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91. XM Review (A-Z) | Forex Broker House Review | Forex BD

Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT

If you’re looking for a reliable and user-friendly broker, XM Broker could be the perfect choice for you. In this article, we’ll dive deep into XM Broker’s features, advantages, disadvantages, and overall performance to help you make an informed decision.

Introduction: What is XM Broker?

XM Broker is a leading online brokerage firm that offers trading services in various financial markets. Founded in 2009, the broker has a strong reputation for providing high-quality services, cutting-edge trading tools, and excellent customer support. With over 3.5 million clients in 196 countries, XM Broker has become one of the most popular choices for traders worldwide.

Pros and Cons of XM Broker

Before we dive deeper into the features of XM Broker, let’s first take a look at some of its advantages and disadvantages:

Pros

  • A wide range of trading instruments, including forex, stocks, commodities, and cryptocurrencies.
  • Multiple account types, including Micro, Standard, XM Ultra Low, and Shares accounts.
  • User-friendly trading platforms, including MetaTrader 4, MetaTrader 5, and XM WebTrader.
  • Competitive spreads and low trading fees.
  • Excellent educational resources, including webinars, seminars, and trading guides.
  • 24/5 customer support in multiple languages.

Cons

  • Limited trading instruments for Shares accounts.
  • No support for social trading platforms.
  • Withdrawal fees for some payment methods.

Features and Benefits of XM Broker

Now, let’s dive into the specific features and benefits of XM Broker:

Trading Instruments

XM Broker offers a wide range of trading instruments in different asset classes, including:

  • Forex: over 55 currency pairs, including major, minor, and exotic pairs.
  • Stocks: over 1,200 stocks from major exchanges, including the NYSE and NASDAQ.
  • Commodities: gold, silver, oil, and other major commodities.
  • Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple.

Account Types

XM Broker offers various account types that cater to different trading needs:

  • Micro Account: a great option for novice traders with a minimum deposit of $5.
  • Standard Account: ideal for more experienced traders with a minimum deposit of $5.
  • XM Ultra Low Account: perfect for scalpers and high-volume traders with ultra-low spreads starting from 0.6 pips.
  • Shares Account: designed for trading CFDs on stocks with direct market access to over 1,200 shares from major exchanges.

Trading Platforms

XM Broker provides its clients with access to multiple trading platforms, including:

  • MetaTrader 4: the world’s most popular trading platform that offers advanced charting tools, customizable indicators, and expert advisors.
  • MetaTrader 5: an advanced trading platform that offers more features and improved performance compared to MT4.
  • XM WebTrader: a web-based platform that allows traders to access their accounts from any device with an internet connection.

Spreads and Fees

XM Broker offers competitive spreads starting from 0 pips and low trading fees. The broker charges no commission for forex and commodity trading, while shares trading fees start from $1 per lot. XM Broker also offers a fee-free deposit and withdrawal process for most payment methods, except for some wire transfers and credit cards.

Educational Resources

XM Broker provides its clients with a wide range of educational resources, including:

  • Webinars: live online seminars hosted by trading experts.
  • Seminars: in-person events held in major cities around the world.
  • Trading Guides: comprehensive guides that cover various trading topics.

Customer Support

XM Broker offers 24/5 customer support in multiple languages through various channels, including phone, email, live chat, and social media. The broker’s support team is known for its quick response time and professionalism.

XM Broker’s Performance

In terms of performance, XM Broker has a lot to offer. The broker has won numerous awards for its services, including the Best Forex Service Provider at the 2020 City of London Wealth Management Awards. Additionally, XM Broker has a robust security system that ensures the safety of clients’ funds and personal information. The broker is regulated by several reputable authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC).

Conclusion

In conclusion, XM Broker is an excellent choice for traders looking for a reliable and user-friendly broker. The broker offers a wide range of trading instruments, multiple account types, user-friendly trading platforms, competitive spreads and fees, excellent educational resources, and 24/5 customer support. While XM Broker may have some minor drawbacks, such as limited trading instruments for Shares accounts and withdrawal fees for some payment methods, these are outweighed by the many advantages of the broker.

Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Top 10 Forex Brokers List
5/5

Name

Details

Rating

Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Max. Leverage: 1:100 | 1:2000 | Unlimited
Trading Platforms: MT4, MT5, Web Trader

Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation:  CySEC #183/12,  FSC Mauritius #C110008214 ,  SVGFSA #22747 IBC 2015,  FSA S #SD015,  FSCA #46632,  DFSA #F004885,  FCA #801701
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Min. Deposit: 10US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: ASIC #426359, FSC #IFSC/60/230/TS/18, CySEC #331/17, FSCA #50885
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT
 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Most Visited Forex Brokers
5/5

Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.

Some Reliable & Popular Online Trading Deposit Payment Methods
5/5

Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.

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Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience.
Disclaimer : Forexbd.ltd is not encouraging anyone to do forex/stock trading, as there are investments and financial risks involved. ForexBD channel or videos are educational and informative. Before deciding to invest in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.

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