Barclays vs XM, Updated for 2024
Barclays Rating
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XM Rating
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Your capital is at risk |
77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Barclays vs XM Guide |
Read our In-Depth Barclays vs XM Review - 2024 Update
This comprehensive analysis of Barclays and XM has been revised for 2024 from seasoned professionals with extensive expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Barclays vs XM does not apply to all countries as follows:
Barclays 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 Barclays vs XM
All trading platforms will have some advantages and disadvantages, and any comprehensive analysis of Barclays vs XM would not be complete without adopting a fair assessment.
Compare XM and Barclays in order to understand just how they compare to one another prior to you decide to make an account. Conducting a comprehensive comparison helps to bring aspects into perspective to ensure that you are cognizant of the expectations.
So you are looking for a reputable broker and are choosing between Barclays or XM. Who is better in 2024?
Our Barclays vs XM comparison contains the most recent information so you can easily compare XM against Barclays.
If you're a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept at all the concepts of brokerage since you keep trading. For starters, you have to choose the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. Barclays and XM are two such trading platforms which will take you along with your investment to great heights. It is important to compare Barclays vs XM until you trust them with your money.
Our Barclays vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Barclays and XM side by side.
Our full Barclays vs XM Review covers all you need to learn about trading using either Barclays or XM. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your broker before you choose them. It's a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
Barclays and XM are both brokers which have paved their way successfully into the broker world. Within this review, we have attempted to collate some of the vital aspects of both Barclays and XM. This review will allow you to understand whether either XM or Barclays is a good match for your own investments or not. We have attempted to breakdown all the features and charges for your advantage.
Benefits of Barclays and XM Compared
Barclays offers a minimum deposit of $0 while XM offers a $5 minimum deposit.
Why smaller minimum deposits are good and how Barclays 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.
Barclays allows you to trade around 41 financial instruments whilst XM has around 41 on their platform.
The more instruments you can trade on the Barclays and XM trading 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 Barclays or XM.
Barclays and XM Contact Details
Being able to contact a broker simply is vital. Barclays and XM have the following contact details and social medias that you can use.
Broker | Barclays | XM |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
Barclays Twitter Account | XM Twitter Account | |
Barclays Facebook Page | XM Facebook Page | |
Barclays Instagram Account | XM Instagram Account | |
Barclays LinkedIn Page | XM LinkedIn Page | |
YouTube | Barclays YouTube Channel | XM YouTube Channel |
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XM and Barclays 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.
This part of comparing Barclays and XM will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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?
Barclays vs XM - Awards
Broker | Barclays | XM |
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Awards | At the time of writing this Barclays review, and despite Barclays’s impressive offering, the company has surprisingly not garnered any awards to date. |
XM have won many industry awards over the time they have been running as an online trading platform. We detail the most recognised awards for XM below.
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Barclays vs XM - Frequently Asked Questions
Barclays vs XM - Headquarters And Year Of Founding
Barclays was founded in 2011 and has its head office in United Kingdom.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or Barclays
The minimum deposit for Barclays is $0.
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 Barclays and XM are a good choice.
Barclays vs XM - Regulation And Licencing In More Detail
Barclays is regulated by Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both Barclays and XM have a powerful collection of rules for ensuring honest trading on their individual platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Barclays vs XM Commission And Fees
Barclays and XM are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither Barclays or XM charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees billed by Barclays and XM are relatively greater. Consequently, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This Barclays vs XM review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Barclays And XM
What Languages Do Barclays And XM Support?
Being able to talk easily with your online broker is a key part of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both Barclays and XM offer communication in.
How Many Clients Do Barclays and XM Have?
Both Barclays and XM are well established with their client base. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers Barclays and XM are working with
Broker | Barclays | XM |
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Clients / Users | 10,000+ | 3,500,000+ |
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What Payment Methods Do Barclays and XM Accept?
Barclays 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 Barclays and XM
What Can You Trade With Barclays and XM?
Barclays offers 41 trading instruments and XM offers 100.
Below you will find a full breakdown of what both Barclays and XM offer.
Barclays Review
Barclays vs XM:
Table Of Contents
- Compare Barclays vs XM
- Benefits of Barclays and XM Compared
- XM and Barclays Mobile App Comparison
- Barclays vs XM - Awards
- Barclays vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or Barclays
- Barclays vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For Barclays And XM
- What Languages Do Barclays And XM Support?
- How Many Clients Do Barclays and XM Have?
- What Payment Methods Do Barclays and XM Accept?
- What Can You Trade With Barclays and XM?