XM vs JustForex
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| XM | JustMarkets |
|---|---|
4.4
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3.9
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 Traders from US not accepted
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Traders from US not accepted
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XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It’s also highly regulated, including by ASIC and CySEC and offers a comprehensive MetaTrader experience. |
JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders. |
| Customer Reviews | |
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4.6
Based on 24 XM customer reviews
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| Bonus Offer | |
| $30 No Deposit Bonus When You Register A Real Account | $30 No Deposit Bonus |
| Promotions | |
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Improve The Speed & Reliability Of Your Trades With The XM VPS |
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| Comment by Reviewer | |
| "With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years." | "With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5 | $1 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, CySEC, DFSA, IFSC | CySEC, FSA, VFSC |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.2% | |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS, Android & Windows | iOS & Android |
| App Review | |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,000+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
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| Android App Rating | |
3.9 |
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| iOS App Rating | |
4.7 |
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| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. | JustMarkets offers copy trading services directly through the Investor Wallet. Copy leading traders and benefit from their success with reasonable fees and real-time tracking capabilities. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| Yes | Yes |
| Demo Competitions | |
| Yes | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $5 | $5 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. | JustMarkets traders can access CFDs on 170+ instruments including forex, stocks, indices and commodities with ultra-tight spreads, very high leverage up to 1:3000 from the offshore entity, and no commission fees. |
| Leverage | |
| 1:1000 | 1:3000 |
| FTSE Spread | |
| 1.4 | 1 - 2.5 |
| GBPUSD Spread | |
| 0.8 | 0 - 1.0 |
| Oil Spread | |
| 0.03 | 2.0 |
| Stocks Spread | |
| 0.002 | Variable |
| Forex Trading | |
| XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.8 pips on the EUR/USD in the commission-free account. | JustMarkets offers a good selection of 65+ forex pairs, which can be traded through the MT4 and MT5 platforms. High leverage is available from the offshore branch, and the broker also offers very tight spreads starting from 0.1 with no commission on the Pro account. |
| Forex App | |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. |
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| GBPUSD Spread | |
| 0.8 | 0 - 1.0 |
| EURUSD Spread | |
| 0.8 | 0 - 1.0 |
| EURGBP Spread | |
| 1.5 | 1 - 2.5 |
| Assets | |
| 55+ | 65+ |
| Currency Indices | |
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| Cryptocurrency | |
| XM offers a handful of cryptocurrencies against the USD via the South African entity only. These are tradable via CFDs with very high leverage up to 1:500, amplifying potential returns but also losses. You can day trade major tokens like Bitcoin, Ethereum and Ripple, though the suite of tokens trails the 120+ crypto derivatives at Eightcap. | JustMarkets offers popular digital currencies with low spreads. The crypto market can be analyzed using leading software and a suite of advanced charts and technical analysis tools. |
| Spread | |
| Variable | Floating from zero (Raw ECN) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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