XM vs Degiro, for 2024

Compare XM vs Degiro

Every trading platforms has certain pros and cons, and any comprehensive XM and Degiro review should not be complete without having a balanced approach.

Examine XM and Degiro in order to understand the way these platforms compare to each other before you decide to make an account. A comparative analysis will place factors in perspective in order that you are aware of what you should anticipate.

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

This XM vs Degiro comparison contains the latest information so you can easily compare Degiro against XM.

If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all the concepts of broker as you keep trading. For starters, you have to select the ideal broker who will be clear with you always.

Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. XM and Degiro are just two such platforms that will take you along with your investment to great heights. It is important to compare XM vs Degiro before you trust them with your cash.

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

Our entire XM vs Degiro Review covers everything you need to learn about trading with either XM or Degiro. A fantastic broker can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.

There is no sure-fire way to guarantee profits; thus, you must carefully analyze your agent before you choose them. It is a common misconception that all brokers will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.

XM and Degiro are both brokers which have paved their way successfully to the broker world. Within this review, we have tried to collate a number of the important aspects of both XM and Degiro. This review can help you to understand whether either Degiro or XM is a fantastic match for your own investments or not. We've tried to breakdown all the features and fees for your advantage.

Benefits of XM and Degiro Compared

XM offers a minimum deposit of $5 while Degiro has a $0 minimum deposit.

Why smaller minimum deposits are good and how XM and Degiro 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 has around 100 financial instruments while Degiro allows you to trade around 100 on their platform.

The more financial instruments you can trade on the XM and Degiro 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 XM or Degiro.

XM and Degiro Contact Details

Being able to contact a broker through many ways is a sign of a professional broker. XM and Degiro have the following contact details and social medias that you can use.

Degiro 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 Degiro 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 the 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 Degiro - Awards

XM vs Degiro - Frequently Asked Questions

XM vs Degiro - Headquarters And Year Of Founding

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

Degiro was founded in 1934 and has its head office in Netherlands.

What is the minimum deposit for Degiro or XM

The minimum deposit for XM is $5.

The minimum deposit for Degiro is $0.

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 XM and Degiro are a good choice.

XM vs Degiro - 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).

Degiro is regulated by Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB).

Both XM and Degiro have a strong set of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their own privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare XM vs Degiro Commission And Fees

XM and Degiro are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, 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 a variety of services to make money. There are mainly 3 types of fees for this objective.

The first kind of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you are spending a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.

Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.

Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They're billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

In general, neither XM or Degiro charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often trade, such as daily or weekly trading.

But, non-trading fees charged by XM and Degiro are comparatively competitive. As a result, you are charged more for non-trading actions on your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of assets.

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

Compare Broker Fees For XM And Degiro

What Languages Do XM And Degiro Support?

Being able to talk completely with your trading broker is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure 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 XM and Degiro offer communication in.

How Many Clients Do XM and Degiro Have?

Both XM and Degiro are well established with their client base. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many customers they already work with.

Below you will find details of how many users XM and Degiro have

What Payment Methods Do XM and Degiro Accept?

XM and Degiro 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 Degiro

What Can You Trade With XM and Degiro?

XM offers 100 trading instruments and Degiro offers 84.

Below you will find a full breakdown of what both XM and Degiro offer.