Chase Bank
XM
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Overview
Chase Bank was founded in 1975 and is headquartered in United States, while XM was established in 2009 and is based in Cyprus. Chase Bank holds licences including Australian Securities and Investment Commission (ASIC), while XM is regulated by International Financial Services Commission(IFSC) among others. Chase Bank serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $100 at Chase Bank and $5 at XM.
| Feature | Chase Bank | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Australian Securities and Investment Commission (ASIC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1975 | 2009 |
| Country | United States | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Chase Bank and XM, directly affecting your bottom line as a trader. Chase Bank 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; Chase Bank does not. Overall, XM scores higher on fees in our assessment.
| Feature | Chase Bank | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Chase Bank offers MT4, 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 Chase Bank does not offer. The two brokers are closely matched on platform offering.
| Feature | Chase Bank | 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 Chase Bank and XM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Chase Bank scores higher overall in education and research.
| Feature | Chase Bank | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Chase Bank 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 | Chase Bank | 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 Chase Bank and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Chase Bank supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Chase Bank | 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 |