Forex Broker Comparison
Detailed side-by-side analysis
Quick Summary
Best for Beginners
Interactive Brokers
$0.00Tightest Spreads
XM
From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard pipsHighest Leverage
XM
1:Up to 1:1000Best Rated
Interactive Brokers
Mobile Trading
Both
✓✓General Information
Interactive Brokers
Regulation
FCA (UK), ASIC (Australia), CySEC (Cyprus), NFA/CFTC (USA), MAS (Singapore), JFSA (Japan), BaFin (Germany), FINMA (Switzerland), IIROC (Canada), SFC (Hong Kong), CONSOB (Italy), CNMV (Spain)
Founded
N/A
Headquarters
United States
Overall Rating
XM
Regulation
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)
Founded
N/A
Headquarters
Cyprus
Overall Rating
Trading Conditions
| Feature | Interactive Brokers | XM |
|---|---|---|
| Minimum Deposit | $0.00 | $5.00 |
| Average Spreads | Variable (market-based ECN pricing, from ~0.1 pips on major forex pairs) | From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard |
| Maximum Leverage | 1:50 | Up to 1:1000 |
| Commission | None | None |
Account Types
Interactive Brokers
XM
Platforms & Tools
Interactive Brokers
WebTrader, TradingView, Interactive Brokers
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
XM
MetaTrader 4, MetaTrader 5
Mobile Trading
Available
Web Trading
Available
VPS Hosting
Available
Social Trading
Available
Payments
Interactive Brokers
Deposit Methods
Bank Wire Transfer ACH Transfer (USA) SEPA Transfer (EU) Wise (TransferWise) Direct Bank Transfer (local methods in supported countries)
Withdrawal Methods
Bank Wire Transfer ACH Withdrawal (USA) SEPA Withdrawal (EU) Direct Bank Transfers to registered accounts
Withdrawal Fee
None
XM
Deposit Methods
Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)
Withdrawal Methods
Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)
Withdrawal Fee
None
Support
Interactive Brokers
Support Languages
English, Chinese, Japanese, German, French, Spanish, Italian, Portuguese, Dutch, Russian, Korean, and several additional localized platform languages
Support Channels
24/5 support (phone, chat, email) Regional support centers (US, Europe, Asia-Pacific) Priority service for professional accounts
Account Manager
Available
XM
Support Languages
30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)
Support Channels
24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.
Account Manager
Not Available
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