Written by ForexBrokers.com
In this head to head comparison of XM Group vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When choosing between online brokers, it's important to consider their trustworthiness and regulatory standing. XM Group, founded in 2009, holds four Tier-1 licenses, making it highly regarded in terms of regulatory safety. It has an impressive Trust Score of 88 out of 99 from ForexBrokers.com, placing it in the "trusted" category. Although it is neither publicly traded nor a bank, XM Group’s possession of a Tier-2 license further adds to its credibility in the trading community.
On the other hand, FXOpen, established in 2003, holds two Tier-1 licenses and no Tier-2 licenses, which positions it as "average risk" with a Trust Score of 76. Like XM Group, FXOpen is not a publicly traded company or a bank. Both brokers offer distinct advantages depending on what you're looking for, but if regulatory trustworthiness is a top priority, XM Group's higher number of Tier-1 licenses and Trust Score might make it a more attractive choice.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, XM Group offers a variety of account options, but it is important to note that the standard account spreads can be on the expensive side. For those interested in the XM Zero account, specific average spread data isn't published, which may lead to some uncertainty for traders when calculating costs. Overall, XM Group earns a solid 4-star rating for its commissions and fees. According to ForexBrokers.com, it holds the 33rd spot out of 62 brokers in this category, making it a competitive choice for those concerned with trading costs.
Comparatively, FXOpen also withholds specific average spread data, which can make evaluating potential trading expenses challenging for users. Despite this limitation, FXOpen matches XM Group by also receiving a 4-star rating for commissions and fees. However, it ranks slightly lower, in 45th place among 62 brokers as per ForexBrokers.com, making it a decent option but potentially less attractive for cost-sensitive traders seeking more transparency.
In summary, both XM Group and FXOpen hold equal star ratings in terms of commissions and fees, reflecting a moderate level of customer satisfaction in this area. XM Group, however, is positioned higher in rankings, possibly indicating better overall value or service offerings within the structures of their fee and commission plans, despite some ambiguity in spread transparency.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and FXOpen are both known for offering forex trading as CFDs or spot contracts, but there are significant differences in the range of investments they provide. XM Group excels with an impressive 1394 tradeable symbols, compared to FXOpen's more modest 87. When it comes to forex pairs, XM Group again outshines FXOpen with 55 pairs on offer versus FXOpen’s 25. Furthermore, XM Group provides access to both U.S. and international exchange-traded securities, allowing investors to buy shares of companies like Apple and Vodafone. In contrast, FXOpen does not offer such securities, limiting investors to trading through CFDs.
Both brokers support copy trading, making them appealing to investors interested in mirroring the strategies of experienced traders. However, neither XM Group nor FXOpen currently provides the option to purchase actual, delivered cryptocurrencies, although they do offer cryptocurrency derivatives. This disparity in investment options is reflected in their ratings and rankings; XM Group enjoys a higher rating of 4.5 stars for its range of investments and is ranked 23rd by ForexBrokers.com, whereas FXOpen holds a rating of just 3 stars and is ranked 61st. Overall, XM Group offers a broader array of investment possibilities, catering to diverse trading preferences.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 87 |
| Forex Pairs (Total) | 55 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing XM Group and FXOpen, both brokers offer similar features that can cater well to a wide range of traders. They both provide simulated trading through free virtual demo accounts, making them ideal for beginners wanting to try out strategies without financial risk. Neither broker has developed its own proprietary trading platform; instead, they both support popular third-party options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for their Windows-based desktop downloads. In addition, they each offer web-based platforms accessible through any browser, a feature that offers traders flexibility and convenience. Both brokers equally allow users to engage in copy trading, although only FXOpen supports ZuluTrade for this activity. Moreover, they offer similar charting tools: each has 15 drawing tools and the ability to trade directly from a chart, with XM Group and FXOpen providing seven columns for watch lists.
In terms of ratings and rankings, XM Group and FXOpen are both given four stars for trading platforms and tools by ForexBrokers.com. However, XM Group is ranked higher at #31 out of 62 brokers compared to FXOpen's ranking of #53. Both brokers have strong offerings, but XM Group seems to have a slight edge in terms of its standing. While the precise number of technical indicators wasn't provided for charting, the available features and functionalities in terms of platform usability and flexibility are well-matched between the two, allowing traders to choose based on personal preferences or specific tool availability like ZuluTrade.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and FXOpen both offer convenient mobile trading apps available for iPhone and Android users. They provide features such as stock and forex price alerts and the ability to create watchlists with real-time quotes, ensuring that traders stay connected wherever they are. While both apps support drawing trendlines and provide access to multiple time frames on charts, they do not offer the option for automatic saving of drawings. With 30 technical studies each, users can benefit from extensive charting capabilities. However, it is notable that XM Group allows users to sync watchlist symbols with their online account, a feature FXOpen lacks.
In terms of overall app performance, both XM Group and FXOpen are rated 4 out of 5 stars for their mobile trading apps. That said, XM Group holds a higher rank in the Mobile Trading Apps category, securing the 29th spot out of 62 brokers, according to ForexBrokers.com. FXOpen, on the other hand, is positioned at 54th. For traders seeking seamless watchlist syncing alongside reliable mobile trading options, XM Group might stand out as a preferable choice.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group to FXOpen, both offer daily market commentary and access to forex news from top sources like Bloomberg and Reuters. However, XM Group stands out by providing tools from Trading Central, including Technical Analytics, and sentiment-based trading tools that reveal the ratio of long or short positions across various instruments. FXOpen does not offer these Trading Central tools or sentiment indicators, which could limit traders looking for advanced market insights. Additionally, both brokers provide an economic calendar to keep traders informed about global economic events.
XM Group receives a higher rating for their research offerings, earning 5 out of 5 stars, whereas FXOpen is rated at 3 stars. This disparity is reflected in their rankings by ForexBrokers.com, where XM Group is positioned at #8 out of 62 brokers for research capabilities, while FXOpen comes in at #62. With more comprehensive research tools and better rankings, XM Group may appeal to those who prioritize detailed market analysis in their trading strategy.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When considering educational resources for beginners in the realm of online trading, XM Group clearly stands out compared to FXOpen. XM Group offers an extensive collection of over ten educational pieces, including articles and videos that focus on forex and CFDs, ensuring a solid introduction for newcomers. Additionally, they host regular monthly webinars and maintain a searchable archive of these sessions, providing ongoing learning opportunities. Their educational video library caters to both novices and seasoned traders, with ten videos specifically tailored for beginners and another set aimed at the more advanced community.
On the other hand, while FXOpen has an investor dictionary with over 50 defined investment terms, they lack the comprehensive educational materials found with XM Group. FXOpen does not offer the same level of engagement through webinars or a searchable archive of past sessions, nor do they provide an extensive array of educational videos. Reflecting this, XM Group garners a 5-star rating for education and secures the 7th spot out of 62 brokers for educational offerings according to ForexBrokers.com, while FXOpen receives a 3-star rating and ranks 58th. XM Group emerges as a more resourceful choice for those beginning their trading journey.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XM Group is better than FXOpen. XM Group finished with an overall rank of #17, while FXOpen finished with an overall rank of #54.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 76 |
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Both XM Group and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Both XM Group and FXOpen offer Skrill, Visa or Mastercard, and bank wires as options for depositing or withdrawing account funds, but neither broker supports ACH, SEPA transfers, or PayPal as available transaction methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | XM Group | FXOpen | |
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| Trust Score | 88 | 76 | |
| Winner | check_circle | ||
| Review | XM Group Review |
| Broker Screenshots | XM Group | FXOpen | |
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| Regulation | XM Group | FXOpen | |
|---|---|---|---|
| Trust Score | 88 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XM Group | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 87 | |
| Forex Pairs (Total) | 55 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | XM Group | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | XM Group | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | XM Group Review |
| Overall | XM Group | FXOpen | |
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| Trust Score | 88 | 76 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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