XM Review 2024

What is XM?

XM is a well-established international investment firm and a leader in the online trading sector. It was founded in 2009 and has grown to serve over 10,000,000 clients from over 190 countries. XM is built of more than 900 professionals with long-year experience in the financial industry. XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy. Moreover, 99.35% of all trading orders are executed in less than one second, with no re-quotes and no rejections. XM’s business model relies on the firm conviction that in forex execution is everything. At XM, client funds are a top priority. The company partners with investment grade banks and uses segregated accounts to ensure security. Retail client funds are insured up to €20,000 by the Investor Compensation Fund. Meanwhile, all clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance. XM is also a human company. Its management has visited over 120 cities around the world to connect with clients and partners. XM has hosted hundreds of seminars around the world to educate traders, enabling them to make better trading decisions. Over the years, traders have embraced XM for its refreshing approach to customer service and outstanding support. Participating in the forex trading market via a broker like XM means that the client receives access to real-time pricing of the forex market and is quoted buy and sell prices for a number of instruments via an online trading platform. XM offers trading in forex and CFDs on stock indices, commodities, stocks, metals, and energies from the same trading account. With a wide range of trading instruments available from a single multi-asset platform, XM makes trading easier and efficient.

What is the Review Rating of XM?

What are the Pros of XM?

XM is a global forex and CFD broker with several advantages:. Regulation: XM is regulated by top-tier authorities such as Australia’s ASIC, CySEC of Cyprus, and the Belize authority IFSC. This regulation provides a level of trust and security for traders. Low Fees: XM offers low stock CFD and withdrawal fees. This makes it cost-effective for traders, especially those who trade frequently. User-Friendly Account Opening: The process of opening an account with XM is user-friendly and fast. This ensures a smooth start for new traders. Educational Tools: XM provides many educational tools, such as webinars and a demo account. These resources can be very helpful for both new and experienced traders to learn and improve their trading skills. Low Minimum Deposit: XM has a low minimum deposit requirement. , making it accessible for traders with different investment capacities. Trading Platforms: XM allows traders to use both MT4 and MT5 platforms. These platforms are widely used and recognized in the forex trading industry. Low Spreads: XM provides ultra-low spreads of up to 0.6 pips. Low spreads can help traders execute trades seamlessly and improve their trading efficiency. However, it’s important to note that XM has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average. , and there is no investor protection for clients onboarded outside the EU. Please consider these factors when making your decision.

What are the Cons of XM?

XM is a global forex and CFD broker that offers a variety of trading platforms, educational resources, and market research. However, it also has some drawbacks that you should be aware of before opening an account with them. Here are some of the cons of XM:. Standard account spreads are expensive compared to industry leaders. XM’s standard account spreads start from 0.9 pips on EUR/USD, which is higher than the average of 0.1 pips for most brokers. XM also charges a commission of $3.5 per lot per trade on its XM Zero account, which has a minimum deposit requirement of $10,000. If you are looking for low-cost trading, XM may not be the best choice for you. Average forex and stock index CFD fees. XM’s forex and stock index CFD fees are not very competitive compared to other brokers. For example, XM’s average spread on EUR/USD is 0.45 points during peak trading hours, which is higher than the average of 0.1 points for most brokers. XM also does not offer any commission-free accounts for forex or stock index trading. If you want to save on trading costs, XM may not suit your needs. No investor protection for non-EU clients. XM is regulated by four authorities: ASIC in Australia, CySEC in Cyprus, IFSC in Belize, and FSCA in South Africa. However, none of these regulators offer investor protection for clients who are not based in the EU. This means that if you deposit more than €20,000 with XM (or $50,000 with CySEC), your funds may be at risk if the broker goes bankrupt or faces legal issues. If you want to trade with peace of mind, XM may not meet your expectations. Limited product portfolio and platform offering. XM offers mainly CFDs and forex trading on its platforms. It does not offer any other products such as stocks, commodities, indices, or cryptocurrencies. It also does not offer any proprietary trading platforms such as MetaTrader WebTrader or MetaTrader Supreme Edition. If you want to diversify your portfolio and access more markets and tools, XM may not have what you are looking for. . In conclusion, XM has some pros such as low stock CFD fees, easy account opening process, great educational tools, and comprehensive research content. However, it also has some cons such as expensive standard account spreads and commissions, average forex and stock index CFD fees, no investor protection for non-EU clients, limited product portfolio and platform offering. Therefore, before deciding whether to trade with XM or not, you should weigh the pros and cons carefully and compare them with other brokers in the market.

What are the XM Current Promos?

XM, a renowned player in the Forex market, is currently offering a variety of promotions to its customers. Here are some of the key highlights:. Zero Fees on Deposits & Withdrawals: XM is committed to providing a seamless trading experience for its customers. As part of this commitment, they are covering 100% of the transfer fees on all e-wallets and major credit cards. Additionally, wire transfers above 200 USD are also covered. This means instant account funding with no hidden fees or commissions. VPS Service: To ensure that traders can make the most of their trades, XM offers a VPS (Virtual Private Server) service. This service is designed to increase the speed of trades and eliminate downtime, making it ideal for Expert Advisors (EAs). The VPS service is accessible from anywhere and is online 24/7. Monthly Updated Forex Promotions and Bonuses: XM believes in building long-term business relationships based on mutual benefits. To this end, they regularly update their forex promotions and bonuses. Please note that terms and conditions apply to these promotions, and traders are advised to read these carefully before participating. For the most accurate and up-to-date information, please visit the XM website.

What are the XM Highlights?

XM is a renowned platform in the world of forex trading, offering a wide range of features and services that make it a top choice for traders globally. One of the key highlights of XM is its offering of over 1000 trading instruments, providing traders with a vast array of options to choose from. This includes forex, CFDs on stock indices, commodities, stocks, metals, and energies. XM is known for its low spreads, with some as low as 0 pips, making it an attractive platform for traders looking for cost-effective trading. The platform offers 10+ trading platforms, including MT4, MT5, and XM WebTrader, catering to the diverse needs of its global clientele. XM has been recognized with 30+ industry awards, including ‘Best FX Customer Service’ and ‘Best FX Broker’ in multiple regions by World Finance Forex Awards 2023. This speaks volumes about the platform’s commitment to excellence and customer satisfaction. XM also provides personal account managers and free access to daily forex webinars, enhancing the trading experience with personalized support and learning opportunities. Furthermore, XM is a licensed and regulated broker, with licenses from ASIC in Australia, CySEC in Cyprus, the FSC in Belize, and the DFSA. This ensures a secure and reliable trading environment for its users. In conclusion, XM’s extensive range of trading instruments, low spreads, multiple trading platforms, industry recognition, personalized support, and regulatory compliance make it a standout platform in the forex trading landscape.

Is XM Legit and Trustworthy?

XM, a global online Forex and CFD broker, has been in operation since 2009. It is regulated by several top-tier financial authorities. , and is considered to be safe and legit. XM Group is not publicly traded and does not operate a bank. It is authorised by four Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). However, it’s important to note that experiences with XM can vary. Some users have reported positive experiences, praising the customer support and withdrawal process. Others have raised concerns about the withdrawal process and terms and conditions. It’s always recommended to do thorough research and consider multiple sources of information before choosing a Forex broker. Remember, trading in the Forex market involves risk, and it’s important to understand these risks before starting.

Is XM Regulated and who are the Regulators?

XM is a well-regulated forex broker, with multiple regulatory bodies overseeing its operations to ensure the safety of client funds and adherence to strict regulatory standards. XM is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10. This regulatory body is responsible for the supervision of the financial markets and the conduct of the financial service providers in Cyprus. In addition to CySEC, XM is also regulated by several other financial authorities across Europe. These include the Financial Conduct Authority (FCA) in the United Kingdom, the Federal Financial Supervisory Authority (BaFin) in Germany, the National Securities Market Commission (CNMV) in Spain, the Hungarian National Bank (MNB), the Italian Companies and Exchange Commission (CONSOB), the French Prudential Supervision and Resolution Authority (ACPR), the Finnish Financial Supervisory Authority (FIN-FSA), the Polish Financial Supervision Authority (KNF), the Netherlands Authority for the Financial Markets (AFM), and the Financial Supervisory Authority (FI) in Sweden. Outside of Europe, XM is regulated by the Australian Securities and Investments Commission (ASIC). and the Financial Services Commission of Belize (FSC). XM places a high priority on the safety of client funds. They adopt several procedures to safeguard their business and protect their clients’ investments. These include banking with investment-grade banks like Barclays Bank Plc, doing business with regulated financial institutions like Skrill and Neteller, keeping clients’ funds segregated from company funds at tier-one banking institutions, providing retail clients with additional protection through the Investor Compensation Fund in case of company insolvency, using an automated system for monitoring funds transactions and risk management, applying multiple transaction methods for funds withdrawals and deposits that guarantee transfer security and clients’ privacy through Secure Socket Layer (SSL) technology, and following the investor protection measures described by the Markets in Financial Instruments Directive (MiFID). In summary, XM is a highly regulated forex broker, overseen by multiple regulatory bodies across the globe. This ensures a high level of security for traders and investors who choose to use XM’s services.

Did XM win any Awards?

Yes, XM has won several awards for its forex services and customer support. Here are some of the most notable ones:. Best FX Customer Service by World Finance Forex Awards 2023. This award recognizes XM for providing excellent and professional customer service to its clients across different regions and platforms. Best FX Broker, Europe by World Finance Forex Awards 2023. This award honors XM for being one of the leading forex brokers in Europe, offering competitive spreads, fast execution, and a wide range of trading instruments. Best FX Broker, Australasia by World Finance Forex Awards 2023. This award celebrates XM for being a trusted and reliable forex broker in Australia and New Zealand, offering low fees, high leverage, and advanced trading tools. Best FX Broker, Latin America by World Finance Forex Awards 2023. This award acknowledges XM for being a popular and reputable forex broker in Latin America, offering flexible account types, educational resources, and social trading features. Best FX Broker Middle East by World Finance Forex Awards 2023. This award commends XM for being a successful and respected forex broker in the Middle East, offering Sharia-compliant accounts, Islamic trading options, and local customer support. Best Retail Forex Broker at the Global Forex Awards 2021 – B2B held in London in June. This is the fifth award received at a Global Forex event since 2019 which have included awards for Best Global Forex Broker (2019 and 2020), Most Trusted Asian Forex Broker (2019) as well as Best Forex Affiliate Broker Programme (2020). Best FX Service Provider by City of London Wealth Management Awards 2022. This award recognizes XM for providing high-quality forex services to its clients worldwide, including market research, education, trading platforms, and customer support. These awards demonstrate that XM is a leading and reputable forex broker that strives to deliver the best trading experience to its clients. If you are interested in learning more about XM or opening an account with them, you can visit their website here.

How do I get in Contact with XM?

XM, a renowned player in the Forex market, provides multiple channels for potential clients, existing customers, and partners to get in touch. Here are the various ways you can contact XM:. Customer Support XM offers professional and prompt customer support 24/5 via live chat, email, or by phone. You can reach them at the following times:. Working hours: 05:00 - 19:00 GMT. Phone: +357 25029933. Additional Phone: +357 25345225. Email: french.support@xm.com. Affiliate Department If you’re interested in partnership opportunities, you can contact XM’s Affiliate Department. Their contact details are as follows:. Working hours: 07:00 – 16:00 GMT. Phone: +357 25029900. Additional Phone: +357 25345225. Email: ib@xm.com. Human Resources For career opportunities and job-related inquiries, you can reach out to XM’s Human Resources department. Here are their contact details:. Working hours: 07:00 – 16:00 GMT. Phone: +357 25029900. Email: careers@xm.com. Back Office For administrative matters, XM’s Back Office can be contacted 24/5. You can reach them via email at backoffice@xm.com. Client Relations For any client-related concerns or inquiries, XM’s Client Relations department is available. Their contact details are as follows:. Working hours: 07:00 – 16:00 GMT. Phone: +357 25029930. Email: clientrelations@xm.com. Public Relations For media inquiries and public relations matters, you can contact XM’s PR department. Here are their contact details:. Working hours: 07:00 – 16:00 GMT. Phone: +357 25029914. Email: pr@xm.com. Please note that these contact details and working hours are subject to change, so it’s always a good idea to check XM’s official website for the most up-to-date information.

Where are the Headquarters from XM based?

The term “XM” could refer to two different entities, each with its own headquarters location. XM, a well-established international investment firm, is headquartered in Belize City, Belize. Since its founding in 2009, XM has grown to serve over 10,000,000 clients from over 190 countries. The firm is built of more than 900 professionals with long-year experience in the financial industry. XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy. Moreover, 99.35% of all trading orders are executed in less than one second, with no re-quotes and no rejections. XM’s business model relies on the firm conviction that in forex execution is everything. Sirius XM Holdings Inc., an American broadcasting corporation that provides satellite radio and online radio services, is headquartered in Midtown Manhattan, New York City, United States. The company was formed by the 2008 merger of Sirius Satellite Radio and XM Satellite Radio, merging them into SiriusXM Radio. The company also has a 70% equity interest in Sirius XM Canada. As of July 12, 2022, SiriusXM had approximately 34 million subscribers. Please note that while both entities share the “XM” moniker, they operate in different industries and are not related. If you were referring to a different “XM”, please provide more context.

What kind of Customer Support is offered by XM?

XM, a renowned player in the Forex market, offers a comprehensive customer support system. Here are the key aspects of their customer service:. 1. Availability: XM provides professional and prompt customer support 24/5. This ensures that customers from different time zones can receive assistance when they need it. 2. Multiple Channels: XM offers support through various channels including live chat, email, and telephone. This multi-channel approach allows customers to choose the most convenient method for them. 3. International Locations: XM has support centers in multiple international locations including Cyprus, Australia, and Greece. This global presence allows XM to cater to a wide range of customers. 4. Specialized Departments: XM has specialized departments to handle specific queries. These include the Support Desk, Affiliate Department, Human Resources, Back Office, Client Relations, and PR Enquiries. Each department has its own working hours and contact information. 5. Prompt Response: XM is known for its prompt response to customer queries. Whether it’s through live chat, email, or telephone, XM strives to provide timely and professional assistance. In conclusion, XM’s customer support system is designed to provide efficient and professional assistance to its customers. It’s this commitment to customer service that makes XM a preferred choice for many Forex traders. Please note that the actual working hours and contact information can be found on the XM website.

Which Educational and Learning Materials are offered by XM?

XM offers a comprehensive suite of educational and learning materials for both beginners and advanced traders. These resources are designed to help traders understand forex trading and improve their trading skills. Forex Education Course XM provides a free forex education course. This course covers everything from the basic concepts of currency exchange to the most useful technical and fundamental analysis tools. The course is divided into several chapters, each focusing on a specific aspect of forex trading. Technical Analysis The course includes a chapter on Mastering Technical Analysis. This chapter covers various types of charts, trend support and resistance, reversal and continuation patterns, swing trading, moving averages, Fibonacci, Japanese Candlesticks, and principles of momentum indicators. It also provides detailed information on individual momentum indicators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), Momentum (Price ROC), Stochastics, Commodity Channel Index (CCI), and other common indicators. Trading System Another chapter in the course focuses on building a winning trading system. This chapter guides traders on how to define their time frame, identify the position of the market, find support and resistance levels, find entry and exit levels, and use multiple time frame analysis. Fundamental Analysis The course also includes a chapter on Fundamental Analysis. This chapter explains the flow of money, economic indicators, news trading, carry trades, and major currency fundamentals. Live Education Rooms In addition to the forex education course, XM also offers live education rooms. These rooms provide live webinars, Q&As with experts, trading fundamentals, trading sessions analysis, and real-time trading. The rooms are divided into a Beginner Room and an Advanced Room, each offering different levels of instruction. Educational Videos XM also provides trading video tutorials. These tutorials offer professional guidance on forex and CFD trading from the basics to the professional level. Research & Education XM’s Research & Education section provides answers to common questions like how to calculate margin, profit, pip value, and how to prepare for a trade. In conclusion, XM offers a wide range of educational and learning materials that can help traders at all levels improve their forex trading skills and knowledge. Whether you are new to online trading or you simply wish to refresh your knowledge about the bare essentials of forex, XM’s educational resources can lead you through all the steps necessary to master forex trading.

Can anyone join XM?

XM is a popular platform for forex trading, offering multiple account types for clients to choose from. However, it’s important to note that XM does not provide services to residents of the United States of America. Eligibility and Account Types. Anyone can join XM, provided they meet certain eligibility requirements. The platform offers three main types of accounts: the Micro Account, the Standard Account, and the XM Zero Account. Each account type has its own features and benefits, catering to different types of traders. The Micro Account has a base currency option of EUR, USD, GBP, with a contract size of 1 lot equal to 1,000. The spread on all majors is as low as 0.6 pips. The Standard Account offers the same base currency options but with a contract size of 1 lot equal to 100,000. The XM Zero Account offers base currency options of USD, EUR, JPY with a contract size of 1 lot equal to 100,000 and a spread on all majors as low as 0 pips. All three account types have a minimum deposit requirement of $5. Account Verification and Trading. Before you can start trading, you’ll need to complete the account verification process. This involves providing identification documents such as a driver’s license or passport, and proof of address, which could be a bank statement, residential card, or utility bill. Once your account is verified, you can make a minimum deposit and start trading. XM offers over 50+ currency pairs, and trading is available 24 hours a day, 5 days a week. Demo Account. If you’re new to forex, XM also offers a demo account. This allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. It’s a great way to test your trading strategies and learn about market moves and how to place orders. In conclusion, while anyone can join XM, it’s important to understand the platform’s requirements and features before you start trading. Always remember to trade responsibly and seek professional advice if needed.

Who should NOT sign up with XM?

XM is a global forex and CFD broker that offers a variety of trading platforms and educational tools. However, it may not be suitable for everyone. Here are some categories of people who might want to reconsider signing up with XM:. 1. Non-European Clients Seeking Investor Protection XM is regulated by top-tier authorities such as Australia’s ASIC, Cyprus’ CySEC, and Belize’s IFSC. However, there is no investor protection for clients onboarded outside the EU. Therefore, non-European clients who prioritize investor protection might want to consider other options. 2. Traders Looking for a Wide Product Portfolio While XM provides a range of trading instruments, its product portfolio is mainly limited to CFDs and forex trading. Traders interested in a broader range of investment options, such as real stocks or ETFs, might find XM’s offerings insufficient. 3. Individuals Seeking Low Forex and Stock Index CFD Fees XM’s forex and stock index CFD fees are average. Traders who are cost-sensitive and trade these instruments frequently might prefer brokers with lower fees. 4. Corporate Entities XM does not offer corporate accounts. Therefore, businesses or corporate entities looking to open a trading account would not be able to do so with XM. 5. Inactive Traders XM charges an inactivity fee. Therefore, individuals who do not plan to trade regularly and want to avoid such fees might want to consider other brokers. Before signing up with XM or any other broker, it’s always recommended to thoroughly research and understand all associated fees and services. This will help ensure that the chosen broker aligns with one’s trading needs and financial goals.

Does XM offer Discounts, Coupons, or Promo Codes?

Based on the search results, it appears that there is some confusion. The term “XM” is often associated with SiriusXM, a satellite radio service, which does offer various discounts, coupons, and promo codes. However, if you’re referring to XM in the context of forex, it’s likely you’re referring to XM Global, a forex trading platform. As of my knowledge cutoff in 2021, I don’t have specific information about XM Global offering discounts, coupons, or promo codes. For the most accurate and up-to-date information, it’s recommended to check XM Global’s official website or contact their customer service directly. Please note that financial trading involves significant risk and it’s important to understand the terms and conditions of any discounts or promotions.

Which Account Types are offered by XM?

XM offers multiple trading account types for clients to choose from to trade in various financial instruments, including forex and CFDs (Contracts for Difference). Here are the details of the account types:. XM Ultra Low Micro Account. Base Currency Options: EUR, USD, GBP. Contract Size: 1 Lot = 1,000. Spread on all majors: As Low as 0.6 Pips. Maximum open/pending orders per client: 300 Positions. Minimum trade volume: 0.1 Lots. Lot restriction per ticket: 100 Lots. Islamic Account: Optional. Minimum Deposit: 5$. XM Ultra Low Standard Account. Base Currency Options: EUR, USD, GBP. Contract Size: 1 Lot = 100,000. Spread on all majors: As Low as 0.6 Pips. Maximum open/pending orders per client: 300 Positions. Minimum trade volume: 0.01 Lots. Lot restriction per ticket: 50 Lots. Islamic Account: Optional. Minimum Deposit: 5$. XM Zero Account. Base Currency Options: USD, EUR, JPY. Contract Size: 1 Lot = 100,000. Spread on all majors: As Low as 0 Pips. Maximum open/pending orders per client: 200 Positions. Minimum trade volume: 0.01 Lots. Lot restriction per ticket: 50 Lots. Islamic Account: Optional. Minimum Deposit: 5$. Please note that the figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency. You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.

How to Open a XM LIVE Account?

Opening a XM LIVE account involves a series of steps. Here’s a detailed guide:. Step 1 – Completing Your Personal Information The first step in opening a XM LIVE account is to complete your personal information. This includes your name, address, contact details, and other relevant information. Step 2 – Completing Your XM LIVE Account Profile Next, you’ll need to complete your XM LIVE account profile. This involves providing additional details about your financial status and trading experience. Step 3 – Choose Your Trading Platform XM offers a variety of trading platforms to choose from. You’ll need to select the one that best suits your trading needs. Step 4 – Verification Pending: Your XM LIVE Account is Almost Ready Once you’ve completed the above steps, your account will be pending verification. This means that XM will review the information you’ve provided to ensure it’s accurate. Step 5 – Uploading Your Documents to Verify Your XM LIVE Account The final step in opening a XM LIVE account is to upload the necessary documents for verification. This typically includes a copy of your passport and a proof of address, such as a utility bill or bank statement. Please note that XM is available in most countries, with the exception of the USA, Canada, Israel, and Iran. The broker is regulated by several well-respected bodies, including CySEC in Europe, DFSA in Dubai, ASIC in Australia, and FSC in Belize. Before opening a XM LIVE account, it’s recommended to first open a XM Demo Account. This allows you to hone your trading skills and knowledge in a risk-free environment. Remember, trading in forex involves a high level of risk and may not be suitable for all investors. Always do your own research and consider seeking advice from a financial advisor before opening a live trading account.

How to Open a XM DEMO account?

Here is a detailed guide on how to open a XM DEMO account:. Step 1: Visit XM’s Official Website The first step is to visit the official website of XM. This is where you will find the option to open a demo account. Step 2: Locate the ‘Open a Demo Account’ Option On the XM’s official website, locate the ‘Open a Demo Account’ option. This is usually prominently displayed on the homepage. Step 3: Fill in the Registration Form Next, you will need to fill in the registration form with your personal details. This includes your name, email, phone number, and country. You will also need to create a password for your new XM Demo Account. Step 4: Choose Your Account Preferences After filling in your personal details, you will need to choose your account preferences. This includes selecting your preferred trading platform (Metatrader 4 or Metatrader 5. ), account type (standard account or an XM Ultra Low account. ), and account currency. Step 5: Customize the Demo Account You can customize your demo account according to your needs. For example, you can choose the leverage (ranging from 1:1 to 1:888. ) and the investment amount (the amount of virtual money available to practice in the demo account. Step 6: Verify Your Profile After completing the registration form and customizing your demo account, you will need to verify your profile. This usually involves confirming your email address. Step 7: Login into the Demo Account Once your profile is verified, you can log into your demo account and start practicing your trades. Remember, trading with a demo account is very helpful for beginner traders as they can test their skills with virtual currency in a real trading environment and test trading strategies with no risk involved. At XM, you can keep your demo account parallel to your trading account for an unlimited time. You have the freedom to use your demo account to test strategies, and then use the most effective ones on your real account.

How Are You Protected as a Client at XM?

As a client at XM, you are protected in several ways:. Regulation and Compliance XM is regulated by three financial authorities globally, including the top-tier Australian Securities and Investments Commission (ASIC). It also complies with the regulations of the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission of Belize (IFSC), and the Dubai Financial Services Authority (DFSA). Investor Protection Depending on your residency, the investor protection amount and the regulator differ. For instance, clients from EEA countries are protected up to €20,000 by the Cyprus Securities and Exchange Commission (CySEC). However, there is no protection for clients from Australia, the Middle-East, and the rest of the world. Negative Balance Protection XM provides negative balance protection for both EU and non-EU customers. This means that you can’t lose more money than what is on your account, i.e., you won’t owe any money to your broker. Financial Security XM partners with investment-grade banks and uses segregated accounts to ensure security. Retail client funds are insured up to €20,000 by the Investor Compensation Fund. Fair and Trustworthy Trading XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy. Moreover, 99.35% of all trading orders are executed in less than one second, with no re-quotes and no rejections. Leverage XM offers every client the option to choose the preferred leverage from 1:1 to 1000:1 with negative balance protection, real-time risk exposure monitoring, and with no changes in margin overnight or at weekends. Please note that financial markets, especially forex and CFD trading, pose significant risks over which no company has total control. Therefore, invest only what you can afford to lose in case the market goes haywire.

Which Funding methods or Deposit Options are available at XM?

XM, a well-known forex trading platform, offers a variety of internationally recognized payment systems to ensure maximum availability of your most favorite online payment system. Here are the details:. Credit Cards. Visa (Credit/Debit): Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Visa Electron (Credit/Debit): Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Mastercard: Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Maestro: Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. UnionPay (中国银联): Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed within 24 hours. Electronic Payment. Neteller: Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Skrill (Moneybookers): Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Sofort Banking: Accepted currencies include EUR, GBP. The minimum amount is 5 USD (or equivalent). The transaction time depends on the country. CashU: Accepted currency is USD. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. Przelewy 24: Accepted currency is PLN. The minimum amount is 5 USD (or equivalent). The transaction is processed instantly. BitCoin: Accepted currencies include USD, EUR, JPY. The minimum amount is 5 USD (or equivalent). The transaction is processed within 1 hour. Bank Wire Transfer. Bank Transfer: Accepted currencies include USD, EUR, GBP, CHF, AUD, PLN, HUF. The minimum amount is 200 USD (or equivalent). The transaction is processed in 2 – 5 business days. Please note that XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards. Additionally, all deposits and withdrawals above 200 USD processed by wire transfer are also included in their zero fees policy.

What is the Minimum Deposit Amount at XM?

XM, a well-known forex broker, offers a variety of trading account types to cater to the diverse needs of traders worldwide. The minimum deposit at XM is $5. , which is quite affordable compared to many other forex brokers. XM offers three main types of accounts: the Micro Account, the Standard Account, and the XM Zero Account. Each of these accounts has a minimum deposit of $5. The base currency options for these accounts are EUR, USD, and GBP. The contract size varies with 1 Lot equal to 1,000 for the Micro Account and 100,000 for the Standard and XM Zero Accounts. The Micro Account and Standard Account allow a maximum of 300 open/pending orders per client, while the XM Zero Account allows up to 200. The minimum trade volume is 0.1 Lots for the Micro Account and 0.01 Lots for the Standard and XM Zero Accounts. The lot restriction per ticket is 100 Lots for the Micro Account and 50 Lots for the Standard and XM Zero Accounts. It’s important to note that if the deposit currency is not USD, the deposit amount should be converted to the deposit currency. XM also offers the option to create custom-tailored forex account solutions for every client. For beginners in forex trading, XM provides a demo account with virtual money, allowing them to test their trading strategies and learn about market moves and how to place orders without any risk. Once they have gained enough experience and confidence, they can proceed to open a trading account with real money. In conclusion, XM’s low minimum deposit requirement, along with its variety of account types and comprehensive trading services, makes it a competitive choice in the forex trading market. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade.

Which Withdrawal methods are available at XM?

XM is a leading forex broker that offers a variety of withdrawal methods for its clients. Whether you want to withdraw your profits quickly and easily, or you prefer to use a more secure and convenient option, XM has something for you. Here are some of the withdrawal methods available at XM:. Bank transfer: This is the most common and reliable way to withdraw money from your XM account. You can use your bank account details to initiate a withdrawal request from the XM website or the MetaTrader 4/5 platform. The withdrawal process usually takes 2-3 business days, depending on your bank and country. There is no fee for bank transfers, except for amounts less than $200. Credit/debit card: This is another popular and fast way to withdraw money from your XM account. You can use Visa, Visa Electron, Mastercard, or Maestro cards to make a withdrawal request from the XM website or the MetaTrader 4/5 platform. The withdrawal process usually takes 1-2 business days, depending on your card issuer and country. There is no fee for credit/debit card withdrawals. Skrill: This is an electronic wallet that allows you to store and transfer money online. You can use Skrill to make a withdrawal request from the XM website or the MetaTrader 4/5 platform. The withdrawal process usually takes 1-2 business days, depending on Skrill’s processing time and country. There is no fee for Skrill withdrawals. Neteller: This is another electronic wallet that allows you to store and transfer money online. You can use Neteller to make a withdrawal request from the XM website or the MetaTrader 4/5 platform. The withdrawal process usually takes 1-2 business days, depending on Neteller’s processing time and country. There is no fee for Neteller withdrawals. Sticpay: This is a payment service that allows you to make instant transfers between bank accounts in different countries. You can use Sticpay to make a deposit request from the XM website or the MetaTrader 4/5 platform, but not a withdrawal request. Sticpay only supports clients outside of the European Economic Area (EEA), Australia, and the Middle East who were onboarded under the International Financial Services Commission (IFSC) in Belize. . To learn more about how to withdraw money from your XM account, you can visit their withdrawal guide or contact their customer support team.

Which Fees are charged by XM?

XM, a Cypriot Investment Firm, operates under the trading name XM.com. It offers various types of costs and charges associated with trading, which are detailed below:. Spreads: XM offers variable spreads, which means that the spread value constantly changes based on the current liquidity market conditions and the volatility. For example, if you trade 1 standard lot in EUR/USD, and the current bid and ask prices are 1.30583 and 1.30599 respectively, the spread is 0.00016 (i.e., 1.6 pips) which equals to USD 16. Swap/Rollover: This is the process of extending the settlement date of an open position. The Company will simply add or deduct from a client’s trading account an interest rate for rolling over (i.e. holding/transferring) open positions relating to finance transactions generated through an account to the next day. Commission fee: This fee is charged for trading on XM Zero trading accounts only, when opening and closing a position. The commission fee is automatically calculated according to the volume traded. For example, commissions are USD 7 for USD 100,000 transaction. Dormant fee: This is a monthly fee imposed on trading accounts which have become archived due to inactivity (trading/withdrawals/deposits) for a period of ninety (90) calendar days, and which have free balance in the account. In addition to these, XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards (including VISA, VISA Electron, MasterCard, Maestro and China UnionPay). Furthermore, all deposits and withdrawals above 200 USD processed by wire transfer are also included in XM’s zero fees policy. Please note that trading with XM will involve fees from $5 USD, Spreads from 0.6 Pips, and commission-free trading depending on the account traders select. The minimum deposit amount required to register an XM live trading account ranges from $5 USD – $10’000 USD.

What can I trade with XM?

XM is a versatile trading platform that offers a wide range of trading options. Here are the key categories of assets you can trade with XM:. Forex: XM offers over 50 currency pairs, including majors, crosses, and exotics. You can trade 24 hours a day, 5 days a week. Some of the currency pairs available for trading include AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, CHFSGD, EURAUD, EURCAD, EURCHF, EURDKK, EURGBP, EURHKD, EURHUF, EURJPY, EURNOK, EURNZD, EURPLN, EURSEK, EURSGD, EURTRY, EURUSD, EURZAR, GBPAUD, GBPCAD, GBPCHF, GBPDKK, GBPJPY, GBPNOK, GBPNZD, GBPSEK, GBPSGD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDSGD, NZDUSD, SGDJPY, USDCAD, USDCHF, USDCNH, USDDKK, USDHKD, USDHUF, USDJPY, USDMXN, USDNOK, USDPLN, USDSEK, USDSGD, USDTRY, USDZAR. Individual Stocks: XM allows you to trade CFDs on popular stocks. Some of the stocks available for trading include Naturgy Energy Group, Masco Corporation, Match Group, Inc., Melco Resorts & Entertainment Limited, Mercialys SA, MFA Financial, Inc., Marsh & McLennan Companies Inc., Loews Corporation, Vornado Realty Trust, Qurate, Abbott Laboratories, AMD, Intel, Merck & Co., MGM, Visa, Wells Fargo, Yum!, BP, Next, Heineken, Saipem SpA, Hargreaves Lansdown plc, Pearson PLC, AXA, LVMH, Adidas, Telefonaktiebolaget LM Ericsson, Huntington Bancshares, Inc., Tenaris, Ackermans & van Haaren NV, KBC Group NV. Commodities: XM also offers trading in commodities. Equity Indices: You can trade equity indices at XM. Precious Metals: XM offers trading in precious metals. Energies: You can trade energies at XM. Please note that trading involves risk and it’s important to understand the risks involved before you start trading. Always trade responsibly.

Which Trading Platforms are offered by XM?

XM offers a variety of trading platforms to cater to the diverse needs of traders worldwide. Here are the key platforms offered by XM:. MetaTrader 4 (MT4): This is one of the most popular trading platforms in the forex industry. It’s known for its user-friendly interface, advanced charting capabilities, technical analysis tools, and ability to support automated trading systems (known as Expert Advisors). MT4 is available for both PC and Mac. MetaTrader 5 (MT5): This is the successor to MT4, offering additional features such as more timeframes, advanced pending orders, and a built-in economic calendar. Like MT4, MT5 is also available for both PC and Mac. XM WebTrader: For those who prefer to trade directly from their browser without the need to download and install any software, XM offers the WebTrader platform. This platform is compatible with both MT4 and MT5. Mobile Platforms: XM also provides mobile trading platforms compatible with MT4 and MT5, allowing traders to manage their accounts and trade on the go from their smartphone or tablet. It’s important to note that XM has tweaked these platforms slightly to suit the specific needs of their users. Traders can choose the trading account that meets their needs and select the trading platform of their choice during their registration. Please note that trading on margin products involves a high level of risk. Always ensure you understand these risks before trading.

Which Trading Instruments are offered by XM?

XM offers a wide range of trading instruments to its clients, making trading easier and more efficient. Here are the key trading instruments:. Forex Trading: XM offers over 50 global currency pairs for trading. This allows traders to speculate on the price movements of various currency pairs and take advantage of market volatility. CFDs on Indices: Traders can trade CFDs on major global indices. This allows them to speculate on the price movements of entire stock markets, rather than individual stocks. Commodities CFDs: XM offers CFDs on various commodities such as sugar, cocoa, wheat, and more. This allows traders to speculate on the price movements of these commodities without having to physically own them. CFDs on Stocks: XM offers CFDs on over 600 companies. This allows traders to speculate on the price movements of individual company stocks. CFDs on Metals: Traders can trade CFDs on various metals such as gold, silver, palladium, and more. This allows them to speculate on the price movements of these metals without having to physically own them. CFDs on Energies: XM offers CFDs on oil, gas, and all major energies. This allows traders to speculate on the price movements of these energy sources. In addition to these, XM also offers trading on a range of other instruments, including precious metals, equity indices, energies, commodities, and cryptocurrencies. All these instruments can be traded from a single multi-asset platform, making XM a versatile choice for traders. Please note that trading on margin products involves a high level of risk.

Which Trading Servers are offered by XM?

XM, a renowned player in the Forex trading sector, offers a variety of trading servers to cater to the diverse needs of traders worldwide. Demo Servers: XM provides two different demo servers for traders who wish to familiarize themselves with the platform before diving into live trading. These are:. XM.COM-Demo. XM.COM-Demo 2. Live Servers: For live trading, XM has more than 10 different servers. As of December 2018, the following servers were active. XM.COM-Real 1. XM.COM-Real 2. XM.COM-Real 3. XM.COM-Real 5. XM.COM-Real 6. XM.COM-Real 7. XM.COM-Real 8. XM.COM-Real 9. XM.COM-Real 10. XM.COM-Real 11. XM.COM-Real 13. XM.COM-Real 14. XM.COM-Real 15. XM.COM-Real 17. It’s important to note that traders should select the server name provided when they opened their account. If there are any issues with logging in, traders can try other servers or contact the XM support team. Trading Platforms: XM offers both MetaTrader4 and MetaTrader5 trading platforms. These platforms are available for all account types including Micro, Standard, and XM Zero Accounts. The trading conditions between XM MT4 and XM MT5 are mostly the same, with only a few differences. In conclusion, XM provides a robust infrastructure with a variety of servers and platforms, catering to the needs of both novice and experienced traders. This makes it a reliable choice for individuals looking to venture into the world of Forex trading.

Can I trade Crypto with XM? Which crypto currencies are supported by XM?

XM is a well-known forex trading platform that also offers the ability to trade cryptocurrencies. However, it’s important to note that you cannot buy and hold Bitcoin or any other cryptocurrency on XM. Instead, XM offers cryptocurrency CFDs (contracts-for-difference), which are extremely risky and expensive to trade. XM supports trading of a variety of cryptocurrencies. Here are some of the cryptocurrencies that you can trade on XM:. Bitcoin (BTCUSD). Ethereum (ETHUSD). Litecoin (LTCUSD). Ripple (XRPUSD). Bitcoin Cash (BCHUSD). In addition to these, XM also supports trading of several other cryptocurrencies. However, the spreads on these cryptocurrencies can be quite wide, making them expensive to trade. It’s also worth noting that the trading conditions for these cryptocurrencies can vary. For example, the minimum and maximum trade sizes, the dynamic margin percentages, and the long and short swap values can differ for each cryptocurrency. In conclusion, while XM does offer the ability to trade a variety of cryptocurrencies, it’s important to be aware of the risks and costs associated with trading cryptocurrency CFDs. If your intention is to possess and trade digital currencies, it might be more suitable to use a dedicated digital asset exchange.

What is the Leverage on my XM Trading Account?

Leverage on an XM Trading Account is a powerful tool that allows traders to trade positions larger than the amount of money in their trading account. It’s a form of borrowed capital that can potentially increase the return on investment. However, it’s important to remember that while leverage can magnify profits, it can also amplify losses. XM offers flexible leverage ranging from 1:1 up to 1000:1. This means that for every dollar you have in your account, you can trade up to $1000. For example, with a leverage of 1000:1, a $100 deposit would allow you to control a $100,000 position. The leverage you receive will be the lowest between your trading account leverage and the leverage of the CFD symbol being traded. This is calculated on a per instrument basis, meaning when you open positions on multiple instruments, the margin is calculated separately for each position. Margin is the amount of collateral to cover any credit risks arising during your trading operations. It’s expressed as the percentage of position size (e.g., 5% or 1%), and the only real reason for having funds in your trading account is to ensure sufficient margin. On a 1% margin, for instance, a position of $1,000,000 will require a deposit of $10,000. For Forex, Gold, and Silver, new positions can be opened if the margin requirement for the new positions is equal to or less than the free margin of the account. When hedging, positions can be opened even when the margin level is below 100% because the margin requirement for hedged positions is zero. It’s important to note that margin requirements do not change during the week, nor do they widen overnight or at weekends. Moreover, at XM, you have the option to request either the increase or the decrease of your chosen leverage. In conclusion, understanding the concept of leverage and margin is crucial for successful trading on XM. It allows traders to control larger positions with a smaller amount of money, potentially increasing the return on investment. However, it’s important to use leverage wisely as it can also amplify losses.

What kind of Spreads are offered by XM?

XM offers a variety of spreads tailored to different types of traders and their specific needs. Here’s a detailed look at the spreads offered by XM:. Variable Spreads: XM operates with variable spreads, similar to the interbank forex market. This means that the spread varies depending on market conditions. Variable spreads can be as low as 0 pips on all major currency pairs. Fractional Pip Pricing: XM also offers fractional pip pricing to get the best prices from its various liquidity providers. Instead of 4-digit quoting prices, clients can benefit from even the smallest price movements by adding a 5th digit (fraction). Account Types: XM offers three types of trading accounts for forex traders: Micro, Standard, and Ultra Low. The spreads can be as low as 0.6 pips in their Ultra Low account, or as low as 1 pip in Micro and Standard accounts. All of them are free of commission fees. No Trading Restrictions: XM imposes no restrictions on trading during news releases. This is particularly beneficial for traders who wish to take advantage of market volatility during major economic announcements. Spreads for Different Instruments: XM provides detailed information about the spreads for different instruments such as FX Instruments, Commodities Instruments, Equity Indices Instruments, Precious Metal Instruments, and Energies Instruments. XM’s commitment to providing tight spreads and high-quality trade execution makes it a popular choice among forex traders. It’s important to note that while XM strives to provide the best possible spreads, the final spread value a trader experiences will depend on their account type and current market conditions.

Does XM offer MAM Accounts or PAMM Accounts?

In the world of forex investing, Multi-Account Manager (MAM) and Percentage Allocation Management Module (PAMM) accounts are emerging trends. Both of these investment accounts allow retail investors to leverage the expertise of professional traders, while enabling traders to expand their audience reach. A MAM account allows professional traders to manage multiple client accounts from a single master account. The master account is controlled by the trader and is linked to several sub-accounts, each owned and controlled by a different individual investor. The funds of the investors are pooled together and managed by the trader. As the trader executes trades in the master account, the same trades are automatically replicated on the individual sub-accounts according to the allocation percentage. Traders can also make manual adjustments to allocation percentages, designate different volumes to different sub-accounts, or group sub-accounts together for different trading strategies. While the master account is controlled by the trader, the investor has full control over their own sub-account. Investors can view their sub-accounts in real time, and can intervene to alter or close trades placed by the trader. Investors can also choose to deposit and withdraw funds from their sub-accounts at any time. A PAMM account is a type of investment account offered by some forex brokers, which allows retail investors to allocate their funds to be managed by experienced traders. An investor deposits funds into a PAMM account, which are then pooled together with funds from other investor accounts. The appointed trader or investment manager then makes investment decisions on behalf of the group. Each investor’s share in the account is proportional to the size of their investment, and the profits or losses are distributed accordingly. The trader typically charges a management fee for their services, which are deducted from the account’s profits. PAMM accounts allow investors to benefit from the expertise of professional traders without having to actively manage their investments on their own. Additionally, qualified traders who manage PAMM accounts will be screened and vetted by forex brokers beforehand. As for XM, it offers multiple trading account types for clients to choose from to trade in various financial instruments, including forex and CFDs (Contracts for Difference). However, based on the information available, it does not explicitly state whether XM offers MAM or PAMM accounts. It’s always a good idea to directly contact the broker for the most accurate and up-to-date information.

Does XM allow Expert Advisors?

Does XM allow Expert Advisors? Expert Advisors, or EAs, are automated trading programs that can execute trades on the forex market according to predefined rules and strategies. EAs can help traders save time, reduce human errors, and optimize their trading performance. However, not all forex brokers allow the use of EAs on their platforms. In this article, we will answer the question: Does XM allow Expert Advisors? XM is a global forex broker that offers two popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms support the use of EAs or trading robots, which are similar to EAs but have some differences in features and functionality. XM also provides a variety of educational resources and tools to help traders learn and improve their skills. How to add an EA to your MT4 or MT5 terminal? To add an EA to your MT4 or MT5 terminal, you need to follow these steps: Download an EA from a reputable source, such as the MQL5 site. , where you can find thousands of free and paid EAs for various markets and instruments. Place the downloaded .mq4 or .ex4 file into the Experts folder of your MT4 or MT5 data folder. You can find the data folder by clicking File > Open Data Folder on your terminal. Restart your MT4 or MT5 terminal and you should see your new EA in the Navigator window under Expert Advisors. Click on your EA name and then click on Manage to configure its settings, such as parameters, indicators, orders, etc. What are some benefits of using EAs on XM? Using EAs on XM can offer you several benefits, such as: You can trade 24/7 without interruption or fatigue. You can take advantage of market opportunities that may not be visible to human traders. You can test different strategies and optimize your performance with historical data. You can diversify your portfolio with multiple instruments and markets. You can access advanced features such as trailing stops, take profit levels, stop loss orders, etc. What are some limitations of using EAs on XM? Using EAs on XM also has some limitations that you should be aware of, such as: EAs are not infallible and may make mistakes or encounter technical issues that affect their performance. EAs may not adapt well to changing market conditions or unexpected events that require human intervention. EAs may not suit your personal preferences or risk tolerance if they have different settings or parameters than yours. EAs may incur additional costs if they require subscription fees or commissions from third-party providers. . Conclusion. XM is a forex broker that allows the use of Expert Advisors (EAs) on its platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). EAs are automated trading programs that can execute trades according to predefined rules and strategies. To add an EA to your XM terminal, you need to download it from a reputable source and place it into the Experts folder of your data folder. Using EAs on XM can offer you several benefits but also has some limitations that you should consider before using them. We hope this article has answered the question: Does XM allow Expert Advisors? If you have any questions or feedback, please feel free to contact us at [XM Support]. : https://www.mql5.com/en. : https://www.xm.com/help-center/trading-walkthroughs/faq-how-do-i-add-an-expert-advisor-to-my-terminal.

Does XM offer Copytrading?

XM, one of the largest international Forex and CFD brokers, does offer a copy trading service. This service is available through XM’s partnership with MQL5, one of the largest social and copy trading platforms. This partnership provides access to over 1000 signal providers. To start copy trading with XM, one needs to open an account, register on MQL5, and download MT4 or MT5. After these steps, available traders on the platform can be viewed. XM offers sorting and filtering options to help find the right trader to copy based on metrics like growth, returns, number of trades, drawdown, etc. Subscription fees for traders range from $1-1000 per month on average, with $50 being typical. XM charges standard spreads for copy trades, which are average to high, around 1.7 pips on EURUSD. There is no additional commission over regular trades. The success of copy trading depends on choosing the right trader, but profits are possible. However, risks such as losses from a trader’s failed trades also exist. Therefore, it’s important to ensure that the trading goals of the trader being copied match one’s own before proceeding.