Comparison of XM and Zulutrade
| Feature | XM | Zulutrade |
|---|---|---|
| Broker | ||
| Year Founded | 2009 | 2007 |
| Broker Type | MM | Social |
| Dealing | B-book | A-book |
| Execution | Market | Market |
| Regulation | BFSC, CySEC, ASIC, DFSA | HCMC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | ZuluTrade Web Trader, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:500 |
| Minimum Deposit | $5 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF | USD, EUR, GBP, JPY, CHF |
| Funding Methods | 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 | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, crypto deposits (via supported brokers) |
| Inactivity Fee | $15 after 12 months | ✔ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✔ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Commodities, ETFs |
| Review | XM Review | Zulutrade Review |
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
About Zulutrade
Zulutrade is a social trading platform that connects investors with signal providers across multiple brokers. Users can follow and automatically copy top-performing traders, with advanced filtering tools, risk metrics, and portfolio management. Regulated in Europe and Japan, Zulutrade offers support for both retail and professional clients through brokers such as AAAFx and others, integrating with MT4, MT5, and ZuluTrade WebTrader.
Pros
- Wide range of signal providers with performance metrics
- Supports multiple brokers including AvaTrade, IC Markets, and Tickmill
- Regulated in EU with investor protection
- Advanced risk management and portfolio tools
- Mobile apps and web trader interface available
Cons
- Performance depends heavily on selected signal providers
- Complex fee structure (volume-based commissions from follower accounts)
- Limited educational materials compared to some competitors
- Copy-trading requires careful manual optimization
- Some brokers may have limited asset coverage
XM & Zulutrade Regulation
| Feature | XM | Zulutrade |
|---|---|---|
Companies | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited | FINVASIA Group company, ZuluTrade International Limited, ZuluTrade Group of Companies |
Countries | Belize, Cyprus, Australia, United Arab Emirates | Cyprus, Greece |
Regulators | BFSC, CySEC, ASIC, DFSA | HCMC |
Investor Protection | Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | XM | Zulutrade |
|---|---|---|
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 | — | ZuluTrade Account |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.4 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
Cent Account | ||
| Account Name | Micro | — |
| 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% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | XM | Zulutrade |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF | USD, EUR, GBP, JPY, CHF |
Deposit and withdrawal methods | 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 | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, crypto deposits (via supported brokers) |
Inactivity fee | $15 after 12 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | XM | Zulutrade |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | ZuluTrade Web Trader, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 0 ms | 5 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | XM | Zulutrade |
|---|---|---|
Currencies | 55 | 70 |
Indices | 50 | 15 |
Stocks | 1307 | 1000 |
Cryptocurrencies | 58 | 20 |
Bonds | 0 | 0 |
Metals | 3 | 4 |
Energies | 3 | 3 |
Soft Commodities | 8 | 5 |
ETFs | 0 | 50 |
Education and Analytics
| Feature | XM | Zulutrade |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | XM | Zulutrade |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | 100%, up to $5000 | — |
| Details | Learn More | — |
Contests
| Feature | XM | Zulutrade |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List |
| — |
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | XM | Zulutrade |
|---|---|---|
Email | support@xm.com | support@zulutrade.com |
Phone | +5012236696 | +302130117499 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | TikTok | TikTok |
Reddit | — |
Which Broker is Better?
After comparing XM and Zulutrade, 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.