A Brief Introduction of XM & FXTM
XM and FXTM are two of the most popular forex brokers in the industry, both renowned for their exceptional trading conditions and high-quality services.
XM, established in 2009, is a global leader in forex trading, providing traders with access to over 1,000 financial instruments, including forex, stocks, commodities, and cryptocurrencies. FXTM, on the other hand, was founded in 2011 and has grown rapidly to become one of the most innovative and reputable forex brokers, offering traders access to a wide range of trading tools and educational resources.
What sets these two brokers apart from the rest of the competition is their commitment to delivering the best trading experience for their clients. Both XM and FXTM offer low spreads, flexible leverage options, fast execution speeds, and excellent customer support. Furthermore, they are regulated by some of the most respected financial authorities, providing traders with a sense of security and trust.
It is no surprise that both XM and FXTM have gained so much popularity among traders worldwide. Their dedication to providing a seamless and user-friendly trading environment has made them stand out from their competitors. Whether you are a beginner or an experienced trader, XM and FXTM offer a comprehensive range of trading tools and educational resources to help you make informed trading decisions and achieve success in the forex market.
An Overview of XM & FXTM
XM & FXTM are both popular forex brokers that offer a range of features and services for traders. Here is a comparison of their key features:
- Main Features
XM offers a wide range of financial instruments for trading, including Forex, CFDs on stock indices, commodities, stocks, metals, and energies. They also provide traders with educational materials, market analysis, trading signals, and a demo account to practice trading strategies.
FXTM also offers a wide range of financial instruments for trading, including Forex, CFDs on stock indices, commodities, metals, and energies. They also provide traders with market analysis, trading signals, and educational materials.
- Trading Fees
XM charges low spreads, starting from 0 pips for major currency pairs. They do not charge any commissions for trading, and there are no hidden fees.
FXTM charges competitive spreads, starting from 0.1 pips for major currency pairs. They also charge a commission for trading, which varies depending on the account type and instrument.
- Account Types
XM offers three account types, namely Micro, Standard, and XM Zero accounts. These accounts have different trading conditions and minimum deposit requirements, allowing traders to choose the account type that suits their needs.
FXTM offers six account types, including Standard, Cent, Shares, ECN, ECN Zero, and FXTM Pro accounts. Each account type has different trading conditions, minimum deposit requirements, and features.
XM offers high leverage of up to 1:888 for Forex trading. The maximum leverage for other instruments varies.
FXTM offers leverage of up to 1:2000 for Forex trading, depending on the account type and instrument.
- Deposit & Withdrawal Options
XM offers a range of deposit and withdrawal options, including credit/debit cards, bank wire transfer, and electronic payment systems such as Neteller, Skrill, and WebMoney.
FXTM also offers a range of deposit and withdrawal options, including credit/debit cards, bank wire transfer, and electronic payment systems such as Neteller, Skrill, and WebMoney.
- Customer Support
Both XM and FXTM offer a range of features and services for traders. XM has lower spreads and a wider range of financial instruments, while FXTM offers a higher maximum leverage and more account types to choose from. Traders should carefully consider their needs and trading style before choosing a broker.
- Customer Support
XM and FXTM both offer customer support through various channels, including email, phone, and live chat. Both brokers have multilingual support teams that cater to clients from different regions.
XM’s customer support is available 24/5, and they offer support in over 30 languages. They also provide a personal account manager for clients with higher account levels. In addition, XM has a comprehensive FAQ section on their website that covers a wide range of topics.
FXTM also offers 24/5 customer support, and their team can be reached through various channels, including live chat, email, and phone. FXTM’s support team speaks over 20 languages, making it easier for clients to communicate in their preferred language. They also provide an extensive FAQ section on their website and educational resources to help clients with their trading needs.
- User Reviews
Both FXTM and XM have generally positive reviews from users. FXTM is highly rated for its trading conditions, customer support, and educational resources, while XM is praised for its low spreads and user-friendly trading platform.
Users of FXTM appreciate the broker’s diverse range of account types, competitive spreads, and fast execution speeds. They also find the educational resources, including webinars and trading tools, to be helpful for improving their trading skills. However, some users have reported issues with withdrawals and account verification.
Similarly, users of XM appreciate the broker’s low spreads and commissions, as well as the user-friendly interface of its trading platform. The educational resources and customer support are also highly regarded. However, some users have reported issues with customer service response times and the availability of certain trading instruments.
In conclusion, both XM and FXTM are reputable and popular forex brokers that offer a wide range of features and services for traders. While XM has a more extensive range of account types and trading platforms, FXTM offers more competitive spreads and a wider range of trading instruments. Both brokers have excellent customer support and a range of educational resources for traders. Ultimately, the choice between XM and FXTM will depend on individual trading needs and preferences. It is recommended that traders carefully evaluate both brokers and consider their trading goals, risk appetite, and other factors before making a decision.