XM vs NordFX - Fees Review included
Which broker is better XM or NordFX? Our expert assessment conducted according to TU’s own methodology showed that XM is one of the top brokers in the financial market with the TU Overall Score of 9 out of 10. NordFX is one of the top brokers in the financial market with the TU Overall Score of 6.98 out of 10. Find out more about TU Overall Score.
| Feature | XM | NordFX |
|---|---|---|
Overall |
4.5 |
4.1 |
4.9 |
3.5 |
|
4.3 |
4.5 |
|
4.4 |
3.6 |
|
Investment Instruments |
4.4 |
5 |
Platforms and Charting Tools |
4.6 |
4.5 |
Deposit and Withdrawal |
4.7 |
4.4 |
Research |
5 |
4 |
Education |
5 |
4.2 |
Support |
4.6 |
4.4 |
Bonuses |
5 |
3.8 |
|
|
|
XM vs NordFX: Pros and Cons
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.
NordFX is an international company founded in 2008. Over the years, the broker has been awarded over 50 prestigious awards and various prizes. You can find below a shortlist of the company's achievements over the past decade. In 2020, NordFX received the “Best Platform for Central Asset Accounts” award. Earlier in the year, its affiliate program received this award as well as the social trading platform award. According to the Masterforex-V Academy, NordFX became the best world broker in 2019. In 2018, it was declared the Best Broker in Asia. Since 2011, its bonus programs, promotions, and partner programs have regularly been recognized as the best in Asia. The high quality of service was noted and NordFX was recognized as the “Best Forex broker in China” for the quality of its dealing. NordFX operates in nearly 190 countries and has over 1.25 million trading accounts. The company offers services for active and passive trading on the Forex market. It operates under the jurisdiction of the British Virgin Islands.
| XM | NordFX | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Saving account for investors |
| Strong research tools | Copy trading and PAMM are available | |
| Strong education | Zero spread account for active traders | |
| Big Forex bonuses | Attractive affiliate program | |
| Free deposit and withdrawal | Free trading signals | |
| Instant withdrawal | Free VPS | |
| 1000+ trading assets | Deposits in crypto | |
| Overall Cons | High spreads | Offshore regulation |
| Only 35 supported FX pairs | ||
| High card withdrawal fee |
XM vs NordFX: Safety and Regulation
| XM | NordFX | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Not regulated |
Investor protection |
£85,000 €20,000 |
No |
FCA UK Regulation |
No |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
XM vs NordFX: Trading Conditions
| Trading Conditions | XM | NordFX |
|---|---|---|
Minimum Deposit |
$5 |
$10 |
Trading Platforms |
MT4, MT5 |
МТ4, MT5, MultiTerminal, NordFx Mobile |
Max Leverage (Futures) |
1:888, 1:30 (for EU, UK clients) |
1-1000 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks |
Forex, CFDs on indices, stocks, commodities, crypto, metals |
Trading assets |
1300+ |
100+ |
Trading Accounts |
Micro, Standard, Ultra Low, Zero |
Fix, Pro, Zero, Savings |
Base Account Currencies |
USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
USD |
XM vs NordFX: Fees
| XM | NordFX | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,7 |
0,9 |
Standard acc. spread EUR/USD, max pips |
1,2 |
1,2 |
ECN Commission |
3,5 |
3 |
ECN Spread EUR/USD |
0,2 |
0,1 |
Deposit fee, % |
No |
0-1,99 |
Withdrawal fee, % |
No |
0-5 |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
XM vs NordFX: Trading Assets
| Asset Name | XM | NordFX |
|---|---|---|
Overall |
1300+ |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
XM or NordFX: Investment Programs
| Asset Name | XM | NordFX |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: NordFX or XM
| XM | NordFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
NordFx Mobile |
Others |
No |
No |
|
|
|
XM vs NordFX: Deposit and Withdrawal Methods
| XM | NordFX | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
XM vs NordFX: Research
| Research Type | XM | NordFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
XM vs NordFX: Education
| Education Type | XM | NordFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
Yes |
NordFX vs XM: Support
| Support Features | XM | NordFX |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
XM vs NordFX: Forex Bonuses and Promo
| Promo | XM | NordFX |
|---|---|---|
Forex Bonus |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Referal bonus 10% |
Affiliate Program |
Multi tier affiliate program |
Up to 60% of referrals spread |
Other Promos |
||
|
|
|
Top 5 Reviews on NordFX
-
Comment
NordFX offers a wide range of trading instruments: 33 currency pairs, 6 cryptocurrency pairs, 10 CFDs on indices, and 23 CFDs on commodities such as gold, oil, and gas. Trading is available on MT4 and MT5 platforms, with mobile trading supported. The minimum lot size is 0.01, and EUR/USD spreads can start from 0.0 pips on some accounts. Additionally, NordFX supports PAMM services and copy trading, allowing passive investment by copying successful traders.
-
Comment
NordFX has extensive experience in the industry — the company was founded in 2008 and serves clients from over 190 countries. The minimum deposit is just $10 for the MT4 Pro account type, which allows beginner traders to try live trading with minimal costs. Leverage of up to 1:1000 is among the highest offered by forex brokers, which may appeal to those looking to maximize their available capital. However, it’s worth noting that customer support is available only five days a week, which may be inconvenient for active traders.
-
Comment
Before opening an account with NordFX and transferring my money here, I studied reviews of this broker and I found many positive reviews. Moreover, the broker offers normal trading and that is why I work with this company.
-
Comment
A major issue with NordFX is the price charts. During strong market movements, the platform may not work for several hours. I miss the most crucial moment for earning. At night, the GBPUSD pair stays motionless for two hours. Then, movement suddenly starts with a price gap. Opening an order at the desired price with NordFX is very problematic. Therefore, personally, I do not recommend dealing with this company!
-
Comment
At NordFX, there are frequent issues with the trading terminal. Firstly, there are freezes during the release of important news. In such cases, an order may open after a significant price gap, resulting in substantial losses for me. Secondly, I can't understand why the NordFX terminal stops working at different times. This can happen at the most inconvenient moments, and, of course, I incur losses. The support team does not address terminal issues; they simply suggest changing my internet provider.
Top 5 Reviews on XM
-
Comment
Account setup was quick and simple. I choose their MT4 trading app and can say it works pretty well. The execution speed is solid, and the spreads on the standard account are within the standards. Overall it’s been a solid experience and must say that the service here is great…
-
Comment
I discovered XM Group because of their trade copying program through MQL5. It’s very convenient for beginners: the service is integrated into MetaTrader, allowing automatic copying of top traders’ deals. I’m subscribed to one ranked trader myself — the results have been positive for three consecutive months, with an average monthly return of 8–12% at moderate risk. I paid a fixed commission for copying, and after a month, I can opt out — very convenient.
-
Comment
It’s a cool broker and it works really well especially because the support are helpful, professional and available 24/7.
-
Comment
I discovered XM Group through the Traders Union rankings — the company ranked among the top brokers. I was impressed by the range of instruments: over 1,000 tradable assets, including 55+ currency pairs, stocks, indices, commodities, and even palladium and platinum. Spreads are very tight, with no markup on most pairs. I especially appreciated the execution speed: 99.35% of orders are filled in less than a second, and I can confirm that personally — I haven’t experienced any delays or requotes. Over the past four months, I’ve made around $700 trading currencies and commodities.
-
Comment
I've been trading with XM Group for just over a year. I chose this broker based on reviews and the fact that it holds multiple licenses — ASIC, CySEC, FSC, and DFSA. I really liked the low minimum deposit of just $5, which meant I didn’t have to risk a large amount. I started with a micro account where 1 lot equals 1,000 units — perfect for beginners. I’m satisfied with the spreads: on EUR/USD they start from 0.8 pips, and there are no fees for deposits or withdrawals, which is quite rare. Over the year, I’ve withdrawn about $900 in profit — the funds arrived quickly, with a maximum wait of 2 days.
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.