AAATrade
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83.72% of retail CFD accounts lose money.

Vs.

XM
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74.07% of retail CFD accounts lose money.

AAATrade Vs. XM - Compare and Choose the Right One

Updated May 13 2022

Visit

83.72% of retail CFD accounts lose money.

Visit

74.07% of retail CFD accounts lose money.

Overview

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.

Best For
  • 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
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • ASIC (Australia)
  • CySec (Cyprus)
  • ADGM (United Arab Emirates)
The Good
  • 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)
The Bad
  • 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
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day
📋 Documents Required
  • 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.

📍 Year Founded
2013 2009
💳 Minimum Deposit
$500 €, £, $ - 5
💰 Payment Methods
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
💵 Account Base Currencies
3 - USD, EUR, GBP. 11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
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.
📊 STP Account
Yes No
📊 DMA Account
Yes No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, cryptocurrencies, commodities, indices and futures.

CFDs on stocks, commodities, currencies and indices.

📙 Stocks
1,000+ 1286
📘 Currency Pairs
80+ 57
📗 Commodities
4 15
📕 Indices
12 14
📔 ETFs
5 N/A
💸 Cryptocurrencies
50+ N/A
📒 Bonds
4 N/A
📓 Options
N/A N/A
📗 Futures
7 10
📝 Notes:

Almost all assets are CFDs, except for 45 blue chip stocks

All of XM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares)
📉 Minimum ETFs Trade Size
1 ETF N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) N/A
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots) Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
!00 Units N/A
📈 Minimum Futures Trade Size
$1,000 (0.01 lots) All of XM's futures are commodities, same rules apply.
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:200 N/A
✍ Customisable Leverage
Yes Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Yes, €15 after 3 months of inactivity.

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

💰 Deposit Fees

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

No
💰 Withdrawal Fees

No for debit/credit card and e-payment. Wire transfer has a €10 fee.

No
💰 Commissions
  • 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).

Spreads
📈 EUR/USD
Dynamic - From 2 Pips Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 50 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 95 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21 Dynamic - From $9.4
📈 XLK (ETF - CFD)
Dynamic - From $0.01 N/A
📉 BTC
Dynamic - From $511 N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes (Partial) No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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