XM vs Advanced Global Markets, Updated for 2024

Compare XM vs Advanced Global Markets

All platforms for online trading feature some pros and cons, and a complete review of XM and Advanced Global Markets should not be complete without adopting an objective perspective.

Compare XM and Advanced Global Markets to understand the way they compare with each prior to you decide to open an account. Conducting a side-by-side comparison helps to bring aspects into perspective to ensure that you're cognizant of the expectations.

So you are looking for an online trading platform and are choosing between XM or Advanced Global Markets. Which one is best in 2024?

This XM vs Advanced Global Markets comparison contains the most recent information so you can easily compare Advanced Global Markets against XM.

If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You will get adept at all of the concepts of brokerage since you keep trading. For starters, you need to select the right agent who will be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. XM and Advanced Global Markets are two such platforms which will take you and your investment into great heights. It is crucial that you compare XM vs Advanced Global Markets before you trust them with your money.

Our XM vs Advanced Global Markets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and Advanced Global Markets side by side.

Our entire XM vs Advanced Global Markets Review covers all you need to know about trading using either XM or Advanced Global Markets. A good broker can multiply your initial investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.

There's absolutely no sure-fire way to ensure profits; thus, you should carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not true. Wrong judgment, initially, can set your investments at risk.

XM and Advanced Global Markets are both brokers which have found their way successfully to the brokerage world. In this review, we've tried to collate a number of the important facets of both XM and Advanced Global Markets. This review can allow you to know whether either Advanced Global Markets or XM is a fantastic match for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.

Benefits of XM and Advanced Global Markets Compared

XM has a minimum deposit of $5 while Advanced Global Markets offers a $500 minimum deposit.

Why smaller minimum deposits are good and how XM and Advanced Global Markets 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.

XM allows you to trade around 100 financial instruments whilst Advanced Global Markets allows you to trade around 100 on their platform.

The more financial instruments you can trade on the XM and Advanced Global Markets 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 XM or Advanced Global Markets.

XM and Advanced Global Markets Contact Details

Being able to contact an online trading platform through many ways is a sign of a professional broker. XM and Advanced Global Markets have the following contact details and social medias that you can use.

Advanced Global Markets and XM 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 XM and Advanced Global Markets 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 important that any trading app has user friendly capabilities especially with the

Search Functions

While most brokers are good at this, there are some poor ones. 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?

XM vs Advanced Global Markets - Awards

XM vs Advanced Global Markets - Frequently Asked Questions

XM vs Advanced Global Markets - Headquarters And Year Of Founding

XM was founded in 2009 and has its head office in Cyprus.

Advanced Global Markets was founded in 1992 and has its head office in Cyprus.

What is the minimum deposit for Advanced Global Markets or XM

The minimum deposit for XM is $5.

The minimum deposit for Advanced Global Markets is $500.

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 XM and Advanced Global Markets are a good option.

XM vs Advanced Global Markets - Regulation And Licencing In More Detail

XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

Advanced Global Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).

Both XM and Advanced Global Markets have a strong collection of rules for ensuring honest trading on their individual platforms. For data encryption functions, 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. This includes credit history and other financial details.

Compare XM vs Advanced Global Markets Commission And Fees

XM and Advanced Global Markets are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.

But this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily 3 different types of fees for this objective.

The first kind of fees to keep an eye out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you're spending a spread, funding speed, or a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people who are charged when you hold a leveraged position for longer than a day.

Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

Generally, neither XM or Advanced Global Markets charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, such as daily or weekly trading.

But, non-trading fees charged by XM and Advanced Global Markets are comparatively greater. Consequently, you're billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of assets.

This XM vs Advanced Global Markets review for 2024 breaks down every one of the relevant non-trading fees for you in detail.

Compare Broker Fees For XM And Advanced Global Markets

What Languages Do XM And Advanced Global Markets Support?

Being able to chat 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 application as it is a key factor to success when trading online.

Below you will find the languages that both XM and Advanced Global Markets offer communication in.

How Many Clients Do XM and Advanced Global Markets Have?

Both XM and Advanced Global Markets are well established with their customer base. It is really important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many customers are using their services.

Below you will find details of how many clients XM and Advanced Global Markets are working with

What Payment Methods Do XM and Advanced Global Markets Accept?

XM and Advanced Global Markets 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 XM and Advanced Global Markets

What Can You Trade With XM and Advanced Global Markets?

XM offers 100 trading instruments whilst Advanced Global Markets offers 25.

Below you will find a full breakdown of what both XM and Advanced Global Markets offer.