XM Review

In this competitive trading era, XM is a renowned name. The organization was founded in 2009 and has been extremely successful. It’s presence is noticed across different parts of the world. Unlike many other forex brokers, XM is regulated and carefully defined. They trade with numerous financial instruments. XM is directly linked with Forex markets, CFDs and commodities. A major reason behind its growth would be the fact that it is a Cyprus based company. Cyprus plays an integral role in the Eurozone. This clearly proves that XM needs to meet minimal fiduciary requirements. Moreover, the organization is registered with UK’s Financial Services and the Federal Financial Supervisory Authority of Germany. In other word XM is Licensed & Regulated By FCA(UK), ASIC(Australia) & CySEC(Cyprus) & More .This provides more protection to ambitious traders.

Very Many Trading Platforms

Just like its competitors and predecessors, XM has several trading platforms. If you are planning to trade in XM, you can choose from a wide range of options. Two interesting trading platforms in XM would be as follows:

1)      XM Metatrader 4 – This is identified as one of the world’s most reliable and famous trading platforms. Thus, it is not surprising why XM depends on this platform for its trading needs. All XM clients will be able to use this platform for forex trading. Metatrader 4 comes with many tools for set up, trading and for traders. You can engage in manual or automated trading. Expert Advisors are there to help you with the trade.

2)      XM Web Trader – this gives clients a perfect channel to various financial markets. You should have a working internet connection to use this platform. However, you don’t have to download a special software package to use its features. XM Web Trader is famous for its reliable and failsafe nature.

3)      XM Mac MT4 – As suggested by its name, this XM trading platform is compatible with MAC. This is one of MT4’s most reliable platforms. You can use this platform with Apple Computers and you are not expected to run any windows emulators or desktop machines.

4)      XM MT4 MultiTerminal – If you are focusing on money managers and efficient trading methods, MT4 will be an ideal platform for you. This platform allows users to have multiple accounts. You can use these accounts to run multiple order types. The only feature absent in this platform would be tech analysis. However, you can access real time system alerts and financial news on the go. The MultiTerminal is neatly designed to support users manage as many accounts as possible.

5)      XM Metatrader5-

XM MT5 comes with even better trading conditions and also more financial assets to trade on the web.

Main Features

  • Multi-asset platform for over 300 instruments
  • Ability to display 100 charts simultaneously
  • Supports all order types, including market, pending, stop orders, and trailing stop
  • Over 80 Technical Indicators and over 40 Analytical Objects
  • Fundamental analysis & news streaming
  • Superior built-in MQL5 development environment
  • Mobile trading for Android & IOS
  • Web trading for Windows, Mac, Linux operating systems
  • Internal mailing system
  • Multi-currency tester and alerts

N.B. On the MT5 platform you can trade all the instruments available at XM including Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies

Enjoying Round the Clock Support

A key selling point of XM would be its round the clock support team. The support team has met and exceeded the expectations of clients. The team offers amazing support in 20 different languages. It is quite interesting to note that they serve clients in more than 196 nations. All your interactions with the XM team will be prompt and meaningful. You can contact the support team via Livechat and telephone at anytime and from anywhere.

Unique Features of XM Forex Broker

Four types of FX trading accounts

XM has 4 different types of accounts to choose from. These accounts are very specific in terms of features provided, and so traders must choose what suites them most.

  1. a) XM Zero

In this account type, spreads are as low as 0 across 56 asset pairs. Gold and silver is also included in this account as well. The typical leverage of this XM account is 500:1, although you can request to change this as well.

  1. b) Micro-trading account of XM Reviewed! 

If you are not comfortable with instantly taking a high risk approach towards trading, this account is ideal for you. This account is affordable to all investors because the minimum investment needed is just $5.

  1. c) Standard trading account

Those who have traded FX before should use this account since it is only suitable for the pros. The benefits of this account type are similar to those found in the Micro-trading account. The only difference here is that you can always adjust your trade volume upwards in standard lots. Standard lots cannot be traded on a Micro-account. You are entitled to get a lot of XM broker bonuses in this account.

  1. d) Islamic account

Even though XM broker is an international Forex broker with a global appeal, our XM broker review found that the platform allows investors to trade in line with their religious beliefs. This account basically offers an opportunity to trade according to Sharia practices.

  1. e)  Managed Forex account of XM Trading

If you don’t have knowledge on trading and would still like to earn from Forex trading, a managed account can give you the opportunity to do so. This account is managed by a professional who will offer help when it comes to managing funds and offering appropriate advice for investing in the money markets.

To open a free account with this excellent broker pls visit

Pros

  • XM broker is licensed and regulated by the EU, CySec, FCA and ASIC
  • You will have Tight Spreads from 1 Pip
  • Very flexible Leverage for you which is up to 888:1
  • There are no commissions charges
  • You can have up to $5,000 deposit bonus
  • 24-hour customer support for 5 days
  • There are no Re-quotes in this platform
  • Withdrawals process is fast and easy and normally it take 24 hour
  • You will have multiple withdrawal and deposit methods
  • There are no fees for depositing and withdrawing
  • You can have a Personal Account Managers
  • This broker offering Automated Trading System
  • Trading via phone is available
  • One click trades are allowed
  • They have trailing stops
  • Hedging is allowed
  • Scalping is also allowed
  • Offering VPS services for you
  • Offering DMA/ECN/STP Account for the traders
  • Offers Islamic accounts for the Muslim countries (If you want)
  • You can access this platform in multiple languages
  • This platform is suitable and reliable for all types of traders with an amazing trading platform
  • You can have a leverage of up to 888:1
  • With a short transaction time, they guarantee you No re-quotes
  • Helpful and effective customer service and available for 24/5
  • They have multiple methods for contacting with you, their customer support has email, telephone, fax and live chat
  • This broker has more than 100 assets for you to trade
  • Webinars and training resources is available for the traders
  • Free Forex signals
  • This platform has negative balance protection
  • 8 trading platforms you will have for trading
  • Demo Account is available for unlimited time
  • Up to $5,000 deposit bonus
  • Efficient trade execution rate is 99.35%
  • There is no rejection, 100% execution

Cons

  • XM broker does not accept PayPal
  • This broker does not offer any EFTs
  • They also do not offer Equities
  • You have to pay an inactivity fee per month which $5
  • There is no weekend customer service assistance for your queries
  • The benefits difference between different trading accounts is not so much

Finally,this forex broker is completely regulated by the CySec, FCA, and ASIC, so need not to worry about this broker. They are an international forex broker and their head office is in Limassol, Cyprus.

After the establishment in 2009 of the business transparency, professional customer communication, and amazing trading conditions they become a giant forex broker. With the full authorization of European Union which includes the BaFin, CNMV, FIN, FI and AFM they are operating their services.

Based on the above facts we highly recommend you to open a free XM account at once!

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