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Compare ChoiceTrade vs XM


Online brokers compared for fees, trading platforms, safety and more. See how ChoiceTrade stacks up against XM!

ChoiceTrade vs XM
overall rating
4.1 / 5.0
4.4 / 5.0
overall pros
  • Commission-free stock trading
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • High non-trading fees
  • Not user-friendly deposit and withdrawal
  • Limited product portfolio
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee
fees
4 stars
  • Low trading fees
  • Commission-free stock trading
  • High non-trading fees
4 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
5 stars
  • Fully digital account opening
  • User-friendly
5 stars
  • Fast account opening
  • Fully digital account opening
  • Very low minimum deposit
deposit and withdrawal
1 stars
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
  • Not user-friendly withdrawal
5 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • Quick funding and withdrawal -within 3 days
  • $15 fee for withdrawals less than $200
web trading platform
2 stars
  • Clear fee report
  • Good variety of order types
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Wide variety of languages
  • No two-step (safe) login
  • No price alerts
  • Does not look nice
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
  • No price alerts
4 stars
  • User-friendly
  • Looks nice
  • Available in several languages
  • No two-step (safe) login
desktop trading platform
3 stars
  • Clear fee report
  • Good variety of order types
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
  • No price alerts
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safe) login
  • Does not look nice
markets and products
1 stars
  • Stock
  • ETF
  • Options
1 stars
  • Forex
  • CFD
  • Crypto
research
3 stars
  • Analyst recommendations for stocks, bonds, etc.
  • Data on asset fundamentals
  • Good quality news flow
  • Limited interactive charting
  • Not user-friendly
3 stars
  • Many technical-based analyzes
  • Great economic calendar
  • No fundamental data available
  • Missing news
customer service
4 stars
  • Phone support
  • Relevant answers
  • No live chat
4 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • Missing 24/7
  • Sometimes irrelevant answers
education
3 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Hard to navigate
  • Poor production quality
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Missing written education content
  • Regulated by top tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Stock and options traders aiming for low trading fees and focusing on the US market Forex and CFD traders looking for MetaTrader platforms and low trading fees