Updated October 13, 2026 · BrokerCue Editorial Team
FXTM vs XM
Where FXTM and XM differ
| Compare | FXTM ReviewSee alternativesSee alternatives |  XM |
|---|---|---|
| Regulators | FCA, CySEC | SIPC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Retail accounts that lose money | 88% | 75.12% |
| Deposit and withdrawal fees | No deposit fees; withdrawal fees vary by method | 0 fees on partner withdrawals |
| Minimum deposit | $10 | Not confirmed |
| Inactivity fee | $5 | Not confirmed |
| Markets | Stocks, ETFs, Forex, CFDs, Futures, Crypto, Bonds, Metals | Not confirmed |
| Platforms | Desktop, Mobile App, MetaTrader 4, MetaTrader 5 | Not confirmed |
| Maximum retail leverage | 1:2000 | Not confirmed |
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Key differences
- Regulators: only FXTM offers FCA, CySEC.
- Regulators: only XM offers SIPC.
- FXTM is licensed in 1 more country.
- Features: only FXTM offers Demo account, Mobile app, Crypto.
Our verdict on each
FXTM
FXTM suits traders who want forex, CFDs, futures, crypto and shares under one account, with retail leverage of 1:2000 and dual regulation behind the money. Costs are the compromise: entry is light, but support runs on help centre only, and a dormant account is charged rather than left free.
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 | FXTM | XM |
|---|---|---|
| Cost | 9.0Entry costs are light, with a $10 starting deposit and No deposit fees; withdrawal fees vary by method, though dormant accounts pay $5. | Not confirmed |
| Offer | 9.3Higher | 8.3 |
| Trust | 9.5Higher | 8.6 |
How they place
| Ranking | FXTM | XM |
|---|---|---|
| Copy trading platforms | 8 of 38 | 37 of 38 |
Where each is licensed and available
| Country | FXTM | XM |
|---|---|---|
| Cyprus | Not confirmed | |
| United Kingdom | Not confirmed | |
| United States | Not confirmed | SIPC SIPC member 70992 |
What we checked
FXTM
- fxtm.com: 5 facts, checked September 26, 2026
- brokersway.com: 4 facts, checked September 26, 2026
- trade-leader.com: 2 facts, 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 | FXTM | XM |
|---|---|---|
| Features | Demo account, Copy trading, Mobile app, CryptoCovers more | Copy trading |
| Legal entity | Not confirmed | &PARTNERS |
| Support channels | Help centre | Help centre |
Where each stands against the rest
| Fact | FXTM | XM | Median |
|---|---|---|---|
| Minimum deposit | $10below the median | Not confirmed | $25 |
| Inactivity fee | $5above the median | Not confirmed | $0 |
| Retail accounts that lose money | 88%highest quarter | 75.12%highest quarter | 72.05% |
Median across 134 listed brokers.
Pros and cons
FXTM
Pros
- One account spans stocks, etfs and forex.
- The FCA and CySEC both appear under FCA and CySEC, with FSCS up to GBP 85,000 for UK clients.
- Trading runs on Desktop, Mobile App and MetaTrader 4, and demo account, copy trading and mobile app adds a demo account and copy trading.
Cons
- Dormant balances are charged $5, a cost active traders never meet.
- Support runs on help centre only.
- Leverage of 1:2000 magnifies losses, and 88% of retail accounts lose money.
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
FXTM
Who it suits
- Traders who want forex, CFDs, futures, crypto and shares in one place from a $10 start.
- Newcomers who want a demo account and copy trading through demo account, copy trading and mobile app.
- Clients who want regulation in the UK and Cyprus under FCA and CySEC.
Who should look elsewhere
- Anyone who wants to open with nothing: CFI has a $0 minimum.
- Traders focused on shares, ETFs and crypto rather than bonds and metals: eToro's markets are stocks, etfs and forex.
- Small accounts wanting a cheaper opening: Vantage starts at $5.
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
FXTM
What does it cost to open and keep an FXTM account?+
Opening an account starts at $10, and the deposit and withdrawal terms read No deposit fees; withdrawal fees vary by method. The fee to watch is the inactivity charge of $5, which bites once an account sits idle, so running costs stay low only while you keep trading.
Is my money protected at FXTM?+
FXTM is regulated by the FCA and CySEC, and the investor protection stated is FSCS up to GBP 85,000. That cover sits with the regulated entity holding the account, so check which one your account is opened with before treating the protection as your own.
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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