- Max leverage
- 1,000:1
- Min deposit
- $5
- Bonus
- 100% deposit bonus
XM vs XS.com: Which Broker Is Better?
Short answer
Pick XS.com if you want a cent account to practise on or leverage above 1000:1 (up to 2000:1 with a $500 minimum deposit). Pick XM if you want a deposit bonus and a $5 start. XS.com is cheaper to trade (EUR/USD around 1.1 pips against 1.6) and pays out within 24 hours. Both have negative balance protection and offshore licences: XM Global in Belize, XS Ltd in Seychelles (FSA SD089).
- Max leverage
- 2,000:1
- Min deposit
- No minimum
- Bonus
- None
Comparison table
| Feature |  XM |  XS.com |
|---|---|---|
| Max leverage | 1,000:1 | 2,000:1 |
| Min deposit | $5 | No minimum |
| Bonus | 100% deposit bonus | No deposit bonus listed |
| Account types | 3 types | 5 types |
| Platforms | MT4 / MT5 / XM App | MT4 / MT5 / XS Trading App |
| Licence | FSC Belize | FSA Seychelles SD089 |
| Bonus offered | ✓ | ✗ |
| No-deposit bonus | None listed publicly | None |
| Deposit bonus | 100% deposit bonus | None |
| Negative balance protection | ✓ | ✓ |
| Stop-out level | 20% | 20% |
| USD/JPY spread | 1.5 pips | 1.3 pips |
| EUR/USD spread | 1.6 pips | 1.1 pips |
| EUR/USD spread (low-spread account, no commission) | 0.6 pips | 0.7 pips |
| Gold spread | 35 pips | 20 pips |
| USD/JPY spread (raw account) | No such account | 0.2 pips |
| EUR/USD spread (raw account) | No such account | 0.1 pips |
| Commission (per lot, round turn) | No such account | 6 |
| Withdrawal time | Processed instantly or same day | Typically processed within 24 hours, including weekends |
| Deposit & withdrawal methods | Bank wire, credit/debit cards, Skrill, Neteller | Bank transfer, Visa/Mastercard, Skrill, Neteller and local… |
| ECN account | ✗ | ✓ |
| Cent account | ✗ | ✓ |
| Scalping allowed | ✓ | ✓ |
| EAs allowed | ✓ | ✓ |
| Copy trading | ✓ | ✓ |
| Swap-free | ✓ | ✓ |
| Crypto CFDs | ✓ | ✓ |
| Stock CFDs | ✓ | ✓ |
| Local-language support | ✓ | ✓ |
| Rebates and loyalty | XM loyalty programme: 7–16 XM Points per lot by status, re… | XS Trading Miles: miles from trading, redeemable for cash |
The short answer
XM is the simpler choice with a bonus; XS.com has the wider account range, higher leverage and lower costs. Both name the offshore company that holds your money: XM Global Limited in Belize and XS Ltd in Seychelles.
1. Leverage
XM Global offers up to 1000:1 and says it holds that level during news. XS.com offers up to 1000:1 with no minimum deposit and up to 2000:1 on accounts with a $500 minimum. XS.com’s leverage is dynamic: the bigger the position, the lower the leverage. Don’t plan margin off the headline; use the margin calculator.
2. Account range
XS.com runs five accounts in two tiers: Cent, Micro and Standard (Preferred) and Pro and Elite (Professional). XM Global has Standard and Ultra Low ($5 minimum each) plus a Shares account ($10,000). If you want to start on a cent account and move up later, XS.com covers that path. See cent account brokers.
3. Bonus
XM Global offers a 100% deposit bonus, and the bonus can’t be withdrawn. XS.com has no deposit bonus; its XS Trading Miles loyalty scheme pays miles you can redeem for cash. Compare on the bonus comparison.
4. Licence and protection
XM Global Limited is licensed by FSC Belize (8557558) and states negative balance protection on all accounts.
The XS group lists licences from ASIC, CySEC, FSA, FSCA, LFSA and FSC, each held by a separate company; www.xs.com is operated by XS Ltd under Seychelles FSA licence SD089, and its help centre says accounts can’t go negative. A group holding an ASIC licence doesn’t mean your account is covered by ASIC rules. Belize is also an offshore licence with limited protection, so in both cases keep deposits to what you can afford to lose. How to check: safest brokers and the licence guide.
5. Swap-free and extras
Both offer swap-free trading: XM Global includes an Islamic option on every account, and XS.com has dedicated swap-free accounts. Both offer crypto products. XM adds copy trading, competitions and a refer-a-friend scheme; XS.com offers an XS Mastercard.
Verdict by trader type
- Wants a cent account: XS.com
- Wants more than 1000:1: XS.com
- Wants a deposit bonus: XM
- Wants lower costs and fast withdrawals: XS.com
- Swap-free trader: either
Frequently asked questions
Which has higher leverage, XM or XS.com?
XS.com goes up to 2000:1 on accounts with a $500 minimum deposit, and 1000:1 with no minimum. XM Global goes up to 1000:1. XS.com uses dynamic leverage, so larger positions get less.
Does XM have a cent account?
XM Global's accounts are Standard, Ultra Low and Shares; none is described as a cent account. XS.com has a dedicated Cent account.
XS.com lists ASIC and CySEC licences. Is it safer than XM?
Not necessarily. Those licences belong to different XS group companies. www.xs.com is operated by XS Ltd under a Seychelles FSA licence (SD089), an offshore licence like XM Global's in Belize.
Which offers a bonus?
XM Global offers a 100% deposit bonus. XS.com has no deposit bonus; it runs the XS Trading Miles loyalty scheme, with miles redeemable for cash.