XM.com Guide – Read our In-Depth XM.com Review
XM.com Rating: 7.18 / 10
Our proprietary rating algorithm takes all of our 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.
This XM.com review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this XM.com review does not apply to users in CA, IL, US
If you are a new entrant in the world of trading and broker, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll acquire proficient at all of the concepts of broker as you keep trading. For starters, you need to select the ideal agent who will be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program will create hefty returns. XM.com is just one such platform that will take you along with your investment to great heights. It is crucial that you know all about XM.com until you trust them with your money.
XM.com Guide – Brief Summary
XM.com Telephone Number:
+357 250 29933
XM.com Email Address:
12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Number Of Clients:
3,500,000+ XM.com users and traders
XM.com Facebook Likes:
XM.com Twitter Followers:
XM.com Instagram Followers:
77.29% of retail investor accounts lose money when trading CFDs with this provider.
|XM.com Telephone Number:||+357 250 29933|
|XM.com Email Address:||firstname.lastname@example.org|
|XM.com Address:||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus|
|Regulated By:||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)|
|Number Of Clients:||3,500,000+ XM.com users and traders|
|XM.com Facebook Likes:||1,137,080|
|XM.com Twitter Followers:||315|
|XM.com Instagram Followers:||29,000|
77.29% of retail investor accounts lose money when trading CFDs with this provider.
Our full XM.com Review covers all you will need to know about trading using XM.com. A fantastic agent can multiply your first investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you select them. It is a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
XM.com is a broker that has paved its way successfully into the broker world. Within this review, we've attempted to collate some of the important aspects of XM.com. This review can allow you to know whether XM.com is a good fit for your investments or not. We have tried to breakdown all the qualities and fees for your advantage.
XM.com Review, Table Of Contents
- Who are XM.com?
- Benefits Of Trading With XM.com
- Everything you should know about trading with XM.com
- Is XM.com Safe To Trade With?
- XM.com Risk Disclaimer
- Pro's & Con's Of Trading With XM.com
- Compare Brokers Similar To XM.com
- Regulation And Licencing In More Detail
- XM.com Awards
- Minimum Deposit Required For A Live Account With XM.com
- XM.com Commission And Fees Explained
- Compare broker fees against XM.com
- XM.com Withdrawal Fees Explained
- XM.com Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With XM.com?
- Alternatives To XM.com
- Frequently Asked Questions About XM.com
Who are XM.com?
XM.com is a foreign exchange broker headquartered in Cyprus and provides a variety of tools for online trading. Since its inception in 2009, XM.com has emerged as a leading player in the industry of online brokerage. XM.com has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, shares, commodities.
Over the past 12 years, XM.com has grown into one of the leading online brokers.
After establishing in 2009, their client base has become as big as 3,500,000+ clients.
XM.com is a favourite for many dealers because of its negative balance protection. Our XM.com review found that they're an excellent choice for automated trading solutions. They're most appropriate for investors that are searching for a variety of assets. Social and automated trading options are the heart at XM.com.
Technology plays a significant role at XM.com. XM.com offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM.com is honest, 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 variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house research.
Who Founded XM.com?
The founders of XM.com are Constantinos Cleanthous
The creators of XM.com are known for their experience in the world of internet trading. However, there are a lot of other important people at XM.com who have a substantial contribution to it's success.
The educational department at XM.com is quite enlightening for new traders since it allows them to have a closer look at the financial markets. XM.com caters to all sorts of traders and are a must-have broker for almost any well-diversified method of online trading.
If you feel that XM.com is not right for you then at the bottom of this XM.com review you wil find a lot of alternatives to XM.com.
Everything you should know about trading using XM.com
XM.com is a dynamic platform that offers various procedures of trading. These instruments cover the financial markets considerably. Most of the broker platforms offer fewer methods than XM.com
If you want to exchange with XM.com, you'll need a minimum deposit of $5. This deposit is mandatory if you wish to begin trading using XM.com. This 2021 XM.com review will direct you clearly about trading with them.
XM.com is as versatile as another broker platform. XM.com is excellent for traders that want a manageable array of cheap services. The programs supplied by XM.com are third party, white-label offerings. All traders may select out of MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Along with everything, XM.com has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept open. The agents offer premium client service that rewards clients with advantages.
Many unethical brokers try to pressurise users into larger funding for premium services. XM.com, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will become available.
XM.com accounts are available globally and provides quality service everywhere they have clients. There are only a select few countries where XM.com accounts are not available. Traders in the following countries cannot open or use a XM.com account:
CA, IL, US
Is XM.com Safe To Trade With?
Launched in 2009, XM.com has been in operation for 12 years, they are headquarted in Cyprus.
XM.com 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 mandate that trading platforms have steps in place to maintain investor's assets procured. This usually means that XM.com users don't need to worry about their money since it is segregated and safely kept in established banks. SSL encryption secures every user's personal information also.
You can make use of a choice for 2 Factor Authentications (2FA) with XM.com for heightened security. An SMS with the verification code will be sent to a mobile phone. You will be asked to input this code to log into your accounts.
Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is much more prevalent in the case of Market Maker brokers who compete with customers on the stage.
XM.com 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.com
Every online trading platform has some ups and downs, and no XM.com review would be complete without having a balanced approach. This XM.com 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.com is trusted by 3,500,000+ clients
- XM.com offers Negative Balance Protection
- XM.com has low minimum deposit requirements
- XM.com doesn't charge withdrawal fees
- XM.com doesn't charge deposit fees
- XM.com doesn't charge CFD fees
- XM.com offers social trading
- XM.com offers copy trading
- XM.com offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
- XM.com offer 100 trading instruments
- XM.com trades major forex pairs
- XM.com trades minor forex pairs
- XM.com trades exotic forex pairs
- XM.com can communicate in Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
- XM.com does not offer Guaranteed Stop Loss
- XM.com charge inactivity fees
- XM.com doesn't offer trading on cryptocurrencies
- XM.com doesn't offer trailing stop
XM.com Review - Compare Brokers Similar To XM.com
|Rating||7.18 / 10||4.98 / 10||5.83 / 10||5.15 / 10|
|Headquarters||Cyprus||UK||India||The British Virgin Islands|
|Regulated By||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange||Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)|
|Find Out More|
|Risk Warning||77.29% of retail investor accounts lose money when trading CFDs with this provider.||Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.||Your capital is at risk||79% of retail investor accounts lose money when trading CFDs with this provider|
XM.com Review - Regulation And Licencing In More Detail
XM.com is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM.com, as a business, has a powerful set of rules for ensuring honest trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. Including credit history and other financial details.
XM.com Review - Awards
XM.com have won a lot of industry awards over the years they have been operating as an online trading platform. We list the most notable awards for XM.com here.
- In 2014 XM.com was awarded Best FX Technology Provider.
- In 2015 XM.com was awarded Best FX Technology Provider by Brokers Billboard.
- In 2017 XM.com was awarded Best Trading Support by Capital Finance International Magazine .
- In 2020 XM.com was awarded Best FX Service Provider for 2020 by City of Wealth Management.
- In 2020 XM.com was awarded Best Broker in Customer Service.
XM.com Trading Platforms
XM.com are a trustworthy trading platform that has been open for over 12 years. They offer a wide range of options in their user accounts.
Below we take the main parts of any reputable online trading platform and compare XM.com with IG, HDFC Securities, and AvaTrade
XM.com Review - Minimum Deposit Required
The minimum deposit you need to get started on XM.com is $5. This is an adequate amount for people just beginning. You can make more advanced residue as you cooperate. But, ensure you know how to make the most of your money before investing in larger sums.
XM.com Review - Commission And Fees Explained
XM.com is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily influenced by the amount of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, funding rate, or a commission. The sorts of trading charges and the rates vary 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 cost. Funding or overnight prices are people that are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for things like depositing money, not investing for lengthy periods, or withdrawals.
In general, XM.com doesn't charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by XM.com are relatively greater. Consequently, you're charged more for non-trading actions on your trading account, like deposits and withdrawal. These aren't about the purchase and sale of assets.
This XM.com review breaks down every one of the relevant non-trading charges for you in detail.
Compare broker fees against XM.com
XM.com Review - Withdrawal Fees ExplainedXM.com doesn't charge withdrawal fees
Withdrawal of cash is possible at any time from the XM.com account. You can withdraw up sums to the sum of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't always have to have any cash on your account.
In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent to the card. XM.com will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're choosing to withdraw in.
XM.com Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of the buzzing questions that run through your head when open an account with XM.com. An inactivity fee is an amount charged to registered traders who haven't participated in purchasing or selling for some time. The period regarded as inactive is determined by the agent.
The inactivity fee differs from 1 agent to another and isn't generalized. If a dealers account doesn't have a buying or selling trade, it is claimed by the agent as an inactivity charge. The traders need to pay this commission under conditions and terms that they had agreed while registering.
XM.com charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been implied by XM.com, it's best for you to close the account if you are inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to a lot of conditions and should be revealed clearly by the broker beforehand.
XM.com Review - Deposit Fees Explained
When you transfer money into your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this operation.
XM.com doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the XM.com trading platform is easy. You simply have to finish a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity proof and proof of residency to deposit substantial sums.
XM.com Review - Compare Broker Deposit Methods
What Can You Trade With XM.com?
Note: XM.com provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered may differ depending on the country of residence of the client.
XM.com 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.com offer over 80 currency pairs.
Compare XM.com, IG, HDFC Securities & AvaTrade below.
Reviewing The XM.com Mobile App
Note: XM.com's mobile app has many functions and is being constantly improved. The below information was correct at the time of writing this XM.com review.
Understand the capabilities of the mobile apps of XM.com, IG, HDFC Securities & AvaTrade below.
Alternatives To XM.com
If, after reading this XM.com review, they don't fulfill your needs check out these XM.com alternatives.
We've scoured the web to find the best alternatives to XM.com. Click on the links below to find out more.
Frequently Asked Questions about XM.com
Can I try XM.com before I buy?
Yes, you can most certainly try XM.com before you buy. XM.com offers demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up for a demo account on XM.com, you may set out with a decent amount of virtual money. It's to establish a feeling of safety and confidence in you before you decide to invest your own money.
With this virtual XM.comdemo account, you are able to experiment in any way, to whatever period you wish. You might also open positions, examine different trading approaches, and more.
XM.com specifies on its official website which you can exchange real time stocks with your demo account.
Is XM.com safe?
You can drop all your worries since we believe that XM.com is perfectly safe to use. It is in compliance with the principles of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Even so, XM.com does not provide assured stop-loss protection.
Why does XM.com ask for my passport?
The reason that XM.com 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.com 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.com 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.com?
The process to start trading withXM.com is perhaps simple enough to be a cakewalk. You need to begin by signing up on the XM.com website. It will require you to fill in details pertaining to the credibility and security of your account.
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.com is $5. You should have a good understanding of the details of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with XM.com.
The best way to kickstart your trading career with XM.com is to open a demo account facility before risking any real money
What funding methods do XM.com accept?
There are a number of methods to fund your accounts with XM.com. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all place. The currencies XM.com
Is my money safe with XM.com?
Yes, your money is safe and protected with XM.com. As you know, XM.com works with proper conformation to. It has established plenty of steps to protect all its investors.
XM.com protects its customers' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you want to further protect your account, you can empower Two-Step Verification as well. It takes an SMS confirmation for you to get your account.
Is XM.com trading good?
Yes, trading via XM.com is a nice and decent experience indeed. It's a great and intuitive platform with useful features for your ease. Moreover, you could even gain access to a vast collection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does XM.com support?
XM.com operates around the world. However, due to regulations there are some countries that XM.com does not accept clients from CA, IL, US
Is XM.com legit?
XM.com 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.com 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.com a good broker?
XM.com is an excellent broker, and its own users may vouch for it. The highlight of this platform is its fast order execution on trades.
You will discover the clean design of this platform and the admirable features a pleasure to work with.
Is XM.com a trustworthy broker?
Yes, XM.com is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 3,500,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for XM.com?
The minimum deposit to open a live account with XM.com is $5
How long do XM.com withdrawals take?
Normally, withdrawal of money from XM.com is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from XM.com to show in your bank account.
Are XM.com regulated?
XM.com are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Is XM.com a market leading broker?
XM.com is indisputably among the business leaders. It supports over 3,500,000+ registered customers and over 12 years of expertise on its record. They are among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and broad selection of resources plus tools so you can put money into capital markets.
Is XM.com a con?
No, XM.com 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.com is not a scam.
Can you make money with XM.com?
Through XM.com, several traders earn a great deal of money. But typically, through continual trading, you also can create between 2% - 10% profit a month.
This may seem to be a small number, but over the year, this adds to a significant amount of gains. Even though XM.com provide you all of the tools to make money, they cannot guarantee you will gain.
Does XM.com have fees?
Yes. To begin trading using XM.com, you need to deposit $5. Certain commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.
When was XM.com founded?
XM.com was founded in 2009 in Cyprus. XM.com 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.com?
XM.com is a globally recognised broker with 3,500,000+ clients.
Where is the XM.com head office?
XM.com has its head office in Cyprus
Does XM.com offer negative balance protection?
Yes, XM.com has Negative Balance Protection. It's especially offered while the industry volatility keeps clients from letting their account go into the red. In a situation like this, XM.com offers the ability to reset a customers account balance to zero.
You are able to go through the important conditions on XM.com's website to comprehend their policies.
Does XM.com offer guaranteed stop loss?XM.com unfortunately, doesn't provide guaranteed stop loss. XM.com provides an opportunity for its dealers to close their trades at their specified price. Aside from that, XM.com does not provide guaranteed stop loss.
Does XM.com allow scalping?Yes, XM.com do permit scalping. Many traders across the world choose XM.com for their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM.com allow hedging?
Yes, XM.com does allow hedging.
Can you trade energies with XM.com?
Yes, you can trade energy stocks with XM.com
Can you trade agricultural shares with XM.com?
No, unfortunately you cannot trade agricultural stock with XM.com
Can you trade cryptocurrency with XM.com?
No, unfortunately you cannot trade cryptocurrency with XM.com
Can you trade metals with XM.com?
Yes, you can trade metals with XM.com
Can you trade UK Shares with XM.com?
No, unfortunately you cannot trade UK shares with XM.com
Can you trade US Shares with XM.com?
No, unfortunately you cannot trade US shares with XM.com
Can you trade Japanese Shares with XM.com?
Yes, you can trade Japanese shares with XM.com
Can you trade German Shares with XM.com?
Yes, you can trade German shares with XM.com
Does XM.com accept bank transfers?
Yes, XM.com accepts bank transfers for depositing money.
Does XM.com accept credit cards?
Yes, XM.com accepts credit cards for depositing money.
Does XM.com accept PayPal?
No, XM.com does not accept PayPal.
Does XM.com accept Skrill?
No, XM.com does not accept Skrill.
Does XM.com accept Payoneer?
No, XM.com does not accept Payoneer.
Does XM.com accept Neteller?
Yes, XM.com accepts Neteller for depositing money.
Does XM.com offer Live Chat customer support?
Yes, XM.com offers customer support through live chat.
Does XM.com offer phone customer support?
Yes, XM.com offers customer support over the telephone.
Does XM.com offer email customer support?
Yes, XM.com offers customer support through email.
What languages can XM.com communicate in?
XM.com 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.com have a wikipedia page?
Does XM.com offer demo accounts?
Yes, XM.com offers virtual portfolio accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of XM.com's features before signing up for a live account.