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Who has the upper hand?


About FXGT

FXGT was established in 2019 and has rapidly gained a foothold in the online trading industry. FXGT offers a wide range of trading products and services, emphasising technology and user experience. Their client base includes traders from various parts of the world, reflecting their growing global presence. The official website for FXGT is

FXGT Minimum Deposit: $5

Risk warning: Remember that forex and CFDs available at FXGT are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.


XM was founded in 2009 and has become one of the leading brokers in the online trading sector. XM offers a variety of trading platforms and instruments to its global clientele. It boasts over 10 million clients from nearly 200 countries, showcasing its widespread appeal and reach. The official website for XM is

XM Minimum Deposit: $5

Risk warning: Remember that forex and CFDs available at are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

FXGT is regulated by:


Financial Sector Conduct Authority, based in South Africa, license number 48896.


Financial Services Authority, based in Seychelles, license number SD019.


Vanuatu Financial Services Commission, based in Vanuatu, license number 700601.

XM is regulated by:


Financial service commission, based in Belize, license number 000261/397.


Cyprus Securities and Exchange Commission, based in Cyprus, license number 120/10.


Australian Securities & Investments Commission, based in Australia, license number 443670.

Supported Platforms by FXGT

FXGT supports the following trading platforms

Supported Platforms by XM

XM supports the following trading platforms

Mobile application: XM Trading Point App



FXGT Trading Platforms

FXGT offers traders two industry-leading trading platforms which include MetaTrader 4 and MetaTrader 5, both developed by MetaQuotes Software. Both MT4 and MT5 boast intuitive interfaces that cater to beginners and seasoned traders alike. They come equipped with a comprehensive set of features to enhance your trading experience.

FXGT's MT4 offers a solid foundation for traders. It features 30 technical indicators, 9 timeframes for charting, 3 order execution options, and one-click trading for swift execution. FXGT's MT5 provides an even richer feature set for traders seeking more options. It boasts 38 technical indicators, 4 order execution types, and 21 timeframes for in-depth analysis. Notably, both MT4 and MT5 allow the use of Expert Advisors (EAs) for automated trading strategies and analysis.

XM Trading Platforms

XM offers a robust selection of trading platforms to its clients. These include the world-renowned MetaTrader 4 and MetaTrader 5 platforms, alongside their very own XM Trading Point App. The MetaTrader platforms are industry leaders, known for their intuitive design and user-friendly interface.

They cater to both beginners and experienced traders by offering extensive customisation options. These platforms provide a comprehensive set of features. They include advanced charting tools, one-click trading functionality, and full support for Expert Advisors. Further, XM’s proprietary XM Trading Point App is designed specifically to meet the needs of its user base.

Did you know?

FXGT offer a wide range of all year-round promotions and bonuses.?

(*Subject to different regions and T&C)

Did you know?

XM offers trading competitions and online webinars during most of the business days?



FXGT Trading Assets

FXGT offers its traders access to over 150 different trading instruments. Here is a breakdown of the market products available on this broker site:

  • Forex - On this broker site, traders can buy and sell CFDs on major, minor, and exotic currency pairs.
  • Stock Indices - Investors can also trade CFDs on popular indices like US30, AUD200, UK100, and US500.
  • Cryptocurrencies - Further, FXGT clients can speculate on the price movements of major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Cardano, and Ripple through CFDs.
  • Synthetic Cryptocurrencies - This unique offering allows FXGT clients to speculate on the interaction between cryptocurrency prices and other markets, like gold, silver, or even stock indices.
  • Stocks - This asset class allows investors to trade CFDs on stocks of some of the world's biggest companies like Apple, Amazon, Meta, and eBay.
  • Energies - FXGT allows its traders to gain exposure to energy markets by trading CFDs on crude oil and natural gas.
  • Precious Metals - Finally, investors on this broker site can trade CFDs on classic precious metals like gold and silver.

XM Trading Assets

On traders have access to a wide range of global markets totalling over 1,000 trading instruments. These include CFDs on:

  • Forex - Forex traders can navigate the global currency market with over 50+ currency pairs, including majors, minors, and exotics.
  • Commodities - Investors can expand their portfolios beyond currencies with commodities like sugar, wheat, gold, and silver.
  • Equity Indices - The Equity Indices asset class allows investors to trade a variety of cash and futures indices, including China50, EU50, and UK100.
  • Stocks - XM allows traders to own shares in leading companies from the USA, UK, France, Germany, and other countries.
  • Energies -  Finally, the broker allows investors to speculate on the price movements of crucial energy resources like oil and natural gas.
  • Precious Metals - Precious metals such as gold and silver are also available to trade on this broker site. 

*The availability of instruments may differ depending on your country of residence. Especially crypto trading is not available everywhere.



FXGT Fees and Leverage

FXGT offers its traders some of the lowest spreads in the market. On the standard+ and the mini accounts, investors have access to spreads as low as 1.0 pips for major currencies with no commission required. Here are some sample spreads of some of the currency pairs on the FXGT broker site.

EURUSD - Minimum spread from 1.2 pips.

GBPUSD - Minimum spread from 1.4 pips.

USDCAD - Minimum spread from 1.5 pips.

CADJPY - Minimum spread from 3.7 pips.

FXGT offers relatively high leverage that goes up to 1:1000.

XM Fees and Leverage

XM offers competitive low spreads, standing out among most brokers in the market. There are three main account types, each with varying spreads. The standard account provides spreads starting from 1.7 pips for major currency pairs. Sample spreads include:

EURUSD - Average spread of 1.7 pips.

GBPUSD - Average spread of 2.1 pips.

USDCAD - Average spread of 2.2 pips.

CADJPY - Average spread of 3.4 pips.

XM offers a maximum leverage of up to 1:1000, depending on the trader's economic zone.

FXGT Available Deposit & Withdrawal Methods

Exness supports the following deposits and withdrawal methods

Local Bank Deposits Available Deposit & Withdrawal Methods supports the following deposits and withdrawal methods

Mobile Money


Final words


Both FXGT and XM are reputable brokers offering a broad range of trading instruments and platforms. Both brokers are well-regulated, FXGT has a better standing in Africa with the FSCA regulation, but XM has a slightly broader regulatory footprint overall as it includes regulations from two tier-one organizations - the ASIC and the CySEC. On a positive note, though, both brokers offer a low minimum deposit of $5, making them accessible to new traders. Additionally, both offer MetaTrader 4 and MetaTrader 5, two of the best trading platforms. However, XM also offers its mobile trading app, providing more platform variety. Finally, XM offers a wider range of tradable assets, especially in stocks, which may appeal to traders looking for more diversity.

Ultimately, the choice between FXGT and XM will depend on individual trading preferences and priorities. XM might be more appealing for those seeking a broader range of assets and a diverse platform selection. In contrast, FXGT could be attractive for those looking for a variety of accounts suited to different experience levels