FreshForex
XM
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while XM was established in 2009 and is based in Cyprus. FreshForex holds licences including SVGFSA 20623 IBC 2012, while XM is regulated by International Financial Services Commission(IFSC) among others. FreshForex serves 710,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $1 at FreshForex and $5 at XM.
| Feature | FreshForex | XM |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Regulation | SVGFSA 20623 IBC 2012 | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2004 | 2009 |
| Country | Russia | Cyprus |
| Clients | 710,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and XM, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; FreshForex does not. The two brokers are broadly comparable on fee structure.
| Feature | FreshForex | XM |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, 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 | FreshForex | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex and XM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. XM integrates third-party research tools (Trading Central); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. FreshForex scores higher overall in education and research.
| Feature | FreshForex | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while XM supports 3 (bank transfer, credit/debit card, Neteller). FreshForex uniquely supports Skrill among the two brokers. FreshForex scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and XM offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |