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Compare Forex.com vs XM


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

Forex.com vs XM
overall rating
4.3 / 5.0
4.4 / 5.0
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Superb technical research tools
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Not user-friendly desktop trading platform
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee
fees
3 stars
  • No withdrawal fee
  • Low financing rate
  • Inactivity fee
4 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
4 stars
  • Fully digital account opening
  • User-friendly
  • Many account types
  • Slow account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • Very low minimum deposit
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
  • Lengthy withdrawal - over 3 days
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
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safe) login
  • Bugs
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
4 stars
  • User-friendly
  • Looks nice
  • Available in several languages
  • No two-step (safe) login
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
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
  • Forex
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
  • Crypto
research
5 stars
  • Good interactive chart
  • Analyst recommendations for stocks, bonds, etc.
  • Good quality news flow
3 stars
  • Many technical-based analyzes
  • Great economic calendar
  • No fundamental data available
  • Missing news
customer service
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • Low-quality email support
4 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • Missing 24/7
  • Sometimes irrelevant answers
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
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
  • Parent company 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 Forex traders looking for great research tools and customer service Forex and CFD traders looking for MetaTrader platforms and low trading fees