XM
Zacks Trade
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Overview
XM was founded in 2009 and is headquartered in Cyprus, while Zacks Trade was established in 2008 and is based in United States. XM holds licences including International Financial Services Commission(IFSC), while Zacks Trade is regulated by Unregulated among others. XM serves 3,500,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $5 at XM and $2500 at Zacks Trade.
| Feature | XM | Zacks Trade |
|---|---|---|
| Min. Deposit | $5 | $2500 |
| Regulation | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2009 | 2008 |
| Country | Cyprus | United States |
| Clients | 3,500,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between XM and Zacks Trade, directly affecting your bottom line as a trader. Zacks Trade has a lower barrier to entry with a minimum deposit of $2500 (vs $5 at XM). Neither broker charges withdrawal fees. XM applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; XM does not. Overall, XM scores higher on fees in our assessment.
| Feature | XM | Zacks Trade |
|---|---|---|
| Min. Deposit | $5 | $2500 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
XM offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. XM supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | XM | Zacks Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how XM and Zacks Trade 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. Zacks Trade scores higher overall in education and research.
| Feature | XM | Zacks Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. XM accepts 3 of the tracked payment methods (bank transfer, credit/debit card, Neteller), while Zacks Trade supports 2 (bank transfer, credit/debit card). XM uniquely supports Neteller among the two brokers. XM scores higher on deposit and withdrawal flexibility.
| Feature | XM | Zacks Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both XM and Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. XM supports 20 languages and Zacks Trade supports 2, giving XM broader global reach. Both brokers are comparable on support quality.
| Feature | XM | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, and Chinese |