| Feature | XM Trading | CXM Direct |
|---|---|---|
| Company Establishment Year | 2009 | 2019 |
| Regulation | Regulated by multiple authorities including ASIC, CySEC, and IFSC | Claims regulation by FCA (UK), FSC (Mauritius), and FSA (St. Vincent and the Grenadines); however, concerns exist regarding the legitimacy of these claims |
| Account Types | Micro, Standard, XM Ultra Low, Shares Accounts | Standard, ECN, Cent, Zero, FIX API Accounts |
| Minimum Deposit | $5 | $10 for Cent Account, $50 for Standard Account |
| Maximum Leverage | Up to 1:888 (varies by entity and jurisdiction) | Up to 1:Unlimited for Standard and ECN Accounts |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM WebTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Social Trading, PAMM |
| Tradable Instruments | Forex, Commodities, Indices, Stocks, Metals, Energies | Forex, Metals, Indices, Energy, Cryptos, EU/US Stocks |
| Deposit & Withdrawal Methods | Bank Wire, Credit/Debit Cards, E-wallets (e.g., Skrill, Neteller) | FasaPay, Bank Transfers, Cryptocurrencies, Perfect Money |
| Deposit & Withdrawal Fees | No fees on deposits and withdrawals | No commission or fees for deposits and withdrawals |
| Processing Time for Withdrawals | 24 hours | Typically processed within 1 business day |
| Customer Support | 24/5 support via live chat, email, and phone; multilingual support | 24/5 support via email; multilingual support including English, Indian, Malay, Mandarin, Vietnamese, Thai, Indonesian |
| Educational Resources | Webinars, Tutorials, Market Research, Forex Seminars | FX Trading 101, Member Area Tutorial, Trading Tools |
| Bonuses & Promotions | $30 Trading Bonus, Deposit Bonuses, Loyalty Program (offers may vary) | Standard Bonus Account available; specific promotions not detailed |
| Scalping & Hedging | Allowed | Allowed |
| Islamic (Swap-Free) Accounts | Available | Available |
| Social Trading/Copy Trading | Not specified | Available through Social Trading platform |
| PAMM/MAM Accounts | Not specified | Available through PAMM service |
| Reputation & User Feedback | Generally positive with a strong global presence | Mixed reviews; concerns about regulatory legitimacy and withdrawal processing times |
| Spread Type | Variable spreads | Variable & Fixed spreads |
| Typical Spreads (EUR/USD) | As low as 0.6 pips (Ultra Low Account), 1.6 pips (Standard/Micro Accounts) | Starts from 0.1 pips (ECN), 1.5 pips (Standard) |
| Commission Fees | No commission on Standard and Micro Accounts, $3.5 per lot per side on XM Zero Account | No commission on Standard, Cent, and Bonus accounts; ECN and FIX API accounts have commissions starting from $2.5 per lot per side |
| Margin Call/Stop-Out Level | Margin Call at 50%, Stop-Out at 20% | Margin Call at 100%, Stop-Out at 50% |
| Execution Speed | Market execution with an average of 1 second | ECN Execution with ultra-low latency |
| Slippage Policy | No requotes, minimal slippage | Claims ultra-low slippage with ECN technology |
| Number of Trading Instruments | Over 1,000 instruments | Over 200 instruments |
| Cryptocurrency Trading | No | Yes (BTC, ETH, XRP, LTC, etc.) |
| VPS Hosting | Free VPS for high-volume traders | Free VPS service available on request |
| Algo Trading Support | Supports EAs (Expert Advisors) on MT4/MT5 | Supports EAs and custom API solutions |
| Lot Size Range | 0.01 (Micro Lots) to 50 Standard Lots | 0.01 to 100 Lots |
| Maximum Open Positions | 200 per account | 150 per account |
| Negative Balance Protection | Yes | Yes |
| Trailing Stop | Available | Available |
| One-Click Trading | Yes | Yes |
| Affiliate/IB Program | Yes, offers commissions and multi-tier rewards | Yes, provides rebate-based commissions |
| Deposit Currency Options | Multiple currencies, including USD, EUR, GBP, JPY, and more | Supports USD, EUR, GBP, and cryptocurrencies |
| Swap-Free Account Availability | Available for Islamic traders | Available for Islamic traders |
| Mobile Trading Support | MT4/MT5 mobile apps for iOS and Android | MT4/MT5 mobile apps for iOS and Android |
| Custom Trading Tools | XM Market Analysis, Trading Signals, Economic Calendar, Autochartist | Copy Trading, Market Signals, Advanced Charting Tools |
| Regulatory Restrictions by Region | Certain regions restricted due to regulations, including the USA and Canada | Limited availability in some jurisdictions |
| Broker Type | Market Maker & ECN | Market Maker & ECN |
| Trading Contests | Yes, periodic demo and live trading contests | Occasionally offers trading competitions |
| Headquarters | Cyprus (Main Office), also in Australia, Belize | St. Vincent & the Grenadines, Mauritius, UK (claimed) |
| Regulatory Compliance Verification | Verified regulatory status via ASIC, CySEC, IFSC | Regulatory claims exist, but verification is unclear for some jurisdictions |
| Account Currency Options | USD, EUR, GBP, AUD, CHF, HUF, JPY, PLN, RUB, SGD, ZAR | USD, EUR, GBP, cryptocurrencies |
| Leverage for Professional Traders | Up to 1:500 (ASIC), Up to 1:30 (EU clients), Up to 1:888 (IFSC) | Up to 1:1000 for professionals, Up to 1:Unlimited (certain accounts) |
| Execution Model | No Dealing Desk (NDD), ECN, Market Maker | ECN, Market Maker, FIX API Execution |
| ECN Pricing | Available (on XM Ultra Low and XM Zero Accounts) | Available (ECN Account) |
| FIX API Trading | No | Yes, allows direct market access via FIX API |
| Deposit Methods Specifics | Credit/Debit Cards, Bank Wire, Neteller, Skrill, WebMoney, Bitcoin (for certain jurisdictions) | Crypto Deposits (BTC, ETH, USDT), Bank Transfer, E-wallets |
| Withdrawal Time (Bank Transfers) | 1-3 business days | 1-3 business days |
| Withdrawal Processing Time for E-Wallets | Instant (within 24 hours) | Instant (within 24 hours) |
| Minimum Withdrawal Amount | $5 | $10 |
| Minimum Trade Size | 0.01 lots | 0.01 lots |
| Maximum Trade Size | 50 standard lots | 100 standard lots |
| Hedging Allowed? | Yes | Yes |
| Automated Trading (EA Support) | Yes | Yes |
| Zero Spread Account Available? | Yes (XM Zero Account) | Yes (ECN Zero Account) |
| Overnight Swap Rates Transparency | Yes, publicly available on the website | Limited details provided |
| Interest on Unused Funds | No | No |
| Micro Account Lot Value | 1 Micro Lot = 1,000 Units | 1 Micro Lot = 1,000 Units |
| Lot Restrictions per Trade | 50 lots per order | 100 lots per order |
| Guaranteed Stop Loss | No | No |
| Slippage Policy Transparency | Yes, clearly outlined in terms | No specific policy publicly stated |
| Market Gap Protection | No | No |
| CFD Trading | Yes (Indices, Stocks, Metals, Energies) | Yes (Indices, Stocks, Metals, Cryptos, Energies) |
| Fractional Lot Trading | Yes | Yes |
| ETF Trading Available? | No | No |
| Commodity CFDs Available? | Yes | Yes |
| Stock CFD Markets | US, UK, European Stocks | US, UK, EU Stocks |
| Cryptocurrency CFDs | No | Yes (BTC, ETH, LTC, XRP, etc.) |
| Corporate Accounts Available? | Yes | Yes |
| Segregated Client Funds? | Yes | Yes |
| Compensation Fund Protection? | Yes (EU Clients via CySEC protection scheme) | No clear compensation scheme details |
| Negative Balance Protection for All Clients? | Yes | Yes |
| Dedicated Account Managers? | Yes, for VIP and high-net-worth clients | Yes, for high-volume traders |
| Investor Protection Fund Membership? | Yes, covered under CySEC | No clear investor fund protection scheme |
| Regional Trading Restrictions? | No services for the USA, Canada, Israel, and North Korea | No services for the USA, Canada, and some restricted regions |
| Partnership Programs | IB (Introducing Broker), Affiliate, White Label, MAM | IB (Introducing Broker), Affiliate, PAMM, White Label |
| Deposit Bonus Availability | Yes, subject to jurisdictional limitations | Yes, depending on account type |
| Loyalty Program for Traders | Yes (Bonus Points System for Active Traders) | No specific loyalty program details |
| Trading Signals Provided? | Yes, free daily signals for clients | Yes, trading signals available via Social Trading platform |
| Risk Management Tools | Stop-Loss, Take-Profit, Margin Alerts | Stop-Loss, Take-Profit, Margin Alerts |
| Professional Indemnity Insurance? | Yes | No |
| Demo Account Expiry | Unlimited (unless inactive for 90 days) | No expiry |
| Demo Account Trading Conditions | Simulated real-market conditions | Simulated real-market conditions |
| Time Zone for Trading Servers | GMT+2/GMT+3 (Daylight Saving Time) | GMT+2 |
| Spread Markup Transparency | Yes | No clear details provided |
| Withdrawal Cancellation Option? | No | No |
| Customer Service Languages | 30+ languages, including English, Spanish, Chinese, Arabic, Hindi, Russian, French, etc. | Multiple languages, but fewer options than XM |
| Broker Reputation Among Traders | Strong, well-regarded with positive feedback | Mixed reputation, concerns over regulatory status |
| Trading Community & Forums? | Yes, active community discussions and analysis | Limited community engagement |
XM Trading is a well-regulated, reputable broker with strong transparency, while CXM Direct offers high leverage and crypto trading but has regulatory concerns. XM is safer, whereas CXM may appeal to high-frequency traders despite mixed reviews.