Robinhood
XM
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Overview
Robinhood was founded in 2013 and is headquartered in USA, while XM was established in 2009 and is based in Cyprus. Robinhood holds licences including Financial Conduct Authority (FCA), while XM is regulated by International Financial Services Commission(IFSC) among others. Robinhood serves 10,000,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $0 at Robinhood and $5 at XM.
| Feature | Robinhood | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Regulation | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2013 | 2009 |
| Country | USA | Cyprus |
| Clients | 10,000,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Robinhood and XM, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Robinhood does not. Robinhood charges deposit fees; XM does not. The two brokers are broadly comparable on fee structure.
| Feature | Robinhood | XM |
|---|---|---|
| Min. Deposit | $0 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Robinhood offers a proprietary platform, 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 | Robinhood | XM |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | 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 Robinhood 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. Robinhood scores higher overall in education and research.
| Feature | Robinhood | XM |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Robinhood accepts 1 of the tracked payment methods (bank transfer), while XM supports 3 (bank transfer, credit/debit card, Neteller). XM uniquely supports credit/debit card and Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | Robinhood | XM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | No | 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 Robinhood and XM offer live chat support. XM offers phone support; Robinhood does not. Email support is available at both brokers. Robinhood supports 13 languages and XM supports 20, giving XM broader global reach. XM scores higher overall on customer support in our assessment.
| Feature | Robinhood | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | Yes |
| Email Support | Yes | Yes |
| Languages | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |