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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #22 · Editorial rating 9.1 / 10 · Founded 2017
tastytrade provides forex trading through its tastyfx platform, offering access to a wide range of currency pairs on an intuitive interface with built-in tools and education. It delivers a focused, platform-driven forex…
Read the tastytrade review
Trust rank #26 · Founded 2009
XM is a well-regarded forex and CFD broker providing online access to multiple markets on widely used platforms, along with research tools, education, and multilingual support.
Read the XM reviewtastytrade (United States, founded 2017) holds 2 regulatory licences (CFTC, NFA), 2 of them tier-1, offers Proprietary and sits in our medium-fee bracket. XM (Cyprus, founded 2009) holds 5 regulatory licences (ASIC, CySEC, DFSA, FCA, IFSC), 2 of them tier-1, offers MT4, MT5 and sits in our low-fee bracket. The two overlap in 54 countries; tastytrade is available in 2 countries where XM is not, and XM in 175 where tastytrade is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | tastytrade | XM |
|---|---|---|
| Editorial rating | 9.1 / 10 | Not verified |
| Trust rank | #22 | #26 |
| Founded | 2017 | 2009 |
| Headquarters | United States | Cyprus |
| Regulators | CFTC, NFA | ASIC, CySEC, DFSA, FCA, IFSC |
| Broker type | Market Maker | Market Maker, STP |
| Platforms | Proprietary | MT4, MT5 |
| Instruments | Forex | Commodities, Forex, Indices, Metals |
| Countries accepted | 56 countries | 229 countries |
| Fee level | Medium | Low |
| Trading types | Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (54): Andorra, Argentina, Austria, Bahrain, Belgium, Brazil, Chile, Colombia, Czechia, Denmark, Dominican Republic, Ecuador, Egypt, Estonia, Finland, France, French Polynesia, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Italy, Liechtenstein, Lithuania, Luxembourg, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Romania and 14 more.
Only tastytrade (2): Israel, United States of America.
Only XM (175): Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla, Antigua and Barbuda, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Burkina Faso and 150 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
XM holds more regulatory licences: tastytrade (CFTC, NFA) versus XM (ASIC, CySEC, DFSA, FCA, IFSC). Tier-1 licences: tastytrade 2, XM 2.
tastytrade offers Proprietary; XM offers MT4, MT5.
XM is in the lower fee bracket (medium vs low) in our catalogue.
XM is the older of the two, founded in 2009; tastytrade was founded in 2017.
They overlap in 54 countries. tastytrade is additionally available in 2 countries (Israel, United States of America) and XM in 175 countries (Afghanistan, Albania, Algeria, American Samoa, Angola, Anguilla and 169 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.