Home Brokers Comparison XM Group vs. FXCM

XM Group vs. FXCM

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XM Group and FXCM are leading online brokers. XM is a popular MetaTrader-only broker with user-friendly platforms and intuitive interfaces. It has top-tier licenses from the ASIC, IFSC, FCA, and CySEC. XM provides leading educational content and market data. It is a top choice for beginner traders who want access to valuable trading information. 

FXCM is a top forex broker with both professional and beginner-friendly tools. It has a premium education portal with forex education materials. FXCM offers professional research tools and MT4. FXCM has licenses from the IIROC, FCA, and ASIC. We recommend it for both beginner and experienced investors. 

Both brokerage firms have advantages and disadvantages. This article discusses the differences between XM Group and FXCM. 

Broker NameXM GroupFXCM
Year Founded20091999
RegulationASIC, FCA, CySEC, IFSCASIC, FCA, IIROC
Tradable AssetsForex, CFDForex, CFD
Min Deposit$5-100Starts from $50-£300 (depending on location)
Min Trade$0$0
PlatformsMT4, MT5Trading Station, MT4
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. FXCM review:  

  1. XM is a MetaTrader broker with useful educational materials. 
  1. FXCM is a leading forex broker with professional and beginner tools. 
  1. Both brokers offer a virtual trading account to test their offering. 

XM Group is a good choice for new investors, as it has many learning and research tools. We recommend FXCM for both professional and new investors because of its versatile offer. 

Level of experience  

XM Group provides access to the complete MetaTrader suite. It offers a demo account to test its services and investor trading support. This broker is a top choice for beginners as it has many learning tools and materials. 

FXCM has many platforms created to match different trading styles. It offers educational content for beginners and advanced traders. FXCM has some of the best forex education materials. 

Fees  

The minimum deposit fee at XM starts from $5, while at FXCM starts from $50. The average EUR/USD spread at XM is 1.6, while at FXCM is 1.4. Both brokers have a transparent fee structure. 

Assets  

XM has 57 forex currency pairs, while FXCM has 39 available pairs. XM offers 1372 CFDs, while FXCM has 82 available CFDs. 

Trading platform  

XM does not have a proprietary platform, but it offers the MT4 and MT5 suites. These are highly customizable and user-friendly. XM has valuable research and educational center with articles, charting, and trading signals. This broker is a good choice for new investors because of its diverse educational content. 

FXCM has a proprietary platform, Trading Station, and MetaTrader4. It provides access to advanced tools and technical indicators. It has a dedicated learning center with videos and third-party market data. It is a top choice for traders at all levels who want to improve their trading knowledge. 

Banking services  

Banking services contribute to an excellent online trading experience. Both brokers offer bank wire, credit/debit cards, and Skrill as their funding solutions. 

Final verdict  

XM Group and FXCM are leading online brokers. Both have strengths and weaknesses, depending on your trading knowledge and style. We recommend XM Group for new traders, as it has valuable educational content. FXCM is a top choice for traders at all levels who want access to reliable market data and research tools. 

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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