No broker is perfect, and XM is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to XM:
- XM does not offer Ethereum
- XM does not offer Ripple
- XM does not offer VPS services
- XM does not offer an ECN account
Whatever your reason, we've got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best XM alternatives.
Top alternative: AvaTrade
The most popular alternative to XM is AvaTrade, a brokerage regulated by Central Bank of Ireland, ASiC, FSA and the FSB and used by 200,000+ traders. Another strong alternative is eToro, which is regulated by the Financial Conduct Authority, UK.
Here are some of the key reasons why traders choose AvaTrade and eToro over XM:
|Regulator||Financial Conduct Authority, CySEC||Central Bank of Ireland, ASiC , FSA, FSB and BVI||Financial Conduct Authority, CySEC|
|Min. Trade||0.01 Lot||0.01 Lot||$25|
|Platforms||MT4, MT5, Mac, Web Trader, Tablet & Mobile apps||MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps||Web Trader, Tablet & Mobile apps|
If you want to read more about AvaTrade, we've put together an in-depth AvaTrade review that explores their platform, spreads, and trading conditions in more detail.Visit AvaTrade
If AvaTrade isn't quite right, we've also listed ten suitable XM alternatives below. You can click between the different instruments to compare each broker's spreads for that instrument.