Uphold vs XM, Who's Better?
Read our In-Depth Uphold vs XM Review - Updated for 2022
This Uphold vs XM review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this Uphold vs XM review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare Uphold vs XM
Every online trading system will have some ups and downs, and no Uphold and XM review would be complete without having a balanced approach. Compare Uphold and XM to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between Uphold or XM. Which one is best in 2022?
Our Uphold vs XM comparison contains the most recent information so you can easily compare XM against Uphold.
If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage since you continue trading. For starters, you need to select the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. Uphold and XM are just two such platforms which will take you along with your investment to great heights. It is important that you compare Uphold vs XM before you trust them with your money.
Our Uphold vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and XM side by side.
Our full Uphold vs XM Review covers everything you need to learn about trading using either Uphold or XM. A fantastic broker can multiply your initial investments and give you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments in danger.
Uphold and XM are both brokers that have found their way successfully into the broker world. Within this review, we've tried to collate a number of the important facets of both Uphold and XM. This review will allow you to know whether either XM or Uphold 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 Uphold and XM Compared
Uphold has a minimum deposit of $1 while XM has a $5 minimum deposit.
Why smaller minimum deposits are good and how Uphold 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.
Uphold has around 211 financial instruments while XM has around 211 financial instruments on their platform.
The more financial instruments you can trade on the Uphold 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 never want to miss out on a trading opportunity due to the limitations of Uphold or XM.
Uphold and XM Contact Details
Being able to contact an online trading platform simply is vital. Uphold and XM have the following contact details and social medias that you can use.
|Telephone Number||+1 (415) 925-2711||+357 250 29933|
|Address||700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus|
|Uphold Twitter Account||XM Twitter Account|
|Uphold Facebook Page||XM Facebook Page|
|Uphold Instagram Account||XM Instagram Account|
|Uphold LinkedIn Page||XM LinkedIn Page|
|YouTube||Uphold YouTube Channel||XM YouTube Channel|
|Find Out More||
XM and Uphold Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Uphold and XM will examine whether their mobile app meets all our requirements.
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
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 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?
Uphold vs XM - Awards
|Awards||At the time of writing this Uphold review, and despite Uphold’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 running as a financial broker. We detail the most recognised awards for XM here.
|Find Out More||
Uphold vs XM - Frequently Asked Questions
Uphold vs XM - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its head office in United States.
XM was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for XM or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for XM is $5.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Uphold and XM are a good choice.
Uphold vs XM - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both Uphold and XM have a strong set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Uphold vs XM Commission And Fees
Uphold 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 companies of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different 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 purchasing a stock or an ETF, you're billed trading charges. In these instances, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than a day.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither Uphold or XM charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees charged by Uphold and XM are comparatively greater. Consequently, you are billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of resources.
This Uphold vs XM review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For Uphold And XM
What Languages Do Uphold And XM Support?
Being able to chat easily with your trading platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Here you can find the languages that both Uphold and XM support.
How Many Clients Do Uphold and XM Have?
Both Uphold and XM are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients Uphold and XM are active on their platform
What Payment Methods Do Uphold and XM Accept?
Uphold 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 Uphold and XM
What Can You Trade With Uphold and XM?
Uphold offers 211 trading instruments while XM offers 100.
Below you will find a full breakdown of what both Uphold and XM offer.
Compare Uphold To All Other Brokers
Compare XM To All Other Brokers
Uphold vs XM:
Table Of Contents
- Compare Uphold vs XM
- Benefits of Uphold and XM Compared
- XM and Uphold Mobile App Comparison
- Uphold vs XM - Awards
- Uphold vs XM - Frequently Asked Questions
- What is the minimum deposit for XM or Uphold
- Uphold vs XM - Regulation And Licencing In More Detail
- Compare Broker Fees For Uphold And XM
- What Languages Do Uphold And XM Support?
- How Many Clients Do Uphold and XM Have?
- What Payment Methods Do Uphold and XM Accept?
- What Can You Trade With Uphold and XM?