XM
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74.89% of retail CFD accounts lose money.

Vs.

iFOREX Europe
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89.13% of retail CFD accounts lose money.

XM Vs. iFOREX Europe - Compare and Choose the Right One

Updated Jul 12 2022

Visit

74.89% of retail CFD accounts lose money.

Visit

89.13% 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.

iFOREX Europe (formerly Vestle) is the Europe brand part of the global iForex Group that specialises in CFD trading and offers over 600 instruments over currencies, commodities, indices, shares, ETFs and cryptocurrencies.

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 with little to no experience looking to test a simple platform
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)
  • Extremely simple platform designed for beginners with little needs
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
  • High spreads on all of their instruments
  • Web and mobile platforms are slow and lack tools
  • Their FAQ database doesn’t effectively answer the most common questions any trader could have
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 2018
💳 Minimum Deposit
€, £, $ - 5

200 € (But it can change at their discretion)

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Bank Wire
  • Credit Card
  • Debit Card
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. 1 - EUR
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA. US, CA, SY, IR, JP.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, commodities, currencies and indices.

CFDs on currencies, commodities, indices, shares, ETFs and cryptocurrencies

📙 Stocks
1286 400+
📘 Currency Pairs
57 50+
📗 Commodities
15 19
📕 Indices
14 32
📔 ETFs
N/A 42
💸 Cryptocurrencies
N/A 41
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
10 N/A
📝 Notes:
All of XM's assets are CFDs.

All of iFOREX Europe assets are CFDs yet they do provide a “No Leverage” tab with a few assets under 1:1 conditions for traders that do not wish to expose themselves to the risk.

Trading Experience
📈 Minimum Stock Trade Size
Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares) $2,500 in trade value
📉 Minimum ETFs Trade Size
N/A $2,500 in trade value
📈 Minimum Crypto Trade Size
N/A $2,500 in trade value
📉 Minimum FX Trade Size
$100 (0.001 Lots) $2,500 in trade value
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold) $2,500 in trade value
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
All of XM's futures are commodities, same rules apply. N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 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.

iFOREX Europe charges an inactivity fee of $15 for every quarter of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

No for credit cards but yes for bank wires (up to $20).

💰 Commissions

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

No
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 40 Pips Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $9.4 Dynamic - From $3
📈 XLK (ETF - CFD)
N/A Dynamic - From 30 Pips
📉 BTC
N/A Dynamic - From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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