IC Markets
XM vs FXTM
XM vs FXTM: XM offers a $5 minimum, spread-only pricing and copy trading; FXTM offers a $30 Micro account, a raw-spread Advantage account and leverage up to 1:5000. Compare regulation, deposits, spreads, leverage and fees.
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XM is a spread-only broker with a $5 minimum deposit, no commission and its own copy trading service. FXTM, the Exinity group’s brand, offers a $30 Micro cent account, a raw-spread Advantage account and leverage up to 1:5000 on its Rewards accounts. The better fit depends on where you live, how often you trade and which company would hold your account.
Quick Answer
| Best for | Winner | Why |
|---|---|---|
| Starting small | XM | $5 against $30 on Micro |
| Raw-spread account | FXTM | XM has no raw-spread account |
| Top-tier licences in the group | XM | CySEC and DFSA; FXTM holds no top-tier licence |
| Copy trading | XM | FXTM: No copy trading service on its site |
A “winner” here means the better published figure on that one line. It is not a recommendation: the right broker depends on where you live and how you trade.
Comparison Table
| XM | FXTM | |
|---|---|---|
| Operating since | Over 15 years in business | Over ten years (FXTM’s own figure) |
| Company for international clients | XM Global Limited, licensed by the FSC in Belize (8557558) | Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295) |
| Regulators in the group | CySEC, DFSA, FSC Belize, FSA Seychelles, FSC Mauritius | FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only) |
| Minimum deposit | $5 | $30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage |
| Commission-free spreads | Ultra Low from 0.8 pips; Standard from 1.6 pips | Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips |
| Raw-spread account | None | Advantage from 0.0 pips plus $3.50 per side on forex |
| Maximum leverage | 1:1000 | 1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400) |
| Platforms | MT4, MT5, XM App | MT4, MT5, FXTM app |
| Copy trading | XM Copy Trading, from $50 per strategy | No copy trading service on its site |
| Inactivity fee | $10 a month after 90 days without activity | $10 a month after 3 months without trading |
| Withdrawal fee | None from XM | Card $3, bank wire $30; Skrill, Neteller and crypto free |
| Swap-free | Islamic option on all accounts | Swap-free option on Rewards Plus, Rewards and Advantage |
| Bonus | 50% deposit bonus up to $100 and further bonuses (not in every country) | Welcome bonus paid in Reward Points (up to $500) and FXTM Rewards loyalty points |
Figures come from each broker’s official site, checked on 11 October 2026. Spreads move through the day, and conditions vary by country and by the company that holds your account.
Regulation and Safety
XM’s group holds licences from CySEC in Cyprus and the DFSA in Dubai, plus offshore licences in Belize, Seychelles and Mauritius. Most international clients open accounts with XM Global Limited, licensed by the FSC in Belize. XM says negative balance protection applies to all clients.
FXTM is the trading brand of the Exinity group. International clients deal with Exinity Limited, licensed by the FSC in Mauritius (C113012295), which also holds an FSCA licence in South Africa (FSP 50320); Kenyan clients deal with Exinity Capital East Africa, licensed by Kenya’s CMA. FXTM names no UK or EU company, and says it keeps client funds in segregated accounts at top-tier banks.
On paper XM has the stronger regulatory footprint, but that only helps if your account sits with one of its strictly regulated companies. Check which company your country places you with before you deposit.
Trading Costs
On commission-free accounts, XM lists: Ultra Low from 0.8 pips; Standard from 1.6 pips. FXTM lists: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. “From” figures are minimums, so expect wider live spreads, especially around news.
Only FXTM offers a raw-spread account: Advantage from 0.0 pips plus $3.50 per side on forex. XM is spread-only, which is simpler but usually costs more per trade for frequent traders.
XM’s inactivity fee: $10 a month after 90 days without activity. FXTM’s inactivity fee: $10 a month after 3 months without trading. Withdrawal fees: XM: none from XM; FXTM: Card $3, bank wire $30; Skrill, Neteller and crypto free.
Platforms and Copy Trading
XM offers MT4, MT5 and XM App. FXTM offers MT4, MT5 and FXTM app.
XM’s copy trading: XM Copy Trading, from $50 per strategy. FXTM has no copy trading service of its own (no copy trading service on its site). Copying another trader doesn’t remove risk: you can lose money as fast as trading yourself.
Leverage
XM’s maximum leverage: 1:1000. FXTM’s: 1:5000 on Rewards and Rewards Plus; 1:3000 on Advantage; 1:1000 on Micro (Kenya up to 1:400).
A higher maximum is not an advantage in itself. Leverage multiplies losses as fast as gains, so beginners should use far less than either broker allows.
Which One Should You Choose?
Go with XM if:
- You want to start with as little as $5
- You prefer spread-only pricing with no commission
- You want copy trading and regular bonuses
Go with FXTM if:
- You want to start small on a $30 Micro cent account
- You want a raw-spread account at $3.50 per side
- You want loyalty points on the volume you trade
Whichever you choose, test a small withdrawal early, verify your account before you need your money, and risk only what you can afford to lose.
FAQ
Which has the lower minimum deposit, XM or FXTM? XM. XM: $5. FXTM: $30 on Micro; $100 on Rewards Plus, $200 on Rewards, $500 on Advantage.
How are XM and FXTM regulated? XM’s international clients deal with XM Global Limited, licensed by the FSC in Belize (8557558). FXTM’s deal with Exinity Limited, licensed by the FSC in Mauritius (Investment Dealer, C113012295). Group regulators: XM: CySEC, DFSA, FSC Belize, FSA Seychelles, FSC Mauritius; FXTM: FSC Mauritius, FSCA South Africa, CMA Kenya (plus a UAE CMA licence for promotion only).
Which is cheaper to trade with? It depends on the account. Commission-free: XM: Ultra Low from 0.8 pips; Standard from 1.6 pips; FXTM: Rewards from 0.9 pips; Rewards Plus from 1.5 pips; Micro from 1.7 pips. Raw accounts: XM: none; FXTM: Advantage from 0.0 pips plus $3.50 per side on forex.
Does either charge an inactivity fee? XM: $10 a month after 90 days without activity. FXTM: $10 a month after 3 months without trading.
Do both offer copy trading? XM: XM Copy Trading, from $50 per strategy. FXTM: no copy trading service on its site.
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