After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare FOREX.com (GAIN Capital) vs XM.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FOREX.com (GAIN Capital)'s score is 4.50 stars versus XM's 4.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FOREX.com (GAIN Capital) and XM both are regulated in a major hub. FOREX.com (GAIN Capital) is a publicly traded company, while XM is not. As far as how many currency pairs are available for trading, here's the answer. XM trails FOREX.com (GAIN Capital) by 27 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 and XM offering 57.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both FOREX.com (GAIN Capital) and XM offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. XM boasts an offering of 31 charting tools compared to FOREX.com (GAIN Capital)'s 22 available charting tools. FOREX.com (GAIN Capital) offers its clients access to 139 different indicators (for example, volume) while XM has 51 available indicators, a difference of 88.
Overall, FOREX.com (GAIN Capital) comes out on top with 4.50 stars over XM's 3.50 stars. And, when it comes to individual category awards, FOREX.com (GAIN Capital) was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education in 2018, while XM was rated none of these.