XM vs afx group, Updated for 2024
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 - for 2024
Our XM vs afx group review has been revised for 2024 by industry experts with considerable expertise across Social Trading, Forex, & 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
Every platforms for online trading feature a few pros and cons, and a complete review of XM and afx group would not be regarded as thorough without having an objective perspective.
Assess afx group and XM to get a better understanding of just how these platforms compare to one another before you make an account. A comparative analysis helps to place factors into perspective in order that you are informed about what to expect.
So you are looking for a professional broker and are choosing between XM or afx group. Who is better 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 world of trading and brokerages, so many facts will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to choose the right agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. XM and afx group are just two such platforms that will take you and your investment into 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 everything you need to learn about trading with either XM or afx group. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to make profits, you must trade with a broker service that aligns with your investment goals.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It is a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
XM and afx group are both brokers which have forged their way successfully to the broker world. In this review, we've tried to collate a number of the important facets 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 investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Benefits of XM and afx group Compared
XM offers a minimum deposit of $5 while afx group offers 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 while 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 seriously do not 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 your broker simply is important. 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 |
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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.
Overall, we rate 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 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 numerous industry awards over the time they have been running as an online trading platform. We show the most notable 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 head office 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 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 afx group are a good choice.
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 powerful set of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, customer information 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 brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of penalties for this objective.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, financing speed, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are those that are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your account. They are charged for operations like depositing cash, not investing for lengthy periods, or withdrawals.
In general, neither XM or afx group 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 smaller amount. This is beneficial for people who regularly exchange, such as daily or weekly trading.
However, non-trading fees charged by XM and afx group are relatively lower. Consequently, you are charged more for non-trading activities in your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of resources.
This XM vs afx group review for 2024 breaks down each 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 platform is a key part of comparing brokers to find the best 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 forex.
Here 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 easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers XM and afx group are active on their platform
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 whilst 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?