Page Summary
XM Group and Forex.com are leading online brokers with top-tier regulations. XM is a MetaTrader broker with beginner-friendly platforms and tools. It has licenses from the FCA, ASIC, CySEC, and IFSC. This broker offers access to valuable educational content and market data. We recommend it for traders who want to improve their trading knowledge.
Forex.com is a forex trading broker with a versatile portfolio. It has top-tier licenses from IIROC, FSA, FCA, and CFTC. This broker has straightforward trading platforms and apps with some educational content. We recommend Forex.com for active forex traders.
Both brokerage firms have strengths and weaknesses. This article discusses the differences between XM Group and Forex.com.
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XM
Forex.com
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 1:50 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | $15 per month (after 12 months) |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 0.8 pips |
| Stocks & ETF | 0,1% – (min $5) | 0 + spread |
| CFD (Gold) | 3 pips | 0.8 |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0.50% |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 2.50% |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 91 |
| CFD Indices & Funds | 14 | 17 |
| CFD Stocks | 1286 | 9500 |
| CFD Commodities | 14 | 22 |
| CFD Crypto | 5 | 8 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. Forex.com review:
- XM is a popular beginner-friendly broke with excellent learning materials.
- Forex.com is a popular forex broker with excellent research data on forex.
- Both online brokers offer a demo account to test their offering.
Beginners choose XM Group because of its comprehensive research and educational content. We recommend Forex.com for forex trading for both experienced and beginner investors.
Level of experience
Beginner traders prefer XM Group over Forex.com XM has powerful educational features and materials, including training videos. It offers investor trading support and a demo account.
Forex.com offers some educational tools, including Trading Central and forex education. It has a demo account and many forex trading tools. We recommend it for traders at all levels.
Fees
The minimum deposit at XM starts at $5, while Forex.com has a standard fee of $100. The average EUR/USD spread at XM is 1.6, while at Forex.com is 1.4. Both brokers have a transparent fee structure.
Assets
Forex.com offers access to 91 forex currency pairs, while XM has 57 available pairs. Forex.com offers 4500 CFDs, while XM has 1372 available CFDs.
Trading platform
XM is a MetaTrader-only broker with the MT4 and MT5 suites. These are highly customizable and easy to learn. XM has useful research materials, including trading signals and articles. This broker offers valuable educational content, which is why it is a good fit for beginner investors.
Forex.com offers a premium forex trading app, a proprietary desktop and web platform. It has MT4 and MT5 with many trading tools. Forex.com offers a demo account and some research materials. We recommend it for experienced traders looking forward to the best forex trading services.
Banking services
Banking services contribute to a premium online trading experience. XM Group offers bank transfers, credit/debit cards, and Skrill. Forex.com has access to bank transfers, credit/debit cards, and PayPal.
Final verdict
XM Group and Forex.com are leading online brokers. Both have advantages and disadvantages, depending on your needs and trading experience. We recommend XM Group to beginner traders, as it has many learning tools. Forex.com is a better choice for professional traders searching for premium forex services.
XM compared to other brokers:
XM review