Forex EE
XM
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while XM was established in 2009 and is based in Cyprus. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while XM is regulated by International Financial Services Commission(IFSC) among others. Forex EE serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $100 at Forex EE and $5 at XM.
| Feature | Forex EE | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Regulation | Ministry of Economic Affairs in Estonia | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 2009 |
| Country | Grenadines | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Forex EE and XM, directly affecting your bottom line as a trader. Forex EE has a lower barrier to entry with a minimum deposit of $100 (vs $5 at XM). Forex EE charges withdrawal fees while XM does not, a notable advantage for frequent withdrawers. XM applies inactivity fees on dormant accounts; Forex EE does not. Overall, XM scores higher on fees in our assessment.
| Feature | Forex EE | XM |
|---|---|---|
| Min. Deposit | $100 | $5 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Forex EE offers 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 Forex EE does not offer. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | XM |
|---|---|---|
| MT4 | No | 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 Forex EE and XM compare. XM runs regular live webinars; Forex EE does not. Both provide video tutorials. XM publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE 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 | Forex EE | 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 Forex EE and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | 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 |