XM vs Tiger Brokers

XM vs Tiger Brokers Comparison Table 2023
XM	Tiger Brokers
Review 4.4	Review 3.5 Tiger Brokers is #38 in our broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.	Founded in 2014, Tiger Brokers is a stocks and securities broker based in China, offering 350+ products on a proprietary trading terminal. The broker is regulated by the Monetary Authority of Singapore (MAS) among others, and is listed on NASDAQ. As of 2021, the broker has 2 million account holders with an annual trading volume of $404.3+ billion.
Bonus Offer
$30 No Deposit Bonus When You Register A Real Account
Promotions
Improve The Speed & Reliability Of Your Trades With The XM VPS
Comment by Reviewer
"XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading."	"Based on my experience, Tiger Brokers is an excellent choice for dedicated stock traders looking to trade US, Asian and Australian shares, as well as options, futures, warrants and interest rates. It’s also great for anyone looking for explore an innovative proprietary trading platform."
Pros
Beginner-friendly educational materials including podcasts and expert-led webinars in 16 languages Premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and fast account opening Powerful MT4 and MT5 platforms available via desktop and mobile apps Reliable 24/7 customer support with fast response times during testing Hugely respected broker authorized by tier-one regulators Transparent and low fees with spreads from 0.0 pips 1000+ instruments including 50+ forex pairs No re-quotes and no rejections policy	I’m satisfied with the brokers strong industry reputation, with multiple awards, custodian backing (including from Interactive Brokers and DBS bank), and its appointed listing on the NASDAQ I think Tiger Brokers competes well with similar brands when it comes to market coverage, with an excellent range of stocks and funds from US and Pacific exchanges I appreciate that there’s no minimum deposit to get started on the powerful trading terminal, which is accessible via a stable desktop app or mobile device I also appreciate that the broker supports fee-free deposits via bank wire and Wise, in a range of currencies including HKD, USD, AUD and EUR I feel relatively safe registering with this broker since it holds reputable licenses with multiple bodies including the SEC, FINRA and MAS There’s a free demo account available for those who want to browse the platform’s features before committing real funds I found several customer service options, including a live chat, telephone number, WhatsApp and email
Cons
Weak regulatory oversight through the global entity Traders from the US not accepted $5 inactivity fee after 3 months VPS costs $28 per month PayPal not supported	I think some traders may feel restricted by the single proprietary platform offering, with no access to popular third-party stock trading terminals like MetaTrader 4 Compared to traditional brokers, there’s limited account funding methods which may be a drawback for traders used to depositing via e-wallets Compared to some other brokers, I think the range of educational resources and market analysis tools is lacking a little I’m a little disappointed that there’s no EMEA market access which would serve a wider cohort of investors
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Global Forex Broker of the Year 2020 - Global Forex Awards
Instruments
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	Stocks, Options, Futures, Stock Options, ETFs, Warrants, Interest Rates
Demo Account
Yes	Yes
Minimum Deposit
$5	$0
Trading Platforms
MT4 MT5	Tiger Trade TradingView
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Neteller Perfect Money Skrill TransferWise Visa Wire Transfer	TransferWise Wire Transfer
Minimum Trade
0.01 Lots	1 Lot
Regulator
ASIC, CySEC, DFSA, FSC, FSCA	MAS, SEC & FINRA, ASIC, SIPC, NFA, DTC, NSCC, HKMA
Margin Trading
Yes	Yes
Margin Rate
0.2%	3.0%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS, Android & Windows	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
XM global offers a user-friendly copy trading service. Aspiring investors can copy the trades of strategy managers. Investors can find strategy managers by viewing performance metrics and can decide how much they want to invest. Strategy managers can earn 50% of profits.
Social Trading
Yes	No
Trade Signals
Yes	No
VPS Hosting
Yes	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$5
Islamic Account
Yes	No
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR AUD
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange Hong Kong Stock Exchange Nasdaq New York Stock Exchange Shenzhen Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gold Natural Gas Oil Silver Soybeans Sugar Wheat
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular markets, including currencies, equities and commodities. Traders get very low fees and high-quality market insights to support CFD trading.	CFD trading not offered
Leverage
1:1000	1:4
FTSE Spread
1.5 pts (var)	N/A
GBPUSD Spread
1.9 (var)	N/A
Oil Spread
0.03 (var)	N/A
Stocks Spread
0.002 (var)	Variable
Forex Trading
XM offers ultra low spreads across a wide range of forex assets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.	Forex trading not offered
Forex App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.
GBPUSD Spread
1.9
EURUSD Spread
1.6
EURGBP Spread
1.8
Assets
55+
Currency Indices
USD
Cryptocurrency
XM offers crypto trading through CFDs. This means investors can go long or short with leverage. XM offers an excellent range of cryptocurrencies, including major tokens like Bitcoin, Ethereum and Ripple.	Crypto trading not offered
Spread
Variable
Coins
BTC ETH LTC XRP BCH ADA XLM EOS NEO TRX DASH MIOTA XMR ZEC ETC BTG OMG QTUM BTT NANO AAVE ALG
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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