XM vs XTB, Updated for 2024
Read our In-Depth XM vs XTB Review - Updated for 2024
Our comprehensive analysis of XM and XTB has been revised for 2024 by seasoned professionals boasting years of expertise in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs XTB does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
XTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs XTB
All online trading platforms has a few pros and cons, so a complete analysis of XM vs XTB should not be complete without embracing a fair assessment.
Assess XM and XTB to understand how these platforms line up against one another prior to you choose to open an account. A comprehensive comparison helps to place factors in perspective to ensure that you're informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between XM or XTB. Who should you choose?
Our 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 world of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive understanding. You'll acquire proficient at all the concepts of brokerage since you continue trading. For starters, you need to select the right agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. XM and XTB are just two such stages which will take you and your investment to 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 full XM vs XTB Review covers all you will need to know about trading with either XM or XTB. A fantastic agent can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully assess your broker before you select them. It is a common misconception that all agents are exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
XM and XTB are both brokers that have forged their way successfully into the broker world. In this review, we've tried to collate a number of the important facets of both XM and XTB. This review can help you to understand whether either XTB or XM is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Benefits of XM and XTB Compared
XM has 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 whilst 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 seriously do not 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 an online trading platform through many ways is important. XM and XTB have the following contact details and social medias that you can use.
Broker | XM | XTB |
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Telephone Number | +357 250 29933 | 020 3695 3085 |
support@xm.com | uksales@xtb.com | |
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | Level 9, One Canada Square, Canary Wharf, E14 5AA |
XM Twitter Account | XTB Twitter Account | |
XM Facebook Page | XTB Facebook Page | |
XM Instagram Account | XTB Instagram Account | |
XM LinkedIn Page | XTB LinkedIn Page | |
YouTube | XM YouTube Channel | XTB YouTube Channel |
Find Out More |
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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.
This part of comparing XM and XTB 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 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 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
Broker | XM | XTB |
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Awards |
XM have won a lot of industry awards over the years they have been operating as a financial broker. We show the most recognised awards for XM here.
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XTB have won numerous industry awards over the years they have been operating as an online broker. We show the most recognised awards for XTB below.
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Find Out More |
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XM vs XTB - Frequently Asked Questions
XM vs XTB - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
XTB was founded in 2002 and has its headquaters 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 powerful set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare XM vs XTB Commission And Fees
XM and XTB 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. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of penalties for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you're paying a spread, financing rate, or even a commission. The kinds of trading charges and the prices differ 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 prices are those who are billed when you maintain a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither XM or XTB charge high fees in comparison to other online agents. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by XM and XTB are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the sale and purchase of assets.
This XM vs XTB review for 2024 breaks down every one 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 talk easily with your online platform is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both XM and XTB support.
How Many Clients Do XM and XTB Have?
Both XM and XTB are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many users XM and XTB are active on their platform
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 while XTB offers 1,500.
Below you will find a full breakdown of what both XM and XTB offer.
XM Review
XM vs XTB:
Table Of Contents
- Compare XM vs XTB
- Benefits of XM and XTB Compared
- XTB and XM Mobile App Comparison
- XM vs XTB - Awards
- XM vs XTB - Frequently Asked Questions
- What is the minimum deposit for XTB or XM
- XM vs XTB - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And XTB
- What Languages Do XM And XTB Support?
- How Many Clients Do XM and XTB Have?
- What Payment Methods Do XM and XTB Accept?
- What Can You Trade With XM and XTB?