BrokerRatingBest XM alternatives 2026
If XM is not right for you, these 8 brokers offer similar services. They are ranked by licence strength and by how closely their markets, platforms and accounts match XM.
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- Licences
- FCA, ASIC, DFSA, CFTC
- Min. deposit
- $0
- Islamic account
- No
- IG holds 10 licences from strong regulators, against 0 for XM.
- The minimum deposit at IG is $0, against $5 at XM.
- IG offers TradingView, Web Trader, which XM does not.
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- Licences
- CySEC, ASIC, CBI, FSCA
- Min. deposit
- $100
- Islamic account
- Yes
- AvaTrade holds 4 licences from strong regulators, against 0 for XM.
- AvaTrade offers Web Trader, which XM does not.
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- Licences
- CySEC, ASIC, FSA, MAS
- Min. deposit
- $50
- Islamic account
- Yes
- MultiBank Group holds 3 licences from strong regulators, against 0 for XM.
- MultiBank Group offers Web Trader, which XM does not.
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- Licences
- FCA, CySEC, ASIC, DFSA
- Min. deposit
- $0
- Islamic account
- Yes
- Pepperstone holds 4 licences from strong regulators, against 0 for XM.
- The minimum deposit at Pepperstone is $0, against $5 at XM.
- Pepperstone offers cTrader, TradingView, which XM does not.
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- Licences
- FCA, ASIC, SEC, FINRA
- Min. deposit
- $0
- Islamic account
- No
- Interactive Brokers holds 10 licences from strong regulators, against 0 for XM.
- The minimum deposit at Interactive Brokers is $0, against $5 at XM.
- Interactive Brokers offers Web Trader, TradingView, which XM does not.
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- Licences
- FCA, ASIC, CFTC, NFA
- Min. deposit
- $0
- Islamic account
- No
- Oanda holds 7 licences from strong regulators, against 0 for XM.
- The minimum deposit at Oanda is $0, against $5 at XM.
- Oanda offers TradingView, Web Trader, which XM does not.
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- Licences
- FCA, CySEC, DFSA, SFC
- Min. deposit
- $1,000
- Islamic account
- No
- Swissquote holds 6 licences from strong regulators, against 0 for XM.
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- Licences
- FCA, CySEC, ASIC, DFSA
- Min. deposit
- $0
- Islamic account
- Yes
- Axi holds 4 licences from strong regulators, against 0 for XM.
- The minimum deposit at Axi is $0, against $5 at XM.
- Axi offers Web Trader, which XM does not.
