After scoring forex brokers on nearly 100 different features, XM takes the upper hand with 3.50 stars over Global Primes 3.00 stars.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

To find the top fx brokers, the team here at collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Global Prime 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 Global Primes 3.00 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. Global Prime and XM both are regulated in a major hub. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. XM boasts an offering of 57 different currency pairs compared to Global Primes 40 available pairs.

To round out our comparison of Global Prime vs XM, lets look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Both Global Prime 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. Global Prime and XM offer the same number of charting tools, 31. Both Global Prime and XM provide clients with access to 51 total indicators (eg, moving averages).

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The m staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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