test broker
XM
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Overview
test broker and XM are both established, regulated brokers. XM serves 3,500,000+ clients worldwide.
| Feature | test broker | XM |
|---|---|---|
| Min. Deposit | Not available | $5 |
| Regulation | Not available | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | Not available | 2009 |
| Country | Not available | Cyprus |
| Clients | Not available | 3,500,000+ |
Fees
Fees are a critical factor when choosing between test broker and XM, directly affecting your bottom line as a trader. Overall, XM scores higher on fees in our assessment.
| Feature | test broker | XM |
|---|---|---|
| Min. Deposit | Not available | $5 |
| Withdrawal Fees | Not available | No |
| Inactivity Fees | Not available | Yes |
| Deposit Fees | Not available | No |
| CFD Fees | Not available | No |
Platforms
XM supports social and copy trading features, which test broker does not offer. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | test broker | XM |
|---|---|---|
| MT4 | Not available | Yes |
| MT5 | Not available | Yes |
| cTrader | Not available | Yes |
| Windows App | Not available | Yes |
| iOS App | Not available | Yes |
| Android App | Not available | Yes |
| Trading Platforms | Not available | 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 test broker and XM compare. XM runs regular live webinars; test broker does not. XM has a video library; test broker does not. XM publishes daily market commentary; test broker does not. XM integrates third-party research tools (Trading Central); test broker does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | test broker | XM |
|---|---|---|
| Forex Education | Not available | No |
| CFD Education | Not available | Yes |
| Weekly Webinars | Not available | Yes |
| Daily Commentary | Not available | Yes |
| Trading Central | Not available | Yes |
| Autochartist | Not available | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. XM uniquely supports bank transfer and credit/debit card and Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | test broker | XM |
|---|---|---|
| Bank Transfer | Not available | Yes |
| Credit Card | Not available | Yes |
| PayPal | Not available | No |
| Skrill | Not available | No |
| Neteller | Not available | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. XM offers live chat; test broker does not, making XM easier to reach in real time. XM offers phone support; test broker does not. XM offers email support; no email support was found for test broker. XM offers multilingual support. XM scores higher overall on customer support in our assessment.
| Feature | test broker | XM |
|---|---|---|
| Live Chat | Not available | Yes |
| Phone Support | Not available | Yes |
| Email Support | Not available | Yes |
| Languages | Not available | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |