EagleFX
XM
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while XM was established in 2009 and is based in Cyprus. EagleFX holds licences including Unregulated, while XM is regulated by International Financial Services Commission(IFSC) among others. EagleFX serves 5,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $10 at EagleFX and $5 at XM.
| Feature | EagleFX | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Regulation | Unregulated | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2019 | 2009 |
| Country | Dominica | Cyprus |
| Clients | 5,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and XM, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $5 at XM). EagleFX 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. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while XM supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | 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 EagleFX and XM compare. XM runs regular live webinars; EagleFX does not. XM has a video library; EagleFX does not. XM publishes daily market commentary; EagleFX does not. XM integrates third-party research tools (Trading Central); EagleFX does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | EagleFX | 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. EagleFX 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 | EagleFX | 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 EagleFX and XM offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | 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 |