XM
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 reviewXM vs XTB (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
XTB
Trust rank #7 · Founded 2002
XTB is a forex and CFD broker offering a proprietary platform, broad instrument coverage, and integrated research and education. It is regulated in multiple jurisdictions.
Read the XTB reviewXM (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. XTB (Poland, founded 2002) holds 5 regulatory licences (DFSA, FCA, FSCA, IFSC, KNF), 1 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 47 countries; XM is available in 182 countries where XTB is not, and XTB in 1 where XM is not.
Verdict at a glance
- XM leads on platform choice, country coverage and tier-1 licences.
- XTB leads on trust rank and track record.
- Level on regulatory coverage, instrument range and fee level.
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.
XM vs XTB: side-by-side data
| Criteria | XM | XTB |
|---|---|---|
| Trust rank | #26 | #7 |
| Founded | 2009 | 2002 |
| Headquarters | Cyprus | Poland |
| Regulators | ASIC, CySEC, DFSA, FCA, IFSC | DFSA, FCA, FSCA, IFSC, KNF |
| Broker type | Market Maker, STP | Market Maker |
| Platforms | MT4, MT5 | Proprietary |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices |
| Countries accepted | 229 countries | 48 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading |
| Best-for use cases | Professional Trading, 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.
Pros
XM
- CySEC and ASIC regulation
- Low $5 minimum deposit
- MT4/MT5 platform support (desktop/web/mobile)
- Negative balance protection
- Low-spread account options (commission-free and commission-based)
XTB
- Tier-1 multi-jurisdiction regulation
- Proprietary xStation 5 platform with advanced charting and one-click trading
- Official xAPI for algorithmic trading and data access
- Competitive FX spreads with commission-free Standard account
- Publicly listed broker with audited financials
Cons
XM
- Offshore regulation via IFSC Belize
- CFDs only (no real stocks/ETFs ownership)
- MT4/MT5 only; no proprietary platform
- Inactivity fee applies
- No ECN/DMA accounts
XTB
- No MetaTrader 5 support
- No guaranteed stop-loss orders (GSLOs)
- Inactivity fee after prolonged inactivity
- Withdrawal fees for small amounts below minimum threshold
- No integrated social/copy trading
Key features
XM
- Multi asset CFD trading Forex Indices Commodities Equities Metals Energies
- MetaTrader 4 and MetaTrader 5 with algorithmic trading and VPS support
- Negative balance protection and segregated client funds
- Multi jurisdiction regulation CySEC ASIC DFSA IFSC
- Multiple account types Micro Standard Ultra Low with tight spreads
- Market execution low latency and high fill rates with no requotes
XTB
- Multi asset CFD trading Forex Indices Commodities Shares ETFs Crypto
- Real stock and ETF investing zero commission up to monthly cap
- xStation 5 proprietary platform advanced charting sentiment and risk tools
- Publicly listed broker segregated client funds and negative balance protection
- Tier one regulation including FCA and KNF
- Extensive education research and market news resources
Country availability: XM vs XTB
Available at both (47): Angola, Austria, Belgium, Bermuda, Bulgaria, Chile, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Mauritania, Moldova, Montenegro, Netherlands, North Macedonia, Philippines, Poland, Portugal, Romania, Saint Kitts and Nevis, Serbia, Slovakia, Slovenia, South Africa, Spain and 7 more.
Only XM (182): Afghanistan, Albania, Algeria, American Samoa, Andorra, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 157 more.
Only XTB (1): Canada.
- XM accepted countries
- XTB accepted countries
- Best forex brokers in Angola
- Best forex brokers in Austria
- Best forex brokers in Belgium
- Best forex brokers in Bermuda
- Best forex brokers in Bulgaria
- Best forex brokers in Chile
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
XM vs XTB: common questions
Which broker is more regulated, XM or XTB?
XM holds more regulatory licences: XM (ASIC, CySEC, DFSA, FCA, IFSC) versus XTB (DFSA, FCA, FSCA, IFSC, KNF). Tier-1 licences: XM 2, XTB 1.
Which trading platforms do XM and XTB offer?
XM offers MT4, MT5; XTB offers Proprietary.
Which has lower fees, XM or XTB?
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, XM or XTB?
XTB is the older of the two, founded in 2002; XM was founded in 2009.
Are XM and XTB available in the same countries?
They overlap in 47 countries. XM is additionally available in 182 countries (Afghanistan, Albania, Algeria, American Samoa, Andorra, Anguilla and 176 more) and XTB in 1 countries (Canada).
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XTB
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.