Compare Tastyworks vs XM


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

Tastyworks vs XM
overall rating
4.7
4.4
overall pros
  • Low trading fees
  • Great educational materials
  • Good research tools
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Only US options, futures, and stocks
  • Deposit and withdrawal options limited
  • No demo account
  • Only CFDs, forex, cryptos for Europeans
  • Average forex fees
  • Inactivity fee
fees
4.4
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
3.8
  • Low CFD fees
  • No withdrawal fee
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
1.9
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Only one account base currency
5.0
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Free wire withdrawal above $200
web trading platform
3.4
  • Clear fee report
  • Price alerts
  • Order confirmation
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
  • Outdated design
mobile trading platform
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
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  • Outdated design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
  • Futures
2.9
  • Stock
  • Forex
  • CFD
  • Crypto
research
4.5
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
3.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 phone support
education
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
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 Options and futures traders focusing on US markets Forex and CFD traders who prefer MetaTrader platforms and seek low trading fees
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