Have you ever found yourself wondering which is the right online Forex/CFD broker for you, especially when you are faced with 2 highly reputable brokers?
Today, we would like to share with you a detailed comparison of XM and Trade.com.
Both brokers are reputable and trusted and each offers a variety of benefits.
Our professional financial experts took up the challenge of conducting an in-depth and unbiased comparison between the two.
Their findings will outline the benefits so that you can take advantage of the very best online trading experience.
Let’s get the show on the road
A Detailed Comparison of XM and Trade.com
XM is currently the leading forex/CFDs broker with offices throughout the world, their platform is user-friendly and comes with all the most advanced financial tools available.
They also provide exceptionally and highly sought after education programs.
Now, Trade.com also offers some great features, offering a variety of benefits and perks. Their platform loads quickly and is exceptionally user-friendly, especially geared for novice traders plus they have some exciting features for traders to make good sound investments.
Regulation and Demo Accounts
XM is authorized and regulated by a variety of financial institutions: CySEC, (Cyprus Securities and Exchange Commission) FCA (Financial Conduct Authority) and ASIC (Australian Securities and Investments Commission).
Trustworthy and secure, they enjoy an untarnished reputation amongst their many clients. They also offer a free unlimited demo account with $100,000 virtual money to practice trades.
Trade.com is authorized and regulated by CySEC (Cyprus Securities Exchange Commission) and the FSCA (Financial Sector Conduct Authority) in South Africa and are operated by Trade Capital Markets Limited.
They offer clients a free demo account with virtual money to practice trades once they have opened a live trading account. The demo account is only valid for 30 days.
Today, not all brokers offer a free demo account.
It is extremely important, as it allows you to familiarise yourself with the platform and practice trades and strategies before investing your own money.
XM has a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms.
And you know what else?
The XM WebTrader platform has dedicated apps for smartphones and tablets that run on Apple and Android operating systems making it much more convenient and easily accessible for traders to trade.
That’s not all…
On your desktop, you can install and run Windows and Mac operating systems while on the mobile platform.
Trade.com platforms are the WebTrader, MetaTrader4, and MetaTrader5 and can be accessed on mobile devices.
They all load quickly and come with advanced management tools. The interface is user-friendly making navigation on the platform uncomplicated and simple.
XM offers a wide variety of over 300 of the most popular instruments to trade which includes forex, cryptocurrencies, stocks, equity indices, precious metals, and energies CFDs.
Trade.com has the strongest advantage when it comes to the choice of instruments. They offer over 2,100 instruments, which includes bonds, commodities, forex, indices, stocks and ETFs including emerging markets like cannabis.
XM offers tight spreads and is very competitive and offer a bonus of up to $5,000. Spreads of 1.8 pips for the EUR/USD currency pair, with leverage of 888:1.
Trade.com offers fixed spreads and a bonus of up to $2,000 (not available in EU countries)
The spread is 0.00018 pips with a maximum margin of 1:200 and 1:30 for EU clients on the EUR/USD currency pair.
XM offers traders educational materials that are highly sought after that ranges from novices to advanced trading techniques.
They cover all aspects of trading that are easily assessable via unlimited access to video tutorials, daily access to forex trading signals, e-books, economic indicators and lots more.
Trade.com offers the trader a comprehensive and intuitive education center with webinars, videos and trading guides.
Deposits and Withdrawals
XM offers clients over 20 supported banking methods that includes the most commonly used cards, Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.
Withdrawal requests take between 2 to 5 business days, but if you use an XM card this process can take only 24 hours.
To top it off…
XM also offers Forex Islamic accounts.
And another thing, to open an account with XM you only need to deposit $5.
Trade.com supports major banking methods for deposits and withdrawals and accept Skrill (Moneybookers), Neteller, Wire Transfer and credit cards as payment options for adding funds into the account.
XM’s customer support can be contacted by live chat, phone, email and call back. They are very professional and helpful and don’t push marketing schemes down your throat.
Trade.com customer support is able to offer fast and accurate answers are easily reachable through phone fax, email and live chat.
They also provide international contact numbers for a number of countries including the United Arab Emirates, China, Romania, France, Bahrain, Chile, Finland, Denmark, and Norway.
XM and Trade.com both offer traders an excellent trading experience and are regulated and authorized providing safe and secure trading for traders.
Trade.com offers traders the opportunity to invest in a huge choice of over 2,100 instruments compared to XM’s 300.
They also provide a number of excellent features such as their suite of platforms that are quick loading and has all the best advanced trading tools.
Plus the interface is easy to navigate for novice traders.
However, XM does come out on top with their extremely low $5 deposit and their highly prized educational program that offers invaluable insight to trading techniques and strategies.
In addition, they offer Islamic trading with plenty of perks.
So what does this all mean?
Although, both brokers can be categorized as top Forex/CFD brokers, unfortunately, there has to be a winner.
And the winner is…
XM overall as it offers traders the best in world-class online trading conditions where traders can get the most out of investments with profitable and successful trades.