## BingX vs XM | Thorough comparison
Both BingX and XM are popular overseas brokers among Japanese traders. The difference lies in their focus: BingX is a comprehensive exchange supporting cryptocurrencies and TradFi, while XM is a broker specializing in Forex. Compare their specifications, costs, and support to choose the broker that best suits your needs
### Basic Specifications Comparison
| Item | BingX | XM |
|——|——-|—–|
| Maximum Leverage | 150x (Futures) / 500x (TradFi) | 1000x |
| Financial License | US MSB / Canadian MSB / Australian DCE / Lithuania MTR | CySEC / ASIC / IFSC / DFSA |
| Trading Tools | Proprietary Platform / TradingView Integration | MT4 / MT5 |
| Zero Cut | Implemented | Implemented |
| Japanese Support | Yes | Yes (24 hours) |
| Products | Cryptocurrency (Spot / Futures / Copy Trading) / TradFi (Forex / Gold / Crude Oil / Stocks / Indices) | FX / Precious Metals / Energy / Stock CFD / Cryptocurrency |
### Fee Comparison
| Item | BingX | XM |
|——|——-|—–|
| Futures/FX Commission | Maker 0.02% / Taker 0.05% | Spread System (depending on account type) |
| Deposit Fee | Free | Free |
| Withdrawal Fee | Varies by currency and network | Free |
### Account Type Comparison
**BingX Account Types**
| Account Type | Features | Maximum Leverage |
|———–|——|————–|
| Spot Account | Spot trading of cryptocurrencies (over 500 types) | 1x |
| Futures Account | Futures trading of cryptocurrencies | 150x |
| TradFi Account | Foreign exchange, gold, crude oil, stocks, indices | 500x |
**XM Account Types**
| Account Type | Features |
|———–|——|
| Standard Account | Commission-free, for general use |
| Micro Account | For small-amount trading |
| KIWAMI Account | Low spreads, swap-free |
| Zero Account | Commission-based, extremely narrow spreads |
### Who should use BingX?
– **For those who want to trade mainly cryptocurrencies** (over 500 types of spot trading + futures up to 150x leverage)
– **For those who want to utilize professional strategies with copy trading**
– **For those who want to trade both cryptocurrencies and traditional assets together with TradFi** (forex, stocks, gold, etc.)
– **For those who prioritize asset security with 100% proof of reserve (PoR)**
### Who should XM be recommended for?
– Those whose main focus is **FX trading** and who want to use MT4/MT5
– Those who want to take advantage of **abundant bonuses** (account opening bonus + deposit bonus)
– Those who are attracted to the low spreads + swap-free **KIWAMI account**
– Those who value **long operating history** and comprehensive Japanese support
### Both options are eligible for cashback if accessed via Moneychat
If you open an account through MoneyChat, you can receive cashback from both BingX and XM. Whichever broker you choose, you'll get a portion of your trading costs reimbursed, making it a great deal
### summary
BingX excels in cryptocurrency trading and copy trading, and also covers traditional financial instruments with TradFi support. XM specializes in FX trading, and its MT4/MT5 environment and generous bonuses are attractive features. **Opening accounts with both through MoneyChat and comparing them in person is one approach.**
**Risk Warning**: Cryptocurrency trading involves risks. Please invest only with funds you can afford to lose
