XM Broker headquarters are based in Cyprus and regulated by CySec, along with other key authorities. All of these resources combined firmly establish XM as brokers that are committed to providing for every client. This team believes each client is a priority, regardless of experience or the size of their investment. XM has a mobile trading app available on Google and Apple stores. You will not be charged a fee for opening an account on the platform. However, if you are inactive for 90 days, you will have to pay an inactivity fee of $15.

XM allows traders to gain access to several features on their trading platforms. Unlike other forex brokers, it allows hedging on more than 1,000 financial instruments, including 55 forex pairs. This makes it versatile as it permits traders to use various styles of trading to maximize their gains. Clients also get access to trading ideas and analysis to help them better understand financial markets. XM is a highly regulated and trusted broker with over 5 million clients globally.

Great experience

These low trading costs offer a significant financial advantage in highly competitive markets, such as forex and CFD. This level of regulatory oversight and compliance is as good as a guarantee that they operate within strict guidelines. This is a key feature, offering layers of protection https://traderoom.info/is-xm-a-brokerage-we-can-trust/ that appeal to traders.

As a forex broker, XM has one of the lowest minimum deposits of $5, making it a comfortable choice for new traders. XM’s level of regulation and security provided trading clients with confidence and peace of mind. You cannot use an MT5 account on the MT4 trading platform, so make sure you create your MT4 account beforehand. The webtrading terminal offers instantaneous trade execution and allows traders to buy and sell various assets, such as stock indices, forex, cryptocurrencies, precious metals, and energies. We found different XM trading platforms to meet the needs of traders with different levels of experience.

Zero rejections or requotes on trades.

In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations. Not saying that there are no other honest brokers; I am only saying this is one of the honest ones. The broker has about 10M traders using their platform, which says a lot about their honesty. I’ve found XM’s customer support responsive, helpful, and professional. No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience.

Both are popular and user-friendly, offering a diverse range of features. These are solid platforms with advanced charting capabilities and good analytical tools. This earns XM high marks in this area, however, only offering two options is limiting.

Both of these platforms have excellent reputations for usability with intuitive interfaces. However, you shouldn’t confuse user-friendliness with low performance. They both offer advanced charting capabilities and high-level analytical tools and are a great fit for all trading levels. The demo accounts offer a real account’s features and functions with one key difference. The volume will not affect your trades when using a demo account. In real trading, market volume can affect your trades, especially when you have a large deal size.

Whether you’re a desktop or smartphone trader, MT5 is just a few clicks away. Nobody does more to provide you with what you need to maximise your trading potential. Explore some of our must-have products that keep everyone trading with us time and again.

1. While deposits are free, some withdrawal methods, such as certain bank transfers, may incur small fees.
2. Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities.
3. Before deciding to trade with this broker, make sure that it meets your trading needs.
4. We offer a superior trading environment that puts traders in the best position to profit.
5. They speak of how XM is a trusted broker, praise the MetaTrader platforms, and mention the many resources provided.
6. XM’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and FP Markets.

MT4 for Tablet and Mobile

We’ve mentioned here that one of the features XM Broker is known for is the extremely low minimum deposit. This combined with competitive spreads and low commissions, makes the XM Group a very competitive option. From the unfavorable reviews, there are multiple concerns from traders who felt their earnings were unrightfully kept from them. However, there are enough of these types of community reviews that they shouldn’t be completely discarded. On the flip side of this are the community reviews, which are very mixed.

1. XM also hosts live webinars and seminars seven days a week in 23 languages, led by 77 instructors.
2. For traders, the value of these regulation and licensing credentials can’t be overstated.
3. From the unfavorable reviews, there are multiple concerns from traders who felt their earnings were unrightfully kept from them.
4. The XM profile consolidates all your trading accounts under the same email, allowing you to login with your email address.
5. You can follow our link and check the Free Live Forex Webinars hosted by XM for yourself.
6. In addition to paying commissions, you may have to factor in the cost of spread while trading.

Still, regardless of the level of trading experience you have, understanding the pros and cons of your broker is essential. Start trading on one of the best multi-asset platforms in the industry and leverage the power of a global broker. All accounts offer negative balance protection, hedging and Islamic option as standard. If the currency you deposit into your account is not USD, the amount shown is the equivalent in the deposit currency. First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative. XM does this to protect clients from highly volatile market conditions, such as news releases.

XM provides multiple deposit methods with no deposit fees and several account base currencies. Since there is no deposit fee, XM broker will not deduct any amount from the deposits you make. The more assets there are to trade, the more opportunities there are to make money; and the more diverse the assets, the more likely it is that you will find something that fits your trading style. Of course, not all brokers offer the same type or number of assets. Some specialize in foreign exchange (forex) trading; while others focus on stocks, options, or other securities.

To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. However, traders who are only interested in forex or CFDs won’t be affected by this limitation. XM Broker, which was formerly known as Trading Point, was founded in 2009. Today, XM Broker has grown to the point of serving 10 million clients in more than 190 countries. Supporting more than thirty languages, we can securely say that XM Broker has built a strong global presence.

MT4 and MT5 do offer features for diverse trading needs, but offering additional options would be a plus. Today, we’re taking an in-depth look at XM Broker, a prominent player in the forex and CFD trading space. Over the past 15 years, XM Brokers have established themselves as a reliable option for all levels of traders.