To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs XM.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. XM received a rating of 4.00 stars over Admiral Markets's 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both Admiral Markets and XM are regulated in a major hub. Neither Admiral Markets and XM are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Admiral Markets trails XM by 2 total currency pairs (for example, EUR/USD), with XM offering 57 and Admiral Markets offering 55.
To round out our comparison of Admiral Markets vs XM, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both Admiral Markets and XM offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Admiral Markets and XM provide clients with access to 31 total charting tools. Admiral Markets and XM offer the same number of indicators (eg, volume), 51.
Overall, Admiral Markets boasts 4.00 stars versus XM's 3.50 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while XM found itself with none of these.