XM Review

XM Trading
Official Name: XM Group
Regulated:
Regulated by: CySec, FCA, ASIC
Headquarters: Cyprus
Established: 2009
Trading Products
Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies.
Minimum Deposit
$5
Demo Accounts
Yes

Why XM.com?

Every trading experience is almost the same for most brokers, from account opening up to fund withdrawal. What sets XM apart is that it offers exactly that and more. With a broad spectrum of trading products, services and educational tools, XM makes your trading decisions secure and geared for success. XM provides real-time trade execution across 16 full-featured trading platforms. With the latest technological capacity, your deals are made quick and your interests are protected. It supports more than 30 languages and provides 24/5 hour customer service. Whether you’re interested in trading Forex, Stock Indices, Commodity, Equities, Metals or Energies, XM can give you the access and amenities to achieve your trading goals.

A global client requires a global company. XM has a diverse workforce, have visited more than 120 countries and committed to bring satisfaction to customers located in more than 196 countries. As a recognized broker across a broad range of trading categories, XM has the experience, knowledge and expertise to perform, deliver and meet client expectations. Since its founding in 2009, the company has achieved valuable awards and milestones you can trust to build on a lifelong investment.

XM Pros and Cons


Pros with XM

XM has something for every trader. It offers an extensive list of trading instruments. With up to 700 investment options, every trader can enjoy almost limitless opportunities to make money. When you open an account with XM, not only do you get a multi-asset trading platform that allows you to trade in more than one asset class in one place anytime, anywhere, you also get a personal account manager and free access to numerous market research, webinars, video tutorials, trading signals, technical analysis, market outlook, and other reference materials.

XM takes pride in having more than 1.5 million clients worldwide, which is a testament of its customer centeredness and remarkable services. It values transparency and fairness through its trading execution, pricing and promotions. XM also protects its clients against risks of loss of an amount greater than your account balance.


Cons with XM

Certain regions in North America such as the United States of America and Canada as well as regions in the Middle East such as the Islamic Republic of Iran and Israel are restricted from obtaining products and services from XM Global Limited. Moreover, CFD, forex and leveraged products have inherent risk and require the understanding or consideration of the company’s Risk Disclosure. Although this is true of most brokers, XM offers a free demo account to acquaint new traders about how deals are made and the risks involved so they can be managed better.

Trading platforms offered by XM.com

A trading experience that exposes you to tools that’s packaged in an easy and convenient platform is one that ensures your trading decisions are prioritized. That’s exactly what XM can give. XM provides trading platforms available online through XM.com. The website offers MT4 Platforms for PC, for Mac, Multiterminal, and WebTrader as well as MT5 Platforms for PC, for Mac, and WebTrader. This means XM can give you the best trading experience, better than what other platforms can provide. With a user-friendly interface and a variety of support available (via educational tools, live support, phone support and email), you will learn the ropes in no time.

XM’s Mobile Trading Platforms

In trading, ease of access is the name of the game; you need the ability to act on trading decisions as soon as the opportunities present themselves. That’s why it’s so helpful to have a broker that offers a mobile trading platform. XM offers MT4 for iPad, iPhone, Android, and Android Tablet, as well as MT5 for iPad, iPhone, Android, and Android Tablet so you can trade on news real-time and maximize all the available market opportunities.


Trading with Binary Options

Trading Options available on XM.com

In one trading account, you get the option to trade a variety of instruments such as Forex and CFDs on stocks, stock indices, commodities, precious metals and energies. Trading online with MT4 or MT5 capabilities ensure trades are executed without requotes or rejections. Through this technological advantage, you get an edge when making trades that you don’t want to get compromised. You can also access online the trader dashboard to get quotes on forex or CFDs, the latest news updates, market outlook, technical analysis and research. It also comes with a live chat facility for immediate customer service assistance to achieve better trading efficiencies.

XM Bonuses for New Traders

XM offers a trading experience like no other. New traders will receive trading bonuses of up to $30, and the best part is that they do not have any initial deposit requirements. A bigger bonus still is its up-to-date system that puts the client’s ease-of-use first in mind. With an easy to follow trading platform and an attractive interface, new traders will feel like they have a personal mentor walking them through the ropes of trading. Account opening, maintenance, fund deposit or withdrawals are a breeze. XM ensures that its 25+ methods of payment, up to 16 full-feature trading platforms, accommodation of more than 30 languages, personal account manager, and 24/5 customer service will make you feel at home.

Blacklisted operators

XM.com – A Scam?

Trading instruments such as XM must be registered, and so should the selling or buying broker. The XM Group has a license to operate from FCA (Financial Conduct Authority), so you know that you are in good hands. It’s important for traders to choose a broker that complies with securities laws set by an authoritative body as a guarantee that you’re dealing with a legitimate business and that your financial interests are protected.

Explaining the basics of CFD TradingXM Demo Account and VIP Programs.

The XM Demo Account gives you $100,000 of virtual money to get a feel of the actual trading experience through the XM platform. You don’t need to have the best trading skills to start trading, but you can gain the ability to learn the business fast with the help of virtual demo accounts. It gives you the actual appearance, options and features available when trading through XM, which can prepare you better when making a real and live trade. It’s a good introduction to the world of trading to learn how to take advantage of market opportunities real-time.

PurchacesDeposit and Withdrawal from XM.com

The rule for account deposit and withdrawal from XM.com is as straightforward as most online trading platforms. First, XM does not require a minimum deposit for a standard account. However, for deposits sent electronically via credit cards, Skrill, Moneybookers and Neteller, there is a minimum $5 system limit. It’s important to note that third party deposits are not accepted. Special instructions for bank wire transfer, local bank transfer, and credit/debit cards are shown once you make the option to fund your personal account.

XM offers many alternatives to withdraw funds, which includes credit/debit card withdrawals, bitcoin withdrawals, E-wallet withdrawals, bank wire withdrawals and electronic payment. All these are processed within 24 hours after the request was made. Fund withdrawals can also be made in currencies such as USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, or SGD, among others. However, there’s a minimum withdrawal amount of 5 USD (or an equivalent value in another currency). Funds will be credited within 2 to 5 business days. The required documentations such as the proof of address and the proof of identity must also be submitted and validated to ensure withdrawal request will be processed. Make sure you’re logged in to your personal account to submit a request to withdraw the amount that would be a deduction from the available balance in your trading account.

SupportXM.com Customer Service

There aren’t a lot of online trading brokers that can tell you they have a customer retention rate above all the others. The 24/5 customer service that XM.com offers is all about the quality of service. With its deep and well-rounded understanding of its diverse clients worldwide, XM has equipped itself to give its customers only the value they deserve. For questions about account opening, maintenance or any general trading inquiry, clients can do a live chat through XM.com, send an email via support@xm.com or get a phone support through the number +501 223-6696. It’s great news that XM doesn’t keep its presence online. It extends its commitment to providing educational tools by offering seminars and attending to clients located in more than 120 countries.

Learn the basics about Forex Trading on Binaly.comXM’s Online Guides for New Traders

With XM.com, your first trading experience will be far from cumbersome. Aside from the free video tutorials and webinars, XM’s website also gives you access to market research, trading signals, technical analysis, and market outlook. With all these online guides available to you at no charge, it will not be long before your understanding of trading will be at par with seasoned traders. While you have your trading goals intact, you don’t have to feel as if you’re at it all by yourself. With a whole slew of support online as well as a personal account manager and customer service line you can rely on 24/5, your trading success is truly at your fingertips!

Summary & Rating
  • Security
  • Customer Service
  • Demo Account
  • Accessibility
4.5

Conclusion

New and experienced traders alike know how difficult it is to win the trading game. So, what does it really take to make it? Trading platform, experience, proximity to the best market opportunities, and, best of all, choosing the best trading partner can make all the difference. While it’s true that there are no certainties in making investments, you can at least make one business decision right that will help align your options according to the trading values that suit your attitude and individuality. By having the right trading partner guiding your every step, you can make your succeeding investment decisions easier, safer, and better. XM has what it takes for you to make that winning bet; it’s up to you to make that choice.

INFO About XM.com

Website
https://www.xm.com/
Headquarters
12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus
Support
+357 250 299 33
Email
support@xm.com

XM.COM Support

24/7 support
Yes
Support during weekends
No
Contact Methods
Phone, E-mail, Live Chat
Support Languages
English, Greek, Japanese, Simplified Chinese, Traditional Chinese, Bahasa Malay,
Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish,
Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu,
Thai, Nepali, Tagalog, Cebuano and Serbian.

Trading account Info

Account Currencies
USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
Available for US Traders
No
Payment/Withdrawal Methods
Multiple Local Payment Methods

Information about XM.COM's Trading Platforms

Platforms Available
MT4 , MT5, MT4 WebTrader, MT5 WebTrader
Mobile friendly
Yes
Mobile Apps Available
Yes (On App Store & Google Play)

Other tools offered by XM.com

Calendar with Trade Info
Yes
Tutorials on the site
Yes
Forex Signals
Yes

Trading with products promoted on Binaly.com is highly speculative and carries a high level of risk.