Ascot Securities
XM
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Overview
Ascot Securities was founded in 1996 and is headquartered in Estonia, while XM was established in 2009 and is based in Cyprus. Ascot Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while XM is regulated by International Financial Services Commission(IFSC) among others. Ascot Securities serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $25 at Ascot Securities and $5 at XM.
| Feature | Ascot Securities | XM |
|---|---|---|
| Min. Deposit | $25 | $5 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1996 | 2009 |
| Country | Estonia | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Ascot Securities and XM, directly affecting your bottom line as a trader. Ascot Securities has a lower barrier to entry with a minimum deposit of $25 (vs $5 at XM). Ascot Securities 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. Ascot Securities charges deposit fees; XM does not. Overall, XM scores higher on fees in our assessment.
| Feature | Ascot Securities | XM |
|---|---|---|
| Min. Deposit | $25 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Ascot Securities offers MT4, MT5, cTrader, while XM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Ascot Securities | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Desktop,Android,iPhone/iPad,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 Ascot Securities and XM compare. XM runs regular live webinars; Ascot Securities does not. Both provide video tutorials. XM publishes daily market commentary; Ascot Securities does not. Both integrate third-party research tools. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | Ascot Securities | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ascot Securities 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 | Ascot Securities | 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 Ascot Securities and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Ascot Securities supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Ascot Securities | 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 |