FXREVIEW — FXVIEW V/S XM?

Keeping up the track, here is another comparison review on two reputed brokers Fxview and XM.

First things First, both the brokers are regulated with strong regulations. Fxview is Cysec regulated along with some other regulations like Bafin, FCA, ACPR and Consob. At the same time, XM also holds regulation of strong regulatories like Cysec, Asic, Dfsa and IFSA.

Moving further, lets take a deeper look at the trading conditions and services offered by these brokers.

1. SPREADS

If we take a look at the spreads, we can make out that fxview’s spreads are a little better than Xm’s. Yet, you can still check out a few more pairs, these are taken from the myfxbook spreads section.

2. COMMISSION

Fxview — $2/100k RT

XM — $7/100k RT

Clearly, fxview is quite reasonable in terms of commission when compared with XM.

However, if we include commissions and spreads both, you can check below.

As you can see, fxview is leading in almost all the forex pairs.

3. PAYMENT METHODS

Both the brokers accept multiple deposit and withdrawal methods by multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods. There are no extra fees charged for withdrawal of funds with both too.

4. SERVICES

In terms of services, both the brokers are quite good. They even offer good customer support to their clients. One thing to note is that with both these brokers, you’ll have to pay an inactivity fees as follows:

Fxview — 25 euros will be charged for the inactivity of an account for 18 complete months. If there is still no activity for another 6 months, you will be charged another 25 euros along with the closing of your account.

XM — $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive, which is lower as compared to fxview’s fees.

On the whole, both the forex brokers, Fxview and XM, are quite competitive. You can give them a try with a small sum or even demo trading might give you a fair idea.

The choice is yours.

Hope it helps.