XM Group vs FXTM: Which Broker is Better for Belarus Traders in 2026?
Which broker is better for Belarus traders in 2026? Expert analysis across 12 categories.
Quick Verdict — Belarus Traders
For Belarus traders looking for a reliable forex broker, XM Group and FXTM are two of the most popular choices in 2026. XM Group holds a strong 4.7/5 rating, while FXTM is rated 4.3/5, reflecting their respective strengths in trading conditions, regulation, and customer support. Both brokers accept Belarus clients and support local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals convenient. The local trading environment in Belarus is evolving, with increasing interest in forex trading among retail traders. XM Group is known for its tight spreads and extensive educational resources, while FXTM offers a robust platform with a focus on emerging markets. This comparison will help Belarus traders decide which broker aligns better with their trading style, whether they prioritize low costs, platform features, or regulatory protection. We analyze spreads, platforms, deposit options, regulation, and support specifically for Belarus traders.
Overall Scores Comparison
Trading Costs - Spreads & Commissions
| Instrument | XM Group | FXTM | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | FXTM |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | FXTM |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | FXTM |
| Standard acc spread | from 1.0 pips | from 0.8 pips | FXTM |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $5 | $200 | FXTM |
When comparing trading costs for Belarus traders, XM Group generally offers more competitive spreads. On its Micro account, spreads start from 1 pip on EUR/USD, while FXTM's Standard account begins at 1.2 pips. For higher-volume traders, XM Group's Zero account provides spreads from 0 pips with a $5 commission per lot, which can be cheaper than FXTM's ECN account with spreads from 0.1 pips and a $4 commission per lot. Over 100 lots traded monthly, XM Group can save Belarus traders approximately $50–$80 in spread costs. Both brokers have no hidden fees, but XM Group's lower spreads give it a clear advantage for cost-conscious traders in Belarus.
Account Types Comparison
| Account Type | XM Group | FXTM |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✓ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✓ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✓ |
| Min deposit | $5 | $200 |
Leverage Comparison - Belarus Traders
| Entity / Asset | XM Group | FXTM |
|---|---|---|
| Belarus (offshore) | Up to 1:1000 | Up to 1:3000 |
| Forex major pairs | 1:1000 | 1:3000 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Trading Instruments - Assets Available
| Asset Class | XM Group | FXTM | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | XM Group |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | XM Group |
| Crypto CFDs | 30+ | ✗ | XM Group |
| Stocks / Share CFDs | ✗ | ✗ | FXTM |
| ETFs | ✗ | ✗ | Tie |
Platforms Comparison
| Platform | XM Group | FXTM |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✓ |
| MetaTrader 5 (MT5) | ✓ | ✓ |
| cTrader | ✗ | ✗ |
| TradingView | ✗ | ✗ |
| Expert Advisors (EAs) | ✓ | ✓ |
| Scalping allowed | ✓ | ✓ |
| Hedging allowed | ✓ | ✓ |
Both XM Group and FXTM offer MetaTrader 4 and MetaTrader 5, the industry-standard platforms preferred by Belarus traders for their advanced charting and automated trading capabilities. XM Group also provides its proprietary XM WebTrader for browser-based trading, which is useful for traders without a dedicated device. FXTM offers its own FXTM Trader app for mobile trading, optimized for on-the-go access. For Belarus traders, the availability of MT4/MT5 ensures seamless compatibility with expert advisors and custom indicators. Both platforms are stable and fast, but XM Group's additional web platform gives it a slight edge in flexibility.
Execution Quality - Speed & Slippage
| Factor | XM Group | FXTM | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | FXTM |
| Avg execution speed | ~30ms | ~40ms | XM Group |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✓ | Tie |
| EA / Bot trading | ✓ | ✓ | Tie |
XM Group offers market execution with no requotes and an average execution speed of under 1 second, ensuring fast order processing for Belarus traders. FXTM also provides market execution with minimal slippage, but its average speed is slightly slower at around 1.5 seconds. For scalpers and high-frequency traders, XM Group's faster execution gives it a performance edge. Both brokers have no dealing desk intervention on ECN accounts, ensuring transparent trading conditions.
Regulation & Safety for Belarus Traders
| Safety Factor | XM Group | FXTM |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is a key consideration for Belarus traders. XM Group is regulated by multiple tier-1 authorities including the FCA (UK), CySEC (Cyprus), and ASIC (Australia), offering strong client protection through negative balance protection and investor compensation schemes. FXTM is regulated by CySEC, FCA, and the FSC (Mauritius), providing similar safeguards. Neither broker is directly regulated by the local financial regulator in Belarus, but both accept Belarus clients under international licenses. For Belarus traders, XM Group's additional ASIC regulation adds an extra layer of security, making it a more regulated choice overall.
Deposits & Withdrawals for Belarus
| Payment Method | XM Group | FXTM |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | Visa/Mastercard and e-wallets near-instant to 1-2 business days; bank wire several days | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. |
Belarus traders have multiple deposit and withdrawal options at both brokers. XM Group and FXTM accept Bank Transfer, Skrill, Neteller, and USDT TRC20. XM Group processes deposits via USDT TRC20 instantly with no fees, while FXTM also supports USDT TRC20 with similar speed. Bank transfers typically take 1–3 business days and may incur intermediary bank charges. For withdrawals, both brokers process e-wallet requests within 24 hours, while bank transfers can take 2–5 days. XM Group offers free withdrawals for the first 30 days, then a small fee, whereas FXTM charges a fee on withdrawals below a certain amount. USDT TRC20 is particularly popular among Belarus traders for its low cost and speed.
Islamic Accounts - Swap-Free for Belarus Muslims
| Islamic Account Feature | XM Group | FXTM |
|---|---|---|
| Swap-free available | ✓ | ✓ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both XM Group and FXTM offer Islamic (swap-free) accounts for Belarus Muslim traders who require Sharia-compliant trading. XM Group provides Islamic accounts on all account types (Micro, Standard, and Zero) with no swap fees on overnight positions, and no additional charges for holding positions beyond the swap period. FXTM offers Islamic accounts on its Standard and ECN accounts, but may charge a small administrative fee after a certain number of days. For Belarus traders seeking a purely swap-free experience, XM Group's Islamic account is more favorable due to its zero-fee policy.
Customer Support Comparison
| Support Feature | XM Group | FXTM | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✓ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | XM Group |
XM Group provides 24/5 multilingual customer support via live chat, email, and phone, with dedicated support for Russian-speaking traders, which is beneficial for Belarus clients. FXTM also offers 24/5 support in multiple languages, including Russian, with a local office presence in the region. XM Group's support is generally faster and more responsive, with an average response time of under 30 seconds via live chat. Both brokers offer comprehensive FAQs and educational resources in Russian.
Mobile App Comparison
| Mobile Feature | XM Group | FXTM | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | XM Group |
| Google Play rating | 4.3 stars | 4.2 stars | XM Group |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
Education & Research Tools
| Resource | XM Group | FXTM | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | 50+ videos | Tie |
| Webinars (live) | Weekly | Monthly | Tie |
| Economic calendar | ✓ | ✓ | Tie |
| Market analysis | Daily | Basic | XM Group |
Real User Reviews - Trustpilot
Pros & Cons of Each Broker
XM Group
FXTM
Who Should Use Which Broker? - Belarus Guide
Choose XM Group if you...
- Want lower spreads starting from 0.6 pips on major pairs
- Prefer faster execution under 1 second for scalping
- Need a wider range of account types including Zero and Micro
- Value ASIC regulation for added security
Choose FXTM if you...
- Prefer a broker with a local office presence in the region
- Need comprehensive educational resources in Russian
- Want a proprietary mobile app (FXTM Trader) for trading
- Are comfortable with slightly higher spreads for better support
FAQ - XM Group vs FXTM in Belarus
Final Verdict - Belarus 2026
For Belarus traders in 2026, XM Group emerges as the stronger choice with its higher 4.7/5 rating, lower spreads, faster execution, and more robust regulatory framework including ASIC oversight. Its support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20 makes deposits and withdrawals seamless. FXTM remains a solid alternative, especially for traders who value local support and educational content. However, XM Group's overall trading conditions and cost advantages give it the edge for most retail traders in Belarus. While neither broker is regulated by the local financial regulator, XM Group's multi-tier regulation provides greater client protection. We recommend XM Group for Belarus traders seeking a cost-effective and reliable trading experience.