NordFX
XM
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Overview
NordFX was founded in 2008 and is headquartered in Mauritius, while XM was established in 2009 and is based in Cyprus. NordFX holds licences including VFSC (15008), while XM is regulated by International Financial Services Commission(IFSC) among others. NordFX serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $10 at NordFX and $5 at XM.
| Feature | NordFX | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Regulation | VFSC (15008) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 2009 |
| Country | Mauritius | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between NordFX and XM, directly affecting your bottom line as a trader. NordFX has a lower barrier to entry with a minimum deposit of $10 (vs $5 at XM). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | NordFX | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
NordFX offers MT4, MT5, 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. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | NordFX | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, 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 NordFX and XM compare. XM runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. XM publishes daily market commentary; NordFX does not. XM integrates third-party research tools (Trading Central); NordFX does not. XM maintains an archive of past webinars for on-demand viewing. The two brokers are evenly matched on educational content.
| Feature | NordFX | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | 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. NordFX accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while XM supports 3 (bank transfer, credit/debit card, Neteller). NordFX uniquely supports Skrill among the two brokers. NordFX scores higher on deposit and withdrawal flexibility.
| Feature | NordFX | 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 NordFX and XM offer live chat support. Both provide phone support. Email support is available at both brokers. NordFX supports 13 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | NordFX | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |