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XM Overall Ranking is 9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. On the other hand, as we noticed XM has limited portfolio for EU clients, and outside EU clients there is no good investor protection. Yes, however, their selection is relatively limited compared to some other brokers. One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate.

In 2010, XM received registration status from the UK’s FSA and all major EU regulatory authorities. Following the 2012 acquisition of XEMarkets.com, the brokerage purchased the 2-letter domain name XM.COM as the short version of XEMarkets in 2013. MQL5 trading signals from experienced traders who have been using XM Broker’s platform for more than a month are available for instant access.

The broker’s track record of over 2.4 billion trades executed with no re-quotes or rejections is further motivation for traders to consider this regulated broker. XM also meets the needs of investors who prefer mobile trading on smartphones and tablets. The XM MT4/MT5 mobile apps for Apple and Android offer full trading account functionality and seamless trading from anywhere at any time. Account opening takes about the same effort at FBS compared to XM, deposit and withdrawal processes are somewhat more complicated at FBS, while customer service quality is similar to XM’s. I have been using them for a couple months and changed to my local currency.in doing so, when I deposited money via credit card I was charged a DCC fee. So to reverse the fee I had to withdraw the amount and when i did XM started charging me fees and said I violated their policy.

XM Loyalty Program

Márton founded a venture capital-backed company and led it for 8 years before professionally turning to finance. XMprovides 57 currency pairs, including majors, minors, and exotics. Cryptocurrencies, however, are not included in their product portfolio. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible.

Our mission is to keep pace with global market demands and approach our clients’ investment goals with an open mind. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Some trading strategies like automated scalping may require high leverage while many professional traders do not use much leverage. XM broker says they process nearly all withdrawal requests within 24 business hours. PLEASEEE. IF YOU ARE A SERIOUS TRADER, DON’T TAKE THE BONUS ACCOUNT. Because there is a lot of rules that you need to obey in order to trade at XM.

Also, we found that the service is of good quality with reliable answers, which confirms again XM’s client-oriented policy. Though XM made the software even more advanced and suitable through 16 Trading platforms, which cater just any device including web, mobile, and even multiple accounts trading. So you get full account functionality and make the trading process at ease and comfort if you select the Desktop platform or other versions to trade.

Other Relevant Fees

Trading conditions and the choice of instruments are fine. I have 3200 usd on my account they only paid 300 usd back to me. If you want your money back, I suggest not to sent any money to this SCAM company. Directly accessible just from one account and available in various versions all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders.

• FBS’s service is on par with XM’s and a comparison of their fees shows that FBS’s fees are similar to XM’s.
• Cryptocurrencies are likely to be integrated in the future.
• Every currency has a different interest rate which comes as a calculation.

xm broker and Standard account spreads on all majors start as low as 1 pip, while XM Zero account holders can expect spreads as low as 0 pip. XM requires a $5 minimum withdrawal for Micro and Standard accounts. The XM website is available in 22 different languages, with customer support provided in more than 25 languages. The indices CFDs offered for trading on the XM platform include cash and futures equity indices. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.

XM Ultra Low

XM Education ranked with overall rating 10 out of 10 based on our research. XM provides great Education Materials, quality research and runs its Academy with Webinars, Excellent Trading videos and more. As an example assume that the interest rates in Japan and the US are 0.25% p.a. Respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency. XM offers a huge variety of products so you can enjoy a great choice that meets expectations and preferences. Besides, we see dramatic growth inn instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list.

XM operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases. XM fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tightest spread offering.

The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM operates its trading environment according to the regulatory measures making it a reliable broker. After deciding on a suitable trading account during the registration process, customers can select the trading platform of their choosing. The XM MT5 has all the capabilities of the MT4 platform plus 300 extra stock CFDs, making it the ultimate multi-asset platform. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. It is really important that you do not trade any money that you can’t afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.

Demo accounts have all the features and functions of a real account, including the speed of execution. Traders have access to $100,000 in virtual trading funds with real-time data and analytic tools. XM’s free demo account is popular among traders to practice ideas or even experienced traders to test strategies. Demo accounts have no expiry date, but they are closed when not used for 90 days. The 50% Deposit Bonus up to $500 plus an extra 20% Deposit Bonus up to $4,500 is a two-tier bonus that gives existing clients a considerable advantage to trade with increased capital.

Is XM a regulated broker and by whom?

Most of the https://traderoom.info/s have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites. It is the beginning of the third quarter of the year, which means it’s time for the quarterly reports with the unprofitability percentage from the forex brokers. While the XM Accounting team processes withdrawal requests quite quickly within 1-3 business days it depends on the country the money is sent to, as various rules and policies apply. Moreover, while the majority of brokers still charge for wire withdrawals, XM deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy. Lastly, Zero Accounts will offer you another fee strategy where the spread is an interbank quote starting from 0 pips and the trading charge will be deducted through a commission per lot, see our snapshot below. XM provides traders with the market-leading and highly acclaimed MT4 and MT5 trading platforms available for PC, Mac, mobile , web, and multi-terminal.

In this regard, XM went also far and developed truly wide education support throughout various regions with the purpose to educate traders, which is a great plus for all traders. XM withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. XM applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the XM company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions. A range of trading markets is available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. And so you are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account.

Desktop Trading Platform

The FBS commission-based alternative lists a negative spread on the EUR/USD. XM has lower swap rates on leveraged overnight positions, making overall long-term trading costs cheaper for most trading strategies. Since 2018, XM has provided forex, CFD, and currency exchange services through their mobile, desktop, and MetaTrader platforms.

Higher leverage allows to trade the borrowed capital which increases both the profit potential and the risk of loss. Then it may take another 2-5 business days for the bank to process wire or for card transaction to be reflected in your account. Funds availability depend on the funding method, with card deposit being «instant».

Both brokers segregate client deposits, offer negative balance protection, and have clean regulatory records. The UK and Cyprus subsidiaries offer an investor compensation fund, but the Belize brokerage maintains the most competitive trading conditions. FBS and XM have well-established operating histories and rank among the most trusted and secure brokers in the industry. XM serves 5M+ traders from 190 countries and offers traders one of the most efficient order execution environments, with 2.4 billion trades executed without requotes or rejections. XM maintains the MT4/MT5 trading platforms, a broad-based asset selection, and competitive trading costs. Because it is against XM Broker’s policy to allow for passive investing programmes, the broker’s efforts are directed at providing professional trading services.

Australia Securities & Investment Commission

If you have any questions or problems contact XM broker live chat. Please read XM Reviews below and share live trading experiences with this broker. It’s nice to have an option of choosing the leverage as I implement several trading approaches.

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. If you’re looking for a broker, pick one that’s available whenever you need it. XM’s Customer Support is staffed by trained experts around the clock, seven days a week. The answers to your questions can be found on a detailed FAQ website within a matter of minutes, whenever you need them.

ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC’s authority and scope were determined by the Australian Securities and Investments Commission Act, 2001. Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level. XM Zero accounts feature near-zero spreads (EURUSD average spread is as low as 0.1 pips) and a no requotes execution policy with all trading styles welcome.

Most problem is came out from the bonus account user who against the rule. This cannot be deemed as an acceptable strategy as you create an environment which does not follow the fair rules of trading and makes the strategy in a way risk free and therefore not permitted. It should be also noted that the latter constitutes a violation of our terms and conditions of business. After recieving the email of verification, i decided that i will not deposit now , and i asked for the 30 usd free bonus to try the broker….. XM have problem withdrawal via online bank transfer is under maintenance over one months, support not responsible, be carful everyone. In addition, we found numerous XM’s add-ones allowing you to enjoy extra benefits that the platform offers.

• For faster XM withdrawal you may opt for the e-wallet, this payment is received the same business day.
• In terms of research tools and Market materials, it is in good order at XM too.
• People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Also, XM spread is a fractional pip price that gets the best prices from XM’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within XM review. WikiFX Internet and its mobile products are an enterprise information searching tool for global users.

While neither broker offers an in-depth choice, XM supports better diversification. The roles reverse for cryptocurrency traders, where FBS maintains 30 cryptocurrencies and XM only lists five. The XM asset selection is notably broader, appealing to more trading strategies and providing cross-asset exposure.. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.

So truly worldwide traders can enjoy great customer-oriented features XM offers and engage in all the trading benefits relatively easily. However, the point to consider is that – global operation enabled by XM Global Limited established in 2017 is regulated by the Financial Services Commission, allowing to offer its services across the globe. Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the XM makinng it an acceptable choice. We consider XM a safe broker to trade Forex and CFDs, since XM is regulated and licensed by several top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.