XM is a globally recognized CFD and forex broker known for its extensive range of currency pairs available for trading. Regulated by Australia's ASIC, CySEC of Cyprus, and the Belize authority IFSC.
XM offers low stock CFD and withdrawal fees. The broker provides a user-friendly account opening process, along with a variety of educational tools such as webinars and demo accounts. While XM excels in research content and educational resources, it has a limited product portfolio focused mainly on CFDs and forex trading.
With average fees for forex and stock index CFDs, XM stands out for its low stock CFD fees, low inactivity fees, and a transparent fee structure. Overall, XM is a trusted broker with a strong emphasis on education and research, making it a popular choice for traders globally
Promotions and Bonuses
XM now offers a two-tier bonus on your deposit, which is combined to give you a considerable $5,000 on top of your investment amount, giving you the ability to start trading with more capital.
*Instant credit on your deposit
*Applied to deposits from just $5
*Available for MT4 and MT5 accounts
*Non-withdrawable bonus
*XM Ultra Low account is not eligible to receive deposit bonuses.
Trading on an XM real account gives you the ability to earn credit bonuses when converting XM Points that are awarded on every lot you trade. Additionally, we also offer you seasonal trading bonuses that will be available for very limited periods of time, and highly exclusive trading bonuses that are available on an invitation-only basis.
The XM Loyalty Program offers you the ability to earn XM Points (XMP) as you trade, with the ratio of XMP per trade increasing with each Loyalty level upgrade. There are four Loyalty levels in total: Executive, Gold, Diamond, and Elite.
Trading Details
Additional Detail
Fees and Spreads
The fees and spreads in XM forex broker vary depending on the type of account and the financial instrument being traded. XM offers several types of accounts, including Micro, Standard, and XM Zero accounts, each with different trading conditions and fees.
Micro Account: floating spreads starting from 1 pip, no commissions
Standard account: floating spreads starting from 1 pip, no commissions
All the account types doesn’t charge any commission except Shares Account
In addition to the above, XM also charges an inactivity fee of $5 per month if there is no activity on the account for 90 days.
Education and Research
Webinars
XM offers regular live webinars on various trading topics, including technical analysis, fundamental analysis, and trading strategies. These webinars are free for XM clients and are conducted by market experts.
Video Tutorials
XM offers a library of video tutorials that cover a wide range of trading topics, including forex trading basics, technical analysis, and trading strategies. These tutorials are available for free on the XM website and can be accessed by both XM clients and non-clients.
Trading Tools
XM offers a variety of trading tools, including calculators, economic calendars, and trading signals. These tools can help traders make informed trading decisions and stay up-to-date on market events.
Forex Seminars
XM hosts forex seminars in various countries around the world. These seminars are led by market experts and cover a range of trading topics, including technical analysis, trading psychology, and risk management.
Forex E-books
XM offers free e-books on various trading topics, including technical analysis, trading psychology, and risk management. These e-books are available for download on the XM website.
Customer Support
1. Live Chat: XM provides 24/5 live chat support for its clients. Traders can access the live chat service by clicking on the ‘Live Chat’ button on the website or through the trading platform.
2. Phone Support: XM offers phone support in multiple languages. Traders can find the phone numbers for their specific region on the ‘Contact Us’ page of the website.
3. Email Support: Traders can contact XM’s support team via email. They can fill out a contact form on the website or send an email to support@xm.com.
4. Knowledge Base: XM provides a comprehensive knowledge base on their website, which includes frequently asked questions, video tutorials, trading glossaries, and other educational resources.
5. Social Media: XM maintains an active presence on various social media platforms, including Facebook, Twitter, Instagram, YouTube, and LinkedIn. Traders can follow or subscribe to their channels to get updates on market news, trading tips, and educational resources.
Advantage of XM
- Minimum deposit as low as $5
- Non deposit bonus – $50
- Deposit bonus – $5000
- High leverage 1:1000 with 40k equity
- Each client will be assigned with own account manager upon registered
- Negative balance protection
- No re-quotes, no rejection of orders
- Fast withdrawal with no extra fees
- High transparency on platform
- Helpful customer support
- Constant trading competition
Advantage of Copy Trade
- Profit sharing up to 50%
- Able to use a password to lock a strategy and allow access to only certain customers of your choosing.
- Can follow unlimited strategies
- Up to 10 Strategy Manager Accounts + 1 investor account
- Can choose to become a strategy provider or investors
- Leverage of up to 1:500 for strategy manager, 1:300 for investor
- Investors are able to select the multiplier as they wish, in order to copy trade based on their own risk management
- Diversify the instrument for copy trade
Comments
Impressed by the fast and hassle-free withdrawal process at XM. I received my funds within 24 hours.