XM Forex Broker Review

XM Forex Broker Review

Let’s start with XM forex broker review 2020 and see how XM trading compares with trading at other forex brokers online.

Who Runs XM App & Website

Doing a xm forex broker evaluation, we found out the following.

XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC
120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is
regulated by the Australian Securities and Investments Commission (ASIC 443670) and
XM Global Limited was established in 2017 and is regulated by the International Financial
Services Commission (000261/106).

XM.com Deposit Methods

Forex broker XM offers a wide range of payment options for deposits/withdrawals:

  • multiple credit cards,
  • multiple electronic payment methods,
  • bank wire transfer,
  • local bank transfer,
  • and other payment methods.

The minimum deposit/withdrawal amount is only 5 USD.

Open XM Account then found it with multiple payment methods.

XM.com Advantages vs Other Brokers

xm forex broker review

XM forex broker offers mt4, mt5 and webtrader trading platforms for pc, mac, tablet and smartphones.

XM Customer Support

Here is where xm forex broker shines above competition.

XM client support speaks over 25 languages – English, Greek, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu, Thai, Nepali, Tagalog, Vietnamese, Cebuano and Serbian. 

XM Forex Broker Promotions

Currently xm broker offers free vps services and no fees on deposits and withdrawals for their clients.

At the moment of writing this review, we looked for xm deposit bonus.

We found out that xm.com bonus for trading financial markets goes as high as $5,000.

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.

Is XM Regulated

Yes, XM is multi-regulated by CySEC (EU), ASIC (Australia), IFSC (Belize) and DFSA (UAE).

XM Group is a group of regulated online brokers.

Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10).

Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/106).

This puts XM broker as one of the heaviest regulated forex broker online. Big thumbs up.

Is Trading With XM Secure

With all the financial regulators and licenses that XM broker have, the answer is a big YES.

XM Account Types

3 different xm.com account types are offered – micro, standard and xm zero trading account.

xm.com forex broker review

Final Thoughts On XM Broker

XM broker is doing so many great stuff in the eyes of traders still thinking to open account with them.

  • multi-regulated by CySEC (EU), ASIC (Australia), IFSC (Belize) and DFSA (UAE),
  • having over 3.5 million clients in almost 200 countries,
  • providing customer support in over 25 languages non-stop from monday to friday,
  • received numerous awards for being one of the best forex brokers in the world.

You can also read our Forex Brokers Reviews category to read the evaluation of all the forex brokers tested.

With this we end our XM forex broker evaluation and review.

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