Interactive Brokers vs XM
Side-by-side comparison of regulation, trading costs, platforms, and account types for Interactive Brokers and XM.
Interactive BrokersTrust 8.9/10
CFTC-NFA
FCA
ASIC
MAS
Nasdaq-listed institutional-grade broker with the broadest market access of any retail-accessible broker — 150+ markets across 33 countries. Trader Workstation is the industry yardstick for power users.
XMTrust 8.4/10
ASIC
CySEC
DFSA
FSCA
Long-established multi-asset broker with a $5 minimum deposit and four-jurisdiction regulation including ASIC and DFSA. Strong educational resources and a copy-trading marketplace make it a popular pick for newer traders.
Quick verdict
- Trust: Interactive Brokers has the higher trust score.
- EUR/USD spread: Interactive Brokers is tighter on EUR/USD.
Side-by-side comparison
| Feature | Interactive Brokers | XM |
|---|---|---|
| Trust score | 8.9 | 8.4 |
| Regulators | CFTC-NFA, FCA, ASIC, MAS, IIROC, FMA-NZ, CySEC | ASIC, CySEC, DFSA, FSCA, FSC-Belize |
| Headquarters | United States | Cyprus |
| Founded | 1978 | 2009 |
| Min deposit | $0.00 | $5 |
| Max leverage | 1:50 | 1:1000 |
| EUR/USD spread | 0.20 pips | 0.70 pips |
| Commission per lot | $4 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, ACH | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Withdrawal methods | Bank Wire, ACH | Bank Wire, Credit/Debit Card, Skrill, Neteller |
| Withdrawal speed | 48h | 24h |
| Base currencies | USD, EUR, GBP, AUD, NZD, JPY, CAD, CHF, HKD, SGD | USD, EUR, GBP, AUD, JPY, SGD |
Interactive Brokers is best for
High-volume traders
Algo traders
Stock CFD traders
XM is best for
Beginners
Day traders
Copy traders