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XMTrading vs Spec Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, XMTrading currently holds a lower overall rating (4.3) compared to Spec Markets (4.7).
XMTrading has a lower minimum deposit, at 5.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same maximum lot size (100.0), but XMTrading has a minimum lot size of 0.1, while Spec Markets offers 0.01.
Each broker offers an equal maximum leverage of 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5.0 | 100.0 |
| Commission | - | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 100.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker | ECN |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | Market Maker | ECN |
| Regulation | FSA (Seychelles), FSC (British Virgin Islands) | FSCA (South Africa), FSC (Mauritius) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XMTrading App | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Multiple local methods, Sticpay | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, EUR, JPY | USD, GBP, EUR |
| Languages | English, Japanese, Russian, Malay, Thai, Vietnamese, Korean | English, Spanish, French, German, Japanese |
| Country | Seychelles | Mauritius |
| Trading platform(s) timezone | Seychelles | Mauritius, South Africa |
| Other trading instruments | Indices, Commodities, Energies, Precious Metals | Indices, Cryptocurrency, Precious Metals, Forex, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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