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XM Forex Review and should I trade with XM ?

Getting to know a certain broker by a decent and detailed review is the best way to make up your mind and decide whether it is suitable for you.
There are many things you need to consider, but when you have all the necessary data in front of you, it becomes easy and quickly.
What we can promise you is to provide you all the latest information about the broker we analyze.
Today, we do the same thing with XM broker. Check out our authentic XM review now and see whether it can be your next Forex platform to discover now!
1. About XM Forex and should I trade with XM ?

We always begin our Forex broker reviews with some preliminary information and overview as to the company and history. XM, itself is a Forex broker that is owned by Trading Point of Financial Instruments Company. As most of today’s popular brokers, this one is based in Cyprus, too. The local official regulator – CYSEC – is the provider of an official license for the trading platform and meanwhile, alongside with European Union, it secures the transparency and money laundry prevention programs. Thus, XM hides no risk to personal data and money customers provide in the system.

XM is a prestigious broker to operate in Forex and with CFDs on stocks, commodities and stock indices. Although it is relatively young since it was founded in 2009, it has grown at a dizzying pace, having surpassed half a million customers worldwide in 2018. Therefore, it has become one of the most famous trading brokers in the sector.

2. XM Trading Platform:

MT4/MT5 Terminal – You are probably very well versed with the most popular and most used Forex trading platform in the world that being the MT4/MT5 trading platform. If so, then you will be pleased to learn that you will be able to use that trading platform as soon as you sign up and become a trader at XM Group. You can use it as a no risk trader via a demo trading account or as a real money trader.

Mac MT4 – Mac users are often overlooks by many Forex Brokers. However, you will never be overlooked at XM Group as they have available a Mac compatible trading platform which is aptly known as their Mac MT4 trading platform. This platform comes with all of the exact same features as the standard MT4 trading platform so you will never have to make any compromises when using it!

MT4 Multi Terminal – You should also take a look over the MT4 Multi Terminal trading platform offered at XM Group as many traders prefer using this trading platform as they can access and use it on several different devices they own or have access to.

WebTrader 4 – Being able to access a trading platform no matter where you are when you wish to place one or more currencies pairings is something that you will be able to do at XM Group and the way to place those trades is to utilize the Web Trader 4 platform, the full details of which can be found on the XM Group website.

iPad Trader – If you have an iPad and wish to start trading currency pairing son that device them make use you test out the iPad Trader Platform which you will find very easy to use and one which comes with a whole host of option settings which you can utilize to tailor your own trading sessions.

iPhone Trader – The iPhone trading platform on offer at XM Group is a state of the art piece of kit which you download directly onto your iPhone. You will find it comes packed with option setting so you can tailor your own trading session any time you wish to place a trade from anywhere you are.

Droid Trader – One of the most used mobile trading platforms offered by XM Group is of course their Droid Trader platform, as the name does imply this trading platform is fully compatible with absolutely any mobile device which has the Android trading platform attached to it.

Mobile Trader – If you own any type of kind of mobile device which has the windows operating system on it the this is the platform you should use, it is highly configurable and is very easy to use.

 3. DEPOSITS AND WITHDRAWALS:

Here are all the available payment methods at XM broker:

  • Visa/Visa/Matercard.
  • Electronic Payment: Neteller/ Skrill/ Perfectmoney/ WebMoney/ Fasapay ….
  • Local Bank Transfer/ Bank Wire Transfer.

4. XM Trading Account Types:

4.1 Micro Account:

  • Base Currency Options: USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Leverage: 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Spread on all majors: As Low as 1 Pip
  • Minimum Deposit: $5

4.1 Standard Account:

  • Base Currency Options:  USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Leverage: 1:1 to 1:888 ($5 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Spread on all majors: As Low as 1 Pip
  • Minimum Deposit: $5

4.1 XM Zero Account:

  • Base Currency Options: USD, EUR, JPY
  • Leverage: 1:1 to 1:500 ($100 – $20,000), 1:1 to 1:200 ($20,001 – $100,000), 1:1 to 1:100 ($100,001 +)
  • Spread on all majors: As Low as 0 Pips
  • Minimum Deposit: $100

The figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.

You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.
Open A Demo Account

5. XM Customer Support:

Apart from offering a vast variety of accounts to choose from, and if you get lost in its great platform, you will not be alone during this whole process since you have a support team that is willing to help you in whatever you need, you can contact them through their website:  https://www.XM.com/support

They even have an educational section to instruct you in everything that has to do with the financial world. This platform gives you the opportunity to feed your knowledge through tutorial videos and direct communication with the team.

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19 Comments

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