Uphold
XM
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Overview
Uphold was founded in 2013 and is headquartered in United States, while XM was established in 2009 and is based in Cyprus. Uphold holds licences including FCA and FINCEN: Uphold Europe Limited, while XM is regulated by International Financial Services Commission(IFSC) among others. Uphold serves 4,000,000+ clients worldwide; XM has 3,500,000+. The minimum deposit is $1 at Uphold and $5 at XM.
| Feature | Uphold | XM |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Regulation | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Founded | 2013 | 2009 |
| Country | United States | Cyprus |
| Clients | 4,000,000+ | 3,500,000+ |
Fees
Fees are a critical factor when choosing between Uphold and XM, directly affecting your bottom line as a trader. Uphold 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; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | Uphold | XM |
|---|---|---|
| Min. Deposit | $1 | $5 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Uphold offers a proprietary platform, while XM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. XM supports social and copy trading features, which Uphold does not offer. XM edges ahead on platform breadth and functionality in our scoring.
| Feature | Uphold | 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, Desktop & 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 Uphold and XM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. XM publishes daily market commentary; Uphold does not. XM integrates third-party research tools (Trading Central); Uphold does not. Archived webinars are available at both brokers for self-paced learning. XM scores higher overall in education and research.
| Feature | Uphold | XM |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | Yes | 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. Uphold 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 | Uphold | 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 Uphold and XM offer live chat support. XM offers phone support; Uphold does not. Email support is available at both brokers. Uphold supports 1 language and XM supports 20, giving XM broader global reach. XM scores higher overall on customer support in our assessment.
| Feature | Uphold | XM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | No | 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 |