XM vs Oinvest, for 2024
Read our In-Depth XM vs Oinvest Review - for 2024
Our XM vs Oinvest review has been refreshed for 2024 by seasoned professionals boasting considerable expertise in Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of XM vs Oinvest does not apply to all countries as follows:
XM Excluded Countries
Canada, Israel, and United States of America.
Oinvest Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare XM vs Oinvest
All online trading platforms has a few ups and downs, and any comprehensive review of XM and Oinvest should not be regarded as thorough without embracing a fair assessment.
Examine Oinvest and XM to understand how they line up with each other prior to you make an account. A comparative analysis helps to place factors into perspective to ensure that you're cognizant of what you should anticipate.
So you are looking for a broker and are choosing between XM or Oinvest. Which one is best in 2024?
This XM vs Oinvest comparison contains the most recent information so you can easily compare Oinvest against XM.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you continue trading. For starters, you have to choose the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. XM and Oinvest are just two such platforms that will take you along with your investment to great heights. It's crucial to compare XM vs Oinvest before you trust them with your cash.
Our XM vs Oinvest comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XM and Oinvest side by side.
Our entire XM vs Oinvest Review covers everything you need to learn about trading using either XM or Oinvest. A good broker can multiply your first investments and give you favorable profits. If you want to earn profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your broker before you select them. It's a common misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
XM and Oinvest are both brokers which have paved 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 Oinvest. This review can allow you to understand whether either Oinvest or XM is a good fit for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of XM and Oinvest Compared
XM has a minimum deposit of $5 while Oinvest has a $200 minimum deposit.
Why smaller minimum deposits are good and how XM and Oinvest 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 Oinvest has around 100 available.
The more instruments you can trade on the XM and Oinvest 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 never want to miss out on a trading opportunity due to the limitations of XM or Oinvest.
XM and Oinvest Contact Details
Being able to contact your broker simply is important. XM and Oinvest have the following contact details and social medias that you can use.
Broker | XM | Oinvest |
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Telephone Number | +357 250 29933 | +44 203 519 6460 |
support@xm.com | support@oinvest.com | |
Address | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus | Vyzantiou, 40 1st Floor, Flat/Office 101, Strovolos, 2064, Nicosia, Cyprus |
XM Twitter Account | Oinvest Twitter Account | |
XM Facebook Page | Oinvest Facebook Page | |
XM Instagram Account | Oinvest Instagram Account | |
XM LinkedIn Page | Oinvest LinkedIn Page | |
YouTube | XM YouTube Channel | Oinvest YouTube Channel |
Find Out More |
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Oinvest 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 Oinvest we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the 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
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 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 Oinvest - Awards
Broker | XM | Oinvest |
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Awards |
XM have won a lot of industry awards over the years they have been running as a financial broker. We show the most recognised awards for XM here.
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Oinvest have won several industry awards over the time they have been operating as a financial broker. We list the most notable awards for Oinvest here.
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Find Out More |
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XM vs Oinvest - Frequently Asked Questions
XM vs Oinvest - Headquarters And Year Of Founding
XM was founded in 2009 and has its head office in Cyprus.
Oinvest was founded in 2019 and has its head office in South Africa.
What is the minimum deposit for Oinvest or XM
The minimum deposit for XM is $5.
The minimum deposit for Oinvest is $200.
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 Oinvest are a good option.
XM vs Oinvest - 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).
Oinvest is regulated by Southern African Financial Sector Conduct Authority (FSCA).
Both XM and Oinvest have a strong set of rules for ensuring honest trading onto their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare XM vs Oinvest Commission And Fees
XM and Oinvest are online brokerage platforms, and many 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 better. That is, an online broker is not necessarily influenced 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 a variety of services to make money. There are mainly 3 different types of fees 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 fees. In these cases, you're spending a spread, financing rate, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your account. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither XM or Oinvest charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who often exchange, for example daily or weekly trading.
However, non-trading fees charged by XM and Oinvest are comparatively competitive. As a result, you are billed more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of resources.
This XM vs Oinvest review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For XM And Oinvest
What Languages Do XM And Oinvest Support?
Being able to chat easily with your trading broker is a key element when comparing brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both XM and Oinvest offer communication in.
How Many Clients Do XM and Oinvest Have?
Both XM and Oinvest are well established with their customer base. It is important to work with a broker that is professional 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 Oinvest are working with
What Payment Methods Do XM and Oinvest Accept?
XM and Oinvest 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 Oinvest
What Can You Trade With XM and Oinvest?
XM offers 100 trading instruments and Oinvest offers 350.
Below you will find a full breakdown of what both XM and Oinvest offer.
XM Review
XM vs Oinvest:
Table Of Contents
- Compare XM vs Oinvest
- Benefits of XM and Oinvest Compared
- Oinvest and XM Mobile App Comparison
- XM vs Oinvest - Awards
- XM vs Oinvest - Frequently Asked Questions
- What is the minimum deposit for Oinvest or XM
- XM vs Oinvest - Regulation And Licencing In More Detail
- Compare Broker Fees For XM And Oinvest
- What Languages Do XM And Oinvest Support?
- How Many Clients Do XM and Oinvest Have?
- What Payment Methods Do XM and Oinvest Accept?
- What Can You Trade With XM and Oinvest?