ETFinance vs XM Group Broker Comparison

Home » ETFinance vs XM Group Broker Comparison

Are you trying to figure out which is a better broker, ETFinance or XM Group? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that XM Group is the better of the two. XM Group offers 1,388 instruments, licenses from FCA, CySec, ASIC, IFSC, and fair trading fees.

In the tables below, you can compare the features of ETFinance and XM Group side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked XM Group higher than ETFinance.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
ETFinanceXM@3x
OPEN ACCOUNTReviewReview
RATING93/10094/100
MIN. DEPOSIT250$5$
REGULATED BYeuropeuk europe australia belize
BONUSNo Information$25 Non-Deposit Bonus**
MIN. SPREAD2.21
MAX. LEVERAGE1:5001:888
CURRENCY PAIRS5057
TRADING INSTRUMENTS7501,388
TRADING PLATFORMSMT4, MobileMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, MasterCard, SkrillBank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
TYPE OF BROKERSMarket MakerMarket Maker
CUSTOMER SUPPORTN/A24/5
LANGUAGE SUPPORT722
ESTABLISHED2016, HQ in Cyprus2009, HQ in Limassol
USED BY100,000+ Traders100,000+ Traders

Does ETFinance or XM Group have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive ETFinance and XM Group are, we first considered the common fees on Standard Accounts. At ETFinance the average spread for the EUR/USD currency pair is 2.2 pips, whilst at XM Group the spread is 1.

This shows that XM Group is the better option for low-cost forex trading.

When it comes to non-trading fees, ETFinance charges for inactivity. XM Group charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that XM Group is the better option.

Trading Fees*

TYPE OF FEEETFINANCEXM GROUP
Minimum Spread EURUSD (pips)2.21
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEETFINANCEXM GROUP
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesNN

Which broker is safer, ETFinance or XM Group?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

ETFinance is regulated by CySec and offers client protection. XM Group is regulated by FCA, CySec, ASIC, IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that XM Group is the safer broker.

Broker summary

ETFINANCEXM GROUP
Minimum Deposit (USD $)2505
LicensesCySecFCA, CySec, ASIC, IFSC
Max. Leverage1:5001:888
Client ProtectionYY
Broker TypeMarket MakerMarket Maker
Number of Instruments7501,388
Currency Pairs5057
Stocks1501184
Cryptocurrencies330
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, SkrillBank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at ETFinance and XM Group?

ETFinance provides traders with 750 instruments. This includes 50 currency pairs, 33 cryptocurrencies, and 150 stocks and shares. With ETFinance, you can also trade CFDs.

In comparison, XM Group boasts 1,388 tradable instruments. XM Group offers 57 currency pairs, 0 cryptocurrencies, and 1184 stocks and shares. XM Group also allows CFD trading.

As XM Group has 1,388 and ETFinance has 750, a difference of 749, this shows that XM Group offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTETFINANCEXM GROUP
Currency Pairs5057
Commodities5013
Precious Metals54
Indices2030
Stocks and Shares1501184
Cryptocurrencies330
Options170
ETFs11

Which broker offers the best trading platform, ETFinance or XM Group?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

ETFinance provides you with the ability to trade via 2 trading platforms, and XM Group has 3 trading platforms. Both brokers also offer research and trading tools, however XM Group has more.

Overall, our experts agree that XM Group boasts the better trading platform offering.

Research Tools

TOOLETFINANCEXM GROUP
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYY
Expert AnalysisYY
Autochartist ToolsNY
Sentiment ChartsNY
Economic CalendarYY

Which is better for beginners, ETFinance or XM Group?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that ETFinance is the better broker for beginner traders as it offers a larger range of educational tools and materials. ETFinance also has a minimum deposit of $.

Educational Features

FEATUREETFINANCEXM GROUP
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYN
Live WebinarsYY
YouTube VideosYY
Trading AcademyYN
Trading GlossaryYN

Which broker is better overall?

Overall, our tested reviewing methodology proves that XM Group is the better broker in a range of key areas. You can learn more by reading our ETFinance and XM Group reviews.

Top 5 Forex Brokers

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

Top Platform in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%

Top Prop Firm in 2024

✅ Accounts: $5K - $300K
✅ Profit Split: 90%
✅ Profit Targets: 10%

✅ Accounts: $4K - $100K
✅ Profit Split: 60-90%
✅ Profit Targets: 10%, 10%, 5%

✅ Accounts: $5K - $200K
✅ Profit Split: 80%
✅ Profit Targets: 8%, 5%

✅ Accounts: $5k - $100k
✅ Profit Split: up to 90%
✅ Profit Targets: 10%

✅ Accounts: $10k - $200k
✅ Profit Split: up to 100%
✅ Profit Targets: 10% (1-step), 8%/5% (2-step)

✅ Accounts: $25k - $200k
✅ Profit Split: 50% - 80%
✅ Profit Targets: 10%