XM Review
This XM.com forex broker review shows that XM is a reputable ASIC, CySEC, and FSP-regulated broker. Traders can get up to a $5000 trading bonus and trade indices, gold, oil, stocks, and various currency pairs. XM offers low withdrawal fees and a $30 free no deposit required deposit bonus.
Please see my XM Review youtube video:
XM.com is a foreign exchange broker providing online trading services worldwide. Founded in 2009, XM has grown to become one of the largest brokers in the world and is trusted by millions of traders. The broker’s services cover everything from beginner to advanced traders and are available on desktop, web, mobile, tablet, and social media platforms.
XM offers its clients access to over 1000 financial markets, including currency pairs (CFD), indices, commodities, stocks, and cryptocurrencies. Clients can also choose from numerous order execution methods, such as market execution, instant execution, and exchange-traded funds (ETFs). All transactions are backed by negative balance protection, so traders don’t have to worry about running out of capital during extended periods of drawdown or volatility.
Regarding safety and security, XM holds several licenses from respected regulatory bodies, including IFSC Belize and CySEC Cyprus. All clients’ funds are held in separate accounts managed by reputable banks in Europe and Australia, ensuring that client’s money is safe at all times. Furthermore, XM maintains physical offices in more than ten countries worldwide where customers can go for help with any queries.
Concerning trading tools, XM offers a wide variety of options for both manual and automated trading. These include access to MetaTrader4 (MT4) & MetaTrader5 (MT5) platforms and copy trading through the MyFXBook Social Trading platform, which features real-time data analysis and news feeds from leading providers such as Dow Jones & Reuters, among others. XM also provides users with powerful charting packages like Autochartist, which can help identify emerging trade opportunities faster than ever.
Regarding customer support services, XM offers 24/7 live chat with multilingual advisors who are always happy to answer questions or provide assistance with any issues you may have. There are also phone numbers in many countries around the world where you can contact customer service agents directly and email addresses for inquiries or complaints if necessary.
Finally, when it comes to bonuses and promotions offered by XM, there are plenty of options for both new and existing customers. These include deposit bonuses up to $5000, depending on your account type, and other rewards, such as cashback bonuses for loyal members who make consistent deposits into their accounts over time. In addition to these incentives, members may also be eligible for loyalty points which can be exchanged for additional trading resources such as signals or books if desired.
My opinion
I was an XM user even when this website was Xe Markets. XM Xemarkets broker changed the old domain Xemarkets.com to a new one, xm.com, a few years ago. Some old websites still write about Xemarkets.
XM is an organized broker. You always know when the payment will be, and what are the brokerage news. The platform is unusual for traders and IBs.
For example, this is my payment dashboard:
XM.com is known for its great welcome and loyalty bonuses, its changeable spreads, and the choice of either narrow or wide leverage, allowing traders to customize their experience as much as possible. We carried out extensive testing of xm.com to compile this review. Read on to learn about their services and whether xm.com suits you.
XM bonus review
XM forex broker offers a 100% bonus of up to $50000Â for all traders who trade for the first time. Additionally, first-time traders can try a $30 no-deposit required free bonus and test real live account trading without the risk.
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Special promotion – XM account bonus
XM bonus account: Get a 100% Bonus of up to $5000.This forex promotion is valid for all deposit clients, old and new.
General Information
Maximal leverage ratio: 1:500
Minimal deposit: No
Minimum lot volume: 1,000
Languages available are Russian, English, Chinese, Spanish, Arabic, Hungarian, French, German, Indonesian, Danish, Italian, Japanese, Dutch, Malay, Italian, Greek, Indonesian, Dutch, Swedish, and Turkish.
Regulation: ASIC, CySEC, FSP
Trading Platforms: XM MT4, MAC, WEB TRADER, MULTITERMINAL, IPHONE, IPAD, ANDROID
XM Broker Time Zone: GMT+2
The most used platform is MT4, a platform used and appreciated by numerous forex traders worldwide. The MT4 platform is noted to choose market indicators and charting tools provided by the platform and its clear-cut interface and convenient implementation styles. It is also available in twenty languages.
While reviewing xm.com, we checked the firm’s MetaTrade4 and found this to be working fine. As promised, we didn’t experience re-quotes as we had with other forex brokers.
XM MetaTrader 4 windows version you can download here: MT4 / MT5 Platforms
XM.com video tips :
See how to open a trading account at XM.com forex broker:
Forex XM mt4 Platforms
XM bids a concrete mixture of exchanging stages, from MetaTrader to the natural XM trading post. The MetaTrader 4 stage accompanies Live Feeds for News and with broad support. XM, as of now, offers six diverse electronic exchange steps; the customers may utilize them.
- XM MetaTrader 4, third gathering programming with the master consultant
- XM WebTrader 4, third gathering programming for web exchanging
- Â XM MetaTrader 4 Multi-terminal
- XM MetaTrader 4 for Mac, the port of Meta Trader 4 for Mac OS X
XM mt4 vs. mt5 platform: XM forex broker offers an MT5 platform. There are no significant differences between these two platforms because major forex, stocks, indexes, and critical financial instruments are on both platforms.
There is an XM.com Android application :
Please see how to use the Mobile Trader app – How to use the MT4 Android Phone Application Video:
XM deposit and withdrawal methods
XM offers various deposit and withdrawal payment options. XM deposit and withdrawal methods include credit card, bank wire, Skrill, Neteller, and electronic payment.
XM broker features
Xm.com provides many unique features and other exciting plans in the pipeline that are expected to be introduced shortly. So, for beginners, xm.com has some of the highest welcome bonuses obtainable, alongside some generous loyalty bonuses, including a twenty percent welcome bonus and a ten percent bonus on all subsequent deposits. They also advertise the service of a managed account that, while not yet available, guarantees to be popular with traders looking for professional assistance in managing their accounts. Very few forex brokers currently offer this type of service.
Here you can see how to place orders in the XM mt4 platform if you are a beginner trader:
XM Customer Service
xm.com provides customers with various contact methods, including the ability to request a call-back, get live chat support, and forward e-mails to specific departments, ensuring you reach the right people. Customers can also call the firm directly at their base in Cyprus or use one of the many different contact numbers provided on the XEMarkets website, should they know where their call is directed.
We tested xm.com live chat support several times and were consistently impressed by the respondent’s professionalism and reply speed. Both general and technical inquiries were managed with thoughtfulness and care.
The best option is to use a live chat XM forex support center.
We found the e-mail support to be sufficient throughout our review of xm.com. Responses were to the point and received within the six-hour time frame.
XM zero spread account review
XM offers a zero spread account tight spread account, and the name of this account is XM zero. XM zero account minimum deposit is $50. However, although the spread is almost zero, the commission for the XM Zero Account is $3.5 per $100,000 traded.
They have an impressive number of 37 feature instructional exercises, webinars in 12 dialects, and classes held everywhere. Another merchant has a long way to go by going to this agent.
XM Software Information
To fulfill the audience`s inclinations, XM Forex exchanging site gives the accompanying programming renditions. The additional alternative of the XM MAM Trader provides the merchant with risk multiple accounts with an interim administration highlight. In this way, any new or master Forex merchant will have the capacity to reserve/resource without hardly lifting a finger.
The individuals who need to exchange progressing will likewise be satisfied to overhear that the financier offers a scope of portable exchanging applications that permit customers to screen, oversee, and open spots anywhere they are. At present, XM gives mobile exchange applications good with the more significant part of Smartphone gadgets. The scope of stages obtainable by XM is excellent and ought to be sufficient to fulfill the lion’s share of merchants.
The product sorts that XM uses are all dependable and permitted. Coincidentally, we must include that the peril foundations authoritatively manage the XM stage in the European Union, so you are, without a doubt, in a protected spot here. You must consider the interface; why pick a legitimate Forex intermediary? XM has a lot of hotshots here, as well. Look at it yourself.
XM broker registration
XM broker’s registration starts using the simple form. Later, traders must enter many details, such as an address, employment status, and average income, and adequately send verification documents.
Even beginners to forex will find the xm.com website quick and easy to navigate. All information is provided in a simple, easy-to-understand way. The registration process was straightforward, although it should be noted that the registration form must be completed in English while the firm works in many different languages. Registering with the site took only a few minutes.
Deposits and withdrawals can be made by credit cards and are not subject to any fees or commissions. Accepted credit cards include MasterCard, Visa, Diners Club, Switch, and Solo. xm.com also accepts deposits and withdrawals via Neteller, wire transfer, and MoneyBookers, services that carry a small fee. Regardless, xm.com does not charge customers for using these services.
Ending Thoughts
Although we only spent a few weeks reviewing xm.com, we were incredibly impressed with the consistent quality of service experienced throughout that time. Like other forex brokers, xm.com remains supportive and helpful throughout the trading process.
Overall, XM is an excellent choice for almost any type of trader due to its high-quality services, competitive prices, and tight spreads across multiple asset classes, making it one of the best brokers in the industry today! Its user-friendly tools and top-notch customer support make it an ideal option for those looking to get started in forex trading regardless of experience level or budget constraints!
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
