FXCM vs XM

Compare FXCM vs XM Side by Side

Comparing FXCM and XM to see which broker is better for your trading strategy? We have conducted an in-depth analysis between FXCM Review and XM Review, and compared trading conditions including fees, safety, licensing, available trading platforms, instrument options, deposits, and withdrawals, as well as other critical aspects side by side.

While both FXCM vs XM have a good reputation, FXCM holds a distinct advantage due to its Top-tier FCA license in the UK. The authority is recognized for its strict guidelines and strong customer protection measures. On the other hand, XM is under the oversight of CySEC, which, while slightly more lenient in its framework, remains reputable.

Both FXCM vs XM brokers, operating as STP/NDD Brokers, are better for price transparency and competitive trading conditions. Their commitment to swift and efficient execution has increased customer trust and confidence.

FXCM vs XM are very similar in terms of conditions, they both offer competitive and tight spreads, a wide range of trading instruments, automated trading, hedging, scalping, social trading, and more. FXCM offers lower spreads in contrast to XM, whereas XM presents a range of account options featuring lower minimum deposit requirements, except Shares Account type.

FXCM’s spreads are relatively lower than those offered by XM. However, the fee structures for both brokers are relatively alike, although XM does not impose fees for deposits or withdrawals, whereas FXCM includes withdrawal fees.

XM offers Micro, Standard, XM Ultra Low, and Shares  Accounts. Islamic accounts are also allowed while trading with the broker. At the same time, FXCM has only one Standard Account to offer.

Both FXCM and XM offer a diverse range of trading products. FXCM provides access to various currency pairs, including majors, minors, and exotic pairs, as well as CFDs on commodities, indices, and cryptocurrencies. XM, on the other hand, extends its product offerings to include Forex pairs, CFDs on commodities, indices, stocks, and precious metals, providing traders with a broader selection of instruments to diversify their portfolios and trading strategies.

FXCM primarily offers its proprietary Trading Station platform, known for its user-friendly interface and advanced charting tools. Additionally, the broker provides access to the popular MT4 platform for traders who prefer its extensive features.

XM, on the other hand, offers the widely used MT4 and MT5 trading platforms, which are favored by traders for their versatility, third-party plugin compatibility, and comprehensive trading tools.

Both FXCM and XM offer a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallet options, providing flexibility for clients to choose their preferred payment methods. Additionally, XM stands out by not charging fees for deposits or withdrawals, making it an attractive choice for traders seeking cost-effective transactions.

FXCM vs XM both prioritize trader education and support, offering resources such as video tutorials, webinars, seminars, etc. They both provide telephone support and live chat, however, customer support is 24/5 for both of them.

Conclusion on XM vs FXCM

In summary, comparing FXCM vs XM, we found that both brokers are reliable and well-regulated with years of experience. They offer favorable trading conditions, competitive pricing on spreads and fees, a diverse range of trading instruments, and access to advanced trading platforms. Additionally, they both provide comprehensive educational materials that are essential for beginner traders.

However, we advise conducting thorough research to ensure you choose the broker that best suits your preferences while adhering to the regulated trading environments.

• FXCM — Best Broker for Competitive Spreads characterized by low spreads and fees.
• XM — Best EA/Auto Trading Broker with advanced MetaTrader platforms.