IronFX vs XM, Who's The Best?
IronFX 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. |
IronFX vs XM Guide |
Read our In-Depth IronFX vs XM Review - Updated for 2024
Our comprehensive analysis of IronFX and XM has been refreshed to reflect any changes for 2024 from knowledgeable insiders with considerable financial experience in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of IronFX vs XM does not apply to all countries as follows:
IronFX 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 IronFX vs XM
Each online trading platforms will have some ups and downs, so any comprehensive review of IronFX and XM cannnot be regarded as thorough without embracing an objective perspective.
Assess XM and IronFX to get a better understanding of just how they compare against each prior to you choose to make an account. A comprehensive comparison can bring aspects in perspective in order that you are informed about what you should anticipate.
So you are looking for a professional broker and are choosing between IronFX or XM. Who is better in 2024?
Our IronFX vs XM comparison contains the most recent information so you can easily compare XM against IronFX.
If you're a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage since you keep trading. For starters, you need to select the right broker who'll be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. IronFX and XM are two such platforms that will take you along with your investment into great heights. It is crucial to compare IronFX vs XM before you trust them with your money.
Our IronFX vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IronFX and XM side by side.
Our full IronFX vs XM Review covers all you need to know about trading with either IronFX or XM. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully analyze your agent before you select them. It is a common misconception that all agents are exactly the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
IronFX and XM are both brokers that have forged their way successfully into the broker world. Within this review, we've tried to collate some of the important aspects of both IronFX and XM. This review will help you to understand whether either XM or IronFX is a good fit for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of IronFX and XM Compared
IronFX offers a minimum deposit of $500 while XM has a $5 minimum deposit.
Why smaller minimum deposits are good and how IronFX 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.
IronFX allows you to trade around 100 financial instruments while XM has around 100 financial instruments on their platform.
The more instruments you can trade on the IronFX 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 seriously do not want to miss out on a trading opportunity due to the limitations of IronFX or XM.
IronFX and XM Contact Details
Being able to contact a broker easily is a sign of a professional broker. IronFX and XM have the following contact details and social medias that you can use.
Broker | IronFX | 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 | |
IronFX Twitter Account | XM Twitter Account | |
IronFX Facebook Page | XM Facebook Page | |
IronFX Instagram Account | XM Instagram Account | |
IronFX LinkedIn Page | XM LinkedIn Page | |
YouTube | IronFX YouTube Channel | XM YouTube Channel |
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XM and IronFX Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IronFX and XM we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both 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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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?
IronFX vs XM - Awards
Broker | IronFX | XM |
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Awards | At the time of writing this IronFX review, and despite IronFX’s impressive offering, the company has surprisingly not garnered any awards to date. |
XM have won several industry awards over the time they have been operating as an online trading platform. We list the most notable awards for XM below.
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Find Out More |
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IronFX vs XM - Frequently Asked Questions
IronFX vs XM - Headquarters And Year Of Founding
IronFX was founded in 2010 and has its head office in Cyprus.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or IronFX
The minimum deposit for IronFX is $500.
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 IronFX and XM are a good option.
IronFX vs XM - Regulation And Licencing In More Detail
IronFX is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both IronFX and XM have a powerful collection of rules for ensuring honest trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IronFX vs XM Commission And Fees
IronFX and XM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of fees for this objective.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In these cases, you are paying a spread, financing speed, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you maintain a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither IronFX or XM charge high fees compared to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by IronFX and XM are comparatively higher. Consequently, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IronFX vs XM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IronFX And XM
What Languages Do IronFX And XM Support?
Being able to talk completely with your trading broker is a key part of comparing online brokers to find your perfect broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Here you can find the languages that both IronFX and XM offer communication in.
How Many Clients Do IronFX and XM Have?
Both IronFX and XM are well established with their customer base. It is really important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users IronFX and XM have
Broker | IronFX | XM |
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Clients / Users | 10,000+ | 3,500,000+ |
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What Payment Methods Do IronFX and XM Accept?
IronFX 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 IronFX and XM
What Can You Trade With IronFX and XM?
IronFX offers 100 trading instruments whilst XM offers 100.
Below you will find a full breakdown of what both IronFX and XM offer.
IronFX Review
IronFX vs XM:
Table Of Contents
- Compare IronFX vs XM
- Benefits of IronFX and XM Compared
- XM and IronFX Mobile App Comparison
- IronFX vs XM - Awards
- IronFX vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or IronFX
- IronFX vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For IronFX And XM
- What Languages Do IronFX And XM Support?
- How Many Clients Do IronFX and XM Have?
- What Payment Methods Do IronFX and XM Accept?
- What Can You Trade With IronFX and XM?