| Feature | XM Trading | iFOREX |
|---|---|---|
| Established | 2009 | 1996 |
| Regulation | ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize) | CySEC (Cyprus), FCA (UK), FSC (British Virgin Islands) |
| Minimum Deposit | $5 | $100 |
| Maximum Leverage | Up to 1:1000 | Up to 1:30 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Proprietary XM App | Proprietary FXnet Platform |
| Tradable Instruments | Forex, CFDs on Commodities, Indices, Stocks, Metals, Energies | Forex, CFDs on Commodities, Indices, Cryptocurrencies |
| Number of Currency Pairs | 55+ | Approximately 100 |
| Spreads | From 0.6 pips on major pairs | Variable spreads |
| Commission | None on most accounts | None |
| Deposit Methods | Credit/Debit Cards, Bank Transfer, Skrill, Neteller, UnionPay, WebMoney, and more | Credit/Debit Cards, Bank Transfer, PayPal, Skrill, Neteller, Apple Pay, Google Pay |
| Withdrawal Methods | Same as deposit methods | Same as deposit methods |
| Inactivity Fee | $5 monthly after 12 months of inactivity | Not specified |
| Islamic Accounts | Available | Available |
| Demo Accounts | Available | Available |
| Customer Support | 24/5 via live chat, email, phone | 24/5 via live chat, email, phone |
| Educational Resources | Webinars, Tutorials, Market Analysis | Trading Videos, Tutorials |
| Bonus Programs | 50% + 20% Deposit Bonus, Loyalty Program | Not specified |
| Negative Balance Protection | Yes | Yes |
| Automated Trading | Supported via MT4/MT5 | Not specified |
| Social/Copy Trading | Available through MT5 | Not specified |
| VPS Hosting | Free for eligible clients | Not specified |
| Account Types | Micro, Standard, XM Ultra Low, Shares | Standard |
| Scalping Allowed | Yes | No |
| Hedging Allowed | Yes | No |
| Margin Call Level | 50% | 50% |
| Stop-Out Level | 20% | 0% |
| Order Execution Type | Market Execution | Instant Execution |
| Minimum Trade Size | 0.01 lots (Micro Account) | 0.01 lots |
| Maximum Trade Size | 100 lots | Depends on account balance |
| Order Types | Market, Limit, Stop, Stop-Loss, Trailing Stop | Market, Limit, Stop-Loss |
| Trading Hours | 24-May | 24-May |
| Available Base Currencies | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR | USD, EUR, GBP |
| Cryptocurrency Trading | No | Yes (Bitcoin, Ethereum, Ripple, Litecoin, etc.) |
| Fixed Spreads Option | No | Yes |
| Requotes | No | Yes |
| Slippage Policy | Minimal slippage | Possible slippage in volatile markets |
| Guaranteed Stop-Loss | No | Yes |
| Trailing Stop | Yes | No |
| Custom Indicators | Supported on MT4/MT5 | Limited support |
| One-Click Trading | Yes | Yes |
| Mobile Trading App | Yes (MT4, MT5, XM App) | Yes (Proprietary App) |
| Economic Calendar | Yes | Yes |
| Market News Updates | Yes | Yes |
| Personal Account Manager | Available for VIP accounts | Available |
| Deposit Processing Time | Instant for most methods | Instant for most methods |
| Withdrawal Processing Time | Within 24 hours | Up to 48 hours |
| Regulatory Compensation Scheme | Yes (Investor Compensation Fund, up to €20,000) | Yes (CySEC compensation up to €20,000) |
| Fractional Pip Pricing | Yes (5th decimal) | No (4th decimal) |
| Depth of Market (DOM) | Yes (Available in MT5) | No |
| Custom Algorithm Trading | Yes (via Expert Advisors on MT4/MT5) | No |
| Copy Trading Platform | Yes (MT5, MetaTrader Signals) | No |
| FIX API Trading | No | No |
| Account Segregation | Yes (Funds held separately from company funds) | Yes |
| Third-Party Trading Plugins | Supported (via MT4/MT5) | Limited support |
| Deposit Bonus | Yes (50% + 20% for new users) | No |
| Referral Bonus | Yes (Varies by region) | No |
| VIP & Loyalty Programs | Yes (Loyalty Program with redeemable points) | No |
| Multi-Account Manager (MAM/PAMM) | Yes | No |
| Interest on Account Balance | No | No |
| Swap-Free Account for Muslims | Yes | Yes |
| Overnight Fees (Swaps) | Yes, unless using a swap-free account | Yes |
| Dividend Adjustments on CFDs | Yes | Yes |
| Corporate/Institutional Accounts | Yes | No |
| Price Alerts & Notifications | Yes (via MT4/MT5 and mobile app) | No |
| Sentiment Analysis Tool | Yes | No |
| Backtesting for Strategies | Yes (via MT4/MT5 Strategy Tester) | No |
| Trading Signals | Yes (via MT4/MT5, third-party providers) | No |
| Sentiment Indicators | Yes | No |
| VIP Trading Conditions | Yes (Lower spreads, faster execution for high-volume traders) | No |
| Guaranteed Execution of Stop Loss Orders | No | Yes |
| Trading Restrictions on News Events | No restrictions | Some restrictions |
| Regulatory Warnings & Fines | No major fines | No major fines |
| Company Ownership | Part of Trading Point Holdings | Part of iFOREX Group |
| Regional Restrictions | Not available in the U.S., Canada, Israel | Not available in the U.S., Canada, Japan |
XM Trading offers better leverage, multiple account types, and advanced trading tools, while iFOREX provides fixed spreads, crypto trading, and guaranteed stop-loss orders. XM is ideal for scalpers and automated traders, whereas iFOREX suits those preferring simplicity and fixed-cost trading.