XM vs XTB, Who's Better?

Compare XM vs XTB

Each online trading platforms will have certain ups and downs, so any comprehensive analysis of XM vs XTB should not be regarded as thorough without having a balanced approach.

Assess XM and XTB to understand the way these platforms stack up against each prior to you open an account. A side-by-side comparison can bring aspects in perspective so that you're informed about the expectations.

So you are looking for a reputable broker and are choosing between XM or XTB. Which one is best in 2024?

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

If you're a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You'll acquire adept at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.

In this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. XM and XTB are two such companies that will take you and your investment into great heights. It's important that you compare XM vs XTB before you trust them with your money.

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

Our entire XM vs XTB Review covers all you will need to know about trading using either XM or XTB. A fantastic broker can multiply your first investments and give you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investment objectives.

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

XM and XTB are both brokers that have found their way successfully to the broker world. Within this review, we have tried to collate some of the vital facets of both XM and XTB. This review can help you to know whether either XTB or XM is a good match for your own investments or not. We've tried to breakdown all of the features and charges for your advantage.

Benefits of XM and XTB Compared

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

Why smaller minimum deposits are good and how XM and XTB 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 XTB has around 100 financial instruments on their platform.

The more instruments you can trade on the XM and XTB 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 XTB.

XM and XTB Contact Details

Being able to contact a broker simply is a sign of a professional broker. XM and XTB have the following contact details and social medias that you can use.

XTB 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 XTB we'll check whether either of their mobile apps tick all the boxes.

We rate overall the user-friendliness of the apps as better than average.

It is important that any trading app has user friendly capabilities especially with the

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 XTB - Awards

XM vs XTB - Frequently Asked Questions

XM vs XTB - Headquarters And Year Of Founding

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

XTB was founded in 2002 and has its head office in Poland.

What is the minimum deposit for XTB or XM

The minimum deposit for XM is $5.

The minimum deposit for XTB 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 XTB are a good choice.

XM vs XTB - 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).

XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.

Both XM and XTB have a strong set of rules for ensuring fair trading on their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).

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

Compare XM vs XTB Commission And Fees

XM and XTB are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.

But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.

The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.

Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.

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

Generally, neither XM or XTB charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as weekly or daily trading.

But, non-trading fees billed by XM and XTB are comparatively higher. Consequently, you're billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't related to the sale and purchase of resources.

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

Compare Broker Fees For XM And XTB

What Languages Do XM And XTB Support?

Being able to communicate easily with your trading platform is a key element when comparing trading platforms to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading forex.

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

How Many Clients Do XM and XTB Have?

Both XM and XTB are well established with their customer base. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers are using their services.

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

What Payment Methods Do XM and XTB Accept?

XM and XTB 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 XTB

What Can You Trade With XM and XTB?

XM offers 100 trading instruments whilst XTB offers 1,500.

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