XM vs Interactive Investor, 2024 Update

Compare XM vs Interactive Investor

All trading platforms feature some ups and downs, and a complete XM and Interactive Investor review cannnot be regarded as thorough without having a fair assessment.

Assess XM and Interactive Investor to understand just how these platforms line up to one another before you choose to open an account. Performing a side-by-side comparison helps to put things into perspective so that you are informed about what you should anticipate.

So you are looking for an online trading platform and are choosing between XM or Interactive Investor. Who should you choose?

Our XM vs Interactive Investor comparison contains the most recent information so you can easily compare Interactive Investor against XM.

If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll acquire proficient at all the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who will be transparent with you constantly.

Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. XM and Interactive Investor are just two such stages that will take you and your investment into great heights. It is important to compare XM vs Interactive Investor before you trust them with your money.

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

Our full XM vs Interactive Investor Review covers everything you will need to learn about trading with either XM or Interactive Investor. A good agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.

There is no sure-fire method to guarantee profits; thus, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.

XM and Interactive Investor are both brokers which have paved their way successfully into the brokerage world. In this review, we've attempted to collate some of the important facets of both XM and Interactive Investor. This review will help you to understand whether either Interactive Investor or XM is a fantastic fit for your own investments or not. We've tried to breakdown all of the features and fees for your advantage.

Benefits of XM and Interactive Investor Compared

XM has a minimum deposit of $5 while Interactive Investor has a $1 minimum deposit.

Why smaller minimum deposits are good and how XM and Interactive Investor 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 while Interactive Investor has around 100 financial instruments available.

The more instruments you can trade on the XM and Interactive Investor 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 Interactive Investor.

XM and Interactive Investor Contact Details

Being able to contact your broker through many ways is vital. XM and Interactive Investor have the following contact details and social medias that you can use.

Interactive Investor 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 Interactive Investor 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 crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

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 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 Interactive Investor - Awards

XM vs Interactive Investor - Frequently Asked Questions

XM vs Interactive Investor - Headquarters And Year Of Founding

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

Interactive Investor was founded in 1995 and has its headquaters in UK.

What is the minimum deposit for Interactive Investor or XM

The minimum deposit for XM is $5.

The minimum deposit for Interactive Investor 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 Interactive Investor are a good option.

XM vs Interactive Investor - 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).

Interactive Investor is regulated by Financial Conduct Authority (FCA).

Both XM and Interactive Investor have a strong collection of rules for ensuring fair trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).

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

Compare XM vs Interactive Investor Commission And Fees

XM and Interactive Investor are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't 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 earn money. There are primarily 3 types of penalties for this purpose.

The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you are spending a spread, funding speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are billed when you hold a leveraged position for longer than daily.

Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for operations like depositing cash, not investing for lengthy periods, or withdrawals.

In general, neither XM or Interactive Investor charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly trade, such as daily or weekly trading.

However, non-trading fees charged by XM and Interactive Investor are relatively greater. As a result, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.

This XM vs Interactive Investor review for 2024 breaks down every one of the applicable non-trading charges for you in detail.

Compare Broker Fees For XM And Interactive Investor

What Languages Do XM And Interactive Investor Support?

Being able to chat completely 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 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 Interactive Investor support.

How Many Clients Do XM and Interactive Investor Have?

Both XM and Interactive Investor 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 customers are using their services.

Below you will find details of how many customers XM and Interactive Investor have

What Payment Methods Do XM and Interactive Investor Accept?

XM and Interactive Investor 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 Interactive Investor

What Can You Trade With XM and Interactive Investor?

XM offers 100 trading instruments whilst Interactive Investor offers 100.

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