ForexMart vs XM Group Broker Comparison

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Are you trying to figure out which is a better broker, ForexMart or XM Group? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that ForexMart is the better of the two. ForexMart offers 300+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of ForexMart and XM Group side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked ForexMart higher than XM Group.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
ForexmartXM@3x
OPEN ACCOUNTReviewReview
RATING95/10094/100
MIN. DEPOSIT1$5$
REGULATED BYuk europeuk europe australia belize
BONUS30%$25 Non-Deposit Bonus**
MIN. SPREAD1
MAX. LEVERAGE500:11:888
CURRENCY PAIRS10057
TRADING INSTRUMENTS300+1,388
TRADING PLATFORMSMT4, Mobile, WebTraderMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, Mastercard, Maestro,Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
TYPE OF BROKERSECN BrokerMarket Maker
CUSTOMER SUPPORT25/724/5
LANGUAGE SUPPORT1622
ESTABLISHED2009, HQ in Limassol
USED BY100,000+ Traders

Does ForexMart or XM Group have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive ForexMart and XM Group are, we first considered the common fees on Standard Accounts. At ForexMart the average spread for the EUR/USD currency pair is pips, whilst at XM Group the spread is 1.

This shows that ForexMart is the better option for low-cost forex trading.

When it comes to non-trading fees, ForexMart charges for withdrawal. XM Group charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that ForexMart is the better option.

Trading Fees*

TYPE OF FEEFOREXMARTXM GROUP
Minimum Spread EURUSD (pips)1
Commission (%)0
Commission on Islamic Accounts (%)0

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFOREXMARTXM GROUP
Account FeesNN
Inactivity FeesNY
Deposit FeesNN
Withdrawal FeesYN

Which broker is safer, ForexMart or XM Group?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

ForexMart is regulated by FCA, CySec and offers client protection. XM Group is regulated by FCA, CySec, ASIC, IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that XM Group is the safer broker.

Broker summary

FOREXMARTXM GROUP
Minimum Deposit (USD $)15
LicensesFCA, CySecFCA, CySec, ASIC, IFSC
Max. Leverage500:11:888
Client ProtectionYY
Broker TypeECN BrokerMarket Maker
Number of Instruments300+1,388
Currency Pairs10057
Stocks11184
Cryptocurrencies10
CFDsNY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Maestro,Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
24/5 Customer SupportYY
Live ChatNY

How many trading instruments are available at ForexMart and XM Group?

ForexMart provides traders with 300+ instruments. This includes 100 currency pairs, 1 cryptocurrencies, and 1 stocks and shares. With ForexMart, you cannot trade CFDs.

In comparison, XM Group boasts 1,388 tradable instruments. XM Group offers 57 currency pairs, 0 cryptocurrencies, and 1184 stocks and shares. XM Group also allows CFD trading.

As XM Group has 1,388 and ForexMart has 300+, a difference of 299, this shows that XM Group offers more opportunities to diversify your trading portfolio.

Markets and Products

INSTRUMENTFOREXMARTXM GROUP
Currency Pairs10057
Commodities113
Precious Metals04
Indices130
Stocks and Shares11184
Cryptocurrencies10
Options10
ETFs01

Which broker offers the best trading platform, ForexMart or XM Group?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

ForexMart provides you with the ability to trade via 3 trading platforms, and XM Group has 3 trading platforms, too. Both brokers also offer research and trading tools, however XM Group has more.

Overall, our experts agree that ForexMart boasts the better trading platform offering.

Research Tools

TOOLFOREXMARTXM GROUP
News (from top-tier sources)NY
Trading Signals and IndicatorsNY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNY
Sentiment ChartsNY
Economic CalendarNY

Which is better for beginners, ForexMart or XM Group?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that XM Group is the better broker for beginner traders as it offers a larger range of educational tools and materials. XM Group also has a minimum deposit of $.

Educational Features

FEATUREFOREXMARTXM GROUP
Demo AccountNY
Platform Tutorial VideosNY
Educational PDFsYN
Live WebinarsNY
YouTube VideosNY
Trading AcademyYN
Trading GlossaryNN

Which broker is better overall?

Overall, our tested reviewing methodology proves that ForexMart is the better broker in a range of key areas. You can learn more by reading our ForexMart and XM Group reviews.

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