for stock CFDs
Free and fast deposit and withdrawal Product portfolio limited mostly to CFDs and FX
Easy and fast account opening Limited fundamental data

Open account
82% of retail CFD accounts lose money

Fees
3.7

XTB has low forex fees and there is no withdrawal fee for most transfers. On the other hand, stock CFD fees are high, and XTB also charges an inactivity fee.
Pros Cons
Low forex fees High stock CFD fees
Free withdrawal for transfers above $100
XM vs. XTB: Trading fees
XTB XM
Apple benchmark fee $17.3 $6.4
Vodafone benchmark fee $20.8 $1.2
EURUSD benchmark fee $8.3 $9.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
82% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, straightforward and fully digital. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
No minimum deposit
XM vs. XTB: Minimum deposit, time to open an account
XTB XM
Minimum deposit $0 $5
Time to open account 1 day 1 day

If you are interested more in XTB minimum deposit, this overview will help you.

Open account More
82% of retail CFD accounts lose money

Deposit and withdrawal
4.5

XTB deposits and withdrawals are fast, mostly free, and can be done via several channels.
Pros Cons
Credit/Debit card available Few minor account currencies accepted
Free withdrawal
No deposit fee
XM vs. XTB: Withdrawal options
XTB XM
Bank transfer Yes Yes
Credit/debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

Open account More
82% of retail CFD accounts lose money

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a XM alternative
XM vs. XTB: Trading platform scores
XTB XM
Web platform score 4.4 stars 2.8 stars
Mobile platform score 4.4 stars 3.8 stars
Desktop platform score 4.4 stars 3.4 stars

Learn more about XTB's web trading platform in the detailed XTB review.

Open account
82% of retail CFD accounts lose money

Markets and products
2.8

XTB's default product selection includes only CFDs, forex and crypto. Some European clients can also trade real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
XM vs. XTB: Markets and products
XTB XM
Stock Yes Yes
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

Open account More
82% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA. The company is listed on the Warsaw Stock Exchange.

On the plus side, its forex fees are low, and the deposit and withdrawal process is fast and mostly free. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. Stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Fundamental data offered by XTB covers only a few basics such as P/E.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options along with fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA, Poland's KNF, and Cyprus's CySec.
Fees score 3.7 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Open account More
82% of retail CFD accounts lose money

XM alternatives
eToro

eToro is a well-known Israeli fintech company, a social trading broker, established in 2007.

eToro serves UK clients through a unit regulated by the Financial Conduct Authority (FCA) and Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech company.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Pros Cons
Free stock and ETF trading High non-trading fees
Seamless account opening Only one account base currency
Social trading experience Customer support can be improved

Open account
Your capital is at risk

Fees
4.3

eToro offers free stock and ETF trading. The forex and CFD fees are average. On the negative side, non-trading fees are high: there is a $5 withdrawal fee and an inactivity fee is also charged.
Pros Cons
Low trading fees High non-trading fees
Free stock and ETF trading
XM vs. eToro: Trading fees
eToro XM
Apple benchmark fee $6.7 $6.4
Vodafone benchmark fee - $1.2
EURUSD benchmark fee $8.8 $9.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
Your capital is at risk

Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XM vs. eToro: Minimum deposit, time to open an account
eToro XM
Minimum deposit $200 $5
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

Open account More
Your capital is at risk

Deposit and withdrawal
3.5

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
XM vs. eToro: Withdrawal options
eToro XM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $5 $0

Open account More
Your capital is at risk

Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. Social trading is available, too. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a XM alternative
XM vs. eToro: Trading platform scores
eToro XM
Web platform score 4.4 stars 2.8 stars
Mobile platform score 4.9 stars 3.8 stars
Desktop platform score - 3.4 stars

Learn more about eToro's web trading platform in the detailed eToro review.

Open account
Your capital is at risk

Markets and products
3.8

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker offers innovative services like social trading and CopyPortfolio.
XM vs. eToro: Markets and products
eToro XM
Stock Yes Yes
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

Open account More
Your capital is at risk

Verdict

eToro has zero-commission stock trading. The account opening is swift and seamless. It has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Non-trading fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.3 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Open account More
Your capital is at risk

XM alternatives
Plus500

Plus500 is a London Stock Exchange-listed global CFD broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Plus500 is considered secure because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.

Recommended for experienced traders looking for an easy-to-use platform and a great user experience

Pros Cons
Easy-to-use platform Limited product range, only CFDs
Great account opening Minimal research tools
Quick and helpful customer support Mediocre educational section

Open account
76.4% of retail CFD accounts lose money

Fees
2.9

Plus500 has favorable withdrawal conditions: the first five withdrawal in each month is free of charge. However, the trading fees are average and there is an inactivity fee charged.
Pros Cons
First five withdrawals are free of charge Inactivity fee
XM vs. Plus500: Trading fees
Plus500 XM
Apple benchmark fee $13.5 $6.4
Vodafone benchmark fee $10.3 $1.2
EURUSD benchmark fee $11.8 $9.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
76.4% of retail CFD accounts lose money

Account opening
5.0

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XM vs. Plus500: Minimum deposit, time to open an account
Plus500 XM
Minimum deposit $100 $5
Time to open account 1 day 1 day

If you are interested more in Plus500 minimum deposit, this overview will help you.

Open account More
76.4% of retail CFD accounts lose money

Deposit and withdrawal
5.0

Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and usually free of charge.
Pros Cons
Credit/Debit card available None
No deposit fee
Five withdrawals per month free
XM vs. Plus500: Withdrawal options
Plus500 XM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
76.4% of retail CFD accounts lose money

Web trading platform
4.4

The Plus500 trading platform is quite easy to use and also looks great. On the negative side, it cannot be customized.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Plus500, a XM alternative
XM vs. Plus500: Trading platform scores
Plus500 XM
Web platform score 4.4 stars 2.8 stars
Mobile platform score 4.9 stars 3.8 stars
Desktop platform score - 3.4 stars

Learn more about Plus500's web trading platform in the detailed Plus500 review.

Open account
76.4% of retail CFD accounts lose money

Markets and products
1.9

At Plus500 you can trade only with CFDs (forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.
XM vs. Plus500: Markets and products
Plus500 XM
Stock No Yes
ETF No No
Forex No Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto No No

Open account More
76.4% of retail CFD accounts lose money

Verdict

Plus500 is a good CFD broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by alternative regulators, like Plus500 Cyprus. In this case, for example, the Cypriot investor protection would apply to you.

Attention Daytraders! At Plus500, scalping is defined as "a trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

The Plus500 platform is easy to use, providing a great user experience even for first-timer. The account opening and customer support work well.

On the other hand, CFDs are the only product offered, and there are limited research and educational tools. 

As there is no minimum balance required, no withdrawal fee for withdrawals of over $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try.

Plus500
Summary Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.
Fees score 2.9 stars
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

Open account More
76.4% of retail CFD accounts lose money

XM alternatives
Markets.com

Markets.com is a global CFD and forex broker founded in 2008. It is regulated by several financial authorities, like the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA). 

Markets.com offers services and platforms under two brands. The Marketsi platform is for share-dealing and investing, while Marketsx is the platform used for CFD trading. In this review, we focus on Markets.com's flagship CFD trading services, using the Marketsx platform.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for traders looking to venture into cfd trading

Pros Cons
Free and fast deposit and withdrawal High trading fees
Easy and fast account opening Limited product portfolio
Great tools for learning and research Platforms lack important features

Open account
73.9% of retail CFD accounts lose money

Fees
2.4

Markets.com has high trading fees and there is also an inactivity fee. As a plus, it charges no account, deposit, or withdrawal fees.
Pros Cons
No withdrawal fee High trading fees
High CFD fees
XM vs. Markets.com: Trading fees
Markets.com XM
Apple benchmark fee $12.6 $6.4
Vodafone benchmark fee $34.2 $1.2
EURUSD benchmark fee $10.4 $9.5

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More
73.9% of retail CFD accounts lose money

Account opening
5.0

Account opening at Markets.com is seamless, fast and fully digital. You can open your trading account within a day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
XM vs. Markets.com: Minimum deposit, time to open an account
Markets.com XM
Minimum deposit $250 $5
Time to open account 1 day 1 day

If you are interested more in Markets.com minimum deposit, this overview will help you.

Open account More
73.9% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Markets.com provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
XM vs. Markets.com: Withdrawal options
Markets.com XM
Bank transfer Yes Yes
Credit/debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

Open account More
73.9% of retail CFD accounts lose money

Web trading platform
3.8

Markets.com's web trading platform is easy to use, has great search function, and you can set price alerts. On the other hand, there is no two-step login and it lacks some important features, like a clear fee report.
Pros Cons
User-friendly No clear fee report available
Good search function No two-step (safer) login
Price alerts Limited customizability (for charts, workspace)
Web trading platform of Markets.com, a XM alternative
XM vs. Markets.com: Trading platform scores
Markets.com XM
Web platform score 3.8 stars 2.8 stars
Mobile platform score 4.3 stars 3.8 stars
Desktop platform score 3.4 stars 3.4 stars

Learn more about Markets.com's web trading platform in the detailed Markets.com review.

Open account
73.9% of retail CFD accounts lose money

Markets and products
2.8

Markets.com's product portfolio covers CFDs, forex, and real stocks. On the other hand, other popular asset classes, like ETFs, options, or futures are not available.
XM vs. Markets.com: Markets and products
Markets.com XM
Stock Yes Yes
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes No

Open account More
73.9% of retail CFD accounts lose money

Verdict

Markets.com is an OK broker, especially if you want to concentrate on CFD trading.

Account opening is seamless and fast, it has good research tools and great customer service and is regulated by multiple top-tier financial regulators, like the UK's FCA and ASIC in Australia.

On the other hand, trading fees are high and product selection covers mostly CFDs and forex. We also missed some important features on the trading platforms, like two-step authentication and price alerts on the web.

All in all, Markets.com is a good choice. As the account opening is super easy and there is no inactivity fee, feel free to try it.

Markets.com
Summary Markets.com is a brand of Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. Its operated by Playtech, a subsidiary that is on the London Stock Exchange.
Fees score 2.4 stars
Recommended for Traders looking to venture into CFD trading

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73.9% of retail CFD accounts lose money

XM alternatives
Bottom line

Based on our analysis, there are several good alternatives to XM. They all offer similar products and target similar customers. Here's a recap of the results in a table.

XM alternatives
Broker Info Recommended for
XM Global CFD and forex broker Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
Plus500 Global CFD broker Experienced traders looking for an easy-to-use platform and a great user experience
Markets.com Global CFD and forex broker Traders looking to venture into CFD trading

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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78.04% of retail CFD accounts lose money
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82% of retail CFD accounts lose money
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Your capital is at risk
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76.4% of retail CFD accounts lose money
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73.9% of retail CFD accounts lose money
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