Updated October 13, 2026 · BrokerCue Editorial Team
CFI vs XM
What sets them apart
| Compare |  CFI |  XM |
|---|---|---|
| Regulators | Cyprus Securities and Exchange Commission, FCA | SIPC |
| Investor protection | EU ICS up to EUR 20,000 | SIPC up to USD 500,000 |
| Retail accounts that lose money | 66% | 75.12% |
| Deposit and withdrawal fees | No deposit fees | 0 fees on partner withdrawals |
| Minimum deposit | $0 | Not confirmed |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto | Not confirmed |
| Platforms | MT5, TradingView, CFI Multi Asset, CFI Trading App | Not confirmed |
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Key differences
- Regulators: only CFI offers Cyprus Securities and Exchange Commission, FCA.
- Regulators: only XM offers SIPC.
- CFI is licensed in 1 more country.
- Features: only CFI offers Demo account, Mobile app.
- Features: only XM offers Copy trading.
Our verdict on each
CFI
CFI suits traders who want one account covering stocks, etfs and forex on a commission-free model commission free, with a minimum deposit of $0 and a Cyprus entity licensed by Cyprus Securities and Exchange Commission and FCA. Note that 66% of retail accounts lose money, and protection under the EU scheme is limited.
XM
XM is known for letting traders copy thousands of successful strategies alongside a range of accounts. It is a broker that serves beginners and experienced traders who want fast execution, fair conditions and structured choice with clear direction.
Score breakdown
| Area | CFI | XM |
|---|---|---|
| Cost | 9.7 | Not confirmed |
| Offer | 9.6Higher | 8.3 |
| Trust | 9.4Higher | 8.6 |
Availability and regulation
| Country | CFI | XM |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 70992 |
Sources behind this comparison
CFI
- media.cfifinancial.com: 4 facts, checked September 26, 2026
- play.google.com: 3 facts, checked September 26, 2026
- dailyforex.com: 2 facts, checked September 26, 2026
- forex.wikibit.com: 1 fact, checked September 26, 2026
- investinglive.com: 1 fact, checked September 26, 2026
XM
- partners.xm.com: 4 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
Every fact side by side
| Fact | CFI | XM |
|---|---|---|
| Features | Demo account, Mobile app | Copy trading |
| Pricing model | Commission free | Not confirmed |
| Legal entity | Credit Financier Invest (CFI) Ltd | &PARTNERS |
| Founded | 1998 | Not confirmed |
| Support channels | Not confirmed | Help centre |
Where each stands against the rest
| Fact | CFI | XM | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | Not confirmed | $25 |
| Retail accounts that lose money | 66%lowest quarter | 75.12%highest quarter | 72.05% |
Median across 134 listed brokers.
Pros and cons
CFI
Pros
- No minimum deposit, at $0, and No deposit fees, so funding does not cost a fee and the account can open at any size.
- Regulated on both sides of Europe: Cyprus Securities and Exchange Commission and FCA, with the Cyprus entity named as Credit Financier Invest (CFI) Ltd.
- A single account covers stocks, etfs and forex rather than forcing separate apps per asset class.
Cons
- Protection caps out at EU ICS up to EUR 20,000 on the Cyprus entity, so balances above that sit outside the scheme.
- 66% of retail accounts lose money, which is the risk that matters most for anyone sizing a position.
- Leverage sits alongside shares and ETFs in stocks, etfs and forex, so a single account mixes instruments with very different risk levels.
XM
Pros
- Community of over 20 million clients alongside 250,000 partners.
- Ability to copy thousands of successful strategies created by other traders.
- Fast execution and fair trading conditions designed around everyday needs.
Cons
- Copying other traders still requires judgement about risk and strategy fit.
- Wide account and strategy choice can feel demanding for absolute beginners.
Who each suits
CFI
Who it suits
- People who want stocks, etfs and forex held in one place instead of several broker accounts.
- Traders who prefer the commission-free model commission free and a minimum deposit of $0 over a larger entry threshold.
- Savers who want a Cyprus or UK regulated option, given Cyprus Securities and Exchange Commission and FCA and the Cyprus licence 179/12.
Who should look elsewhere
- Anyone wanting a wider asset list, since stocks, etfs and forex runs to futures as well and CFI's list is stocks, etfs and forex.
- EU traders who want a rival with a low entry point, such as XTB at €0.
- Traders put off by losses in the retail book, where 66% lose money and the median here is 70.15%.
XM
Who it suits
- Beginners who want guided account choice
- Active traders who value fast execution
- Learners who want to follow shared strategies
Who should look elsewhere
- Investors seeking managed portfolio services
Current offers
XM
Current offer
Bonus
Partners Rewards Program - up to $150,000 extra income: up to $150,000
Availability varies by country
Source, checked September 26, 2026
Questions about each
CFI
What is the minimum deposit to open a CFI account?+
The minimum deposit is $0, so an account can be opened at any size and a first deposit does not have to clear a threshold. For comparison, Vantage lists $5 and XTB €0. The median minimum across the brands ranked is €4.64, and the highest reaches €26,308.87. CFI places 1 of 213 on that measure.
Does CFI charge commission on trades?+
CFI trades on a commission-free model, commission free, so positions are opened without a per-trade commission charge. The cost of a trade therefore sits in the spread and the market rather than in a commission line. Commission-free models are common in the field, appearing for 69.8% of the brands compared. Low-fee models sit alongside them at 40.5%.
XM
What does XM offer traders?+
XM provides trader focused products built around active trading and choice. The range includes accounts for different experience levels and access to shared strategies. Fair conditions and fast execution sit at the centre of the offer.
How does strategy copying work at XM?+
XM allows traders to copy thousands of successful strategies shared by other traders. This approach helps newer traders learn from practical examples while they manage their own decisions. It also gives experienced traders a broader view of market approaches.
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