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Compare FXCM vs XM


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

FXCM vs XM
overall rating
4.3 / 5.0
4.4 / 5.0
overall pros
  • Low trading fees and financing rates
  • Good technical research tools
  • Fast and straightforward account opening
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product portfolio
  • Poor mobile platform
  • Poor desktop trading platform
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee
fees
4 stars
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
  • Transparent fee structure
  • Inactivity fee
4 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Account opening takes several days
5 stars
  • Fast account opening
  • Fully digital account opening
  • Very low minimum deposit
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • Slow funding and withdrawal - over 3 days
  • Withdrawal fee for bank transfer can be high
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
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safe) login
  • Setting alerts is complicated
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
2 stars
  • Good variety of order types
  • Order confirmation
  • Not user-friendly
  • No two-step (safe) login
  • Poor search function
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)
  • Available in several languages
  • Not user-friendly
  • No two-step (safe) login
  • Setting alerts is not a piece of cake
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
  • Good set of analytical tools
  • No fundamental data available
3 stars
  • Many technical-based analyzes
  • Great economic calendar
  • No fundamental data available
  • Missing news
customer service
5 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • No 24/7
4 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • Missing 24/7
  • Sometimes irrelevant answers
education
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Missing written education content
  • Regulated by top tier financial authority
  • Negative balance protection
  • £85,000 FSCS protection for European clients
  • 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 easy account opening, funding, and withdrawal processes Forex and CFD traders looking for MetaTrader platforms and low trading fees