To meet the trading needs in the financial industry, many forex exchanges have been born. However, not all exchanges guarantee reputation and quality. Therefore, to help investors choose a suitable forex trading platform, XForex has compiled the necessary information in this article. Stay tuned to compare XTB vs XM exchanges!

Overview of forex exchange XTB vs XM

The comparison of XTB vs XM exchanges will be more accurate when based on objective arguments. From there we will recognize the strengths and weaknesses of each trading platform. And decide to choose the most suitable choice between XTB and XM. 

XTB forex platform

One of the world’s leading foreign exchange exchanges that cannot be ignored is XTB forex. Up to now, XTB has been present in over 190 countries and territories. Attracting the attention and participation of about 10 million customers globally. This is a number that proves the reputation and safety when trading on the exchange. 

XTB Trading platform is supervised and guaranteed by many reputable financial institutions in the world. Especially FCA (Financial Conduct Authority) and KNF (Komisja Nadzoru Finansowego). The exchange supports trading on the xStation platform, helping to improve security and optimize convenience for traders. 

>>>See more: Trade safely and effectively on reputable Broker XTB

XM Forex exchange

XM forex exchange is a foreign exchange exchange with a strong presence globally. Allows traders to trade a variety of different asset types on the same platform. On the other hand, XM’s level of security and reputation is highly appreciated. Because they are supervised and licensed by CySEC (Cyprus Securities and Exchange Commission) and ASIC (Australian Securities and Investment Commission). 

XM platform supports trading on two main platforms: Metatrader 4 and Metatrader 5. This is one of the differences between XTB vs XM. XM allows users to flexibly use between MT4 and MT5, while XTB only has xStation. But XTB’s xStation is also a very superior platform, supporting many modern technical analysis tools.

Compare XTB vs XM exchanges in all aspects

When faced with choosing the XTB and XM trading platforms. Both are large, reputable, and famous forex exchanges in the world. However, to suit your personal needs when choosing between XTB vs XM, you need to keep in mind a few things:

Compare XTB and XM exchanges in terms of reputation

Reputation is an indispensable criterion when comparing XTB vs XM exchanges. This is also an important factor that directly affects the election results. XTB forex is guaranteed by two organizations, FCA and KNF. Meanwhile, the XM exchange is supervised and licensed by two organizations: CySEC and ASIC. However, both XM and XTB have in common that they are protected and licensed by large, reputable financial institutions in the world. Therefore, the reputation of both exchanges is up to standard. 

Spread of XM vs XTB

It would be remiss not to mention Spread when comparing these two exchanges. Spread is simply understood as the difference between the selling price and the buying price on the trading market. Investors always want low spreads to minimize transaction costs. The spread level between XTB and XM exchanges is also regulated differently. 

• XTB forex offers two main Spread levels: fixed and variable. In addition, the Spread level also depends on your trading account type. 
• XM exchange also has two spread levels: fixed and variable. However, in some cases, the spread level of the XM exchange will be lower than the XTB exchange. 

Leverage of XM vs XTB account

Leverage is one of the important indicators when trading forex. Therefore, when comparing XTB forex and XM, this factor cannot be ignored. Specifically, the leverage on XM vs XTB is as follows: 

• XM exchange: Three account types are Micro, Standard, and Ultra Low with leverage up to 1:888. On the other hand, the Share account supports specific leverage levels, depending on the type of asset involved in the transaction. 
• XTB exchange: Standard XTB account type has a leverage of 1:500, this is the maximum leverage that XTB supports. In addition, each product will have a different leverage level. You can see details of each type of product XTB offers to know the exact leverage level. 

Compare XTB and XM exchanges in terms of withdrawal speed

When comparing XTB and XM in terms of withdrawal speed, we see similarities. Both XTB and XM exchanges support traders to withdraw money quickly and conveniently. Withdrawing money from a trading account to a personal account takes about a few hours. In some special cases, the resolution may take up to several working days. Note that the above time will vary depending on the regulations in the country in which you live. 

>>>See more: Instructions on XTB open account steps quickly

The trading platform between XTB vs XM, exchange is more prominent.

XM and XTB both have their strengths. So when comparing XTB vs XM exchanges, which exchange stands out more? Let’s join XForex to find the answer reflected through the trading platform of each exchange. 

XTB uses the exclusive xStation 5 platform

Advantage 

• Provides traders with many market analysis tools, especially chart customization features. 
• Scientific design, friendly interface, and easy operation. 
• Integrated charts and economic news. 
• The platform is compatible with many different devices such as phones (IOS, Android), and computers (Windows, MacBook). 

Defect 

• Do not give users a choice of other platforms. 

XM platform uses the Metatrader 4 and Metatrader 5 trading platforms

Advantage

• Supports ⅔ of the world’s leading forex trading platforms. 
• Integrates many smart tools and powerful analysis features. 
• Supports many charts and essential technical indicators. 
• There is an automated trading feature through the EA. 
• Supports transactions on many different types of devices that only require an internet connection. 

Defect

• The interface is somewhat complicated, requiring traders some time to get used to. 

Compare XTB and XM brokers in terms of bonus programs

One of the important factors that attract traders to trading exchanges is promotions. So what happens when comparing XTB vs XM in terms of bonus programs? 

For XTB forex exchange: 

• The program gives instant bonuses to traders who open an account for the first time at XTB Forex. 
• Special promotions are held during holidays and important events. 
• Bonus program for long-time traders or those who have a history of trading at the exchange. 

For XM forex trading platform: 

• Bonus bonus for new accounts created on the exchange. 
• Bonus program based on % of the initial deposit value. 
• Some promotional programs offer money to strengthen traders’ capital. 

Which exchange should I play XTB vs XM?

When you are facing the choice of “XTB vs XM, which exchange to play, you need to make a wise decision. That’s why comparing XTB vs XM exchanges will help you get more useful information. Thanks to that, traders can make the most accurate choice. 

Advantages of XTB exchange

Below are some outstanding advantages of XTB that you need to know before making your decision. 

• Supervised and guaranteed by major financial management organizations in the world. Therefore, the reputation and safety level of the exchange is very good. 
• Using the exclusive trading platform xStation 5. Shows investment and professionalism in the working style of XTB forex. On the other hand, using a private platform will help improve security and stability. 
• Supports users with a variety of trading assets such as Forex, CFD, commodities, indices, stocks, shares…

Epilogue 

Both XM and XTB have their own strengths and weaknesses. However, the information related to the comparison of XTB vs XM exchanges above has helped you make your own choice. If you are interested in the topic of comparing XTB and ICMarkets XTB vs IC Markets or XTB vs Exness, please look forward to the next articles of XForex !

FAQ

Should I trade on XTB or XM? Why? 

Both XTB and XM have their advantages. Therefore, choosing XTB or XM depends on each individual’s trading needs. If you want to experience the exclusive xStation trading platform, choose XTB. If you want to use Metatrader’s resources, you should choose XM. 

XTB exchange or XM exchange, which exchange has higher withdrawal fees? 

Both XTB and XM do not charge users withdrawal fees. 

Should newbies choose to trade forex on XM or XTB? 

If you are a newbie, XTB forex exchange will be a more suitable choice. Because xStation 5’s interface design is very scientific and easy to use, even when trading for the first time.