Can beginners use copy trading at XM to follow experienced traders?
💡 Answer
Is copy trading available at XM?
✅ Yes
Supported Platforms: MetaTrader 4, MetaTrader 5
Browse available signal providers and copy trading settings on XM official website.
More FAQs about XM
- Which countries are banned from opening an account at XM?
- What should I know before opening an account at XM?
- What makes XM stand out from other forex brokers?
- Can I reach XM support 24/7, and where are their offices?
- How does XM support trader education and market research?
- How trustworthy is XM based on Trustpilot reviews?
- How do I fund my XM trading account?
- Does XM allow high-frequency trading and automated strategies?
- What is the minimum lot size at XM, and what instruments are offered?
- What account should I choose at XM as a beginner?
- Is there a web-based platform at XM, or do I need to download software?
- Does XM have a minimum deposit, and what account currencies are available?
- Can I get 1:500 leverage at XM, and what are the conditions?
- How are trading costs structured at XM across different account types?
- How trustworthy is XM from a regulatory standpoint, and what fund protections exist?
Guides Where XM Is Featured
- Best CySEC-Regulated Forex Brokers in 2026
- Best Forex Brokers Accepting Google Pay in 2026
- Best Forex Brokers for Crypto Trading in 2026
- Best Forex Brokers for Expert Advisors (EA Trading) in 2026
- Best Forex Brokers for Georgia in 2026
- Best Forex Brokers for News Trading in 2026
These guides include XM alongside other forex brokers, grouped by trading features, platforms, availability, and trader requirements.
XM vs Exness vs Axi - Forex Broker Comparison (September 2026)
Side-by-side comparison of XM vs Exness vs Axi. Quickly scan spreads, leverage, regulations, platforms, instruments, fees, trading conditions, payment options and account types to narrow down your forex broker shortlist. Data updated September 2026.
|
XM
Global Multi-Asset Broker — Big and Fair
|
Exness
Global Multi-Asset Broker with Unlimited Leverage
|
Axi
Built by traders, for traders
|
|
|---|---|---|---|
| Overview | |||
| Trustpilot Rating | 0 | 4.7 | 0 |
| Trustpilot Reviews | 0 | 31,878 | 0 |
| Headquarters | Cyprus | Cyprus | Australia |
| Founded | 2009 | 2008 | 2007 |
| Best For | Beginners Education Low Deposit Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | High Leverage Scalping High-Volume Low Spreads Beginners Copy Trading Day Trading Swing Trading News Trading Hedging Zero Spread No Commission Professional | Algo Trading Beginners Copy Trading Day Trading Education High Leverage Low Deposit Low Spreads Scalping Swing Trading News Trading Hedging Zero Spread No Commission Professional |
| Trust & Safety | |||
| Regulation | CySEC (Cyprus) ASIC (Australia) DFSA (Dubai) FSCA (South Africa) FSC (Belize) | FCA (UK) CySEC (Cyprus) FSCA (South Africa) FSA (Seychelles) CMA (Kenya) | ASIC (Australia) FCA (UK) CySEC (Cyprus) DFSA (Dubai) FMA (New Zealand) |
| Fund Segregation | ✅ Yes | ✅ Yes | ✅ Yes |
| Negative Balance Protection | ✅ Yes | ✅ Yes | ✅ Yes |
| Compensation Scheme | Up to EUR 20,000 under CySEC ICF | Up to EUR 20,000 via Financial Commission Compensation Fund | FSCS up to GBP 85000 (UK/FCA), ICF up to EUR 20000 (EU/CySEC), plus Lloyd's of London insurance up to $1M per client |
| Trading Costs | |||
| Min Spread | From 0.0 pips (Zero), From 0.8 pips (Ultra Low), From 1.6 pips (Standard/Micro) | From 0.0 pips (Raw/Zero), From 0.1 pips (Pro), From 0.2 pips (Standard) | 0.0 pips (Pro/Elite), 0.6 pips (Standard) |
| Commission | $3.50/lot/side (Zero), None (Standard/Micro/Ultra Low) | $3.50/lot/side (Raw Spread), From $0.05/lot/side (Zero), None (Standard/Pro) | $0 (Standard), $7/lot RT (Pro), $3.50/lot RT (Elite) |
| Swap-Free (Islamic) | ✅ Yes | ✅ Yes | ✅ Yes |
| Inactivity Fee | $15 after 90 days inactive, then $5/month | None | $10/month after 12 months of inactivity |
| Deposit/Withdrawal Fees | No deposit fees. No withdrawal fees (bank wire under $200 may incur fee) | No deposit or withdrawal fees | None (third-party payment provider fees may apply) |
| Trading Conditions | |||
| Max Leverage | 1:1000 (Global), 1:30 (EU/AU retail) | 1:2000000000 (Unlimited/Offshore), 1:30 (EU/UK retail), 1:200 (EU/UK professional) | 1:500 (Global), 1:30 (EU/UK/AU retail) |
| Min Deposit | $5 (Standard/Micro/Ultra Low), $5 (Zero) | $10 (Standard), $1 (Standard Cent), $200 (Pro/Raw Spread/Zero) | $0 (Standard), $500 (Pro), $25000 (Elite) |
| Execution Type | Market Maker | Hybrid | ECN |
| Stop Out Level | 50% (EU), 20% (Global) | 0% (most entities) | 20% |
| Margin Call Level | 50% (EU), 100% (Global) | 60% (Standard), 30% (Pro/Raw/Zero) | 100% |
| Instruments | 55+ Forex 1200+ Stocks 30 Indices 10 Commodities 5+ Metals 3 Energies 60+ Crypto | 100+ Forex 10+ Metals 3 Energies 5 Commodities 10+ Indices 80+ Stocks 35+ Crypto | 70 Forex 100+ Stocks 30 Indices 13 Commodities Metals Energies 30 Crypto 150+ Futures |
| Currency Pairs | 55 | 100 | 70 |
| Min Lot Size | 0.01 | 0.01 | 0.01 |
| Platforms & Tools | |||
| Trading Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Mobile App | ✅ Yes | ✅ Yes | ✅ Yes |
| Copy Trading | ✅ Yes | ✅ Yes | ✅ Yes |
| Expert Advisors (EA) | ✅ Yes | ✅ Yes | ✅ Yes |
| VPS Hosting | ✅ Yes | ✅ Yes | ✅ Yes |
| API Access | ✅ Yes | ✅ Yes | ✅ Yes |
| Education | Webinars (23 languages) Video Tutorials Trading Academy XM Live Sessions Seminars | Trading Academy Video Tutorials Webinars Market Analysis Trading Glossary | Axi Academy eBooks Video Tutorials Webinars Blog MT4 Tutorials |
| Account & Support | |||
| Account Types | Micro Standard Ultra Low Zero Shares Islamic Demo | Standard Standard Cent Pro Raw Spread Zero Islamic Demo | Standard Pro Elite Islamic Demo |
| Payment Methods | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller UnionPay WebMoney Apple Pay Google Pay | Credit/Debit Cards (Visa Mastercard) Bank Wire Skrill Neteller Perfect Money Crypto (Bitcoin USDT) | Credit/Debit Cards (Visa Mastercard) Bank Wire PayPal Skrill Neteller FasaPay Crypto (Bitcoin) Perfect Money |
| Withdrawal Speed | Same day (e-wallets), 2-5 days (cards/bank wire) | Instant (e-wallets/crypto), 1-3 business days (cards/bank wire) | 1-3 Days (bank wire), Instant (PayPal, e-wallets) |
| Support Hours | 24/5 Live Chat, Email, Phone | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
XM
Exness
Axi