XMTrading vs Defcofx
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, XMTrading currently holds a lower overall rating (4.3) compared to Defcofx (4.5).
XMTrading has a lower minimum deposit, at 5.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
XMTrading offers a minimum lot size of 0.1 and a maximum lot size of 100.0, while Defcofx offers 0.01 and 2.0.
XMTrading offers a lower maximum leverage of 1:1000, whereas Defcofx allows trading with up to 1:2000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5.0 | 50.0 |
| Commission | - | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 100.0 | 2.0 |
| Spread | Variable | - |
| Broker type | Market Maker | STP, ECN |
| Maximal leverage (1:?) | 1000 | 2000 |
| Availability | Market Maker | STP, ECN |
| Regulation | FSA (Seychelles), FSC (British Virgin Islands) | - |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XMTrading App | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Multiple local methods, Sticpay | Bitcoin, Multiple local methods, USDT |
| Account Currency | USD, EUR, JPY | USD, GBP, EUR |
| Languages | English, Japanese, Russian, Malay, Thai, Vietnamese, Korean | English, French, German, Greek, Hebrew, Arabic, Hungarian, Dutch, Bulgarian, Czech, Norwegian, Danish, Finnish, Traditional Chinese, Cebuano, Afrikaans |
| Country | Seychelles | Saint Lucia |
| Trading platform(s) timezone | Seychelles | Saint Lucia |
| Other trading instruments | Indices, Commodities, Energies, Precious Metals | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
