Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

XM Group
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XM GROUP
Zulutrade
0 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ZULUTRADE
AvaTrade
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AVATRADE
About

XM Group is regulated by the Financial Conduct Authority, CySEC and MiFID. XM have provided forex, commodities, equity and indice trading services since 2009.

Zulutrade is regulated by MiFID and have provided copy trading services since 2007.

AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006.

Why choose them?
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 11 years in business
  • Yes
  • Yes
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No Yes
Social Trading No Yes Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 55 59
Commodities Offered 15 16
Stocks Offered 160 99
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks No No Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO Yes Yes Yes
See all instruments

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See all instruments

Losses can exceed deposits

See all instruments

71% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes No Yes
MT5 Yes No Yes
MT4 Mac Yes No Yes
WebTrader Yes No Yes
Mirror Trader No No Yes
ZuluTrade No Yes Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No No AvaTradeAct, AVAOptions

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes No
Available Languages

Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish

English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arabic, and Korean

English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch

See platform & features

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See platform & features

Losses can exceed deposits

See platform & features

71% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by XM Group and Zulutrade

Demo account Yes Yes Yes
Mini account Yes No Yes
Micro account Yes No Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account Yes No Yes
Zero spread account Yes No No
VIP account No No Yes
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
See account options

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See account options

Losses can exceed deposits

See account options

71% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No No
Direct market access No No Yes
STP broker No No No
Market maker Yes Yes Yes
Min trade 0.01 Lot Varies 0.01 Lot
Max trade 50 Lot Varies None
Min deposit $5 Varies $250

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No Yes Yes
Neteller Yes No Yes
Skrill No No Yes
Payment processing time Varies Varies Varies
Withdrawal processing time 2 business days 2 business days Varies
See all funding options

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See all funding options

Losses can exceed deposits

See all funding options

71% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries AU, CA,KR, CU, IR, MM, SD, SY AU, CA,KR, CU, IR, MM, SD, SY BE,BR,NZ,US,KE,IN,GH
Contact email Send Email Send Email Send Email
Phone number 357 25029933 1-917-6282237 (44) (0) 8005200423
Live Chat Yes Yes Yes
Website www.xm.com www.zulutrade.co.uk http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 0.1 pips + $10.00 Not offered 1.3 pips
GBP/USD (Average: 1.1 pips) 0.1 pips + $10.00 Not offered 2.0 pips
USD/JPY (Average: 1.1 pips) 0.1 pips + $10.00 Not offered 1.5 pips
AUD/USD (Average: 0.8 pips) 0.2 pips + $10.00 Not offered 1.8 pips
USD/CHF (Average: 2.3 pips) 0.2 pips + $10.00 Not offered 2.0 pips
USD/CAD (Average: 2.9 pips) 0.2 pips + $10.00 Not offered 2.5 pips
NZD/USD (Average: 3.6 pips) 0.3 pips + $10.00 Not offered 2.8 pips
EUR/GBP (Average: 2.4 pips) 0.2 pips + $10.00 Not offered 2.0 pips
View all spreads

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

View all spreads

Losses can exceed deposits

View all spreads

71% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes Yes No
Commission No Varies No
Deposit Fee No Varies No
Withdrawal Fee No Varies No
View All Fees

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

View All Fees

Losses can exceed deposits

View All Fees

71% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from www.xm.com. Last updated on 01/10/2019.

All information collected from www.zulutrade.co.uk. Last updated on 01/10/2019.

All information collected from http://www.avatrade.com/. Last updated on 01/10/2019.

Company

Since starting in 2009, XM Group has opened over 300,000 trading accounts, establishing itself as an industry leader with a focus on customer service it offers support in over 20 languages. With its size and resources, its users have access to a wide range of expert advice to hep everybody in the trading world.

XM has oppened accounts in over 190 countries and is regulated by multiple regulators including one of the worlds most stringent, the Financial Conduct Authority in the UK, CySEC, BaFin, CNMV and MiFID of the Eurpean Union. With 99.35% of trades executed in under a second and strictly no requotes and no rejections policy you can trade confidently with XM.

For more information about trading with XM, we have put together an indepth XM review with all the pros and cons about this broker.

ZuluTrade was founded in 2007 to fill the gap in services offered for individual traders, who want to keep in total control of their funds despite busy schedules which prevented them from following the changing markets every minute of the day.

ZuluTrade provides a web-based platform that audits traders globally and allows traders to share their experiences and strategies with interested individuals. The platform converts the advice and strategies from successful traders into a service which can rapidly execute trades by providing the link between the information in the markets and trade execution.

The underlying principle of ZuluTrade is to facilitate an open environment where traders can connect to any trading platform and share their insights and earn a commision when others use their advice to a live trade.

ZuluTrade is well suited for individual traders who want to trade but do not have the time to study or monitor the market by allowing you to easily find the best signal providers who are doing the this for you and easily convert their advice into live trades.

For more information about trading with Zulutrade, we have put together an indepth Zulutrade review with all the pros and cons about this broker.

Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

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XM Group or Zulutrade?

Access to MT4 or offers Paypal ?

If you’re a trader looking for a broker that offers the popular MT4 trading platform, XM Group is likely a better fit. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Zulutrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

XM Group is regulated by Financial Conduct Authority, CySEC, and ASIC, while Zulutrade is regulated by .

As the Financial Conduct Authority are one of the most stringent regulators in the world, XM Group will have very strict guidelines to follow to ensure they protect their retail trader clients.

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

XM Group has been around for 10 years, while Zulutrade have been around for 12 years. Our third alternative broker, AvaTrade, have been around for 13 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

XM Group uses tier one banks as their banking partner.Zulutrade does not use tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

XM Group is more popular with over 700,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both XM Group and Zulutrade are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

XM Group are based in 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus, while Zulutrade are based in United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both XM Group and Zulutrade offer forex trading. XM Group have a slightly larger variety of currency pairs with 55 pairs, compared to offered by Zulutrade. Also, if you’re looking to trade cryptocurrencies, XM Group offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, XM Group may be a better fit as Zulutrade does not offer commodity trading.

Zulutrade also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. AvaTrade, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

XM Group does allow scalping and hedging. While Zulutrade also allows scalping and hedging. You can trade with EAs (expert advisors) on both XM Group and Zulutrade.

In terms of risk management tools, XM Group does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but Zulutrade doesn't offer this.

XM Group also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

XM Group accept Neteller while Zulutrade accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, XM Group charges 0.10 points, while Zulutrade charges points. Therefore, Zulutrade is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: XM Group or Zulutrade?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Zulutrade is more reliable based on our criteria above. XM Group has a wider range of instruments to trade. XM Group offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.