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XM Facts

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XM is the established brokerage firm in the industry that offers unbiased trading services and trading condition to traders globally. The broker started its operations in 2009. Below will dive deep into the fair XM review based on various factors and features.

The service provider offers 1000+ tradable assets across various financial markets, including forex trading, commodity trading, stock trading, futures trading, indices trading, etc. 

The broker offers three different account types know as Micro, Standard and XM Zero account. Micro and Standard account come with commission-free trading, and low spreads start from 1pip. You can open an account with a minimum deposit of only $5.

The traders get access to the most famous global trading platform MetaTrader4 and MetaTrader5. The platform come with advanced trading tools and services.

The service provider offers multiple payment methods for deposit and withdrawals. The educational and research section is quite impressive and extensive, beneficial for both novice and experienced traders.

The broker offers 24/7 customer support through live chat, telephone and email. The support team is dedicated and provide fast assistance.

The broker has won several awards and has an outstanding twelve year’s track record. Some of the awards as follows:

  • Best FX Service Provider–City of London Wealth Management Awards
  • Most Reliable Broker – Global—Capital Finance International Magazine (CFI.co)
  • Global Forex Broker of the Year—Global Forex Awards 2020

XM Review: Regulations and Safety?

XM is a registered broker operated by XM Global Limited with a registered address at No. 5 Cork Street, Belize City, Belize, CA. The brokerage firm is globally authorised and regulated by the International Financial Services Commission (IFSC) under license number 000261/158. 

Another group company Trading Point of Financial Instruments, is regulated and authorised by the Cyprus Securities and Exchange Commission (CySEC) under licence no 120/10.

XM is also regulated by the Australian Securities and Investments Commission(ASIC).

Some additional Safety Measures by Broker

  • Offering a negative balance protection policy.
  • Being members of the Investor Compensation Fund.
  • Holding client funds securely in segregated accounts with tier one banking institutions.
  • Banking with investment-grade bank Barclays.

Overall, XM is a reputed and trusted broker and has an exceptional track record of more than 12 years in the industry. More than 3.5 million active users trust the broker. You can start your fruitful trading journey with XM.

XM Review: Trading Account Types:

The broker offers four differnt account types known as Micro, Standard, Ultra-low and Shares account. All account types come with additional trading features.

Micro Account:

  • Base Currency: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Minimum Deposit: $5
  • Leverage: 1:888
  • Spreads: Starts from 1 pip
  • Commission: Zero
  • Contract Size: 1 Lot= 1000
  • Negative Balance Protection
  • Hedging Allowed
  • Islamic Account

Standard Account:

  • Base Currency: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Minimum Deposit: $5
  • Leverage: 1:888
  • Spreads: Starts from 1 pip
  • Commission: Zero
  • Contract Size: 1 Lot= 100,000
  • Negative Balance Protection
  • Hedging Allowed
  • Islamic Account

XM Ultra-Low Account:

  • Base Currency: EUR, USD, GBP, AUD, ZAR, SGD
  • Minimum Deposit: $50
  • Leverage: 1:888
  • Spreads: Starts from 0.6 pip
  • Commission: Zero
  • Contract Size: Standard Ultra:-1 Lot= 100,000/ Micro Ultra:- 1,000
  • Negative Balance Protection
  • Hedging Allowed
  • Islamic Account

Shares Account:

  • Base Currency: USD
  • Minimum Deposit: $10,000
  • Leverage: No
  • Spreads: As per Exchange
  • Commission: Yes
  • Contract Size: 1 Share
  • Negative Balance Protection
  • Hedging Allowed
  • Islamic Account

Traders can customise all these accounts as per their choice and requirements. The broker also offers a demo account for beginners to practice and understand the different dynamics of the financial markets.

XM Account Opening:

Traders can easily open an account and start their forex trading journey. To open an account with XM, you have to follow these simple steps.

  • Visit the brokers official website and click on the green button on the upper right side of the website.
  • Fill in the information and upload the documents, ID proof and address proof.
  • Once the account is approved, you have to deposit the minimum deposit of $5 and start trading.

The account verification and activation might take up to some hours. 

XM Review: Trading Platform

The broker offers the most used and globally famous MetaTrader4 and MetaTrader4 trading platform. The user can access these platforms on the web, desktop and mobile apps. You can trade on 1000+ tradable assets from six different markets.

Traders can download the desktop platform through the official website of the broker. The mobile applications are available on both android and ios operating systems.

MetaTrader5 Platform Features

  • Single login to seven platforms
  • Spreads start from 0.6
  • Full EA functionality
  • 80+Technical Analysis tools
  • Live Price Alerts
  • Hedging Allowed

MetaTrader4 Platform Features

  • Single login to Eight platforms
  • Spreads start from 0.6
  • Full EA functionality
  • 50+Technical Analysis tools
  • 3 Chart types
  • Live Price Alerts
  • VPS Feature
  • Hedging Allowed

XM Review Trading Instruments:

The broker offers trading on a wide range of 1000+ trading instruments across six different assets. Trading on multiple assets from the single trading platform. 

  • Forex Trading: The broker offers trading on 55+ currency pairs, including major, minor and exotics. Trading with zero commission and tight spreads. You can get max leverage up to 1:888
  • CFD Stock Trading: The broker offers CFD trading on 1200+ global stocks with commission-free trades.
  • Commodity Trading: Traders get the ability to trade on 8+ commodities, 2+ Metals and 5+ Energies without owning the actual product—zero exchange fees with lower spreads.
  • Indices Trading: The service provider offers CFD trading on 14+ major indices globally with cost-effective spreads.
  • Shares: The traders get the ability to trade on a single with more than 100+ tradable shares. 

XM Review Commission & Spreads:

The broker offers commission-free trading on most account types excepts the XM Zero account type. The broker strictly follows the policy of no hidden commission or any other charges. 

Spreads are variable and vary as per the account types such as Micro, Standard and Zero accounts offers 0.1 pip, and the spreads start from 0.1 pip for major currency pairs like EURUSD.

XM Review Maximum Leverage: 

The broker offers maximum leverage up to 1:888; this is entirely variable and depends on different assets and account types.

The leverage level is set as per the ESMA regulations and follows all the rules set by the financial regulatory authority.

XM Review Deposit and Withdrawal:

The broker offers a wide range of payment options for deposits and withdrawals. All deposit and withdrawals are commission-free. The withdrawals are processed on the same day. A minimum deposit of $5 is essential to start trading.

The payment methods are as follows:

  • BankWire Transfer
  • Neteller
  • Credit Card
  • Debit Cards
  • Visa / Mastercard

XM Review Educational and Research Support:

The broker offers extremely informative and exceptional educational material that benefits traders to understand different trading methods and dynamics of the financial markets. 

These materials are helpful for both beginners and experienced traders. The training support is outstanding and excellent that takes the users towards a successful trading journey.

  • Videos
  • Seminars
  • Tutorials
  • Ebooks

The broker also offers a wide range of analysis and research support. It provides economical calendars, daily news, charts, indicators, trading signals, etc.

XM Review Customer Support:

The broker offers 24/5 dedicated support to its clients. The broker provides multilingual support through email, telephone and live chat. The live chat option is a speedy and easy way to connect with the team and solve your queries. You can also get your most answers in the general FAQs section on the broker’s official website.

Address: 

  • 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus.    07:00 – 16:00 GMT, +357 25029933
  • Level 13, 333 George Street, Sydney, NSW 2000, Australia.  24/5 GMT, +612 8607 8385
  • Michalakopoulou 91, 3rd Floor, 11528, Athens, Greece.  07:00 – 16:00 GMT, +30 211 7700022

Email: [email protected]

XM Accepted Countries:

XM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use XM from United States, Canada, Israel, Iran, Portugal, Spain.

Final Verdict:

XM is the market leader in the industry. The broker offers exceptional trading services and conditions. It has won several awards and has won the trust of millions of active traders. If you want to start your online trading journey, you must try XM broker. It will definitely help you to gain good knowledge about forex trading and other financial products and make sure that you make a good profit. Start your fruitful trading journey with the worlds most reputed and trusted brokerage firm XM Broker.

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FAQs

The broker offers award-winning trading services and the most renowned trading brand in the world.

Yes, The broker is highly regulated by the top tier financial authorities like CySEC, IFSC and ASIC.

You can start your trading with a minimum deposit of $5.

The broker offers MT4 and MT5 trading platforms.

An account can be opened at the click of a button on the XM website and can be done in just a few steps.

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