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Head-to-head
XM vs FxPro: fees, regulation and platforms compared
XM and FxPro side by side on the things that decide which one suits you: who regulates the company you would join, what a trade costs, which platforms you get and whether you can open an account where you live.
Short answer: Choose XM if you want to start very small: the minimum is $5. Choose FxPro if you want MT4, MT5, cTrader and TradingView under one broker. Neither of the companies we review accepts US retail forex clients.
XM vs FxPro at a glance
| XM | FxPro | |
|---|---|---|
| Regulation of main companies | CySEC (EU company), FSC Belize (global company) | FCA (UK company), SCB, FSA |
| Minimum deposit | $5 (Standard and Ultra Low) | Not confirmed in its own documents (Elite programme $30,000) |
| EUR/USD pricing (headline) | From 0.8 pips | From 0.4 pips on cTrader + commission |
| Platforms | MT4, MT5, XM app | MT4, MT5, cTrader, TradingView |
| US retail forex clients | No | No |
| Background | Part of the Trading Point group | Founded 1999, London |
| 1-lot EUR/USD round turn at headline prices | about $8 | not comparable from headline figures |
Round-turn costs use each broker's headline "from" price for 1 standard lot (100,000 units, $10 per pip) including any published commission. Real spreads are often wider. Try your own numbers in our forex cost calculator.
Which should you choose?
Choose XM if:
- you want to start very small: the minimum is $5
- you want MT4 or MT5 with a simple spread-only account
Watch out: Most non-EU clients join the company licensed in Belize, and in March 2024 the Philippine SEC said XM is not authorised to offer securities to the public there.
Choose FxPro if:
- you want MT4, MT5, cTrader and TradingView under one broker
- you want an FCA-regulated UK company
Watch out: We could not confirm a standard minimum deposit in its own documents, so check before you apply.
Regulation and safety
XM lists CySEC (EU company), FSC Belize (global company). FxPro lists FCA (UK company), SCB, FSA. A broker's headline licences do not always cover you: the company that opens your account depends on where you live, and only that company's regulator protects you. Our legal entity guide shows how to check it on the regulator's own register.
Costs
XM: From 0.8 pips. FxPro: From 0.4 pips on cTrader + commission. Also compare overnight swap rates if you hold trades, and any deposit, withdrawal, inactivity or currency conversion fees. See spreads and commissions explained.
Platforms
XM: MT4, MT5, XM app. FxPro: MT4, MT5, cTrader, TradingView. If you run Expert Advisors, check MetaTrader support first; see MT4 vs MT5.
FAQ
Is XM or FxPro cheaper?
Their pricing is structured differently: XM lists from 0.8 pips; FxPro lists from 0.4 pips on cTrader + commission. Compare them on a demo account during the hours you trade, or use our cost calculator.
Which is better regulated, XM or FxPro?
XM: CySEC (EU company), FSC Belize (global company). FxPro: FCA (UK company), SCB, FSA. What matters is the company that would hold your account, which depends on where you live.
Do XM and FxPro accept US clients?
XM: No. FxPro: No.
What is the minimum deposit at XM and FxPro?
XM: $5 (Standard and Ultra Low). FxPro: Not confirmed in its own documents (Elite programme $30,000).
Which platforms do XM and FxPro offer?
XM: MT4, MT5, XM app. FxPro: MT4, MT5, cTrader, TradingView.
More comparisons
Compare all 11 brokers · Find your broker in two minutes · XM review · FxPro review · eToro vs XM · Exness vs XM · FxPro vs IC Markets · FxPro vs Pepperstone
Sources
- Forex Awards XM review (sources listed there)
- Forex Awards FxPro review (sources listed there)
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