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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 :

    support@xm.com, +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 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).

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.
XM was founded in 2009.
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 a Islamic accounts.
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