XM Forex Penguin

XM Forex Penguin

XM

Home ยป Top Forex Brokers 2024 ยป XM
Last Updated: Aug 22, 2024 @ 10:30 pm

XM


A Quick Summary of XM

๐Ÿ•ต Broker TypeMM
๐Ÿ“Œ RegulatedASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize)
๐Ÿ’ฐ Min Deposit$5
๐Ÿ’น EUR/USD Spread0.8 Pip
๐Ÿ“ˆ Demo AccountYes
๐Ÿ’ฑ Base CurrenciesAUD, CAD, CHF, EUR, GBP, HUF, JPY, NZD, PLN, RUB, SGD, USD, ZAR
๐Ÿ“Š PlatformsMT4, MT5, Mobile, Web
๐Ÿ’Ž AssetsAlgriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks
, Stock CFDs
๐Ÿ“‰ Hedging AllowedYes

XM Broker Details

Broker Contacts

Email Icon
Email
support@xm.com
Phone Icon
Phone
+501 223-6696
+501 227-9421
Chat Support Icon
Chat Support
Live Chat Available Whatsapp Available Telegram Available
Social Media Icon
Social Media
Facebook Twitter LinkedIn Instagram Telegram Channel Youtube

Company Profile

Company Icon
Company Name
XM Group
Year Icon
Year Founded
2009
Headquarter Icon
Headquarter
Belize City, Belize | Limassol, Cyprus | Sydney, Australia
Regulated Icon
Regulated
ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize)
Country Icon
Countries Not Accepted
Canada (CA), Iran (IR), Israel (IL), United States (US)
Broker Type Icon
Broker Type
Market Maker (MM)

Trading Conditions

Demo Account: Yes
Minimum Deposit: $5
Minimum Withdrawal: $5
Maximum Leverage: 1:1000
Average Spread EUR/USD: 0.8 Pip
EA/Robotrading: Yes
Base Currency: AUD, CAD, CHF, EUR, GBP, HUF, JPY, NZD, PLN, RUB, SGD, USD, ZAR
Hedging Allowed: Yes
Scalping Allowed: Yes
Negative Balance Protection: Yes
Swap Free/Islamic Account: Yes
Social Copy Trading: Yes
Trading Instrument Icon
Available Trading Instruments
Algriculture CFDs, Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks, Stock CFDs
Payment Processor Icon
Available Payment Processors
Bank Cards, Bank Wire, FasaPay, Neteller, Skrill, WebMoney
Trading Platform Icon
Available Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Web Platform
Broker Notes Icon
Broker Remarks

For the 1:888 leverage: This Leverage does not apply to all the entities of XM Group. Leverage depends on the financial instrument traded.

Press Release


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5 thoughts on โ€œXMโ€

  1. In terms of trading, im not sure if they are the best or not. But in terms of analytical information, they are second to none. Trading Ideas and XM Research sections are a must read.

    Reply
  2. Iโ€™m interested in trading with leverage. And it seems to me that this should be obvious.
    Trading assets such as currency pairs is simply imposible without leverage.
    Trader should have a huge margin to get at least a small profit.
    Therefore, for me, the greater leverage, the better.
    And this broker has nice leverage size. By the way, spreads are also good.

    Reply
  3. Yea they have good prices and different accounts for needs but what I like is different. All these competitions for demo, it just shows how they care about their clients and provide various opportunities for beginner traders, I wish I had these opportunities when I used to learn trading in my old days ๐Ÿ˜€

    Reply
  4. I trade here cryptos mainly and should note that conditions align with what I need. Mainly, props to the account types system, where are accounts with fascinating trading terms, but anyway.
    The list of cryptos is very extensive, altcoins, memcons โ€“ everything is here. I advise you to choose MT5 for trading cryptos, cuz some of them arenโ€™t available on MT4, like Shiba, Mana, Dash and so on. Swaps are okayish, for instance if you trade hyping Doge, then long and short ones are ~10 points.
    Leverage size fully correlates with my risk management strategy, so itโ€™s good for me.

    Reply

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