XM.com


Overall Score   How is this Calculated?

9.1

Ranks #9 of 29
In Reviews > XM.com


Visit XM.com
Details:

  • Min. Deposit: $5
  • Max. Leverage: 888:1
  • First Deposit Bonus:
  • Min. Lot Size: 0.01
  • Regulation: CySEC (Cyprus), ASIC (Australia), FSPR (New Zealand)

  RATING

Ease of Access:
8.9
Reliability:
9.2
Support:
9.5
Payouts pct.:
9.1

  AWARDS

XM Review – The Best Choice for Traders?


XM was founded in 2009 by a group of industry experts who are as driven and passionate about forex trading today as they were five years ago. They launched the company with a few basic principles in mind which they have never compromised on and all add up to deliver quite simply, the ultimate trading experience.

 

 

XM clients are able to trade online with access to international markets and instruments including forex, CFDs, equity indices, precious metals, and energies.

 

The company currently serves clients in 190 countries and is recognized as an industry leader and innovator, having also built a solid reputation amongst clients and affiliates for the transparent and ethical manner in which it operates. All traders are treated fairly and ethically, regardless of the volume they trade or the size of their investment.

 

XM is regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10 and the Australian Securities and Investments Commission (ASIC) under license no. 443670. It is also registered with the New Zealand FSP and with every EU entity including the United Kingdom's highly respected Financial Conduct Authority (FCA).

 

Types of Account

 

XM offers its clients three fundamental account types; Micro, Standard, and Executive, with each depending on the size of your invested capital. Shariah compliant accounts are also available for those of the Muslim faith.

 

It only takes a few minutes to open an XM Real Account by using the easy online application form, which is available in multiple languages for maximum usability and convenience. During the account opening process, traders are able to select from base currency options which include USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, and ZAR.

 

Account features include flexible leverage up to 888:1 and tight spreads coupled with fractional pip pricing for maximum trading accuracy. No commissions are applied to trades, nor are there any hidden fees imposed. All clients trade in a transparent environment with strictly no requotes and no rejections of orders.

 

The Trading Platform

 

All XM trading platforms have been built with order execution in mind, ensuring that XM is able to deliver on its promise of offering unparalleled execution speeds. Since XM was founded, it has offered its clients the MetaTrader 4 Terminal, the single most popular trading platform in the world.

 

The current platform lineup consists of multiple options, all providing a rich array of functions and features. There is a WebTrader which can be accessed from any internet connected device, the MT4 MultiTerminal and MAM platform for managing multiple accounts simultaneously, and dedicated apps for the most popular smartphones and tablets.

 

Essentially, XM provides a platform that has the power to accommodate the trading needs of any client, in any situation.

 

Deposit and Withdrawal Processes

 

XM appreciates that people are not ready or willing to transfer funds via unknown or unfamiliar payment methods. This is why XM has gone to extraordinary lengths to provide a wide range of popular yet secure payment methods that are trusted by people all around the world.

 

Accounts deposits are 100% automatic with instant processing 24 hours a day, 7 days a week. Meanwhile, speedy withdrawals have been a staple feature of all trading accounts since XM was founded, which is why all withdrawal requests are processed on a same day basis.

 

Promotions and Loyalty Program

 

Ongoing promotions are always available to XM clients. From the moment they open a trading account, there are rewards waiting for them to claim. XM clients are also automatically entered in to the XM Loyalty Program.

 

The XM Loyalty program rewards clients with XM Points for their loyalty on every trade they make, in accordance with their loyalty status. The higher the loyalty status, the greater the number of XM Points that are awarded. As these XM Points are accumulated over time, they can be redeemed as often as desired for credit bonuses and real cash rewards. With no upper limits and no hidden terms, these are the most generous, consistent, and transparent trading rewards available anywhere.

 

In addition to these already plentiful rewards, clients can also expect to receive additional rewards on a seasonal and/or invitation basis.

 

Customer Service and Security

 

All XM clients have access to friendly customer support from their very first interaction via telephone, email, and live chat. A team of experts speaking over 20 languages is in operation 24/5 to provide assistance however needed. When opening an XM account, all clients are assigned a dedicated Account Manager for a more personal customer service experience.

 

Safety of client funds is of great importance at XM, as the broker recognizes that this is a top priority for investors. This is why XM takes all possible measures to safeguard client funds, including the use of segregated accounts with only top-tier investment grade banks, ensuring that client funds cannot be used for other business purposes. The company is also a member of the Investor Compensation Fund which insures all retail clients' deposits up to the amount of 20,000 EUR in the unlikely event of insolvency.

 

A final security feature of all trading accounts that has been offered by XM for years, is negative balance protection. This is a critical feature that protects traders from losing more than their invested capital.

 

Conclusions

 

XM maintains a unique approach to client relations with frequent visits to multiple global destinations, bridging the gap between client and broker. The senior management often travels to meet with clients and partners, viewing this as a vital practice. Not only are they able to meet with people on a personal face to face basis, but they are able to acquire direct feedback from the people that matter most.

 

XM provides its traders with the tools to succeed in the world's most liquid marketplace. This is delivered through free educational material, trading tools, forex signals, and frequent training webinars and seminars.

 

It is clear to see why XM is the brokerage of choice for hundreds of thousands of traders around the world. They continue to adapt to changes in the market and client demands to ensure that they remain at the forefront of the industry.

Visit XM.com

User Reviews (1)

  • Biggest scam ever. I fell right in their trap when I signed up and a guy named Alexandro called me up right away pushing me to make a deposit. So I started with $2000 deposit and later on I was trying to match the graphs they were using with reuters. I think they are doing something with the graphs so they can make me lose all my trades. This shit is looks like its launched any months ago according to the domain and I went ahead to my lawyer to contact this site owner. Fuck off!

    Mirid Dyan
    2015-03-08

  Add Review

  Broker Preview

Copyright © 2018 TopForexBroker.net - All rights reserved.