Broker comparison between XM vs FXDD
Do you want to figure out which is the better broker, xm or fxdd?
In the following table, you can compare the features of xm and fxdd side by side to determine the best fit for your trading needs.
Wikifx rating
Basic Information
Benchmark
Account
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does xm or fxdd have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that xm and fxdd are both reliable. We analyze the reasons as following:
Forex broker introduction
xm
Basic Information & Regulators of XM
Founded in 2009, XM has grown to become a globally recognized broker with over 600 professionals who have been working in the financial sector for many years, serving over 5,000,000 clients from 196 countries and regions. XM is currently regulated by the Financial Services Commission of Belize (Regulation No. 000261/158), the Cyprus Securities and Exchange Commission (Regulation No. 000261/106), and the International Financial Services Commission (Regulation No. 000261/106). XM is currently regulated by the International Financial Services Commission of Belize (Regulation No. 000261/106), the Securities and Exchange Commission of Cyprus (Regulation No. 120/10), the Australian Securities and Investments Commission (Regulation No. 443670), and the Dubai Financial Services Authority (Regulation No. F003484).
Safety Analysis of XM
The trader holds several mainstream regulatory licenses. All users of the company enjoy a negative balance protection policy so that users will not be exposed to the risk of losing more than their account balance. Besides, the company does not charge any fees for deposit and withdrawal.
Market Instruments of XM
XM provides investors with access to the most popular and mainstream financial tradable instruments in the financial markets, with over 1000 instruments in 6 asset classes, mainly Forex (55 currency pairs, including major, cross-currency pairs, and non-mainstream currency pairs), commodities, stock indices, precious metals (Gold and Silver), energies, and stocks.
Leverage & Account of XM
To meet different traders' trading experience and needs, XM has set up four different account types: Micro (minimum deposit of $5), Standard (minimum deposit of $5), Ultra Low Spread (minimum deposit of $50), and Stock (minimum deposit of $10,000). The leverage settings for Mini, Standard and Super Spread accounts are: $5-$20,000 for 1:1 to 1:888 leverage, $20001-$100,000 for 1:1 to 1:200 , and greater than $100,000 for 1:1 to 1:100. Stock accounts are not available for leverage.
Spreads & Commission Fees of XM
The spreads on standard accounts start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Micro account start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Ultra Low Spreads account start from 0.7 pips for EURGBP, 0.06 pips for EURUSD, 0.2 pips for Gold, and 0.022 pips for Silver. The spreads on Ultra-Low Spread Mini accounts start from 0.7 pips on EURGBP, 0.6 pips on EURUSD, 0.2 pips on Gold, and 0.022 pips on Silver. No commission is charged for Mini, Standard, and Ultra-Low Spread accounts. Stock trading commission: 4% per transaction for all US stocks (minimum $1 commission per trade), 0.10% per transaction for all UK stocks (minimum $9 per trade), 0.10% per transaction for all German stocks (minimum $5 per trade).
Trading Platform Applied
XM provides traders with the market-leading and highly acclaimed MT4 and MT5 trading platforms available for PC, Mac, mobile (iPad, Android, iPhone), web, and multi-terminal.
Deposit & Withdrawal
XM welcomes credit cards, electronic payments (Skrill, NETELLER), local bank transfers, etc. The broker does not charge any service fee for deposits or withdrawals.
fxdd
General Information & Regulation
FXDD Trading is an online trading broker, established in 2002, and now has 18 years of experience in the industry. FXDD Europe is regulated by the Malta Financial Services Authority (MSFA) ( regulatory license number C48817) and is licensed to offer services in all countries within the EEA under the EUs MiFID legislation.
Market Instruments
FXDD provides investors with access to popular tradable instruments in the financial markets, mainly Forex, precious metals, energy, indices, CFDs on US stocks, cryptocurrencies.
Minimum Deposit
FXDD offers two types of accounts for traders, namely standard spread accounts and ECN spread accounts. The minimum deposit for a standard account is $100, quite reasonable for most regular traders to get started.
Leverage
Leverage depends on the instruments traded and defined by the regulatory restrictions together with tarders' personal level of proficiency. So the available leverage allows to trade with increased level-up to 1:30, yet the professional traders may be entitled to higher leverage of up to 1:100.
Spreads & Commissions
Commissions are built-in spreads in standard accounts. The main spreads in standard CFD accounts are EURUSD 2.1 pips, GBPUSD 2.3 pips, AUDUSD 2.0 pips, XAUUSD 33.0 pips, XGUUSD 5.0 pips, US Crude Oil 6.0 pips, Spain IBEX 35 10.10 pips, Appl.4.0 pips. ECN accounts charge a commission of $2.99 per standard lot( one side), and the main spreads for this account are EURUSD 0.2 pips, GBPUSD 0.7 pips, AUDUSD 0.8 pips, XAUUSD 21.0 pips, XGUUSD 6.0 pips, US Crude Oil 7.0 pips, Spain IBEX 35 88.0 pips, APPLE 4.0 pips.
Trading Platform
FXDD Trading offers traders the market-leading and popular MT4 and MT5 trading platforms, as well as its own full-featured, ready-to-use WebTrader platform, customized for advanced traders.
Deposit & Withdrawal
FXDD Trading welcomes several channels for deposit and withdrawal with no fees, including wire transfers (1-3 business days for deposits and withdrawals, minimum deposit and withdrawal amount of $100), UnionPay channels (1-2 business days for deposits and 3-5 business days for withdrawals, a minimum deposit of $300 and minimum withdrawal of $100), and VISA credit cards (support for EUR, USD, JPY, GBP, and GBP). USD, JPY, GBP, 1 working day for the deposit, 5-10 working days for withdrawal), NETELLER (accepting USD, JPY, GBP, EUR, 1 or 2 working days for both deposit and withdrawal), Skrill (accepting EUR, USD, JPY, 1 or 2 working days for both deposit and withdrawal).
Trading Hours
FXDD follows standard trading hours typically Sunday 5 pm to Friday 5 pm (EST). Monthly trading hours may change by instrument and are posted on the latest news section of the brokers website.
Accepted Regions
FXDD accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Does xm or fxdd have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive xm and fxdd are, we first considered common fees for standard accounts. On xm, the average spread for the EUR/USD currency pair is as low as 1 pips, while on fxdd the spread is --.
Which broker is safer, xm or fxdd?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. xm is regulated by ASIC,CYSEC,FSC,FSA,DFSA. fxdd is regulated by MFSA.
Which broker provides better trading platform, xm or fxdd?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. xm Available trading platforms include Micro Account、Standard Account、Ultra Low Spread Standard & Micro Account、Stock Account, tradable financial instruments include -- fxdd works/provides Micro Account、Standard Account、Ultra Low Spread Standard & Micro Account、Stock Account trading platform, trading instruments --