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XM , Tradeview Broker Comparison

Do you want to know which is the better broker between XM and Tradeview ?

In the table below, you can compare the features of XM , Tradeview side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
XM
9.04
Regulated
Under guarantee
--
--
10-15 years
ASIC,CYSEC,FSC,DFSA,FSCA
--
AAA
AA
375.5
2
2
2
1999
1994
1999
AAA

EURUSD: -0.2

XAUUSD: --

29
-14
29
AA
4.48 USD/Lot
26.39 USD/Lot
D

Long: -7.41

Short: 1.07

Long: -42.2

Short: 19.36

C
0.1
346.8
Micro Account,Standard Account,Ultra Low Spread Standard & Micro Account,Stock Account
Major FX pairs, Minor FX pairs, Commodities, Indices CFDs
5$
1:1000
as low as 1
20.00
Floating
0.1
--
Tradeview
5.9
Regulated
Under guarantee
--
5-10 years
LFSA,CIMA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
Innovative Liquidity Connector,X Leverage Account
--
($25,000) Now $1000 until September 30
1:100
From 0 PIPS
0.00
--
0.1 lot
--

XM 、 Tradeview BrokersRelevant information

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of xm, tradeview lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

xm
Registered in Cyprus
Regulatory status ASIC, CYSEC, FSA, FSC and DFSA
Year(s) of incorporation 10-15 years
Market instruments Currency pairs, stocks, commodities, precious metals, energies, indices...
Minimum initial deposit $5
Maximum leverage 1:1000
Minimum spread From 0.6 pips
Trading platform MT5, MT4, own platform
Deposit and withdrawal methods credit or debit card, Paypal, Skrill Moneybookers, Neteller, WebMoney, CashU, GiroPay
Customer Service Email/phone number/address/live chat
Fraud allegations Not yet

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of XM

Pros:

  • Wide variety of financial instruments to operate.

  • It offers popular platforms such as MT4 and MT5, as well as its own APP.

  • Demo account available to practice before trading with real money.

  • It offers educational resources such as market analysis, economic calendars and courses.

  • 24/7 customer service via live chat, email and telephone.

Cons:

  • The $10,000 minimum deposit for the stock account may be prohibitive for some traders.

  • Spreads on some accounts may be higher than those offered by other brokers.

  • Commissions are applied to the share account.

  • The maximum leverage of 1:1000 may increase risk for inexperienced traders.

  • Regulation in Cyprus may be less stringent than in other European countries.

What type of broker is XM?

Dimension Advantages Disadvantages
Broker Model XM offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' operations, XM has a potential conflict of interest that can lead to decisions that are not in the best interest of its clients.

XM is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XM acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that XM has a certain conflict of interest with its clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with XM or any other MM broker.

Regulation

Regulation is a key dimension to consider when choosing a forex broker, as it offers some protection to the client in terms of security of funds, transparency and fairness of operations. XM is a Cyprus registered company and regulated by several major regulatory bodies, including ASIC, CYSEC, FSA, FSC and DFSA.

ASIC is the Australian Financial Services Authority and is responsible for regulating the financial sector in Australia. CYSEC is the Cyprus Securities and Exchange Commission and is the financial regulatory authority in Cyprus. The FSA is the Financial Services Authority of the United Kingdom and regulates the financial sector in the United Kingdom. The FSC is the Financial Services Commission of Mauritius, which regulates the financial sector in Mauritius. The DFSA is the Dubai Financial Services Authority and is the financial regulatory authority in Dubai.

Multi-entity regulation provides greater customer protection, as it means that the broker is subject to multiple sets of regulations and standards. In addition, this can enhance the broker's reputation in the industry.

In summary, XM is a forex broker regulated by several entities, which provides clients with greater protection and transparency in their operations.

XM General Information

XM is a Forex and CFD broker based in Cyprus and regulated by several internationally renowned financial authorities, including ASIC, CYSEC, FSA, FSC and DFSA. It offers a wide variety of financial instruments, including cryptocurrencies, stocks, metals, currency pairs, indices, energies, etc. Clients have access to several trading platforms, including MT4, MT5 and the XM mobile app, and can choose from four different account types. XM also offers a free demo account, educational resources and 24/7 customer support.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

General information

Market instruments

Advantages Disadvantages
Wide range of financial instruments to choose from It can be overwhelming for new or inexperienced traders.
Traders can diversify their portfolio Some financial instruments may have limited liquidity
Opportunities to take advantage of different markets Traders may need to perform additional analysis of the different markets and their influencing factors.
Greater flexibility to implement different strategies Some traders may not be interested in certain financial instruments.

XM offers its traders a wide variety of over 1000 financial instruments, including cryptocurrencies, stocks, metals, currency pairs, indices, energies and more. This variety allows traders to diversify their portfolios and take advantage of different markets to implement different trading strategies. Traders also have the flexibility to choose from a wide range of financial instruments and select the ones that best suit their trading preferences and objectives. However, for some new or inexperienced traders, the variety of financial instruments can be overwhelming, and some instruments may have limited liquidity, which can make trading them difficult.

market instruments

Spreads and commissions for trading with XM

Advantages Disadvantages
Low Spreads Spreads can be higher during periods of high volatility
No commissions charged on the first three accounts A commission is charged on the share account.
Highly leveraged accounts Spreads may vary according to account type and time of day.

In terms of spreads and commissions, XM offers low spreads on the first three commission-free accounts. However, during periods of high volatility, spreads may be higher. On the equity account, a commission is charged in addition to the spreads. The accounts offer high leverage, which means that investors can trade significantly more money than they have in their account. Spreads can vary by account type and time of day, so investors should keep an eye out for changes. In general, XM offers competitive spreads and account options to suit different investment levels.

Trading accounts available at XM

Advantages Disadvantages
Low minimum deposit accounts The share account has a high minimum deposit
Offers account options for different investment levels A commission is charged on the share account.
No commissions charged on the first three accounts There is no leverage in the share account.
High leverage on the first three accounts The ultra low account has higher spreads than other accounts.

XM offers a variety of account types to suit different investment levels. The micro, standard and ultra low accounts have no high minimum deposit and no commissions are charged. The ultra low account has higher spreads than the other accounts, but the goal is to offer even lower spreads than those offered in the micro and standard accounts. The stock account has a minimum deposit of $10,000 and a commission is charged. No leverage is offered on the share account, which means investors must invest the full amount of their trade. In general, XM offers account options for different investment levels.

The XM demo account is an excellent tool for novice traders or those who wish to test new trading strategies without risking their capital. The demo account comes with a virtual trading platform that replicates live trading conditions and can be accessed from any device. Traders can practice their trading skills and familiarize themselves with the financial instruments available at XM without having to risk their money. In addition, the XM demo account has no time restrictions, which means that traders can use it for as long as they need before they start trading with a live account. Overall, the XM demo account is a valuable tool for those who wish to improve their trading skills before getting involved in live trading.

account types

Account Opening

XM, is a broker, which has an account opening with a minimum deposit of $5. The steps for account opening

How can you open an XM Broker account?

Currently, there are numerous online brokers on the market, where you can trade forex, CFDs. Each of them offers a variety of trading accounts, in a simple and fast way, where there are brokers that have an easier registration process. Below are the steps to follow for opening an XM Broker account:

a) Fill in your personal data and address in the online registration form.

b) Usually, you have to choose the leverage, to comply with regulatory bodies, in this broker does not meet the regulatory parameters. So be careful.

c) Upon completion, it is recommended to read, agree and accept the terms and conditions of the contract.

d) Sending documentation, there are brokers that request documentation, in this case, the company does not indicate the requirement of the same.

e) Proof of identity, you must send a scanned document proving your identity, e.g. passport, ID card or driver's license. Must be valid

f) Proof of Address: as to the veracity of the address, a scanned copy of the current utility bill verifying the address must be provided.

g) Make initial deposit: each Broker establishes its minimum deposit, for the opening of the trading account it offers.

h) Upon completion of the registration process, you have access to the client area with the Broker.

Operating platform offered by XM

Advantages Disadvantages
It offers the popular MT4 and MT5 platforms, which are widely used by traders around the world. XM's proprietary trading platform may have fewer features than MT4 and MT5.
MT4 and MT5 offer extensive customization possibilities and a wealth of technical indicators and analysis tools. The learning curve can be steep for beginners using MT4 and MT5.
The XM mobile app is easy to use and is available for both iOS and Android. Users may have trouble switching from one platform to another if they are used to a particular one.

XM offers its clients a selection of trading platforms, including the popular MT4 platform and its successor, MT5. In addition, the company has also developed its own custom trading platform for those looking for something different. Both platforms offer a wide variety of technical indicators, analysis tools and customization possibilities. XM's mobile app is also easy to use and is available on iOS and Android. However, for those who are comfortable with a particular platform, it may be difficult to switch to another platform. Beginners may also find the MT4 and MT5 learning curve steep, although the customization possibilities and variety of analysis tools may make it worth the effort. Overall, XM offers a solid selection of trading platforms to meet the needs of all traders.

trading platform

XM also offers a series of instructional videos, such as this one from its YouTube channel, on how to open an account using MT4.

XM maximum leverage

Advantages Disadvantages
Enables operators to expand their investment capacity Significantly increases the risk of loss
Possibility of obtaining higher profits with less capital Requires greater knowledge and experience of the market
Allows diversification of the portfolio with larger positions Lack of proper management can lead to large losses
Greater flexibility to operate different instruments Increased exposure to the risk of market fluctuations

Leverage is an important tool in Forex trading that allows traders to have greater exposure to the market with limited capital. At XM, the maximum leverage offered is 1:1000, which means that for every $1 of capital, the trader can control up to $1000 in the market. This can be attractive to traders looking to maximize their profits with less capital.

However, it is also important to note that high leverage carries a higher risk of loss. If the market moves against the trader's position, losses can be significant. That is why it is important for traders to have proper risk management and understand the risks associated with trading with leverage before trading XM.

maximum leverage

Deposit and Withdrawal: methods and fees

In XM deposits and withdrawals are made from the user's site, and is functional on mobile devices can use mobile trading.

There are brokers that accept bank transfers and credit or debit card payments. Some brokers offer greater facilities by implementing the possibility of payment through electronic means of payment such as Paypal, Skrill Moneybookers, Neteller, WebMoney, CashU, GiroPay, etc.

XM Education

Advantages Disadvantages
Wide variety of educational resources, including market analysis, economic calendars, signals and online courses. Not all educational resources are available in all languages.
Offers trading tools and videos to help traders improve their skills. The quality of educational resources may vary depending on the trader's level of experience.
Offers regular webinars and online seminars. Some educational resources may not be up to date with the latest market developments.

XM strives to provide a wide variety of educational resources to help their clients improve their trading skills. They offer a wide range of tools and resources, such as market analysis, economic calendars, signals and online courses. In addition, XM regularly offers webinars and online seminars, which are an excellent way to learn from experienced traders and gain a better understanding of the markets. However, not all educational resources are available in all languages and the quality of educational resources may vary depending on the trader's level of experience. In addition, some educational resources may not be up to date with the latest developments in the markets, so traders should be careful in selecting the resources they use. Overall, XM makes a solid effort to provide a variety of useful educational resources for its clients.

educational resources

XM Customer Service

Advantages Disadvantages
Live chat available 24/7 No toll-free number
Multilingual customer service
Registered address provided on the website No estimated response time is mentioned
E-mail available for inquiries No fax support
International phone numbers available No callback service available

XM excels in its customer service by providing a live chat available 24 hours a day, which means that customers can get real-time help at any time. In addition, XM's website offers the company's registered address, which provides greater transparency and confidence to the customer. Multi-language customer support is also a significant advantage for international customers. In addition, XM provides an international e-mail address and phone numbers for support inquiries. However, a disadvantage is the lack of a toll-free number, as well as the lack of social media and fax support. In addition, there is no mention of an estimated response time for support inquiries and no callback service is offered.

customer support

Conclusion

Overall, XM is a well-regulated and secure company that offers a wide range of financial instruments and a good variety of accounts. Its focus on customer education and 24/7 multilingual support is also a big plus. Disadvantages include floating spreads that can be higher than the competition and the lack of a proprietary trading platform. Overall, XM is a good choice for those looking for a regulated broker with a wide range of products and customer support services.

Frequently asked questions about XM

  • Question: Is XM a regulated company?

  • Answer: Yes, XM is regulated by multiple agencies such as ASIC, CYSEC, FSA, FSC and DFSA.

  • Question: What are the account types offered by XM?

  • Answer: XM offers four account types: micro account, standard account, ultra low account and share account.

  • Question: What is the minimum deposit required to open an XM account?

  • Answer: The minimum deposit required for the first three accounts (micro account, standard account and ultra low account) is $5, while for the share account it is $10,000.

  • Question: What trading platforms does XM offer?

  • Answer: XM offers the most popular trading platforms in the industry: MT4 and MT5, as well as its own mobile application.

  • Question: What is the maximum leverage offered by XM?

  • Answer: The maximum leverage offered by XM is 1:1000.

  • Question: Does XM offer a demo account?

  • Answer: Yes, XM offers a demo account for clients to practice without risking their own money.

  • Question: What educational resources does XM offer?

  • Answer: XM offers a wide range of educational resources such as market analysis, economic calendars, trading signals, tools, videos, courses and webinars.

tradeview

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Feature Detail
Registered Country/Region Cayman Islands
Found 2004
Regulation LFSA
Market Instrument Forex, Indices CFDs, Commodities, and Cryptocurrencies
Account Type X leverage account and Innovative Liquidity Connector account
Demo Account yes
Maximum Leverage 1:400
Spread (EUR/USD) Floating around 0.3 pips
Commission X Leverage account: no; Innovative Liquidity Connector account: $5 per lot
Trading Platform MT4, MT5, cTrader and Currenex
Minimum Deposit $100
Deposit & Withdrawal Method bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, etc.

General Information

Tradeview is an online ECN broker based in the Cayman Islands, founded in 2004. Tradeview is a regulated brokerage firm operating in the Cayman Islands and regulated in Malaysia.The company offers Straight Through Processing (STP) and holds a full license for MT4/5, providing traders with access to various financial markets. Tradeview allows trading in cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and XRP, as well as major stock market indices and commodities like gold, silver, and crude oil. The brokerage offers two trading account options: the X leverage account and the Innovative Liquidity Connector account, catering to different types of traders.

Tradeview supports multiple trading platforms, including Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms offer advanced features, charting capabilities, and a wide range of technical indicators. The company also provides a comprehensive trading platform, an economic calendar, and educational resources such as a glossary and financial blogs.

Tradeview offers various payment methods, including bank wire transfers, credit cards, and alternative options. However, there have been concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicious trading practices, and lackluster customer support. Some users have also reported discrepancies in payment methods and fees.

Here is the home page of this brokers official site:

home page

Pros and Cons

Tradeview, a regulated brokerage based in the Cayman Islands, offers a diverse range of market instruments, including cryptocurrencies, stock market indices, commodities, and currency pairs. However, there are some drawbacks to consider. The spread values for trading are not provided in the available information, and there is a lack of detailed information on leverage, margin requirements, trading hours, and specific contract specifications. Additionally, there is limited information on trading fees, commissions, and the features and advantages of certain account types and trading platforms. There have been concerns raised by customers regarding difficulties in withdrawing funds, server errors, abnormal trading practices, and poor customer support. These factors indicate a need for further research and caution before engaging with Tradeview as a trading platform.

Pros Cons
Diverse range of market instruments Spread values not provided in the table
Access to multiple trading platforms Lack of detailed information on the Innovative Liquidity Connector account
Demo account available for practice trading Limited information on account features
Opportunity for traders with limited funds Limited information on the specific features and capabilities of the trading platforms
Wide range of deposit options Bank wire withdrawal fee
No fees for most withdrawal methods Fees for Skrill and Neteller
Reviews highlighting concerns related to withdrawal issues,

Is Tradeview Legit?

Based on the information provided, Tradeview Ltd is regulated by the Cayman Islands Monetary Authority (CIMA) with license number 585163. However, the provided information indicates that Tradeview Ltd has exceeded its business scope regulated by CIMA and has received a risk alert from WikiFX. The alert suggests that Tradeview Ltd is operating with a license that does not cover its current business activities.

regulation
regulation

Market Instruments

Tradeview currently offers investors trading in Forex, Indices CFDs, Commodities, and Cryptocurrencies like Litecoin, Bitcoin, Ethereum, Ripple and more.

Cryptos:

Tradeview offers several cryptocurrencies for trading, including BTCUSD (Bitcoin to US Dollar), BTCJPY (Bitcoin to Japanese Yen), ETHUSD (Ethereum to US Dollar), LTCUSD (Litecoin to US Dollar), and XBNUSD (XRP to US Dollar). These instruments allow traders to speculate on the price movements of various cryptocurrencies.

market-instruments

Indices:

Tradeview provides trading opportunities in different indices such as GDAXI (German DAX 30), NDX (NASDAQ 100), AUS200 (Australian 200), FCHI (French CAC 40), SPXm (S&P 500 mini), and WS30 (Dow Jones Industrial Average). Traders can take positions based on the performance of these stock market indices.

market-instruments

Commodities:

The commodities available for trading on Tradeview include GOLD (Gold), SILVER (Silver), CRUDE (Crude Oil), NGAS (Natural Gas), GOLDEUR (Gold to Euro), and UKOIL (UK Brent Crude Oil). Traders can speculate on the price fluctuations of these commodities

market-instruments

Pros and Cons

Pros Cons
Diverse range of market instruments Spread values not provided in the table
Opportunity to trade popular cryptocurrencies Lack of information on leverage, margin requirements, and trading hours
Access to major stock market indices Limited information on specific commodity contracts
Ability to trade in commodities Limited information on cryptocurrency trading pairs
Wide selection of currency pairs No information on trading fees or commissions

Account Types

There are two trading account options available at Tradeview: the X leverage account and the Innovative Liquidity Connector account. The minimum deposit to open an X leverage account is $100, which sounds quite reasonable for most regular traders to have a try.

Tradeview also offers a free live demo account where users can trade across MT4, MT5, cTrader and CurreneX platforms. Users can learn to trade in real-time, and practice trading strategies with technical indicators while avoiding money risks.

How to Open an Account?

To open an account with Tradeview, follow these steps:

  1. Go to the Tradeview website.

  2. Look for the “Open Account” button on the homepage and click on it.

open-account

3. On the account types page, you will see different options. To start with a demo account, click on the “Demo Account” option. If you want to open a live trading account, proceed to the next step.

4. Select the type of account you want to open. Tradeview offers three options: “Individual Application,” “Joint Account Application,” and “Corporate Account Application.” Choose the one that suits your needs and click on it.

open-account

5. Fill out the basic information form. Provide accurate details such as your name, email address, phone number, country of residence, and desired account currency.

6. Next, you need to choose a trading platform. Tradeview offers several platforms, such as MT4, MT5, cTrader, and Currenex. Select the platform you prefer for trading.

7. Select the currency type for your account. You can choose between USD (United States Dollar) and EUR (Euro).

8. Proceed to fill in the primary account holder information. This includes personal details like your full name, date of birth, residential address, and occupation.

9. Read and review the Individual Agreement carefully. This document outlines the terms and conditions for opening and using an individual trading account with Tradeview. Make sure you understand and agree to the terms before proceeding.

10. Once you have completed all the required information, click on the “Submit” or “Open Account” button to submit your application.

open-account

After submitting your application, Tradeview may require additional documentation to verify your identity and address. This typically includes providing a copy of your identification documents (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement). Make sure to follow any instructions provided by Tradeview to complete the verification process.

Leverage

Leverage differs for each account. For ILC (Innovative Liquidity Connector) accounts, the maximum trading leverage is 1:100 while on X Leverage accounts, it is up to 1:400. The minimum trade size is 0.1 lots on the ILC account and 0.01 lots on the X leverage account.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

All spreads with Tradeview are a floating type and scaled with the asset class. For example, the EUR/USD spread is floating around 0.3 pips. There is no commission on the X Leverage account, while the Innovative Liquidity Connector account has to pay a commission of $5 per lot.

Trading Platform

Traders are free to choose from four different trading platforms, Metatrader4, Metatrader5, cTrader, and Currenex, depending on their trading experience and trading needs.

Tradeview offers four trading platforms to choose from: Metatrader 4, Metatrader 5, cTrader, and Currenex. These platforms provide traders with advanced tools and features to enhance their forex trading experience.

Metatrader 4 (MT4) is a widely recognized platform in the forex industry. It offers a user-friendly interface, extensive charting capabilities, and a wide range of technical indicators. Traders can execute trades, set up automated trading strategies, and access a vast marketplace of third-party plugins and expert advisors.

Metatrader 5 (MT5) is the successor to MT4 and offers enhanced features and functionality. It provides an improved trading environment, additional order types, advanced analytical tools, and more options for customization. MT5 also allows traders to access various financial markets, including cryptocurrencies.

cTrader is a powerful and innovative trading platform known for its advanced order execution capabilities and comprehensive charting tools. It provides direct market access (DMA) and enables traders to execute trades quickly. cTrader also offers a range of features such as depth of market (DOM), detachable charts, and customizable layouts.

Currenex is a platform designed specifically for institutional and professional traders. It offers deep liquidity, fast order execution, and advanced trading tools. Currenex provides access to a wide range of currency pairs and allows for high-volume trading.

trading-platform
Pros Cons
User-friendly interface of MT4 and MT5 Limited information on the specific features and capabilities of the platforms
Extensive charting capabilities on MT4 and MT5 No information on the features and advantages of cTrader and Currenex
Access to a wide range of technical indicators on MT4 and MT5 Lack of details on the execution speed and order types offered by each platform
Availability of third-party plugins and expert advisors on MT4 Limited information on the customization options and tools provided by each platform
Direct market access and advanced order execution on cTrader Insufficient information on the platform's compatibility with different devices and operating systems
Currenex platform tailored for institutional and professional traders No information on the pricing structure or fees associated with using the platforms

Trading Tools

Tradeview offers two trading tools that provide valuable features and functionality for traders. These tools are designed to assist traders in making informed decisions and executing their trading strategies.

Trading Platform: Tradeview provides a comprehensive trading platform that allows traders to access various financial markets and instruments. The platform offers a user-friendly interface with advanced charting capabilities, real-time market data, and a range of order types for executing trades. Traders can analyze price movements, monitor positions, and implement trading strategies directly from the platform. The trading platform is accessible on desktop computers, as well as mobile devices, enabling traders to stay connected to the markets at all times.

trading-tools

Economic Calendar: Tradeview offers an economic calendar, which is a vital tool for traders to stay updated on important economic events and their potential impact on the financial markets. The economic calendar provides a schedule of upcoming economic indicators, such as GDP releases, interest rate decisions, employment reports, and more. Traders can use this information to anticipate market movements, identify trading opportunities, and manage their risk accordingly. The economic calendar offered by Tradeview is comprehensive and provides relevant data for various regions and countries.

trading-tools

Pros and Cons

Pros Cons
Comprehensive trading platform Limited information on contract specifications
User-friendly interface Lack of information on trading fees
Advanced charting capabilities Limited availability of trading tools and indicators
Real-time market data Limited customization options for the trading platform

Trading Hour

Tradeview opens on Sunday at 5 pm EST and closes on Friday at 4:55 EST. Each market is subject to specific trading hours. Forex, Indices and commodities markets are open 24/5 from Monday to Friday. Trading hours for each market can also be viewed on MT4 and MT5 platforms.

Deposit & Withdrawal

Tradeview supports bank wire transfers, credit cards, Skrill, Neteller, STICPAY, Fasapay, and many other deposit and withdrawal methods.

Note that losses can exceed the initial amount invested. Third-party payments will NOT be accepted. All deposits MUST be from the original account owner.

Withdrawals are only released via the same method in which the payment was originally submitted. Tradeview does not charge fees for withdrawals. However, a hefty $35 is charged with the bank wire option and a 1%-1.5% fee for Skrill and Neteller. To submit a request for withdrawals, users have to complete a form on the website with supporting documentation.

Deposit & Withdrawal
Deposit & Withdrawal

Educational Resources

Tradeview offers some educational materials in the form of a glossary list. They also have a website called Surf Up!, which is dedicated to educating about the FX market. The website is updated with daily news and regular financial blogs.

Trading Hours

Tradeview operates during specific trading hours, which are as follows: The trading week starts on Sunday at 5 pm EST and ends on Friday at 4:55 pm EST. The Forex, Indices, and commodities markets are open 24 hours a day, five days a week, from Monday to Friday. For more detailed trading hour information, users can refer to the MT4 and MT5 platforms provided by Tradeview.

Customer Support

Tradeview provides customer support services through various channels. Traders can reach out to their customer service desk 24/5 via instant web chat. Additionally, there is a 'contact us' form available for submitting inquiries, and the support team responds to these queries via email. For direct assistance, traders can contact Tradeview by telephone at the provided numbers. Tradeview is also active on popular social media platforms such as Facebook, Twitter, LinkedIn, and Instagram. Their physical address is located at 4th Floor Harbour Place, 103 South Church St, PO Box 1105.

customer-support

Reviews

The reviews on WikiFX about Tradeview suggest several concerns and issues raised by customers. One user reported difficulties in withdrawing funds, encountering server errors, and expressing suspicions about the legitimacy of the platform. Another user mentioned experiencing forced liquidation and losses due to abnormal quotations and insufficient margin. Additionally, a customer complained about the broker converting their EURO deposit to RUB without their knowledge and the lack of response from customer support. Another review accused Tradeview of charging BitPay fees but paying clients via Uphold, resulting in delayed transactions and potential losses. Finally, a customer claimed that Tradeview took several days to process their BTC transaction, charged BitPay fees despite using Uphold, and suggested the company intentionally delayed transactions when the Bitcoin price was rising. These reviews highlight concerns related to withdrawal issues, abnormal trading practices, poor customer support, and potential discrepancies in payment methods and fees.

deposit-withdrawal

Conclusion

In conclusion, Tradeview has both advantages and disadvantages to consider. On the positive side, Tradeview offers a diverse range of market instruments, including cryptocurrencies, stock market indices, and commodities, providing traders with various trading opportunities. They also offer multiple trading platforms, such as Metatrader 4, Metatrader 5, cTrader, and Currenex, each with its own set of features. Additionally, Tradeview provides educational resources to help users learn about the FX market. However, there are several concerns raised by customers, including difficulties with fund withdrawals, server errors, suspicions about the platform's legitimacy, forced liquidation, and potential discrepancies in payment methods and fees. It is important for potential traders to carefully evaluate these factors before deciding to engage with Tradeview.

Frequently Asked Questions (FAQs)

Q 1: Is Tradeview regulated?
A 1: Yes. It is regulated by LFSA.
Q 2: At Tradeview, are there any regional restrictions for traders?
A 2: Yes. The services and products offered by Tradeview are not being offered within the United States (US) and are not being offered to US Persons, as defined under US law. The information on this website is not directed to residents of any country where FX and/or CFD trading is restricted or prohibited by local laws or regulations.
Q 3: Does Tradeview offer demo accounts?
A 3: Yes.
Q 4: Does Tradeview offer the industry-standard MT4 & MT5?
A 4: Yes. Tradeview supports MT4, MT5, cTrader and Currenex.
Q 5: What is the minimum deposit for Tradeview
A 5: The minimum initial deposit to open an account is $100.
Q 6: Is Tradeview a good broker for beginners?
A 6: Yes. Tradeview is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

Are the transaction costs and expenses of xm, tradeview lower?

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 tradeview 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 tradeview the spread is From 0 PIPS.

Which broker between xm, tradeview is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

xm is regulated by ASIC,CYSEC,FSC,DFSA,FSCA. tradeview is regulated by LFSA,CIMA.

Which broker between xm, tradeview provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

xm provides trading platform including Micro Account,Standard Account,Ultra Low Spread Standard & Micro Account,Stock Account and trading variety including Major FX pairs, Minor FX pairs, Commodities, Indices CFDs. tradeview provides trading platform including Innovative Liquidity Connector,X Leverage Account and trading variety including --.

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