- FxPro adds cTrader, TradingView and an Elite rebate structure
- XM and FxPro use different spread-only and raw-pricing accounts
- The assigned entity determines protection and leverage
- Swap-free administration and account eligibility require written confirmation
Evidence-based comparison#
Short Answer
Neither XM nor FxPro is universally better. Verify the legal entity first, then compare the exact account's total cost, platform, funding route and risk controls.
Detailed Explanation
FxPro may offer platform and pricing choices that differ from XM, including cTrader where available. Platform fit follows entity and cost checks. Advertised spreads, leverage and processing times are conditional rather than promised outcomes.
Example
A cTrader workflow should be tested with FxPro, while an XM MT4 EA needs a separate compatibility test. Keep instrument, volume, session and holding period constant.
Common Mistake
Declaring a platform superior without testing the order types, automation and symbols the strategy requires.
Professional Tip
Build a platform requirement list and test the exact broker server with the intended tools.
Overview#
XM and FxPro are both well-established international forex brokers with strong multi-jurisdiction regulation and competitive trading conditions. They target overlapping but distinct audiences — XM focuses on accessibility and trader education, while FxPro positions itself as a professional-grade broker with diverse platform options.
XM was founded in 2009 and offers MetaTrader accounts, its own app, education and promotions where eligible. Terms vary by entity.
FxPro was founded in 2006 and lists MT4, MT5, cTrader, TradingView and proprietary tools, plus Raw+ and Elite pricing. This guide does not independently verify execution quality.
Quick Comparison Table#
| Feature | XM | FxPro |
|---|---|---|
| Founded | 2009 | 2006 |
| Regulation | CySEC, DFSA, FSCA, FSC/FSA, CMA Kenya, BVI FSC | FCA, CySEC, ASIC, FSCA, SCB |
| Min. Deposit | $5 | $100 |
| Spreads (EUR/USD) | From 0.6 pips (Ultra Low) | From 0.0 pips (Raw+) |
| Commission | $0 (Standard/Ultra Low); XM Zero has commission | $3.50/lot/side (Raw+/Elite) |
| Max. Leverage | Up to 1:1000* | Up to 1:500* |
| Platforms | MT4, MT5, XM App, XM WebTrader | MT4, MT5, cTrader, TradingView, WebTrader |
| Islamic Account | Yes (all account types) | Yes (upon request) |
| Bonus | Available in eligible jurisdictions | No bonuses |
| Support Languages | 30+ including Arabic | 20+ including Arabic |
| Education | Extensive (webinars, seminars) | Good (articles, videos) |
| Instruments | 1,400+ | 2,100+ |
| Review | XM review | - |
Regulation#
Both brokers hold multiple licenses, but the protection level depends on the exact legal entity that onboards your account.
XM's official regulation page lists 8 group licenses:
- CySEC (Cyprus) — License #120/10
- DFSA (Dubai, DIFC) — License #F003484
- FSCA (South Africa) — License #49976
- FSC (Belize) — Licence #8557558
- FSC (Mauritius) — Investment Dealer Licence #GB23202700
- FSA (Seychelles) — Securities Dealer's License #SD190
- CMA (Kenya) — Non-Dealing Online Forex Broker License #233
- BVI FSC (British Virgin Islands) — Investment Business License #SIBA/L/25/1182
FxPro's regulatory licenses:
- FCA (United Kingdom) — License #509956
- CySEC (Cyprus) — License #078/07
- ASIC (Australia)
- FSCA (South Africa) — License #45052
- SCB (Bahamas) — License #SIA-F184
| Aspect | XM | FxPro |
|---|---|---|
| Tier 1 Regulators | CySEC | FCA, CySEC, ASIC |
| Middle East | DFSA (Dubai) | — |
| Africa | FSCA, CMA (Kenya) | FSCA |
| Client Fund Segregation | Entity-dependent rules | Yes |
| Negative Balance Protection | Entity/account terms apply | Yes |
| Compensation Scheme | ICF only where eligible under CySEC entity | FSCS only where eligible under FCA entity |
| Review | XM review | - |
Verdict on regulation: Both are well-regulated. FxPro holds three Tier 1 licenses (FCA, CySEC, ASIC), while XM's official regulation page lists entities across CySEC, DFSA, FSCA, FSC/FSA, CMA Kenya and BVI FSC jurisdictions, with DFSA especially valuable for Middle Eastern traders. Your actual protection depends on the entity named in your client agreement.
Spreads and Fees#
Both brokers offer competitive pricing, but their pricing models differ significantly.
XM Spreads (typical):
| Account | EUR/USD | GBP/USD | USD/JPY | Gold |
|---|---|---|---|---|
| Standard | 1.6 pips | 2.1 pips | 1.6 pips | 3.5 pips |
| Ultra Low | 0.6 pips | 0.7 pips | 0.7 pips | 1.5 pips |
| XM Zero | 0.0 pips | 0.2 pips | 0.1 pips | 2.0 pips |
XM Zero charges $3.50/lot/side commission.
FxPro Spreads (typical):
| Account | EUR/USD | GBP/USD | USD/JPY | Gold |
|---|---|---|---|---|
| Standard | 1.2 pips | 1.5 pips | 1.3 pips | 3.0 pips |
| Raw+ | 0.0 pips | 0.2 pips | 0.1 pips | 1.5 pips |
| Elite | 0.0 pips | 0.2 pips | 0.1 pips | 1.5 pips |
FxPro Raw+ and Elite charge $3.50/lot/side commission. Elite accounts earn rebates from $1.50/lot based on volume.
All-in cost comparison (EUR/USD, 1 standard lot round-turn):
Under the displayed assumptions, XM Ultra Low is $6 and FxPro Standard $12 per lot round turn, while the raw-account commission examples are $7. These are illustrative published inputs, not audited average fills.
Non-trading fees:
- Deposits/Withdrawals: Both offer free deposits and most withdrawals
- Inactivity fee: XM charges $5/month after 90 days. FxPro charges $15 after 6 months of inactivity, then $5/month after 12 months
- Swap rates: Both offer swap-free options for Islamic accounts
Leverage#
| XM | FxPro | |
|---|---|---|
| Maximum leverage | Up to 1:1000* | Up to 1:500* |
| Default leverage | Entity/account dependent | Entity/account dependent |
| Leverage on Majors | Up to 1:1000* | Up to 1:500* |
| Leverage on Gold | Up to 1:1000* | Up to 1:200* |
| Leverage on Crypto | Entity and instrument dependent | Entity and instrument dependent |
| Leverage on Indices | Entity and instrument dependent | Entity and instrument dependent |
| Review | XM review | - |
Verdict on leverage: XM has a headline advantage where the client is onboarded under an entity that allows higher leverage. FxPro's 1:500 maximum is still adequate for most forex strategies. For both brokers, the real cap depends on your country, legal entity, account type, and instrument.
Account Types#
XM Account Types:
| Account | Min. Deposit | Spread From | Commission | Key Feature |
|---|---|---|---|---|
| Micro | $5 | 1.0 pips | $0 | Micro lots (1,000 units) |
| Standard | $5 | 1.0 pips | $0 | Standard lots |
| Ultra Low | $5 | 0.6 pips | $0 | Low spreads, no commission |
| XM Zero | $100 | 0.0 pips | $3.50/lot/side | Raw spreads |
FxPro Account Types:
| Account | Min. Deposit | Spread From | Commission | Key Feature |
|---|---|---|---|---|
| Standard | $100 | 1.2 pips | $0 | All-inclusive spreads |
| Raw+ | $100 | 0.0 pips | $3.50/lot/side | Raw spreads for active traders |
| Elite | $100 | 0.0 pips | $3.50/lot/side | Raw spreads + volume rebates |
FxPro's unique offering is the Elite account, which provides volume-based rebates starting from $1.50/lot — useful for high-frequency traders who can offset commission costs through trading volume.
Platforms#
Platform variety is where FxPro has a notable advantage.
XM:
- MetaTrader 4 (Desktop, Web, Mobile)
- MetaTrader 5 (Desktop, Web, Mobile)
- XM App (proprietary mobile app with account management)
- XM WebTrader
FxPro:
- MetaTrader 4 (Desktop, Web, Mobile)
- MetaTrader 5 (Desktop, Web, Mobile)
- cTrader (Desktop, Web, Mobile)
- TradingView (integrated charting and trading)
- FxPro WebTrader (proprietary web platform)
- FxPro Mobile App
| Feature | XM | FxPro |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| TradingView | No | Yes |
| Proprietary Platform | XM App, XM WebTrader | FxPro WebTrader |
| Copy Trading | Yes | Yes (cTrader Copy) |
| VPS | Free (conditional) | Free (conditional) |
| Autochartist | Yes | No |
| Review | XM review | - |
FxPro's cTrader integration is a factor to verify for professional traders who demand Level II pricing, advanced order types, and depth-of-market data. TradingView integration lets traders use one of the most popular charting tools directly for execution. FxPro WebTrader offers browser-based trading without installing software. XM's strength is its ecosystem — MT4/MT5, XM WebTrader, the XM App, education, and Autochartist-style market analysis.
Islamic Accounts#
Both brokers offer swap-free accounts for Muslim traders.
XM Islamic Account:
- Available on all account types (Micro, Standard, Ultra Low, Zero)
- No swap or rollover charges on overnight positions
- No additional fees, markups, or hidden costs
- Activated upon request through customer support
- No time limit on swap-free status
- Full Arabic support during setup and management
FxPro Islamic Account:
- Available on Standard, Raw+, and Elite accounts
- No swap charges on overnight positions
- A transparent administrative fee is charged instead of swaps to cover operational costs
- Activated upon request through customer support
- Access to 70+ currency pairs, commodities, and indices
- Arabic support available
Customer Support#
The listed support and education inventories differ, but quality and response times were not independently benchmarked.
| Aspect | XM | FxPro |
|---|---|---|
| Live Chat | 24/5 | 24/5 |
| Yes | Yes | |
| Phone | Yes | Yes |
| Languages | 30+ | 20+ |
| Arabic Support | Full dedicated native team | Available |
| Response Time | Under 1 minute (chat) | Under 2 minutes (chat) |
| Personal Account Manager | Yes | Yes (for qualified accounts) |
| Webinars | Regular (multiple languages) | Occasional |
| Seminars | Global events | Limited |
| Educational Depth | Extensive (200+ videos, guides) | Good (articles, videos) |
| Review | XM review | - |
XM's support strengths:
- Dedicated Arabic-speaking customer support team
- Regular live webinars in Arabic and other languages
- Personal account managers for active traders
- Global seminar program with events in Middle Eastern countries
- Over 200 educational videos and comprehensive trading guides
FxPro's support strengths:
- Good multilingual support across 20+ languages
- Professional-grade platform documentation
- Reliable technical support for platform issues
- CME Group education partnership
Final Verdict#
XM and FxPro are both reputable, well-regulated brokers with different strengths.
Choose XM if you:
- Are a beginner or intermediate trader
- Want to start with as little as $5
- Value bonuses where eligible, subject to country and entity terms
- Need full Arabic support — customer service, webinars, and education
- Want a personal account manager
- Prefer higher leverage flexibility where your entity allows it
- Want promotional offers, where available, to reduce starting friction
- Are based in the Middle East and value DFSA regulation
- Appreciate a comprehensive educational ecosystem
Choose FxPro if you:
- Are an experienced trader who values platform diversity
- Want access to cTrader and TradingView alongside MT4/MT5
- Prefer FCA regulation as your primary safety layer
- Can comfortably deposit $100+ to get started
- Want access to a wider range of instruments (2,100+)
- Are a high-volume trader who can benefit from Elite account rebates
- Don't need bonuses or extensive educational support
Our assessment: Neither is universally preferable. FxPro may fit traders who need cTrader, TradingView or Elite rebates; XM may fit traders whose available MetaTrader account and education format match their plan. Verify the entity and test total cost.
Affiliate & risk disclosure: ForexTradeLab may earn commissions from qualifying broker links. This does not affect the comparison method or make any broker suitable for you. Leveraged forex and CFDs can cause rapid losses. Read the affiliate disclosure and risk disclaimer.