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Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.
In the fast-paced world of forex trading, choosing the right broker is crucial. XM and Infinox are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between XM and Infinox across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated XM and Infinox, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, XM earned a higher trust rating than Infinox.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that XM has overall lower trading costs than Infinox.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Infinox and XM offer copy trading.
A broader range of CFD instruments provides more trading opportunities. XM offers a greater variety of instruments compared to Infinox:
For those interested in trading cryptocurrencies, XM offers 60 cryptocurrencies, while Infinox offers 43 cryptocurrencies. Therefore, XM is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that Infinox charges a withdrawal fee and XM does not. Overall, XM has better deposit and withdrawal processes than Infinox.
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
XM has better educational support than Infinox. Both Infinox and XM offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that XM offers better research analysis than Infinox and that both Infinox and XM offer frequent webinars.
A popular global broker with a large customer base and a good reputation, XM has some of the lowest fees in the industry, provides excellent research and education, and has a beginner-friendly trading app. It also has an outstanding range of trading tools and its customer service is responsive and well-trained.
XM’s account structure is designed to accommodate a variety of trading strategies and experience levels, featuring four accounts with a minimum deposit starting from 5 USD. The Ultra Low Account offers spreads as tight as 0.6 pips on EUR/USD without commission, ensuring cost-effective trading. However, XM’s leverage, peaking at 1000:1, requires cautious management due to the amplified risk of significant losses. Traders will also appreciate XM’s comprehensive range of trading tools, copy trading service, and generous bonus scheme. Finally, XM’s educational offerings are top-tier and aimed at enhancing the trading skills of beginners and seasoned traders alike.
With two low-cost accounts, a good range of Forex pairs, excellent market analysis materials, and good trading tools, INFINOX is a decent all-around broker.
INFINOX offers traders the choice of a commission-free STP account or a commission-based ECN account, both with a minimum deposit of 1 USD (or currency equivalent). Trading costs range between9 - 9.5 USD per lot traded, much lower than average for the industry. Trading is available on both the MT4 and MT5 platforms, and INFINOX also offers a great social trading app, especially good for beginners starting their trading careers.
However, we were unhappy with the lack of transparency regarding deposits and withdrawals and were also disappointed by non-responsive customer support and INFINOX’s weak FAQ section.
For more detailed reviews, please read our comprehensive assessments of XM and Infinox.
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Broker | Overall Rating Our overall rating evaluates brokers on platform quality, fees, service, regulation, and instruments. Higher scores reflect better performance and reliability. | Official Site Click to visit the broker’s official website for more information and to open an account. | Min. Deposit The minimum amount of money required to open an account with this broker. | Min. Spread | Trading Cost | Licenced by Displays the financial regulators licensing the broker, shown by national flags, ensuring compliance with financial standards for safer trading. | Accepts Traders from %s | Compare Select two brokers using the checkboxes to compare their features, fees, platforms, and more side by side. |
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 | USD 0 | 0 pips | USD 7 |   | jp, es, us, ca | |||
 | USD 3 | 0.10 pips | USD 7 |    | at, be, bg, cy, cz, de, dk, ee, el*, es, fi, fr, hr, hu, ie, it, lt, lu, lv, mt, nl, pl, pt, ro, se, si, sk, us, ca, au, nz, il, iq, sy, ir, kp, my, ye, sg, pr, gu | |||
 | USD 0 | 0 pips | USD 10 | | jp, be, el, lt, pt, bg, es, lu, ro, cz, fr, hu, si, dk, hr, mt, sk, de, it, nl, fi, ee, cy, at, se, ie, lv, pl | |||
| USD 5 | 0.60 pips | USD 6 | | us, es, ca, ir, il | |||
 | USD 100 | 0.90 pips | USD 9 |     | es, be, cu, ir, kp, sy, us, nz, ru, by, lb, ye, im, uk, je, gg, af, dz, iq, ps, in | |||
 | USD 100 | 1 pips | USD 10 |  | jp, es | |||
 | USD 100 | 0.40 pips | USD 14 | | es | |||
 | USD 100 | 0 pips | USD 6 | | jp, es | |||
 | USD 200 | 0.10 pips | USD 8 | | jp, es | |||
 | USD 0 | 0.80 pips | USD 7 |  | us, es |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
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