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XM com Broker Review: Whats the Deal With the Huge Leverage?

Overall, XM is safe, regulated and highly respected in the industry with a good complaints procedure so at the least you know your money will be safe with this broker. As with everything else, XM provides customer support in over 25 languages. This ensures that almost everyone can get the support they need in their preferred language. This room will let you experience the real trading environment in a simulated version. Anyone who takes the time to visit this room will hone their charting techniques, time frame techniques, indicators, and more. This page offers a clear view of the most popular assets, along with their prices and spreads, on the right of the homepage, in addition to a calendar of all the upcoming webinars.

  • We also ensure all reviews are published without moderation.
  • The XM Foundation page on the XM broker’s website includes recent news and initiatives from the foundation.
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  • The best forex trading app to trade can make a significant and huge difference in trading performance in 2023.
  • There are about 1.5 Million Traders and investors at XM that selected broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders.

This is something that XM both recognizes, and works hard to provide. They are regulated around the world by 4 recognized, and respected regulatory bodies. All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services.

Shares – The shares market spans the USA, UK, and Germany, and allows users the chance to trade shares without a hitch or an issue. A great market opportunity that XM global broker allows its users to get a hold of. Commodities – Commodity trading is a great way for beginners to start learning the markets and how they operate. XM allows access to major commodities, with low deposits and the ability to short them in order to make profits.

There is the Live Education section, which is a brand new addition as well as the Platform Tutorials, which is also a great benefit to know until you start trading yourself. Despite the fact that XM managed to go through all stages and all requirements flawlessly it also managed to make the education sections as sophisticated as possible. You can deposit any currency and then XM will automatically exchange it to the relevant currency.

XM Review

Withdrawal options at XM are the same as its deposit options. These include bank wire transfers, credit/debit cards, and e-wallets. The company has covered all transfer fees, including major credit cards, instant account funding, e-wallets, and wire transfers, with no hidden fees. Micro Accounts can have the base currency of USD, GBP, EUR, CHF, JPY, AUD, PLN, HUF, RUB, ZAR, or SGD. This type of account has negative balance protection, trading bonuses, and no deposit bonuses. XM has extensive experience and offers support in more than 30 languages.

xm forex review

Every issue that I’ve encountered was resolved professionally by their customer service. XM is my favourite for now, and I’m not going nowhere until I encounter major issues that would force me to switch to a new one. Absence of diversity between the various account types gives a less customized feel.

What documents should I submit XM to become its registered user?

Utility bills and bank statements are accepted as proof of residency. The maximum open and pending orders per one client are restricted to 50 positions. It comprises several entities that use the brand and are regulated in various jurisdictions. Trading Point of Financial Instruments Ltd, XM’s first entity, was established in 2009 in Cyprus and is regulated by CySEC. In 2015, XM opened an ASIC-regulated entity in Sydney, Australia. Trading Point of Financial Instruments UK Ltd, XM’s parent company in the United Kingdom, is regulated for its brand in London.

xm forex review

Their support asked me to reinstall the platform but still it’s not as responsive as it was before. I don’t think the issue is with my laptop, it’s working just fine. PayPal deposits are not presently supported, which can be a problem for a few users. Depositoption, and pick your preferred method and follow the instructions. XM supports a wide variety of deposit options, including credit/debit card transfers, electronic payment, and wire transfers. It is – XM is a trusted, legitimate brokerage that is highly regulated in all the jurisdictions that it does business in.

He is a motivated finance expert, having joined BrokerChooser in 2018. He’s also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading. Find out more on how to deposit money into your XM trading account in our XM deposit guide. A bank transfer can take several business days, while payment with a credit/debit card is instant. If you are not ready yet to open a live account, you can start by experimenting with their demo account.

In this article, we will be talking and reviewing one of the top brokers in the world, XM Forex broker. We have seen almost every single of them and XM forex broker is one of those who left the most remarkable impression. If you were looking for a partner, you no longer have to check the horoscope or think twice, but definitely check XM. If this was not convincing enough, we will make it clear down below. Forex Trading has become one of the most popular activities all love the world.

There is also multilingual customer support plus Personal Account Managers. The XM trading review also observed that XM Group runs exceptional customer support. The live chat service ensures that new traders evolve in their profession with optimum help. In addition to the live chat, the group gains its success in customer support by educating users with MetaTrader platforms. The client can deposit the required fees, access the complete MetaTrader suite offered by the broker, and use it as per their need. The platform offers a virtual hosting and copies trading service, and runs its UI into 31 languages.

Also, this allows you to check what is the support, deposit withdrawal process, etc. The funding and withdraw process seems to be fairly straightforward with the usual methods in place. On average, it seems client can expect funds to take 3-5 business days before hitting your bank account when you select withdraw.

IS XM regulated? Are its clients protected by regulatory deposit insurance?

There will be no commissions, deposit bonuses, or trading bonuses allowed on this account, but hedging is allowed. XM Ultra-low account offers lower average spreads and the minimum deposit amount required in this account is $50, and the account can be Standard Ultra or Micro Ultra depending on the provisions availed. For Standard Ultra the minimum trade capacity is 0.01 and for Micro Ultra, the maximum trade capacity is 50 lots per ticket. The global market for forex and commodity trading is a complicated place to gain success.

XM is SCAM & FRAUD broker they didn’t pay my deposit of around 2500 usd that I’ve deposited a week ago. Fraud company I send bunch of documents, bank statements to prove my issues yet they claim that send money but they didn’t. Glad that I did some research and review about the company. The only concern is to stick to the MetaTrader’s platforms.

What Trading Platforms Can You Use With XM?

They are divided by the same Primary, Intermediate, and Advanced distinctions. All videos are Primary or Intermediate so anyone with a validated XM Account can access all of them. There are separate homepages on XM for research and for education. The research section includes highlights and links to the subsections. The right side of the screen shows some of the most common assets and their current spreads and prices.

On the other hand, as we noticed XM has limited portfolio for EU clients, and outside EU clients there is no good investor protection. The main branch located in Cyprus regulated by CySEC, yet offices are truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region. XM allows scalping as well as trading during time of increased volatility.

All Customer Reviews & Comments about XM.COM Forex broker

Though, you can have some delays in withdrawing because it is quite complicated. There are no unpleasant tricks with slippage as it can be with other brokers. You can also xm forex review receive the 30$ bonus to your first deposit and it can help beginners to strart trading. Fast execution with good trading conditions that favour beginner traders.

If the broker is not licensed or has not provided any information about the licensing regulator or the address of registration, it means that most likely the broker is a scam. With the XM you do not have to worry about any of these things. Trading Point of Financial Instruments Limited is authorized and regulated by the Cyprus Securities and Exchange Commission .

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