Finq.com vs. XM Comparison

This comparison guide assists individuals who battle to select between Finq.com and XM to discover the most effective online broker for their trading and financial investment requirements. It examines the main features of both brokers side-by-side to aid users contrast their service and make an educated choice.

To assist customers choose the right broker in between Finq.com and XM to discover the best-suited platform, listed below is a listing of broker’s pros and cons, complied with by a contrast of their main trading features, consisting of trading platforms & tools, fees, mobile trading, deposit & withdrawal, assets, guideline, and consumer assistance.

Finq.com vs. XM: Summary

Finq-com-logo

Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.

Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.

Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

Pros

  • Low minimum deposit ($100)
  • Competitive spread from 0.14 pips (EUR/USD)
  • No hidden fees
  • Up to $4,000 welcome bonus for new traders
  • $10,000 free demo account

Cons

  • Limited regulation
  • High minimum deposit of $100
  • Lacks educational material and research resources

Pros

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

Key features

  • Competitive trading fees
  • Compatibility with MT4 and TradingCentral
  • Access to over 2,100 financial instruments
  • Free demo account availability
  • Fast registration and KYC on-boarding process
  • 24/5 support in English and Arabic

Key features

  • Access to 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

Finq.com vs. XM Comparison

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XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

Finq-com-logo
XM logo

Overall rating

3,4/5

4,1/5

Overall rating

3,4/5

4,1/5

Trading Platform & Tools

3.5

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 300:1 1:888
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

4.1

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee $50 if no trades after 3 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.8 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 0.3 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.4

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.0

3.8

See details
Minimum deposit (in UAE) $100.00 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

2.8

See details
Shares 0 100
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 55 55
CFD Indices & Funds 50 14
CFD Stocks 2000 1286
CFD Commodities 19 14
CFD Crypto 4 5
CFD Bonds 5 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Finq.com vs. XM Comparison Conclusion

The outcomes of our contrast of Finq.com vs. XM are wrapped up in the table below.

Broker:Best For:
Finq.comCFD Trading With Welcome Bonuses
XMResearch & Education

Picking the best selection between Finq.com and XM can be hard. Both on the internet brokers have similarities yet vary concerning trading instruments, platforms & applications, regulation, deposit & withdrawals, and study and education and learning. Choosing the very best broker depends upon individuals’ trading & investment goals, individual preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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