Next Markets vs. XM Comparison

This contrast guide aids customers that struggle to choose between Next Markets and XM to find the most effective online broker for their trading and investment needs. It assesses the main features of the two brokers side-by-side to aid customers compare their service and make an informed decision.

To assist individuals pick the appropriate broker in between Next Markets and XM to discover the best-suited system, below is a checklist of broker’s advantages and disadvantages, followed by a comparison of their main trading features, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, assets, policy, and consumer assistance.

Next Markets vs. XM: Summary

Next Markets logo

Next Markets is a multi-asset CFD broker based in Germany. It is regulated by the MFSA and is considered safe. The broker allows users to trade over 7,000 stocks, 1,000 ETFs, and CFDs on cryptos, forex, commodities, and bonds.

Next Market’s fees are below average compared to similar brokers in the industry. They charge 0% commission on stock and ETFs and low fees on CFDs. Forex spreads start from 0.6 pips (EUR/USD). The broker does not charge any withdrawal on inactivity fees.

Next Market’s customer service is available from Monday to Friday from 09:00 to 18:00 by email and phone (+49 221 98259 007).

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 ($0)
  • 0% commission stocks and ETFs
  • Low spreads from 0.6 pips (EUR/USD)
  • Free trading signals
  • No hidden commissions or non-trading fees

Cons

  • Algorithmic trading is not available
  • Limited advanced trading tools and features
  • No demo or Islamic swap-free accounts are available

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

  • Access to 8,000 financial instruments
  • Broad range of deposit & withdrawal methods
  • User friendly mobile app
  • Competitive trading fees, spreads, and commissions
  • Beginner friendly trading tools and features
  • User friendly mobile app

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

Next Markets vs. XM Comparison

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Compare brokers
Next Markets logo

Next Markets

Open account Read review

56.65% of retail CFD accounts lose money

XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

Next Markets logo
XM logo

Overall rating

3,5/5

4,1/5

Overall rating

3,5/5

4,1/5

Trading Platform & Tools

2.4

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 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

4.3

4.1

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 0 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.8

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.8

See details
Minimum deposit (in UAE) $0.00 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.5

2.8

See details
Shares 7000 100
ETF & Funds 1000 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex Instruments 0 55
CFD Indices & Funds 1000 14
CFD Stocks 7000 1286
CFD Commodities 0 14
CFD Crypto 0 5
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.8

5.0

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

Customer Support

4.5

4.5

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

Winner

Next Markets vs. XM Comparison Conclusion

The outcomes of our contrast of Next Markets vs. XM are involved the table listed below.

Broker:Best For:
Next MarketsStocks and ETF trading and investing
XMResearch & Education

Picking the right choice between Next Markets and XM can be difficult. Both online brokers have similarities but vary regarding trading tools, platforms & apps, regulation, down payment & withdrawals, and study and education. Picking the best broker depends upon customers’ trading & investment objectives, individual choices, 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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