XM vs afx group, 2024 Update
XM Rating
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afx group 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 afx group Guide |
Read our In-Depth XM vs afx group Review - Updated for 2024
Our comprehensive analysis of XM and afx group has been revised to reflect any changes for 2024 by knowledgeable insiders with extensive financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs afx group does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
afx group Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs afx group
All online trading platforms will have certain pros and cons, and a complete review of XM and afx group should not be regarded as thorough without having a balanced approach.
Examine afx group and XM in order to understand how these platforms stack up against one another before you choose to make an account. Conducting a side-by-side comparison helps to place factors into perspective to ensure that you are informed about what to expect.
So you are looking for a reputable broker and are choosing between XM or afx group. Which one is best in 2024?
This XM vs afx group comparison contains the most recent information so you can easily compare afx group against XM.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will get proficient at all the concepts of broker since 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 advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. XM and afx group are two such companies which will take you along with your investment to great heights. It's crucial to compare XM vs afx group until you trust them with your cash.
Our XM vs afx group comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and afx group side by side.
Our entire XM vs afx group Review covers all you need to learn about trading using either XM or afx group. A fantastic broker can multiply your first investments and give you favorable profits. If you want to make profits, you should trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully assess your agent before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
XM and afx group are both brokers that have paved their way successfully into the broker world. In this review, we've attempted to collate some of the vital aspects of both XM and afx group. This review can help you to understand whether either afx group or XM is a fantastic fit for your own investments or not. We have attempted to breakdown all of the features and charges for your convenience.
Benefits of XM and afx group Compared
XM has a minimum deposit of $5 while afx group has a $250 minimum deposit.
Why smaller minimum deposits are good and how XM and afx group 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 afx group has around 100 available.
The more financial instruments you can trade on the XM and afx group 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 should never want to miss out on a trading opportunity due to the limitations of XM or afx group.
XM and afx group Contact Details
Being able to contact an online trading platform simply is vital. XM and afx group have the following contact details and social medias that you can use.
Broker | XM | afx group |
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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 | afx group Twitter Account | |
XM Facebook Page | afx group Facebook Page | |
XM Instagram Account | afx group Instagram Account | |
XM LinkedIn Page | afx group LinkedIn Page | |
YouTube | XM YouTube Channel | afx group YouTube Channel |
Find Out More |
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afx group 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 afx group 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 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. 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 afx group - Awards
Broker | XM | afx group |
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Awards |
XM have won several industry awards over the time they have been running as an online broker. We show the most recognised awards for XM here.
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At the time of writing this afx group review, and despite afx group’s impressive offering, the company has surprisingly not garnered any awards to date. |
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XM vs afx group - Frequently Asked Questions
XM vs afx group - Headquarters And Year Of Founding
XM was founded in 2009 and has its headquaters in Cyprus.
afx group was founded in 2013 and has its headquaters in Geneva.
What is the minimum deposit for afx group or XM
The minimum deposit for XM is $5.
The minimum deposit for afx group is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and afx group are a good option.
XM vs afx group - 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).
afx group is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220.
Both XM and afx group have a strong set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare XM vs afx group Commission And Fees
XM and afx group are online broker 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 better. In other words, an online broker isn't necessarily affected by the number of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three types of fees for this purpose.
The first sort of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In such cases, you are paying a spread, funding speed, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are people who are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake on your accounts. They're billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither XM or afx group charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees billed by XM and afx group are comparatively higher. As a result, you are charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These aren't about the purchase and sale of resources.
This XM vs afx group review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For XM And afx group
What Languages Do XM And afx group Support?
Being able to communicate easily with your online broker is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both XM and afx group offer communication in.
How Many Clients Do XM and afx group Have?
Both XM and afx group are well established with their client base. It is really important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients XM and afx group have
Broker | XM | afx group |
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Clients / Users | 3,500,000+ | 14,000,000+ |
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What Payment Methods Do XM and afx group Accept?
XM and afx group 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 afx group
What Can You Trade With XM and afx group?
XM offers 100 trading instruments and afx group offers 103.
Below you will find a full breakdown of what both XM and afx group offer.
XM Review
XM vs afx group:
Table Of Contents
- Compare XM vs afx group
- Benefits of XM and afx group Compared
- afx group and XM Mobile App Comparison
- XM vs afx group - Awards
- XM vs afx group - Frequently Asked Questions
- What is the minimum deposit for afx group or XM
- XM vs afx group - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And afx group
- What Languages Do XM And afx group Support?
- How Many Clients Do XM and afx group Have?
- What Payment Methods Do XM and afx group Accept?
- What Can You Trade With XM and afx group?