XM has become one of the top Forex companies in the world and has many users all over the world. For that reason, it has become a very highly rated Forex company, and IS6FX also has many registered users, mainly Japanese users. Which one is better for actually using a Forex company?
XM company profile
XM actually has three companies. If you search online, you should find three hits: XM.com, XMtrading.com, and XMGlobal. The parent company of these three is the same “Trading Point Holdings Ltd”, but they use different domains (company) depending on the country they provide.
XM account type
XM has four types of accounts: “Standard account”, “Micro account”, “KIWAMI pole account” and “Zero account”.
User reviews, reputation
Japanese users are the main users of XM. We have collected reviews from Japanese users who have actually used the product, so please refer to it.
Distribution of XM registered users by country and region
I quoted from TradersUnion, a global trade review site. The country distribution of XM users is shown below. TradersUnion is a review site for forex companies and cryptocurrency exchanges. There are many reviews posted by users all over the world, so it is helpful, but it is better to keep it as a reference because there is fake information.
In the case of XM, there are a lot of Thai users. Overall, you can see that there are a lot of users in Southeast Asia, Southern Africa, and Central and South America. I have the impression that XM has succeeded in attracting customers because it will become one of the top Forex companies in the world.
Source : TradersUnion
On the other hand, in the case of XM Trading, Japanese users account for nearly 99%. In addition, it is clear that Thais, Koreans, and Americans are using this XM.
Source : TradersUnion
What is IS6FX?
IS6FX is a FX company that adopts the DD method for all account types. All account types are free of transaction fees and offer promotions such as up to 100% deposit bonus. Most of the companies here are Japanese traders, and they are developing services for Japanese people.
XM VS IS6FX
|Tradexfin Limited||IS6 Technologies Ltd|
|Seychelles||St. Vincent and the Grenadines|
|Forex currency pair|
|0 point||20 point|
|Deposit and withdrawal method|
XM has account opening bonuses, deposit bonuses and even loyalty programs. IS6FX has an account opening bonus and a 100% deposit bonus, so no matter which one you choose, you can receive a lot of bonuses.
With IS6FX, the maximum leverage is 6000 times, making it possible to trade with considerable high leverage. On the other hand, XM limits the maximum leverage to 1000 times, so you can see the difference.
You can see that the operating period is clearly longer for XM. XM has been operating for more than 10 years, and you can see that it has been able to perform fairly stable management among Forex companies.
average spread comparison
I compared the average spreads of XM and IS6FX with a standard account. XM has very narrow spreads on the zero account, but the spreads on the standard account are very wide. However, IS6FX, which has a wider spread than XM, is very difficult to use.
XM has acquired a financial license, so it is safe, but IS6FX has not been acquired. I think that it is better to choose XM because it will be a considerable anxiety material.
You can see that XM has more stocks in general. IS6FX is also greatly inferior to XM in the number of currencies. You can see that the handling of virtual currency is by far the only one.
Open a free account
XM Trading allows you to open an account for free. Therefore, there is no risk, so you can easily open an account. The following article introduces how to open an account, so please refer to it.