XM vs Freedom24
XM scores higher overall (4.6 vs 4.3), but the better choice depends on where you live and how you trade. 31 countries can open an account with both.
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Side by side
| XM | Freedom24 | |
|---|---|---|
| Overall score | 4.6 / 5 | 4.3 / 5 |
| Founded | 2009 | 2008 |
| Listing | Private (Trading Point group) | Parent Freedom Holding Corp. on Nasdaq (FRHC) |
| CFDs | Yes | No |
| Minimum deposit | $5 | €0 |
| Platforms | MetaTrader 4, MetaTrader 5, XM app | Freedom24 web platform, Freedom24 mobile app |
| Main regulators | CySEC, DFSA (Dubai), FSC (Belize) | CySEC (licence 275/15) |
| Countries accepted | 187 of 197 | 31 of 197 |
| Best for | MetaTrader users with small starting balances | European investors who want real shares, options and IPOs instead of CFDs |
Category by category
| Category | XM | Freedom24 |
|---|---|---|
| Regulation & safety | 4.5 | 4.5 |
| Trading costs | 4.6 | 4.1 |
| Platforms & tools | 4.7 | 4.2 |
| Range of markets | 4.6 | 4.6 |
| Ease of use | 4.9 | 4.3 |
Availability
Both brokers accept residents of 31 countries. Only XM is available in 156, and only Freedom24 in 0. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose XM if you are looking for metaTrader users with small starting balances. Choose Freedom24 if you are looking for european investors who want real shares, options and IPOs instead of CFDs.
Note that Freedom24 does not offer CFDs, so this is a comparison between leveraged trading and investing in real assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.