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XM Review

4
Platform
4
Fees
5
Customer service
4
Features
Ratings (1 vote) {{ reviewsOverall }} / 5

Read this XM broker reviews before opening your account. Is this a reliable Forex broker? Find out more with our FXCracked Forex broker review of XM. 

XM is an online CFD and FX broker whose parent company is Trading Point Holding which was founded in 2009. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC/120/10), the Australian Securities and Investments Commission (ASIC 443670), and the International Financial Services Commission (000261/106).

We have done an extensive review of the company and found it legit and recommendable. This broker provides maximum flexibility on deposit and withdrawal requirements for all traders.

At FXCracked.com, we have a readers-first policy. Thus, we always put our readers’ safety as a priority in our business line. We will never satisfy ourselves with brokers’ public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly.

4.3 /5 (1 vote)

OVERVIEW

  • Minimum Trade Size 0.01
  • Maximum Leverage 888:1
  • Minimum to Open Live $5
  • Address :

    12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

  • Contact :

    [email protected], +357 25029933

  • Regulators :

    ASIC #443670, IFSC #000261/158, CySEC #120/10, DFSA #F003484

  • Trading platforms : MT4, MT5
  • Web Trading : Yes ✅
  • Mobile Trading : Yes ✅
  • Currencies : (55+)
  • Cryptocurrencies :

  • CFD :

    (940+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

  • EAs/Robots : Yes ✅
  • News Spike Trading : Yes ✅
  • Scalping : Yes ✅
  • PAMM : No ❌

Frequently Asked Questions About XM

XM offers a demo account.
Please note that the list of payment methods below depend on the XM Entity and the Client’s Country of Residence. XM offers the following funding payment methods Credit cardsDebit cardsBank TransferElectronic wallets (eWallets)MonetaABAQOOSPRZELEWY24NetellerPerfectMoneyWebMoneyUnionPayFasaPayCashUPayzaQIWISOFORTGiropayPayoneerSkrill, among other payment methods.
XM is considered safe as they are regulated by and checked for conduct by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Any payments funded to XM accounts by traders are held in a segregated bank account. For added security, XM uses tier-1 banks. Tier 1 is the official measure of a bank’s financial health and strength.
XM is considered excellent and reputable to trade with XM. XM is used by over 3,500,000 active traders and XM users. XM offers Forex trading and CFDs trading. The minimum deposit with XM is 5.
XM was founded in Cyprus in 2009, and they have been facilitating trade on the financial markets for over 12 years. They offer clients Forex trading and CFDs trading. All funds deposited to XM have been held in segregated tier 1 bank accounts for security. XM is regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), so it can be considered legit.
XM is regulated by the top tier financial regulators International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), so it can be considered a good broker. XM allows Forex trading and CFDs trading.
XM can be very trusting because all money funded to XM is placed into a segregated tier 1 bank account. This means your money is not held by XM directly by a tier 1 bank. The broker has no direct access to your funds, so you cannot misappropriate your money. Also, XM is regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).
The minimum deposit to trade with XM is 5.
Withdrawing money from XM processing time varies but averages 2-5 days.
XM is currently regulated by the International Financial Services Commission (IFSC) and Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). Regulatory bodies conduct regular reviews and audits as part of XM maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
XM is a market maker. Stocks, currency and other commodities and instruments will be purchased by XM even if no buyer is lined up.

When opening a forex trading account with XM, you will need to sign up here. Once you have received your login details and instructions by email, submitted your identification documents for account validation, and made a deposit, the next step is to download the trading platform of your choice.

XM is currently regulated by the International Financial Services Commission (IFSC) and Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). One of the essential criteria for traders when choosing a broker like XM is the broker’s regulatory body and regulatory status. Brokers who conduct business without regulation pose an immediate risk to the security of their client’s money. Regulated brokers will not manipulate forex market prices. When you send in a fund withdrawal request to XM, this will be honored. If they violate any regulatory rules, their regulated status can be stripped.
XM is regulated and well established having been in business for over 12 years. XM is definitely not a con.
Even though traders have had great success with XM, trading on the financial markets with XM is not a get-rich scheme. If you educate yourself, practice with a demo account, and carefully plan your trading, your chance of success will significantly increase. Never risk money you cannot afford to lose. 
XM doesn’t charge withdrawal fees. XM does charge a fee for inactive accounts. XM doesn’t charge deposit fees.
XM was founded in 2009.
XM is used by over 3,500,000 registered XM users.
XM has its head quarters office in Cyprus.
XM does not offer guaranteed stop loss.
XM does not provide services to residents in the United States of America, Canada, and Israel.
XM offers scalping.
XM offers hedging.
XM offers CFD trading.
XM does not offer STP trading.
XM does not offer ECN trading.
XM offers a Islamic accounts.
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