XM Alternatives: Pros & Cons for 2026
This alternatives to XM guide has been updated for 2026 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to XM to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to XM like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that XM is not quite right for you then it would be worth getting a demo account with a range of the best XM alternatives and check if they are a better fit for you before moving any money around.
The most detailed review of XM alternatives on the web
There are many reasons XM may not be a good fit for your trading needs. Whatever reason you are looking for a better XM alternative or XM competitor with similar services, we will always try to give you as much useful information so you can find what it is you need. Below you will discover the top XM alternatives.
For each of our alternative to XM, we break down the key differences to XM and for each section show you the best alternatives. For each XM alternative trading platform listed we also have detailed trading platform reviews and guides that you can easily click to read elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with XM, we can show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a professional and dependable trading platform is crucial to having a successful trading career. All of the XM alternative brokers we list in this XM alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
XM has a minimum desposit of $5, you can check how the minimum deposit requirements of XM compare with the minimum deposits of XM competitors. Trading platforms often offer lower minimum deposits to get users to test them out, but having higher a minimum deposit isn’t necessarily a bad thing, it all comes down to your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
XM |
$5 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| instaforex |
$250 |
Alternatives Offering Demo Accounts
XM offers demo accounts so you can test your trading strategies before risking any real money. Newbie traders can open a virtual portfolio account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.
Below we detail some of the best alternatives to XM that has virtual portfolio accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
XM has negative balance protection. It is specially offered while the industry volatility prevents customers from letting their account go in the red. In a situation like this, XM provides the ability to reset a clients account balance to zero.
You are able to go through the critical stipulations on XM's website to understand their policies.
Below we list some of the best alternatives to XM that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
XM regrettably, does not offer guaranteed stop loss. XM gives an opportunity for its traders to close their trade in their specified price. Apart from this, XM doesn't offer guaranteed stop loss.
Below we show some of the top XM alternatives that offer guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
XM |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
XM do allow scalping. Several traders across the world choose XM for their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Below we list some of the best alternatives to XM that offer scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
XM do permit hedging. Many traders throughout the world choose XM for their large range of services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Below we show some of the best alternatives to XM that allow hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
XM's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we list some of the top alternatives to XM that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
XM's copy trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we list some of the best alternatives to XM that allow copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare XM To All Other Brokers