XM vs. FXCM

Page Summary

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. 

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Compare brokers
XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

BROKER COMPARISON

XM logo
FXCM logo

Overall rating

4,1/5

4,0/5

Overall rating

4,1/5

4,0/5

Trading Platform & Tools

3.9

4.7

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:888 1:400
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.1

3.4

See details
Withdrawal Fee 0 $40
Deposit Fee 0 0
Inactivity Fee 0 $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1.6 pips 0.2 pips
Stocks & ETF 0,1% – (min $5) 0
CFD (Gold) 3 pips 0.5 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

2.5

See details
Minimum deposit (in UAE) $5 $300
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.8

2.0

See details
Shares 100 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 55 45
CFD Indices & Funds 14 15
CFD Stocks 1286 219
CFD Commodities 14 12
CFD Crypto 5 7
CFD Bonds 0 1
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

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

Top findings from the XM Group vs. FXCM review:  

  1. XM is a MetaTrader broker with useful educational materials. 
  2. FXCM is a leading forex broker with professional and beginner tools. 
  3. 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

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