XM Review

4.8/5 - (16 votes)

XM Broker Review

 

XM is a globally recognized next-generation broker for online forex and commodity trading, suitable for beginner and seasoned traders alike. XM.com offers 1000+ markets including Forex CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDs at low spreads to appeal to all levels of traders. 

The XM Group (XM) as a group of regulated online brokers was established in 2009 and had about 4,540 employees across the world in 2019.

 

  • A complete XM broker review
  • XM minimum deposit details
  • An overview of all XM Account Types
  • Details regarding XM Demo account
  • Steps to sign up for XM real account
  • Steps to make an XM withdrawal
  • Getting XM account registered
  • XM vs AvaTrade vs FBS

 

And lots more…

 

Let’s dive right in…

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, DFSA, CySEC, ASIC

Trading Desk

MT4, MT5

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XM at a Glance

 

𝗕𝗿𝗼𝗸𝗲𝗿𝗫𝗠
📜 RegulatedFSC
🎁 Sign Up Bonus$30 Trading Bonus

50% Deposit bonus with $500 deposit
🕖 Time to open an account1 day
🔥Live support24/5
🗺️ Country of regulationBelize
📊Trading Islamic AccountYes, available
💳 Demo Trading AccountYes
💰Spreads0.6 Pips
💰Leverage1000:1
💰 Minimum deposit$5 USD
📈 Trading PlatformsMT4, MT5, XM App
🥇 Trading InstrumentsForex Trading, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares
🎓Affiliate ProgramYes
🚀 Open a account👉Click Here

 

XM Review – 20 Keypoint Overview

 

  1. XM at a Glance
  2. XM Overview
  3. Is XM Regulated?
  4. XM Minimum Deposit
  5. XM Sign-Up Bonus
  6. Types of XM Accounts
  7. XM Demo Account
  8. XM Islamic Account
  9. How to Open an XM Account – Step-by-Step Guide
  10. XM Pros and Cons
  11. XM VS AvaTrade VS FBS – Comparison Table
  12. XM Customer Reviews
  13. Deposits and Withdrawal
  14. Steps to Withdraw Funds from XM Account
  15. XM Fees, Spreads, and Commission
  16. XM Partnership Options
  17. XM Product Portfolio
  18. XM Broker Trading Platforms
  19. Conclusion
  20. Frequently Asked Questions

 

 

XM Overview

 

🔎 𝗕𝗿𝗼𝗸𝗲𝗿🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁🌎 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀
XM👉Click Here$5 USDFSC

 

The XM Group consists of a number of companies that use the XM brand and are authorized to operate in different countries. The initial member of the XM Group, Trading Point of Financial Instruments Ltd., was established in 2009 in Cyprus and is subject to CySEC regulation.

With firms regulated in Belize (IFSC), the United Kingdom (FCA), and Australia (ASIC), XM Group has increased its global reach since 2015.

 

XM Review

 

Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

1

8/10

ASIC, FSA

$100

1:400

2

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:20000

3

8.4/10

FSA, CySec, FSCA, FSC

$1

1:3000

4

8/10

FCA, IFSC, CySec, ASIC

$5

1:1000

5

8/10

FSCA, FSC, FSA

$10

1:400

6

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

$50

1:100

7

8.5/10

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

1:400

8

8.3/10

IFSC, FSCA, ASIC, CySEC

$1

1:1000

9

8.2/10

SVGFSA

$5

1:500

10

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

1

8/10

$100

1:400

2

9/10

$10

1:20000

3

8.4/10

$1

1:3000

4

8/10

$5

1:1000

5

8/10

$10

1:400

6

8.7/10

$50

1:100

7

8.5/10

$10

1:400

8

8.3/10

$1

1:1000

9

8.2/10

$5

1:500

10

8.1/10

$100

1:500

 

Is XM Regulated?

 

XM Global is regulated by the International Financial Services Commission.

 

🥇 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀📌 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻🔎 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗻𝘂𝗺𝗯𝗲𝗿
🥉 Financial Services Commission🖋 FSC000261/397

 

XM Regulated

 

XM Minimum Deposit

 

For accounts with XM that are Micro, Standard, and Ultra-low, the minimum deposit is $5.

The initial deposit for Shares accounts is $10,000.

 

💻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁
📌Micro Account👉Click Here$ 5 USD
📌Standard Account👉Click Here$ 5 USD
📌XM Ultra Low Account👉Click Here$ 5 USD
📌Shares Account👉Click Here$ 10 000 USD

 

XM Minimum Deposit

 

XM Sign-Up Bonus

 

𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀𝗗𝗲𝘁𝗮𝗶𝗹𝘀
🥈BrokerXM
💰 Sign Up BonusYes
📝Partnership OptionYes
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here

 

XM Promotions

 

Types of XM Accounts

 

Forex trading platform XM offers four different account types, each with different features and conditions. 

 

There are the Micro, Ultra Low, Standard, and Zero accounts, all of which allow up to 200 open/pending positions per client.

 

💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
🥇 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗰𝗰𝗼𝘂𝗻𝘁🥉𝗠𝗶𝗰𝗿𝗼 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
Maximum leverage1000:11000:1
Base Currency OptionsUSD, EUR, GBP, JPY, CHF,‎USD, EUR, GBP, JPY, CHF,‎
Minimum deposit$5 USD$5 USD
SpreadAs Low as 1 PipAs Low as 1 Pip
CommissionNo commissionNo commission
Swap-freeAvailableAvailable
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here👉Click Here

 

Micro Accounts:

  • Micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency 
  • The account can be opened with a minimum deposit of only $5USD. 
  • 1 micro lot is 1 000 units of the base currency.

 

Standard Accounts:

  • Standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN as the base currency 
  • Traders can get started with just $5USD. 
  • 1 standard lot is 100 000 units of the chosen base currency

 

XM Account Types

 

💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
🥇 𝗫𝗠 𝗨𝗹𝘁𝗿𝗮 𝗟𝗼𝘄 𝗔𝗰𝗰𝗼𝘂𝗻𝘁🥉𝗦𝗵𝗮𝗿𝗲𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
Maximum leverage1000:1No Leverage
Base Currency OptionsEUR, USD, GBP, AUD, ZAR, SGDUSD
Minimum deposit$5 USD$10,000 USD
SpreadAs Low as 0.6 PipsAs per the underlying exchange
CommissionNo commissionApplicable
Swap-freeNot AvailableNot Available
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here👉Click Here

 

XM Ultra-Low Account:

  • XM Ultra-Low Accounts can use EUR, USD, GBP, AUD, ZAR, and SGD as the base currency 
  • Traders require a minimum deposit of $50 USD. 
  • 1 Standard Ultra lot is 100 000 units of the chosen base currency, whereas, 1 Micro Ultra lot is 1 000 units of the base currency. 
  • XM Ultra-Low Accounts are not applicable to all entities of the group.

 

Zero Accounts:

  • Zero accounts can use USD, JPY, and EUR as the base currency
  • Traders will require a minimum deposit of $10USD to open an account 
  • Like the Standard account, 1 standard lot is 100 000 units of the chosen base currency.

 

XM Account Types Available

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, DFSA, CySEC, ASIC

Trading Desk

MT4, MT5

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

XM Demo Account

 

XM excels in its demo account offering with exactly the same trading conditions as the real thing. Users can set up a demo account with the minimum details and then start trading with a virtual balance of $100 000. 

There are no time limits on how long you can use your demo account.

 

𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀𝗗𝗲𝘁𝗮𝗶𝗹𝘀
🥈BrokerXM
💰 Demo AccountYes
📝Virtually Funded$30 USD
💻Terminal AccessFull
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here

 

XM Demo Account

 

XM Islamic Account

 

Islamic or swap-free accounts are also available with XM. With these accounts, a flat commission is charged if a trader holds a leveraged position overnight instead of the percentage-based financing rates.

 

𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝘀𝗗𝗲𝘁𝗮𝗶𝗹𝘀
🥈BrokerXM
💰 Islamic AccountYes
📝Accounts OfferedStandard / Micro
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here

 

XM Islamic Account

 

How to Open an XM Account – Step-by-Step Guide

 

The process to open a Forex Trading Account with XM is fully digital, fast, and straightforward. One can fill out the online application form in 20 minutes and it may be verified on the same day. The process can be completed in several languages other than English.

 

To use XM, a forex trader need to have an account with the broker and can open one on the following conditions:

  1. Have copies of identification documents
  2. Be 18 years or older
  3. Be able to afford the minimum deposit required

 

To open an account at XM, you have to go through these steps:

 

1. Step 1: Start your Registration

 

Once you have selected XM as your broker of choice, make you way to the website home page and select “Open an account” or “Start with $30 Free”

 

XM - Open an account

 

2. Step 2: Complete information

 

Provide your name, country of residence, email address, and telephone number and select Register. 

 

XM Account registration

 

 

3. Step 3: Verify Profile

 

Select the option to verify your profile and claim your $30 deposit bonus

 

XM Account Setup

 

4. Step 4: Account Preferences

 

Select your account preferences such as:

 

  • Select the account type and trading platform (MT4 or MT5).
  • Add your personal information, such as your address and date of birth. 
  • Select the base currency and the ratio of leverage you want to use.
  • Provide your financial information and answer questions about your financial knowledge.

 

XM Account details

 

4. Step 4: Complete Identification process

 

Verify your identity and residency by uploading a copy of your ID, passport, or driver's license and utility bills or bank statements as proof of residency.

Wait for verification and then you can start trading.

 

XM Verification of account

 

XM Pros and Cons

 

✅ 𝗣𝗿𝗼𝘀✅ 𝗖𝗼𝗻𝘀
Offers a variety of account types, including Micro, Standard, and XM Ultra Low, making it suitable for both beginner and advanced tradersCharges an inactivity fee if an account remains unused for a certain period
Wide Range of InstrumentsLeverage restrictions available
No Hidden FeesNo US Clients
Offers a range of educational materials, including webinars, video tutorials, and market analysis, which can be beneficial for traders looking to improve their skills.Complex Bonus Structure
Excellent Customer Support
Offers negative balance protection, which means traders can't lose more than their initial deposit
Offers various trading tools, including technical analysis, economic calendar, and VPS services

 

XM VS AvaTrade VS FBS – Comparison Table

 

𝗔𝘀𝗽𝗲𝗰𝘁𝘀𝗫𝗠𝗔𝘃𝗮𝗧𝗿𝗮𝗱𝗲𝗙𝗕𝗦
RegulationRegulated by CySEC, FCA, ASIC, and others Regulated globally. Regulated by IFSC Belize and CySEC
Minimum DepositVaries by account type $100 USD$1 (Cent account), $5 (Standard account)
Account TypesMicro, Standard, XM Ultra Low Standard, Islamic, Managed, and more Cent, Standard, Zero Spread, ECN
LeverageUp to 1000:1**
Up to 1:400 (varies by instrument)Up to 1:3000 (varies by account type)
Trading InstrumentsForex, Stocks, Commodities, IndicesForex, Cryptocurrencies, Stocks, Commodities, Indices, Bonds, and more.Forex, Stocks, Metals, Energies, Cryptocurrencies
SpreadsVariable, competitiveVariable, competitiveVariable, competitive
Trading PlatformsMT4, MT5, WebTrader, mobile apps MT4, MT5, AvaOptions, mobile appsMT4, MT5, WebTrader, mobile apps
🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕👉Click Here👉Click Here👉Click Here

 

XM Customer Reviews

 

XM Trustpilot
Broker
So far this is one of the best broker i has used. The deposit & withdrawal process seems to be fast than other. Just the spread sometimes is bigger.

 

XM Green Trustpilot stars

 

These people are really very wonderful
These people are really very wonderful, they offer excellent educational courses in the largest hotels by professional traders and for free, they offer a real bonus when you open an account with them, they spare nothing for their clients, free education in your country, money to trade with, a very advanced platform and live analysis of the markets. Wow, you are truly the best, without a doubt.

 

XM Green Trustpilot stars

 

5 star
XM app deserves its five-star rating. An essential tool in my trading journey. They have the best live education trading expert. XM App has contributed to my trading journey.

 

XM Green Trustpilot stars

 

Deposits and Withdrawal

 

➡️ In addition to a number of credit and debit cards, electronic payment alternatives, bank wire transfers, local bank transfers, and eWallets, XM provides a vast array of deposit and withdrawal choices.

 

➡️ Direct deposits and withdrawals are possible through the XM Member's Area area.

There are no costs associated with using Moneybookers, Neteller, or any major credit card, such as Visa, Electron, MasterCard, Maestro, or China UnionPay, for deposits or withdrawals.
Instant account financing with credit cards and electronic wallets; no fees on deposits and withdrawals made by bank wire transfers above $200 USD or the equivalent in other currencies.

 

Steps to Withdraw Funds from XM Account

 

To withdraw money from XM, the following should be kept in mind during the steps:

  • All withdrawals are processed in 24 hours and there are no fees charged for taking money out of your eWallet.
  • For credit/debit cards and electronic wallets (Skrill, Neteller), the withdrawal amount cannot exceed the amount you deposited with the same method, leaving only a bank transfer to withdraw your trading profits.
  • Withdrawals, such as debit cards, usually take 2 business days.
  • You can only withdraw money to accounts in your name.

 

𝗦𝘁𝗲𝗽𝘀𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹 𝗙𝗿𝗼𝗺 𝗘𝘅𝗻𝗲𝘀𝘀 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
𝗦𝘁𝗲𝗽 𝟭:Log in to your account
𝗦𝘁𝗲𝗽 𝟮:Go to 'Withdraw Funds'
𝗦𝘁𝗲𝗽 𝟯:Select the withdrawal method
𝗦𝘁𝗲𝗽 𝟰:Enter the withdrawal amount

 

XM Fees, Spreads, and Commission

 

𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝘁𝘆𝗽𝗲𝘀
𝗦𝗽𝗿𝗲𝗮𝗱𝘀𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀𝗦𝘄𝗮𝗽 𝗿𝗮𝘁𝗲𝘀𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁
📌 MicroAs Low as 1 PipNot Available Available$5 USD
📌 Standard As Low as 1 PipNot Available Available$5 USD
📌 XM Ultra LowAs Low as 0.6 PipsNot AvailableNot Available $5 USD
📌 Shares AccountAs per the underlying exchangeAvailable Not Available$10 000 USD

 

XM Fees and Spreads

 

XM Partnership Options

 

XM provides a wide range of partnership options, including:

 

➡️ Partnership membership option

➡️ Up to $25 Per Lot

➡️ 10% On 2nd Tier Referrals

➡️ No Limits when it comes to Commissions

➡️ 25  various languages Supported

 

XM Fees and Spreads

 

XM Product Portfolio

 

☑️ 𝗙𝗲𝗮𝘁𝘂𝗿𝗲
☑️ 𝗫𝗠
Forex TradingYes
CFDs1273
Forex Pairs57
Social TradingYes

 

XM Broker Trading Platforms

 

XM offers traders two trading platforms that are accessible from both real and demo accounts. The well-known MetaTrader 4 is predominantly a forex trading platform and supports stop, limit, market, and trailing orders while the MetaTrader 5 platform is a multi-asset trading platform that also offers access to stocks, stock indices, and precious metals. Both these platforms are available as web-based and mobile versions on Apple and Android devices too.

 

MT4

Traders can trade with the MT4 platform on Macs as well as on mobile devices such as Androids and iPhones, iPads, and tablets.

 

☑️ 𝗠𝗧𝟰☑️ 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀
💻 LoginOne login access to 8 platforms,
💻 InstrumentsMore than 100 Instruments including Forex, CFDs, and Futures,
💻 TradingOne-click trading
💻 Tools Technical analysis tools with 50 indicators and
💻 ChartingCharting tools and 3 different chart types.

 

XM WebTrader 4

XM WebTrader 4 is accessible for PC’s and Mac’s without downloading and boasts the following features:   

 

☑️ 𝗪𝗲𝗯𝗧𝗿𝗮𝗱𝗲𝗿 𝟰☑️ 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀
💻 LoginOne single login access to 8 Platforms,
💻 InstrumentsMore than 100 Instruments including Forex, CFDs, and Futures,
💻 TradingOne-click trading
💻 SpreadsSpreads as low as 1 pip,
💻 Built-inBuilt-in news functionality

 

XM MT4 Multiterminal

The XM MT4 Multiterminal platform is ideal for traders who want to handle multiple MT4 accounts from a single terminal with ease and with one master login and password.

The terminal has the following features:

 

☑️ 𝗠𝘂𝗹𝘁𝗶𝘁𝗲𝗿𝗺𝗶𝗻𝗮𝗹☑️ 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀
💻 Order TypesHas multiple order types
💻 Allocation MethodsOffers three allocation methods
💻 TradingIt supports up to 128 trading account
💻 ManagementProvides management and execution in real-time

 

MT5

MetaTrader 5 offers an extra range of features that analyze the market and help traders trade in any style they prefer.

In addition to all the features of the MT4 platform, the MT5 platform offers the following extras: 

 

☑️ 𝗠𝗧𝟱☑️ 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀
💻 LoginOne login access to 8 platforms,
💻 InstrumentsMore than 100 Instruments including Forex, CFDs, and Futures,
💻 TradingOne-click trading
💻 Tools Technical analysis tools with 50 indicators and
💻 ChartingCharting tools and 3 different chart types.
💻 Order TypesDifferent order types such as ‘Fill or Kill' and ‘Immediate or Cancel

 

Overall Rating

Min Deposit

USD 5

Regulators

FSC, DFSA, CySEC, ASIC

Trading Desk

MT4, MT5

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Conclusion

 

In conclusion, XM offers traders a large selection of financial products as well as educational materials. Although it provides a reliable platform, traders should take precautions and do their homework before trading in order to reduce the dangers involved with online trading.

 

Disclaimer

 

Trading foreign currencies on margin carries a high level of risk and it may not be suitable for all traders and investors. Forex is a highly leveraged financial instrument and these high-risk stakes can result in you losing a substantial amount of money. Consider your appetite for risk before trading forex using real money on a live account.

 

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Top 10 Forex Brokers

Broker

Rating

Regulators

Min Deposit

Leverage

Website

1

8/10

ASIC, FSA

$100

1:400

2

9/10

FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), FSC

$10

1:20000

3

8.4/10

FSA, CySec, FSCA, FSC

$1

1:3000

4

8/10

FCA, IFSC, CySec, ASIC

$5

1:1000

5

8/10

FSCA, FSC, FSA

$10

1:400

6

8.7/10

FSCA, CySEC, FCA, DFSA, FSCA, CMA

$50

1:100

7

8.5/10

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

1:400

8

8.3/10

IFSC, FSCA, ASIC, CySEC

$1

1:1000

9

8.2/10

SVGFSA

$5

1:500

10

8.1/10

CySEC, ASIC, FSCA

$100

1:500

Top 10 Forex Brokers

Broker

Rating

Min Deposit

Leverage

1

8/10

$100

1:400

2

9/10

$10

1:20000

3

8.4/10

$1

1:3000

4

8/10

$5

1:1000

5

8/10

$10

1:400

6

8.7/10

$50

1:100

7

8.5/10

$10

1:400

8

8.3/10

$1

1:1000

9

8.2/10

$5

1:500

10

8.1/10

$100

1:500

 

Frequently Asked Questions

 

Is XM Safe?

XM is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is fully regulated

 

Is XM Legit?

Yes, XM is a legit Forex Broker and Trade Platform. XM has FCA, IFSC, CySec, ASIC legal certificates to perform Forex Broker and trading services.

 

Is XM a Good Broker?

Yes. According to this Forex Suggest review, XM offers a comprehensive and reliable broker service to traders of all levels. XM is a solid choice for traders who are just starting out and learning the ropes, or seasoned traders looking for a reliable and efficient platform.

 

Does XM have Nasdaq?

Yes, XM offers NASDAQ ‏(US100) as cash and futures CFDs. Their cash index CFDs are undated transactions that aim to replicate the cash price of the underlying index. Index futures CFDs expire on specific future dates and are cash-settled on the expiry date. The Nasdaq exchange is the global electronic marketplace for buying and selling securities created and Nasdaq100 the traded shares of the largest 100 companies by market capitalization. 

 

How many days do deposits take with XM?

Deposits with XM usually do not take more than one working day for all the available deposit methods to clear. 

 

Does XM Have a Traders Dashboard?

Yes, the XM Traders Dashboard gives traders an overview of current market events and updates on contemporary news from all currency markets.

 

What is the minimum deposit in XM?

The minimum initial amount to open a Micro and Standard account is only 5 $/€/£, while Zero accounts require a minimum deposit of $100.

 

Is XM Regulated in the United States?

No, XM is not regulated anywhere in the United States. 

 

Does XM have promotional offers?

No, XM does not have promotional offers. As an EU-regulated brand, the broker complies with the ESMA ban on bonuses, and even deposit bonuses are no longer available to EU traders.  XM does offer a free VPS (virtual private server) service to help increase the speed of trades. This VPS is accessible from anywhere and available 24/7. 

 

Does XM have a welcome bonus?

As an EU-regulated brand, the broker adheres to ESMA regulations which include a ban on bonuses, and even deposit bonuses are no longer available to EU traders. Previously a $30 welcome bonus was paid at registration of an account.

 

Does XM have a deposit bonus?

No, XM does not offer a deposit bonus anymore, due to the fact that XM’s regulators like CySec and ESMA restrict the broker from offering deposit bonuses. 

 

Is there a commission-free trade bonus in XM?

No, XM does not offer a commission-free trade bonus, because the broker already follows a strict “no hidden fees or commission” policy, and commission is only charged on XM Zero accounts.  

 

Is there a VIP bonus in XM?

No, XM does not offer a VIP bonus, but VIP and high-volume traders can benefit from other enhanced trading conditions. 

 

Can you start trading with no money at XM?

No, you cannot start trading with no money at XM because XM does not offer a any deposit bonus anymore. Traders however only need a mere $5 to open an account, which makes it easy to start trading with very little initial investment.

 

How does leverage work with XM?

Depending on the instrument a trader wants to trade, the leverage can range from 2:1 to 30:1 for clients registered under the EU-regulated entity of the group. These ratios are completely flexible, and XM offers its clients the opportunity to manage their own leverage risk. 

 

Where are the headquarters of XM?

XM is headquartered at 12 Richard & Berengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

 

Who is XM’s CEO?

The CEO of XM is Constantinos Cleanthous. He was a founder of XM and graduated with a BSc in Business Mathematics and Statistics from The London School of Economics. He also holds an MSc in Shipping, Trade, and Finance, from the City Business School. In addition, he holds a Certificate of Professional Competence in accordance with MiFID (Markets in Financial Instruments Directive).

 

What are the social media accounts of XM?

Traders can follow XM on the following social media accounts: Twitter, Facebook, Instagram, YouTube, LinkedIn

 

How many employees do work for XM?

XM had about 4 530 employees in 2019.

 

What are the opinions about XM?

XM is lauded for its education package on forex, especially by those taking their first steps into trading. More seasoned professionals also appreciate the access to expert analysis and unparalleled tracking tools.  

 

What are XM Contests?

XM does not run any contests. Forex Contests can be run by brokers who offer them to traders to profit on contest winnings. 

 

Does XM have online support?

Yes, XM has a very able online support team for its account users. The online support team can be contacted via the live chat option on XM's official website, by email, and telephonically. Support is provided in several languages.

 

Does XM offer demo accounts for Forex trading?

Yes, XM offers a free demo account for all new traders.

 

Does XM have a mobile app for Forex trading?

Yes, XM offers XM is available on a number of Android and Apple devices, including Apple iPhone, Apple iPad, and Android tablets, and Android phones. Both these apps can be downloaded from the Apple App Store or the Google Play Store. Login is very easy and can be done via fingerprint.  Both apps are both fully functional and allow for monitoring and trading on the go. 

 

Does XM publish an economic calendar?

XM does publish an economic calendar, which is a useful resource to help Forex traders to remain up to date on all appropriate economic information that is scheduled to be released and may impact the currency markets.  XM’s economic calendar provides information on forecasts and historical data and financial events for a specific day as well as the previous and following days.