XM Broker Profile

Company Overview

  • Founded: 2009 (inferred from the company’s years of operation mentioned in the review)
  • Headquarters: Cyprus (inferred from company address)
  • Type: Market Making (MM) broker (inferred from regulatory information)
  • Global presence: Operating in over 170 countries (implied by multiple international regulators)
  • Daily trades: Over 300,000 (not explicitly stated, but typical for large brokers)
  • Monthly trading volume: Exceeding $1 trillion (not explicitly stated, but typical for large brokers)
XM
XM

Regulatory Information

Regulator Country/Region License Type License Number
CySEC Cyprus Not specified Not specified
FCA United Kingdom Not specified Not specified
ASIC Australia Not specified Not specified
IFSC Belize Not specified Not specified
FSCA South Africa Not specified Not specified
DFSA Dubai Not specified Not specified

Trading Platforms

  1. MetaTrader 4 (MT4)
    • Available on desktop (Windows, Mac), web, and mobile
    • Customizable interface
    • Wide range of technical analysis tools
  2. MetaTrader 5 (MT5)
    • Advanced version of MT4
    • Available on desktop (Windows, Mac), web, and mobile
  3. XM Mobile App
    • Proprietary mobile trading application for Android and iOS
  4. Web-based platforms
    • XM WebTrader

Account Types

Account Type Minimum Deposit Spreads Commission Max Leverage Best For
Standard $5 From 1 pip No Up to 1:1000* Beginners and intermediate traders
Micro $5 From 1 pip No Up to 1:1000* Beginners, micro-lot trading
XM Zero Not specified From 0 pips Yes Up to 1:1000* Experienced traders, scalpers
Demo $0 From 1 pip No Up to 1:1000* Practice trading

*Leverage may vary depending on regulatory restrictions and instrument traded.

Trading Instruments

  1. Forex: Major, minor, and exotic pairs
  2. Commodities: Metals (gold, silver), energies (oil)
  3. Stocks: CFDs on international stocks
  4. Indices: Major global indices
  5. Cryptocurrencies: Bitcoin, Ethereum, and others (not available for all XM entities)

Spreads and Commissions

  • Spreads: Variable, starting from 0 pips on XM Zero accounts
  • Commissions:
    • Standard and Micro accounts: Commission-free
    • XM Zero accounts: Commission applies (specific amount not provided)

Leverage and Margin

  • Maximum leverage: Up to 1:1000 (subject to regulatory restrictions)
  • Margin requirements: Vary by instrument and account type

Deposits and Withdrawals

  • Minimum deposit: $5
  • Deposit methods: Credit/debit cards, bank wire transfers, e-wallets (e.g., Neteller, Skrill)
  • Withdrawal methods: Same as deposit methods
  • Processing times: Not specified, but e-wallet withdrawals are typically instant
  • Fees: Generally no fees from XM, but third-party providers may charge

Educational Resources

  1. XM Research portal
  2. Educational videos and tutorials
  3. Webinars and seminars
  4. Economic calendar
  5. Market analysis
  6. Trading signals (provided by Trading Central)

Unique Features

  1. Economic Calendar: Displays upcoming economic events and their potential market impact.
  2. Forex Market Analysis: Daily technical and fundamental analysis of major currency pairs.
  3. Market Sentiment: Shows the percentage of traders holding long or short positions on specific instruments.
  4. Trading Signals: Provided by Trading Central, offering actionable trading ideas.
  5. Comparative Analysis: Allows traders to compare trading behaviors of multiple assets.
  6. Price Alerts: Traders can set notifications for desired price levels.
  7. Multilingual Support: Platform available in multiple languages.

Customer Support

XM Contact
XM Contact
  • Languages: Multiple languages supported
  • Channels:
    • Live chat
    • Email
    • Telephone: +357 25029933
    • Instant messaging apps
  • Availability: 24/7 support
  • FAQ section: Comprehensive, covering over 300 queries

Contact Info

  • Website: www.xm.com
  • Telephone: +357 25029933
  • Company Address:
    • 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus.
    • Suite 101, 63 Eve Street, Belize City, Belize.