XM vs FXCM, 2024 Update

Compare XM vs FXCM

Every platforms for online trading will have certain advantages and disadvantages, and any comprehensive XM and FXCM review cannnot be regarded as thorough without embracing an objective perspective.

Compare XM and FXCM in order to understand just how these platforms line up with one another before you decide to create an account. Conducting a comparative analysis can place factors in perspective to ensure that you remain cognizant of what you should anticipate.

So you are looking for a reputable broker and are choosing between XM or FXCM. Who is better in 2024?

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

If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You will get proficient at all the concepts of brokerage as you keep trading. For starters, you need to choose the ideal agent who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. XM and FXCM are two such trading platforms that will take you along with your investment to great heights. It's important to compare XM vs FXCM before you trust them with your cash.

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

Our full XM vs FXCM Review covers all you need to learn about trading using either XM or FXCM. A fantastic agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It's a common misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.

XM and FXCM are both brokers that have forged their way successfully into the brokerage world. In this review, we've attempted to collate some of the important aspects of both XM and FXCM. This review will help you to know whether either FXCM or XM is a good match for your own investments or not. We have tried to breakdown all of the qualities and fees for your advantage.

Benefits of XM and FXCM Compared

XM offers a minimum deposit of $5 while FXCM has a $1 minimum deposit.

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

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

XM and FXCM Contact Details

Being able to contact a broker simply is important. XM and FXCM have the following contact details and social medias that you can use.

FXCM and XM Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

In this part of our comparison of XM and FXCM 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

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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?

XM vs FXCM - Awards

XM vs FXCM - Frequently Asked Questions

XM vs FXCM - Headquarters And Year Of Founding

XM was founded in 2009 and has its headquaters in Cyprus.

FXCM was founded in 1999 and has its head office in United States.

What is the minimum deposit for FXCM or XM

The minimum deposit for XM is $5.

The minimum deposit for FXCM is $1.

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 FXCM are a good choice.

XM vs FXCM - 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).

FXCM is regulated by Financial Conduct Authority (FCA).

Both XM and FXCM have a powerful collection of rules for ensuring honest trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Compare XM vs FXCM Commission And Fees

XM and FXCM are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of clients they have.

However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this purpose.

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

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those who are billed when you maintain a leveraged position for more than a day.

Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They're billed for operations like depositing money, not investing for lengthy periods, or withdrawals.

In general, neither XM or FXCM charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example daily or weekly trading.

However, non-trading fees billed by XM and FXCM are relatively competitive. Consequently, you're charged more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of resources.

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

Compare Broker Fees For XM And FXCM

What Languages Do XM And FXCM Support?

Being able to talk completely with your trading platform is a key part of comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key factor to success when trading forex.

Below you can find the languages that both XM and FXCM support.

How Many Clients Do XM and FXCM Have?

Both XM and FXCM are well established with their customer base. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients are using their services.

Below you will find details of how many users XM and FXCM are working with

What Payment Methods Do XM and FXCM Accept?

XM and FXCM 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 FXCM

What Can You Trade With XM and FXCM?

XM offers 100 trading instruments while FXCM offers 100.

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