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Best XM Alternatives 2026

This article features the best alternatives to XM.

You will be able to find not only brokers different from XM, but also brokerages that offer similar services.

What are the best alternative brokers and platforms to XM?

The best alternatives to XM include similar brokers that are listed below:

  1. Admirals
  2. Pepperstone
  3. XTB
  4. eToro
  5. AvaTrade
  6. FXTM
  7. FBS
Open Account
76% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: MetaTrader 4, MetaTrader 5
Regulations: FCA, CIRO, CMA, FSCA, JSC, FSA
Minimum deposit: US$100
81
Rated: High
Read Review
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Open Account
79.6% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform, ZuluTrade, Duplitrade
Regulations: ASIC, FCA, DFSA, CMA, SCB, EDR
Minimum deposit: US$0
84
Rated: High
Read Review
+ Add To Compare
Open Account
74% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: Proprietary platform
Regulations: FCA, DFSA, FSC
Minimum deposit: US$0
76
Rated: High
Read Review
+ Add To Compare
Open Account
55% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: Proprietary platform
Regulations: ASIC, SEC, CFTC, FCA, FSA, EDR
Minimum deposit: US$100
81
Rated: High
Read Review
+ Add To Compare
Open Account
76% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: MetaTrader 4, MetaTrader 5, Proprietary platform, ZuluTrade, Duplitrade
Regulations: ASIC, CIRO, JFSA, ADGM FSRA, BVI FSC, FSA, EDR
Minimum deposit: US$100
84
Rated: High
Read Review
+ Add To Compare
Open Account
81% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: MetaTrader 4, MetaTrader 5, Proprietary platform
Regulations: FCA, FSC
Minimum deposit: US$10
74
Rated: High
Read Review
+ Add To Compare
Open Account
66.43% of retail investor accounts lose money when trading CFDs with this provider. Under FEMA, the RBI does not allow residents of India to send margin to brokers abroad.
Platforms: MetaTrader 4, MetaTrader 5
Regulations: ASIC, LFSA, VFSC, FSC, EDR
Minimum deposit: US$5
76
Rated: High
Read Review
+ Add To Compare

What is the most similar broker to XM?

The most similar broker to XM is Admirals.

Both XM and Admirals are prominent in the online trading world, offering access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

They cater to a broad spectrum of traders by providing a variety of trading accounts tailored to different trading styles and experience levels. This includes both CFD trading accounts for Forex, commodities, indices, and cryptocurrencies, as well as dedicated accounts for trading shares directly.

For a deeper understanding of both brokers, read our Admirals review and our XM review.

What are the best alternatives to XM by category?

You can find other brokers similar to XM according to a specific feature.

Some specific features of XM and the corresponding ranking of the best brokers according to that feature are listed below:

Which similar brokers provide the services missing from XM?

XM does not provide some services or does not have some characteristics that other brokers have.

The features that XM does not have and rankings of the best brokers that have that feature are listed below:

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