- Max leverage
- 2,000:1
- Min deposit
- No minimum
- Bonus
- None
XS.com vs M4Markets: Which Broker Is Better?
Short answer
Pick XS.com for lower trading costs: it publishes an average EUR/USD spread of 1.1 pips on Standard and 0.1 pips plus $6 round turn on Elite, with no minimum deposit on its 1000:1 accounts. Pick M4Markets if you want a bonus (50% on every deposit, up to $10,000) and higher leverage on small positions (5000:1 up to 1 lot). Both have cent accounts and negative balance protection, and both serve international clients through a Seychelles-licensed company.
- Max leverage
- 5,000:1
- Min deposit
- $5
- Bonus
- 50% deposit bonus
Comparison table
| Feature |  XS.com |  M4Markets |
|---|---|---|
| Max leverage | 2,000:1 | 5,000:1 |
| Min deposit | No minimum | $5 |
| Bonus | No deposit bonus listed | 50% credit bonus on each deposit, up to $10,000 |
| Account types | 5 types | 5 types |
| Platforms | MT4 / MT5 / XS Trading App | MT4 / MT5 |
| Licence | FSA Seychelles SD089 | FSA Seychelles SD035 |
| Bonus offered | ✗ | ✓ |
| No-deposit bonus | None | None listed publicly |
| Deposit bonus | None | 50% credit bonus on every deposit to a verified account, c… |
| Negative balance protection | ✓ | ✓ |
| Stop-out level | 20% | 20% |
| USD/JPY spread | 1.3 pips | 2.25 pips |
| EUR/USD spread | 1.1 pips | 1.6 pips |
| EUR/USD spread (low-spread account, no commission) | 0.7 pips | No such account |
| Gold spread | 20 pips | 25.8 pips |
| USD/JPY spread (raw account) | 0.2 pips | 0.65 pips |
| EUR/USD spread (raw account) | 0.1 pips | 0.4 pips |
| Commission (per lot, round turn) | 6 | 7 |
| Withdrawal time | Typically processed within 24 hours, including weekends | Usually processed within 24 working hours |
| Deposit & withdrawal methods | Bank transfer, Visa/Mastercard, Skrill, Neteller and local… | Bank transfer |
| ECN account | ✓ | ✓ |
| Cent account | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| EAs allowed | ✓ | ✓ |
| Copy trading | ✓ | ✓ |
| Swap-free | ✓ | ✓ |
| Crypto CFDs | ✓ | ✓ |
| Stock CFDs | ✓ | ✓ |
| Local-language support | ✓ | ✓ |
| Rebates and loyalty | XS Trading Miles: miles from trading, redeemable for cash | Loyalty programme: points set your tier |
The short answer
Same regulator, opposite pitches. XS.com competes on cost: tight published average spreads and a cheap raw account, with loyalty rewards instead of a bonus. M4Markets competes on extras: a 50% bonus on every deposit and very high leverage on small positions. Both are documented well enough to compare properly.
1. Trading costs
Both brokers publish average EUR/USD spreads, which makes this a fair comparison. On the standard accounts, XS.com shows 1.1 pips and M4Markets 1.6 pips: a 0.5-pip gap is $5 per standard lot traded, every time. On the raw accounts, XS Elite averages 0.1 pips plus $6 round turn, while M4Markets Raw Spread averages 0.4 pips plus a $7 commission whose basis (per side or round turn) isn’t stated. On the raw accounts XS Elite comes out cheaper on both spread and commission. See lowest-spread brokers, XS spreads and M4Markets spreads.
2. Bonus versus loyalty
M4Markets: 50% credit on each deposit to a verified account, up to $10,000, converting to cash as you trade. XS.com: no deposit bonus listed; its Trading Miles programme earns miles redeemable for cash as you trade. For a high-volume trader the cost difference above may be worth more than a bonus; for a small account the bonus margin can matter more. Bonus comparison.
3. Leverage and minimum deposit
XS.com’s dynamic leverage reaches 2000:1 on FX majors, minors and gold at low equity or lot size, and its 1000:1 accounts have no minimum deposit. M4Markets’ Dynamic Leverage account gives 5000:1 on FX majors up to 1 lot, from $5. Both reduce leverage as exposure grows. Stop-out at XS.com is 20% (margin call 40%) on Standard and Elite; M4Markets is 20% on Standard and Cent, 30% on Dynamic and 40% on Raw Spread and Premium. High-leverage brokers.
4. Accounts
Both run five accounts with a cent account at the bottom: XS.com has Cent, Micro, Standard, Pro and Elite, plus Copy accounts; M4Markets has Cent, Standard, Dynamic Leverage, Raw Spread and Premium. Both offer swap-free options and crypto CFDs. Cent account brokers.
5. Licence and withdrawals
XS.com’s global site is operated by XS Ltd, Seychelles FSA SD089; the group’s ASIC and CySEC licences belong to other companies. M4Markets’ international clients deal with Trinota Markets (Global) Ltd, Seychelles FSA SD035. Both state negative balance protection. XS.com says withdrawals are typically processed within 24 hours, including weekends, with no XS fee; M4Markets says within 24 working hours, with a 3% fee if you withdraw without trading. Seychelles FSA guide.
Verdict by trader type
- Active trader focused on cost: XS.com
- Wants a bonus: M4Markets
- Maximum leverage on tiny positions: M4Markets
- No-minimum start at 1000:1: XS.com
- Weekend withdrawal processing: XS.com
Frequently asked questions
Which is cheaper to trade, XS.com or M4Markets?
On published averages, XS.com: EUR/USD 1.1 pips on Standard versus 1.6 pips on M4Markets Standard. On raw accounts, XS Elite shows 0.1 pips plus $6 round turn; M4Markets Raw Spread shows 0.4 pips plus a $7 commission whose basis isn't stated.
Does XS.com have a bonus?
No deposit bonus is listed. XS.com runs a Trading Miles loyalty programme instead, with miles redeemable for cash. M4Markets pays a 50% credit bonus on each deposit, up to $10,000.
Which has higher leverage?
M4Markets: 5000:1 on FX majors up to 1 lot. XS.com: up to 2000:1 on FX majors, minors and gold at low equity or lot size; its 1000:1 accounts have no minimum deposit.
Which company would I sign with?
XS.com's global site is operated by XS Ltd, licensed by the Seychelles FSA (SD089). M4Markets' international clients deal with Trinota Markets (Global) Ltd, Seychelles FSA SD035.
