XM Vs. RoboForex - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74.89% of retail CFD accounts lose money.	Visit 74-89% of retail CFD accounts lose money.
Overview
XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.	RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.
Best For
Experienced traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms	Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)	IFSC (International Financial Services Commission of Belize)
The Good
Competitive commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)	Comprehensive asset offering with more than 13,000+ instruments Great platform variety (MT4, MT5, cTrader and their own proprietary platforms) Custom account types with spreads from 0 pips
The Bad
No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range	Weak regulatory framework (counting on 1 license from the IFSC) Doesn’t accept clients from the UK, EU and a few other countries
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2009	2009
💳 Minimum Deposit Range
$5	$10
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill	Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.	4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,382	13,206
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,286	12,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
57	40
📗 Commodities
0	0
📗 Commodities CFDs
15	100
📕 Indices
0	0
📕 Indices CFDs
14	50
📔 ETFs
0	0
📔 ETFs CFDs
0	1,000
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	16
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
10	0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions allowed	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable	$1,000 (0.01 Lots)
📈 Minimum Crypto Trade Size
Unavailable	$1,000 (0.01 Lots)
📉 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)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold)	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	2000
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount).
💰 Commissions
Yes on Zero accounts ($7 per lot round turn).	Yes depending on account type (eg: for ECN accounts there are commissions up to $20).
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 40 Pips	Dynamic - Market Spread
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - From $9.4	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Unavailable	Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
Yes	No