XM
About XM
XM was founded in 2009 and has expanded into 196 countries around the world. With over 3.5 million clients, XM has become a large and well-established industry leader. XM is regulated through the Cyprus Securities and Exchange Commission (CySEC) and is also licensed as a registered investment firm in the United Kingdom, Germany, Spain, Hungary, Italy, France, Finland, Poland, Netherlands and Sweden. It offers more than 1000 trading instruments with CFDs on forex, indices, stocks, commodities, metals and energies.
Spreads
XM offers tight spreads as low as 0.0 pips on all major currency pairs and the lowest possible spreads for all trading account types. In order to keep spreads as narrow as possible, they aim to get optimal prices from all their liquidity providers. Their electronic pricing engine allows XM to update prices on every currency pair three times per second and so their prices reflect the current global forex market levels.
Trading Accounts
XM offers a range of trading accounts to suit different needs and trading styles. Clients can choose between Micro, Standard and XM Zero accounts. Both Micro and Standard accounts match the needs of beginner and experienced traders with flexible trading conditions.
Account Funding
The broker offers a wide range of payment methods for deposits and withdrawals which include multiple credit cards, bank wire transfers, local bank transfer, multiple electronic payment methods and other payment methods. XM does not charge any fees for their deposit and withdrawal options. They cover all transaction fees with bank wire transfer for amounts over 200 USD.
Trading Platforms
XM offers 2 groups of trading platforms for clients to choose from. They can trade instruments through MetaTrader 4, MetaTrader 5 and XM WebTrader.
MetaTrader 4, the most popular and reliable trading platform, is suitable for beginners and experienced traders. It provides essential tools and resources needed for successful online trading performance. With the XM MetaTrader 4 platform, traders can benefit from spreads as low as 0 pips, leverage up to 1:30 and trade over 1000 instruments.
MetaTrader 5 offers all the pioneering features that MetaTrader 4 has with the addition of 1000 CFDs on stocks, making it the ideal multi-asset platform. It also has more technical analysis tools, order types, timeframes, and graphical objects. It also offers automated trading, with MQL5 coding language.
Clients can trade on XM’s WebTrader MT4 and MT5, both available on PC and MacOS with no additional software needed to be downloaded.
Education and Research
XM offers many forms of training and educational resources. XM Live is a unique educational resource which offers a podcast for traders to listen to learn about their products and XM will provide the answers to any trading-related questions. XM Live also provides daily competitions where clients can win prizes.
XM also provides live webinars and educational videos to support their traders. Most of their educational content is through videos, making it easier to learn and keep track of.
All of XM’s educational resources can be found on their website under the Learning Center tab and include XM Live, Live Education, Educational Videos, Forex Webinars, Platform Tutorials, and Forex Seminars.
XM offers partnership opportunities through their IB and Affiliate Programs. IBs and affiliates from 196 countries have chosen to partner with XM. These programs offer all their partners a great way of maximising their income.
The benefits of XM’s partnership programs include payments of CPA up to $650, regular weekly payments and unlimited earning potential as there are no limits on commissions per client.
XM’s support team provides a high standard of customer support in more than 30 languages. Clients can contact XM via email or live chat from Monday to Friday.