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
4.4
4.4
overall pros
  • Low forex fees
  • Great variety of currency pairs
  • Diverse technical research tools
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product portfolio
  • High stock CFD fees
  • Non-user-friendly desktop platform
  • Only CFDs, forex, cryptos for Europeans
  • Average forex fees
  • Inactivity fee
fees
4.1
  • Low forex fees
  • No withdrawal fee
  • Low stock index CFD fees
  • Inactivity fee
  • High stock CFD fees
3.8
  • Low CFD fees
  • No withdrawal fee
  • Inactivity fee
  • Average FX fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Relatively slow account verification
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Problem with credit card withdrawal
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Free wire withdrawal above $200
web trading platform
4.3
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
  • Outdated design
mobile trading platform
4.3
  • 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 Touch/Face ID login
  • No order confirmation
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • No two-step (safer) login
  • Poor design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Outdated design
  • Search function could be improved
markets and products
1.9
  • Forex
  • CFD
  • Crypto
2.9
  • Stock
  • Forex
  • CFD
  • Crypto
research
3.8
  • Good interactive chart
  • Trading ideas
  • High-quality market reports
  • No fundamental data available
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
3.9
  • Live chat
  • Great telephone support
  • 24-hour support Sunday to Friday
  • No 24/7 support
  • Poor email support
3.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 phone support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company 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 Forex traders looking for low fees and great research tools Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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