XM vs fxglobe, Who's The Best?
XM Rating
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fxglobe 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 fxglobe Guide |
Read our In-Depth XM vs fxglobe Review - for 2024
This comprehensive analysis of XM and fxglobe has been revised for 2024 from knowledgeable insiders with considerable expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs fxglobe does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
fxglobe Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs fxglobe
Every trading platforms has some pros and cons, so a complete XM and fxglobe review would not be regarded as thorough without having a balanced approach.
Compare XM and fxglobe to understand the way they compare to each other before you decide to open an account. Performing a comparative analysis helps to put things into perspective in order that you are cognizant of the expectations.
So you are looking for a broker and are choosing between XM or fxglobe. Which one is best in 2024?
Our XM vs fxglobe comparison contains the latest information so you can easily compare fxglobe 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 area of trading demands expert assessing skills and comprehensive understanding. You will get adept at all of the concepts of brokerage as you continue trading. For starters, you need to select the right broker who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. XM and fxglobe are just two such companies which will take you along with your investment into great heights. It is crucial to compare XM vs fxglobe until you trust them with your money.
Our XM vs fxglobe comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and fxglobe side by side.
Our entire XM vs fxglobe Review covers all you need to learn about trading using either XM or fxglobe. A good agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully assess your broker before you choose them. It is a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can set your investments in danger.
XM and fxglobe are both brokers which have forged their way successfully to the brokerage world. In this review, we have attempted to collate a number of the vital aspects of both XM and fxglobe. This review can help you to understand whether either fxglobe or XM is a fantastic match for your investments or not. We have tried to breakdown all the features and fees for your advantage.
Benefits of XM and fxglobe Compared
XM has a minimum deposit of $5 while fxglobe has a $250 minimum deposit.
Why smaller minimum deposits are good and how XM and fxglobe 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 fxglobe has around 100 financial instruments on their platform.
The more financial instruments you can trade on the XM and fxglobe 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 fxglobe.
XM and fxglobe Contact Details
Being able to contact an online trading platform easily is important. XM and fxglobe have the following contact details and social medias that you can use.
Broker | XM | fxglobe |
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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 | fxglobe Twitter Account | |
XM Facebook Page | fxglobe Facebook Page | |
XM Instagram Account | fxglobe Instagram Account | |
XM LinkedIn Page | fxglobe LinkedIn Page | |
YouTube | XM YouTube Channel | fxglobe YouTube Channel |
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fxglobe 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 fxglobe 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 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 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 fxglobe - Awards
Broker | XM | fxglobe |
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Awards |
XM have won numerous industry awards over the time they have been operating as a financial broker. We list the most notable awards for XM below.
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At the time of writing this fxglobe review, and despite fxglobe’s impressive offering, the company has surprisingly not garnered any awards to date. |
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XM vs fxglobe - Frequently Asked Questions
XM vs fxglobe - Headquarters And Year Of Founding
XM was founded in 2009 and has its headquaters in Cyprus.
fxglobe was founded in 2012 and has its headquaters in Malta.
What is the minimum deposit for fxglobe or XM
The minimum deposit for XM is $5.
The minimum deposit for fxglobe 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 fxglobe are a good choice.
XM vs fxglobe - 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).
fxglobe 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-F243.
Both XM and fxglobe have a strong set of rules for ensuring honest trading onto their individual platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare XM vs fxglobe Commission And Fees
XM and fxglobe are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an online broker is not necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of penalties for this objective.
The first sort of fees to look out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you're paying a spread, funding speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight rates are those that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They are billed for operations like depositing money, not trading for long periods, or withdrawals.
In general, neither XM or fxglobe 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 sum. This can be beneficial for people who regularly trade, such as weekly or daily trading.
But, non-trading fees charged by XM and fxglobe are comparatively greater. As a result, you are billed more for non-trading activities in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of assets.
This XM vs fxglobe review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For XM And fxglobe
What Languages Do XM And fxglobe Support?
Being able to chat easily with your trading broker is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Here you will find all the languages that both XM and fxglobe offer communication in.
How Many Clients Do XM and fxglobe Have?
Both XM and fxglobe are well known and trusted. It is really important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users XM and fxglobe have
Broker | XM | fxglobe |
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Clients / Users | 3,500,000+ | 10,000+ |
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What Payment Methods Do XM and fxglobe Accept?
XM and fxglobe 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 fxglobe
What Can You Trade With XM and fxglobe?
XM offers 100 trading instruments whilst fxglobe offers 126.
Below you will find a full breakdown of what both XM and fxglobe offer.
XM Review
XM vs fxglobe:
Table Of Contents
- Compare XM vs fxglobe
- Benefits of XM and fxglobe Compared
- fxglobe and XM Mobile App Comparison
- XM vs fxglobe - Awards
- XM vs fxglobe - Frequently Asked Questions
- What is the minimum deposit for fxglobe or XM
- XM vs fxglobe - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And fxglobe
- What Languages Do XM And fxglobe Support?
- How Many Clients Do XM and fxglobe Have?
- What Payment Methods Do XM and fxglobe Accept?
- What Can You Trade With XM and fxglobe?