XM vs Decode FX: Comparison

Forex Broker Comparison

Detailed side-by-side analysis

XM
XM
VS
Decode FX
Decode FX
General Information Trading Conditions Account Types Platforms & Tools Payments Support

Quick Summary

Best for Beginners

Decode FX

$0.00

Tightest Spreads

Decode FX

From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips pips

Highest Leverage

Decode FX

1:Up to 1:500

Best Rated

XM

4.50
/5

Mobile Trading

Both

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General Information

XM

Regulation

ASIC (Australia), CySEC (Cyprus), DFSA (Dubai, UAE)

Founded

N/A

Headquarters

Cyprus

Overall Rating

4.50/5

Decode FX

Regulation

ASIC (Australia), VFSC (Vanuatu)

Founded

N/A

Headquarters

Australia

Overall Rating

4.40/5

Trading Conditions

Feature XM Decode FX
Minimum Deposit $5.00 $0.00
Average Spreads From 0.6 pips (Ultra Low/Zero accounts); average 1 pip on Standard From 0.0 pips (Pro/ECN accounts) to 1.5 pips (Standard); average EUR/USD ~0.8 pips
Maximum Leverage Up to 1:1000 Up to 1:500
Commission None None

Account Types

XM

Standard Accounts Islamic Account Raw Account Micro Accounts

Decode FX

beginner-friendly ecn-raw

Platforms & Tools

XM

MetaTrader 4, MetaTrader 5

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

Decode FX

MetaTrader 4, MetaTrader 5

Mobile Trading

Available

Web Trading

Available

VPS Hosting

Available

Social Trading

Available

Payments

XM

Deposit Methods

Credit/Debit Cards (Visa/MasterCard), Bank Wire Transfer, Skrill, Neteller, Google Pay, Local Methods (e.g., UnionPay in Asia)

Withdrawal Methods

Same as deposits: Credit/Debit Cards, Bank Wire, Skrill, Neteller (processed same-day for verified accounts)

Withdrawal Fee

None

Decode FX

Deposit Methods

Credit/Debit Cards (Visa/Mastercard), Bank Wire, Skrill, Neteller, Alipay, Poli, DragonPay, USDT (crypto)

Withdrawal Methods

Same as deposits: Bank Wire (fee-free), Cards/Skrill/Neteller (fees apply), USDT

Withdrawal Fee

None

Support

XM

Support Languages

30+ (English, Arabic, Chinese, French, German, Spanish, Japanese, Russian, etc.)

Support Channels

24/5 customer support through live chat, email, and phone, with assistance available in multiple languages.

Account Manager

Not Available

Decode FX

Support Languages

English, Chinese, Spanish, Arabic, Indonesian (multi-language support via MT4/MT5)

Support Channels

24/5 live chat, email, phone; Responsive weekdays but mixed reviews on speed

Account Manager

Available

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