XM

Company information

Company name
XM Global Limited
Website
xm.com
Company Headquarters
Belize, C.A.
Commissions
No
Account Minimum
$5

XM

Ratings :
4.6/5
XM was founded in 2009 and has grown to become one of the leading forex brokers in the industry with its 5,000,000 clients spread across 196 countries. XM is known for its security, trading platforms, multilingual customer support, and quality educational material. All their services are highly market competitive that has led them to top ranks in the forex brokers business. They offer a good variety of trading instruments including forex, stocks, CFDs, equity indices, energies, commodities, precious metals, and shares.

How to Open an Account?

To open a trading account with XM Trade you need to follow these steps. If the information provided by you is correct then it takes only 5 minutes to open the account with this broker.

Trustworthy

Ratings :
4/5
When it comes to the matter of security and trustworthiness then, XM can be considered a reliable forex broker. XM Global Limited is authorized and regulated by the International Financial Services Commission (IFSC) and Trading Point of Financial Instruments Limited, authorized and regulated by Cyprus Securities and Exchange Commission (CySEC), are members of Trading Point Group.
They also have a good reputation for being a safe forex broker due to their multiple security methods. Most importantly they offer negative balance protection and have segregated bank accounts to keep the clients’ money safe.
For their security and trustworthiness, we would like to give them 4 out of 5 stars.

Expense & Charges

Ratings :
4/5
The expenses and charges for all account types offered by XM are different but overall they do seem to have lower rates as compared to the industry norm. To give a general idea, this broker’s standard account charges are as follows:
  • Account Minimum: $5
  • No Commissions
  • No withdrawal fees
  • Minimum spreads: 1 pip
  • Offers a deposit bonus of 20%.
  • Islamic account option is available.
At a glance their charges seem really low with only a $5 minimum deposit, however, their spreads which are at 1 pip are a little concerning as there are brokers that offer as low as 0.1 pips on spreads. This means in the long run the charges will become costly.

For their charges and expenses, we would like to give them 4/5 stars.

Trading Platform

Ratings :
4.6/5
The trading platform offered by XM is called MT4 and MT5 which are third-party platforms that are used widely by forex investors across the world. Trading platforms are available for web, mobile (Android and iOS), and tablets. This platform is quite easy to navigate and use by all levels of learners. Moreover, it has multiple features including multiple charting tools, indicators, single-click trading, and hedging.
Their trading platform has everything a trader might need so even if they do not have a proprietary platform, they are doing pretty good in this area as well for which we would rate them 4.6/5.

Learning Material

Ratings :
4.8/5
Educational support is also very necessary for the customers so that they can improve and enhance their skills. XM is doing really well in this area with their research and learning center including market overview, news, research material, trade ideas, technical summaries, economic calendar, XM TV, podcasts, live education, educational videos and tutorials, forex webinars, and seminars. It could be seen that they have very carefully developed their learning material with various options and mediums to teach their customers.
Their learning material was of high quality and standard for which we would give 4.8/5 stars.

Customer Support

Ratings :
4.4/5
XM has quite a good reputation for providing the best personal customer service. Their services are available through call, live chat, and email that are the basic options available. However, their customer services are available 24 hours a day, 5 days a week, which is a little downside as some of their competitors offer 24/7 quality customer support to their clients. The customers can need your assistance anytime and to provide the best support you need to be available round the clock. One plus point they do have is that they offer support in over 30 languages.
For their customer support, we would like to rate them 4.4/5 stars.
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Naseem Qureshi
Naseem Qureshi
6 months ago

Best choice among all forex brokers. Happy to be working with them.

Khalid butt
Khalid butt
6 months ago

XM is the worst! Do not work with them unless you want to lose all your capital.

Rana Fareed
Rana Fareed
6 months ago

Everything with this broker has been going well since I joined recently. I like that they have multiple technical analysis tools and their summaries are of great help.

Maheen Rajput
Maheen Rajput
6 months ago

 I have to warn everyone, please do not join this broker, they do not let you withdraw. When I deposited my money it was all good when it came to withdrawing I didn’t get anything back.

Akhmat Mehmood
Akhmat Mehmood
6 months ago

My money is stuck with them, their customer service misdirects you, keeps lying, and gives excuses. Stay away from XM.

Asim Ali
Asim Ali
2 months ago

Awesome broker ever, specially thier analytical tools are easy to use.

Almas Khan
Almas Khan
1 month ago

Overall performance of this broker is excellent. I notice slippage however it is very minimal and got minimal losses as well. For over a year, I am still getting great profit and I am happy with the services.

Zakariya
Zakariya
1 month ago

Beware, do not use this joker broker. Incompetent and untrustworthy. It takes too long for deposits and withdrawals. Insanely high spreads and no rollover interests.

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