XM Review

Regulated By: CySEC, IFSC, ASIC

Headquarters: Belize, Australia, Cyprus

Ranking: 3

Spread: 0.0 pips (EURUSD)

Leverage: 888:1*

Minimum Deposit: $5

*This Leverage does not apply to all
the entities of the XM Group. Leverage depends on the financial instrument traded

XM Review & Author's Comment

Is XM reliable? XM spreads, XM regulation, XM account types. I am going to clarify all those topics in this XM review. Keep reading. You have probably seen ads of XM all over the internet. It doesn’t matter whether it is a finance site or cooking recipes site, XM’s ad is going to be bothering you. So the company is a big one and apparently has lots of money. They are very proud of being Usain Bolt’s official sponsor.

I believe that XM is among the most professional and respected brokers in the industry. Fast execution, generous bonuses, regulated by very respected watchdogs, transparent, reliable, great daily analysis material, extensive educational content, nano account option and customer support in more than twenty languages. Add around ten years of investment services experience to those features and XM becomes a real gem in an industry where a new scam company appears every day. Therefore XM is one of my favorite forex brokers and where I do majority of my trades.

Is XM reliable?

The short answer is “Yes, XM is a reliable forex broker.” XM is regulated by CySEC in Cyprus, ASIC in Australia and IFSC in Belize. Those are some of the most respected and strict financial authorities in the world. Forex brokers regulated by CySEC are obliged to keep client funds in segregated accounts which means that even if the Broker goes bankrupt, the clients’ funds are safeguarded in different bank accounts and clients can get their money back from those accounts.

XM Account Types

XM Group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.

* XM Ultra Low account is not applicable to all entities of the Group. Account availability depends on the client’s country of residency.

XM Customer Support

XM offers customer support in more than twenty languages; Arabic, Bulgarian, Chinese, Czech, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Iranian, Japanese, Korean, Malaysian, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Turkish, Urdu. Live Chat is available for 24 hours. The agents are very helpful and supportive. The Broker web site comes with an extensive Research and Education page where you can find daily market analysis, analysis tools, educational videos and tutorials.

XM Trading Platforms

Both MetaTrader 4 and MetaTrader 5 are offered by XM to its clients. MetaTrader is preferred by many forex traders because it is easy to use and allows traders to trade with built-in and self-made automated systems. Further, MetaTrader comes with more than thirty technical indicators which would help traders to make high odd trades.

XM Withdrawal and Deposit Methods

XM puts more than ten methods of deposit and withdrawal under disposal of its clients. In addition to international bank transfer and credit card which has become industry standards as deposit and withdrawal methods, XM clients can use various other methods such as Neteller, Skrill, UnionPay, Web Money, iDeal, Moneybookers, MoneyGram, Sofort and Western Union.

One important detail which makes XM even more favorable is that the Broker covers international wire transfer commission of its own part which considerably reduces the withdrawal cost.

XM Trading 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.

XM Bonus and Promotions

  • $30 Trading Bonus – This is a non-withdrawable bonus only available to new clients. The best thing is that you dont have to deposit money into your account in order to be able to become eligble for this bonus and All profits that you earned can be withdrawn.
  • 50% Deposit Bonus – Your account is instantly credited 50% of the amount you deposited. This bonus works for the amounts up to $500 or equivalent.
  • 20% Deposit Bonus – Your account is instantly credited 20% of the amount you deposited. This bonus works for the amounts up to $4500 or equivalent.
  • Zero Fees on Deposits & Withdrawals – XM covers all the commission and fees for your deposits and withdrawals. All e-wallets – 100% covered; all major credit cards – 100% covered; wire transfers above 200 USD covered.

*Clients registered under Trading Point of Financial Instruments Ltd are not eligible for the bonuses.

XM Review Final Word

Being founded in 2009, XM has the essential experience and services to provide traders a secure, state of the art and convenient trading environment. The Broker is regulated by three major watchdogs of the industry and financially very strong. I recommend XM to traders with any experience level without any hesitation.


Broker Detail
Adress: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus, Level 13, 333 George Street Sydney, NSW 2000, Australia and No.5 Cork Street, Belize City, Belize, C.A
Phone: +357 25029933, +612 8607 8385 and +501 223-6696
Web:

https://www.xm.com

E-Mail: support@xm.com
Regulator: CySEC (license number 120/10), ASiC (number 443670) and IFSC (IFSC/60/354/TS/19)
2009
Instruments
Forex CFDs:
Precious Metals CFDs:
Energy CFDs:
Commodities CFDs:
Indices CFDs:
CFDs:
Stocks CFDs:
ETFs:
Bonds:
Options:
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, Neteller, Skrill, UnionPay, Web Money, iDeal, Moneybookers, MoneyGram, Sofort, Western Union
Withdrawal Methods: Wire Transfer, Credit Card, Neteller, Skrill, UnionPay, Web Money, iDeal, Moneybookers, MoneyGram, Sofort, Western Union
Customer Services
Live Chat:
24 Hours Support:
Languages: Arabic, Bulgarian, Chinese, Czech, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Iranian, Japanese, Korean, Malaysian, Polish, Portuguese, Romanian, Russian, Spanish, Thai, Turkish, Urdu
Platforms
Supported Platforms: Metatrader 4, Metatrader 5
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 888:1
Spreads: As low as 0.0 for EURUSD at Zero account
Minimum Deposit: $5
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Bonus

1) $30 Trading Bonus. This is a non-withdrawable bonus only available to new clients. The best thing is that you dont have to deposit money into your account in order to be able to become eligble for this bonus and All profits that you earned can be withdrawn.

2) 50% Deposit Bonus - Your account is instantly credited 50% of the amount you deposited. This bonus works for the amounts up to $500 or equivalent.

3) 20% Deposit Bonus - Your account is instantly credited 20% of the amount you deposited. This bonus works for the amounts up to $4500 or equivalent.

4) Zero Fees on Deposits & Withdrawals - XM covers all the commission and fees for your deposits and withdrawals. All e-wallets - 100% covered; all major credit cards - 100% covered; wire transfers above 200 USD covered.


XM Review

XM Review
  • 8.7/10
    Reliability - 8.7/10
  • 8.5/10
    Deposit & Withdrawal - 8.5/10
  • 10/10
    Bonus - 10/10
  • 10/10
    Customer Support - 10/10
  • 8.5/10
    Overall Trading Conditions - 8.5/10
9.1/10

Summary

Regulated by three reputable forex regulators. Pays withdrawal fee on its side. Generous bonus and promotions. Great customer support in many languages.