- XM's $5 minimum deposit and $30 no-deposit bonus 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, and its own 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
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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, $30 no-deposit bonus, 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, ASIC, DFSA, FSCA, FSC (9 total) | 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) | $3.50/lot/side (Raw+/Elite) |
| Max. Leverage | 1:1000 | 1:500 |
| Platforms | MT4, MT5, XM App | MT4, MT5, cTrader, TradingView, WebTrader |
| Islamic Account | Yes (all account types) | Yes (upon request) |
| Bonus | $30 no-deposit + deposit bonuses | 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 Tier 1 licenses, ensuring strong safety for client funds.
XM's regulatory licenses (9 worldwide):
- CySEC (Cyprus) — License #120/10
- ASIC (Australia) — License #443670
- DFSA (Dubai, DIFC) — License #F003484
- FSCA (South Africa) — License #49976
- FSC (Belize) — Licence #8557558
- Plus FSA (Seychelles), FSC (Mauritius), SCA (UAE), CMA (Kenya)
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 | ASIC, CySEC | FCA, CySEC, ASIC |
| Middle East | DFSA (Dubai) | — |
| Africa | — | FSCA |
| Client Fund Segregation | Yes | Yes |
| Negative Balance Protection | Yes | Yes |
| Compensation Scheme | ICF (up to €20,000) | FSCS (FCA, up to £85,000) |
Verdict on regulation: Both are well-regulated. FxPro holds three Tier 1 licenses (FCA, CySEC, ASIC), while XM holds 9 licenses globally including ASIC, CySEC, and the uniquely valuable DFSA for Middle Eastern traders. Both exceed the threshold for safe retail trading.
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 | 1:1000 | 1:500 |
| Default leverage | 1:888 (adjustable) | 1:500 |
| 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 | Up to 1:250 | Up to 1:10 |
| Leverage on Indices | Up to 1:200 | Up to 1:200 |
Verdict on leverage: XM has a clear advantage with higher leverage across all asset classes, especially crypto CFDs where the difference is 25x (1:250 vs 1:10). FxPro's 1:500 is adequate for most forex strategies, but XM's 1:1000 offers more flexibility.
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 | $5 | 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)
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 | 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 — the XM App combines trading with streamlined account management, and Autochartist provides automated 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 a $30 no-deposit bonus to test live markets without an initial deposit, subject to terms
- Need full Arabic support — customer service, webinars, and education
- Want a personal account manager
- Prefer higher leverage flexibility (up to 1:1000)
- Want deposit bonuses (up to $5,000) to boost trading capital
- 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 the majority of retail forex traders — especially beginners and those in the Middle East — XM is the stronger overall choice. Its $5 minimum deposit, $30 no-deposit bonus, significantly lower all-in trading costs on the Ultra Low account ($6/lot vs FxPro Standard's $12/lot), comprehensive Arabic support, and strong DFSA regulation create a complete trading ecosystem that supports you at every stage. The bonus programs alone give XM a meaningful cost advantage for new traders.
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.
