Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2013 | 2009 |
💳 Minimum Deposit | |
$500 | €, £, $ - 5 |
💰 Payment Methods | |
💵 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 | |
📙 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 | |
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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 |