|Headquarters||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus|
|Support Number||+357 25029933|
|Support Types||live chat , email , phone , fax|
|Languages||23 languages supported|
|Trading Platform||MT4 | MT5 | Mobile platforms | Tablet platforms|
|Minimum 1st Deposit||$5|
|Minimum Account Size||$5|
|Minimum Trade Amount||0.1 contracts|
|Maximum Trade Amount||limit on each instrument|
|Bonus||No deposit bonus|
|Free Demo Account||Open Demo|
|Regulation||Regulated by CySEC, ASIC and other agencies|
|Account Types||micro , standard , XM ultra low , shares , XM zero|
|Deposit Methods||credit cards , electronic payment methods , bank wire transfer , local bank transfer|
|Withdrawal Methods||credit cards , electronic payment methods , bank wire transfer , local bank transfer|
|Number of Assets||1000+|
|Types of Assets||forex, stocks, commodities, equity indices, precious metals, energies, shares|
|US Traders Allowed|
XM relies on MetaTrader 4 and MetaTrader 5 versions to ensure that its clients are able to trade the market on any kind of devices. Users are able to trade on PC/MAC with MT4 or MT5 for PC, as well as MAC versions. Both platforms are available through web browsers and MT4 also comes in a multiterminal version, allowing traders to trade on multiple accounts at once.
With mobile trading on the rise, both MT4 and MT5 are available on iPhone and Android smartphones, while XM had also made sure that tablet versions had also been developed. With this trading platforms offer, anyone is able to trade 1,000+ instruments anywhere and anytime, being able to choose from CFDs on stocks, indices, commodities, metals, and energies.
In terms of regulation, XM had already received licenses from the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).
There are also registrations for outward passporting from strong regulators like the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, Spain’s CNVM, France’s ACP, and 6 other more. As a licensed and regulated financial institution, XM ensures the safety of client funds by adopting a series of important procedures.
The company has a diversified offer in terms of trading accounts as well, with different options for AU, CY, and global customers. Given that most of the clients apply for a global trading account, they can choose between micro, standard, XM ultra low, and Shares account, all with a wide set of features.
XM also has a Zero Account features, that allows trading of 55 currency pairs + gold and silver on MT4 and MT5, with spreads as low as zero, 30:1 leverage, and zero fees for deposits and withdrawals.
Among its most important promotions, XM offers free VPS services ideal for EAs and increasing the speed of your trades, plus 0% on deposits and withdrawals. There are also trading bonuses involved, which you will find after you open an account with the company.
Pros and Cons
- XM offers some of the lowest trading fees in the market, making it a highly competitive brokerage company.
- Clients are able to open a trading account easy and fast as the company managed to simplify the process.
- With XM you’ll get access to a wide variety of educational tools.
- As a client of XM, you will be able to trade only CFDs and forex instruments.
- The company offers limited research tools.
- There’s an inactivity fee in case you won’t be active for a given period of time.
XM offers a wide variety of educational material, including a live education section, as well as many educational videos. Forex webinars, platforms tutorials, and forex seminars are available for traders who want to learn more about trading and improve their edge. XM works with a lot of experts from the industry which are sharing their knowledge about trading and their technical analysis ideas. If you want to see other people’s opinion about how the markets will perform, XM had taken care of that.Visit Broker