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Compare FXTM vs XM


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

FXTM vs XM
overall rating
4.2 / 5.0
4.4 / 5.0
overall pros
  • Superb customer service
  • Great educational tools
  • Digital and fast account opening
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • High stock CFD fees
  • Inactivity and withdrawal fees
  • Limited product portfolio
  • Only CFDs, forex, cryptos for Europeans
  • Average forex fees
  • Inactivity fee
fees
4 stars
  • Low fees for stock index CFDs
  • Low EURCHF and EURGBP fees
  • High stock CFD fees
4 stars
  • Low CFD fees
  • No withdrawal fee
  • Inactivity fee
  • Average FX fees
account opening
5 stars
  • Fast
  • Fully digital
  • User-friendly
5 stars
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4 stars
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
  • Most of the withdrawal options have a fee
5 stars
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Free wire withdrawal for more than $200 withdrawals
web trading platform
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
  • Outdated design
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4 stars
  • User-friendly
  • Good search function
  • Price alerts
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Outdated design
  • Search function could be improved
markets and products
2 stars
  • Forex
  • CFD
  • Crypto
3 stars
  • Stock
  • Forex
  • CFD
  • Crypto
research
4 stars
  • Quality news flow
  • User-friendly
  • Technical analysis-based trading ideas
  • No fundamental data available
4 stars
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
5 stars
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4 stars
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 phone support
education
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Negative balance protection
  • Regulated by top-tier FCA
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • 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 familiar with the MetaTrader 4 platform Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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