XM vs the share centre, 2024 Update
XM Rating
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the share centre 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 the share centre Guide |
Read our In-Depth XM vs the share centre Review - for 2024
Our XM vs the share centre review has been refreshed to reflect any changes for 2024 by seasoned professionals boasting extensive expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of XM vs the share centre does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
the share centre Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs the share centre
All online trading platforms will have certain advantages and disadvantages, so any comprehensive analysis of XM vs the share centre would not be regarded as thorough without embracing a fair assessment.
Examine the share centre and XM to get a better understanding of the way they line up with one another before you make an account. Performing a comprehensive comparison can bring aspects in perspective so that you remain informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between XM or the share centre. Who is better in 2024?
Our XM vs the share centre comparison contains the most recent information so you can easily compare the share centre 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 area of trading demands expert assessing skills and thorough understanding. You will get proficient at all the concepts of broker as you keep trading. For starters, you need to choose the ideal agent who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. XM and the share centre are just two such platforms which will take you along with your investment to great heights. It's important to compare XM vs the share centre before you trust them with your money.
Our XM vs the share centre comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and the share centre side by side.
Our full XM vs the share centre Review covers everything you will need to learn about trading using either XM or the share centre. A good agent can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; thus, you should carefully assess your agent before you choose them. It's a frequent misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
XM and the share centre are both brokers which have paved their way successfully into the brokerage world. In this review, we have attempted to collate a number of the important facets of both XM and the share centre. This review can allow you to understand whether either the share centre or XM is a good match for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of XM and the share centre Compared
XM offers a minimum deposit of $5 while the share centre offers a $250 minimum deposit.
Why smaller minimum deposits are good and how XM and the share centre 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 while the share centre allows you to trade around 100 on their platform.
The more instruments you can trade on the XM and the share centre 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 the share centre.
XM and the share centre Contact Details
Being able to contact your broker simply is a sign of a professional broker. XM and the share centre have the following contact details and social medias that you can use.
Broker | XM | the share centre |
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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 | the share centre Twitter Account | |
XM Facebook Page | the share centre Facebook Page | |
XM Instagram Account | the share centre Instagram Account | |
XM LinkedIn Page | the share centre LinkedIn Page | |
YouTube | XM YouTube Channel | the share centre YouTube Channel |
Find Out More |
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the share centre 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 the share centre 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 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 the share centre - Awards
Broker | XM | the share centre |
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Awards |
XM have won numerous industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for XM here.
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At the time of writing this the share centre review, and despite the share centre’s impressive offering, the company has surprisingly not garnered any awards to date. |
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XM vs the share centre - Frequently Asked Questions
XM vs the share centre - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
the share centre was founded in 2019 and has its head office in Bulgaria.
What is the minimum deposit for the share centre or XM
The minimum deposit for XM is $5.
The minimum deposit for the share centre is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XM and the share centre are a good option.
XM vs the share centre - 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).
the share centre 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-F322.
Both XM and the share centre have a strong set of rules for ensuring honest trading onto their platforms. For information 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. This includes credit history and other financial information.
Compare XM vs the share centre Commission And Fees
XM and the share centre are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced 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 earn money. There are mainly 3 types of fees for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading fees. In such instances, you are paying a spread, financing rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither XM or the share centre charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.
But, non-trading fees billed by XM and the share centre are relatively competitive. Consequently, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of resources.
This XM vs the share centre review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For XM And the share centre
What Languages Do XM And the share centre Support?
Being able to communicate easily with your trading platform is a key part of comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both XM and the share centre offer communication in.
How Many Clients Do XM and the share centre Have?
Both XM and the share centre are well established with their client base. It is really 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 clients XM and the share centre have
Broker | XM | the share centre |
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Clients / Users | 3,500,000+ | 60,000+ |
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What Payment Methods Do XM and the share centre Accept?
XM and the share centre 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 the share centre
What Can You Trade With XM and the share centre?
XM offers 100 trading instruments while the share centre offers 205.
Below you will find a full breakdown of what both XM and the share centre offer.
XM Review
XM vs the share centre:
Table Of Contents
- Compare XM vs the share centre
- Benefits of XM and the share centre Compared
- the share centre and XM Mobile App Comparison
- XM vs the share centre - Awards
- XM vs the share centre - Frequently Asked Questions
- What is the minimum deposit for the share centre or XM
- XM vs the share centre - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And the share centre
- What Languages Do XM And the share centre Support?
- How Many Clients Do XM and the share centre Have?
- What Payment Methods Do XM and the share centre Accept?
- What Can You Trade With XM and the share centre?