XM Group vs Forex.com

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XM Group and Forex.com are leading online brokers with top-tier regulations. XM is a MetaTrader broker with beginner-friendly platforms and tools. It has licenses from the FCA, ASIC, CySEC, and IFSC. This broker offers access to valuable educational content and market data. We recommend it for traders who want to improve their trading knowledge. 

Forex.com is a forex trading broker with a versatile portfolio. It has top-tier licenses from IIROC, FSA, FCA, and CFTC. This broker has straightforward trading platforms and apps with some educational content. We recommend Forex.com for active forex traders. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between XM Group and Forex.com. 

Broker NameXM GroupForex.com
Year Founded20092001
RegulationASIC, FCA, CySEC, IFSCCIMA, CFTC, IIROC, FSA, FCA & NFA 
Tradable AssetsForex, CFDCryptocurrency, stocks, CFD, futures & forex 
Min Deposit$5-100$100
Min Trade$0$1
PlatformsMT4, MT5Desktop, Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. Forex.com review:  

  1. XM is a popular beginner-friendly broke with excellent learning materials. 
  1. Forex.com is a popular forex broker with excellent research data on forex. 
  1. Both online brokers offer a demo account to test their offering. 

Beginners choose XM Group because of its comprehensive research and educational content. We recommend Forex.com for forex trading for both experienced and beginner investors. 

Level of experience  

Beginner traders prefer XM Group over Forex.com XM has powerful educational features and materials, including training videos. It offers investor trading support and a demo account. 

Forex.com offers some educational tools, including Trading Central and forex education. It has a demo account and many forex trading tools. We recommend it for traders at all levels. 

Fees  

The minimum deposit at XM starts at $5, while Forex.com has a standard fee of $100. The average EUR/USD spread at XM is 1.6, while at Forex.com is 1.4. Both brokers have a transparent fee structure. 

Assets  

Forex.com offers access to 91 forex currency pairs, while XM has 57 available pairs. Forex.com offers 4500 CFDs, while XM has 1372 available CFDs. 

Trading platform  

XM is a MetaTrader-only broker with the MT4 and MT5 suites. These are highly customizable and easy to learn. XM has useful research materials, including trading signals and articles. This broker offers valuable educational content, which is why it is a good fit for beginner investors. 

Forex.com offers a premium forex trading app, a proprietary desktop and web platform. It has MT4 and MT5 with many trading tools. Forex.com offers a demo account and some research materials. We recommend it for experienced traders looking forward to the best forex trading services. 

Banking services  

Banking services contribute to a premium online trading experience. XM Group offers bank transfers, credit/debit cards, and Skrill. Forex.com has access to bank transfers, credit/debit cards, and PayPal. 

Final verdict  

XM Group and Forex.com are leading online brokers. Both have advantages and disadvantages, depending on your needs and trading experience. We recommend XM Group to beginner traders, as it has many learning tools. Forex.com is a better choice for professional traders searching for premium forex services. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

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.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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