Comparison of NPBFX and XM
| Feature | NPBFX | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2016 | 2009 |
| Broker Type | STP | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | MISA, Financial Commission (Category A) | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:1000 |
| Minimum Deposit | $10 | $5 |
| Base Currencies | USD, EUR, RUB | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Visa, MasterCard, WebMoney, Skrill, Neteller, Qiwi, YooMoney, FasaPay, Bank Transfer (SEPA/SWIFT), Local Bank Transfer, Cryptocurrencies | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | ✖ | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Financial Commission Compensation Fund | Investor Compensation Fund (ICF) |
| Protection Size | €20000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Forex, Metals, Energies, Indices, Shares, ETFs, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | NPBFX Review | XM Review |
About NPBFX
NPBFX is a long-standing STP broker founded in 1996. Traders can access 100+ instruments - 38 FX pairs plus metals, oil, indices, equities and crypto - with leverage up to 1:1000 and spreads from 0.4 pips. The broker is a Category A member of The Financial Commission, ensuring negative-balance protection and a €20 000 compensation fund, and supports copy trading via its own NPB Invest hub and ZuluTrade.
Pros
- Low $10 entry on the Master account
- Leverage up to 1:1000 with negative‑balance protection
- Spreads from 0.4 pips, no commission on Master
- Copy trading via NPB Invest & ZuluTrade
- €20 000 compensation fund (FinCom Category A)
Cons
- No tier‑1 regulation (offshore licences only)
- High deposit for Expert & VIP accounts
- Only MetaTrader 4 platform (no MT5 or cTrader)
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
NPBFX & XM Regulation
| Feature | NPBFX | XM |
|---|---|---|
Companies | NMarkets Limited | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | Comoros | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | MISA, Financial Commission (Category A) | BFSC, CySEC, ASIC, DFSA |
Investor Protection | Financial Commission Compensation Fund | Investor Compensation Fund (ICF) |
Investor Protection Size | €20000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | NPBFX | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
STP Account | ||
| Account Name | Master | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.8 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | Standard Cent | Micro |
| Min Deposit | $10 | $5 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.8 | 1.6 |
| Fee | No | No |
| Max Leverage | 1:1000 | 1:1000 |
| Stop Out | 20% | 20% |
| Margin Call | 100% | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | NPBFX | XM |
|---|---|---|
Base currencies | USD, EUR, RUB | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Visa, MasterCard, WebMoney, Skrill, Neteller, Qiwi, YooMoney, FasaPay, Bank Transfer (SEPA/SWIFT), Local Bank Transfer, Cryptocurrencies | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $15 after 12 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | NPBFX | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 100 ms | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | NPBFX | XM |
|---|---|---|
Currencies | 38 | 55 |
Indices | 11 | 50 |
Stocks | 62 | 1307 |
Cryptocurrencies | 5 | 58 |
Bonds | 0 | 0 |
Metals | 2 | 3 |
Energies | 3 | 3 |
Soft Commodities | 0 | 8 |
ETFs | 2 | 0 |
Education and Analytics
| Feature | NPBFX | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | NPBFX | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
| No Deposit Bonus | ||
| Is available | ||
| Size | $100 | — |
| Details | Learn More | — |
Contests
| Feature | NPBFX | XM |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
| — |
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
- Trader's BattleStart Balance: $5000 · Prize Pool: $1000 + iPhone 16 Pro · Period: MonthlyLearn More
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | NPBFX | XM |
|---|---|---|
Email | client.payments@nmarkets.org | support@xm.com |
Phone | +448000698470 | +5012236696 |
Facebook | — | |
LinkedIn | — | |
YouTube | — | YouTube |
Instagram | — | |
Twitter | — | |
TikTok | — | TikTok |
Which Broker is Better?
After comparing NPBFX and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.