FXTM vs. XM
Posted by freeamfva on February 16th, 2023
FXTM vs. XM
In today’s broker comparison, FTXM squares off against XM. The former is owned by Mauritius-based Exinity Group and the latter by Cypriot-based Trading Point Holdings LTD. Both brokers have regulatory oversight in multiple jurisdictions. This comparison will focus on the most competitive jurisdiction for each broker, specifically and respectively, Mauritius, and Belize. Since 2011, FXTM has served over 3,000,000 clients from 180 countries, with a distinct leadership position in emerging markets. Since 2009, XM has been home to more than 3,500,000 traders from 196 countries, and its management team has visited over 120 cities in an attempt to better connect with clients. Both are dependent and trustworthy brokers with excellent management teams and market share.To get more news about xm vs fxtm, you can visit wikifx.com official website.
The full suite of the MT4 and MT5 trading platforms is available, consisting of a desktop client, webtrader, or mobile version. FXTM also developed a mobile-only proprietary trading platform labeled FXTM Trader. Six MT4 plugins enhance the trading platform, but this broker does not grant more prominent third-party add-ons. Automated traders have access to free VPS hosting to traders that fulfill meet specific criteria. Manual traders may use FXTM Pivot Points Strategy, which assists in market analysis. FXTM Invest supports social trading.
New traders have access to a live education room, which adds tremendous value. An extensive video library presents high-quality content, enhancing educational capabilities at XM. This broker additionally hosts Forex webinars and seminars, and is a very active member of the global community. An in-house web TV service exists, and traders receive free access to market research and trading ideas, sourced in-house and via third-parties. The overall product and services portfolio at XM remains competitive.
FXTM carries commission-free minimum spreads of 1.5 pips in the Cent and ECN Zero Account, lowered to 1.3 pips in the Standard account. Portfolios above ,000 (or a currency equivalent) qualify for 0.0 pips in a Pro account. The commission-based ECN MT4 account offers a competitive starting spread of 0.1 pips for a commission between and . Commission-free CFD trading is available in an unleveraged account. XM deploys a more competitive cost structure, where the Micro and Standard account options commence with 1.0 pips, and the XM Ultra-Low account from 0.6 pips. All three are commission-free, but unleveraged share trading is commission-based.
Both brokers charge swap rates on overnight leveraged positions and forward to its traders corporate actions which impact equity and index positions, such as dividends, splits, and mergers. Deposit and withdrawal fees do not apply, but third-party charges exist, depending on the payment processor. FXTM levies a monthly inactivity fee of (or currency equivalent), which is the same at XM, except for a one-time charge. XM maintains a more competitive trading environment for all traders, while FXTM rewards high-volume clients. Both brokers have a loyalty program, which reduces the total trading costs.
Like it? Share it!
About the Authorfreeamfva
Joined: June 11th, 2021
Articles Posted: 659
More by this author