ellevest Vs XM

ellevest and XM in Detail

The ellevest online trading platform gives traders from all over the world access to over 275 financial instruments including over 1,000 available instruments. There are over 10,000+ registered customers that have taken advantage of the ellevest platform.

ellevest are regulated by Unregulated.

XM is a renowned Cyprus financial trading brokerage established in 2009.

XM serves customers globally and are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Depending on the country you are trading from ellevest may serve you from a different business entity to comply with its financial regulators.

XM is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. ellevest is listed as a publically traded company so are a reputable broker.

XM is a popular well known financial trading platform serving over 10,000,000 customers.

Benefits of ellevest and XM Compared

Below, we will give you a summary of the benefits ellevest and XM offer side by side.

ellevest offers a minimum deposit of 1 while XM have a 5 minimum deposit.

Why smaller trading deposits are good and how ellevest and XM compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either ellevest or XM. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. ellevest requires a minimum deposit of 1, whereas XM mandates a minimum deposit of 5. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's ellevest or XM, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

ellevest allows traders to trade up to 275 financial instruments while XM have around 1,000 on their trading platform.

The more instruments available on ellevest and XM trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of ellevest or XM.

The ellevest trading platform has 0 stocks listed while XM has 160 stocks listed.

ellevest allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the ellevest  Windows, Android, Mac OS, iOS trading platforms.

Alternatively XM allows retail traders to trade Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs on the XM MT4, MT5, Mac, Web Trader, Tablet & Mobile apps trading platforms.

Compare ellevest and XM in more detail below.

Drawbacks of ellevest and XM Compared

Below we compare what drawbacks ellevest and XM have side by side.

Various potential downsides can be associated with certain brokers, including ellevest and XM. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by ellevest compared to XM. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of ellevest versus XM.

Broker	ellevest	XM	IC Markets
Inactivity Fees		Yes	No
Withdrawl Fees	varies	No	No
Withdrawal Processing Time	Varies	2 business days	Varies
Min Deposit	1	5	200
Social Trading	Yes	No	Yes
Excluded Countries		US, CA, IL, IR	US, IR, CA, NZ, JP

ellevest Vs XM Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with ellevest or XM. A diversified portfolio with ellevest or XM can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like ellevest or XM, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as ellevest and XM.

Broker	ellevest	XM	IC Markets
Instruments Available	275	1000	2250
Offers share dealing	Yes	No	Yes
Number of Shares	0	160	2,100
Offers US Stocks	No	Yes	Yes
Offers UK Stocks	No	Yes	Yes
Offers German Stocks	No	Yes	Yes
Offers Japanese Stocks	No	Yes	Yes
Offers Indices Trading	No	Yes	Yes
Number of Commodities	0	15	20
Offers Metals Commodities	No	Yes	Yes
Offers Energy Commodities	No	Yes	Yes
Offers Agricultural Commodities	No	No	Yes
Offers Forex Trading	No	Yes	Yes
Number of Forex Pairs		55	61
Offers Major Forex Pairs	No	Yes	Yes
Offers Minor Forex Pairs	No	Yes	Yes
Offers Exotic Forex Pairs	No	Yes	Yes
Offers CFD Trading	Yes	Yes	Yes
Offers Social Trading	Yes	No	Yes

ellevest Vs XM Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both ellevest and XM, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both ellevest and XM offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with ellevest or XM is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with ellevest or XM could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on ellevest, XM, and all brokers are subject to regulation.

We compare ellevest vs XM Crypto options below side by side.

Broker	ellevest	XM	IC Markets
Allows Cryptocurrency Trading (availability subject to regulation)	No	No	Yes
Cryptocurrencies Offered			BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

ellevest Vs XM Commission and Fees

knowing your trading and commission fees with ellevest vs XM is extremely important. For the majority of the ellevest 275 financial instruments and XM 1,000 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with ellevest and XM. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with ellevest and XM before you invest because you must know what you are paying.

You ideally want to choose a broker like ellevest or XM that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with ellevest or XM. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential ellevest and XM fees, of course. Make sure you do your research and check the commission and fees with both ellevest and XM before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with ellevest or XM be aware of or 3rd party payment provider fees and currency conversion fees.

Both ellevest and XM do charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant ellevest and XM accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your ellevest or XM account, or choose to close it.

Usually, the associated fees for dormant ellevest or XM accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live ellevest or XM trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like ellevest or XM you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay ellevest or XM nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how ellevest vs XM compare side by side for commissions and fees.

Broker	ellevest	XM	IC Markets
Min Deposit	1	5	200
Inactivity Fees		Yes	No
Withdrawal Fees	varies	No	No
Deposit Fees		No	Varies

ellevest Vs XM Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the ellevest and XM platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an ellevest or XM demo account.

Broker	ellevest	XM	IC Markets
Offers MT4	No	Yes	Yes
Offers MT5	No	Yes	Yes
Offers cTrader	No	No	Yes

ellevest Vs XM Mobile Trading

Trading on your mobile with ellevest and XM can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and ellevest and XM mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with ellevest or XM. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with ellevest or XM can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with ellevest or XM is essential. Likewise, if you have an android phone, it's crucial to verify if ellevest or XM broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if ellevest and XM have trading apps compatible with your device.

Broker	ellevest	XM	IC Markets
Web Platform	Yes	Yes	Yes
IOS Trading App		Yes	Yes
Android Trading App		Yes	Yes
Microsoft Trading App		Yes	Yes

ellevest Vs XM Trading Account Types Offered

ellevest Vs XM Demo Account

A demo account with ellevest or XM is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an ellevest and XM demo account.

ellevest Vs XM Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if ellevest or XM offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

ellevest does not offer clients Micro accounts, while XM does offer clients Micro accounts.

ellevest Vs XM Standard Account

A standard account is available on ellevest and XM to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

ellevest does not offer clients Standard accounts, while XM does offer clients Standard accounts.

ellevest Vs XM MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with ellevest or XM or alternative.

ellevest and XM do not offer clients MAM accounts.

ellevest Vs XM ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with ellevest or XM or alternative.

ellevest and XM do not offer clients ECN accounts.

ellevest Vs XM Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with ellevest or XM or alternative.

Both ellevest and XM do offer clients Islamic accounts.

ellevest Vs XM STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with ellevest or XM or alternative.

ellevest and XM do not offer clients STP accounts.

ellevest Vs XM Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

ellevest and XM do not offer clients Managed accounts.

Broker	ellevest	XM	IC Markets
Offers Demo Accounts		Yes	Yes
Offers Micro Accounts	No	Yes	No
Offers Standard Accounts	No	Yes	Yes
Offers MAM Accounts	No	No	Yes
Offers ECN Accounts	No	No	No
Offers Islamic Accounts	Yes	Yes	Yes
Offers STP Accounts	No	No	No
Offers Managed Accounts	No	No	No

ellevest Vs XM Withdrawal and Funding Methods

ellevest and XM have multiple deposit and withdrawal options. Funding and withdrawing from your ellevest and XM accounts to your chosen payment method should be straightforward. Lets see how ellevest and XM compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from ellevest or XM.

Broker	ellevest	XM	IC Markets
Payment Methods	Bank Transfer,	Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,	Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

ellevest Vs XM Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of ellevest or XM support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the ellevest and XM support is always available when needed. ellevest and XM customer support is not just useful. broker customer support is crucial to your trading success!

ellevest Vs XM Live Chat

Live chat is important for several reasons. When you encounter a problem with ellevest or XM trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

ellevest do not offer livechat support. On the other hand XM do offer livechat support.

ellevest Vs XM Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either ellevest or XM you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the ellevest or XM support team to answer satisfactorily. Email support with ellevest and XM will be needed.

Both ellevest and XM offer email support.

ellevest Vs XM Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either ellevest or XM. We can get straight to the point, saving us time and frustration.

ellevest do not offer phone support. On the other hand XM do offer phone support.

Lets see how ellevest and XM customer support compare side by side.

Broker	ellevest	XM	IC Markets
Offers Live Chat		Yes	Yes
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian	Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email		[email protected]	[email protected]
Phone		357 25029933	No

ellevest Vs XM Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether ellevest and XM are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that ellevest or XM have these in place, please be extremely cautious before you proceed with them.

We compare ellevest Vs XM financial regulation and licensing side by side below.

Broker	ellevest	XM	IC Markets
FCA Regulation	No	No	No
CySEC Regulation	No	Yes	Yes
MiFID Regulation	No	No	No
ASIC Regulation	No	Yes	Yes
FSCA Regulation	No	No	No
DFSA Regulation	No	No	No
MAS Regulation	No	No	No

ellevest Vs XM Risk Management Features

When trading with either ellevest or XM you will want to understand and make full use of all the risk management features on your ellevest or XM trading platforms.

We compare side by side the trading risk management features offered by ellevest and XM below.

ellevest Vs XM Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

ellevest does not offer clients hedging, while XM does offer clients hedging.

ellevest Vs XM Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both ellevest and XM do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on ellevest or XM. You must still monitor any live trades and your financial exposure and financial risk.

ellevest Vs XM Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both ellevest and XM do offer clients limit orders.

ellevest Vs XM Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

Both ellevest and XM do offer clients negative balance protection.

Broker	ellevest	XM	IC Markets
Offers Hedging	No	Yes	Yes
Negative Balance Protection		Yes	Yes
Guaranteed Stop Loss		No	No
Offers Limit Orders		Yes	Yes
Offers Trailing Stops		Yes	Yes

ellevest Vs XM Verdict

We hope this ellevest Vs XM guide has helped you decide who is best to trade with out of ellevest and XM.

When choosing a broker like ellevest or XM for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with ellevest or XM are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as ellevest or XM, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with ellevest or XM.

Also, before you sign up with online brokers like ellevest or XM, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with ellevest or XM before investing money into something.

Beware of the risks that come with trading with ellevest or XM. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all ellevest and XM educational resources and financial research tools. If you are new to trading, sign up for a demo account with ellevest and XM to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using ellevest or XM will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if ellevest and XM fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with ellevest or XM if your investment strategy is more long-term.

ellevest and XM Alternatives

If ellevest and XM are not what you are not quite what you are looking for we list some of the best ellevest and XM alternatives below.

Other ellevest and XM Vs Comparisons

If you are still looking for an alternative to ellevest and XM and want to see how ellevest or XM compares Vs other brokers check out the ellevest Vs and XM Vs list below.

ellevest Vs Alternatives

Still not happy have a look at some of our alternative ellevest Vs side by side comparisons below

• ellevest vs IC Markets
• ellevest vs Roboforex
• ellevest vs eToro
• ellevest vs XTB
• ellevest vs XM
• ellevest vs Pepperstone
• ellevest vs AvaTrade
• ellevest vs FP Markets
• ellevest vs NordFX
• ellevest vs easyMarkets

XM Vs Alternatives

Still not happy have a look at some of our alternative ellevest Vs side by side comparisons below

• XM vs IC Markets
• XM vs Roboforex
• XM vs eToro
• XM vs XTB
• XM vs Pepperstone
• XM vs AvaTrade
• XM vs FP Markets
• XM vs NordFX
• XM vs easyMarkets
• XM vs SpreadEx

ellevest Vs XM Frequently Asked Questions

We answer some of the most frequently asked ellevest Vs XM questions below.

Is ellevest any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is ellevest legit? - ellevest are regulated by Unregulated and have been in business since 2008

Is XM any Good?

XM are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009.

Which is better ellevest or XM?

ellevest does not have a high rating, while XM does not have a high rating.

Is ellevest a con?

ellevest is regulated by Unregulated and have been in business since 2008. We recommend looking at a ellevest alternative that has more financial regulation.

Is XM a con?

XM is regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) and have been in business since 2009. XM is most definitely not a con as they are regulated by major financial regulators.

What happens if ellevest or XM go bust?

ellevest and XM are regulated, which means that as part of their regulatory obligations ellevest and XM have to offer a certain level of financial protection to their clients. ellevest and XM should by law keep client funds separate from ellevest and XM funds. If either ellevest or XM goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the ellevest and XM websites and regulators.

Are ellevest or XM good for beginners?

ellevest and XM offer low deposits and access to a selection of market insights and news resources. Both ellevest and XM offer demo accounts. Demo trading accounts are a big plus for ellevest and XM as it shows they are interested in their customers.