XM Trading vs Interactive Brokers Comparison & Reviews

FeatureXM TradingInteractive Brokers
Year Founded20091977
Publicly TradedNoYes
RegulationASIC, CySEC, DFSA, IFSCSEC, CFTC, FINRA, FCA, IIROC, ASIC, MAS, SFC
Trust Score8899
Minimum Deposit$5$0
Account TypesMicro, Standard, Ultra Low, ZeroIndividual, Joint, Trust, IRA, Corporate
Base Account CurrenciesUSD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZARUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
Trading PlatformsMetaTrader 4, MetaTrader 5Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal
Tradeable Instruments1,3948,500
Forex Pairs5590
Cryptocurrency TradingYes (CFDs)Yes (Physical and Derivatives)
Social/Copy TradingYesNo
Average Spread EUR/USD (Standard Account)1.6 pips0.59 pips
Commission per Lot (Forex)$3.5$2.0
Deposit MethodsBank Wire, Credit/Debit Card, Neteller, Skrill, UnionPay, WebMoney, XM Card, M-PesaACH Transfer, Wire Transfer, Check, Debit Card
Withdrawal MethodsBank Wire, Credit/Debit Card, Neteller, Skrill, UnionPay, WebMoney, XM Card, M-PesaACH Transfer, Wire Transfer, Check
Inactivity Fee$10 after 90 daysNone
Educational ResourcesWebinars, Tutorials, Videos, ArticlesTraders Academy, Webinars, Podcasts, Articles
Customer Support24/5 via Email, Phone, Live Chat24/5 via Email, Phone, Live Chat
Leverage (Retail Clients)Up to 1:1000 (varies by region)Up to 1:50 (retail), Up to 1:500 (professional)
Leverage (Professional Clients)Up to 1:1000Up to 1:500
Fractional SharesNoYes
Market Execution SpeedUnder 1 secondMilliseconds
Order TypesMarket, Limit, Stop, Trailing Stop, One-Cancels-the-Other (OCO)Market, Limit, Stop, Stop-Limit, Trailing Stop, Bracket Orders, Algorithmic Trading
Market Data FeesFree for basic accounts, Premium data availableMonthly subscription fees for premium data
Algo/Automated TradingYes (via Expert Advisors on MetaTrader)Yes (via API, IB Algo trading)
Options TradingNoYes
Futures TradingNoYes
Bond TradingNoYes
ETF TradingNoYes
Stock CFDsYesYes
Direct Stock TradingNoYes
Hedging AllowedYesYes
Scalping AllowedYesYes
Islamic Accounts (Swap-Free)YesYes
Negative Balance ProtectionYesNo (depends on region)
Interest on Uninvested CashNoYes (varies by currency and amount)
Margin RatesHigher than IBKROne of the lowest in the industry
VIP/High Volume Trading BenefitsYes (Loyalty Program)Yes (IBKR Pro offers lower commissions)
News Feed IntegrationYesYes (Premium news feeds available)
Mobile AppYes (MT4 & MT5 apps)Yes (IBKR Mobile)
Web-Based Trading PlatformYes (MT4/MT5 WebTrader)Yes (Client Portal, IBKR WebTrader)
Multiple Account Management (PAMM/MAMM)YesYes
Trading ContestsYesNo
Bonuses & PromotionsYes (varies by region)No (strictly regulated)
Tax Reporting ToolsBasicAdvanced tax reporting tools
Advanced Risk Management ToolsLimitedExtensive
API AccessNoYes (REST, FIX, C++, Python)
Minimum Trade Size (Forex)0.01 lots (Micro)1,000 units (0.01 standard lot)
Maximum Trade Size100 lotsNo fixed limit (varies by instrument)
Number of Account Holders per AccountSingleIndividual, Joint, Institutional
Account SegregationYes (funds kept in segregated accounts)Yes (strictly regulated segregation)
Deposit FeesNoNo (but some methods may incur third-party fees)
Withdrawal FeesFree (for most methods, except for bank wires after 1st withdrawal per month)Bank wire withdrawals may have fees
Execution TypeMarket ExecutionSmartRouting (Best Execution Technology)
Slippage ControlMinimalAdvanced order routing to reduce slippage
Tick Data AvailabilityLimitedComprehensive historical tick data
Trade Settlement TimeInstant (market dependent)Varies by asset class
HFT (High-Frequency Trading) SupportNoYes (via direct market access)
Liquidity ProvidersMultiple Tier-1 Banks & Liquidity ProvidersLarge global liquidity pool with direct market access
Margin Call Level50%100%
Stop-Out Level20%Varies based on risk settings
Swap Rates (Overnight Fees)CompetitiveAmong the lowest in the industry
Short Selling AvailabilityCFDs onlyYes (for stocks, futures, options)
Interest on Borrowed FundsYes (for margin accounts)Yes (low margin loan interest rates)
Custom Indicators & Trading BotsYes (MT4/MT5)Yes (via API & third-party tools)
Support for Hedge Funds & Proprietary Trading FirmsNoYes
Payout on Dividends for Stocks/CFDsYes (CFDs only)Yes (direct stock trading)
Corporate & Institutional AccountsLimitedYes (wide range of business solutions)
Securities LendingNoYes (Stock Yield Enhancement Program)
Paper Trading/Demo AccountYes (Unlimited)Yes (Paper Trading Account)
Order Book DepthLimitedAdvanced market depth (Level II)
Best ForBeginners, casual traders, copy tradersProfessional traders, active traders, institutions
Languages SupportedMultiple (including English, Spanish, Chinese, Arabic, etc.)Multiple (Global Support)
Affiliate & Partnership ProgramsYes (IB & CPA programs)Yes (IBKR Referral & Introducing Broker Program)
Regulatory Capital RequirementsModerateOne of the highest in the industry
Trading API ComplexityNot availableAdvanced (Python, Java, C++, FIX, REST)
Investment Advisory ServicesNoYes (IBKR Advisor Portal)
Crypto Storage (Custody)NoYes (for eligible clients)
SPACs (Special Purpose Acquisition Companies) TradingNoYes
Penny Stock TradingNoYes (OTC & Pink Sheets)
Forex Order Book AccessNoYes
Trading Community & ForumsNoYes (IBKR Traders’ Insight & Community)
Multi-Asset Trading SupportNo (Forex & CFDs only)Yes (forex, stocks, options, futures, bonds, ETFs, crypto)
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XM Trading is ideal for beginners with low deposit requirements, high leverage, and easy MetaTrader access, while Interactive Brokers caters to professionals with advanced tools, lower spreads, and multi-asset trading.