9 minute read
XM vs JustMarkets: A Comprehensive Comparison
Forex trading is a dynamic and competitive industry, and choosing the right broker can make or break your trading success. Two popular names in the forex and CFD trading space are XM vs JustMarkets. Both brokers offer a range of trading instruments, competitive spreads, and user-friendly platforms, but they cater to slightly different trader profiles. In this comprehensive comparison, we’ll dive deep into XM vs JustMarkets, analyzing their features, pros, cons, and key differences to help you decide which broker suits your trading style in 2025.
Whether you’re a beginner looking for low minimum deposits or an experienced trader seeking high leverage and advanced tools, this guide will provide actionable insights. Let’s explore the key aspects of XM vs JustMarkets, including regulation, fees, platforms, trading instruments, and more.
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Overview of XM vs JustMarkets
What is XM?
Founded in 2009, XM is a globally recognized forex and CFD broker headquartered in Cyprus. With over 10 million clients across 190 countries, XM is known for its reliability, extensive educational resources, and beginner-friendly accounts. The broker is regulated by top-tier authorities, including:
· ASIC (Australia)
· CySEC (Cyprus)
· DFSA (Dubai)
· FSC (Belize)
· FSCA (South Africa)
XM offers access to over 1,000 trading instruments, including forex, stocks, commodities, indices, and cryptocurrencies, all available on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. With a minimum deposit of just $5, XM is an excellent choice for new traders.
What is JustMarkets?
JustMarkets, established in 2012, is a newer player in the forex market but has quickly gained traction due to its low-cost trading environment and high leverage options. The broker operates under multiple regulatory bodies, including:
· CySEC (Cyprus)
· FSC (Mauritius)
· FSA (Seychelles)
· FSCA (South Africa)
JustMarkets provides trading on forex, metals, indices, energies, and cryptocurrencies, also through MT4 and MT5. With a minimum deposit of only $1, JustMarkets appeals to traders looking for affordability and flexibility, offering leverage up to 1:3000 for professional clients.
1. Regulation and Safety
Regulation is a cornerstone of trust in forex trading. Both XM vs JustMarkets are regulated, but their regulatory frameworks differ slightly.
XM Regulation
XM operates under multiple regulatory bodies, ensuring a high level of client fund protection and transparency. Its Tier-1 regulators, such as ASIC and CySEC, enforce strict standards, including segregated client funds and negative balance protection. XM’s global presence and long-standing reputation make it a safe choice for traders worldwide.
JustMarkets Regulation
JustMarkets is also regulated by reputable authorities, including CySEC and FSCA. However, its operations in Mauritius and Seychelles fall under less stringent Tier-3 regulators, which may concern some traders. Like XM, JustMarkets offers negative balance protection and segregates client funds, but its regulatory oversight is slightly less robust due to the inclusion of offshore jurisdictions.
Verdict
XM has a slight edge in regulation due to its stronger Tier-1 oversight. If safety and regulatory credibility are your top priorities, XM is the better choice. However, JustMarkets remains a reliable option for most traders.
2. Fees and Spreads
Trading costs, including spreads and commissions, directly impact your profitability. Let’s compare the fee structures of XM vs JustMarkets.
XM Fees
XM offers three account types: Micro, Standard, and Zero. The Micro and Standard accounts are commission-free, with spreads starting from 1.0 pip on major pairs like EUR/USD. The Zero account features tighter spreads (from 0.0 pips) but charges a $7 round-turn commission per lot, making it ideal for high-volume traders.
Non-trading fees are minimal, with no charges for deposits or withdrawals. However, an inactivity fee of $5 per month applies after 90 days of no trading activity.
JustMarkets Fees
JustMarkets also provides multiple account types: Standard, Pro, Raw Spread, and Standard Cent. The Standard and Standard Cent accounts are commission-free, with spreads starting from 0.3 pips. The Raw Spread account offers spreads from 0.0 pips with a $3.5 commission per lot, which is lower than XM’s Zero account.
JustMarkets is transparent about its fees, with no hidden charges. Like XM, it does not charge for deposits or withdrawals, but an inactivity fee may apply after a period of dormancy.
Spread Comparison
Here’s a quick look at average spreads for EUR/USD:
· XM Standard Account: 1.0–1.6 pips
· XM Zero Account: 0.0–0.3 pips (+ $7 commission)
· JustMarkets Standard Account: 0.3–1.0 pips
· JustMarkets Raw Spread Account: 0.0–0.3 pips (+ $3.5 commission)
Verdict
JustMarkets generally offers tighter spreads and lower commissions, especially on its Raw Spread account, making it more cost-effective for active traders. However, XM’s fee structure is competitive, particularly for beginners who prefer commission-free accounts.
3. Trading Platforms
Both brokers support the industry-standard MetaTrader 4 and MetaTrader 5 platforms, known for their robust charting tools, automated trading capabilities, and user-friendly interfaces.
XM Platforms
XM provides MT4 and MT5 across desktop, web, and mobile devices. Additionally, XM offers a WebTrader platform and a Social Trading feature, allowing users to copy trades from experienced traders. The platforms are highly customizable, supporting Expert Advisors (EAs), one-click trading, and advanced technical indicators.
JustMarkets Platforms
JustMarkets also offers MT4 and MT5 on multiple devices, with features like one-click trading, trailing stops, and pending orders. However, it does not provide a proprietary web platform or social trading, which may limit its appeal for traders seeking these options.
Verdict
XM takes the lead here due to its Social Trading feature and WebTrader platform, offering more flexibility for traders. JustMarkets’ platforms are solid but lack additional features beyond the standard MT4/MT5 offerings.
4. Leverage and Account Types
Leverage and account flexibility are crucial for tailoring your trading strategy.
XM Leverage and Accounts
XM offers leverage up to 1:1000 for non-EU clients (capped at 1:30 for EU retail clients due to ESMA regulations). Its account types include:
· Micro Account: Ideal for beginners, with a $5 minimum deposit and micro-lot trading.
· Standard Account: Suited for regular traders, with a $5 minimum deposit.
· Zero Account: Designed for advanced traders, with a $5 minimum deposit and low spreads.
JustMarkets Leverage and Accounts
JustMarkets provides some of the highest leverage in the industry, up to 1:3000 for professional clients (1:30 for EU retail clients). Its account types are:
· Standard Cent Account: Perfect for beginners, with a $1 minimum deposit and cent-based trading.
· Standard Account: Suitable for most traders, with a $1 minimum deposit.
· Pro Account: Offers tighter spreads, with a $100 minimum deposit.
· Raw Spread Account: Designed for scalpers, with a $100 minimum deposit.
Verdict
JustMarkets wins for leverage, offering up to 1:3000, which is ideal for high-risk traders. Its $1 minimum deposit also makes it more accessible. However, XM’s lower minimum deposit across all accounts and micro-lot trading options are better for cautious beginners.
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5. Trading Instruments
Diversity in trading instruments allows you to explore multiple markets.
XM Trading Instruments
XM offers over 1,000 instruments, including:
· Forex: 55+ currency pairs
· Stocks: CFDs on global stocks
· Commodities: Gold, silver, oil, etc.
· Indices: Major global indices
· Cryptocurrencies: Bitcoin, Ethereum, and more
· Energies: Crude oil, natural gas
· Shares: Individual company shares
JustMarkets Trading Instruments
JustMarkets supports a slightly smaller range of instruments, including:
· Forex: 60+ currency pairs
· Metals: Gold, silver
· Indices: Major global indices
· Cryptocurrencies: Bitcoin, Litecoin, etc.
· Energies: Oil
· Stocks: Limited stock CFDs
Verdict
XM offers a broader range of trading instruments, making it ideal for traders looking to diversify their portfolios. JustMarkets covers the essentials but falls short in stock CFDs and thematic indices.
6. Customer Support and Education
Quality support and educational resources are vital, especially for beginners.
XM Customer Support and Education
XM provides 24/5 multilingual support via live chat, email, and phone. Its educational resources are extensive, including:
· Daily webinars in 19 languages
· Video tutorials
· Market research reports
· Trading signals
· Economic calendar
XM’s live education sessions cover scalping, technical analysis, and market outlooks, making it a top choice for beginners and intermediate traders.
JustMarkets Customer Support and Education
JustMarkets offers 24/7 multilingual support, which is a slight advantage over XM’s 24/5 availability. However, its educational resources are less comprehensive, consisting of:
· Basic video tutorials
· Articles on trading basics
· Economic calendar
Some users have reported inconsistent support quality, with occasional delays in response times.
Verdict
XM excels in education, offering robust resources for traders of all levels. JustMarkets’ 24/7 support is a plus, but its limited educational content makes it less appealing for beginners.
Pros and Cons of XM vs JustMarkets
XM Pros
· Regulated by multiple Tier-1 authorities
· Low minimum deposit ($5)
· Extensive educational resources
· Social Trading feature
· Wide range of trading instruments
· Competitive spreads on Zero account
XM Cons
· Lower maximum leverage (1:1000)
· Inactivity fee after 90 days
· No 24/7 support
JustMarkets Pros
· Extremely high leverage (up to 1:3000)
· Ultra-low minimum deposit ($1)
· Tight spreads and low commissions
· 24/7 customer support
· Transparent fee structure
JustMarkets Cons
· Weaker regulatory oversight in some jurisdictions
· Limited educational resources
· No Social Trading feature
· Fewer trading instruments
Which Broker Should You Choose?
The choice between XM vs JustMarkets depends on your trading goals, experience level, and priorities.
Choose XM if:
· You’re a beginner or intermediate trader seeking comprehensive educational resources.
· You value strong regulation and client fund safety.
· You want access to Social Trading or a broader range of instruments.
· You prefer commission-free accounts with a low minimum deposit.
Choose JustMarkets if:
· You’re an experienced trader looking for high leverage (up to 1:3000).
· You prioritize low spreads and commissions.
· You want a $1 minimum deposit for maximum affordability.
· You need 24/7 customer support.
Conclusion
Both XM vs JustMarkets are reputable forex brokers with unique strengths. XM stands out for its robust regulation, extensive educational tools, and diverse trading instruments, making it ideal for beginners and diversified traders. JustMarkets shines with its ultra-low spreads, high leverage, and minimal deposit requirements, catering to cost-conscious and high-risk traders.
Before deciding, consider your trading style, budget, and long-term goals. It’s also wise to test both brokers with demo accounts to evaluate their platforms and execution speeds firsthand. Whichever you choose, both XM vs JustMarkets offer reliable environments for forex and CFD trading in 2025.
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