Bithumb
XM
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Bithumb was founded in 2009 and is headquartered in Hong Kong, while XM was established in 2009 and is based in Cyprus. Bithumb holds licences including Unregulated, while XM is regulated by International Financial Services Commission(IFSC) among others. Bithumb serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $500 at Bithumb and $5 at XM.
| Feature | Bithumb | XM |
|---|---|---|
| Min. Deposit | $500 | $5 |
| Regulation | Unregulated | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2009 | 2009 |
| Country | Hong Kong | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Bithumb and XM, directly affecting your bottom line as a trader. XM has a lower barrier to entry with a minimum deposit of $5 (vs $500 at Bithumb). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Bithumb does not. Overall, XM scores higher on fees in our assessment.
| Feature | Bithumb | XM |
|---|---|---|
| Min. Deposit | $500 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Bithumb 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 | Bithumb | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | iPhone/iPad,iOS,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 Bithumb and XM compare. XM runs regular live webinars; Bithumb does not. XM has a video library; Bithumb does not. XM publishes daily market commentary; Bithumb does not. XM integrates third-party research tools (Trading Central); Bithumb does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | Bithumb | 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. Bithumb 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 | Bithumb | 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 Bithumb and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Bithumb supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Bithumb | 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 |