Since starting in , XM Group has opened over , trading accounts, establishing itself as an industry leader with a focus on customer service it offers support in over 20 languages.
With its size and resources, its users have access to a wide range of expert advice to hep everybody in the trading world. With For more information about trading with XM, we have put together an indepth XM review with all the pros and cons about this broker. If you like to trade on the go, GKFX have iphone and android apps so you can trade from anywhere on your phone.
The spreads offered by GKFX for the most popular instruments are: 1. XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances. XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.
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XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey. If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option. For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker. However, if you want a broker with a large range of instruments available to trade, GKFX may be more suitable.
How long have they been around for? Do they hold your money in a separate bank account? Have they been fined or penalised in the last five years? Where are they located? As the Financial Conduct Authority are one of the most stringent regulators in the world, GKFX will have very strict guidelines to follow to ensure they protect their retail trader clients.
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Regulation and Security
Our third alternative broker, XTB, have been around for 19 years. Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes. Most tier-1 banks like Barclays and HSBC have been around for over years and manage trillions of dollars of assets, proving that they have stood the test of time. While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
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Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus. If you have a certain trading style e. XM Group does allow scalping and hedging. While GKFX also allows scalping and hedging.
XM Group also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy. Comparing the fee structures of different brokers can be a minefield at times.
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Therefore, XM Group is the more affordable for this instrument. Objectively, GKFX is more reliable based on our criteria above. GKFX has a wider range of instruments to trade. Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:. Based on 69 brokers who display this data. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
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