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
4.9
4.3
overall pros
  • Low trading fees
  • Wide range of products
  • Many great research tools
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Complicated account opening process
  • Complex desktop trading platform
  • High inactivity fee
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
3.8
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
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
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
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  • Outdated design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
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
4.5
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.4
  • 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
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • 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 Traders looking for low fees and a professional trading environment Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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