XM Review Introduction

Since it was first launched in 2009, XM, which is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), has solidly built an excellent reputation in the financial world as a trustworthy and well-known forex broker that serves traders all over the world.

As an online trading platform, XM gives access to a wide range of financial instruments, from currencies to commodities, indices, and stocks, whilst also giving buyers a lot of opportunities to take part in many different markets. Not only that, but XM also has different account types for both new and expert traders, so you can choose the one that best fits your needs.

In this comprehensive review, we'll look at many different parts of XM, such as their trading platforms, account types, customer service, and more. By the end of this review, you'll have a good idea of whether XM is the right broker for your forex trading goals.

XM Regulation Details

XM is regulated by CySEC, ASIC, FSC, DFSA and FSCA which are all well-known regulatory authorities, ensuring client security, capital requirements, and transparency.

Traders trust XM because it is regulated by these authorities, which make sure that client funds are kept separate from operational funds and subject the broker to regular audits and monitoring. Additionally, if have any problems or complaints, they can go to the appropriate regulatory groups to get help.

Furthermore, it is important for buyers to learn about the rules that apply to their area and type of account, as rules can be different based on where traders live and what kind of account they have.

Overall, the fact that XM is regulated by reputable authorities evidently shows that it is committed to giving its clients a secure and transparent place to trade.

XM Fees Details

When considering a forex exchange broker like XM, it's important to know how much it will cost to trade. Here's what you need to know about their fees:

Spreads

Spreads are the difference between the prices at which you can buy and sell a currency pair and can change depending on the state of the market, the type of account chosen, and the currency pairs being traded.

At the end of the day, spreads are the main way that traders make money, and when it comes to XM, they have variable spreads that change depending on the trading account picked, providing traders with ample opportunities to profit from.

Commission

Most XM accounts don’t charge commissions, so clients don't have to pay extra fees for each transaction. But there is a small commission fee for each lot sold with the XM Zero Account. To figure out the total costs, it's important to look closely at the different account types and how their commissions are set up.

Inactivity Fee

XM charges an account inactivity fee of $10 per month after 90 days. XM charges no additional fees on deposits or withdrawals except where an amount of less than $200 is moved by wire transfer.

XM Leverage & Margin

Leverage makes it possible for traders to handle bigger positions with less capital, and in the case of XM, the different trading instruments they have, are accompanied by leverage choices. Leverage is up to 1:1000 for XM Global and it depends on the financial instrument traded (maximum leverage is 30:1 for clients registered under EU/AU and MENA regulated entity). In the case of Margin, XM has a relevant portion of its margin requirement which is the amount of money you need to open a CFD position.

Margin is calculated per instrument, and leverage is based on which account leverage and symbol leverage has the lowest number. And even though XM has a margin call strategy and a stop-out level as a way to handle risk, traders should still be careful with debt and use risk management.

XM Bonus Program

XM gives new and current clients different trading bonuses that give them additional capital and confidence. For example, there is a $30 No payment Bonus for new clients who want to start trading without making a down payment.

Existing clients can get a 50% Deposit Bonus up to $500 and an extra 20% Deposit Bonus up to $4,500 through a two-tiered Deposit Bonus program. These bonuses are available for both Micro and Standard accounts, and clients' trading accounts can get them immediately.

*This program applies to specific entities in the XM Group.

XM Loyalty Program

XM awards customers who choose and remain with their services because they value their loyalty. By joining XM's loyalty program, customers can get endless loyalty rewards and trade with greater funds, which can lead to better trading results.

The loyalty program consists of the following:

• 4 Loyalty statuses that are regularly updated
• Clients are provided with a sense of progression and benefits
• Credit bonuses

As a client moves up their loyalty levels, they earn more XM Points, which they can use to improve their trading experience.

*This program applies to specific entities in the XM Group.

XM Refer a Friend Program

The Refer a Friend Program at XM is a way to show clients how much they are appreciated for their trust and loyalty. How it works is that when a client brings a friend to the business, they are given funds that they can take out or use to increase their trade capital, and the more recommendations clients bring the more rewards they get, which is good for both the company and its clients.

And, in case you are wondering about the referral pricing:

• $80 for each friend if you refer 1-15 friends
• $100 for each friend if you refer 16-30 friends
• $150 for each friend if you refer 30+ friends

*This program applies to specific entities in the XM Group.

XM Partner Program

XM shows its partners how much it appreciates their hard work in promoting the business by giving them points based on how much their suggested client's trade. With XM's partner program, you can use these points to get cash rewards or other rewards, and has more points are won, the value of each point goes up, effectively giving affiliates a reason to promote the business and bring in more customers.

Through client trading and recommendations, the partner program gives you the chance to make more profit.

Partners have the privilege of making these claims:

• Earn more for referrals and client trading activity
• Claim unlimited cash rewards
• Regular promotions that multiply generated points
• Higher commission on selected instruments

By giving partners attractive rewards and bonuses, XM makes sure they always have a reason to grow their network and bring more people into the business.

*This program applies to specific entities in the XM Group.

XM Deposit and Withdrawal Methods

XM lets its clients choose from more than 10 transfer currencies and more than 30 payment ways that are accepted around the world, which makes managing funds easy and flexible, as traders can choose the payment method that works best for them. Please note that deposit and withdrawal methods vary based on client location.

At XM, clients can choose which currency they want to use as their account base. This lets them deal in the currency they prefer, and it also gets rid of the need to pay fees for changing currencies and makes dealing easier. Furthermore, XM offers free wire transfers for amounts over $200, making it easy for traders to gain access to their money without spending a lot.

Overall, XM's many payment options and customer-friendly features show that they care most about making it easy for Forex traders to make deposits and withdrawals, since in a nutshell, having a variety of payment choices for traders to utilize makes things easier and more accessible, eventually making trading a good experience.

XM Trading Platforms Details

XM's most famous trading platforms are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Traders can use several tools and features on these sites to improve their investment experience. Let's take a closer look at what these platforms have to offer.

Multiple Order Types

There are different kinds of orders that traders can use, such as market orders, future orders, and stop orders. This gives them the freedom to use different trading methods and tactics based on their needs and the state of the market.

In a brief summary, market orders are filled right away at the current market price while pending orders let buyers choose when to buy and sell, and stop orders help manage risk by placing an order when the price reaches a certain amount.

Real-Time Price Quotes

Real-time prices are important for making smart trading decisions because they let investors get into or get out of situations at the prices they want. This is exactly why XM's platforms give traders access to accurate and up-to-date information about the prices of financial goods through real-time price quotes.

Trading Alerts and Notifications

Traders can even set up their own alerts and messages on the platforms, which can be based on certain situations, price levels, or technical indicators. Even when they aren't actively watching the markets, buyers can stay up to date on market changes and possible trading chances by getting timely notifications.

One-Click Trading

XM’s platforms have a one-click trading feature that lets traders make deals quickly and easily with just one click. This feature is especially helpful for buyers who want to take advantage of markets that change quickly or investing chances that only last briefly. With one-click trading, investors can quickly join or leave positions, reducing the chance of slippage and making sure trades are executed on time.

Expert Advisors (EAs)

Expert Advisors, which are also known as EAs, are pieces of software that automate trading methods based on rules that have already been set and can be used on XM's trading systems. Traders can make their own EAs or use ones that already exist to make deals automatically without having to do anything themselves. This feature lets speculators use their chosen investing strategies consistently and well, even when they are not actively watching the markets.

Secure Trading Environment

Both the MT4 and MT5 platforms used by XM put security of client information and transfers at the top of their list of priorities. To achieve that, advanced encryption methods are used by the platforms to protect private data and make sure that investing is safe. This dedication to security gives buyers peace of mind because they know that their personal information and trading activities are safe from being accessed by people who shouldn't be able to.

XM Trading Assets Details

XM provides traders with a wide range of financial products from different asset classes, giving them a lot of ways to take part in different markets. The following key trading items are part of the platform:

• Forex Trading:Traders can choose from a wide range of currency pairs, such as major, minor, and unusual pairs, to bet on the movement of exchange rates and profit on the global currency markets.
• *Cryptocurrencies CFDs: XM offers a diverse range of over 50 Cryptocurrencies CFDs symbols, providing traders with a wide selection to choose from. Among these offerings are popular cryptocurrencies CFDs like Bitcoin Gold (BTGUSD) and Ethereum Bitcoin (ETHBTC). The platform allows clients to engage in both buying and selling activities.
• Stocks: Contracts for Difference (CFDs) on individual stocks from major exchanges around the world can be traded on XM. This lets buyers bet on price changes without owning the actual shares.
• Commodities: Traders can buy and sell commodities like precious metals like gold and silver, energy resources like crude oil and natural gas, and farm goods like wheat and corn.
• Equity Indices: XM gives access to a wide range of stock indices, which they can use to make predictions about how certain markets or sectors will do as a whole.
• Precious Metals:Traders can buy and sell valuable metals like gold and silver. These metals are often thought of as safe investments when the market is unstable.
• Energies:Energy assets, such as crude oil and natural gas, can be traded through XM. These assets are affected by world economic and political events.

With so many CFD instruments to choose from, XM gives traders the chance to diversify their portfolios and take advantage of multiple market opportunities.

*Cryptocurrencies CFDs are not available for clients registered under CySEC, ASIC, and MENA entities.

Trading Accounts

XM has many different trading accounts for people with different levels of knowledge and different ways of investing. Let's look at the types of accounts they offer:

• Micro Account: Made for new traders or traders who like to make smaller trades. It lets you trade with micro-lots, which are equal to 1,000 units of the base currency. Buyers can use the XM platform, which gives them access to all trading assets, competitive spreads, and a range of leverage choices:

• Standard Account: This account gives you access to a wide range of assets. It is the best option for traders who like standard contract amounts and traditional trading conditions. Clients can use both normal lots (100,000 units of the base currency) and micro-lots. When using this account, spreads are competitive, and there are different ways to use leverage.
• XM Ultra Low Accounts: These accounts (Ultra Low Micro and Ultra Low Standard) target traders who want small spreads and low trading costs, as they offer very competitive spreads on major currency pairs and lower fees. They are also designed for clients who trade frequently or who use methods like "scalping" that need narrow spreads.
• XM Shares Account: Made for dealing Contracts for Difference (CFDs) on individual stocks, of which traders can buy and sell a wide range from stock exchanges around the world. Clients can also benefit from competitive trading conditions, market performance in real time, and the chance to make money if they correctly predict the direction of their traded instruments.
• XM Zero Account: has spreads as low as 0 pips and is made for experienced users who need direct market access (DMA) and high liquidity, though a small commission is paid for each lot that is sold. This type of account is good for traders who want tight spreads, quick order processing, and more trading options.
• Demo Account: XM also gives new traders a risk-free way to learn forex trading with a free demo account, since such accounts give new users a safe place to learn and gain experience without putting their own money at risk.

SPECIFICATIONS:

XM EU:

XM Global:

With these different account choices, XM meets the different needs and preferences of traders and makes sure that traders from diverse backgrounds and with different trading strategies can trade in a hospitable environment.

XM Education & Research

XM is committed to providing traders with research and learning tools to help them learn more about trading and get better at it.

Let's look at what they have to offer in terms of research and learning:

Research

XM offers traders a wide range of learning resources and tools to help them stay up to date on the markets and make informed trading decisions.

Here are some of the options for research:

• Market Overview: Traders can get a quick summary of the general market conditions, including the biggest market movers, the most important economic events, and important news updates.
• XM Research: Traders can get market insights, technical analysis, and trading methods from XM's team of experts.
• Trade Ideas:XM offers the latest trading signals and real-time trading ideas, plus currency signals, buy and sell indicators and global market signals.
• Technical Summaries: Based on technical analyses, XM offers technical summaries that focus on chart patterns, key technical signs, and price levels, ultimately helping traders find possible entry and exit spots.
• Economic Calendar:XM's economic calendar lets traders know about important economic events like central bank news, economic indicators, and political events. This tool shows traders the dates, times, and estimated effects of upcoming events, which helps them plan their trading strategies.
• XM TV: XM has a video channel that covers different market-related topics, such as market analysis, trading methods, and interviews with experts in the field. Traders can use XM TV to get the latest news and information about the market.
• Podcast: XM has podcasts that give market research, trading tips, and interviews with people who know a lot about the market. These audio tools give traders another way to get information while they're on the go.

Learning Center

XM puts a lot of emphasis on trader education and offers a wide range of learning tools and resources to help traders become better.

Here are the opportunities to learn:

• XM Live: An opportunity to join the action-packed live sessions led by seasoned experts, unlocking the secrets of market analysis, trading strategies, and risk management.
• Live Education Schedule: Traders can discover their path to success with an exclusive list of upcoming live education classes, allowing them to choose and attend the sessions that ignite their individual curiosity and trading needs.
• Educational videos: A video series that covers all of the various aspects of trading. Traders can go from an Introduction to the Financial Markets to the understanding of both Fundamental and Technical Analysis and even the critical but underrated aspect of Trading Psychology. They can follow video to video and ultimately cover it all.
• Forex & CFDs Webinars:Traders can schedule their attendance to attend a variety of Forex and CFD webinars in a language of their preference. An additional educational bonus that allows traders to expand their trading skills.
• Platform Tutorials:Ideal for beginner traders and a great refresher for those who are advanced. Short, to the point videos that guide traders around the different platform tools and features.

Customer Support

XM is committed to offering reliable and easy-to-reach customer service to help users with their questions and problems. Here is a summary of their customer service:

Multilingual Support

XM's customer service is available in multiple languages, so it can effectively help traders around the world and actively make it easier for them to connect and get assistance in the preferred language.

Contact Channels

Traders can contact XM's customer service team in several ways, such as:

• Live Chat: Clients can get real-time help through live chat support on the website, Members area and Mobile app.
• Instant messaging apps: XM recently added messaging apps as communication channel with customer experience team in various languages.
• Email Support: They can send their questions or concerns to XM's dedicated email support team, and they will get an answer quickly.
• Phone Support: XM has separate phone lines for different regions so that clients can talk directly to a customer service representative.
• 24/7 Support: XM's Customer experience is available 24/7*.

*24/5 Customer Support for the EU-regulated entity.

XM Risk Warning

CFDs are complex products and are not suitable for inexperienced traders. XM recommends to its clients to make sure they understand how CFD trading works and whether they can afford to take the risk of losing money.

Conclusion

To sum up, XM is a reputable and trustworthy forex broker that offers a wide range of financial products, such as currency pairs, stocks, commodities, equity indices, precious metals, and energies. XM delivers a full investing experience with easy-to-use trading platforms like MT4 and MT5, as well as a vast range of learning tools for all skill levels.

Evidently, these make XM stand out as a prime example of a professional broker who is not only able to provide a solid package for traders to utilize for a great investing experience, but it is also poised to treat its clients with the utmost respect, transparency, and integrity.