- XM's $5 minimum deposit and bonuses where eligible make it far more accessible than FxPro's $100 minimum
- FxPro offers five trading platforms including cTrader and TradingView, while XM focuses on MT4, MT5, XM WebTrader, and the XM App
- XM Ultra Low spreads from 0.6 pips with zero commission offer better value than FxPro Standard's 1.2 pips
- XM's multilingual education and Arabic webinars give beginners a significant advantage over FxPro's limited resources
Regulated Global Broker Trusted by 20M+ traders — open your account in minutes
- Trade 1,400+ instruments
- Country-based bonus offers where eligible
- MT4 & MT5 available
- Easy deposits and withdrawals
- Leverage up to 1000:1, where available
- Copy Trading: auto-copy expert strategy managers
June 2026 field note: XM details can vary by country and legal entity. Before following this guide, compare the current signup or Members Area wording with the points below, especially account type, bonus and withdrawal conditions.
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 serves over 20 million clients in 190 countries. XM is known for its ultra-low $5 minimum deposit, bonuses where eligible, comprehensive educational resources, and award-winning multilingual support including full Arabic service.
FxPro was founded in 2006 in London and has built a strong reputation as a reliable, well-regulated broker. FxPro offers five trading platforms (MT4, MT5, cTrader, TradingView, and FxPro WebTrader), competitive raw spreads on its Raw+ and Elite accounts, and has earned multiple industry awards for its execution quality and transparency.
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+ |
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 |
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):
| XM Ultra Low | XM Zero | FxPro Standard | FxPro Raw+ | |
|---|---|---|---|---|
| Spread cost | $6.00 | $0.00 | $12.00 | $0.00 |
| Commission | $0.00 | $7.00 | $0.00 | $7.00 |
| Total | $6.00 | $7.00 | $12.00 | $7.00 |
XM's Ultra Low account is the clear winner for commission-free trading at just $6 per lot round-turn — half the cost of FxPro's Standard account. On raw spread accounts, both charge identical $7 round-turn commissions.
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 |
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 |
FxPro's cTrader integration is a significant advantage 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#
Customer support is where XM consistently outperforms most competitors including FxPro.
| 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) |
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
- Award-winning customer service
FxPro's support strengths:
- Good multilingual support across 20+ languages
- Professional-grade platform documentation
- Multiple industry awards for transparency
- 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: For many retail forex traders — especially beginners and those in the Middle East — XM is the more accessible choice. Its $5 minimum deposit, Ultra Low pricing, comprehensive Arabic support, education, and DFSA-regulated entity coverage create a strong beginner-friendly ecosystem. Bonus offers can improve the starting experience where eligible, but they should never replace checking the current terms and withdrawal rules.
FxPro is an excellent choice for experienced traders who prioritize platform variety (especially cTrader and TradingView) and FCA regulation. Its Raw+ spreads are competitive, and Elite account rebates offer value for high-volume traders.
