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XM is a popular broker known for its low minimum deposits and wide range of account types, but there are many other great brokers in 2025 offering competitive features. Below, we explore the best alternatives to XM for traders looking for different options.
Vantage
Vantage is a top alternative to XM, offering Raw ECN accounts with spreads starting from 0.0 pips and highly competitive commissions. Vantage is perfect for day traders and professionals who prioritize fast execution and low trading costs. With access to MetaTrader 4 and 5, and no deposit or withdrawal fees, Vantage stands out as a strong competitor.
OctaFX
OctaFX is ideal for beginner traders, providing commission-free trading and an easy-to-navigate platform. With copy trading features and MetaTrader 4 and 5 support, OctaFX is a good choice for those new to the forex market. It also offers frequent promotions like deposit bonuses, making it attractive to those looking to maximize their initial capital.
IC Markets
IC Markets is one of the best brokers for scalpers and high-frequency traders, offering ECN-style accounts with very tight spreads and low commissions. It provides advanced trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader, making it a favorite for traders looking for low latency and fast order execution.
FXTM
FXTM provides a balance of low spreads, multiple account types, and copy trading features, making it a good alternative for both new and experienced traders. FXTM also offers extensive educational resources, including webinars and tutorials, which are perfect for traders seeking to improve their skills while trading forex and CFDs.
Interactive Brokers
For professional traders seeking access to global markets and a wide range of financial products, Interactive Brokers is an excellent choice. It offers low-cost trading across a variety of asset classes including stocks, options, futures, and forex. The Trader Workstation (TWS) platform is highly customizable, making it suitable for experienced traders who require advanced tools.
Exness
Exness is another strong alternative, particularly for traders looking for high leverage options and competitive pricing. With low spreads, flexible account types, and MetaTrader support, Exness is ideal for traders who need a mix of affordability and functionality. Its strong regulatory oversight and excellent customer service make it a reliable option in 2025.
IG
IG offers a wide range of tradable instruments and provides access to both MetaTrader 4 and its proprietary platform. With advanced charting tools and a user-friendly interface, IG is suitable for traders at all levels. It also boasts competitive spreads, particularly on forex pairs, making it an appealing alternative to XM for those seeking a larger market offering.
Avatrade
Avatrade stands out for its simplicity and access to automated trading systems. It offers platforms such as MetaTrader and the AvatradeGO mobile app, making it a good option for traders who prefer to trade on the go. Avatrade also provides a wide range of educational materials and commission-free trading, which is beneficial for beginner and intermediate traders.
CMC Markets
CMC Markets is highly regarded for its advanced trading tools and the variety of CFDs it offers. With access to a wide range of markets, including forex, indices, and commodities, CMC Markets caters to more experienced traders who need sophisticated charting tools. The broker also provides Next Generation, a powerful platform with great customizability.
Etoro
Etoro is famous for its social trading and copy trading features, making it ideal for beginner traders who want to follow successful investors. Etoro’s platform is highly intuitive, and it provides access to stocks, cryptocurrencies, and forex. While it has wider spreads than other brokers, its unique social trading capabilities make it a strong alternative for those who value community-driven trading.
Vantage, An Alternative to XM
For traders looking for a direct alternative to XM, Vantage is one of the top options available. With Raw ECN accounts, lower trading costs, and faster execution speeds, Vantage excels in areas where XM may fall short, particularly for professional traders and scalpers. Additionally, Vantage offers advanced trading tools, social trading features, and competitive spreads, making it a top alternative to XM in 2025.
