
A Quick Summary of XM
Founded in 2009, XM has grown into a prominent global brokerage firm, dedicated to providing a diverse range of trading solutions tailored to the needs of clients from various cultural backgrounds. The firm operates under the belief that client satisfaction is key to fostering loyalty. XM’s extensive experience in the global financial markets allows it to offer superior services in forex trading, as well as CFDs, equities, indices, metals, and energies. The broker is renowned for its commitment to transparency and fairness, ensuring that clients receive the best execution and trading conditions.
🕵 Broker Type | MM |
📌 Regulated | ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa) |
💰 Min Deposit | $5 |
💹 EUR/USD Spread | 0.8 Pip |
📈 Demo Account | Yes |
💱 Base Currencies | AUD, CAD, CHF, EUR, GBP, HUF, JPY, NZD, PLN, RUB, SGD, USD, ZAR |
📊 Platforms | MT4, MT5, Mobile, Proprietary , Web |
💎 Assets | Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks , Stock CFDs |
📉 Hedging Allowed | Yes |
XM Broker Details
Broker Contacts
Company Profile
XM Group
2009
Belize City, Belize | Limassol, Cyprus | Sydney, Australia
ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize), FSCA (South Africa)
Canada (CA), Iran (IR), Israel (IL), United States (US)
Market Maker (MM)
Trading Conditions
Algriculture CFDs, Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks, Stock CFDs
Bank Cards, Bank Wire, FasaPay, Neteller, Skrill, WebMoney
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Proprietary Platform, Web Platform
For the 1:888 leverage: This Leverage does not apply to all the entities of XM Group. Leverage depends on the financial instrument traded.
Forex Awards
Forex Promotion
Press Release
- XM Copy Trading: Earn with Top Traders and Maximize Your Profits – January 24, 2025
- XM Introduces Zero Fees on All Deposits and Withdrawals – October 24, 2024
- Maximize Trading Potential with XM’s Complimentary VPS Services – October 24, 2024
- XM Launches Enhanced Loyalty Program with Exclusive Rewards – October 24, 2024
- XM Expands “Refer a Friend” Program to Boost Client Rewards – October 24, 2024
- Celebrate the Season: Join the ₱2 Million Ber Months Promotion with XM! – October 10, 2024
➤ Why Choose XM?
- Cultural Diversity: XM embraces a multicultural approach, serving a global clientele with respect for various cultural, national, ethnic, and religious backgrounds.
- Technological Advancement: The broker continuously updates its systems to stay at the forefront of trading technology, ensuring that clients have access to cutting-edge tools and platforms.
- Client-Centric Philosophy: By focusing on client satisfaction, XM has built a strong reputation in the industry, offering tight spreads and no re-quotes to enhance the trading experience.
➤ Pros and Cons
➤ Awards and Recognition
XM has consistently been recognized for its excellence in service and performance within the forex industry. Some of the most notable awards include:
➤ XM Broker Regulations
XM is regulated by several reputable financial authorities, providing an added layer of security for traders:
- ASIC: The Australian Securities and Investments Commission oversees XM’s operations in Australia.
- CySEC: The Cyprus Securities and Exchange Commission regulates XM in Cyprus, ensuring compliance with EU financial standards.
- FSC: XM is also licensed by the Financial Services Commission in Belize, which allows it to operate in international markets.
- DFSA: The Dubai Financial Services Authority regulates XM’s operations in the UAE, adhering to strict compliance protocols.
- FSCA: In South Africa, XM is regulated by the Financial Sector Conduct Authority, offering protection to local traders.
➤ How to Open an Account with XM: A Step-by-Step Guide
Opening an account with XM is a straightforward process designed to be user-friendly. Here’s a detailed guide to help you navigate through it seamlessly.
Step 1: Visit the XM Website
- Go to the official XM website.
- It will automatically direct you to the right regional entity based on your location.
Step 2: Click on “Open An Account”
- Find and click the “Open An Account” button on the homepage to access the registration form..
Step 3: Fill Out the Registration Form
- Choose your country of residence (e.g., Philippines).
- Enter your email address and create a secure password.
- (Optional) Enter a partner code if you have one.
- Click “Register” to submit.
Step 4: Verify Your Identity
- After submitting the registration form, you will receive a confirmation email.
- Click the link in the email to verify your address and activate your account.
- Verify your account now by clicking the “Verify Now” button.
- Fill in your personal details:
- First Name
- Middle Name (Optional)
- Last Name
- Date of Birth
- Phone Number
- Click “Continue.”
- Add More Profile Details
- Enter your full address, city, street number, and postal code.
- Click “Previous Step” to review or proceed to “Add Financial Details.”
- Investor Profile
- Answer whether you’ve had forex education or traded derivatives like forex or CFDs.
- Click “Previous Step” if needed, or continue.
- Submit Required Documents
- Upload a photo of your ID (passport or ID card) and a selfie for verification.
- Click “Start Verification” to submit your documents.
➤ Account Types
XM offers a range of trading accounts designed to suit various trading styles and preferences:
➤ Deposits and Withdrawals
✦ Payment Methods:
- Credit and debit cards
- Bank transfers
- E-wallets (FasaPay, Neteller, Skrill, WebMoney)
✦ Minimum Deposit/Withdrawal:
- Shares account: $10,000
- All other account types: $5
✦ Withdrawal Flexibility:
- Verified accounts can request withdrawals anytime.
✦ Processing Time:
- Instant processing; funds received immediately or on the same day.
- Bank wire, credit, or debit card withdrawals take 2-5 business days.
➤ Customer Support
XM places a strong emphasis on customer support, offering various channels for assistance:
- Email Support: Clients can reach out to support@xm.com for inquiries.
- Phone Support: Available at +501 223-6696 or +501 227-9421.
- Live Chat: Access 24/7 for immediate assistance.
- Telegram
- Help Center: A comprehensive resource for FAQs and trading support.
Address: Suite 101, 63 Eve Street, Belize City, Belize
XM’s commitment to providing excellent customer service is evident in its availability and the variety of channels offered for support.
➤ Risk Warning
A clear risk warning on a broker’s website is a good safety indicator. For XM Global Limited, you can find their risk warning in the footer of their site.
Prohibited Countries
XM maintains compliance with international regulations and does not provide services to residents of certain jurisdictions. Notable restricted regions include:
- United States
- Canada
- Israel
- Iran
This limitation is essential for maintaining regulatory standards and ensuring compliance with local laws.
➤ Conclusion and Key Takeaways
XM Broker stands out in 2024 for its wide array of trading instruments, robust educational resources, and excellent customer support. Its regulatory compliance across multiple jurisdictions enhances its credibility. While it has some limitations regarding geographical availability and higher standard account spreads, the overall trading experience is enhanced by competitive features like zero deposit fees and flexible trading options. XM is a solid choice for both new and experienced traders looking for a reliable broker.
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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.
I’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.
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 😀
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 – everything is here. I advise you to choose MT5 for trading cryptos, cuz some of them aren’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 it’s good for me.