Compare XM Vs Monex Investindo Futures: Which is the Better Forex Broker in 2024?
XM Vs Monex Investindo Futures, 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 XM Vs Monex Investindo Futures, here is the direct comparison:
Compare | XM | Monex Investindo Futures |
General Rating |
3.39/5 |
1.00/5 |
Score | ||
Trustpilot |
2.7/5 559 users |
3.7/5 3 users |
πΌ Regulation | ||
β Info | ||
β Established | 2009 | 2000 |
π² Min Deposit | $5 | $500 |
β Max Leverage | 1:1000 | 1:500 |
π’ Spread | Variable | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.1 lot |
π³ Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | Bank Transfer, Virtual Account, E-wallet (Linkaja, GoPay and OVO) |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
πͺ Trade Now | Open XM | Open Monex Investindo Futures |
Compare Again
Testimonials
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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XM: Transaction invalid, send help
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Monex Investindo Futures: Just information, Monex is a local broker. All of you...
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Monex Investindo Futures: That's totally easy when doing registration on this broker. No...
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Monex Investindo Futures: Firstly, I doubt all of the local forex brokers, but...
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Monex Investindo Futures: For the local forex standard, I think Monex is suitable...
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Monex Investindo Futures: I don't have special trading experience with a local broker,...
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News
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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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XM Donates for Morocco's Tragic Earthquake
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Explore XM MT5 Performance in Various Devices
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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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The Complete Guide to XM Turbo Stocks
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XM Refer a Friend: Earn up to $150 Cash
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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, XM provides their pricing with Variable spread while Monex Investindo Futures offers Variable spread.
XM vs Monex Investindo Futures: 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, XM enables trading with MetaTrader 4, MetaTrader 5, Social Trading, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Monex Investindo Futures provides trading with MetaTrader 4, MetaTrader 5 with the support of .
Is XM or Monex Investindo Futures 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, XM supports trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices, while Monex Investindo Futures presents the ability of trading with Forex, Gold, Silver, Oil, Index.
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 XM and Monex Investindo Futures:
- Compare XM vs DeltaStock
- Compare XM vs Admirals
- Compare XM vs InstaForex
- Compare Monex Investindo Futures vs Octa
- Compare Monex Investindo Futures vs Forex4You
- Compare Monex Investindo Futures vs Grand Capital
For more comparisons, visit this page.