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Compare Interactive Brokers vs XM


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

Interactive Brokers vs XM
overall rating
4.8 / 5.0
4.4 / 5.0
overall pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee
fees
4 stars
  • Low trading fees
  • Transparent fee structure
  • Inactivity fee
4 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
3 stars
  • Fully digital
  • No minimum deposit for most accounts
  • Slow
  • Not user-friendly
  • Confusing messages throughout the process
5 stars
  • Fast
  • Fully digital
  • Very low minimum deposit
deposit and withdrawal
2 stars
  • Several account base currencies
  • No charge for the first withdrawal each month
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
5 stars
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
  • $15 fee for withdrawals less than $200
web trading platform
4 stars
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Wide variety of languages
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4 stars
  • Two-step (safer) login
  • Good search function
  • Innovative functions (e.g. chatbot)
  • Not user-friendly
4 stars
  • User-friendly
  • Modern design
  • Available in several languages
  • No two-step (safer) login
desktop trading platform
3 stars
  • Good variety of order types
  • Two-step (safer) login
  • Price alerts
  • Not user-friendly
  • Poor search function
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
markets and products
5 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
  • Crypto
research
4 stars
  • Quality news flow
  • Good set of analytical tools
  • Fundamental data available
  • Not user-friendly
3 stars
  • Many technical-based analyzes
  • Great economic calendar
  • No fundamental data available
  • Missing news
customer service
4 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Email ticketing looks like from the 90's
4 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • Missing 24/7
  • Sometimes irrelevant answers
education
5 stars
  • Demo account
  • Educational videos
  • Good production quality
  • Courses only available to members
5 stars
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Missing written education content
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a 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 Traders who prefer low fees and a professional trading environment Forex and CFD traders looking for MetaTrader platforms and low trading fees