IronFX vs XM: Which One is Better for You?

IronFX vs XM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between IronFX vs XM, here is the direct comparison:

Feature IronFX XM


General Rating 3.48/5
Trustpilot 4.0/5

General Information

Office(s) Australia, Cyprus, Czech Republic, South Africa, Spain, United Kingdom Australia, Cyprus, Greece, Hungary
Regulation ASIC, 417482
CySEC, 125/10
FCA (UK), 585561
FSCA (South Africa), 45276
ASIC, 443670
BaFin, 124161
CNMV (Spain), 2010157773
CONSOB (Italy), 3046
CySEC, 120/10
FCA (UK), 538324
FSP (New Zealand), FSP235905
Established 2010 2009
Minimum Deposit $100 $5
Maximum Leverage 1:30 1:888
Spread Variable Variable
Commissions $18 $3.50
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay, Wire transfer CashU, Credit/debit cards, FasaPay, giropay, iDEAL, Moneta.Ru, Neteller, paysafecard, QIWI, Skrill, SOFORT, UnionPay, WebMoney, Western Union, Wire transfer

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account

Trading Requirements

US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Spread betting
Gold & silver
Binary options
Soft commodities

Customer Support

Website Languages Arabic, Chinese, Czech, Dutch, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Malay, Persian, Portuguese, Russian, Spanish Arabic, Chinese, English, French, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Turkish
Email Support
Call Support
Chat Support

User Reviews

P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!

P. Richard

Jul 21 2020

To ease your withdrawal process, make sure your trading account has been verified by XM. The verification process relates to your personal data agreement. Otherwise, any difficult withdrawal may be caused by an unverified trading account. For me, XM is good at all, including their deposit and withdrawal method. Good, XM!


Jul 21 2020

Trading at XM's Zero Account was pretty good. They give zero spread and low commission. I like it!

Mr. Zack

Jul 21 2020

I have no problem during trading at XM real account, but I suggest XM to consider a longer expiration time on demo account :D

R. Nimi

Jul 21 2020

Trading execution at XM is very good. They also help novices like me to understand forex trading through free webinars. I wish XM held their trading contest again :)


Jul 21 2020

The trading platform at XM is very nice! I believe this is the most appropriate one for Indonesian traders! They offer MT4, MT5, even MetaTrader for web-trading. Nice work XM!


Jul 21 2020

I got confused during registering for my trading account. Fortunately, their customer service is fast-response and very helpful. Their trading condition and trading platform are also awesome. Thanks XM!

Cak Moestopo

Jul 21 2020

So far so good at XM. They have CS that is fluent at Indonesian, also deposit withdrawal method with a free commission. Broker joss lah!

Salam from Indonesia.

Evan S

Jul 21 2020

XM is very good for those looking for free trading signals. They also often held free online webinars. Unfortunately, they don't have an ECN account yet for traders.

Finn R.B

Jul 21 2020

I love trading at XM due to their commission-free deposit and several instruments offer, though their account verification is quite difficult *LOL XD

Syarif Z

Jul 21 2020

Hi, I'm from Indonesia. I also trade on XM and find out their customer care is very good for Indonesian. Mantapp!!!

W. Billie

Jul 21 2020

I tried to register a trading account XM and got no deposit bonus. After 2 weeks, I got a profit as much as USD108. I decided to withdraw for USD60 and it was accepted. Thank you, XM!


Jul 21 2020

I've traded on several brokers, but I think XM is the best due to their trading conditions. Nice work, bruh!

C. Lee

Jul 21 2020

I registered for my trading account at XM last year. I found their whole services are pretty good, especially their commission-free on deposit. But their spread is extremely unpredictable during news release. Be careful, traders!


Jul 21 2020

XM's website is very hard to load! I look for any bonus info but it takes for hours!


Jul 21 2020

I feel so disappointed with XM regarding their leverage option. My trading account firstly used 1:888 leverage, but then it was changed to 1:100. Plus, they said my trading account will no longer available to get any bonuses from XM. I've sent my complain but they didn't give any responses yet,,


Jul 21 2020

I've been trading at XM for almost 7 years and had no much problem with them. But recently they changed their deposit withdrawal method with no longer using MasterCard. This made me confuse sooo much!! Whyyy??!!

Mr. Pawww

Jul 17 2020

I used to trade on zero account, but recently I moved to ultra-low trading account. I think it doesn't matter on what account is used. The most important one is money management. I love XM because their withdrawal process is quite great.


Jul 17 2020

I'm XM's client for these several years. Recently, their customer service gives slow responses to any troubles. Plus, their website is difficult to access. I have almost moved my trading account to other brokers.


Jul 17 2020

I've been trading at XM for almost a year, and everything goes well. I always withdraw my balance per month.


Jul 17 2020

I do trading forex using a few balances. My friend suggests me to register at XM and it's quite good so far. I don't find any notable problems with XM. Nice!


Jul 17 2020

My first trading at XM was quite good, but it went worse even more. It's hard to do deposit or withdrawal. That's why I don't have much balance at my account that often. I hope they can improve their service for the clients.


Jul 17 2020

I'm new at XM. I chose XM because they have many leverage offers. It's good for a novice like me


Jul 17 2020

I got my passive income from XM rebate program. It can be withdrawn weekly, so it's good as my additional shopping budget :D


Jul 17 2020

I joined on their roadshow at Indonesia last year. It was so great and useful for me! Thankyou XM!


Jul 17 2020

Though XM has so many customers, their customer care is incredibly great! Two thumbs up for you!


Jul 17 2020

I do agree that XM is one of the well-regulated forex brokers for traders! Cheers to you!


Jul 17 2020

One thing I love most from XM is their regular trading event. I even can't miss them once. It's always good and awesome!


Jul 17 2020

Hi, I'm new at trading forex. I want to share my trading experience at XM. Before being a part of this broker, I was trading at other brokers since 2017, but their commission and payment method for deposit withdrawal isn't my type. Finally, I chose XM at the end of 2018. To this day, I am so satisfied with XM's services, especially their regular webinar event. You guys have to trade on XM!


Jul 17 2020

It's good to trade on XM. They have lots of trading competitions. One of them was even prized as much as $11,000 for the winner! WOW! I'm gonna join it sooner! Thankyou XM!


Jul 16 2020

I'm so disappointed with XM. I did a withdrawal on May 28th, 2020 but it wasn't sent to my bank account until June 10th. Better you trade on other brokers. XM ISNT GOOD AT ALL, IT'S SCAM!

Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IronFX provides their pricing with Variable while XM offers Variable.

IronFX vs XM: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, IronFX enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, XM provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.

Is IronFX or XM better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, IronFX supports trading with Forex, while XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:

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