XM and RCG Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. XM is regulated by 5 regulatory authorities , including the ASIC, CySEC, DFSA, FSCA, FSC in Belize (Global). On the other hand, RCG Markets is regulated by 3 regulatory authorities , including the SEC, FINRA, and FCA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare XM with RCG Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if XM is better than RCG Markets. This comparison lets you understand which broker is better for your trading style and preferences.
XM vs RCG Markets: In a Nutshell
XM
Founded in 2009, XM is a forex and CFD broker that offers online trading services globally. It provides access to over 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, and shares. The broker is regulated by multiple reputable regulatory authorities, including FSC, ASIC, CySEC, DFSA, and FSCA. The broker offers a full edition of the popular MT4 and MT5 platforms, which include numerous proprietary indicators. XM offers a maximum leverage of 1:1000 to its clients. It is a low-cost broker with spreads starting from as low as 0.6 pips. To learn more, you can read our review on XM.
XM Overview
- Founded In: 2009
- Founder: Constantinos Cleanthous
- Headquarters: Limassol, Cyprus.
- Trading Instruments: 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, shares
- Minimum Deposit: $5 for Micro, Standard, Ultra low accounts, and $10,000 for share accounts
- Maximum Leverage: up1000:1 for Standard, Micro, and Ultra-low accounts, No leverage for share account
- Regulations: FSC, ASIC, CySEC, DFSA, FSCA
- Trading platform: MT4, MT5, XM trading apps
- Spreads: As low as 0.6pips
- Account Types: Standard, Micro, Ultra-low, Share accounts
- Trading Styles: Allows all trading styles including scalping, news trading, copy trading, EA trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Neteller, Skrill
- Funding Currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR
- US Traders: Not Accepted
RCG Markets
Established in 2018, RCG Markets is a South Africa-based forex and CFD broker that offers online trading services. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. The broker offers a wide range of trading instruments including forex, indices, shares, commodities, and energies. The broker provides access to the MT4 platform with competitive spreads and commissions.
- Founded In: 2018
- Minimum Deposit: R100
- Maximum Leverage: 1:3000
- Regulations:SEC, FINRA, and FCA
- Trading platform: MT4, MT5
- Account Types: Classic, Raw, ECN, Royal100
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, BitPay, bitwallet, ecoPayz, ePayments, FasaPay, Help2Pay, Neteller, Payfinder, Skrill, SticPay, TransfterMate, TroniPay, UnionPay, Uphold
- US Traders: Not Accept
XM vs : RCG Features
XM:
- Trading Instruments: 1000+ including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Turbo Stocks CFDs, Metals CFDs, Energies CFDs
- Maximum leverage: up to 1000:1
- Minimum Deposit: $5 or Equivalent
- Account Types: Micro, Standard, Ultra Low, Shares Accounts
- Fees: Starting from 0.6 in Ultra-low account, 1 Pips for standard account, and 1 Pips for Micro account
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
RCG Markets
- Trading Instruments: A wide range of trading instruments including Forex, Indices, Shares, Commodities, and Energies.
- Maximum Leverage: The maximum leverage of RCG Markets is as high as 2000:1. However, leverage may vary based on tradable assets and account types
- Minimum Deposit: The minimum deposit of RCF markets is as low as R50
- Account Types: Four ( RCG Classic Account, RCG RAW, RCG ECN Account, ROYAL 100)
- Trading Fees: Spread starting from 1.5 pips for the RCG Classic Account and RCG Royal Account; commission of $7 for the RCG ECN Account. No commission and no spread for the RCG Raw Account
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
XM vs RCG Markets: Pros and Cons
XM
- Regulated by CySEC, ASIC, DFSA in UAE, and FSC Belize.
- Easy and fast account opening
- Minimum deposit is $5
- Over 1000 forex/CFDs are available for trading.
- MT4 and MT5 are the available trading platforms.
- Quality research, market analysis, and access to trading tools like Autochartist.
- Quality training for newbies and ‘ultra-low micro account’ for beginners.
- High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)
- Dormant fees are charged after 3 months of no account activity.
- Trading of real stocks is not available to European traders.
- Traders have no other choice apart from the MetaTrader platforms.
- Limited tradable assets.
- No passive investment services (social trading platform, PAMM accounts);
- Funding with PayPal is unavailable
RCG Markets
- Regulated by FSCA.
- Offers popular trading platform (MT4).
- The maximum leverage is as high as 2000:1.
- Allows EA trading, scalping, and News trading.
- Spreads starting from as low as 0 pips.
- Offers multiple account types.
- Provides ECN Executions.
- A wide range of trading instruments are offered including Forex, Indices, Shares, Commodities, and Energies.
- Lack of Regulatory Oversight (Only regulated by FSCA in South Africa).
- The demo account is only valid for 14 days.
- Limited Trading Platforms.
- Limited research and educational resources.
- No Social Trading Options.
XM vs RCG Markets: Side-by-Side Comparison
XM Vs RCG Markets: Our Scores and Ratings
We rated both brokers, XM and RCG Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
XM :
RCG Markets
Final Verdict :
XM and RCG Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for XM is $50., whereas the minimum deposit for RCG Markets is R100. Additionally, the maximum leverage for XM is 1:1000. In contrast, the maximum leverage for RCG Markets is up to 1:3000 . XM offers passive investment programs like MAM and PAMM, while RCG Markets does not have any passive investment programs.
Our score for XM is 9.3, and for RCG Markets, it is 7 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose XM. However, if you prefer another forex brokers that offer similar services, you may choose RCG Markets.
