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MGX foundation vs XM

Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.

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Safer pick XM leads on safety — winning 4 of 6 trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
MGX foundation Forex
54/100 risk
🇨🇾 Cyprus
Read review →
XM Forex
27/100 risk
🇨🇾 Cyprus
Read review →
Safety & Trust
Scam-risk score lower = safer
54
27
Verdict
Elevated
Guarded
Regulated
No
Yes
Licenses
0
6
Tier-1 regulators
0
2
Trustpilot score
3.2
2.2
Reviews collected
1
3179
Exit risk lower = safer
Severe
Known clones
0
10
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$2
$5
Max leverage
1:400
1:1000
Min spread (best acct)
from 0.6
Commission
Cost grade
A
Account types
5
4
Best for
Suits
High-net-worth traders seeking very high leverage, Traders comfortable with unregulated environments, Experienced investors with large capital willing to take elevated risk
Traders who prioritize regulatory oversight and are willing to accept potential delays, Experienced traders who can navigate KYC and support hurdles
Not for
Beginner or retail traders with limited capital, Traders who require regulatory protection and fund segregation, Anyone prioritising transparency and established track record
Traders who require fast, reliable withdrawals, Beginners who may be overwhelmed by account blocks and support issues, Traders seeking transparent fee structures
Products & Funding
Instruments
--
Currency pairs (major, minor and exotic), stock CFDs, CFDs on cryptocurrencies, commodities, turbo stocks, precious metals, thematic indices
Deposit methods
--
--
Withdrawal
--
--
Execution
Speed
AAA
Slippage
AAA
Swap cost
A
Company
Founded
2025-07-24
2017-09-11
Headquarters
🇨🇾 Cyprus
🇨🇾 Cyprus
Employees
0
0

✓ = stronger value on that row · good · caution · weak · "—" = not yet collected. Independent scoring, never for sale.

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