FXTM Alternatives: XM & XTB

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By the way, we’re 100% free to use & fully independent
Trusted by Thousands


Side by side comparison: (Fees, Account Opening, Online Trading Platform, and more...)
For detailed comparison Tap here ➞

best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$250 in UK

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents, €20,100 for non-UK residents, €20,000 for Italy, Cyprus, Hungary

Regulated:

YES, UK, Cyprus, Poland, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.57 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$5

Withdrawal Fees:

Free

Investor Protection:

€20,100 for EEA Countries

Regulated:

YES, UK, Cyprus, Australia, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.4 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
For detailed comparison & top 10 list view, Tap here ➞




FXTM Alternatives: XM & XTB

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of online brokers and financial service providers in the market. Trade Wisely.

By the way, we’re 100% free to use & fully independent
Trusted by Thousands





For detailed comparison, click here ➞

best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$5

Withdrawal Fees:

Free

Investor Protection:

€20,100 for EEA Countries

Regulated:

YES, UK, Cyprus, Australia, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.4 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$250 in UK

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents, €20,100 for non-UK residents, €20,000 for Italy, Cyprus, Hungary

Regulated:

YES, UK, Cyprus, Poland, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.57 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best Low fees stock index broker
Trade Now

Account Fees:

NO

Minimum deposit:

$500

Withdrawal Fees:

$3

Investor Protection:

£85,000 in UK & €20,000 in EU

Regulated:

YES, Cyprus, UK, Mauritius

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

CFD, Crypto, Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overall Ranking:

4.25 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
For detailed comparison or list view, click here ➞




FXTM Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands



FXTM review


FXTM Review in 2020

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

By the way, we’re 100% free to use & fully independent
Trusted by thousands


FXTM review FXTM Review:
The best low fee stock index CFD broker in 2020


FXTM started offering trading service since 2011 in Cyprus and eversince branded FXTM as a well known international trusted online broker with focus on FX Forex, stock index and CFD brokerage services.
FXTM is well regulated in majority of jurisdictions:

  • Cyprus Securities and Exchange Commission (CySEC)
  • Financial Services Commission of Mauritius (FSCA)
  • the Financial Conduct Authority (FCA)/li>

    Even though FXTM is not publicly listed on any stock exchange, FXTM maintains a safe reputation as a safe broker since it is regulated by top-tier financial authorities
    The portfolio of products and services that FXTM offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated FXTM as an option for:

  • Among the Best forex brokers
  • High stock CFD fees
  • Low fees stock index broker
  • Decent broker for crypto
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    FXTM Pros and Cons

    To put is simply, FXTM offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web trading, mobile and desktop (the platform is not custom-build like IG, and eToro). on the other hand, it offers charting features with decent customization capability.

    A good side of the fact is their awesome customer support and lots of educational materials that makes it one of the best online broker for beginners. Unfortunately most of the time, there is a fee for withdrawal.

    If you wish to see other options, you can easily compare FXTM alternative or keep on reading.



    best cfd broker
    Best Low fees stock index broker
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $500

    Withdrawal Fees:

    $3

    Investor Protection:

    £85,000 in UK & €20,000 in EU

    Regulated:

    YES, Cyprus, UK, Mauritius

    Customer Support:

    Live Chat, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Crypto, Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overall Ranking:

    4.25 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    FXTM Pros and Cons

    To put is simply, FXTM offers CFD FX and Crypto, and you can use their online trading platform in all 3 forms of web trading, mobile and desktop (the platform is not custom-build like IG, and eToro). on the other hand, it offers charting features with decent customization capability.

    A good side of the fact is their awesome customer support and lots of educational materials that makes it one of the best online broker for beginners. Unfortunately most of the time, there is a fee for withdrawal.

    If you wish to see other options, you can easily compare FXTM alternative or keep on reading.


    How much is FXTM Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 1.4 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 3.3 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 0.6 pips average spread cost, which is considered to be almost high.
    ✕ $5 per month after 3 months of inactivity is what FXTM charges which is also considered pretty much high.


    Some other positive points are:


    best cfd broker
    Pros

    Low Trading fee and free Deposit

    Multiple base currencies

    Very good Customer support

    Regulated in many countries


    best cfd broker
    Cons

    Inactivity Fee & Withdrawal fee

    High stock CFD fees

    Limited offers and portfolio


    High Min Deposit



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked FXTM fees (in the table in 3 different categories: from low, average to high) compare to 2 other similar competitors and brokers: XM and XTB.
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Trade Now

    FXTM Trading fees

    FXTM, which is primarily known as a FX & CFD broker offers low rate stock index CFD trading offers. You can not change the leverage if you are from EU countries.
    Let's deep dive and have a look at FXTM's fees for only forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade, it means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs • 5:1 CFD • 30:1 forex

    Here is the tabular view of FXTM's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    FXTM

    XM

    XTB

    S&P 500 index CFD fee

    $1.8

    $2.4

    $2.0

    Europe 50 index CFD fee

    $2.5

    $2.4

    $2.2

    Apple CFD fee

    $17

    $3.4

    $17.9


    Forex Scenario

    Benchmark Fee

    FXTM

    XM

    XTB

    EURUSD

    $17.8

    $17.1

    $15

    GBPUSD

    $15.5

    $13.8

    $11.1

    AUDUSD

    $12.2

    $13.9

    $10

    EURCHF

    $4.4

    $9.1

    $6.6

    EURGBP

    $11.5

    $12.2

    $9.9


    One good thing about FXTM is that it operates in majority of countries with the minimum deposit of $500.
    At FXTM, you can choose from these base currencies: USD, EUR, GBP, NGN

    To start trading FXTM does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not, they offers a demo account to practice.


    FXTM's Online Trading Platform

    Even though it offers all 3 trading platforms(Web trading platform, Desktop trading and Mobile trading Apps), the UI and user-friendliness is fair (in terms of design) . On ontrary, since they use MetaTrader, it enables you to fully customize your reports and use it in different languages and make this broker a good place for those who are familiar with metatrater.
    The UI & UX of FXTM trading platform is unique and neat.
    At a glance it looks like this:


    You should not be worried if English is not your strength, because FXTM trading platform is powered by: MetaTrader 4, MetaTrader 5, AvaOptions, and WebTrader and it supports the following languages: Arabic Bulgarian Chinese Croatian Czech Danish Dutch, Estonian Finnish French German Greek Hebrew Hindi Hungarian Indonesian Italian Japanese Korean Latvian Lithuanian Malay Mongolian Persian Polish Portuguese Romanian Russian Serbian Slovak Slovenian Spanish Swedish Tajik Thai Traditional Chinese Turkish Ukrainian Uzbek Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, FXTM customer support team respond fast via email, Phone calls, and live chat but they have yet to establish a 24/7 support process (So don't count on week ends).
    This brokerage have a live chat and offer help in English and the good thing about it is short time queues.

    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Trade Now

    What can you trade on FXTM

    Products, Portfolio and Markets

    The options that are available to you at FXTM are:

  • Stock CFD
  • Forex CFD
  • CFD / FX
  • These 2 are not available: ETF CFD, bond CFD
  • The number of rForex offers that have is generously more than the rest. When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: If you try FXTM alternatives, it's necessary to know that Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Now Tip: You can not change the default leverage from EU countries.

    Currency pairs:

    48

    Stock index CFDs:

    11

    Stock CFDs:

    166

    ETF CFDs:

    --

    Commodity CFDs:

    6

    Bond CFDs:

    --

    Future CFDs:

    --

    Stock Market:

    2 (NYSE, NASDAQ.)

    Cryptos:

    4



    How to open account on FXTM.


    At first let's have a look at the 6 types of accounts that are available at FXTM. By the way, Except UK, you can also invest on social trading services.

    The accounts are:

    Standard
    ECN
    ECN Zero
    Micro Account
    Shared
    FXTM Pro

    The commission for ECN accounts is lower if you hold a higher balance in your account or in case you trade more.
    You can expect a very easy, smooth and professional process to open your account with FXTM. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with FXTM.

    FXTM account

    Performance Tracking

    Tip about away times:
    You can not set alerts and notifications on FXTM platforms (Except Web platform)
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.
    Please bear in mind that no fundamental data is offered by FXTM but they provide trading ideas and trading signals based on some technical tools.
    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in FXTM, It's kinda easy and you can see a clear profit/loss or commissions paid reports.


    Finally, Research & Education

    Alright, if you are looking a lot of materials to begin with, besides our blog at top 10 best which is a good resource to begin with since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    Research part of FXTM is fair. For instance you can use FXTM Pivot Points Strategy to determine price direction. They do offer decent news feeds too. When it comes to education it's pretty comprehensive. Not only you will get a demo account, you will also have access to in depth articles, and lots of videos (about platform and trading)

    One advantage you get is having access to FXCM education portal. it provides you with around 200 articles and vides, plenty of educational tool.

    Our Take


    Overall, FXTM is considered to be a safe, and regulated(in most markets). Their negative side is high CFD fees and charging withdrawal fee and inactivity fees. On the contrary, it offers low fee forex trading options. Maybe it does not have the best online trading platform but it you can trade using web, Mobile and desktop.
    If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading, Remember, the minimum deposit is $500.


    FXTM

    Best Low fees stock index broker


    4.25

    Minimum Deposit

    $500

    Start Trading



    XTB Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    XTB review


    XTB Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    XTB review XTB Review:
    Best CFD & Forex Broker in 2020 (Low fees)


    As one of the best forex brokers and CFD brokers in europe, XTB is well-known as a Poland based trading company, In fact they have been in the market since 2002.

    In the United Kingdom, XTB is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 2 other authorities: first one is (KNF) the Polish Financial Supervision Authority and last one is the International Financial Services Commission of Belize (IFSC)

    Let’s not forget that other customers are served by a Cypriot entity which is governed by (GySEC) also known as the Cyprus Securities and Exchange Commission.

    In terms of safety, even though they do not hold a banking license, XTB is listed on stock exchange. They maintain a good reputation as a safe broker.
    The portfolio of products and services that XTB offers are mainly around Forex, CFD, Crypto, Real stocks. They also offer ETFs but only to European customers We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated XTB as an option for:

  • Best broker for cryptos
  • Best forex broker
  • Low fee (easy deposit & withdraw)
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    XTB pros and cons

    Since 2002. XTB offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex and stock index CFD fees are pretty much low.

    There is always a flip side of the coin and it is XTB's slow response rate on Email. Remember, They have limited portfolio and stock CFD fees are high.

    If you wish to compare XTB with other alternativve online Brokers, click here, otherwise keep reading.



    best cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $250 in UK

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 for UK residents, €20,100 for non-UK residents, €20,000 for Italy, Cyprus, Hungary

    Regulated:

    YES, UK, Cyprus, Poland, Belize

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, stock
    ETF, Crypto
    Forex

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overall Ranking:

    4.57 / 5

    Deposit & Withdrawal Type:

    Free / Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    XTB Pros and Cons

    Since 2002. XTB offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

    Basic online trading platform review could be about account opening which is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex and stock index CFD fees are pretty much low.

    There is always a flip side of the coin and it is XTB's slow response rate on Email. Remember, They have limited portfolio and stock CFD fees are high.

    If you wish to compare XTB with other alternativve online Brokers, click here, otherwise keep reading.


    How Much is XTB Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.6 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 2.2 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is €3.5 /£2.5 /$4 for each lot for PRO accounts, which is considered to be low.
    ✓ There is no inactivity fee which is also considered good.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free and no cost deposit and withdrawal

    Low forex fees

    Low stock index CFD fees

    Opening account is fast and seamless


    best cfd broker
    Cons

    Good CFD and Forex portfolio but lacking other options

    Don't expect fast response time on Emails

    High CFD stock fees



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked XTB fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: IG and eToro
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    XTB

    Best Online broker for CFD, Forex (Low Fees)


    4.57

    Minimum Deposit

    $250

    Trade Now

    XTB Trading fees

    XTB, which is primarily known as a forex or CFD broker offers 2 types of accounts. as standard account holder you pay spreads and as pro account you shall pay commissions which is $4/€3.5/£2.5 per every lot. The commission for trading stock index CFDs is $8/€8/£8, for ETF CFDs and stock contract for difference.
    Let's deep dive and have a look at XTB's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of XTB's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    Benchmark Fees

    XTB

    IG

    eToro

    S&P 500 CFD

    $2.0

    $2.1

    $2.4

    Europe 50 CFD

    $2.2

    $1.6

    $2.7

    Apple CFD

    $17.9

    $31.9

    $6.3

    Vodafone CFD

    $20.9

    $25.7

    ---


    Stock Index Scenario

    XTB

    IG

    eToro

    US Stock

    $10.0

    $15

    $0

    UK Stock

    $10.0

    $9.6

    $0

    German Stock

    $8.8

    $11

    $0.0


    Forex Scenario

    Benchmark Fee

    XTB

    IG

    eToro

    EURUSD

    $15.0

    $16.9

    $19.6

    GBPUSD

    $11.1

    $15.1

    $16.2

    AUDUSD

    $10

    $14.1

    $12.4

    EURCHF

    $6.6

    $6.6

    $11.8

    EURGBP

    $9.9

    $11.1

    $19.9


    One good thing about XTB is that it operates in majority of countries and except UK citizens which their minimum deposit is $250, there is no requirements for other countries.
    To start trading XTB does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not XTB offers a demo account to practice..


    XTB's Online Trading Platform

    XTB has all 3 platforms, mobile, desktop and web platforms. One fun part is the search functionality. They have an inhouse online trading platform called (xStation 5)or you may use the 3rd party tool called MetaTrader 4)

    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    To add more security and protect your account, you can setup two-step login feature in your profile.
    The UI & UX of XTB trading platform is unique and user friendly.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because XTB online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, XTB customer support team responds not that fast via email (but they answer Phone calls). They have a live chat and offer help in English.

    XTB

    Best Online broker for CFD & Forex Ttrading


    4.57

    Minimum Deposit

    $250

    Trade CFD Now

    What can you trade on XTB

    Products, Portfolio and Markets

    The trading options that are available to you at XTB are:

  • CFD
  • Forex
  • Real Stock
  • ETFs (Limited to European)
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now Important Tip: You can not change the default leverage level of the products.

    Currency pairs:

    49

    Stock index CFDs:

    42

    Stock CFDs:

    1700

    ETF CFDs:

    103

    Commodity CFDs:

    18

    Bond CFDs:

    3

    Future CFDs:

    --

    Cryptos:

    25


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on XTB.


    You can expect a very easy, smooth and professional process to open your account with XTB. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demoaccount with 100K credit in it.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with XTB.

    in brief follow these 7 steps for account opening at XTB:

    1. Get ready with you email address
    2. Select the country of residency.
    3. Provide demographic data
    4. Choose your preferred online trading platform
    5. Select your account type & base currency.
    6. Explain your trading experience and provide employment history
    7. Provide identity and residency proof for activation.

    XTB review

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on XTB and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XTB, It's kinda easy and you can see a structured cash flow and other financial related reports.
    Follow this path:

  • Navigate to portfolio
  • Then History
  • Access your account statement

  • XTB offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.

    XTB review
    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    XTB education is fair. You will get a demo account and sufficient balance to begin practicing.
    The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients. XTB offers one more fancy tool called the 'Heatmap,' that visually shows the winners and losers.
    On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

    The charts and charting feature is pretty good. It saves automatically and let you play around with around 70 indicators.

    Our Take


    After careful evaluation, we believe XTB is among top-tier CFD and forex brokers in 2020.
    Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. It is publicly listed on the Warsaw Stock Exchange.

    Good thing is that XTB's fees on forex and stock index CFD are low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process.
    On the negative side, XTB's stock CFD fees are rated as high. XTB is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe.


    XTB

    Best Online broker for CFD & Forex


    4.57

    Minimum Deposit

    $250

    Start Trading



    XM Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    XM review


    XM Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    XM review XM Review:
    Best CFD & Forex Broker in 2020


    As one of the best forex brokers and CFD brokers in the world, Trading point (The parent company that owns WM) registered XM in 2009.

    In the United Kingdom, XM is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 3 more markets that they are regulated and that is Australia, Cyprus and Belize.

    In terms of safety, even though they do not hold a banking license or listed on stock exchange but being regulated in certain markets is a positive signal to categorize them as a safe broker, So, they maintain a good reputation as a safe broker.
    The portfolio of products and services that XM offers are mainly around Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated XM as an option for:

  • Best broker for CFD
  • Best forex broker
  • Low Fee Online Broker
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    XM Pros and Cons

    Since 2009, XM offers low-fee CFD trading options and low cost FX forex fee too.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading, they offer higher amount of currency pairs.

    You can select different base currency to open the account which is great. The flip side of the coin is XM 's limited CFD offering & portfolio .



    best cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $5

    Withdrawal Fees:

    Free

    Investor Protection:

    €20,100 for EEA Countries

    Regulated:

    YES, UK, Cyprus, Australia, Belize

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Forex

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overall Ranking:

    4.4 / 5

    Deposit & Withdrawal Type:

    Free / Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    XM Pros and Cons

    Since 2009, XM offers low-fee CFD trading options and also high-forex-fee too.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading, they offer higher amount of currency pairs.

    The flip side of the coin is XM 's limited CFD offering & portfolio .


    How Much is XM Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.7 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 2.5 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee has different structure: the fee is 1.7 average spread cost for standard and micro accounts
    . XM Zero account commission is $3.5 for every $100 000 traded, The verage spread is 0.1 pips.
    ✓ There is $5 monthly inactivity fee after a quarter.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free withdrawal and no cost for deposit

    Low CFD fees

    Comprehensive Educational Materials

    Opening account is fast and seamless


    best cfd broker
    Cons

    Inactivity fees are charges

    No Support during Week ends

    No Price Alerts in the platforrm



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked XM fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: XTB and eToro
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in forms of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    XM

    Best Low fee online broker for CFD, Forex


    4.4

    Minimum Deposit

    $5

    Trade Now

    XM Trading fees

    XM , which is primarily known as a forex or CFD broker offers 5 different types of accounts.
    As Micro account holder or Standard account holder you pay no commission but spreads are higher. You have an option to choose these base currencies: (USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR), Your Minimum deposit is 5$. THe only difference between these 2 accounts is that in Micros account a lot equals 1000, but in Standard account the contract states that 1 low equals 100,000.

    Zero account holders shall pay commissions but entitled for very low spreads. The base currencies are limited to UDS, JPY, and EUR. The minimum deposit is $100. This account is only available to EEA countries.

    The other account is called XM Ultra Low Account with these base currencies:(EUR, USD, GBP, AUD, ZAR, SGD). The spreads are low and you pay no commission. The minimum deposit is $50.

    And finally a shared account with minimum deposit of $10,000 and contract size of 1 share has no commissio rate and only 1 base currency= USD.

    Let's deep dive and have a look at XM 's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of XM 's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    Benchmark Fees

    XM

    XTB

    eToro

    S&P 500 CFD

    $2.4

    $2

    $2.4

    Europe 50 CFD

    $2.4

    $2.2

    $2.7

    Apple CFD

    $3.4

    $17.9

    $6.3

    Vodafone CFD

    $5.6

    $20.9

    ---


    Forex Scenario

    Benchmark Fee

    XM

    XTB

    eToro

    EURUSD

    $17.1

    $15

    $19.6

    GBPUSD

    $13.8

    $11.1

    $16.2

    AUDUSD

    $13.9

    $10

    $12.4

    EURCHF

    $9.1

    $6.6

    $11.8

    EURGBP

    $12.2

    $9.9

    $19.9


    One good thing about XM is that it operates in majority of countries except the following countries:

  • Israel, Japan
  • USA, Canada
  • New-Zealand, China,
  • The minimum deposit is $5, and you can select your preferred base currency from the following: 11 base currencies: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR.
    To start trading XM does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not XM offers a demo account to practice.


    XM's Online Trading Platform

    XM offers all 3 types of trading platforms: desktop trading platform, a decent mobile trading app, and web trading platform which is the weakest among the other platforms that XM offers traders. In comparison with other online trading platforms it really look nice and easy to use. One fun part is the search functionality. They don't have an inhouse online trading platform that you can use, but you may use the 3rd party tool called MetaTrader 4 or 5.

    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    Unfortunately, you can not setup touch ID or face ID login feature on your phone.
    The UI & UX of XM trading platform is unique and user friendly.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because XM online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, XM customer support team responds fast via email (but they don't support you on weekends). They have a live chat and offer help in English.

    XM

    Best low cost online broker for CFD & Forex Traders


    4.4

    Minimum Deposit

    $5

    Trade CFD Now

    What can you trade on XM

    Products, Portfolio and Markets

    The trading options that are available to you at XM are:

  • CFD
  • Forex
  • Cryptocurrency
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now Important Tip: You can change the default leverage level of the products.

    Currency pairs:

    57

    Stock index CFDs:

    18

    Stock CFDs:

    1200

    ETF CFDs:

    ---

    Commodity CFDs:

    15

    Bond CFDs:

    --

    Future CFDs:

    --

    Crypto:

    5


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on XM .


    You can expect a very easy, smooth and professional process to open your account with XM. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account or you can proceed with verification and start using your live account.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
    in brief follow these 6 steps for account opening at XM :

    1. Get ready with you email address
    2. Select the country of residency.
    3. Provide demographic data
    4. Choose your preferred online trading platform
    5. Select your account type & base currency.
    6. Provide identity and residency proof for activation.


    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on XM and customise it. For instance, your alert can be set for a time that an asset reaches certain price target. One negative point here is that you can not set alarm for order confirmation.
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in XM , It's kinda easy and you can see a structured cash flow and other financial related reports.
    XM offer news feed too and it is all produced by in-house research team but the content is not that visually appealing.

    XM review
    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos contents to begin with, besides our top 10 best blog, you can find a lot of educational materials at XM. We have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    XM education is decent, there are videos, webinars, articles and more about trading and also their trading platforms that works for beginners and experienced traders.

    You will get a demo account and sufficient balance to begin practicing.

    The Research part is also comparatively strong.
    On the Contrary, when it comes to research it offers decent technical analysis tools (only in English) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

    The charts and charting feature is pretty good. They also offer trading Ideas but nothing to give you in terms of fundamental data.

    Our Take


    After careful evaluation, we believe XM is among top-tier best CFD brokers and forex brokers in 2020.
    Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. The easy to use trading platform that they offer is an advantage for online trader on the go. A big plus is their video educational repository, and indeed their low cost trading fees.

    Good thing is that MarketsX's CFD fees are comparatively low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process that enables you to get started ASAP.
    On the negative side, biggest negative point on XM is not offering support during weekend and outdated design of their web trading platform.


    XM

    Best Online broker for CFD & low cost forex trading


    4.4

    Minimum Deposit

    $5

    Start Trading