Comparison of MTrading and XM
| Feature | MTrading | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2012 | 2009 |
| Broker Type | STP, ECN | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | SVGFSA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬈ High | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:1000 |
| Minimum Deposit | $10 | $5 |
| Base Currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit/Debit Cards, Skrill, Neteller, AwePay, ZotaPay, IndiaPay, Tether (USDT), Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | 50 USD/month after 12 months of inactivity | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | The Financial Commission Compensation Fund | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✖ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Stocks, Indices, Metals, Energies, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | MTrading Review | XM Review |
About MTrading
MTrading is a global CFD broker operating under ServiceComsvg LLC (SVG). It offers MT4 and a WebTrader, two live account types (M.Premium and M.Pro), leverage up to 1:1000, and raw-spread pricing on Pro with a fixed $4/lot commission. Client claims are covered by The Financial Commission’s Compensation Fund up to €20,000, with negative balance protection and segregated accounts in place.
Pros
- Leverage up to 1:1000 with dynamic scaling
- Financial Commission member with €20,000 compensation per claim
- Negative balance protection; segregated client funds
- Low minimum deposit ($10)
Cons
- Unregulated by top-tier authorities (SVG registration only)
- Restricted in the US, Canada, EU/EEA & several other jurisdictions
- Inactivity fee applies after a period of inactivity
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
MTrading & XM Regulation
| Feature | MTrading | XM |
|---|---|---|
Companies | ServiceComsvg LLC | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Saint Vincent and the Grenadines | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | SVGFSA | BFSC, CySEC, ASIC, DFSA |
Investor Protection | The Financial Commission Compensation Fund | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
MTrading
ServiceComsvg LLC
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
MTrading
Saint Vincent and the Grenadines
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
MTrading
SVGFSA
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
MTrading
The Financial Commission Compensation Fund
XM
Investor Compensation Fund (ICF)
Investor Protection Size
MTrading
€20 000
XM
€20 000
Publicly Traded
MTrading
XM
Segregated Accounts
MTrading
XM
Guaranteed Stop Loss
MTrading
XM
Negative Balance Protection
MTrading
XM
Account Types
| Account | MTrading | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
STP Account | ||
| Account Name | M.Premium | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 30% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | M.Pro | — |
| Min Deposit | $500 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0 | — |
| Fee | $8 per 1 lot | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 30% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | M.Cent | Micro |
| Min Deposit | $10 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:1000 | 1:1000 |
| Stop Out | 30% | 20% |
| Margin Call | 100% | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
MTrading
—
XM
Standard
Min Deposit
MTrading
—
XM
$5
Lot Size
MTrading
—
XM
0.01
Spread Type
MTrading
—
XM
Floating
Execution
MTrading
—
XM
Market
Min Spread
MTrading
—
XM
1.6
Fee
MTrading
—
XM
No
Max Leverage
MTrading
—
XM
1:1000
Stop Out
MTrading
—
XM
20%
Margin Call
MTrading
—
XM
50%
STP Account
Account Name
MTrading
M.Premium
XM
—
Min Deposit
MTrading
$100
XM
—
Lot Size
MTrading
0.01
XM
—
Spread Type
MTrading
Floating
XM
—
Execution
MTrading
Market
XM
—
Min Spread
MTrading
1
XM
—
Fee
MTrading
No
XM
—
Max Leverage
MTrading
1:1000
XM
—
Stop Out
MTrading
30%
XM
—
Margin Call
MTrading
100%
XM
—
ECN Account
Account Name
MTrading
M.Pro
XM
—
Min Deposit
MTrading
$500
XM
—
Lot Size
MTrading
0.01
XM
—
Spread Type
MTrading
Floating
XM
—
Execution
MTrading
Market
XM
—
Min Spread
MTrading
0
XM
—
Fee
MTrading
$8 per 1 lot
XM
—
Max Leverage
MTrading
1:1000
XM
—
Stop Out
MTrading
30%
XM
—
Margin Call
MTrading
100%
XM
—
Cent Account
Account Name
MTrading
M.Cent
XM
Micro
Min Deposit
MTrading
$10
XM
$5
Lot Size
MTrading
0.01
XM
0.01
Spread Type
MTrading
Floating
XM
Floating
Execution
MTrading
Market
XM
Market
Min Spread
MTrading
1
XM
1.6
Fee
MTrading
No
XM
No
Max Leverage
MTrading
1:1000
XM
1:1000
Stop Out
MTrading
30%
XM
20%
Margin Call
MTrading
100%
XM
50%
Additional Features
Demo Account
MTrading
XM
VIP Account
MTrading
XM
Swap-Free Account
MTrading
XM
Copy Trading
MTrading
XM
VPS
MTrading
XM
PAMM/MAM Accounts
MTrading
XM
Funding and Fees
| Feature | MTrading | XM |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards, Skrill, Neteller, AwePay, ZotaPay, IndiaPay, Tether (USDT), Bitcoin (BTC) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | 50 USD/month after 12 months of inactivity | $15 after 12 months |
Interest on margin | ||
Withdrawal fee |
Base currencies
MTrading
USD, EUR
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
MTrading
Bank Wire, Credit/Debit Cards, Skrill, Neteller, AwePay, ZotaPay, IndiaPay, Tether (USDT), Bitcoin (BTC)
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
MTrading
50 USD/month after 12 months of inactivity
XM
$15 after 12 months
Interest on margin
MTrading
XM
Withdrawal fee
MTrading
XM
Trading Platforms and Conditions
| Feature | MTrading | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | low |
Trading Platforms
MTrading
MetaTrader 4 (MT4)
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
MTrading
-
XM
0 ms
Scalping
MTrading
XM
Expert Advisors (EAs)
MTrading
XM
Depth of Market (DOM)
MTrading
XM
Spread
MTrading
high
XM
low
Trading Assets
| Asset | MTrading | XM |
|---|---|---|
Currencies | 38 | 55 |
Indices | 10 | 50 |
Stocks | 87 | 1307 |
Cryptocurrencies | 12 | 58 |
Bonds | 0 | 0 |
Metals | 5 | 3 |
Energies | 3 | 3 |
Soft Commodities | 0 | 8 |
ETFs | 9 | 0 |
Currencies
MTrading
38
XM
55
Indices
MTrading
10
XM
50
Stocks
MTrading
87
XM
1307
Cryptocurrencies
MTrading
12
XM
58
Bonds
MTrading
0
XM
0
Metals
MTrading
5
XM
3
Energies
MTrading
3
XM
3
Soft Commodities
MTrading
0
XM
8
ETFs
MTrading
9
XM
0
Education and Analytics
| Feature | MTrading | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
MTrading
XM
Indicators
MTrading
XM
Robots
MTrading
XM
Signals
MTrading
XM
Autochartist
MTrading
XM
Expert Analytics
MTrading
XM
News Feed
MTrading
XM
Education Articles
MTrading
XM
Webinars
MTrading
XM
Seminars
MTrading
XM
Bonuses
| Bonus | MTrading | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
| No Deposit Bonus | ||
| Is available | ||
| Size | $30 | — |
| Details | Learn More | — |
Contests
| Feature | MTrading | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Live Contests
Is available
MTrading
XM
Contests List
MTrading
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | MTrading | XM |
|---|---|---|
Email | support@mtrading.com | support@xm.com |
Phone | — | +5012236696 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — | |
TikTok | — | TikTok |
Email
MTrading
Phone
MTrading
—
Telegram
MTrading
XM
—
Twitter
MTrading
—
XM
TikTok
MTrading
—
XM
Which Broker is Better?
After comparing MTrading and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.