XM Review

XM

6.8

Assets choice

5.8/10

Performance

8.5/10

Deposits & Withdrawals

8.8/10

Client support

7.7/10

Pricing

3.3/10

Pros

  • various accounts types
  • CFDs trading
  • nice spreads
  • good performance

Cons

  • less deposit/withdrawal methods
  • not too much pairs
  • not 24/7 support
  • market-makers
  • too much advertising

XM company was established in 2009. They offer major financial instruments (over 55 currency pairs, precious metals, energies, indices and cryptocurrencies) along with excellent conditions. XM is the trading name of Trading Point Holdings Ltd.

Regulation. XM is regulated by the FCA in the UK, CySEC in Cyprus, ASIC in Australia. The main office of the company is located in London. The broker is authorized by AFM, BaFin, FIN, CNMV and FI.

Trading accounts XM

Micro.It allows operating with micro lots, and has minimum initial deposit of 5 USD. Spread starts from 1 pip on all majors. The minimum trade volume is 0.1. No commission fee.

Standard. Allows you to operate with standard lots. The minimum deposit for opening an account is 5 USD. Spread starts from 1 pip on all majors. The minimum trade volume is 0.01. No commission fee.

XM Zero. This account provides lower spreads starting at 0 pips. The minimum trade volume is 0.01. The minimum deposit for opening an account is 100 USD. There is a commission.

At XM clients can use leverage up to 30:1 depending on the instrument.

Trading platforms

The XM clients can choose MetaTrader 4 and MetaTrader 5 for trading. There are mobile apps of trading platforms for iOS and Android-based mobile devices, as well as web-platforms. Web-based platforms give traders an opportunity to be always aware of what is happening in the markets. The trader just needs access to the Internet.

Deposit and withdrawal of funds

Traders can use a wide range of options for deposits and withdrawals: credit cards, bank wire transfer, electronic payment systems, local bank transfer.

Additional features

Client support works 24/5. XM offers a free VPS service and zero fees for depositing and withdrawals. For newbies, there is a training section where you can learn a variety of lessons, read technical analysis and economic news, as well as find such tools as forex calculators, signals and economic calendar.