Best XM Alternatives 2026
Top forex brokers similar to XM with low deposits, excellent education, and generous promotions.
Written by
Marcus Thompson
Fact Checked by
Sarah Chen
Top 10 XM Alternatives
XM is known for low minimum deposits, comprehensive education, and strong customer service. If you're seeking alternatives with similar accessibility, we've identified brokers matching XM's strengths in education, deposit requirements, and global accessibility.
Why look for XM alternatives?
Traders may seek alternatives for lower spreads, different platforms, specific regional support, or to access features XM doesn't offer like copy trading or cTrader.
XM Comparison
How each broker compares to XM.
| Broker | ||
|---|---|---|
| Exness | Lower deposit ($1), tighter spreads | Lower deposit ($1), tighter spreads |
| HFM | Similar education, copy trading | Similar education, copy trading |
| FXTM | Strong education, similar deposits | Strong education, similar deposits |
| AvaTrade | Better education, AvaProtect | Better education, AvaProtect |
| Axi | Tighter spreads, protools | Tighter spreads, protools |
| RoboForex | ECN focus, copy trading | ECN focus, copy trading |
| ThinkMarkets | ThinkTrader, raw spreads | ThinkTrader, raw spreads |
| OctaFX | Similar accessibility, copy trading | Similar accessibility, copy trading |
| FBS | Lower deposit ($1), high leverage | Lower deposit ($1), high leverage |
| Deriv | Synthetic indices, low deposit | Synthetic indices, low deposit |
Detailed Broker Analysis
Lower deposits, tighter spreads.
Exness beats XM on deposits ($0 vs $5) and spreads (0.0 vs 0.6 pips). Instant withdrawals and more currency pairs.
Similar model with copy trading.
HFM offers similar accessibility to XM with added copy trading features. Zero spread accounts available.
Matched education quality.
FXTM matches XM's educational excellence with webinars, articles, and market analysis. Similar deposit requirements.
Superior education, AvaProtect.
AvaTrade offers arguably better education than XM, plus unique AvaProtect risk management. Higher minimum deposit.
Professional tools, raw spreads.
Axi offers tighter spreads than XM (0.0 vs 0.6) with advanced tools like Autochartist and PsyQuation.
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January 2026