Forex.com
XM
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders looking for low fees and great research tools
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
USA
Cyprus
Fees
Low trading and average non-trading fees, low forex fees
Average trading and non-trading fees, low CFD fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
7
10
Deposit type
Withdrawal type
Account opening
$100
$5
1-3 days
1 day
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / credit card statement
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 73% 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.
Research, education
Great
Mid-range
Customer service
Security
£85,000 for clients under FCA, CAD 1 million for clients under IIROC, no investor protection for other clients
€20,000 for EEA residents, no protection for others
2001
2009
USA, UK, Canada, Japan, Cayman Islands, Cyprus, Hong Kong, Singapore, Australia
Cyprus, Australia, Belize, United Arab Emirates
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
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.
Forex.com's service is on par with XM's and a comparison of their fees shows that Forex.com's fees are slightly higher than XM's.
Account opening takes somewhat more effort at Forex.com compared to XM, deposit and withdrawal processes are somewhat more complicated at Forex.com, while customer service quality is lower than XM's.
Our experts rated the trading platform of Forex.com as being of the same quality as the platform of XM, found that clients have access to about the same number of markets and products with Forex.com, while XM provides just about the same quality of research and education.