“XM offers a wide variety of trading accounts giving a unique and flexible offering to trade on more than 1,000+ tradable assets across both MetaTrader 4 and MetaTrader 4 for PC, Mac, Web, iOS and Android. The broker also offers an impressive range of research and educational tools suitable for both beginner and advanced traders.”
From our observations, the XM offering provides a wide range of products and tools that are suitable for both beginner and advanced traders. While some beginner traders may be overwhelmed by the 4 different trading accounts on offer, they bring a unique level of flexibility to traders such as the choice of different regulatory jurisdictions and leverage amounts.
The XM Standard Account and XM Micro Account both offer commission-free trading with competitive spreads and swap rates. For advanced traders, there is also the XM Zero Account which offers tighter spreads with commission paid per 100,000 USD traded on Forex pairs. Users have the ability to trade on a wide variety of different asset classes, more than 1,000+ across Forex, Stocks, Indices, Commodities, Metals and Energies.
The broker offers trading on globally recognised platforms MetaTrader 4 and MetaTrader 5 across all major devices, as well as a large library of supportive videos and installation instructions. XM’s research and education section is very impressive as the broker runs Forex seminars around the world and offers traders a daily interactive live education trading room which could benefit both beginner and advanced traders.
Is XM regulated?
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 regulated by the International Financial Services Commission (IFSC/60/354/TS/19).
Where is XM based?
XM is based at 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus but also has international offices.
How does XM make money?
As XM is a market maker, the broker makes money through spreads, swaps and commissions on certain tradable asset classes.
How do I deposit in XM account?
Funds can be deposited into a trading account via Neteller, Moneybookers, bank wire transfer and through credit cards (Visa, Electron, MasterCard, Maestro, China UnionPay).
What is the min. deposit for XM?
The minimum deposit to open a trading account varies based on the account type but starts as lows as $5.
How do I withdraw money from XM?
Withdrawals can be made from XM through the member’s area and can be done via bank wire transfer, Neteller and to credit cards, among others.
What is the max leverage in XM?
The maximum leverage offered by XM is 1:888 but differs based on which regulatory jurisdiction that trader opens an account in.
How do I open an account with XM?
An account can be opened at the click of a button on the XM website and can be done in just a few steps.
Does XM use MetaTrader?
Yes, XM does offer MetaTrader 4, MetaTrader 5 and the MetaTrader mobile trading app.
“XM offers 4 different trading account types with the choice of commission-free, or commission-based trading on more than 1,000+ tradable asset classes across Forex CFDs, Stocks CFDs, Indices CFDs, Commodities CFDs,Precious Metals CFDs and Energies CFDs. Traders can use the globally recognised MetaTrader platforms and enjoy access to an impressive research and education section.”
XM offers 4 different trading account types across different regulatory jurisdictions (CySEC, ASIC and IFSC). This enables traders to choose between these offerings and access different leverage limits, among others. The broker offers strong regulatory oversight, with segregated client funds held with tier 1 banks and a negative balance protection policy.
Clients of XM are offered a wide variety of more than 1,000+ tradable assets across Forex, Stocks, Indices, Commodities, Metals and Energies. The XM Standard Account and XM Micro Account offer commission-free trading. The XM Zero Account offers commission-based trading on Forex pairs, albeit with lower spreads.
Users have the ability to trade on the world’s most recognised trading platforms MetaTrader 4 and MetaTrader 5, as well as on XM Mobile Trading App. Both beginner and advanced traders could benefit from the broker’s impressive research and education section which offers live Forex seminars and a live daily interactive education room.
- Regulated by CySEC, ASIC and the IFSC.
- Negative balance protection policy and segregated client funds held with tier 1 banks.
- Wide variety of trading accounts on offer with different leverage amounts and a range of commission-free, or commission-based trading.
- More than 1,000+ tradable assets across Forex, Stocks, Indices, Commodities, Metals and Energies across MetaTrader 4 and MetaTrader 5 for PC, Mac, Android and iOS.
- Impressive research and education section with Forex seminars and a live daily interactive education room.