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


Visit 74.89% of retail CFD accounts lose money.	Visit 69.23% of retail CFD accounts lose money.
Overview
XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.	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.
Best For
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	Beginner traders looking for a simple web and mobile platform to get started Passive investors looking for real equity
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)	CySec (Cyprus)
The Good
Competitive commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)	Simple and friendly proprietary trading platform Intuitive overview of account analytics Wide variety of CFDs and real equities
The Bad
No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers 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)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
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
2009	2013
💳 Minimum Deposit Range
$5	$500
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill	Credit Card Debit Card Wire Transfer Skrill Neteller FasaPay UnionPay Giropay QIWI Cryptocurrencies
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.	3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA.	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.
📊 STP Account
No	Yes
📊 DMA Account
No	Yes
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,382	2,162
Exchange Access
0	25
📙 Real Stocks
0	1,000
📙 Stock CFDs
1,286	1,000
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
57	80
📗 Commodities
0	0
📗 Commodities CFDs
15	4
📕 Indices
0	0
📕 Indices CFDs
14	12
📔 ETFs
0	0
📔 ETFs CFDs
0	5
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	50
📒 Bonds
0	0
📒 Bonds CFDs
0	4
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
10	7
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions allowed	1 share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
Unavailable	Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$100 (0.001 Lots)	$1,000 (0.01 lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold)	$1,000 (0.01 lots)
📉 Minimum Bonds Trade Size
Unavailable	100 units
📈 Minimum Futures Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold)	$1,000 (0.01 lots)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.	€15 after 3 months of inactivity.
💰 Deposit Fees
None	From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.
💰 Withdrawal Fees
None	Wire transfers have a €10 fee.
💰 Commissions
Yes on Zero accounts ($7 per lot round turn).	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.
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips	Dynamic - From 2 Pips
📉 SP500
Dynamic - From 40 Pips	Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 95 Pips
📉 TSLA (Stock CFD)
Dynamic - From $9.4	Dynamic - From $0.21
📈 XLK (ETF - CFD)
Unavailable	Dynamic - From $0.01
📉 BTC
Unavailable	Dynamic - From $511
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
Yes	No