Compare Rakuten Securities vs XM


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

Rakuten Securities vs XM
overall rating
3.6
4.3
overall pros
  • Low fees
  • Easy and fast account opening
  • Good mobile trading platform
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product portfolio
  • Missing web trading platform
  • Poor customer service
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
4.0
  • Low trading fees
  • Low forex fees
  • No inactivity fee
  • High withdrawal fee for international bank transfers and electronic wallets
3.8
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
3.1
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
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
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • Available in several languages
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
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)
  • Price alerts
  • No two-step (safer) login
  • Poor design
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  • Outdated design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
1.2
  • Forex
  • CFD
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
1.5
  • Trading ideas
  • No fundamental data available
  • No/poor quality news flow
4.5
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
0.5
  • No 24/7 support
  • Slow support
  • Irrelevant answers
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company is listed on stock exchange
  • No investor protection
  • No negative balance 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 low fees and for those who prefer the MetaTrader 4 trading platform Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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