XM vs Uphold, Updated for 2024

Compare XM vs Uphold

Every online trading platforms has some advantages and disadvantages, so any comprehensive XM and Uphold review would not be regarded as thorough without embracing a fair assessment.

Compare XM and Uphold to get a better understanding of the way they line up against each before you decide to make an account. A side-by-side comparison helps to place factors in perspective so that you're informed about what you should anticipate.

So you are looking for a professional broker and are choosing between XM or Uphold. Who should you choose?

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

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 demands expert assessing skills and comprehensive knowledge. You will acquire adept at all of the concepts of brokerage as you continue trading. For starters, you need to choose the ideal broker who will be clear with you always.

In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. XM and Uphold are two such platforms which will take you and your investment to great heights. It is important to compare XM vs Uphold until you trust them with your money.

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

Our entire XM vs Uphold Review covers all you will need to know about trading using either XM or Uphold. A good broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investment goals.

There is no sure-fire way to guarantee profits; therefore, you must carefully assess your broker before you choose them. It is a frequent misconception that all agents are the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.

XM and Uphold are both brokers that have found their way successfully to the brokerage world. Within this review, we have tried to collate a number of the important facets of both XM and Uphold. This review will allow you to know whether either Uphold or XM is a fantastic fit for your investments or not. We've tried to breakdown all the qualities and fees for your advantage.

Benefits of XM and Uphold Compared

XM offers a minimum deposit of $5 while Uphold offers a $1 minimum deposit.

Why smaller minimum deposits are good and how XM and Uphold 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 Uphold has around 100 available.

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

XM and Uphold Contact Details

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

Uphold 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 Uphold 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 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 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 Uphold - Awards

XM vs Uphold - Frequently Asked Questions

XM vs Uphold - Headquarters And Year Of Founding

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

Uphold was founded in 2013 and has its headquaters in United States.

What is the minimum deposit for Uphold or XM

The minimum deposit for XM is $5.

The minimum deposit for Uphold is $1.

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 Uphold are a good option.

XM vs Uphold - 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).

Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .

Both XM and Uphold have a powerful collection 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 individual privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.

Compare XM vs Uphold Commission And Fees

XM and Uphold are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the number of clients they have.

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

The first kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In such cases, you are spending a spread, financing rate, or even a commission. The sorts of trading fees and the rates vary from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are those that are charged when you maintain a leveraged position for longer than a day.

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

Generally, neither XM or Uphold charge high fees in comparison to other online brokers. 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 regularly exchange, such as daily or weekly trading.

However, non-trading fees charged by XM and Uphold are comparatively greater. As a result, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.

This XM vs Uphold review for 2024 breaks down each of the relevant non-trading fees for you in detail.

Compare Broker Fees For XM And Uphold

What Languages Do XM And Uphold Support?

Being able to talk completely with your trading platform is a key element when comparing trading platforms 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 online.

Here you can find the languages that both XM and Uphold offer communication in.

How Many Clients Do XM and Uphold Have?

Both XM and Uphold are well known and trusted. It is really important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.

Below you will find details of how many clients XM and Uphold are working with

What Payment Methods Do XM and Uphold Accept?

XM and Uphold 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 Uphold

What Can You Trade With XM and Uphold?

XM offers 100 trading instruments whilst Uphold offers 211.

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