Uniglobe Markets
XM
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Uniglobe Markets was founded in 2008 and is headquartered in Marshall Islands, while XM was established in 2009 and is based in Cyprus. Uniglobe Markets holds licences including Unregulated, while XM is regulated by International Financial Services Commission(IFSC) among others. Uniglobe Markets serves 10,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $10 at Uniglobe Markets and $5 at XM.
| Feature | Uniglobe Markets | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Regulation | Unregulated | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2008 | 2009 |
| Country | Marshall Islands | Cyprus |
| Clients | 10,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Uniglobe Markets and XM, directly affecting your bottom line as a trader. Uniglobe Markets has a lower barrier to entry with a minimum deposit of $10 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Uniglobe Markets does not. Uniglobe Markets charges deposit fees; XM does not. The two brokers are broadly comparable on fee structure.
| Feature | Uniglobe Markets | XM |
|---|---|---|
| Min. Deposit | $10 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
Uniglobe Markets offers MT4, 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 Uniglobe Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Uniglobe Markets | XM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Windows ├é┬¼├ó╦åÔÇÿ MacOS X. Multiple Terminal. Android. IOS. | 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 Uniglobe Markets and XM compare. XM runs regular live webinars; Uniglobe Markets does not. XM has a video library; Uniglobe Markets does not. XM publishes daily market commentary; Uniglobe Markets does not. XM integrates third-party research tools (Trading Central); Uniglobe Markets does not. XM maintains an archive of past webinars for on-demand viewing. XM scores higher overall in education and research.
| Feature | Uniglobe Markets | XM |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | 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. Uniglobe Markets 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 | Uniglobe Markets | 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 Uniglobe Markets and XM offer live chat support. Both provide phone support. Email support is available at both brokers. Uniglobe Markets supports 2 languages and XM supports 20, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | Uniglobe Markets | 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 |