Check Forex Bonus Lab opinion on XM. Our XM Forex Review will uncover the spreads, licenses, commissions, bonuses, trading platforms and more!
Leverage: 1:500 Licences: CySEC, FCA, ASIC
Min. Deposit: 5 USD Bonus: 30 USD
Spreads: from 0 pips US Clients: No
Looking for a good Forex broker? Try XM now!
XM Broker at a Glance
XM Forex Broker is a group of regulated online brokers. Trading Point of Financial Instruments Ltd is established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd is established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and Trading Point of Financial Instruments UK Ltd is established in 2016 and it is regulated by the Financial Conduct Authority (FCA 705428). The trading instruments they offer are Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. XM is a market maker with 99.35% of all trading orders executed in less than one second, with no re-quotes and no rejections.
XM Forex Accounts Overview
XM Forex Broker offers its clients 3 types of account: MICRO, STANDARD, and XM ZERO with low spreads and a level of flexible leverage that can reach the maximum of 1:500. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. Finally, XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3. 5 commission per $100,000 traded.
Spreads can start from as low as 0 pips, depending on the instruments and account types used. This broker has more than 250 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Cryptocurrencies CFDs, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.
At XM, quality execution is essential most trades are completed in less than a second, there aren’t re-quotes and all orders are executed.
XM Forex Trading Platforms
From one account as many as eight trading platforms can be accessed. Trading operations are speeded up and users are given a lot of choices in order to trade regardless of where they are.
The obvious choice of the MetaTrader4 platform is available and expert advisors are also included. The comprehensive list of all the trading software is as follows: MetaTrader 4, MetaTrader4 Mac, Web Trader Terminal, MT4 iPhone, MT4 iPad, MT4 Android and Mobile Trader for other smartphones. Another feature that is present is multi-account management, allowing traders to make transactions with multiple accounts at the same time, while providing them with a large number of instruments.
XM Broker Extra Features
They have an impressive number of video tutorials, webinars in more than 15 languages and seminars held all over the globe. A new trader has a lot to learn by visiting this broker.
XM Customer Support
Account managers are reachable 24/5 by live chat, by telephone or e-mail, providing client support in a variety of languages and with the needed attention.
Customer-oriented support assists both demo and experienced investors make the most of trading by ensuring flawless communications at all times.
XM Deposits and Withdrawals
Deposits and withdrawals can be done through: Multiple Local Payment Methods like Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.
XM Review Conclusion
XM Forex Broker offers a wide range of accounts for all types of traders. Moreover, this broker has more than 250 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs. In addition, their learning center is very well put together and offers an important amount of information that helps new traders find their way. This makes it a great choice for new and experienced traders alike.