Written by ForexBrokers.com
In this head to head comparison of XM Group vs FxPro, 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.
Founded in 2009, XM Group and the 2006-established FxPro stand as respected players in the online brokerage landscape. XM Group holds an impressive four Tier-1 licenses, alongside one Tier-2 license. However, it is not publicly traded and does not function as a bank. With a Trust Score of 88 from ForexBrokers.com, XM Group is classified as trusted, reflecting confidence in its operations despite not being the top-rated broker in this comparison.
On the other hand, FxPro, established in 2006, is unique as it operates both as a brokerage and a bank, which offers an added layer of security for clients. While also not publicly traded, FxPro holds two Tier-1 and one Tier-2 licenses, earning a higher Trust Score of 93. This positions FxPro in a more favorable light, suggesting a strong level of trustworthiness and reliability in the eyes of ForexBrokers.com.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Year Founded | 2009 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of XM Group and FxPro, both brokers receive a 4-star rating, indicating they are well-regarded in this area. However, XM Group is ranked #33 among 62 brokers, while FxPro slightly edges ahead at #32. XM Group's Standard account spreads are considered expensive, and it doesn’t publish average spreads for its commission-based XM Zero account, potentially limiting transparency for traders seeking detailed pricing information.
On the other hand, FxPro's pricing stands out as higher than the industry average. This may pose a challenge for the broker when compared to other top players like Pepperstone and IC Markets, which also offer the full MetaTrader and cTrader platforms. FxPro provides variable and fixed spreads on its MT4 offering, with the variable spreads offering two execution options: instant, which may result in requotes, and market, which can experience slippage but operates without requotes.
Particularly on FxPro’s cTrader platform, traders can benefit from competitive spreads featuring commission-based pricing. For example, the effective spread for the EUR/USD pair on this platform is approximately 1.27 pips, combining an average spread of 0.37 pips and a 0.9 pip commission-equivalent. While FxPro's floating-rate model offers a EUR/USD spread of 1.58 pips on MT4 and 1.51 pips on MT5, it's noteworthy that there is no fixed-spread option on MT5, with only market execution being available.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.51 |
| All-in Cost EUR/USD - Active | 0.8 | 1.27 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the world of online trading, XM Group and FxPro stand as prominent platforms, each offering a wealth of investment opportunities. XM Group, boasting a selection of 1,394 tradable symbols, provides investors with diverse options including 55 forex pairs. What distinguishes XM Group is the availability of both U.S. and international exchange-traded securities, allowing clients to purchase company shares like Apple and Vodafone. This flexibility, along with the provision for forex as a CFD or spot contract, appeals to a wide range of investors. Furthermore, XM Group supports copy trading and cryptocurrency derivatives, positioning it as a favored choice with a 4.5-star rating in the Range of Investments category, where it ranks 23rd out of 62 brokers.
FxPro, on the other hand, offers an impressive total of 2,249 tradable symbols, including 70 forex pairs, making it a strong competitor in the forex market. While FxPro does not provide access to U.S. exchange-traded securities, its offerings in international exchanges and forex as a CFD or spot contract make it a solid choice for global investors. Additionally, FxPro supports both copy trading and cryptocurrency derivatives. Earning a 4-star rating and ranking 28th in the Range of Investments category, FxPro presents a comprehensive trading experience that caters to diverse investment preferences.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 2249 |
| Forex Pairs (Total) | 55 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
When it comes to trading platforms and tools, both XM Group and FxPro offer a variety of features aimed at enhancing the trading experience. Both brokers provide free virtual demo accounts, making them ideal for new traders who wish to practice before committing real funds. On the platform side, XM Group relies on popular third-party offerings like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while FxPro distinguishes itself with a proprietary platform developed in-house, in addition to supporting MT4 and MT5. Both brokers offer web-based and Windows-based desktop platforms, and they allow direct trading from stock charts, catering to diverse trading preferences.
While XM Group and FxPro both support features like copy trading, neither offers DupliTrade or ZuluTrade. However, when it comes to charting tools, FxPro has a slight edge with 25 drawing tools compared to XM Group's 15. XM Group offers seven fields for watch lists, one more than FxPro's six. Despite these differences, they both receive a similar rating of 4 stars for their trading platforms and tools. However, according to ForexBrokers.com, FxPro ranks higher at #18 out of 62 brokers, while XM Group is ranked at #31. This rank difference might guide traders who prioritize advanced proprietary features when choosing between these two brokers.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 53 |
| Charting - Drawing Tools (Total) | 15 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XM Group and FxPro offer iPhone and Android apps that cater to the mobile trading needs of forex and stock traders. These apps provide essential features such as price alerts and watchlist symbol syncing, ensuring a seamless trading experience across devices. Users can make changes on either platform and enjoy synchronized updates. When it comes to charting tools, XM Group offers 30 technical studies, while FxPro provides a more extensive selection with 65 studies, allowing for more detailed analysis. Both platforms support trendline drawing and multiple time frame viewing, but FxPro takes a step further with the ability to auto-save chart drawings, enhancing the user experience.
In terms of watchlist management, both apps allow traders to create watchlists with real-time quotes, providing up-to-the-minute market information. Looking at user satisfaction, XM Group earns a solid 4-star rating, while FxPro edges out slightly ahead with a 4.5-star rating for their mobile trading app. According to ForexBrokers.com, in the Mobile Trading Apps category, XM Group holds the 29th position out of 62 brokers, whereas FxPro is ranked higher at 15th. These rankings reflect the slight advantages FxPro holds in terms of features and user satisfaction, making it a preferred choice for some traders seeking enhanced functionality in a mobile trading platform.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| 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.
When it comes to market research offerings, both XM Group and FxPro provide valuable insights that cater to traders' needs. Each broker delivers daily market commentary and keeps traders informed with forex news from credible sources like Bloomberg and Reuters. They both incorporate Trading Central tools for technical analysis, and offer sentiment-based trading tools that reveal long or short position ratios across various instruments. Additionally, both XM Group and FxPro supply comprehensive economic calendars to keep traders updated on global news events. However, neither broker currently provides resources from Autochartist or TipRanks, nor do they incorporate research tools from Acuity Trading.
In terms of ratings, XM Group stands out with a five-star research rating, compared to FxPro which holds a four-star rating. This distinction is further underscored by ForexBrokers.com, which ranks XM Group at #8 amongst 62 brokers for research, whereas FxPro comes in at #27. This suggests that while both brokers offer substantial tools to support trading decisions, XM Group may offer a slightly more comprehensive suite of research services, cementing its higher ranking in the industry.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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.
XM Group and FxPro both provide over 10 educational resources focused on forex and CFDs, making them competitive choices for beginners seeking knowledge. However, XM Group leads when it comes to interactive learning experiences, offering monthly online webinars which are a valuable resource for those who prefer live learning sessions. FxPro lacks this feature but matches XM Group by providing a searchable archive of past webinars, ensuring accessibility to information on demand.
In terms of video content, both brokers offer over 10 beginner-friendly videos, but XM Group further distinguishes itself by providing advanced videos tailored for more experienced traders. While FxPro compensates with an investor dictionary containing over 50 trading definitions, this does not outweigh XM Group's comprehensive video resources. Consequently, XM Group is rated higher, securing a 5-star rating for education and a ranking of #7 among 62 brokers, compared to FxPro's 4-star rating and #17 ranking.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro. XM Group finished with an overall rank of #17, while FxPro finished with an overall rank of #21.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
FxPro
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 88 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both XM Group and FxPro do not provide the service of purchasing actual delivered cryptocurrencies, but they do offer the option to trade cryptocurrency derivatives.
When comparing online brokers XM Group and FxPro, it's important to note that XM Group does not support ACH, SEPA transfers, or PayPal for fund transactions, while FxPro offers all these options; both brokers, however, provide Skrill, Visa, Mastercard, and bank wire services for deposits and withdrawals.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XM Group | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
| Broker Screenshots | XM Group | FxPro | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | XM Group | FxPro | |
|---|---|---|---|
| Trust Score | 88 | 93 | |
| Year Founded | 2009 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 2249 | |
| Forex Pairs (Total) | 55 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.8 | 1.27 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | FxPro | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | XM Group | FxPro | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 53 | |
| Charting - Drawing Tools (Total) | 15 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | FxPro | |
|---|---|---|---|
| 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 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | FxPro | |
|---|---|---|---|
| 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 | FxPro Review |
| Overall | XM Group | FxPro | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 93 | |
| Winner | check_circle | ||
| Review | XM Group Review | FxPro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill