XM vs FxPro, for 2024
Read our In-Depth XM vs FxPro Review - Updated for 2024
This XM vs FxPro review has been refreshed for 2024 by seasoned professionals with significant financial experience across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of XM vs FxPro does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
FxPro Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs FxPro
Each trading platforms feature some advantages and disadvantages, so a complete XM and FxPro review would not be regarded as thorough without adopting a fair assessment.
Compare XM and FxPro in order to understand the way they compare to one another before you open an account. Performing a comparative analysis will put things in perspective so that you are aware of what you should anticipate.
So you are looking for a reputable broker and are choosing between XM or FxPro. Which one is best in 2024?
This XM vs FxPro comparison contains the latest information so you can easily compare FxPro against XM.
If you are a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of brokerage since you continue trading. For starters, you have to select the ideal agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. XM and FxPro are just two such stages which will take you along with your investment to great heights. It is important to compare XM vs FxPro until you trust them with your money.
Our XM vs FxPro comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and FxPro side by side.
Our full XM vs FxPro Review covers everything you will need to know about trading with either XM or FxPro. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you choose them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
XM and FxPro are both brokers which have paved their way successfully into the broker world. In this review, we've tried to collate a number of the important aspects of both XM and FxPro. This review can help you to understand whether either FxPro or XM is a fantastic fit for your investments or not. We've tried to breakdown all of the features and charges for your advantage.
Benefits of XM and FxPro Compared
XM has a minimum deposit of $5 while FxPro offers a $100 minimum deposit.
Why smaller minimum deposits are good and how XM and FxPro 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 whilst FxPro has around 100 on their platform.
The more financial instruments you can trade on the XM and FxPro 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 FxPro.
XM and FxPro Contact Details
Being able to contact your broker simply is important. XM and FxPro have the following contact details and social medias that you can use.
Broker | XM | FxPro |
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Telephone Number | +357 250 29933 | +44 203 151 5550 |
support@xm.com | support@fxpro.com | |
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | 13-14 Basinghall street, London, City of London EC2V 5BQ" |
XM Twitter Account | FxPro Twitter Account | |
XM Facebook Page | FxPro Facebook Page | |
XM Instagram Account | FxPro Instagram Account | |
XM LinkedIn Page | FxPro LinkedIn Page | |
YouTube | XM YouTube Channel | FxPro YouTube Channel |
Find Out More |
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FxPro 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 FxPro 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 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin 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 FxPro - Awards
Broker | XM | FxPro |
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Awards |
XM have won many industry awards over the time they have been operating as a financial broker. We show the most notable awards for XM here.
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FxPro have won many industry awards over the years they have been operating as a financial broker. We list the most recognised awards for FxPro here.
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Find Out More |
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XM vs FxPro - Frequently Asked Questions
XM vs FxPro - Headquarters And Year Of Founding
XM was founded in 2009 and has its headquaters in Cyprus.
FxPro was founded in 2006 and has its head office in UK.
What is the minimum deposit for FxPro or XM
The minimum deposit for XM is $5.
The minimum deposit for FxPro is $100.
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 FxPro are a good option.
XM vs FxPro - 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).
FxPro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA).
Both XM and FxPro have a strong set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare XM vs FxPro Commission And Fees
XM and FxPro are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
However, this does not mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly 3 types of penalties for this purpose.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these cases, you're paying a spread, financing speed, or even a commission. The sorts of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those that are billed when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither XM or FxPro 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 often trade, for example weekly or daily trading.
But, non-trading fees charged by XM and FxPro are comparatively competitive. As a result, you are billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This XM vs FxPro review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For XM And FxPro
What Languages Do XM And FxPro Support?
Being able to talk completely with your trading broker is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Here you can find the languages that both XM and FxPro offer communication in.
How Many Clients Do XM and FxPro Have?
Both XM and FxPro are well established with their customer base. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users XM and FxPro are active on their platform
What Payment Methods Do XM and FxPro Accept?
XM and FxPro 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 FxPro
What Can You Trade With XM and FxPro?
XM offers 100 trading instruments and FxPro offers 250.
Below you will find a full breakdown of what both XM and FxPro offer.
XM Review
XM vs FxPro:
Table Of Contents
- Compare XM vs FxPro
- Benefits of XM and FxPro Compared
- FxPro and XM Mobile App Comparison
- XM vs FxPro - Awards
- XM vs FxPro - Frequently Asked Questions
- What is the minimum deposit for FxPro or XM
- XM vs FxPro - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And FxPro
- What Languages Do XM And FxPro Support?
- How Many Clients Do XM and FxPro Have?
- What Payment Methods Do XM and FxPro Accept?
- What Can You Trade With XM and FxPro?