AAATrade Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

• Beginner traders looking for a simple web and mobile platform to get started
• Passive investors looking for real equity

• Experienced traders looking to trade shares in high volume using their Zero account
• MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms

• CySec (Cyprus)

• ASIC (Australia)
• CySec (Cyprus)
• ADGM (United Arab Emirates)

• Simple and friendly proprietary trading platform
• Intuitive overview of account analytics
• Wide variety of CFDs and real equities

• Competitive commissions on their Zero account
• Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)

• Above-average FX spreads
• High fees (depending on the deposit / withdrawal methods)
• High deposit requirements for advanced services ($25,000 , $100,000)

• No proprietary platforms or technology
• Expensive spreads and trading fees
• Lack of asset variety when compared to other brokers in the same range

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Credit Card
• Debit Card
• Wire Transfer
• Skrill
• Neteller
• FasaPay
• UnionPay
• Giropay
• QIWI
• Cryptocurrencies

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.

US, CA.

€15 after 3 months of inactivity.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

Wire transfers have a €10 fee.

• No commissions on novice accounts.
• Commission free trading for stock ETFs on Experienced accounts
• FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.

Yes on Zero accounts ($7 per lot round turn).