Degiro
XM
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Overview
Degiro was founded in 1934 and is headquartered in Netherlands, while XM was established in 2009 and is based in Cyprus. Degiro holds licences including Financial Conduct Authority (FCA), while XM is regulated by International Financial Services Commission(IFSC) among others. Degiro serves 600,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $0 at Degiro and $5 at XM.
| Feature | Degiro | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Regulation | Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 1934 | 2009 |
| Country | Netherlands | Cyprus |
| Clients | 600,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Degiro and XM, directly affecting your bottom line as a trader. Degiro has a lower barrier to entry with a minimum deposit of $0 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Degiro does not. The two brokers are broadly comparable on fee structure.
| Feature | Degiro | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Degiro 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 Degiro does not offer. The two brokers are closely matched on platform offering.
| Feature | Degiro | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4 | 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 Degiro and XM compare. XM runs regular live webinars; Degiro does not. Both provide video tutorials. XM publishes daily market commentary; Degiro 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 | Degiro | 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. Degiro 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 | Degiro | 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 Degiro and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Degiro supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Degiro | 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 |