XM
Zacks Trade
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees
Cyprus
USA
Fees
Average trading and non-trading fees, low CFD fees
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
10
20
Deposit type
Withdrawal type
Account opening
$5
$0
1 day
>3 days
Proof of identity: passport / national ID card / driver's license Proof of residency: bank statement / utility bill
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement
Trading platform
Markets and products
Disclaimer: 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Mid-range
Great
Customer service
Security
€20,000 for EEA residents, no protection for others
$500,000 ($250,000 cash limit) plus $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.
2009
1978
Cyprus, Australia, Belize, United Arab Emirates
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
XM's service is on par with Zacks Trade's and a comparison of their fees shows that XM's fees are similar to Zacks Trade's.
Account opening takes much less effort at XM compared to Zacks Trade, deposit and withdrawal processes are more seamless at XM, while customer service quality is somewhat better than Zacks Trade's.
Our experts rated the trading platform of XM as being of the same quality as the platform of Zacks Trade, found that clients have access to less markets and products with XM, while Zacks Trade provides just about the same quality of research and education.