XM
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74.89% of retail CFD accounts lose money.

Vs.

Nextmarkets
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63.10% of retail CFD accounts lose money.

XM Vs. Nextmarkets - Compare and Choose the Right One

Updated Oct 20 2022

Visit

74.89% of retail CFD accounts lose money.

Visit

63.10% 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.

Nextmarkets is a german broker founded in 2014 that specialises in commission free stocks and ETFs trading through their proprietary platform which offers an expert advisory service via live coaches that suggest their trading ideas.

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
  • New investors and traders looking to explore their social and copy trading offering via live coaches
  • New investors and traders looking for a simple and friendly mobile app for commission-free investing in stocks or equities
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

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • CySec (Cyprus)
  • ADGM (United Arab Emirates)
  • MFSA (Malta Financial Services Authority)
The Good
  • Competitive commissions on their Zero account
  • Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
  • Their “trading ideas” and “live coaches” offering is quite interesting and provides a lot of value for new traders
  • Their proprietary platform is very simple and easy to use
  • Their equities offering is completely commission-free
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
  • Asides from stocks and ETFs, their asset offering lacks variety
  • Their web platform is completely impractical to use for professional trading
  • They don’t let you enjoy your demo trading experience in peace, there is a constant pop-up asking you to fund your account at all times
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 2014
💳 Minimum Deposit Range
$5 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. 2 - EUR, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA.

US, CA, SY, IR.

📊 STP Account
No No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
1,382 18,037
Exchange Access
0 0
📙 Real Stocks
0 8,000
📙 Stock CFDs
1,286 8,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
57 22
📗 Commodities
0 0
📗 Commodities CFDs
15 5
📕 Indices
0 0
📕 Indices CFDs
14 5
📔 ETFs
0 1,000
📔 ETFs CFDs
0 1,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
0 4
📒 Bonds
0 0
📒 Bonds CFDs
0 1
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
10 0
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: 0.1 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) Varies per commodity (eg: 1 contract of Gold - 1 ounce)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 100
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes No
👬 Copy Trading
Yes Yes
👫 Social Trading
No Yes
🔑 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.

None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

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

None
Spreads
📈 EUR/USD
Dynamic - From 1.7 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 40 Pips Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 35 Pips Dynamic - From 40 Pips
📉 TSLA (Stock CFD)
Dynamic - From $9.4 Dynamic - From $2
📈 XLK (ETF - CFD)
Unavailable Dynamic - From $0.1 to 0.3
📉 BTC
Unavailable Dynamic - From $125
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No Yes
📡 Account Management
Yes No
📡 Webinars
Yes Yes