Written by ForexBrokers.com
In this head to head comparison of XM Group vs TopFX, 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 an online broker, understanding their regulatory background is crucial for ensuring security and peace of mind. XM Group, established in 2009, stands out with four highly respected Tier-1 licenses and a Trust Score of 88, classifying it as a trusted broker. Meanwhile, TopFX, founded in 2010, holds one Tier-1 license and has a Trust Score of 67, which places it in the high-risk category. Neither company is publicly traded or operates as a bank, which is a common status in the online brokerage industry.
XM Group's regulatory credentials suggest a higher level of trustworthiness compared to TopFX. With one additional Tier-2 license and a higher Trust Score, XM Group could be a more reliable choice for those looking to trade with confidence. While both brokers have established their presence in the industry over a decade, XM Group's regulatory achievements provide an edge in credibility and trust.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| 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 | 1 |
When it comes to commissions and fees, XM Group and TopFX both aim to offer competitive options for traders. XM Group is rated 4 stars for its fees, but the standard account spreads are relatively high, and it doesn't publish average spreads for its XM Zero account. Ranked #33 out of 62 by ForexBrokers.com in commissions and fees, XM Group has room for improvement, especially in transparency and cost for its commission-based account.
TopFX also earns a 4-star rating in this category. Offering two types of accounts, TopFX provides flexibility with its spread-only ZERO account and the commission-based RAW account. The RAW account charges a commission of 2.75 EUR per side (5.50 per round turn, standard lot). With an average spread of 0.33 pips on EUR/USD and a commission equivalent of 0.55 pips per round turn, the total cost lands around 0.88 pips—aligned with the industry average. On the other hand, the ZERO account is commission-free, but it does feature higher average spreads of 1.03 pips on EUR/USD. It's ranked #40 out of 62 by ForexBrokers.com.
While both brokers maintain a similar star rating for their commissions and fees, XM Group slightly edges out TopFX in the ranking. However, the ease of cTrader and MetaTrader account availability in TopFX can make it an attractive option depending on trading strategies. Each platform has its strengths, and traders may want to consider factors beyond just the fees and commissions when making their choice.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| Minimum Deposit | $5 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.6 | 1.03 |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| 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.
When comparing the range of investments between XM Group and TopFX, a few key differences are noteworthy. XM Group offers a total of 1,394 tradeable symbols, surpassing TopFX’s offering of 655 symbols. In terms of forex pairs, TopFX slightly edges out XM Group with 60 pairs compared to XM Group's 55 forex pairs. Both brokers provide forex trading as CFDs or spot contracts, and each supports copy trading, catering to traders interested in replicating the strategies of successful investors. However, neither offers the ability to purchase actual (delivered) cryptocurrencies, but both do provide cryptocurrency derivatives.
Significantly, XM Group offers exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase shares like Apple and Vodafone directly, a service not available with TopFX. Consequently, XM Group is rated 4.5 stars for its range of investments and ranks #23 out of 62 brokers as per ForexBrokers.com, reflecting its comprehensive offerings. On the other hand, TopFX is rated 3.5 stars and ranks #46, highlighting a more limited selection of investment options compared to XM Group.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 655 |
| Forex Pairs (Total) | 55 | 60 |
| 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 TopFX provide traders with a multitude of trading platforms and tools designed to enhance the user experience. For those looking to practice their trading skills without financial risk, both brokers offer a free virtual demo account. Although neither XM Group nor TopFX has an in-house developed proprietary platform, they both support a Windows-based desktop download and a web-based trading platform accessible through a browser. In terms of platform offerings, XM Group slightly edges out TopFX by supporting MetaTrader 5 (MT5) in addition to MetaTrader 4 (MT4), whereas TopFX only provides MT4. Moreover, both brokers facilitate copy trading but do not support third-party platforms like DupliTrade or ZuluTrade.
For traders seeking advanced charting options, both XM Group and TopFX offer 15 drawing tools, but details of technical indicators provided are not specified. Both also allow trading directly from a stock chart and support watch lists with seven customizable columns. Despite these similarities, XM Group slightly surpasses TopFX in rankings, standing at 30th place amongst 62 brokers for Trading Platforms and Tools, compared to TopFX’s 44th position. Nevertheless, they both receive a commendable rating of 4 stars in this category, indicating a satisfactory level of user experience and reliability.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
Both XM Group and TopFX offer commendable mobile trading apps for both iPhone and Android devices, allowing users to manage their investments conveniently on the go. Users with either app can receive stock or forex price alerts, draw trendlines on charts, and switch between multiple time frames to help with in-depth analysis. However, XM Group sets itself apart with the ability to sync watchlists between its mobile app and the online account, ensuring that any changes are updated across all platforms, while TopFX does not offer this feature.
Both XM Group and TopFX provide real-time quotes and offer 30 technical studies for comprehensive charting capabilities. However, TopFX has a slight edge when it comes to auto-saving drawings on charts, a feature XM Group lacks. Rated four out of five stars for their mobile trading platforms, XM Group is ranked higher at 27th while TopFX sits at 51st among 62 brokers as per ForexBrokers.com. Whether you prefer syncing capabilities or auto-saving features can influence your choice between these two well-rated brokers.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing XM Group and TopFX for market research offerings, XM Group stands out with features like daily market commentary and a high rating from ForexBrokers.com, where it ranks 8th out of 62 brokers. XM Group also provides forex news from reputable sources such as Bloomberg and Reuters, offers technical analysis tools from Trading Central, and includes a sentiment-based trading tool. Additionally, it features an economic calendar for tracking global news events. These features contribute to XM Group's impressive 5-star rating for research.
TopFX also offers forex news from top-tier sources and boasts tools from Trading Central and Autochartist, along with a sentiment-based trading tool similar to XM Group. It provides an economic calendar as well, ensuring traders have access to global financial updates. However, the absence of daily market commentary and lower overall rankings contribute to TopFX receiving a 3-star rating and a lower position, 59th, by ForexBrokers.com. Each broker has its strong points, but XM Group seems to deliver a more comprehensive research package for users seeking in-depth market insights.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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.
When it comes to educational resources for beginner traders, XM Group emerges as a standout choice compared to TopFX. XM Group offers an impressive array of over ten educational pieces that range from articles and videos to archived webinars, all focused on forex and CFDs. In addition, they hold monthly live webinars, which are easily accessible and archived for later viewing through a searchable database. Beginners can also benefit from at least ten tailored educational videos designed to demystify trading concepts, ensuring new traders get a solid footing in the trading world. This comprehensive approach is further enhanced by advanced educational videos for traders who wish to deepen their understanding, contributing to XM Group's top-tier 5-star educational rating.
On the other hand, TopFX falls short in providing similar resources for beginners. While both brokers lack an investor dictionary of investing terms, TopFX does not offer the extensive range of educational articles, videos, or the regular webinars that XM Group provides. Consequently, TopFX receives a lower 3-star rating for education. This disparity in educational offerings makes XM Group a more attractive option for new traders seeking a rich learning environment, as highlighted by XM Group's rank of #7 in education among 62 brokers, compared to TopFX's rank of #60. For beginners eager to dive into forex and CFDs with a wealth of knowledge, XM Group sets a strong precedent in trader education.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| 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 | No |
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 TopFX. XM Group finished with an overall rank of #17, while TopFX finished with an overall rank of #61.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
|
TopFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 88 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both XM Group and TopFX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
XM Group and TopFX both provide Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, but only TopFX supports PayPal, while neither offers ACH or SEPA transfers.
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 | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 67 | |
| Winner | check_circle | ||
| Review | XM Group Review | TopFX Review |
| Broker Screenshots | XM Group | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Trust Score | 88 | 67 | |
| Year Founded | 2009 | 2010 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 655 | |
| Forex Pairs (Total) | 55 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | TopFX | |
|---|---|---|---|
| Minimum Deposit | $5 | Depends on payment method | |
| 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 | No |
| Trading Platforms | XM Group | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | TopFX | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | XM Group | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | XM Group | TopFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 67 | |
| Winner | check_circle | ||
| Review | XM Group Review | TopFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill