XM Group vs FlowBank Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs FlowBank.
Does XM Group or FlowBank offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XM Group offers better pricing overall for traders.
Is XM Group or FlowBank safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. XM Group holds 4 global Tier-1 licenses, while FlowBank holds 1. XM Group holds 1 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, XM Group (88) earned a higher Trust Score than FlowBank (80).
Which trading platform is better: XM Group or FlowBank?
To compare the trading platforms of both XM Group and FlowBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found FlowBank to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and FlowBank offer MetaTrader 4 (MT4).XM Group and FlowBank both offer copy trading.
How many forex pairs and CFDs are available to trade?
XM Group provides traders 55 currency pairs (e.g., EUR/USD) compared to FlowBank's 52 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while XM Group has 1429 available CFDs, a difference of 407171.
Can I trust XM Group?
XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), European Union Authorized (MiFID), and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).
Can I trust FlowBank?
FlowBank operates a regulated Swiss bank, and is authorised by one Tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).
Is XM Group good?
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
Is FlowBank good?
As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.
Overall winner: XM Group
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.