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XM Group vs Spreadex 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is XM Group better than Spreadex? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupSpreadex
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 70
Winner check_circle
Review XM Group Review
RegulationXM GroupSpreadex
Trust Score 90 70
Year Founded 2009 1999
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes No info
Tier-1 Licenses 2 1
Tier-2 Licenses 1 0
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)XM GroupSpreadex
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)XM GroupSpreadex
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)XM GroupSpreadex
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) Yes No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsXM GroupSpreadex
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1372 2000
Forex Pairs (Total) 57 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 (CFD) 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).
CostXM GroupSpreadex
Average Spread EUR/USD - Standard 1.6 info N/A info
All-in Cost EUR/USD - Active 0.8 info N/A info
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingXM GroupSpreadex
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
Trading PlatformsXM GroupSpreadex
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 Platforms Gallery (click to expand)
Trading ToolsXM GroupSpreadex
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7
Charting - Indicators / Studies (Total) 30 55
Charting - Drawing Tools (Total) 15 10
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingXM GroupSpreadex
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
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchXM GroupSpreadex
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationXM GroupSpreadex
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) No Yes
Education Gallery (click to expand)
Major Forex PairsXM GroupSpreadex
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
OverallXM GroupSpreadex
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score 90 70
Winner check_circle
Review XM Group Review
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XM Group vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs Spreadex.

Does XM Group or Spreadex offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XM Group offers better pricing overall for traders.

Is XM Group or Spreadex safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. XM Group holds 2 global Tier-1 licenses, while Spreadex holds 1. XM Group holds 1 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, XM Group earned a higher Trust Score than Spreadex.

Which trading platform is better: XM Group or Spreadex?

To compare the trading platforms of both XM Group and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while XM Group has 1372 available CFDs, a difference of 628.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is Spreadex good?

SpreadEx is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. SpreadEx still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.

Overall winner: XM Group

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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