XM.com Review | What Do you need to know about this broker ?
Table of Contents
Broker Type: STP
Leverage: 1:500
Regulation: CySEC, FCA, ASIC
Min. Deposit: US$5
HQ: Cyprus
Platforms: MT4, MT5, XM WebTrader
Found in: 2009
XM.com Social Channels
xm.com review | more details about this broker
XM.com Licenses
- Trading Point of Financial Instruments Ltd – authorized by CySEC (Cyprus) registration no 120/10
- Trading Point of Financial Instruments UK Ltd – authorized by FCA (UK)registration no. 538324
- Trading Point of Financial Instruments Pty Ltd – authorized by ASIC (Australia) registration no 443670
- XM Global Limited – authorized by IFSC (Belize) registration no. IFSC/60/354/TS/18
XM.com Company Profile
XM.com brokerage was founded in 2009 and holds clients from all over the world ( over than 196 countries) Their Customer support is able to help their clients in 30 languages.
The main company office is located in Cyprus, in addition, they have offices in the UK, Australia, Belize and Greece.
Trading Instruments
XM.com offers a good variety of instruments to trade with.
You can choose from about 55 currency pairs and over 700+ trading instruments.
You are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies.
Accounts
XM offers you a choice between three main account types– Micro, Standard and Zero Accounts
Each of these accounts, (upon clients’ request,) can be referred to swap-free / Islamic account, which implies no swap interest and suitable for traders that follow Sharia laws.
Micro Account | Standard Account | XM Zero Account | |
Contract size | 1 Lot = 1,000 | 1 Lot = 100,000 | |
Minimum Trading Volume | 0.1 lots | 0.01 lots | |
Leverage
| 1:1 to 1:500 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) | 1:1 to 1:500 ($100 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +) | |
Minimum Deposit | 5$ | 50 $ | |
Spread on all majors | As Low as 1 Pip | As Low as 0.6 Pips |
XM Trading Platforms
XM clients access to make transactions and trades throughout well-known and nearly perfectly-developed trading platforms MetaTrader4 and MetaTrader5.
XM choose their technology on a most popular industry platforms MT4 and MT5 These platforms are very well known and allow you to get numerous expert advisors.
all platforms are integrated and directly accessible just from one account.
Automated trading or the trading robots are also available with unlimited use of charts and EAs.
XM.Com Leverage
Depending on the account type and the entity under which regulatory obligations is operating for your account, you can choose the leverage on a scale from 1:1 to 888:1. As of the recent updates on protective measures the European clients and brokers can use a maximum leverage level up to a maximum of 30:1, whereas the Australian regulation allows up to 300:1.
XM.com Deposits and Withdrawals
Traders having a choice of various payment options including commonly used Credit cards, Bank wire and E-wallets (Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL and even Bitcoin). As well company again taking care of their clients’ comfort and introduced a local bank transfer option, which enables to fund the account through local banks and currency with no conversion charges.
XM Minimum Deposit amount is 5 USD for multiple payment methods supported in all countries. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all necessary info in the Members Area.
The Review
XM.com Forex Broker
In conclusion, XM as a well-regulated broker by numerous highly respected regulators delivers truly transparent conditions and is extremely customer friendly broker. this is a high-quality broker that is one of the larger ones in the Market.
PROS
- Multi regulated
- Metatrader 4
- Metatrader 5
- Cryptocurrencies for trading
CONS
- Could use more stocks
- Not the cheapest rates
Review Breakdown
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This is one of our Preferred Brokers