XM vs Zerodha, Who's Better?
XM Rating
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Zerodha 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 Zerodha Guide |
Read our In-Depth XM vs Zerodha Review - Updated for 2024
Our comprehensive analysis of XM and Zerodha has been revised to reflect any changes for 2024 from seasoned professionals with extensive expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs Zerodha does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
Zerodha Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs Zerodha
Each online trading platforms has some pros and cons, so a complete review of XM and Zerodha would not be regarded as thorough without having an objective perspective.
Examine XM and Zerodha to understand the way these platforms stack up to one another prior to you choose to make an account. Conducting a comprehensive comparison can bring aspects into perspective so that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between XM or Zerodha. Who is better in 2024?
Our XM vs Zerodha comparison contains the most recent information so you can easily compare Zerodha against XM.
If you are a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You will get proficient at all of the concepts of brokerage since you keep trading. For starters, you have to choose the ideal agent who'll be transparent with you always.
Within 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 Zerodha are just two such trading platforms which will take you and your investment to great heights. It is crucial that you compare XM vs Zerodha until you trust them with your cash.
Our XM vs Zerodha comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and Zerodha side by side.
Our full XM vs Zerodha Review covers everything you will need to know about trading with either XM or Zerodha. A fantastic agent can multiply your initial investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you select them. It's a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments in danger.
XM and Zerodha are both brokers that have found their way successfully to the broker world. Within this review, we've tried to collate some of the important aspects of both XM and Zerodha. This review can allow you to understand whether either Zerodha or XM is a fantastic match for your investments or not. We've tried to breakdown all the features and fees for your advantage.
Benefits of XM and Zerodha Compared
XM has a minimum deposit of $5 while Zerodha has a $0 minimum deposit.
Why smaller minimum deposits are good and how XM and Zerodha 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 Zerodha has around 100 financial instruments available.
The more financial instruments you can trade on the XM and Zerodha 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 Zerodha.
XM and Zerodha Contact Details
Being able to contact your broker simply is vital. XM and Zerodha have the following contact details and social medias that you can use.
Broker | XM | Zerodha |
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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 | Zerodha Twitter Account | |
XM Facebook Page | Zerodha Facebook Page | |
XM Instagram Account | Zerodha Instagram Account | |
XM LinkedIn Page | Zerodha LinkedIn Page | |
YouTube | XM YouTube Channel | Zerodha YouTube Channel |
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Zerodha 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 Zerodha will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. 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 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 Zerodha - Awards
Broker | XM | Zerodha |
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Awards |
XM have won numerous industry awards over the time they have been running as an online broker. We show the most notable awards for XM below.
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At the time of writing this Zerodha review, and despite Zerodha’s impressive offering, the company has surprisingly not garnered any awards to date. |
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XM vs Zerodha - Frequently Asked Questions
XM vs Zerodha - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
Zerodha was founded in 2010 and has its head office in India.
What is the minimum deposit for Zerodha or XM
The minimum deposit for XM is $5.
The minimum deposit for Zerodha 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 Zerodha are a good option.
XM vs Zerodha - 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).
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
Both XM and Zerodha have a strong collection of rules for ensuring fair trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare XM vs Zerodha Commission And Fees
XM and Zerodha are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the number of clients they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of penalties for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you are spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They're billed for operations like depositing money, not investing for long periods, or withdrawals.
In general, neither XM or Zerodha charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who often trade, such as daily or weekly trading.
But, non-trading fees charged by XM and Zerodha are comparatively greater. Consequently, you are billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.
This XM vs Zerodha review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For XM And Zerodha
What Languages Do XM And Zerodha Support?
Being able to communicate completely with your trading platform is a key element when comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading online.
Below you will find the languages that both XM and Zerodha support.
How Many Clients Do XM and Zerodha Have?
Both XM and Zerodha are well known and trusted. It is important to work with an online 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 customers XM and Zerodha are active on their platform
Broker | XM | Zerodha |
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Clients / Users | 3,500,000+ | 1,500,000+ |
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What Payment Methods Do XM and Zerodha Accept?
XM and Zerodha 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 Zerodha
What Can You Trade With XM and Zerodha?
XM offers 100 trading instruments whilst Zerodha offers 5000.
Below you will find a full breakdown of what both XM and Zerodha offer.
XM Review
XM vs Zerodha:
Table Of Contents
- Compare XM vs Zerodha
- Benefits of XM and Zerodha Compared
- Zerodha and XM Mobile App Comparison
- XM vs Zerodha - Awards
- XM vs Zerodha - Frequently Asked Questions
- What is the minimum deposit for Zerodha or XM
- XM vs Zerodha - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And Zerodha
- What Languages Do XM And Zerodha Support?
- How Many Clients Do XM and Zerodha Have?
- What Payment Methods Do XM and Zerodha Accept?
- What Can You Trade With XM and Zerodha?