Startrader vs XM, 2024 Update
Read our In-Depth Startrader vs XM Review - for 2024
This comprehensive analysis of Startrader and XM has been updated for 2024 from industry experts boasting significant financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Startrader vs XM does not apply to all countries as follows:
Startrader Excluded Countries
United States of America,
XM Excluded Countries
Canada, Israel, and United States of America.
Compare Startrader vs XM
Each online trading platforms will have a few advantages and disadvantages, so a complete review of Startrader and XM would not be complete without having a balanced approach.
Assess XM and Startrader to understand the way these platforms stack up to one another prior to you decide to create an account. Performing a comparative analysis helps to place factors in perspective to ensure that you are informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between Startrader or XM. Who is better in 2024?
This Startrader vs XM comparison contains the latest information so you can easily compare XM against Startrader.
If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to select the ideal broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. Startrader and XM are two such trading platforms which will take you and your investment into great heights. It's crucial to compare Startrader vs XM before you trust them with your cash.
Our Startrader vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Startrader and XM side by side.
Our entire Startrader vs XM Review covers everything you need to know about trading using either Startrader or XM. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all agents will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
Startrader and XM are both brokers that have paved their way successfully into the broker world. In this review, we've attempted to collate a number of the vital aspects of both Startrader and XM. This review will help you to know whether either XM or Startrader is a good match for your own investments or not. We have attempted to breakdown all the features and fees for your convenience.
Benefits of Startrader and XM Compared
Startrader has a minimum deposit of $50 while XM offers a $5 minimum deposit.
Why smaller minimum deposits are good and how Startrader 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.
Startrader allows you to trade around 170 financial instruments while XM allows you to trade around 170 financial instruments available.
The more financial instruments you can trade on the Startrader 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 Startrader or XM.
Startrader and XM Contact Details
Being able to contact an online trading platform through many ways is vital. Startrader and XM have the following contact details and social medias that you can use.
|+86 4001 201725
|+357 250 29933
|Flat/Rm A, 12/F, ZJ300, 300 Lockhart Road, Wan Chai, Hong Kong
|12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
|Startrader Twitter Account
|XM Twitter Account
|Startrader Facebook Page
|XM Facebook Page
|Startrader Instagram Account
|XM Instagram Account
|Startrader LinkedIn Page
|XM LinkedIn Page
|Startrader YouTube Channel
|XM YouTube Channel
|Find Out More
XM and Startrader 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 Startrader and XM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
While most brokers are good at this, there are some poor ones. 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Startrader vs XM - Awards
|At the time of writing this Startrader review, and despite Startrader’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 a financial broker. We show the most notable awards for XM here.
|Find Out More
Startrader vs XM - Frequently Asked Questions
Startrader vs XM - Headquarters And Year Of Founding
Startrader was founded in 2011 and has its headquaters in Hong Kong.
XM was founded in 2009 and has its head office in Cyprus.
What is the minimum deposit for XM or Startrader
The minimum deposit for Startrader is $50.
The minimum deposit for XM is $5.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Startrader and XM are a good option.
Startrader vs XM - Regulation And Licencing In More Detail
Startrader is regulated by Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both Startrader and XM have a strong set of rules for ensuring fair trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Startrader vs XM Commission And Fees
Startrader and XM are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are paying a spread, financing speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can 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 billed when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither Startrader or XM charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees billed by Startrader and XM are relatively competitive. As a result, you're charged more for non-trading actions in your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This Startrader vs XM review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Startrader And XM
What Languages Do Startrader And XM Support?
Being able to communicate completely with your online platform is a key way of comparing online brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find all the languages that both Startrader and XM support.
How Many Clients Do Startrader and XM Have?
Both Startrader and XM are well known and trusted. 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 Startrader and XM are working with
What Payment Methods Do Startrader and XM Accept?
Startrader 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 Startrader and XM
What Can You Trade With Startrader and XM?
Startrader offers 170 trading instruments whilst XM offers 100.
Below you will find a full breakdown of what both Startrader and XM offer.
Startrader vs XM:
Table Of Contents
- Compare Startrader vs XM
- Benefits of Startrader and XM Compared
- XM and Startrader Mobile App Comparison
- Startrader vs XM - Awards
- Startrader vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or Startrader
- Startrader vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For Startrader And XM
- What Languages Do Startrader And XM Support?
- How Many Clients Do Startrader and XM Have?
- What Payment Methods Do Startrader and XM Accept?
- What Can You Trade With Startrader and XM?