XM Alternatives: How It Compares Updated 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 clients. If you feel that XM is not quite right for you then it would be worth getting a demo account with some of the best XM alternatives and check if they are a better fit for you before moving any money around.
The most in depth review of XM alternatives on the internet
There's many reasons XM may not be a good fit for you. For whatever reason you are hunting for the best XM alternative or XM competitor with similar 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 best XM alternatives.
For each of the below alternative to XM, we also highlight the key differences to XM and for each platform feature show you the best competitors. For each XM alternative trading platform shown 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 unhappy with XM, discover some great alternative brokeragesbrokers|online trading platforms|brokerages.
Trading with a professional and dependable online broker is vital to having a successful trading career. All of the XM alternative platforms we list in this XM alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
XM has a minimum desposit of $5, you can see how the minimum deposit requirements of XM compare with the minimum deposit requirements of XM competitors. Trading platforms often have lower minimum deposits to get traders to test them out, but having higher a minimum deposit isn’t always 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 Virtual Portfolio Accounts
XM offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to XM that offer 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 specially offered while the market volatility keeps customers from letting their account go in the red. In a situation like this, XM offers the ability to reset a clients account balance to zero.
You are able to go through the important stipulations on XM's website to understand their policies.
Below we list some of the best alternatives to XM that has 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 provides a chance to its dealers to close their trades at their given price. Apart from that, XM does not offer guaranteed stop loss.
Below we detail some of the top XM alternatives that has guaranteed stop loss available for their users.
| 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 throughout the world select XM for their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Below we list some of the top alternatives to XM that offer scalping functionality to their customers.
| 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 around the world choose XM due to their large range of services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Below we detail some of the top 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
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, XM offers social trading which encompasses leading traders sharing their knowledge with the community. 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 detail 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
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. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is calculated social trading..
Below we list some of the best alternatives to XM that offer copy trading to their users
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
XM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare XM To All Other Brokers