Basic data of broker
Recommended for Investors and traders from Europe interested in global markets
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Low stock and ETF fees but high forex, options and futures fees
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Deposit and withdrawal
Proof of identity: passport, ID card, driver's license Proof of address: bank statement, utility bill, registration certificate, credit card bill
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Markets and products
Disclaimer: 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
€20,000 for EEA residents, no protection for others
USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong, Singapore
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
ARMO Broker's service is on par with XM's and a comparison of their fees shows that ARMO Broker's fees are slightly higher than XM's.
Account opening takes considerably more effort at ARMO Broker compared to XM, deposit and withdrawal processes are more complicated at ARMO Broker, while customer service quality is somewhat lower than XM's.
Our experts rated the trading platform of ARMO Broker as being of the same quality as the platform of XM, found that clients have access to much more markets and products with ARMO Broker, while XM provides somewhat lower-quality research and education.