Interactive Brokers and XM Group are leading brokerage firms with excellent services. Interactive Brokers is a safe broker with licenses from the IIROC, FINMA, FSA, FCA, MAS, SFC, and CFTC. It has a proprietary platform and a premium app. We recommend it for professionals, as it has premium platforms and services.
XM Group is a MetaTrader-only broker with beginner-friendly services. It has licenses from the ASIC, FCA, CySEC, and IFSC. XM offers access to leading educational content and market research. It is an excellent choice for new traders who want to improve their trading knowledge.
This article discusses the strengths and weaknesses of Interactive Brokers and XM Group.
|Broker Name||Interactive Brokers||XM Group|
|Regulation||SEC (USA), FCA (UK)||ASIC, FCA, CySEC, IFSC|
|Tradable Assets||Stock, ETF, Forex, Fund, Bond, Options, Futures, |
CFD, Crypto, Warrants, Structured Products
|Platforms||Traders Workstation (TWS)||MT4, MT5|
|Deposit||You can open account without deposit||Free of charge|
|Withdrawals||Free of charge for the first withdrawal in calendar month||Free of charge|
Top findings from the Interactive Brokers vs. XM Group review:
- Interactive Brokers is a leading online broker with professional tools and platforms.
- XM is a beginner-friendly broker with a reliable learning center.
- Both brokers offer a virtual trading account to test their offering.
Professionals choose Interactive Brokers because of its industry-leading trading tools. We recommend XM Group to new investors as it offers many learning and research materials.
|Feature||Interactive Brokers||XM Group|
|Commissions & Fees||4.5||4|
|Offering of Investments||5||4|
|Platforms & Tools||4.5||4|
|66% of retail CFD accounts lose money||77.29% of retail CFD accounts lose money|
Level of experience
Professional traders choose Interactive Brokers over XM. This broker offers an impressive trading experience with its premium platforms and tools. It has some research tools, including forex news and Trading Central.
XM Group offers the complete MetaTrader suite. It has investor trading support and a demo account for testing its services. This broker is a good choice for new traders as it has many learning tools and materials.
The minimum initial deposit at XM Group ranges from $5 to $100, while Interactive Brokers doesn’t charge a fee. Both brokers display transparent fee structures on their websites.
Interactive Brokers has 105 forex currency pairs, while XM Group offers 57 pairs. Interactive Brokers provides access to 7400 CFDs, while XM has 1273 available CFDs.
Interactive Brokers offers industry-leading desktop and web platforms. It has valuable research and educational tools, including advanced trading videos. We recommend it for experienced traders, as its platforms are challenging to learn by beginners.
XM offers the MT4 and MT5 suites, but it doesn’t have a proprietary platform. These suites are highly customizable and user-friendly. XM has a comprehensive research center with articles, charting, and trading signals. This broker has diverse educational content, which is why it is a good choice for new investors.
Banking services represent an asset when trading online. Interactive Brokers allows traders to fund their accounts with bank transfers. XM Group offers bank transfers, credit/debit cards, and Skrill.
Interactive Brokers and XM Group are leading brokerage firms. Both have strengths and weaknesses depending on your trading skills and experience. Interactive Brokers is a good fit for professionals and active traders. We recommend XM to new investors as it has many educational and research tools.
Interactive Brokers compared to other brokers:
- Interactive Brokers vs AVAtrade
- Interactive Brokers vs Pepperstone
- Interactive Brokers vs TD Ameritrade
- Interactive Brokers vs XTB
- Interactive Brokers vs XM
- Interactive Brokers vs Moneta Markets
- Interactive Brokers vs Fxpro
- Interactive Brokers vs FP Markets
- Interactive Brokers vs Eightcap
- Interactive Brokers vs City Index
- Interactive Brokers vs IG
- Interactive Brokers vs Tickmill
- Interactive Brokers vs CMC Markets
- Interactive Brokers vs Forex.com
- Interactive Brokers vs Swissquote
- Interactive Brokers vs VT Markets
- Interactive Brokers vs HYCM
- Interactive Brokers VS Vantage FX
- Interactive Brokers vs OandA
- Interactive Brokers vs IC Markets
- Interactive Brokers vs FXCM
- Interactive Brokers Review
- Interactive Brokers Fees Explained
- Interactive Brokers Minimum Deposit
- Interactive Brokers Account Opening
- Interactive Brokers App
- Interactive Brokers Customer Service
- Is Interactive Brokers a Legitimate Broker?
- Is Interactive Brokers Free?
- Is Interactive Brokers Good For Beginners?
- How to Buy/Sell Silver At Interactive Brokers
- Can You Trade Options At Interactive Brokers?
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.