SuperForex vs XM - Fees Review included
Which broker is better SuperForex or XM? Our expert assessment conducted according to TU’s own methodology showed that SuperForex is one of the top brokers in the financial market with the TU Overall Score of 5.8 out of 10. XM is one of the top brokers in the financial market with the TU Overall Score of 8.52 out of 10. Find out more about TU Overall Score.
| Feature | SuperForex | XM |
|---|---|---|
Overall |
3.2 |
4.5 |
1.4 |
4.9 |
|
2.9 |
4.3 |
|
4.2 |
4.4 |
|
Investment Instruments |
3.1 |
4.4 |
Platforms and Charting Tools |
3.0 |
4.6 |
Deposit and Withdrawal |
2.9 |
4.7 |
Research |
4.1 |
5 |
Education |
4.5 |
5 |
Support |
2.6 |
4.6 |
Bonuses |
3.5 |
5 |
|
|
|
SuperForex vs XM: Pros and Cons
“SuperForex” company is the licensed Forex-broker, founded in the year 2013. “SuperForex” broker remains professional in its brokerage servicing and believes that reliability and transparency are its main features. This company tends to provide Forex market participants with the most beneficial trading conditions
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
| SuperForex | XM | |
|---|---|---|
| Overall Pros | Low entry threshold from 1 USD | Well-Regulated broker |
| High leverage limit - up to 1:1000-1:2000 | Strong research tools | |
| Transparent formation of the rating of traders in the social trading service | Strong education | |
| Big Forex bonuses | ||
| Free deposit and withdrawal | ||
| Instant withdrawal | ||
| 1000+ trading assets | ||
| Overall Cons | Offshore regulation | High spreads |
| There is a brokerage commission for withdrawing money |
SuperForex vs XM: Safety and Regulation
| Regulated By: | SuperForex | XM |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
IFSC (Belize) |
IFSC (Belize) |
SuperForex vs XM: Trading Conditions
| Trading Conditions | SuperForex | XM |
|---|---|---|
Minimum Deposit |
From $1 |
$5 |
Trading Platforms |
МТ4 |
MT4, MT5 |
Max Leverage (Futures) |
1-1000-1-2000 |
1:888, 1:30 (for EU, UK clients) |
Supported Markets |
Forex, Shares, Indices, Cryptocurrency, Metals, Energy |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Trading assets |
400+ |
1300+ |
Trading Accounts |
STP (Standard, Swap Free, No Spread, Micro Cent, Profi STP, Crypto), ECN (ECN Standard, ECN Standard Mini, ECN Swap-Free, ECN Swap-Free Mini, ECN Crypto |
Micro, Standard, Ultra Low, Zero |
Base Account Currencies |
USD, EUR, GBP (+ RUB, ZAR, NGN, CNY, BDT, INR, THB, KES, MYR, BRL, BDT, AED) |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
SuperForex vs XM: Fees
Forex Trading Fees
| Fee | SuperForex | XM |
|---|---|---|
Standard Account EURUSD Average Spread |
2 pips |
1.7 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$9 per lot |
Not offered |
ECN Account EUR Average Spread |
From 0.0 pips |
Not offered |
CFD Trading Fees
| Fee | SuperForex | XM |
|---|---|---|
CFD Trading Fee |
Floating and fixed spreads |
Floating spread |
Non-Trading Fees
| Fee | SuperForex | XM |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
0.5%-5% |
No |
Inactivity Fee |
No |
$15 after 5 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
SuperForex vs XM: Trading Assets
| Asset Name | SuperForex | XM |
|---|---|---|
Overall |
400+ |
1300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
SuperForex or XM: Investment Programs
| Asset Name | SuperForex | XM |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XM or SuperForex
| SuperForex | XM | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
SuperForex vs XM: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | SuperForex | XM |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
SuperForex vs XM: Research
| Research Type | SuperForex | XM |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
SuperForex vs XM: Education
| Education Type | SuperForex | XM |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
XM vs SuperForex: Support
| Support Features | SuperForex | XM |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Messengers |
No |
SuperForex vs XM: Forex Bonuses and Promo
| Promo | SuperForex | XM |
|---|---|---|
Forex Bonus |
Welcome, no deposit, classic bonuses with rewards from 30%-50% up to 750 USD |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Affiliate Program |
Affiliate programs with a yield of up to 75% of the referral commission or with a fixed commission of up to 45 USD |
Multi tier affiliate program |
Other Promos |
||
|
|
|
Top 5 Reviews on XM
-
Comment
I have been exclusively trading with ECN brokers and decided it is time to try a market maker for variety. I did a lot of research before signing up and XM Group was among my top three brokers in the final shortlist. I then decided to register with them. The registration process was straightforward and done within 5 minutes, and went right in for my first trade. The terminal is in MT5 and there is nothing much going on. Honestly, this is a huge plus for someone like me who prefers a no-frills platform as you can understand everything that goes on very easily. One standout feature I would like to mention is their fully-customizabl
-
Comment
XM’s registration process is by far the fastest among all the brokers I have enrolled in. I went to their website, clicked register, filled in my email and password, and my trading account was created just like that. I can already go around and explore its website features right after the account creation. Then I opted to download their XM app and went all in with the account verification which turned out to be super fast when using the app. They only asked for one identification card (a time saver) and a face scan for confirmation. Next I received an email saying that my documents have been uploaded and will be reviewed within 24 hours. Only a few minutes had gone by and I received another email confirming that my account had been verified. Love this smooth account registration process.
-
Comment
XM offers leverage ranging from 1:1 to 1000:1, which isantop feature for traders looking to open a large position with a low trading capital. but after my experience trading with leverage on XM, i think new traders should avoid trading with leverage when they newly start trading on their live account. Leverages should be a feature for experts if i am to suggest. After trying leverages on demo accounts I decided to use it on my live accounts. Eager to dip my toes into the dynamic realm of financial markets, I deposited $100 into my trading account with XM, a renowned brokerage platform. Excitedly, I decided to trade the EUR/USD currency pair, one of the most widely traded pairs in the forex market. With a leverage of 1:100, I saw an opportunity to magnify the potential profits and opened a position. The EUR/USD pair seemed promising, with positive economic indicators favoring the Euro. I was optimistic as the trade commenced, envisioning significant gains. However, the market is as unpredictable as the wind, and soon, the trade turned against my proposed strategy. The leverage, while offering the potential for amplified gains, also exposed me to higher risks. As the EUR/USD pair plummeted, so did my account balance. In the blink of an eye, my $100 deposit dwindled away as a result of the fluctuations of the forex market. I realized the importance of risk management and the need for a thorough understanding of leverage. So my approach to trading is to implement strategies that would protect my capital in the future and to use a minimum of 1:10 leverage if I must use it anytime soon.
-
Comment
Beginner traders on XM group can benefit from the rich educational tools provided on the research and education section on the platform. When you click on the research button, resources available here are grouped into three different groups. Beginners alcan start learning about Forex trading with the options available under the learning center. Resources here will help a novice learn about the XM platform Forex and CFD trading. The videos available will introduce a beginner trader to the financial markets and instruments like shares, CFDs, Forex, Crypto, pips, lots, and position size. This videos are meant to breed novice traders from level 1 trader to an expert trader.
-
Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
Top 5 Reviews on SuperForex
-
Comment
After collaborating with SuperForex for two years, I can say that trading here is possible. It's not a broker that ranks high in ratings, but it's also not a scam. Unfortunately, there is no license from a serious regulator. However, I would seriously consider a license if I suspected SuperForex of manipulation. But I haven't noticed any. And I withdraw profits without significant problems or delays, although the withdrawal times are not the shortest.
-
Comment
I transferred my funds to Super Forex to study market conditions for algorithmic trading. I earned some money, but every time I tried to withdraw funds, I was refused with different excuses. Super Forex offers good market conditions with low fees and spreads, but it won’t allow you to withdraw your money. I recommend avoiding this company.
-
Comment
I left SuperForex. Spreads and fees are too high there. There are both deposit and withdrawal fees. The platform is not very fast. There are also frequent slippages that can be up to 20 pipis depending on the asset. But SuperForex has low liquidity.
-
Comment
The SuperForex broker didn't appeal to me. I encountered very pushy managers. They called me several times a day from different phone numbers. While I was researching this company and communicating with SuperForex's support service, they suggested that I provide my phone number for a manager to contact me. Unfortunately, that was my mistake.
-
Comment
I don’t think that Super Forex has guarantees for the safety of client money. Moreover, this company also offers strange bonuses for funding your account. If clients fund their accounts with more than $1,000, SuperForex credits them with the same amount as a bonus. In fact, such bonuses are prohibited by EU legislation. And there are no restrictions for registering EU citizens on the Super Forex website.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.