Written by ForexBrokers.com
In this head to head comparison of XM Group vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Founded in 2009, XM Group and the earlier-established Spreadex, which started in 1999, both operate as online brokers but are not publicly traded nor banks. When it comes to safety and trustworthiness, XM Group holds a higher standing with its four Tier-1 licenses, which are highly trusted according to ForexBrokers.com, compared to Spreadex's single Tier-1 license. Additionally, XM Group has one Tier-2 license, while Spreadex holds none, indicating a stronger position for XM Group in terms of trust.
Reflecting their license holdings, XM Group boasts a higher Trust Score of 88 out of 99, placing it in the 'trusted' category. In contrast, Spreadex has a Trust Score of 71 out of 99, which is a bit lower, indicating an average risk level. While neither broker lacks credibility, XM Group appears to offer a more secure reputation among traders seeking reliability and regulatory compliance.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of XM Group and Spreadex, both brokers receive a 4-star rating for their cost structures. However, the differences in their approach to fees are notable. XM Group is ranked 33rd out of 62 brokers in this category by ForexBrokers.com. They are known for having expensive spreads on their standard account, and they do not disclose the average spreads for their XM Zero account, which is based on commissions. This lack of transparency might make it more challenging for traders to estimate their trading costs accurately.
In contrast, Spreadex also holds a 4-star rating and ranks slightly higher at 30th out of 62 brokers. Their trading costs are more transparent, especially for forex trading pairs like EUR/USD. In January 2024, Spreadex reported an average spread of 0.81 pips for the EUR/USD pair, with a minimum spread of 0.6 pips achieved 60% of the time. Such clarity allows traders to have a better expectation of costs during their trades.
Overall, both XM Group and Spreadex offer competitive fees, but Spreadex provides more detailed insights into their spread data, potentially offering better predictability for traders concerned about fees. This distinction in transparency may help traders decide which broker aligns better with their cost management strategies.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $5 | $0 |
| Average Spread EUR/USD - Standard | 1.6 | 0.81 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| 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.
When it comes to the range of available investments, both XM Group and Spreadex offer appealing options for traders, each with its own set of strengths. XM Group provides a substantial 1,394 tradeable symbols, including 55 forex pairs, and extends the opportunity to trade exchange-traded securities on both U.S. and international exchanges. This makes it possible for clients to purchase stocks like Apple and Vodafone directly. Furthermore, XM Group supports copy trading, offering even more flexibility for its users. However, they lack the option to buy actual cryptocurrency, only offering cryptocurrency derivatives. Rated 4.5 out of 5 stars for its range of investments, XM Group holds the #23 rank among 62 brokers according to ForexBrokers.com.
Spreadex, on the other hand, comes with the impressive advantage of offering 10,000 tradeable symbols, surpassing XM Group in this regard. It presents 52 tradeable forex pairs and supports trading in cryptocurrency derivatives, though like XM Group, it does not offer the option to buy cryptocurrency outright. A notable drawback is the absence of exchange-traded securities for U.S. and international stocks, as well as the lack of copy trading features. Despite these limitations, Spreadex has received a 5-star rating for its range of investments and is ranked #13 in the same category by ForexBrokers.com, reflecting its strength in offering a wider selection of tradeable symbols.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 comparing the trading platforms and tools offered by XM Group and Spreadex, traders will notice a few key differences. XM Group provides a free virtual demo account for simulated trading, which is a beneficial feature for beginners seeking practice without financial risk. Unfortunately, Spreadex does not offer this type of account. While XM Group utilizes familiar platforms such as MetaTrader 4 and 5, Spreadex offers an in-house developed platform but does not support MetaTrader. For Windows-based desktop platforms, XM Group comes out on top with a downloadable version, whereas Spreadex relies solely on its web-based platform.
In terms of additional features, XM Group supports copy trading, giving traders the ability to follow and mimic successful strategies, a service not offered by Spreadex. Both brokers allow trading directly from stock charts, bringing convenience to the trading experience. However, in charting capabilities, XM Group offers slightly more drawing tools with 15 compared to Spreadex's 11. Despite these differences, both brokers share the same rating of four stars out of five for their trading platforms and tools. However, XM Group is ranked higher, coming in at #30 by ForexBrokers.com, whereas Spreadex ranks at #46 out of 62 brokers, suggesting a more favorable reception among users.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 55 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both XM Group and Spreadex provide apps for iPhone and Android users, equipping traders with convenient access to markets on the go. Each app supports stock or forex price alerts and the ability to draw trendlines on charts, ensuring users can easily stay informed about key market movements. However, a key difference arises in the feature of watchlist symbol syncing. XM Group offers seamless syncing between its mobile app and online account, allowing users to maintain consistency across platforms with ease, while Spreadex lacks this function. Both brokers support viewing multiple time frames on charts and offer real-time quotes on watchlists, though neither saves chart drawings automatically.
In terms of additional features, XM Group stands out by providing 30 technical studies for its charting capabilities, which Spreadex does not offer. Despite these differences, both brokers receive a four-star rating for their mobile trading apps. However, user rankings from ForexBrokers.com reveal XM Group to be more favorable, ranking 27th amongst 62 brokers, whereas Spreadex is placed at 49th. These rankings suggest that XM Group may offer a slightly more comprehensive mobile trading experience for those looking for robust charting tools and smooth cross-platform functionality.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| 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 diving into market research offerings, both XM Group and Spreadex ensure traders stay informed with daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They both provide key resources such as an economic calendar and sentiment-based trading tools, showing the ratio of long or short positions across various instruments. However, where they diverge is in their technical analysis solutions. XM Group collaborates with Trading Central to give access to Technical Analytics, offering more depth in research compared to Spreadex, which lacks this feature.
Despite both brokers not incorporating tools from Autochartist, TipRanks, or Acuity Trading, XM Group excels, receiving a 5-star research rating. It is ranked 8th out of 62 brokers in the Research category according to ForexBrokers.com. Meanwhile, Spreadex receives a commendable 4-star rating, standing at 31st place. This highlights XM Group's dedication to enhancing research capacity, providing traders with extensive tools for making informed investment choices.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| 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 | 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 provided by XM Group and Spreadex, each online broker offers unique advantages to beginners. XM Group excels with its array of learning tools, including over ten educational pieces such as articles and videos focused on forex and CFDs. They also host at least one live client webinar each month and keep a searchable archive of previous webinars. XM Group provides a comprehensive collection of beginner-friendly videos, ensuring newcomers have access to vital trading topics. Additionally, there are advanced-level videos available to cater to experienced traders who seek deeper insights.
In contrast, while Spreadex matches XM Group in offering a variety of educational articles and videos for beginners, they lack certain interactive elements like monthly webinars and an archive of recorded sessions. However, they make up for this with a robust investor dictionary that includes definitions of more than 50 investing terms, which can be a valuable resource for those who prefer learning through textual resources. Rating-wise, XM Group scores 5 stars for educational offerings and is ranked 7th out of 62 brokers by ForexBrokers.com, indicating a strong positioning. Meanwhile, Spreadex garners a 4-star rating and stands at 45th in the same ranking, suggesting there's room for growth in their educational offerings for beginners.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 Spreadex. XM Group finished with an overall rank of #17, while Spreadex finished with an overall rank of #39.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 71 |
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Both XM Group and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to buy cryptocurrency derivatives.
When comparing online brokers XM Group and Spreadex, neither offers ACH or SEPA transfers nor PayPal for deposits or withdrawals, but XM Group accepts Skrill whereas Spreadex does not, and both brokers support Visa or Mastercard along with bank wire transactions.
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 | Spreadex | |
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| Trust Score | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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| Regulation | XM Group | Spreadex | |
|---|---|---|---|
| Trust Score | 88 | 71 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | XM Group | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $5 | $0 | |
| 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 | No |
| Trading Platforms | XM Group | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | XM Group | Spreadex | |
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| Trust Score | 88 | 71 | |
| Winner | check_circle | ||
| Review | XM Group Review | Spreadex Review |
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