AB Forex
XM
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while XM was established in 2009 and is based in Cyprus. AB Forex holds licences including Unregulated, while XM is regulated by International Financial Services Commission(IFSC) among others. AB Forex serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $100 at AB Forex and $5 at XM.
| Feature | AB Forex | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Unregulated | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2003 | 2009 |
| Country | STOCKHOLM | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and XM, directly affecting your bottom line as a trader. AB Forex has a lower barrier to entry with a minimum deposit of $100 (vs $5 at XM). AB Forex charges withdrawal fees while XM does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; XM does not. Overall, XM scores higher on fees in our assessment.
| Feature | AB Forex | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
XM supports social and copy trading features, which AB Forex does not offer. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | XM |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and XM compare. XM runs regular live webinars; AB Forex does not. XM has a video library; AB Forex does not. XM publishes daily market commentary; AB Forex does not. XM integrates third-party research tools (Trading Central); AB Forex does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | AB Forex | XM |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. XM uniquely supports bank transfer and credit/debit card and Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | XM |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. XM offers live chat; AB Forex does not, making XM easier to reach in real time. XM offers phone support; AB Forex does not. XM offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and XM supports 20, giving XM broader global reach. XM scores higher overall on customer support in our assessment.
| Feature | AB Forex | XM |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |