XM TRADER
Over a thousand different financial instruments from the XM Group are offered for trading on the MT4/MT5 platforms as well as the XM app. These products include Forex trading, CFDs on a range of assets such as cryptocurrencies, equities, commodities, equity indexes, precious metals, and energy products, as well as other financial products. With an amazing track record of completing over 99% of trades in less than one second, the platform is renowned for its dependable and blazing-fast order execution. More than 10 million traders from more than 190 countries use XM, which also supports more than 25 languages.
XM prioritizes user demands by providing a blend of important features, such as security measures, thorough customer service, user-friendly account funding and withdrawal processes, and low-cost structures while adhering to strict legislation throughout pertinent jurisdictions. Because of this special combination, XM is positioned as a wise solution for both novice traders eager to start a trading adventure and seasoned traders looking to enhance their professions.
Table 1: Overview of XM Trader
| Attribute | Details |
|---|---|
| Official Website | https://www.XM.com/ |
| Headquarters | Republic of Cyprus |
| Founded in | 2009 |
| Regulators | CySEC, ASIC, IFSC |
| Products Offered | Forex,Commodities, Equity Indices,Precious Metals,Energies,Stock CFDs,and Shares. |
| Minimum Initial Deposit | $5 or more, depending on the account type |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Trading Fees | Low |
| Inactivity Fee | Low |
| Withdrawal Fee | Low |
| Supported Currencies | CHF,JPY,HUF,EUR,PLN,ZAR,RUB,USD,SGD,GBP,AUD, and more. |
| Customer Support | 24/5 Live Help |
The XM Group is made up of four trustworthy online brokers, each of which is governed by financial authorities in its specific location. A few of these are:
- Trading Point of Financial Instruments Ltd., founded in 2009, operates under the jurisdiction of CySEC 120/10 from the Cyprus Securities and Exchange Commission.
- Trading Point of Financial Instruments Pty Ltd., founded in 2015, is governed by the Australian Securities and Investments Commission (ASIC 443670).
- XM Global Limited, founded in 2017, is governed by the Financial Services Commission of Belize (License No. 000261/397).
- Trading Point MENA Limited was established in 2019 and is subject to regulation by the Dubai Financial Services Authority (DFSA reference number F003484).
XM’s Global Client Acceptance
XM cordially welcomes customers from a variety of nations, including:
- South Africa
- U.K.
- Malaysia
- India
- Philippines
And a lot more since they offer their services to people in the majority of other nations it is important to know that XM does not accept clients who are U.S. citizens owing to regulatory limitations. New clients must supply personal and account information, as well as the required paperwork for identity and residence verification, to set up an account. Utility bills or bank statements are often required to demonstrate residency, while national identity cards, passports, or driver’s licenses can be used to validate identity. The verification procedure is shortened and supplied documents receive rapid responses.
Streamlined Currency Conversion with XM
For traders who deposit in currencies other than the base currency of their account, XM offers a user-friendly currency converter that uses real-time exchange rates. The process is simple: Users choose their preferred conversion settings by selecting their target currency from the “To” section and their source currency from the “From” dropdown menu. A quick click on “Calculate” after they enter the amount reveals the conversion rate and the sum in the converted currency. This solution simplifies currency exchange processes, guaranteeing hassle-free dealing for international dealers.
XM Group’s Commitment to Regulation and Security
The XM Group is a grouping of licensed internet brokers, all of which are governed by trustworthy regulatory agencies:
Table 2: Regulatory Oversight and License Details of XM Trader
| XM Group Regulatory Entities | Regulatory Oversight and License Details |
|---|---|
| Trading Point of Financial Instruments Ltd based in Cyprus | Governed by CySEC (Cyprus Securities and Exchange Commission), which protects investors through programmes including the Investor Compensation Fund, and issued a license with number 120/10. Established in 2009. |
| Trading Point of Financial Instruments Pty Ltd (Australia) | Regulated by ASIC (Australian Securities and Investments Commission) under license number 443670. Established in 2015. |
| XM Global Limited (Belize) | Regulated by IFSC (International Financial Services Commission) with license number 000261/397. Established in 2017. |
| XM UAE (Trading Point MENA Limited) | Regulated by DFSA (Dubai Financial Services Authority) with reference number F003484. Located in the UAE. |
Along with other brokers governed by EU regulations, XM Group also protects clients from disproportionate losses and upholds fairness. XM Group is a reputable broker with a history going back to 2009 that is dedicated to providing customer service. This dedication ensures the confidence and safety of traders throughout numerous regions, including Cyprus, Australia, Belize, and the UAE.
Awards and Recognitions and XM’s Excellence in Brokerage Acknowledged
Table 3: Awards on by XM Trader
| Year | Awards and Recognitions |
|---|---|
| 2022 | Best Crypto CFDs Provider at Financial Expo Egypt |
| 2022 | Best FX Service Provider for 2022 at City of London Wealth Management Awards |
| 2021 | Best MT4/MT5 Broker by DayTrading.com |
| 2021 | Best FX Educational Broker in the MENA region by Dubai Expo Awards |
| 2021 | Best Trading Experience by Ultimate Fintech |
| 2021 | Best FX Service Provider for 2021 at City of London Wealth Management Awards |
| 2020 | Best Broker in Customer Service by FX168 |
| 2020 | Best Customer Service Experience at Global Business Awards |
| 2020 | Global Forex Broker of the Year at Global Forex Awards |
| 2020 | Best FX Service Provider for 2020 at City of London Wealth Management Awards |
Instruments Available in XM Trader
The variety of trading instruments provided by XM includes several trading instruments often referred to as CFDs or contracts for difference. Trading CFDs, often known as “trading by settlement on balance,” is a very common trading technique. This method is applied to a wide range of assets, including energy, agricultural commodities, industrial goods, precious metals, equity indices, and more.
Trades can be made in these markets with little to no margin requirements thanks to the usage of leverage in CFDs. The primary distinction of CFD trading is the absence of actual delivery of commodities like crops or crude oil. Instead, the price difference between the entry and closing prices of the contract governs settlement.
XM Trader Provides a Comprehensive Range of Trading Options, including:
- Forex Trading
- Cryptocurrencies
- Stock CFDs
- Turbo Stocks
- Commodities
- Equity Indices
- Precious Metals
- Energies
- Shares
| Instrument Category | Number of Instruments | Example Instruments |
|---|---|---|
| Commodities | 8 | Sugar, Soybeans, Coffee, Wheat, and others |
| Cryptocurrencies | 31 | BTCUSD, ETHUSD, XRPUSD, and more |
| Energy Markets | 5 | Crude Oil, Natural Gas, and others |
| Equity Indices | 24 | JP225, DJIA, S&P500, DAX, and others |
| Foreign Exchange (Forex) | 57 | USDJPY, EURUSD, GBPJPY, and more |
| Individual Shares (*) | 100 | Amazon, EasyJet, BMW, and more |
| Precious Metals | 4 | Gold, Silver, Palladium, Platinum |
| Stock CFDs (MT5 Only) | 1261 | Amazon, Apple, EasyJet, BNP Paribas, and more |
XM’s CFDs and Forex
57 Total Forex Instruments:
XM offers 57 Forex pairs with a focus on popular currencies like the USD, EUR, JPY, GBP, CHF, and CAD.
These pairs are separated into the Major Forex, Minor Forex, and Exotic Forex categories, each with specific traits and trading conditions.
Major Forex Pairs:
- The six main currencies mentioned above make up the major forex pairs.
- Examples of these pairs are USD/JPY and EUR/JPY.
- For every pair, the leverage and trading conditions differ.
Minor Forex Pairs:
- Minor Forex pairs match major currencies with the AUD or NZD.
- Included are well-known pairs like AUDJPY and NZDJPY.
- The leverage and trading conditions vary for each pair.
Exotic Forex:
- Exotic Forex pairs pair major currencies with less widely traded currencies; these pairs typically have lesser liquidity but have the potential to experience rapid volatility.
- Each pair has a different trading environment and leverage.
- Review the specific terms, such as leverage limitations and trading hours, for each instrument and account type before trading. Information on the mentioned website is thorough.
CFDs for XM Precious Metals
Four precious metals CFDs are available from XM, divided into two trading categories: “Spot Metals Instruments” and “Futures Trading.”
Metals in Spot:
Two common metals, gold and silver, are classified as “Spot Metals” and can be traded using “Spot Trading,” with different leverage levels and trading guidelines for each type of account.
For Silver, the maximum leverage is 1:400; Swap points may be generated for positions carried over in Gold and Silver.
PALL and PLAT are categorized as “Precious Metal Future CFDs” and are available for trading in “Future Trading.”
- All account types have the same trading conditions and leverage.
- Swap points are not charged for precious metal CFDs, although settlement takes place on defined dates.
- The PALL and PLAT’s effective leverage is roughly 1:22.2 (the required margin is 4.5%).
Please be aware that forced settlement will occur if positions are held past their expiration date, and rollovers to the following contract month are not guaranteed.
List of XM’s Precious Metal CFDs
- PLAT (Platinum)
- PALL (Palladium)
Prices for precious metals are expressed in terms of USD per troy ounce.
For instance, if the price of GOLD is USD 1,800 per ounce and the USD/JPY exchange rate is 110, GOLD/oz. = USD 1,800, or JPY 198,000. As a result, the price of GOLD per gram is around JPY 6,367.
Important Information: Precious Metal CFDs are popular among traders looking to increase their earnings with leverage because they have a reputation for moving considerably soon following news releases.
How Do XM Group Brokers Operate?
It’s important to understand the complexity of CFDs before reading further in this review. A “contract for differences” is a complex financial product with significant risk that has the potential to cause traders to lose money quickly. The CFD trading market is notorious for its high volatility, with losses in CFD trading occurring in approximately 75% of client accounts. Without the assistance of brokers like XM, traders may run a higher risk of financial loss. Through its services, XM illustrates the possibility of efficient CFD trading.
Exploring XM Broker – Account Types
XM offers four different types of user accounts and runs its services through a variety of trading account tiers. EUsers can have 200 open positions—active or pending—on each of these accounts at once:
| Account Type | Base Currencies Supported | Minimum Deposit | Lot Size | Accessibility |
|---|---|---|---|---|
| XM Micro Account | USD, GBP, EUR, AUD, CHF, HUF, JPY, PLN | $5 | 1,000 units of base currency | Available for all |
| XM Standard Account | AUD, USD, GBP, CHF, EUR, JPY, PLN, HUF | $5 | 100,000 units of base currency | Available for all |
| XM Zero Account | EUR, USD, JPY | $10 | 100,000 units of base currency | Available for all |
| XM Ultra-Low Account | GBP, EUR, USD, AUD, SGD, ZAR | $50 | 100,000 units (Standard Ultra), 1,000 units (Micro Ultra) of base currency | Available through select XM Group companies |
Trading Hours and Services
XM offers international brokerage services throughout the Forex market’s official hours of 22:05 GMT on Sunday through 21:50 GMT on Friday. Phone trading is available around the clock.
Their $100,000 in simulated funds risk-free trial account has no time restrictions. Fast trading is ensured with a free VPS. XM, which is governed by the EU, abides by ESMA guidelines and has stopped offering EU traders a $30 deposit incentive.
XM covers 55+ currency pairings in addition to services for stocks, forex, commodities, and other CFDs, but excludes binary options and futures.
Trading Platforms
XM is renowned for providing access to the well-liked MetaTrader 4 and MetaTrader 5 trading platforms. For managing live and demo accounts across diverse assets, these systems are crucial. They provide flexible trading on desktop and mobile devices.
- The MetaTrader 4 Platform from XM: More than 85% of brokers utilize MetaTrader 4, one of the most widely used trading platforms in the world. It is a popular pick due to its user-friendly navigation, real-time market information, and straightforward structure. It serves both novice and seasoned Forex traders and is accessible on a variety of operating systems, including Windows, iOS, and Android.
- The MetaTrader 5 Platform from XM: Large trading firms for equities and commodities use the multi-asset trading platform MetaTrader 5, which was created for institutions. It offers cutting-edge features including trading robots, an open-source database of trade techniques, a range of periods, and several pending order types. It is reachable via PC, mobile, and the web. Despite being powerful, due to its complexity, it might be more appropriate for experienced and day traders.
Mobile Trading with XM
- Through MetaTrader platforms, including mobile apps for MT4 and MT5, XM provides mobile trading. These apps are available for iOS and Android devices and may be used on smartphones and tablets.
- User accounts are safeguarded by frequent upgrades and secure login procedures.
- Mobile web browsers may access web-based MetaTrader platforms for one-click trading, and XM mobile trading enables customers to monitor their trades remotely.
Although XM doesn’t currently have a proprietary mobile app, one is anticipated to be made available in the future, substantially increasing consumers’ mobile trading experiences.
XM Broker Affiliate Program: Earn Rewards for Every Invited Trader
The simple terms of XM Broker’s affiliate program are as follows:
The one-time bonus offered by this partnership program ranges from $450 to $650, depending on the nation of each referred trader. Benefits of Collaboration with the XM Group
- Access a variety of marketing resources, including pre-designed websites and landing pages, over 20 banner options in 25 languages, and click-tracking links.
- Dedicated Partner’s User Account: A dedicated partner’s user account offers in-depth data and conversion tracking for each campaign, enabling you to track performance according to variables like country and age group.
- Personal Account Managers: Take advantage of the assistance of personal account managers who can help you with your affiliate business.
- Weekly Payouts: You can get your incentives via weekly payouts, which guarantees that you will always have prompt access to your money.
XM Fees and Commission Structure: A Detailed Overview
In this analysis, the fee and commission structure of XM is completely outlined, illuminating how consumers can manage the financial aspects of their accounts. XM brokers follow industry-standard Know Your Customer (KYC) guidelines for user identification, necessitating the submission of a color copy of an official ID document (such as a passport or driver’s license) as well as evidence of a permanent address in the form of utility bills from the previous three months.
Here’s a breakdown of the fee and commission structure:
Deposit
- Depending on the kind of account, a minimum deposit is needed to register a new account.
- Both Micro and Standard account categories demand a minimum deposit of $5.
- Activating Zero accounts requires a $100 minimum deposit.
- Deposits are non-refundable payments for broker services.
- Users of XM can fund their accounts through local bank transfers, credit cards, wire transfers, electronic payment gateways, and supported exchange rates for currency conversion.
Account Commissions
- The type of account and entity connected to the client’s account will determine the commissions and fees.
- Although commission-free, Micro and Standard accounts offer wider spreads.
- The Zero account has competitive spreads and is commission-based.
Spreads & Commissions
- The average spread on the USD/EUR exchange for the XM Zero account is 0.1 pip, and commissions are assessed.
- When the $7 round-trip commission is taken into account, this yields an effective differential of 0.8 pip.
- Standard and Micro accounts have spreads that typically range from 1.6 to 1.7 pips on EUR/USD currency pairings and are commission-free.
Leverage
- Different instruments have different leverage ratios, ranging from 2:1 to 30:1.
- XM provides options and flexibility to manage risks associated with leverage.
- Nighttime or weekend hours have no impact on the consistency of margin requirements, which are constant throughout the whole workweek.
- Leverage is available to customers who have registered under an XM enterprise covered by EU rules.
Shares Trading
- To invest directly in non-CFD trade shares without utilizing leverage, you must make a $10,000 deposit using the shares trading facility provided by XM Group.
- This Shares trading account is only accessible through a small number of the group’s businesses.
Execution
- For the trades it conducts, XM Group serves as the single proprietary dealer and primary market-maker.
- Up to $50 million in the base currency’s total value can be traded at once.
- The platform provides acceptable trading capabilities by allowing 200 open positions at once.
Withdrawals
- Withdrawals from XM are processed within 24 hours of the request and are free of additional fees.
- People can decide whether to withdraw their money or keep it in their XM wallet or another eWallet.
- It is advised that customers refrain from submitting the same transaction request more than once to enable seamless withdrawals.
- Under specific circumstances, XM provides commission- and fee-free deposit and withdrawal services.
How to Execute a Trade on XM’s Trading Platforms
The user-friendly trading platforms offered by XM make trading simple.
- Create a Live Account: To get started, create an XM live trading account.
- Getting to the Trading Platform: You can either download the trading platform or just use your web browser to log in.
- On MT5: If you’re using MT5, choose “File” from the top-left menu.
- Making a New Chart: Locate the asset you want to speculate on by clicking on “New chart,” such as currency.
- Create a Custom Chart: Use the top menu’s ‘Insert’ option to add indicators, objects, professionals, and scripts as necessary.
- Transaction Initiation: Click ‘New order’ in the top menu’s center when you’re ready to make a transaction.
- Establish Trade Limits: Set your trade’s specifications, such as the amount of your order, your buy or sell decision, your stop loss and take profit levels, and more.
- Verify the Trade: When you are satisfied with the details after configuring your deal, confirm the trade to carry it out.
Key Features of XM Group and Enhancing Your Trading Experience
- VPS Servers: XM’s VPS servers give customers access to a Virtual Private Server that is situated close to the company’s London data center. Due to this, lightning-fast execution speed is guaranteed, regardless of the client’s location or internet connection. Account holders who have a minimum total balance of $500 and a monthly turnover of 2 lots or 200 micro lots are eligible for this function. Eligibility for a free VPS may differ for each XM Group company.
- No Fees or Commissions: Standard, Micro, Ultra-Low, Shares, and XM Zero are just a few of the trading account types that XM provides. The commission for the XM Nothing account is $3.5 for every $100,000 exchanged as opposed to nothing for the other four account types. Please be aware that not all XM Group firms may offer access to Standard, Micro, XM Zero, and Shares accounts.
- Margin trading: Allows more seasoned traders with a larger risk tolerance to leverage their holdings and increase exposure with less capital. Potential losses are doubled in addition to potential profits. To assist consumers in efficiently managing risks, XM offers precautions including margin calls and negative balance protection.
- Accessible Support: XM makes sure that its customer support staff is reachable through a variety of means. Quick assistance is offered via a live chat widget, which is great for urgent situations. Apart from the EU-regulated organization, support services include a phone line and are available on weekends.
XM Demo Account: Your Trading Sandbox
For testing strategies and experimenting with Expert Advisors, traders at XM have access to a flexible Forex trial account. XM allows traders to customize their sample accounts for a real trading experience, in contrast to certain brokers with predetermined settings. To provide a manageable setting, they are each only allowed to present five demos.
At XM, opening a sample account is simple. Choose your trading platform (MT4 or MT5), an account type, a base currency (from a list of eleven), your investment amount (from a list of ten options), and your maximum leverage (from a list of sixteen options).
The adaptable demo accounts offered by XM are a great sandbox for skill development because they allow traders to hone techniques and gain expertise without taking any risks.
Education Resources of XM Trading
- News, market analysis, and geopolitical insights are just a few of the research and instructional resources that XM provides. They encompass technical evaluations of equities, commodities, and foreign exchange.
- Live trading rooms, educational films, webinars in 13 languages, video tutorials, workshops, and seminars are all included in the XM Learning Centre.
- Trading Rooms Live on weekdays, XM’s live trading rooms are open for eight hours and offer real-time market knowledge to help traders make well-informed decisions.
- The understanding of traders is increased via seven instructional videos and weekly webinars delivered by knowledgeable teachers. These tools support a range of languages and proficiency levels.
- XM provides traders with essential information through its economic calendar, market analyses, Forex news, and technical analysis.
- A variety of trading tools, such as forex calculators and free forex signals, help traders make informed choices.
Valuable Research of XM Trader
To meet a range of needs, XM Group offers thorough research, training, and cutting-edge platforms.
- XM TV: This service, created in partnership with market leaders in trading video programming like CMC Markets and Saxo Bank, provides real-time commentary on internal markets every day. The video content, which is delivered in an interview-style format, provides trustworthy daily currency news and market analysis. These videos’ audio content is also accessible as podcasts.
- Research and Educational Articles: On its official website, XM provides a plethora of written market research content. Users can simply obtain research articles on stocks, FX, indexes, and cryptocurrencies by filtering articles by asset class. As both research and instructive resources, these articles provide daily market summaries backed by both fundamental and technical analysis. Additionally, there is a collection of 53 well-organized articles that offer training in both fundamental and complex aspects of Forex trading.
- Webinars: These sessions are routinely planned to accommodate various time zones and experience levels and are led by 49 qualified webinar instructors in 19 languages, ensuring accessibility to a broad variety of subscribers and traders.
- Market trade Signals: Live user accounts have access to signals from the Analyzzer and Auto chartist tools as well as trade ideas from the Trading Central site. Additionally, XM offers its clients automated trade replication so they can copy professional traders and trading experts.
- Tradepedia: Providing an in-house video course to train traders in Forex and CFD trading, Tradepedia is a unique product. 39 videos spread throughout seven chapters cover a variety of topics, from basic trading strategies to more complex ones using unique indicators like the Avramis River indicator.
XM Group distinguishes itself from rivals like FXCM and IG by providing high-quality, diversified content for education and research.
Customer Support at XM Trader
Although the majority of traders rarely require customer service, it’s comforting to know that XM offers timely and beneficial assistance when necessary.
Thanks to its multinational crew that provides support in clients’ local languages, XM’s customer support is well-regarded. Support is offered around the clock, during market hours.
You can get in touch with representatives by phone, live chat, or email. They can speak several other languages, such as English, Greek, Japanese, and Chinese. This makes sure that customers can simply communicate in their preferred language and quickly get the assistance they require.
XM’s Bonus and Promotion Offers
- Free VPS: To ensure continued trading, clients who maintain a balance of USD 5,000 or equivalent in equity credit are granted free access to a Virtual Private Server (VPS).
- Deposit Bonus with Two Tiers: XM provides a significant deposit bonus program. Customers can take advantage of bonuses of 50% on deposits up to $500 and 20% on deposits up to $5,000.
- XM Loyalty Programme: For each traded lot, traders receive XM Points (XMP), which can be exchanged for credit bonuses to improve their trading performance. Please be aware that customers registered with the Group’s EU-regulated business are not eligible for these bonuses and loyalty rewards.
- $30 in Bonus Trading without Deposit: Upon signing up, new clients are given a $30 trade incentive, which they can use to get started.
XM Broker Review: Advantages and Disadvantages
Table 5: Pros and Cons of XM Trader
 Pros |  Cons |
|---|---|
| Low Fees | Limited Product Portfolio: No support for cryptocurrencies and other instruments. |
| User-Friendly Account Opening | Average Forex Fees: Forex fees may not be the most competitive. |
| Educational Tools | Lack of Investor Protection for Non-EU Clients. |
| Demo Account | Limited Customer Support Hours: No weekend support. |
| Comprehensive Education | Lack of Account Personalization: Limited differences between account types. |
| Forex Trading Focus | Similarity Among Account Types: Micro, Standard, and Zero accounts are similar. |
| Affordable Access to Analysis | No PayPal Deposits: PayPal is not a supported deposit method. |
| Strong Customer Service | Regional Restrictions: Certain regions may have platform usage restrictions. |
In a Nutshell
- XM Broker provides expert trading with quick order processing and reasonable commissions.
- Possesses licenses from four prestigious regulators: DFSA (UAE), CySEC (Cyprus), FSC (Belize), and ASIC (Australia).
- Consistent execution quality reduces requirements and slippages for all account types.
- Leverage ratios adhere to European regulations, with a cap of 30:1 for clients who are subject to EU regulation.
- Attractive terms, with a modest minimum deposit of $5 and penny (micro) accounts, for new traders.
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Frequently Asked Questions
1. Is XM a Reputable Broker?
With reasonable fees, flexible platforms, and account options ideal for traders of all experience levels, XM distinguishes out as a reliable CFD broker. It operates under stringent rules that guarantee high operational and security standards. XM is not connected to any fraud or unethical practices.
2. Is XM.com a Legitimate Stock Broker?
Yes, XM.com offers a reputable platform for trading CFDs on the stocks of more than 600 international firms, currencies, commodities, and indices. A reputable online brokerage operates here.
3. Is XM Available in the US?
No, traders based in the United States (USA) cannot currently use XM. The XM website has a detailed list of the nations it supports.
4. What Is the Minimum Investment with XM?
You only need to deposit $5 to get started with a live XM trading account. There are also micro-trading lots available.
5. How Can You Profit from XM Trading?
XM does act as a market maker. The broker improves the trading experience for its clients by guaranteeing no requites and quick execution times.
6. Is XM a Market Maker?
Successful trading requires commitment. Use the free resources that are offered, such as the tools, webinars, and demo accounts. Explore the materials for beginners on the business’ Research and education platform.
