A TopBrokers360 XM Review for 2023
Your All-Encompassing Platform
XM is a globally renowned trading platform offering forex and CFD trading services since its inception in 2009. Based in Cyprus, this investment broker aims to be a trailblazer in the world of online trading by providing cutting-edge tools to meet the demands of traders who seek to invest in global markets. With its top-notch features and services, XM is a go-to choice for traders worldwide.
When it comes to trustworthiness, XM is a name that commands respect. Its parent company, Trading Point Holdings Ltd., is a regulated entity that abides by the standards set by multiple financial authorities worldwide. These include the Cyprus Securities and Exchange Commission (CySEC 120/10), Australian Securities and Investments Commission (ASIC 443670), Financial Services Commission in Belize (000261/309), and the Dubai Financial Services Authority (DFSA reference no. F003484).
Pros and Cons
Pros:
- Zero Commission in Low Micro and Standard Accounts
- Minimum Deposit: $5
- Free Demo Account
- Speaks 25 Languages
- Lightning-fast order execution in under a second.
- Advanced Financial Platforms
- Over 1000 Instruments
Cons:
- Does not Offer Support for ETF Trading
- No Bonuses
User-centric Trading Platforms for Superior Trading Experience
Image source: XM Trading Platforms
Image source: XM Trading Platforms
This FX broker offers a range of options to suit every trader’s preference. You can choose from the trusted MetaTrader4 (MT4), the award-winning XM custom-designed Web Trading Platform, or the multi-asset platform, MT5.
As a trader, choosing the right platform is crucial to your success in the forex market. So if you are looking for a platform that’s both familiar and comprehensive, the MT4 is the go-to choice. With this platform, you’ll have access to all the most popular instruments available at XM, including Stock Indices, Forex, Precious Metals, and Energies.
However, if you are looking for something more advanced, the MT5 multi-asset platform is a must-do for you. Not only does it offer all the same pioneering features as the XM MT4, but it also includes 1000 CFDS on stocks (shares) for even more trading options.
For those who prefer a custom-designed platform, XM’s Web platform is a perfect choice. With advanced charting solutions and a suite of technical analysis tools, this platform is ideal for traders who want to empower their trading ideas.
Prefer to trade on the go?
The easy-to-use, award-winning XM mobile app from Financial Expo Egypt 2022 can be the ultimate solution to your daily trading needs.
- Take Advantage of VPS Functionality
- Enjoy the Complete EA (Expert Advisor) Capability
- Access to Over 1000 Instruments,
- Benefit From Ultra-Low Spreads
- Full EA (Expert Advisor) Functionality
- Utilize Advanced Technical Analysis Tools
- Experience Real-Time Interactive Charts
Explore 1000+ trading instruments, 50+ global currency pairs and more!
Revolutionize your trading experience with a user-friendly app for popular instruments!
XM offers a comprehensive range of trading services that are tailored to meet the diverse requirements of traders dealing with preferred FX and CFD products. You can choose from an impressive selection of over 1000 Trading Instruments that include the biggest names like Facebook, Coca-Cola, and ExxonMobil. Additionally, traders can access a reasonable number of global currency pairs, ensuring maximum flexibility and convenience.
*CFDs are not available to all the entities of the Group
Instruments:
- Explore an extensive selection of trading instruments with XM, including over 1000 choices ranging from Forex to CFDs on stocks, indices, metals, energies, and commodities such as sugar, cocoa, and wheat.
- Access over 50 global currency pairs and trade on major global indices, including CFDs on over 600 companies.
- Trade on precious metals like gold, silver, and palladium, as well as oil, gas, and all major energies.
Discover XM’s Array of Account Options and Choose Your Perfect Fit!
Tailor Your Trading Experience with 3 Account Options
When it comes to a beginner or a seasoned trader, the broker’s 3 different account types are designed to cater to their individual needs and trading experience. With Zero Commission in Low Micro and Standard accounts, traders have ample account options to get into the trading groove.
XM offers a range of trading account types, including Low Standard, Micro and XM Zero accounts. The first 2 types of accounts do not charge any commissions whereas the XM Zero account has a $3.5 commission per $100,000 traded.
*Please note that the XM Zero account is not available to all the entities of the XM Group.
*XM Global provides an Islamic “Shares account.”
Image source: XM Trading Accounts
Committed to Regulatory Compliance
For comprehensive information on XM’s licensing, regulations and legal documents please refer to this link.
XM is a broker that is renowned for its dedication to regulatory compliance. The company has taken great strides to ensure that they’re fully authorized and licensed by top financial regulatory bodies like the Cyprus Securities and Exchange Commission (CySEC 120/10), as well as the Australian Securities and Investments Commission (ASIC 443670), among others.
Trading Point Holdings Ltd is the parent company of XM.
Trading Point of Financial Instruments UK Limited, is also authorised and regulated in the United Kingdom by the Financial Conduct Authority (reference number 705428).
Learn with XM’s Educational Resources
Image source: XM TV
Image source: XM Podcast
Image source: XM Webinars
Innovative Educational Resources – Live TV, Podcasts, Webinars, and More
XM takes the education and training of traders to heart, and they back it up with cutting-edge resources. You can tailor your learning experience to your unique needs and preferences with various educational materials. From comprehensive courses to interactive webinars, XM has got you covered.
Connect with the XM Support Team Anytime, Anywhere
At XM, delivering unparalleled customer service is a top priority. They have a team of knowledgeable and experienced professionals at their client support center, who are always ready to assist traders with any questions or concerns they may have.
To enhance its relationship with clients, XM provides an advanced and innovative Help portal that offers all the vital information needed to ensure a seamless trading experience. This way, they can stay connected with their clients and provide them with the best possible support.
Image source: XM Help Portal
With its game-changing technology and pioneering features, XM has racked up an impressive collection of prestigious awards that recognize its boundless creativity and commitment to innovation.
Image source: XM Trading Awards
