Compare Robinhood vs XM


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

Robinhood vs XM
overall rating
4.6
4.4
overall pros
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Limited product range
  • Weak customer support
  • Few educational materials
  • Only CFDs, forex, cryptos for Europeans
  • Average forex fees
  • Inactivity fee
fees
4.7
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
  • High margin rate
3.8
  • Low CFD fees
  • No withdrawal fee
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
2.8
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Free wire withdrawal above $200
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
  • Outdated design
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Outdated design
  • Search function could be improved
markets and products
2.4
  • Stock
  • ETF
  • Options
  • Crypto
2.9
  • Stock
  • Forex
  • CFD
  • Crypto
research
3.6
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
3.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 phone support
education
1.5
  • Quality educational texts
  • No 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
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • 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 Beginners and buy-and-hold investors focusing on the US stock market Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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