Trading Experience
“XM offers a competitive offering to trade on more than 1,000+ financial CFD instruments covering a wide range of asset classes from the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms.”
From our observations, XM provides a simple and transparent trading offering to trade from 3 core types of trading accounts which offer low spreads and a mixture of commission-free and commission-based trading.
Users can trade on more than 1,000 financial CFD instruments covering Forex, Stocks, Indices, Metals and Energies from the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms for PC, Mac, Web and Mobile.
The broker also provides access to a wide range of impressive research and education tools such as live webinars, market analysis videos and live education rooms, making it a great resource for both beginner and advanced traders.
FAQ
Is XM regulated?
Yes, by CySEC, ASIC and IFSC.
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 and instruments.
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 30:1 for CySEC regulated entities but is higher in other global jurisdictions.
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, MetaTrader 4 and MetaTrader 5.
Conclusion
“XM is a globally regulated broker offering to trade on more than 1,000+ financial CFD instruments across Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.”
XM was founded in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC) and the International Financial Services Commission of Belize (IFSC) and segregates client funds from their own, which are then held with tier-one banking institutions.
The broker offers more than 1,000+ financial CFD instruments covering Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.
XM offers 3 core types of trading accounts called Micro, Standard and XM Zero with the first two allowing for commission-free trading and spreads starting from just 1 pip. Minimum deposits are low at just $5 and the broker also offers Islamic swap-free accounts, with customer support 5am to 7pm GMT via live chat, email and telephone.
Both beginner and advanced traders will enjoy the impressive research and education section which is feature-rich and up to date. Research is provided from the broker’s Markets Overview, XM Research, Trade Ideas, XM TV, Podcasts and Technical Summaries section. Education is provided through XM Live, Forex Webinars, Seminars, Platform Tutorials and Educational Videos.
- Regulated by CySEC, ASIC and IFSC.
- 1,000 financial CFD instruments to trade on.
- Commission-free trading accounts available.
- Can trade on MetaTrader 4 and MetaTrader 5.
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