XM.COM Review

What Is XM.COM

XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it 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 (000261/106).

Our clients benefit from direct access to the financial markets in over 300 financial instruments. This broker has more than 1000 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 with transparent real-time pricing, lowest spreads, and flexible leverage.

We value business efficiency – this is why we regard speed and fairness as crucial.

XM.COM Review

Broker Details ( XM.COM Review )

Minimum Trade Size:0.01
Established:2009
Address:12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Contact:support@xm.com, +357 25029933
Regulators: ASIC #443670,  IFSC #000261/158,
CySEC #120/10,  DFSA #F003484
Maximum Leverage: 888:1
Trading platforms:MT4, MT5
Web Trading:Yes
Mobile Trading:Yes
Currencies:(55+)
CFD:(940+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
Minimum to Open Live:$5
Withdrawal Methods:Bank Wire, VISA, MasterCard, Neteller, Skrill

Facts about the FX Broker XM.com: 

XM.COM Review

Regulation of XM and safety of customer funds

An official regulation or license radiates trustworthiness and security. Every trader should find out about opening an account with a broker. The regulation is intended to push frivolous and fraudsters out of the market. Licenses require certain criteria and regulations that guarantee a clean and secure trade.

Another good impression for us is that XM has several licenses. In more than 4 countries, the broker is regulated by an official financial regulator. In addition, the company is registered in many European countries with appropriate supervision and has EEA freedom to provide services.

Regulation of XM

In addition, customer funds are managed in different investment-grade banks. XM is only doing business with regulated payment providers. Also, the broker is a member of the Investor Compensation Fund. XM does not trade versus its clients, which is forbidden through the regulation, and for more safety, there is negative balance protection.

XM.COM Review
XM is a highly regulated broker

Why XM is a very safe online broker: 

XM.COM Review

Review of the XM trading conditions for traders

XM is very broad with over 1000+ tradable instruments. There should be no lack of choice here for a trader. As mentioned above, a variety of stocks, commodities, currencies (Forex), precious metals, and energies are offered for trading. Especially stock trading is a huge advantage with XM, assets from more than 14 different countries are available.

Available markets:

In terms of trading platforms, XM relies on the world-famous platform MetaTrader 4 and 5. This is, in our opinion, one of the best software for private traders. We will give you a more detailed explanation in the section Trading Platforms.

XM.COM Review
Assets and markets of XM.com

The terms of trading in leveraged financial products are, in my experience and tests, very good and competitive. XM relies on several different account types, which give a trader excellent conditions, depending on the capital strength. Spreads can start at 0.0 pips on the most traded markets. In addition, the execution is very reliable and there are 100% no requotes.

As a trader, you can start trading for as little as $ 5 minimum deposit or use a free demo account. In addition, there are different account types for every type of capital (more on that later). All in all, the conditions make a very positive impression on us and XM can be one of the cheap and reliable brokers.

Conditions for traders:

Account Types:

XM offers the advantage of 3 different account types. It can be decided between the “Micro”, “Standard” and “XM zero account”. The account types are adjusted to the capital strength of the customer. For example, in a micro account, you can trade with very small position sizes (risk of a few cents). There is a separate cent contract size.

In the “Standard” and “XM zero account”, there are normal lot sizes. The difference between these two accounts lies in the fees and the possible currency of the account. For example, you can choose 7 different currencies for the standard account and only 2 for the “XM zero account”. Spreads are much lower in the “XM zero account” and start at 0.0 pip. But you have to pay a commission of $ 3.5 per $ 100,000 traded. Overall, the “XM zero account” is still much cheaper than the standard account.

XM.COM Review
MicroStandardXM Zero
Base Currency OptionsUSD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZARUSD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZARUSD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR
Contract size (lot)1,000100,000100,000
Minimum Initial DepositUSD 5USD 5USD 100
Maximum Initial depositUSD 100,000USD 100,000USD 100,000
LeverageFlexibleFlexibleFlexible
Spread on all majorsAs low as 1 pipAs low as 1 pipAs low as 0 pip
CommissionNoNoYes
Lots restriction per ticket100 lots50 lots50 lots
Hedging allowedYesYesYes
Islamic AccountOptionalOptionalOptional

Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XM allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

XM support and service for traders tested

With XM you get more than one trading account because the customer service is provided by many employees of the company. Over 30 different languages are available in customer support. International employees also work for the company and help you around the clock. Use telephone, email, or chat support.

For example, you can also access professional training and webinars. The webinars are held almost daily and are accessible to every customer. There are also daily market analyzes and even signals to trade. Another plus is the personal account manager from XM. Each customer is assigned an employee who is available for questions and suggestions. It tries to find the best deal for you personally as a trader.

In summary, we can say from my experience that the analyzes offered, etc. are very well applicable for their own trade. Beginners and advanced traders can expand and improve their knowledge for free. In addition, the service makes a good impression on me.

Facts about the service: 

XM.COM Review

Review of the withdrawal at XM

Another important point of a good broker is a quick and easy payment of client funds. It is not uncommon for a broker to experience difficulty in paying large sums and delays.

This is not the case with XM. The company is always liquid and makes payments in less than a day. The fees are to look for in vain. The only fee that can be incurred if you pay less than $ 200 by bank transfer. From our experience with XM, you are with a very secure broker who treats client funds with the highest confidence.

The conditions for payments:

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