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Name
XM.com
Date founded
Dec 31, 2008
Description

XM brand belongs to financial services company Trading Point of Financial Instruments Ltd, and its activity is controlled by European Union law. In addition to the classical MT4 platform, XM offers its customers two more platforms for automatic trading: Mirror Trader (by Tradency) and ZuluTrade. The minimum amount of deposit with this broker - $ 5, and the most affordable leverage for trading is 888:1. The company guarantees high speed of order execution, and reported that 99.35% of orders are executed in less than 1 second. XM - a new company with excellent conditions and amazing bonuses!

Publicly traded company
Regulation in major hub
Yes
News
Webinars
Yes
Demo version
Yes
Regulation (trading)

FCA, ASIC, CySEC

Country

Cyprus

Cyprus

Spot trading
Yes
Watchlist
Yes
Scalping
Yes
Hedging
Yes
Decimal pricing
5 Digits
Max Leverage

1:888

One click execution
Yes
Minimal Lot
0.01
Cryptocurrency trading support
As CFD
Bonus

Bonus of 100% up to $5000 on all new deposits

Currencies

AUD|EUR|GBP|HUF|JPY|PLN|RUB|CHF|USD

Currency pairs

57

Deposit methods

Visa, Visa Electron, MasterCard, Maestro, Diners Club International, Union Pay, Neteller, WebMoney, Skrill, Sofort, iDeal, GiroPay, Boleto, OXXO, bank wire transfer, and local bank transfer

Minimum Initial Deposit

$5

Mini Account:

$5

Standard Account:

$5

ECN Account:

N/A

Premium:

N/A

Withdrawal methods

Wire Transfer, Credit Card, Neteller, Skrill, UnionPay, Web Money, iDeal, Moneybookers, MoneyGram, Sofort, Western Union

Contact phone

+35725029933

Contact email
Secured By SSL
Yes

XM.com is a trading platform operated by XM Group. XM.com operates internationally and has drawn clients from over 150 countries. The group is licensed in various jurisdiction to offer trading services. In the United Kingdom, the group is licensed by FCA (Financial Conduct Authority) while in Australia the group is regulated by ASIC (Australian Securities and Investments Commission). XM.com has also obtained operation licenses in Cyprus and in Belize. 

To serve all its customers from various countries, XM.com has invested in excellent customer support and increased its network and server capabilities. Its approach to individualized services has made the company a trusted brand among the traders.

Features

Multilingual Interface

XM.com operates internationally. To cater to the language needs of its different clients, the interface is designed to support over 20 languages. Switching to a preferred language is also quite easy. Each language is represented by the respective country flag where such a language is widely spoken. Clicking on a given country flag will change the interface language to the official language of that country.

Added to this, the support team is composed of multilingual staff. Thus each client will most likely find a customer care personnel who understands their language. Such structured language options have made it possible for XM.com to retain most if its multilingual clientele.

Wide Array of Trading Instruments

XM.com offers forex trading on major currency pairs. Traders who sign-up on the system get an access to over 50 global currency pairs. They also get to benefit from CFD (Contract for Differences) trading on commodities, indices, and stocks. There is also an option to trade CFDs on precious metals such as gold and silver. Traders whose interest is in energy have also the option of trading CFDs on oil, gas, and any other major energy product.

Wide Choice of Trading Platforms

The two major trading platforms which are provided to traders by XM.com are the MetaTrader 4 and MetaTrader 5. The MetaTrader 4 has a single login requirement for traders to access over 5 trading platforms. Once logged in to MetaTrader 4, users can access several other platforms which fall under MT 4 such as MT4 Android (made for Android devices), MT4 iPhone (made for iPhone, and MT4 for PC (made for computers running Windows OS).

The MetaTrader 5 incorporates all the platforms supported by MetaTrader 4. In addition to this, it has extra superior functions such as access to over 200 CFD stocks. For cryptocurrency enthusiasts, the MT5 system is the best since it also supports cryptocurrency trading. 

Provision of VPS (Virtual Private Server)

A VPS is a server environment which is created within a shared server to mimic a dedicated server. The virtualized server can run independent software which is free from the interference of the rest of the software packages installed in the shared environment. Running a VPS saves a trader from downtime since the virtual server is not affected by the downtime of the shared hosting. At the same time, a VPS affords a trader faster trade execution and eliminates the common hitches associated with shared hosting. XM.com has such provisions for its clients.

Advantages

  • Has a generous bonus program.
  • Has fast executions.
  • The MetaTrader 5 offered by XM.com supports cryptocurrency trading.
  • Free daily signals for those who have a live account.

Disadvantages

  • Has variable spreads.
  • Withdrawals undergo a rigorous approval process.
  • Has country restrictions.
  • Does not support PayPal as a form of funding method.

Conclusion

XM.com has one of the best trading platforms. Despite its large client base, the company has maintained high standards of service and has won several accolades and awards. Some of the features which stand out with this exchange company include the multilingual interface and customer support, support for a wide array of trading instruments, and trading platforms adaptable to different client needs. 

Traders who choose this system as their preferred trading platform will not only benefit from above features but also be assured of the safety of their funds since the operations of the XM group are highly regulated in different jurisdictions.

Screenshots
Pros & Cons
  • Offers Islamic Accounts, Choice of Platforms, Multi-language Customer Service
  • Only Two Account Types
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1 Comment

  1. User avatar

    Kamjin (15) 1 month ago

    can i trust them when they are licenced by fca?

    0 0
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