Updated May 13 2022
Overview | |
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XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets. |
CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 5 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2009 | 1989 |
💳 Minimum Deposit | |
€, £, $ - 5 | 0 |
💰 Payment Methods | |
💵 Account Base Currencies | |
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. | 10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA. | US, JP, SY, ZA, IR. |
📊 STP Account | |
No | No |
📊 DMA Account | |
No | Yes |
📊 ECN Account | |
No | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
1286 | 10,169 |
📘 Currency Pairs | |
57 | 330+ |
📗 Commodities | |
15 | 124 |
📕 Indices | |
14 | 95 |
📔 ETFs | |
N/A | 1084 |
💸 Cryptocurrencies | |
N/A | 18 (Not available in the U.K) |
📒 Bonds | |
N/A | 55 |
📓 Options | |
N/A | N/A |
📗 Futures | |
10 | CFDs on commodities futures contracts with various expiration dates. |
📝 Notes: | |
All of XM's assets are CFDs. | N/A | Trading Experience |
📈 Minimum Stock Trade Size | |
Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares) | 1 Share |
📉 Minimum ETFs Trade Size | |
N/A | 1 ETF |
📈 Minimum Crypto Trade Size | |
N/A | Varies per cryptocurrency (eg: 0.01 BTC) |
📉 Minimum FX Trade Size | |
$100 (0.001 Lots) | $1,000 (0.01 Lots) |
📈 Minimum Commodities Trade Size | |
Varies by Commodity (Eg: 0.01 Troy ounce of Gold) | 1 Contract |
📉 Minimum Bonds Trade Size | |
N/A | 1 Contract |
📈 Minimum Futures Trade Size | |
All of XM's futures are commodities, same rules apply. | 1 Contract |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
N/A | Up to 1:500 |
✍ Customisable Leverage | |
Yes | No |
🎲 Deleveraged Trading | |
No | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
No | Yes |
📱 Android App | |
No | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | No |
💻 Web trader | |
Yes | Yes |
💻 TradingView Platform | |
No | No |
💻 Proprietary Platform | |
No | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
Yes | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
Yes | Yes | Fees |
💰 Inactivity Fee | |
Yes, $15 one time payment after 1 year of inactivity and then $5 monthly. |
After 12 months of inactivity, CMC Markets charges a £10 inactivity fee. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes on Zero accounts ($7 per lot round turn). |
Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. |
Spreads |
📈 EUR/USD | |
Dynamic - From 1.7 Pips | Dynamic - From 0.7 Pips |
📉 SP500 | |
Dynamic - From 40 Pips | From 60 Pips |
📈 GOLD | |
Dynamic - From 35 Pips | From 30 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - From $9.4 | Dynamic - Market Spread |
📈 XLK (ETF - CFD) | |
N/A | Dynamic - Market Spread |
📉 BTC | |
N/A | N/A | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | Yes |