Head to head
FxPro vs XM
FxPro is licensed by FCA in the United Kingdom, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. XM is licensed by CySEC in the European Union, DFSA in the United Arab Emirates (DIFC) and FSCA in South Africa. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.
Minimum deposits start at $0 at FxPro and $5 at XM. Both offer negative balance protection and segregated client money.
Facts last checked: FxPro on 20 October 2026, XM on 20 October 2026.
Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.
Broker
Comparing
FxProRaw+ account · United Kingdom
XMEuropean Union
Overview
Founded
Not yet checked
2009
Headquarters
London, United Kingdom
Not yet checked
Official websites
- fxpro.com
- fxpro.co.uk
- xm.com
- trading-point.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
FxPro UK Limited
Trading Point of Financial Instruments Ltd
Regulation level
Strictly regulated
Strictly regulated
Clients this company serves
UK residents
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
- FCA (United Kingdom)
- CySEC (European Union)
- SCB (The Bahamas)
- FSA Seychelles (Seychelles)
- CySEC (European Union)
- DFSA (United Arab Emirates (DIFC))
- FSCA (South Africa)
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company
ICF (Cyprus) for eligible clients of Trading Point of Financial Instruments Ltd; none named for XM Global Limited
Costs
Your monthly cost
$96$9.6 per lot × 10 lots
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Leverage and margin
1:30 on major pairs for UK and EU retail clients; dynamic leverage with no fixed cap on major pairs at the Bahamas company
Up to 1:1000 (XM Global Limited); EU retail clients are limited to 1:30 on major pairs
Retail leverage by asset class
- Major currency pairs: 1:30 (UK/EU); dynamic, no fixed cap (Bahamas)
- Minor currency pairs: 1:20 (UK/EU); 1:500 (Bahamas)
- Gold: 1:20 (UK/EU); 1:10000 (Bahamas)
- Major indices: 1:20 (UK/EU); 1:500 (Bahamas)
- Energies: 1:10 (UK/EU); 1:200 (Bahamas)
- Shares and ETFs: 1:5 (UK/EU); 1:25 (Bahamas)
- Cryptocurrencies: 1:2 (UK/EU); 1:500 (Bahamas)
Not yet checked
Stop-out level
50% for UK and EU retail accounts; FxPro states 0% for accounts at its global entity
Not yet checked
Account
Minimum deposit (this account)
$0
No accounts listed
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)
No accounts listed
Platforms and features
Platforms
- FxPro platform and app
- MetaTrader 4
- MetaTrader 5
- cTrader
- TradingView
- MetaTrader 4
- MetaTrader 5
- XM App
Markets
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
Copy trading
No
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked
Deposits and withdrawals
Deposit methods
- Bank transfer
- Local bank transfer
- Debit or credit card
- E-wallet
Not yet checked
Withdrawal fee
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
Not yet checked
Inactivity fee
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request
Not yet checked
Support
Customer support
24/5 by live chat, email and phone
Not yet checked
Our notes
Strengths
- UK company authorised by the FCA and EU company licensed by CySEC, both strict regulators
- Client money held in segregated accounts, with negative balance protection for all clients
- Raw+ account costs about $9.60 per lot on EUR/USD, against about $14.90 on Standard
- Low minimum deposit of $5 on the Standard and Ultra Low accounts
- Negative balance protection on all accounts, according to XM's account page
- EU clients can contract with a CySEC-licensed company (licence 120/10)
Watch out for
- Clients outside the UK and EU usually join the Bahamas company, with lighter rules and no FSCS or ICF cover
- Leverage at the Bahamas company is dynamic with no fixed cap on major pairs, which magnifies losses
- Live accounts are disabled after 3 months of inactivity
- XM's global site names XM Global Limited, which it says is regulated by the FSC of Belize (licence 8557558). We could not confirm this licence on the Belize FSC's online register on 2026-10-20, so we do not list it.
- Leverage of up to 1:1000 on the global site magnifies losses as much as gains
- The Standard account is marketed with deposit bonuses; read the bonus terms before you accept one
- XM no longer holds a UK licence (the FCA register shows its passport as cancelled) and its former Australian company now trades as Trading.com Markets
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Risk warnings
The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:
- FxPro: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.
- XM: Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital.
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Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.
Nothing on this page is financial advice. Read the full disclaimer.