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, benefits to their customers. If you feel that XM is not quite right for you then it would be worth getting a demo account with a few of the top 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 online
There are a lot of reasons XM may not be a good fit for your trading needs. Whatever reason you are looking for the top XM alternative or XM competitor with similar services, we 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 our alternative to XM, we also highlight the key differences to XM and for each section show you the best alternatives. For each XM alternative online broker shown we also have detailed broker 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 online trading platformsbrokers|online trading platforms|brokerages.
Trading with a reputable and dependable broker is vital to your trading success. All of the XM alternative brokers listed 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 have lower minimum deposits to get users to join with them, but having higher a minimum deposit requirement isn’t always a bad thing, it all comes down to your individual 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 learn their systems before risking any real capital. New traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before risking a live account.
Below we list some of the best alternatives to XM that have 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 offers negative balance protection. It's specially offered while the market volatility prevents customers from letting their accounts go into the red. In such a scenario, XM offers the ability to reset a customers account balance to zero.
You are able to go through the critical stipulations on XM's site to understand their policies better.
Below we show 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 unfortunately, doesn't offer guaranteed stop loss. XM provides an opportunity for its traders to close their trades in their given price. Apart from that, XM doesn't offer guaranteed stop loss.
Below we detail some of the best XM alternatives that offer 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 permit scalping. Several traders throughout 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 show 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 allow hedging. Several traders across the world choose XM for their hedging services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Below we list some of the top alternatives to XM that offer 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. 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 independent copy trading..
Below we list some of the top XM alternatives that offer 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. 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