XM Brokers Review

XM Brokerage started its activities in 2009 and to date operates clients from 196 countries/regions, with support staff speaking 30 languages and is one of the most trusted regulated brokers. The main branch is located in Cyprus and regulated by CySEC, but the offices truly cater to global needs and offer services through Australia, UK, Belize, Greece and are licensed in Dubai and the Middle East and North Africa.

XM has approximately 1.5 million traders and investors choosing its wide range of XM trading products and services brokers offer advanced trading solutions, but are also suitable for beginners. The reason for such rapid growth and trust in the broker is that XM aims to provide its clients with one of the best user experiences in the industry.

🏢 HeadquartersCyprus and offices in UK, Australia
🗺️ RegulationESMA, CySEC, ASIC, FCA, etc.
🖥 PlatformsMetaTrader trading software offering MT4 and MT5 platforms
📉 InstrumentsStocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies
💰 EUR/USD Spread1.6 pips
🎮 Demo AccountAvailable
💳 Minimum deposit5$
💰 Base currenciesVarious currencies
📚 EducationProfessional Education with webinars and Seminars

Regulation and Security

XM Group (XM) is a group of regulated online brokers. trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is based in Belize and regulated by the International Financial Services Commission (000261/158).

XM’s regulation in Cyprus provides its clients with a degree of investor protection as CySEC maintains an Investor Compensation Fund, which is entitled to provide awards of up to €20,000 to depositors who lose their accounts due to the collapse of a regulated firm.

XM has been operating as a brokerage business since 2009 and has a relatively long track record of performance. As a rule, it can be said that the longer a broker has been in business, the higher the reputation of the broker should be.

XM Pros and Cons

The table below features a look at some of the core advantage and issues in each broker area:

XM Offer Advantages Downsides
Demo Account Unlimited trial It will expire after 30 days of inactivity
Minimum Deposit Remains low and accessible to any trader starting from $5 Conversion fee may be applied
CFDs and Forex Low spread No crypto offered
Islamic Account No extra free Some account type may not be available
Research and Education One of the best among industry leaders Not every feature supported on mobile

XM Marketplace Trading Account Comparison

Micro accountStandard accountXM ultra-low accountShares account

 

 

Base currencyUSD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
EUR, USD, GBP, AUD, ZAR, SGDUSD
Minimum Deposit$5$5$50$10,000
Contract volume1 Lot=1,0001 Lot=100,0001 Lot=100,000(Standard)

 

1 Lot=1,000(Micro ultra)

 

1 share
Minimum trade volume.01 Lots(MT4).01 Lots.01 Lots (Standard)1 Lot
Leverage1:1 to 1:888($5 to $20,000)1:1 to 1:888($5 to $20,000)1:1 to 1:888($50 to $20,000)No leverage
Spread1 pip1 pip0.6 pipAs per underlying exchange

XM CFDs and Forex Review
When trading CFDs and Forex with XM, you will find a large number of available markets and over 1,000 assets to trade. Available markets include Forex, stocks, commodities, indices, precious metals and energy trading, and you can trade many of these assets in nano lots through a micro account if you wish.

XM usually tries to maintain a free trading environment as much as possible, so this means you can get some excellent value out of your trading. While the commission of $3.50 per lot for trading on a zero account is slightly higher, spreads can be as low as 0 pips. Average spreads on many of the most commonly traded assets remain competitive, including an average spread of 1.7 pips on EUR/USD, 2 pips on EUR/GBP, and 0.35 pips on gold.

Account Types
XM Group offers its clients 4 types of accounts: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads. MICRO accounts allow you to operate with micro lots, a low level of risk and a minimum initial deposit of $5. STANDARD accounts allow you to operate with standard lots and a minimum initial deposit of $5. XM ZERO* accounts allow you to operate with standard lots, low spreads from 0 and a minimum initial deposit of $100. ZERO* accounts allow you to use standard lots, lower spreads from 0 pips and a minimum initial deposit of $100. XM ZERO accounts have a commission of $3.50 per $100,000 traded. Finally, XM ULTRA LOW* accounts allow you to trade with micro lots or standard lots with low spreads starting at 0.6 pips and a minimum initial deposit of $50.

All account types allow hedging, scalping and automated trading through Expert Advisors.

Deposits and Withdrawals
XM does not have a minimum deposit requirement. However, system restrictions limit the minimum deposit amount to $5 for electronic funds such as Moneybookers, Skrill and Neteller, as well as credit cards and bank wire transfers. MoneyGram and Western Union are also accepted.

Withdrawals can be made using the same methods. In fact, the deposit and withdrawal options are listed side by side on the website, and traders can simply click on “Deposit” or “Request Withdrawal” to proceed with the transaction.

What can I trade

After regulation, security and fee structure, the next most important factor to consider when choosing a Forex/CFD broker is what is offered for trading on the broker’s menu. Some traders will be looking for exposure to only one asset class, such as Forex or CFDs on individual stocks and shares, while others will be looking for diversification.

XM offers the following trading instruments.

Forex – Over 55 currencies and cross currency pairs are listed below, including exotic currencies.
Stocks – XM currently lists over 1200 stocks, with a wide variety of stocks available for trading. This is quite remarkable and extensive selection as a means of acquiring international stocks. There are 17 national markets for stocks, including of course the major markets such as the US, UK, Germany, Switzerland and Australia, but also Russia. Other than that, these markets are purely European. Investors wishing to trade stocks in individual major markets must carefully research XM as a preferred broker.

Platform Trading Tools

There are also a variety of additional XMs that allow you to benefit from the extra advantages offered by the platform. These include XM VPS, fast trade execution and remote connection to a virtual private server (VPS). This XM VPS brings uninterrupted work without the need to monitor your computer or use it. Customers who maintain a minimum of $5,000 or less can apply for a no-cost VPS, and in case they do not meet the requirements, they can apply for a monthly fee of $28.

Customer Support

For customer service and support, we can see that XM is a global company that caters to the needs of the transaction and the customer support team is available worldwide in over 25 different languages including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, Tagalog and other languages.

Customer support is available 24 hours a day, 7 days a month, ready to help you with your questions and queries by phone, email or chat. In addition, we have found the quality of the service to be excellent and the answers to be reliable, confirming XM’s customer-focused policy.

Education

In addition to excellent customer support, each customer has access to a variety of educational resources through the XM Learning Center, including transaction data and other information that allows transactions to reach a higher quality. In this regard, XM also goes a long way in respecting its clients and the extensive educational assistance around the world aimed at providing traders with information.

In reality, you should never put off your education or personal growth because those who have data make more informed decisions. XM will help you in this direction as well.

With XM, you can benefit from a quality learning experience determined by your own level. This includes live educational offerings, educational videos, forex webinars, and regular forex seminars at various locations. In addition, there are very well organized tutorials, videos and other tools available.

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