Compare FxGrow Vs XM: Which is the Better Forex Broker in 2024?
FxGrow Vs XM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FxGrow Vs XM, here is the direct comparison:
Compare | FxGrow | XM |
General Rating |
1.00/5 |
3.43/5 |
Score | ||
Trustpilot |
3.8/5 2 users |
2.6/5 615 users |
💼 Regulation | ||
❗ Info | ||
⌛ Established | 2008 | 2009 |
💲 Min Deposit | $100 | $5 |
⚖ Max Leverage | 1:100 | 1:1000 |
🔢 Spread | Variable | Variable |
💸 Commissions | $8 | $3.50 |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Skrill, Wire transfer, Credit/debit cards and Neteller | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard, Moneta.Ru and Perfect money |
🏢 Office(s) |
🧩 Demo Account | ||
📁 Segregated Account | ||
🕋 Islamic Account | ||
👨💻 PAMM Account | ||
📈 Managed Account |
💱 Hedging | ||
🇺🇸 US traders | ||
🕛 Swaps |
🏆 Trading contests | ||
⚡ Automated trading | ||
💰 Bonus offers | ||
📖 Free education |
1️⃣ One-click trading | ||
⏱ Trailing stop | ||
⏳ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
🗣 Website Languages | Arabic, English | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
🚪 Trade Now | Open FxGrow | Open XM |
Compare Again
News
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FxGrow Upgrades Trading Infrastructure with Integral's SaaS Solutions
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
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XM Contributes on Literacy Support to Orphans and Homeless in Iraq
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XM Kicks Off its 2023 Grand Trading Promotion
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Article
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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
-
Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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How to Open Account in FxGrow
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How to Deposit and Withdraw from FxGrow
-
Win Withdrawable Cash in XM Trading Competition
-
Boost Your Trading Execution with XM VPS
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See More Related FxGrow Article
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FxGrow provides their pricing with Variable spread while XM offers Variable spread.
FxGrow vs XM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, FxGrow enables trading with MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, XM provides trading with MetaTrader 4, MetaTrader 5, Social Trading, Web with the support of One-click trading, Trailing stop, Pending orders.
Is FxGrow or XM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, FxGrow supports trading with Forex, Gold & silver, Crypto, CFD, Oil, Stocks, Indexes, Energies, while XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to FxGrow and XM:
- Compare FxGrow vs ADSS
- Compare FxGrow vs FP Markets
- Compare FxGrow vs Octa
- Compare XM vs Axi
- Compare XM vs InstaForex
- Compare XM vs Pepperstone
For more comparisons, visit this page.