Author:Rankly Research Team·Research Team
Reviewer:Sarah Mitchell, Senior Editor·Senior Editor
Last updated:2026-05-30
Testing date:May 2026
MethodologyEditorial Policy
HomeCompareEC Markets vs XM
ECMARKETS

EC Markets

4.4

ASIC, VFSC

Min Deposit

$50

Spreads

0.0 pips

Verified
Emerging-market CFD traders
Read Full EC Markets Review
VS

Side-by-Side

XM logo

XM

4.7

CySEC, ASIC

Min Deposit

$5

Spreads

0.6 pips

Verified
Beginner-friendly CFD trading education and promotions
Read Full XM Review

EC Markets vs XM: Which CFD Broker is Better in 2026?

Independent side-by-side comparison of EC Markets and XM — spreads, regulation, fees, withdrawal speed, trading platforms, account types, and which broker suits your trading style. Not investment advice.

Risk Warning

Trading CFDs involves risk. Your capital is at risk. Always compare regulation, fees, withdrawal conditions, and platform transparency before depositing. This information is for educational and comparison purposes only — not investment advice.

ECMARKETS

EC Markets — Key Points

Verified
Strong regional focus on APAC, MENA, and Africa with local payment support
Competitive raw spreads from 0.0 pips on ECN account
ASIC regulated — trusted Australian regulatory oversight
Smaller brand recognition compared to Exness, XM, or IC Markets
No proprietary trading platform — relies on MT4/MT5
XM logo

XM — Key Points

Verified
Industry-leading free trading education: webinars, video tutorials, and trading courses
No-deposit welcome bonus available in eligible countries
Very low $5 minimum deposit on Standard and Micro accounts
Spreads on Standard account slightly higher than ECN competitors
Stock CFD range smaller than some competitors

Full Side-by-Side Comparison

Feature
E

EC Markets

Top Pick
Overview
Best ForEmerging-market CFD tradersBeginner-friendly CFD trading education and promotions
Founded20142009
RegulationASIC, VFSCCySEC, ASIC
Trading Conditions
Spreads From0.0 pips0.6 pips
Min Deposit$50$5
Max Leverage1:5001:1000
Raw Commission$6/RT (ECN)$3.50/lot (Zero)
Platforms
MetaTrader 4
MetaTrader 5
cTrader
Proprietary PlatformXM App
Mobile App
Markets
Forex Pairs50+ pairs55+ pairs
Gold Trading
Oil Trading
Indices12 indices25+ indices
Stock CFDsLimited1,300+ CFDs
Crypto CFDs15+ CFDs30+ CFDs
Accounts
Account TypesStandard, ECN, IslamicMicro, Standard, XM Zero
Islamic Account
Demo Account
Deposits & Payments
Payment MethodsCard, Wire, Skrill, Neteller, Local BankCard, Wire, Skrill, Neteller, PayPal
Withdrawal Time1-3 daysSame day (e-wallets)
Deposit FeesNoneNone
Promotions
No-Deposit Bonus
Deposit Bonus
Cashback Program
Support & Education
Customer Support24/5 regional24/5 30+ languages
Education ResourcesBasicExtensive (webinars, courses)
Languages8+30+
Best For
Emerging-market CFD tradersEmerging market traders in APAC, MENA, and Africa
Beginner-friendly CFD trading education and promotionsBeginner traders who want education and low minimums
Not Suitable For
Traders who require a proprietary mobile app with advanced featuresTraders seeking a wide range of stock and ETF CFDs
Traders who need ultra-tight ECN spreads for scalpingUS retail clients
Risk Level
Verified
Verified
Review Score
4.4
4.7
Full Review

Category Verdicts

Spreads
EC MarketsLower spread entry costs
Min Deposit
XMMore accessible to beginners
Rating
XMHigher overall review score
Platform Range
XMMore platform options
Market Range
EC MarketsMore tradeable markets

Overall Edge: XM

XM wins 3 out of 5 categories in this comparison. However, the best broker for you depends on your trading style, country, and preferred platform. Read both full reviews before opening an account.

* Category verdicts are editorial comparisons only. Not investment advice.

E
EC Markets

Best For

Emerging-market CFD tradersEmerging market traders in APAC, MENA, and AfricaGold and commodity CFD traders

Not Suitable For

Traders who require a proprietary mobile app with advanced featuresTraders seeking a wide range of stock and ETF CFDs
X
XM

Best For

Beginner-friendly CFD trading education and promotionsBeginner traders who want education and low minimumsBonus-seeking traders in eligible jurisdictions

Not Suitable For

Traders who need ultra-tight ECN spreads for scalpingUS retail clients

EC Markets vs XM — FAQ

EC Markets has a minimum deposit of $50, while XM requires $5. XM is generally more accessible for beginners in terms of entry capital. Both offer demo accounts for practice trading.

Disclaimer: This EC Markets vs XM comparison is for educational and informational purposes only. It does not constitute investment advice or a recommendation to open an account with either broker. CFD trading involves significant risk of loss. Always verify broker information on their official websites.

Data Sources

Live account testingBroker official websitesRegulatory databases

Affiliate Disclosure

Rankly may receive compensation when you click on links to trading platforms and open an account. This does not influence our independent editorial ratings, rankings, or reviews. We only recommend platforms that meet our strict quality standards. See our full affiliate disclosure for more details.

Risk Warning

CFD trading involves a high risk of losing money rapidly due to leverage. Between 60–80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money. This content is for educational purposes only and does not constitute investment advice. See our full risk warning.