XM Vs NordFX

Compare XM Vs NordFX Side by Side

So you are looking for a broker, XM or NordFX who should you choose?

When trading on financial markets you will want to know all about who XM or NordFX are, and how they compare. You will naturally want to know how long XM and NordFX have been in business and what reputation XM and NordFX have. On top of this, you will need to discover if XM and NordFX match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how XM and NordFX compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of XM and NordFX side by side.

You are eager to start trading so let us help you make a more informed descision.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on XM and NordFX. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the XM platform or NordFX, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.

XM

★★★★☆ (4/5)

Benefits of XM?

• Established in 2009
• XM have been in business for 14 years.
• Head quarters in Cyprus.
• Live Chat
• Segregates clients funds
• XM Min deposit $5

XM sign up here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Reputation	Support
Good	Good

XM Regulation

XM is regulated by the Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

Excluded Countries

US, CA, IL, KR, IR, MM, CU, SD, SY

XM Fees

Deposit fee		No
Commission		No
Inactivity fee		Yes
Withdrawal fee		No
Min trade		0.01 Lot
Max trade		50 Lot
Min deposit		$5

View all spreads
& fees here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
Varies
Withdrawal processing time
2 business days

See all XM
funding options here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM Features

	Apple application available
	Android application available
	Windows application available
	Can Set Price alerts
	Variable spreads (Forex)
	Scalping trading
	Hedge trading
	Stop loss orders
	Limit orders
	One click trading available
	Trailing stops available
	Expert advisors (Metatrader)
	Virtual private server (VPS)
	Direct market access (DMA)
	ECN broker (Forex ECNs)
	STP broker (STP)
	Market maker
	Trading Signals

XM Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

XM Languages

Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish

See XM
features here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies

See XM
instruments here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the XM website. Our records were last updated on March 26, 2023.

Visit XM today

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

NordFX

★★★★☆ (4/5)

Benefits of NordFX?

• Established in 2008
• NordFX have been in business for 15 years.
• Head quarters in Mauritius.
• Live Chat
• Segregates clients funds
• NordFX Min deposit $1

NordFX sign up here

Losses can exceed deposits

Reputation	Support
Good	Good

NordFX Regulation

NordFX is regulated by the Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008.

Excluded Countries

US, CA, EU, RU, SY, KP, CU

NordFX Fees

Deposit fee		No
Commission		Yes
Inactivity fee		No
Withdrawal fee		No
Min trade		0.01 Lot
Max trade		None
Min deposit		$1

View all spreads
& fees here

Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
Varies
Withdrawal processing time
Varies

See all NordFX
funding options here

Losses can exceed deposits

NordFX Features

	Apple application available
	Android application available
	Windows application available
	Can Set Price alerts
	Variable spreads (Forex)
	Scalping trading
	Hedge trading
	Stop loss orders
	Limit orders
	One click trading available
	Trailing stops available
	Expert advisors (Metatrader)
	Virtual private server (VPS)
	Direct market access (DMA)
	ECN broker (Forex ECNs)
	STP broker (STP)
	Market maker
	Trading Signals

NordFX Platforms

MT4, MT5, Tablet & Mobile apps

NordFX Languages

Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian

See NordFX
features here

Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies

See NordFX
instruments here

Losses can exceed deposits

NordFX Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the NordFX website. Our records were last updated on March 26, 2023.

Visit NordFX today

Losses can exceed deposits

popular

IC Markets

★★★★☆ (4/5)

Benefits of IC Markets?

• Established in 2007
• IC Markets have been in business for 16 years.
• Head quarters in Australia.
• Live Chat
• Segregates clients funds
• IC Markets Min deposit $200

IC Markets sign up here

Losses can exceed deposits

Reputation	Support
Good	Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee		Varies
Commission		Yes
Inactivity fee		No
Withdrawal fee		No
Min trade		0.01 Lot
Max trade		None
Min deposit		$200

View all spreads
& fees here

Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin
Payment processing time
Varies
Withdrawal processing time
Varies

See all IC Markets
funding options here

Losses can exceed deposits

IC Markets Features

	Apple application available
	Android application available
	Windows application available
	Can Set Price alerts
	Variable spreads (Forex)
	Scalping trading
	Hedge trading
	Stop loss orders
	Limit orders
	One click trading available
	Trailing stops available
	Expert advisors (Metatrader)
	Virtual private server (VPS)
	Direct market access (DMA)
	ECN broker (Forex ECNs)
	STP broker (STP)
	Market maker
	Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here

Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies

See IC Markets
instruments here

Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on March 26, 2023.

Visit IC Markets today

Losses can exceed deposits

XM and NordFX in Detail

The XM online trading platform gives traders from all over the world access to over 1,000 financial instruments including over 50 available instruments. There are over 3,500,000+ registered customers that have taken advantage of the XM platform.

XM are regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

NordFX is a renowned Mauritius financial trading brokerage established in 2008.

NordFX serves customers globally and are regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008. Depending on the country you are trading from XM may serve you from a different business entity to comply with its financial regulators.

NordFX 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. XM is not listed as a PLC.

Benefits of XM and NordFX Compared

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

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

Why small deposits before trading are good and how XM and NordFX compare

The first obvious reason is that you should only deposit what you can afford with XM or NordFX. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. XM has a min deposit of 5, while NordFX has a min deposit of 1. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit offered by either XM or NordFX totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

XM allows traders to trade up to 1,000 financial instruments while NordFX have around 50 on their trading platform.

The more instruments available on XM and NordFX 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 XM or NordFX.

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

XM allows retail traders to trade the following assets 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.

Alternatively NordFX allows retail traders to trade Forex on the NordFX MT4, MT5, Tablet & Mobile apps trading platforms.

Compare XM and NordFX in more detail below.

Drawbacks of XM and NordFX Compared

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

There are many potential drawbacks with some brokers. The first one is the potential limitations XM and NordFX have. Generally speaking, the more things, you can invest in the better. The second thing is the trading fees and commissions you are paying with XM vs NordFX. The higher the trading fees you pay will have more of an impact on any potential profits. Other important factors are the trading research tools, educational resources and the general usability of XM vs NordFX.

Broker	XM	NordFX	IC Markets
Inactivity Fees	Yes	No	No
Withdrawl Fees	No	No	No
Withdrawal Processing Time	2 business days	Varies	Varies
Min Deposit	5	1	200
Social Trading	No	No	Yes
Excluded Countries	US, CA, IL, KR, IR, MM, CU, SD, SY	US, CA, EU, RU, SY, KP, CU	US, IR, CA, NZ, JP

XM Vs NordFX Available Financial Markets

Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an aeroplane stock goes up, other aeroplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.

When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more tradeable assets, commodities and assets available to you on the XM and NordFX platforms will help you build a more diverse investment portfolio.

Broker	XM	NordFX	IC Markets
Instruments Available	1000	50	2250
Offers share dealing	No	No	Yes
Number of Shares	160	0	2,100
Offers US Stocks	Yes	No	Yes
Offers UK Stocks	Yes	No	Yes
Offers German Stocks	Yes	No	Yes
Offers Japanese Stocks	Yes	No	Yes
Offers Indices Trading	Yes	No	Yes
Number of Commodities	15	0	20
Offers Metals Commodities	Yes	Yes	Yes
Offers Energy Commodities	Yes	No	Yes
Offers Agricultural Commodities	No	No	Yes
Offers Forex Trading	Yes	Yes	Yes
Number of Forex Pairs	55		61
Offers Major Forex Pairs	Yes	Yes	Yes
Offers Minor Forex Pairs	Yes		Yes
Offers Exotic Forex Pairs	Yes		Yes
Offers CFD Trading	Yes	Yes	Yes
Offers Social Trading	No	No	Yes

XM Vs NordFX Cryptocurrency Trading

Crypto currencies have been booming since the invention of Bitcoin and with good reason. Cryptocurrencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.

Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets, if Bitcoin rises, then altcoins follow suit.

Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with XM, NordFX and all brokers is subject to regulation.

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

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

XM Vs NordFX Commission and Fees

knowing your trading and commission fees with XM vs NordFX is extremely important. For the majority of the XM 1,000 financial instruments and NordFX 50 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 both XM and NordFX. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset overnight or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with XM and NordFX before you invest because it is crucial that you know exactly what you are paying.

You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally $5 to $10.

Your location or residence will have an impact on your potential XM and NordFX fees of course. Make sure you do your research and check the commission and fees with both XM and NordFX 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 XM or NordFX be aware of or 3rd party payment provider fees and currency conversion fees.

XM does charge inactivity fees, while NordFX does not charge inactivity fees.

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.

When you deposit money to a broker like XM or NordFX you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay 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 considering before you sign up.

Let’s see how XM vs NordFX compare side by side for commissions and fees.

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

XM Vs NordFX Trading Platforms

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

Some brokers offer there own 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 will need to test this out yourself with an XM or NordFX demo account.

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

XM Vs NordFX Mobile Trading

Being able to trade on your mobile 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. This way you will be able to take advantage of all the opportunities that present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.

If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.

Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.

If you use Microsoft Windows tablets or phones you will also need to check if the XM and NordFX have trading apps that are compatible.

Broker	XM	NordFX	IC Markets
Web Platform	Yes	Yes	Yes
IOS Trading App	Yes	Yes	Yes
Android Trading App	Yes	Yes	Yes
Microsoft Trading App	Yes	No	Yes

XM Vs NordFX Trading Account Types Offered

XM Vs NordFX Demo Account

A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading, we recommend signing up with an XM and NordFX demo account fully.

XM Vs NordFX Micro Account

A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.

Both XM and NordFX do offer Micro accounts.

XM Vs NordFX Standard Account

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

Both XM and NordFX do offer clients Standard accounts.

XM Vs NordFX MAM Account

What is a MAM account? MAM stands for a Multi-Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.

XM does not offer clients MAM accounts, while NordFX does offer clients MAM accounts.

XM Vs NordFX ECN Account

An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.

XM does not offer clients ECN accounts, while NordFX does offer clients ECN accounts.

XM Vs NordFX Islamic Account

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

Both XM and NordFX do offer clients Islamic accounts.

XM Vs NordFX 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.

XM does not offer clients STP accounts, while NordFX does offer clients STP accounts.

XM Vs NordFX Managed Account

A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts is usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.

XM and NordFX do not offer clients Managed accounts.

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

XM Vs NordFX Withdrawal and Funding Methods

XM and NordFX have multiple deposit and withdrawal options. Funding and withdrawing from your XM and NordFX account to your chosen payment method should be straightforward. Lets see how XM and NordFX compare with each other. Be aware that depending on the payment method you decide upon 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 XM or NordFX.

Broker	XM	NordFX	IC Markets
Payment Methods	Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,	Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,	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),

XM Vs NordFX Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of XM or NordFX support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the XM and NordFX support is always available when you need them. XM and NordFX customer support is not just useful. It is crucial to your trading success!

XM Vs NordFX Live Chat

Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.

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

XM Vs NordFX Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either XM or NordFX you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the XM or NordFX support team to give a satisfactory answer to. This is where email support with XM and NordFX will be needed.

Both XM and NordFX offer email support.

XM Vs NordFX Phone Support

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

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

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

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

XM Vs NordFX Regulation and Licensing

Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is held with a regulated brokerage. Checking to see if XM and NordFX 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 XM or NordFX have these in place please be extremely cautious before you proceed with them.

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

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

XM Vs NordFX Risk Management Features

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

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

XM Vs NordFX Hedging

What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place. Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk. This can be done for example by speculating on a stock to rise and speculating against it to rise by using different amount or different amounts of leverage.

Both XM and NordFX do offer clients hedging.

XM Vs NordFX Stop Loss

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

Both XM and NordFX do offer clients stop losses.

XM Vs NordFX Limit Orders

Every broker should give its users an opportunity to place a limit order. This is when you have an order in place to buy a financial instrument at a specific price. When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a 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 help limit orders can be in your trading career.

Both XM and NordFX do offer clients limit orders.

XM Vs NordFX Negative Balance Protection

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

The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account. This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.

Both XM and NordFX do offer clients negative balance protection.

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

XM Vs NordFX Verdict

We hope this XM Vs NordFX guide has helped you decide who is best to trade without of XM and NordFX.

Firstly when you are looking to trade it is essential that you can guarantee that your money is held in a segregated bank account with XM or NordFX. Therefore, please bear this in mind when you sign up with XM or NordFX.

Also, before you sign up with online brokers like XM or NordFX, 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. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.

Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all XM and NordFX educational resources and financial research tools. If you are new to trading sign up for a demo account with XM and NordFX 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 will look to open positions and close them on the same day. This 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 XM and NordFX fees match your trading requirements.

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

XM and NordFX Alternatives

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

Other XM and NordFX Vs Comparisons

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

XM Vs Alternatives

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

• XM vs IC Markets
• XM vs Roboforex
• XM vs eToro
• XM vs Pepperstone
• XM vs NordFX
• XM vs XTB
• XM vs AvaTrade
• XM vs FP Markets
• XM vs Trading 212
• XM vs easyMarkets

NordFX Vs Alternatives

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

• NordFX vs IC Markets
• NordFX vs Roboforex
• NordFX vs eToro
• NordFX vs XM
• NordFX vs Pepperstone
• NordFX vs XTB
• NordFX vs AvaTrade
• NordFX vs FP Markets
• NordFX vs Trading 212
• NordFX vs easyMarkets

XM Vs NordFX Frequently Asked Questions

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

Is XM any Good?

Knowing that a broker is legit is the first thing you should check before signing up to a broker. Is XM legit? – 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

Is NordFX any Good?

NordFX are regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 and have been in business since 2008.

Which is better XM or NordFX?

Both XM and NordFX have an excellent reputation and to make a decision regarding which one is better is not an easy one. Take the time to examine the trading features that XM and NordFX offer. See which broker best suits your investment strategy.

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.

Is NordFX a con?

NordFX is regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 and have been in business since 2008. NordFX is most definitely not a con as they are regulated by major financial regulators.

What happens if XM or NordFX go bust?

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

Are XM or NordFX good for beginners?

XM and NordFX offer low deposits and access to a selection of market insights and news resources. Both XM and NordFX offer demo accounts. This is a big plus for XM and NordFX as it shows on they have an interest in their customers.