Head to head
XChief vs XM
XChief has no licence we could confirm on a regulator's register. 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 XChief (the xPRIME account needs $500) and $5 at XM. Both offer negative balance protection and segregated client money.
Facts last checked: XChief 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
XChiefxPRIME account
XMEuropean Union
Overview
Founded
Not yet checked
2009
Headquarters
Fomboni, Mwali (Comoros)
Not yet checked
Official websites
- xchief.com
- xm.com
- trading-point.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
No licence listed
Trading Point of Financial Instruments Ltd
Regulation level
No licence listed
Strictly regulated
Clients this company serves
No licence listed
Residents of EU and EEA countries (CySEC lists xm.com and trading-point.com as its approved domains)
All licences held
None listed
- CySEC (European Union)
- DFSA (United Arab Emirates (DIFC))
- FSCA (South Africa)
None
ICF (Cyprus) for eligible clients of Trading Point of Financial Instruments Ltd; none named for XM Global Limited
Costs
Your monthly cost
$70$7 per lot × 10 lots
No accounts listed
Typical GBP/USD spread
0.3 pips
Not yet checked
Typical USD/JPY spread
0.2 pips
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Leverage and margin
Up to 1:1000 on forex (lower as account equity rises)
Up to 1:1000 (XM Global Limited); EU retail clients are limited to 1:30 on major pairs
Retail leverage by asset class
- Forex (equity under $3: 1:1000
- Metals (equity under $3: 1:500
- Commodities and indices (equity under $3: 1:50
- Cryptocurrencies: 1:5
- US shares: 1:2
Not yet checked
Stop-out level
30% (CENT, Classic+, DirectFX); 50% (xPRIME)
Not yet checked
Account
Minimum deposit (this account)
$500
No accounts listed
Market execution, MetaTrader 5, $3 / €3 / £3 commission per side on forex and metals
No accounts listed
Platforms and features
Platforms
- MetaTrader 4
- MetaTrader 5
- xChief mobile app
- MetaTrader 4
- MetaTrader 5
- XM App
Markets
Up to 32 currency pairs, metals, commodities, indices, cryptocurrencies and 95 US share CFDs (xPRIME account)
Currency pairs, indices, commodities and share CFDs; real shares on the Shares account
Copy trading
Yes
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 (SWIFT
- SEPA
- FPS)
- Cryptocurrency
Not yet checked
Withdrawal fee
The deposit page lists 0% for bank transfer and crypto; the agreement allows extra fees if you deposit and withdraw without trading
Not yet checked
Inactivity fee
$20 one-off, then $20 a month, while an account is inactive
Not yet checked
Support
Customer support
24/7 by live chat, Telegram, WhatsApp, Viber and email
Not yet checked
Our notes
Strengths
- Four account types, including a cent account with no minimum deposit
- Negative balance protection and segregated client money are stated in its risk disclosure
- Leverage is cut automatically as account equity grows, which limits the size of positions on larger accounts
- 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
- Says xChief Ltd holds Mwali International Services Authority (MISA) licence T2023379; we could not confirm it on MISA's register on 2026-10-20 (the register blocked automated access).
- Says xChief ZA (Pty) Ltd is authorised by the FSCA as FSP 54829; we could not confirm it on the FSCA register on 2026-10-20 (the register could not be reached). That company only introduces clients; accounts are opened with xChief Ltd in Comoros.
- Leverage up to 1:1000 and heavy use of bonuses, no-deposit offers and trading credits
- Inactive accounts pay $20 and then $20 a month
- 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
Choose at least one broker above to start comparing.
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:
- 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.