AvaTrade vs XM, Updated for 2024
Read our In-Depth AvaTrade vs XM Review - 2024 Update
This AvaTrade vs XM review has been updated for 2024 by seasoned professionals with extensive expertise in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of AvaTrade vs XM does not apply to all countries as follows:
AvaTrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare AvaTrade vs XM
Each trading platforms will have some advantages and disadvantages, so any comprehensive AvaTrade and XM review cannnot be regarded as thorough without embracing an objective perspective.
Examine XM and AvaTrade to understand the way these platforms line up to one another before you choose to create an account. Conducting a comprehensive comparison will bring aspects in perspective so that you remain aware of what to expect.
So you are looking for a reputable broker and are choosing between AvaTrade or XM. Who is better in 2024?
Our AvaTrade vs XM comparison contains the most recent information so you can easily compare XM against AvaTrade.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all the concepts of broker since you continue trading. For starters, you need to select the ideal broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. AvaTrade and XM are two such companies which will take you along with your investment to great heights. It is crucial to compare AvaTrade vs XM before you trust them with your cash.
Our AvaTrade vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust AvaTrade and XM side by side.
Our full AvaTrade vs XM Review covers all you will need to learn about trading with either AvaTrade or XM. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
AvaTrade and XM are both brokers that have paved their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital facets of both AvaTrade and XM. This review will allow you to know whether either XM or AvaTrade is a good match for your own investments or not. We've attempted to breakdown all of the features and charges for your advantage.
Benefits of AvaTrade and XM Compared
AvaTrade offers a minimum deposit of $250 while XM has a $5 minimum deposit.
Why smaller minimum deposits are good and how AvaTrade and XM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
AvaTrade allows you to trade around 250 financial instruments while XM allows you to trade around 250 available.
The more financial instruments you can trade on the AvaTrade and XM platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of AvaTrade or XM.
AvaTrade and XM Contact Details
Being able to contact your broker easily is vital. AvaTrade and XM have the following contact details and social medias that you can use.
Broker | AvaTrade | XM |
---|---|---|
Telephone Number | +353 76 680 3327 | +357 250 29933 |
cs@avatrade.com | support@xm.com | |
Address | Ul. Postpu 15, Warsaw, Masovian Voivodeship 02-676, PL | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
AvaTrade Twitter Account | XM Twitter Account | |
AvaTrade Facebook Page | XM Facebook Page | |
AvaTrade Instagram Account | XM Instagram Account | |
AvaTrade LinkedIn Page | XM LinkedIn Page | |
YouTube | AvaTrade YouTube Channel | XM YouTube Channel |
Find Out More |
|
|
XM and AvaTrade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of AvaTrade and XM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
AvaTrade vs XM - Awards
Broker | AvaTrade | XM |
---|---|---|
Awards | At the time of writing this AvaTrade review, and despite AvaTrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
XM have won numerous industry awards over the time they have been operating as an online broker. We detail the most notable awards for XM below.
|
Find Out More |
|
|
AvaTrade vs XM - Frequently Asked Questions
AvaTrade vs XM - Headquarters And Year Of Founding
AvaTrade was founded in 2006 and has its headquaters in The British Virgin Islands.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or AvaTrade
The minimum deposit for AvaTrade is $250.
The minimum deposit for XM is $5.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both AvaTrade and XM are a good choice.
AvaTrade vs XM - Regulation And Licencing In More Detail
AvaTrade is regulated by Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both AvaTrade and XM have a powerful collection of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare AvaTrade vs XM Commission And Fees
AvaTrade and XM are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these cases, you are spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people who are charged when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither AvaTrade or XM charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who often trade, for example weekly or daily trading.
But, non-trading fees billed by AvaTrade and XM are comparatively competitive. Consequently, you are charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't related to the sale and purchase of assets.
This AvaTrade vs XM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For AvaTrade And XM
What Languages Do AvaTrade And XM Support?
Being able to chat easily with your trading broker is a key element when comparing brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading online.
Here you can find the languages that both AvaTrade and XM support.
How Many Clients Do AvaTrade and XM Have?
Both AvaTrade and XM are well established with their customer base. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many users AvaTrade and XM are active on their platform
What Payment Methods Do AvaTrade and XM Accept?
AvaTrade and XM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at AvaTrade and XM
What Can You Trade With AvaTrade and XM?
AvaTrade offers 250 trading instruments and XM offers 100.
Below you will find a full breakdown of what both AvaTrade and XM offer.
AvaTrade Review
AvaTrade vs XM:
Table Of Contents
- Compare AvaTrade vs XM
- Benefits of AvaTrade and XM Compared
- XM and AvaTrade Mobile App Comparison
- AvaTrade vs XM - Awards
- AvaTrade vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or AvaTrade
- AvaTrade vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For AvaTrade And XM
- What Languages Do AvaTrade And XM Support?
- How Many Clients Do AvaTrade and XM Have?
- What Payment Methods Do AvaTrade and XM Accept?
- What Can You Trade With AvaTrade and XM?