AJ Bell
XM
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Overview
AJ Bell was founded in 1997 and is headquartered in UK, while XM was established in 2009 and is based in Cyprus. AJ Bell holds licences including Central Bank of UAE, while XM is regulated by International Financial Services Commission(IFSC) among others. AJ Bell serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $100 at AJ Bell and $5 at XM.
| Feature | AJ Bell | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Central Bank of UAE | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1997 | 2009 |
| Country | UK | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between AJ Bell and XM, directly affecting your bottom line as a trader. AJ Bell has a lower barrier to entry with a minimum deposit of $100 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; AJ Bell does not. Overall, XM scores higher on fees in our assessment.
| Feature | AJ Bell | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AJ Bell offers MT5, cTrader, while XM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. XM supports social and copy trading features, which AJ Bell does not offer. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | AJ Bell | XM |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone,Mac | 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 AJ Bell and XM compare. XM runs regular live webinars; AJ Bell does not. XM has a video library; AJ Bell does not. XM publishes daily market commentary; AJ Bell does not. XM integrates third-party research tools (Trading Central); AJ Bell does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | AJ Bell | 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. AJ Bell accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while XM supports 3 (bank transfer, credit/debit card, Neteller). XM uniquely supports Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | AJ Bell | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | 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. Both AJ Bell and XM offer live chat support. Both provide phone support. Email support is available at both brokers. AJ Bell supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | AJ Bell | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | 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 |