Written by ForexBrokers.com
In this head to head comparison of XM Group vs FXGT.com, 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.
XM Group and FXGT.com are both established online brokers, serving traders with a diverse range of offerings. Founded in 2009, XM Group has built its reputation with four Tier-1 licenses and one Tier-2 license, categorizing it as a trusted broker as per ForexBrokers.com. It boasts a Trust Score of 88, indicating a high level of confidence among its user base. However, XM Group is not publicly traded and does not operate as a bank, which is shared with FXGT.com, a broker that entered the market more recently in 2019.
FXGT.com holds one Tier-1 license and one Tier-2 license, with a ForexBrokers.com Trust Score of 69, placing it in the high-risk category. Despite both brokers not being publicly traded or banks, XM Group appears more established in regulatory standings against FXGT.com. Traders prioritizing regulatory oversight might lean towards XM Group due to its higher Trust Score and multiple Tier-1 licenses, reflecting broader and deeper regulatory oversight.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the online brokers XM Group and FXGT.com, their commissions and fees present some noteworthy differences. XM Group is known for its standard account which has relatively expensive spreads. However, while average spreads aren't disclosed for its commission-based XM Zero account, XM Group's pricing can still attract some traders. Overall, the broker enjoys a favorable rating of 4 stars for its commission and fee structure and holds the 33rd rank out of 62 brokers as evaluated by ForexBrokers.com.
On the other hand, FXGT.com does not provide data on average spreads, which might be a concern for traders who prioritize transparency in their trading costs. This lack of information might contribute to its somewhat less favorable rating of 3.5 stars. Despite the absence of average spread data, FXGT.com ranks at #55 among 62 brokers in the commissions and fees category by ForexBrokers.com, indicating room for improvement when compared to competitors.
In summary, XM Group might appeal more to traders willing to navigate its pricing for potential benefits, while FXGT.com could improve its appeal by offering more transparency on trading costs. Both brokers have their strengths, yet traders should carefully consider these aspects alongside their own trading strategies and preferences to make the best choice.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $5 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and FXGT.com both provide forex trading through CFDs, but the breadth of their investment options differ significantly. XM Group offers an expansive selection of 1,394 tradeable symbols, which is significantly higher than FXGT.com's 117. In terms of forex pairs, XM Group presents 55 options compared to FXGT.com's 53. XM Group also allows clients to invest in exchange-traded securities from both U.S. and international exchanges, giving investors the ability to purchase shares like Apple and Vodafone directly. In contrast, FXGT.com does not offer these opportunities for direct stock investments.
Both XM Group and FXGT.com support copy trading and allow trading in cryptocurrency derivatives, though they do not offer the option to purchase actual cryptocurrencies. When evaluated for their range of investments, XM Group receives an impressive 4.5-star rating, placing them at the 23rd position out of 62 brokers according to ForexBrokers.com. FXGT.com, on the other hand, has a 3-star rating and is ranked 60th, indicating a more limited array of investment options available to traders. Overall, XM Group provides a more diverse selection for investors looking for varied trading opportunities.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 117 |
| Forex Pairs (Total) | 55 | 53 |
| 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). | 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.
Both XM Group and FXGT.com provide a variety of platforms and tools designed to enhance the trading experience for users of all levels. They each offer simulated or paper trading through free virtual demo accounts, allowing traders to practice without financial risk. Neither broker offers a proprietary trading platform; however, both deliver popular services like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring robust functionality and extensive third-party support. They also support trading directly from stock charts and have integrated copy trading features. Although they do not offer DupliTrade or ZuluTrade, these basic offerings cover the essential needs for most traders.
When examining charting tools, both brokers offer a range of drawing tools but differ in quantity; XM Group provides 15 drawing tools, while FXGT.com offers 23. XM Group also leads slightly in organizing market insights, offering seven columns for watch lists compared to FXGT.com's five. Despite these nuances, both platforms are highly rated with 4-star reviews for their trading platforms and tools. When ranked among 62 brokers by ForexBrokers.com, XM Group holds the 30th spot, while FXGT.com ranks at 56th, indicating XM Group’s tools may cater slightly better to a broader range of trading styles.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of XM Group and FXGT.com, both platforms offer apps for iPhone and Android devices, providing accessibility no matter your preferred smartphone. They also both provide stock and forex price alerts, helping traders stay informed. Users will find that both apps support watchlist syncing, allowing their lists to synchronize across devices after any updates. Both platforms also offer 30 technical studies for chart analysis and allow drawing trendlines on charts, which can be crucial for tracking market movements. Additionally, they enable viewing multiple time frames such as daily, weekly, or intraday, offering flexibility for different trading strategies. However, a key difference is that XM Group's app does not automatically save chart drawings, whereas FXGT.com's app does.
Both XM Group and FXGT.com allow users to create watchlists with real-time quotes, ensuring that traders have the latest information at their fingertips. When it comes to ratings, XM Group's mobile app scores slightly higher with 4 stars, compared to FXGT.com's 3.5 stars. This difference in user satisfaction is also reflected in their rankings by ForexBrokers.com, where XM Group holds the 27th position out of 62 brokers, while FXGT.com is further down the list at 58th place. These factors might influence your decision if you're considering ease of use and overall app performance.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group outshines FXGT.com when it comes to market research offerings, providing daily market commentary and forex news from illustrious sources like Bloomberg and Reuters. While both brokers do not integrate Autochartist's research tools, XM Group has an edge with access to Trading Central's technical analysis tools. Additionally, both XM Group and FXGT.com feature sentiment-based trading tools and offer economic calendars for tracking global news events, but XM Group is better equipped with a higher-tier market research experience.
Ranked #8 out of 62 brokers by ForexBrokers.com for research, XM Group earned a stellar 5-star rating, thanks to its comprehensive market insights and resources. In contrast, FXGT.com received a 3-star rating and is ranked #56, indicating room for improvement in its market research capabilities. Overall, XM Group offers traders a more resourceful and informative trading environment compared to FXGT.com.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners from XM Group and FXGT.com, it's clear that XM Group offers a comprehensive learning experience. XM Group provides a wealth of educational content, including more than ten educational pieces focused on forex and CFDs, while FXGT.com falls short of this benchmark. Additionally, XM Group hosts monthly online educational webinars and offers a searchable archive of recorded sessions, which FXGT.com currently does not provide. For beginners, XM Group delivers over ten educational videos tailored specifically to new traders, a feature that's absent on FXGT.com. Advanced traders can also benefit from XM Group's selection of advanced trading videos.
Though FXGT.com boasts an investor dictionary with definitions of over 50 investing terms, it doesn't quite match the overall educational offering of XM Group. As a result, XM Group receives a stellar 5-star rating for its educational resources, while FXGT.com earns a 3-star rating. In a broader industry comparison, XM Group is ranked 7th out of 62 brokers in the Education category according to ForexBrokers.com, showcasing its commitment to trader education. Meanwhile, FXGT.com is placed near the bottom of the list, at 59th, highlighting the difference in focus on educational support between the two brokers.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. XM Group finished with an overall rank of #17, while FXGT.com finished with an overall rank of #58.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 69 |
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Both XM Group and FXGT.com do not offer the ability to buy actual, delivered cryptocurrency; however, they both provide options to trade cryptocurrency derivatives.
XM Group lacks ACH and SEPA transfer options but supports Skrill, Visa, Mastercard, and bank wires, whereas FXGT.com provides ACH and SEPA transfers, Visa, Mastercard, and bank wires, without offering Skrill or PayPal at either platform.
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 | FXGT.com | |
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| Trust Score | 88 | 69 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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| Regulation | XM Group | FXGT.com | |
|---|---|---|---|
| Trust Score | 88 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 117 | |
| Forex Pairs (Total) | 55 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $5 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | XM Group | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 88 | 69 | |
| Winner | check_circle | ||
| Review | XM Group Review |
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