XM Alternatives: Pros, Cons, And How It Stacks Up for 2025
This alternatives to XM guide has been updated for 2025 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, benefits 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 lot of the best XM alternatives and ensuring that they are a better fit for you before moving any money around.
The most in depth guide to XM alternatives on the web
There's many reasons XM may not be a good fit for your trading needs. Whatever reason you are hunting for a better XM alternative or XM competitor with better services, comparebrokers.org try to give you as much helpful information so you can find what it is you need. Below you will find the top XM alternatives.
For each of the below alternative to XM, we break down the key differences to XM and for each platform feature show you the best alternatives. For every XM alternative online trading platform listed we also have detailed trading platform reviews and guides that you can easily click to view 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 online trading platformsbrokers|online trading platforms|brokerages.
Having a professional and dependable trading platform is important for your trading success. 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 should see how the minimum deposit requirements of XM compare with the minimum deposits of XM competitors. Online brokers often offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit requirement 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 virtual portfolio accounts so you can test your trading strategies before risking any real capital. Newbie traders can open a demo 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 show some of the best alternatives to XM that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
XM offers negative balance protection. It is especially offered when the market volatility prevents customers from letting their accounts go into the red. In a situation like this, XM provides the ability to reset a customers account balance to zero.
You should go through the important terms and conditions on XM's website to comprehend their policies better.
Below we list some of the best alternatives to XM that have 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, doesn't offer guaranteed stop loss. XM provides an opportunity to its dealers to close their trade in their given price. Aside from this, XM doesn't offer guaranteed stop loss.
Below we list 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. Many traders across the world choose XM due to their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which let this.
Below we list some of the top alternatives to XM that allow 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 allow hedging. Several traders around the world select XM for their large range of services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Below we detail some of the best alternatives to XM that allow hedging services to their client 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. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of copy trading.
Below we show some of the top XM alternatives that have 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
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, XM offers copy trading which gives access to leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. It is a more independent version of social trading.
Below we detail some of the top XM alternatives that has copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare XM To All Other Brokers