XM Review: | 2023 Update
This XM review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about XM to give you the most comprehensive guide available.
XM is a world class trading partner that was founded in 2009. They have around 1493 staff that help the company offer , to 3,500,000+ customers through MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
XM Guide – Read our In-Depth XM Review
XM Rating: 7.18 / 10
This XM review page contains information about investing with XM. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of XM does not apply to users in Canada, Israel, and United States of America.
This XM review contains the most recent information surrounding XM.
If you're new to the realm of online trading and brokerages, so many nuances will no doubt be perplexing for you. Getting into the world of online trading requires expert assessing skills and comprehensive knowledge. You'll get proficient at all of the concepts of trading online and brokerages while you continue trading. For starters, you have to select the right broker who will always be clear with you.
Within this fast-paced world of financial markets and online trading, you will need guidance to make educated decisions. A professionally lead investment plan could aid you in minimising any potential losses and maximising any profits. XM is just one such platform which can assist you. It's important that you understand about any broker before you trust them with your cash.
XM Review for 2023 – Brief Overview
| XM Telephone: | +357 250 29933 |
| XM Support Email: | support@xm.com |
| XM Address: | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| Year Founded: | 2009 |
| Regulated By: | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) |
| Hedquarters: | Cyprus |
| Minimum Deposit: | $5 |
| Number Of Clients: | 3,500,000+ XM users and traders |
| XM TrustPilot: | https://uk.trustpilot.com/review/xmglobal.com |
| XM LinkedIn: | https://www.linkedin.com/company/xm-global/ |
| XM Facebook: | https://www.facebook.com/xmglobal |
| XM Facebook Likes: | 1,137,080 |
| XM Twitter: | @TradingXM |
| XM Twitter Followers: | 315 |
| XM Instagram: | https://www.instagram.com/xmglobal/ |
| XM Instagram Followers: | 29,000 |
| XM Youtube: | https://www.youtube.com/channel/UCP-fT4LhpKEArkNROxJHktw |
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77.29% of retail investor accounts lose money when trading CFDs with this provider. |
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Our full XM review for beginners covers everything you will need to know about trading via XM. A good agent can take your initial investments and help to protect it from losses but also give you a platform that can help to provide you profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.
Of course, there's absolutely no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It's a common misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
XM is a trading partner which has found its way successfully to the brokerage world. In this review, we have attempted to collate some of the important facets of XM. This guide can help you to learn whether XM is a good fit for your own investments or not. We've attempted to breakdown all the qualities and fees for your advantage.
Who are XM?
XM is a forex broker with its head office in Cyprus and provides a variety of tools for online trading. Since its inception in 2009 they have emerged as a leading player in the industry of online trading. XM includes a highly aggressive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 14 years, XM has become one of the leading online brokers available to the public.
After being founded in 2009, their customer base has become as large as 3,500,000+ clients.
XM is a favourite for many stock dealers because of its negative balance protection. Our XM account review discovered that they're a superb choice for online trading solutions. They're most appropriate for investors that are searching for a variety of assets. Social and easy to use trading options are the heart at XM.
Technology plays a substantial role at XM. They offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM is fair, transparent, and a well-regulated agent by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
Who Founded XM?
The founders of XM are Constantinos Cleanthous
The founders of XM are known for their expertise in the sphere of online trading. However, there are a lot of other key staff in XM who have a significant impact on it's success.
The trader resource department at XM is quite comprehensive for new traders as it allows them to have a closer look at the financial markets. XM caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
XM Review Videos
Benefits of using XM in 2023
Trading with XM includes numerous benefits. These benefits are what sets XM apart from all other online agents. You should check all the benefits listed so you have a better understanding of XM.
The agent goes to great lengths to understand what traders need. As a result, the service, quick, and convenient. The broker also provides a variety of programs for all kinds of traders. XM ensures that the individual needs of all traders are met to the best of their ability.
XM also features excellent trading conditions that are available to all and not only an elite class of institutional clients. The tight spreads and fast executions are a fantastic advantage for all traders. The technology embraced by XM is of the highest caliber, ensuring that it is fast, dependable, and efficient.
XM acknowledges the significance of owning a quick order execution. A quick implementation enables users to exchange without fretting about slippage safely. It is going to also help the dealers to grab any opportunities.
Copy trading is another major aspect of XM. A new trader can learn from industry experts using the automated copy trading alternative. This means you can monitor the best performing brokers and instantly mirror their trades and benefit from their expertise
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, XM offers social trading which encompasses leading traders sharing their knowledge with the community. XM's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading
XM has over 100 trading instruments to support all kinds of traders. These instruments are dynamic and convenient for both the new and experienced traders. All dealers can put aside all their worries when trading with XM.
XM Overview
Year Founded: 2009
Regulated By: International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Hedquarters: Cyprus
Minimum Deposit: $5
Number Of Clients: 3,500,000+
77.29% of retail investor accounts lose money when trading CFDs with this provider.
If you feel that XM is not right for you then at the bottom of this XM review you will find a lot of alternatives to XM.
Everything you should know about trading using XM
XM is a dynamic platform that provides various techniques of trading. These tools cover the financial markets considerably. Most of the brokerage platforms offer less procedures than XM
If you wish to trade with XM, you will need a minimum deposit of $5. This deposit is compulsory if you would like to begin trading using XM. This 2023 XM review will guide you easily about trading with them.
XM is as versatile as any other broker platform. XM is ideal for traders who want a manageable range of low-cost services. The platforms provided by XM are third-party, white-label offerings. All traders may select from MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Together with everything, XM has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept available. The agents offer premium client service that rewards clients with benefits.
Many less reputable brokers attempt to pressurise customers into larger funding for premium services. XM, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
XM accounts are available around the world and provides outstanding service wherever they have clients. There are only a select few countries where XM accounts are not available. Traders in the following countries cannot open or use a XM account:
Canada, Israel, and United States of America.
Is XM Safe To Trade With In 2023?
Founded in 2009, XM has been operating for 14 years, they have a head office in Cyprus
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These figures have rules that ensure that trading platforms have measures in place to maintain investor's resources secured. This means that XM users do not need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption secures every user's private information also.
You can make use of an option for Two Factor Authentications (2FA) with XM for increased security. An SMS for the confirmation code will be sent to a mobile phone. You will be required to input this code to log in to your account.
Another concern with fiscal brokers is in regards to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with users on the platform.
XM Risk Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pro's & Con's Of Trading With XM
Every online trading platform will have some ups and downs, and no XM review would be complete without having a balanced approach. This XM review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
XM Pro's
XM is highly rated by us.
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM has been trading for 14 years.
XM offers customer support over the phone.
XM provides customer support over email.
XM gives access to customer support over livechat.
XM is an award winning broker.
XM offers negative balance protection.
XM has a low minimum deposit requirement.
XM doesn't charge withdrawal fees.
XM has over 100 employees.
XM offers social trading.
XM offers copy trading.
XM allows scalping.
XM allows hedging.
XM allows commodity trading.
You can trade metals with XM.
You can trade energies with XM.
XM Con's
XM doesn't offer guaranteed stop loss. XM charges inactivity fees. You can't trade Cryptocurrencies with XM.Compare Brokers Similar To XM
Regulation And Licencing In More Detail
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM, as a business, has a strong set of rules for ensuring honest trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
XM Awards
XM have won numerous industry awards over the years they have been running as a financial broker. We show the most recognised awards for XM below.
- In 2014 XM was awarded Best FX Technology Provider.
- In 2015 XM was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM was awarded Best Broker in Customer Service.
XM Trading Platforms
XM are a reputable broker that has been open for over 14 years. They offer a large range of options in their user accounts.
Below we take the main parts of any reputable online trading platform and compare XM against freetrade, and easyMarkets.
XM MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with XM in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. XM MetaTrader 4 is compatible with the latest macOS. XM allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and XM
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With XM MetaTrader 4 On iOS Devices
You can download the XM app or also trade with XM through the MetaTrader 4 application on the Apple app store.
Download the XM MetaTrader 4 Program free of charge from Apple's App Store. XM customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With XM MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. XM provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 3,500,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android XM MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit you need to begin on XM is $5. This is a decent amount for those just starting out. It's possible to create more complex residue as you go along. But, ensure that you understand how to make the most of your money before investing in larger sums.
Commission And Fees Explained
XM is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this objective.
The first kind of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In such cases, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight prices are people that are charged when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They are billed for things like depositing cash, not trading for long periods, or withdrawals.
In general, XM does not charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by XM are relatively higher. Consequently, you're billed more for non-trading actions on your trading accounts, like deposits and withdrawal. These aren't related to the sale and purchase of resources.
This XM review breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees Of XM
XM Withdrawal Fees Explained
XM doesn't charge withdrawal fees.Withdrawal of cash is possible at any moment from your XM account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to remember is that you don't necessarily have to have any cash on your account.
In addition, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into the cardXM will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to draw in.
XM Inactivity Fees Explained
XM charges an inactivity fee if you don't create any trades for a while.
Even if no charges are implied by XM, it's better that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.
XM Deposit Fees Explained
When you transfer money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers do not charge too much money for this particular operation.
XM doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the XM trading platform is easy. You just have to complete a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and evidence of residency to deposit substantial sums.
Compare XM Vs Other Broker Deposit Methods
What Can You Trade With XM in 2023?
Note: XM offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending on the country of residence of the client.
XM has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then XM offer over 80 forex pairs.
Compare XM, freetrade & easyMarkets below.
XM Trading App Review
Note: XM's mobile app has many functions and is being developed all the time. The below information was accurate at the time of writing this XM broker review.
Understand the capabilities of the mobile apps of XM, freetrade & easyMarkets below.
Trading Education Available At XM
Understand the trading resources available with XM, freetrade & easyMarkets below.
XM Customer Support
While collating our XM broker review we looked at the options for customer service, response times and on the XM trading platform issue resolution effectiveness. XM supports various languages, including Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
XM Live Chat Support
We tried the live chat on XM, and it was very effective. We have sent messages via XM livechat via their app and web site and received a response within 20 seconds. Sometimes there was no response.
We tested communicating through XM support in multiple languages and in various countries. XM were successful in resolving customers' problems.
XM Phone Support
We phoned XM and the call was answered very quickly. The call was answered within less than 5-10 minutes.
The XM phone support team was able to successfuly answer our questions and concerns via phone. We tested the multilingual XM team by making calls in various languages. XM made an effort to ensure that our questions were addressed.
The overall phone support provided by XM was good.
XM Email Support
We have sent numerous messages to XM and the response times were all excellent. The fastest email response from XM was 2 hours and the slowest response was 12 days! Sometimes there wasn't a response. Support response times may vary for you with XM, but this was our experience sending 10 emails at varying times.
The team resolved and answered our questions. The overall average of email support provided by XM was satisfactory.
Alternatives To XM
If, after reading this XM review, they do not quite meet your requirements check out these XM alternatives.
We've scoured the web to find the best alternatives to XM. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try XM before I buy?
Absolutely! you can most definitely try XM before you buy. XM provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you register for a demo account with XM, you will set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you before you choose to invest your own money.
With a virtual XMdemo account, you are able to experiment in any way, to whatever length you wish. You might also open positions, test different trading strategies, and much more.
XM specifies on its official site that you are able to exchange real time stocks in a demo account.
Is XM safe?
It is possible to drop all of your worries because we believe that XM is completely safe to use. It's in compliance with the rules of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Nevertheless, XM does not have assured stop-loss protection.
Why does XM ask for my passport?
The reason that XM asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XM has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XM must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XM?
The process to start trading with XM is super simple. You need to begin by signing up on the XM website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but XM are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with XM is $5. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with XM.
The best way to kickstart your trading career with XM is to open a demo account facility before risking any real money
What funding methods do XM accept?
There are a number of ways to fund your accounts with XM. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing money. You have to bear in mind that PayPal isn't available in all country. The currencies XM accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, though it takes about 4-7 days.
Is my money safe with XM?
Yes, your cash is safe and protected with XM. As you already know, XM works with good conformation to regulations. It has established plenty of steps to protect all of its investors.
XM safeguards its customers' private and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to empower Two-Step Verification also. It takes an SMS confirmation for you to get your accounts.
Is XM trading good?
Yes, trading via XM is a pleasant and good experience indeed. It is a great and intuitive platform with helpful features for your simplicity. Moreover, you could even gain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to start a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries do XM support?
XM operates across the world. However, due to regulations XM does not accept clients from Canada, Israel, and United States of America.
Is XM legit?
XM is a legit company headquarted in Cyprus since 2009. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XM a good broker?
XM is an excellent broker, and its own users may vouch for this. The highlight of this platform is its quick order execution on trades.
You will find the clean layout of this platform along with the admirable features that are pleasant to work with.
Is XM a trustworthy broker?
Yes, XM is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 3,500,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the XM TrustPilot page
What is the minimum deposit for XM?
The minimum deposit to open a live account with XM is $5
How long do XM withdrawals take?
Normally, withdrawal of money from XM is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from XM to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is XM regulated?
XM are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Is XM a market leading broker?
XM is currently among the industry leaders. It has over 3,500,000+ registered users and over 14 years of experience on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide range of resources plus tools so that you may invest in capital markets.
Is XM a con?
No, XM is not a con. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that XM is not a scam.
Can you make money with XM?
Using XM, many traders make a great deal of money. But, just like all online brokers, it is important to note that traders can also lose money. In particular, 77.29% of retail investor accounts lose money when trading CFDs with this provider.
This can look to be a small number, but over the year, this adds to a substantial number of gains. Even though XM provide you all of the tools to make money, they can't guarantee that you will profit.
Does XM have fees?
Yes. To start trading using XM, you need to deposit $5. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.
When was XM founded?
XM was founded in 2009 in Cyprus. XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
How many people use XM?
XM is a worldwide recognised broker with 3,500,000+ clients.
Where is the XM head office?
XM has its head office in Cyprus
Does XM offer negative balance protection?
Yes, XM has Negative Balance Protection. It's especially offered while the market volatility prevents customers from letting their account go in the red. In a situation like this, XM provides the ability to reset a clients account balance to zero.
You can go through the critical stipulations on XM's website to comprehend their policies.
Does XM offer guaranteed stop loss?
XM, unfortunately, doesn't provide guaranteed stop loss. XM gives a chance for its traders to close their trades in their given price. Aside from that, XM doesn't offer guaranteed stop loss.
Does XM allow scalping?
Yes, XM does permit scalping. Many traders across the world choose XM for their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM allow hedging?
Yes, XM does allow hedging.
Can you trade energies with XM?
Yes, you can trade energy stocks with XM
Can you trade agricultural shares with XM?
No, unfortunately you cannot trade agricultural stock with XM
Can you trade cryptocurrency with XM?
No, unfortunately you cannot trade cryptocurrency with XM
Can you trade metals with XM?
Yes, you can trade metals with XM
Can you trade UK Shares with XM?
No, unfortunately you cannot trade UK shares with XM
Can you trade US Shares with XM?
No, unfortunately you cannot trade US shares with XM
Can you trade Japanese Shares with XM?
Yes, you can trade Japanese shares with XM
Can you trade German Shares with XM?
Yes, you can trade German shares with XM
Does XM accept bank transfers?
Yes, XM accepts bank transfers for depositing money.
Does XM accept credit cards?
Yes, XM accepts credit cards for depositing money.
Does XM accept PayPal?
No, XM does not accept PayPal.
Does XM accept Skrill?
No, XM does not accept Skrill.
Does XM accept Payoneer?
No, XM does not accept Payoneer.
Does XM accept Neteller?
Yes, XM accepts Neteller for depositing money.
Does XM offer Live Chat customer support?
Yes, XM offers customer support through live chat.
Does XM offer phone customer support?
Yes, XM offers customer support over the telephone.
Does XM offer email customer support?
Yes, XM offers customer support through email.
What languages can XM communicate in?
XM has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM have a wikipedia page?
Yes, XM does have a wikipedia page. It can be found at
Does XM offer demo accounts?
Yes, XM offers demo accounts so you can learn their systems before risking any real money. Newbie traders can open a demo account in order to become better acquainted with the aspects of Forex trading and test out some of the company’s features before getting a live account.
Compare XM To All Our Other Brokers