Forex.com
XM
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Overview
Forex.com was founded in 2001 and is headquartered in United States, while XM was established in 2009 and is based in Cyprus. Forex.com holds licences including Financial Conduct Authority (FCA), while XM is regulated by International Financial Services Commission(IFSC) among others. Forex.com serves 150,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is Typical at Forex.com and $5 at XM.
| Feature | Forex.com | XM |
|---|---|---|
| Min. Deposit | Typical | $5 |
| Regulation | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2001 | 2009 |
| Country | United States | Cyprus |
| Clients | 150,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Forex.com and XM, directly affecting your bottom line as a trader. XM has a lower barrier to entry with a minimum deposit of $5 (vs Typical at Forex.com). Forex.com 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. Forex.com charges deposit fees; XM does not. Overall, XM scores higher on fees in our assessment.
| Feature | Forex.com | XM |
|---|---|---|
| Min. Deposit | Typical | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Forex.com 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 | Forex.com | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and 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 Forex.com 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. The two brokers are evenly matched on educational content.
| Feature | Forex.com | XM |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex.com accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while XM supports 3 (bank transfer, credit/debit card, Neteller). Forex.com uniquely supports PayPal among the two brokers. XM uniquely supports Neteller among the two brokers. Forex.com scores higher on deposit and withdrawal flexibility.
| Feature | Forex.com | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 Forex.com and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Forex.com supports 3 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Forex.com | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Arabic | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |