XM vs VTB 24 Bank, Updated for 2024
XM Rating
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VTB 24 Bank Rating
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
XM vs VTB 24 Bank Guide |
Read our In-Depth XM vs VTB 24 Bank Review - Updated for 2024
Our review comparing XM and VTB 24 Bank has been refreshed to reflect any changes for 2024 by seasoned professionals with extensive financial experience in CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of XM vs VTB 24 Bank does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
VTB 24 Bank Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs VTB 24 Bank
All trading platforms feature some pros and cons, and a complete review of XM and VTB 24 Bank should not be complete without adopting a fair assessment.
Compare VTB 24 Bank and XM in order to understand the way they line up against one another before you decide to make an account. A comparative analysis can put things into perspective in order that you remain aware of what you should anticipate.
So you are looking for an online trading platform and are choosing between XM or VTB 24 Bank. Who should you choose?
This XM vs VTB 24 Bank comparison contains the latest information so you can easily compare VTB 24 Bank against XM.
If you are a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll get adept at all of the concepts of broker as you keep trading. For starters, you have to select the right broker who'll be clear with you always.
Within 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 VTB 24 Bank are two such platforms that will take you along with your investment into great heights. It's important that you compare XM vs VTB 24 Bank before you trust them with your cash.
Our XM vs VTB 24 Bank comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and VTB 24 Bank side by side.
Our entire XM vs VTB 24 Bank Review covers everything you will need to know about trading with either XM or VTB 24 Bank. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you must carefully analyze your agent before you select them. It is a common misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
XM and VTB 24 Bank are both brokers which have paved their way successfully to the broker world. Within this review, we have tried to collate some of the vital aspects of both XM and VTB 24 Bank. This review can help you to understand whether either VTB 24 Bank or XM is a good fit for your investments or not. We've tried to breakdown all the features and charges for your convenience.
Benefits of XM and VTB 24 Bank Compared
XM offers a minimum deposit of $5 while VTB 24 Bank offers a $100 minimum deposit.
Why smaller minimum deposits are good and how XM and VTB 24 Bank 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 VTB 24 Bank has around 100 financial instruments available.
The more financial instruments you can trade on the XM and VTB 24 Bank 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 seriously do not want to miss out on a trading opportunity due to the limitations of XM or VTB 24 Bank.
XM and VTB 24 Bank Contact Details
Being able to contact a broker easily is a sign of a professional broker. XM and VTB 24 Bank have the following contact details and social medias that you can use.
Broker | XM | VTB 24 Bank |
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Telephone Number | +357 250 29933 | |
support@xm.com | ||
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | |
XM Twitter Account | VTB 24 Bank Twitter Account | |
XM Facebook Page | VTB 24 Bank Facebook Page | |
XM Instagram Account | VTB 24 Bank Instagram Account | |
XM LinkedIn Page | VTB 24 Bank LinkedIn Page | |
YouTube | XM YouTube Channel | VTB 24 Bank YouTube Channel |
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VTB 24 Bank 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.
This part of comparing XM and VTB 24 Bank will examine whether their mobile app meets all our requirements.
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. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start 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 VTB 24 Bank - Awards
Broker | XM | VTB 24 Bank |
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Awards |
XM have won a lot of industry awards over the time they have been operating as an online broker. We list the most notable awards for XM here.
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At the time of writing this VTB 24 Bank review, and despite VTB 24 Bank’s impressive offering, the company has surprisingly not garnered any awards to date. |
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XM vs VTB 24 Bank - Frequently Asked Questions
XM vs VTB 24 Bank - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
VTB 24 Bank was founded in 2008 and has its head office in Russia.
What is the minimum deposit for VTB 24 Bank or XM
The minimum deposit for XM is $5.
The minimum deposit for VTB 24 Bank is $100.
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 VTB 24 Bank are a good choice.
XM vs VTB 24 Bank - 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).
VTB 24 Bank is regulated by Unregulated.
VTB 24 Bank is unregulated but XM has a strong set of rules for ensuring fair trading on its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their privacy regulation, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare XM vs VTB 24 Bank Commission And Fees
XM and VTB 24 Bank are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online trading platforms are scaled much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 different types of penalties for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you are spending a spread, financing rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight prices are those who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither XM or VTB 24 Bank charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by XM and VTB 24 Bank are comparatively competitive. As a result, you are billed more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This XM vs VTB 24 Bank review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For XM And VTB 24 Bank
What Languages Do XM And VTB 24 Bank Support?
Being able to talk completely with your online platform 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 app as it is a key part of success when trading online.
Below you will find all the languages that both XM and VTB 24 Bank offer communication in.
How Many Clients Do XM and VTB 24 Bank Have?
Both XM and VTB 24 Bank are well established with their customer base. It is important to work with a broker that is reputable 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 customers XM and VTB 24 Bank are active on their platform
Broker | XM | VTB 24 Bank |
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Clients / Users | 3,500,000+ | 10,000+ |
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What Payment Methods Do XM and VTB 24 Bank Accept?
XM and VTB 24 Bank 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 VTB 24 Bank
What Can You Trade With XM and VTB 24 Bank?
XM offers 100 trading instruments while VTB 24 Bank offers 252.
Below you will find a full breakdown of what both XM and VTB 24 Bank offer.
XM Review
XM vs VTB 24 Bank:
Table Of Contents
- Compare XM vs VTB 24 Bank
- Benefits of XM and VTB 24 Bank Compared
- VTB 24 Bank and XM Mobile App Comparison
- XM vs VTB 24 Bank - Awards
- XM vs VTB 24 Bank - Frequently Asked Questions
- What is the minimum deposit for VTB 24 Bank or XM
- XM vs VTB 24 Bank - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And VTB 24 Bank
- What Languages Do XM And VTB 24 Bank Support?
- How Many Clients Do XM and VTB 24 Bank Have?
- What Payment Methods Do XM and VTB 24 Bank Accept?
- What Can You Trade With XM and VTB 24 Bank?