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
4.4
4.3
overall pros
  • Fast and straightforward account opening
  • Good technical research tools
  • High-quality educational content
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product portfolio
  • High bank withdrawal fees
  • No two-step authentication on trading platforms
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
3.7
  • Low trading fees
  • Low CFD fees
  • Inactivity fee after one year
3.8
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
  • Slower than at most forex brokers
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.0
  • Credit/Debit card available
  • No deposit fee
  • Free credit/debit card withdrawal
  • High bank withdrawal fees
  • No minor account base currencies are accepted
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
3.3
  • Good search function
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
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
3.0
  • User-friendly
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • No two-step (safer) login
  • No price alerts
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  • Outdated design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
1.6
  • Forex
  • CFD
  • Crypto
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
4.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • No fundamental data available
4.5
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
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
  • Parent company is listed on stock exchange
  • Negative balance protection in the EU
  • Non-EU customers are not covered by negative balance or investor protection
  • 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 easy account opening, funding and withdrawal Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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