Compare Fidelity vs XM


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

Fidelity vs XM
overall rating
4.8
4.3
overall pros
  • Solid research tools
  • Great web trading platform
  • US and international stocks
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Not fully digital account opening
  • High mutual fund fees
  • High financing rates
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
4.1
  • Low non-trading fees
  • Free stock and ETF trading
  • Some mutual funds are free
  • High fund fees
  • Higher fees for non-free mutual funds
3.8
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
2.9
  • No minimum deposit
  • User-friendly
  • Not fully digital
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
3.8
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
  • $10 for outgoing wire transfers
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be better
markets and products
3.9
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Robo-advisory
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
3.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • News flow quality could be better
4.5
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.9
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Slow live chat
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Additional coverage by Fidelity
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Investors and traders looking for solid research and great trading platforms Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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