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XM Broker Review

iconiconiconiconicon 5.0

1:1000

$5

0.7

Cyprus, Australia

2009

1:1000

$5

2009

0.7

Cyprus, Australia

Overall

Regulation: CySEC, ASIC, IFSC
Type of broker: Market Maker
U.S. Clients Allowed:
Min. deposit: $5
Max. leverage: 1:1000
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages: English, Spanish, Arabic, German, Indonesian, Portuguese, Vietnamese, French, Thai, Malay
Support Hours: 24/5
E-mail Support:
Live Chat:
Established: 2009
Forex Trading:
CFD Trading:
Payment options: Visa/Mastercard,E-wallet,Crypto,Bank wire
Average spread: 0.7

Review

XM 

XM broker was founded in 2009. The broker, which serves its users in about 30 languages, operates in more than 196 countries. XM is one of the most trusted Regulated Brokers. Headquartered in Cyprus by CySEC, the offices meet global needs. It is authorized in Australia, the United Kingdom, Belize, Greece, as well as in Dubai and the MENA region.

Approximately 1.5 million users choose XM's range of commercial products. XM's advanced trading solutions are suitable for beginners as well as experienced traders.


Comissions and Fees

Trading fees at XM are very low compared to others. XM works with variable spreads and does not impose any restrictions on news releases in trade. 

There are several types of accounts in XM, which differ from each other in terms of price. Accounts classified as Standard, Micro, Ultra Low require higher prevalence. but no commission is required. XM Zero account requires lower spreads than others along with commission.


Depositing

Deposits in XM are divided according to account types. The XM deposit is set at $ 5 for Standard and Micro account types, which you can see when you look at the others. The minimum deposit is set at $ 100 for the XM Zero account type and $ 50 for the XM Ultra-Low account type.


Withdrawal

No withdrawal fee is required at XM. But exceptionally, we can show payments below $ 200. If bank transfers are less than $ 200, then a $ 15 commission is required. The amount withdrawn in the process of withdrawing money on credit/debit cards and electronic wallets (Skrill, Neteller) can not exceed the deposit using the same instrument. This means that you can withdraw your trading profits simply through the bank. As for the time of the withdrawal process in XM, the process of withdrawing money from the debit card takes 2 days.


Customer Support

Customer Service is available only 24/5. The XM team supports customers in several ways:

  • Different Methods of Customer Support
  • Phone Support Available
  • Live Chat Available
  • Email Available
  • Customer Service Available in Different Languages

Education and Research

There are many types of educational resources on the XM platform: XM Live, Live Education, Educational Videos, Forex Webinar, Platform Tutorials, Forex Seminars, Demo Account. Through these resources, both novice and experienced traders can further develop their knowledge of the broker. XM Group has a unique educational resource, which is XM Live. To listen to and answer traders' questions. XM Live also holds daily contests that will give traders a chance to win prizes.


Reliability

As we know, how safe a broker is for users is a very important and questionable question. Users are provided with security to trade on the XM platform.

Two-step authentication is required when accessing an account on the website that you deposit and withdraw from XM. The trading platform itself does not require this two-step authentication.


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