XM.com Guide – Read our In-Depth XM.com Review
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 US users.
If you're a new entrant in the realm of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you have 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 lead investment program will generate hefty returns. XM.com is just one such platform which will take you and your investment to great heights. It is important that you know all about XM.com before you trust them with your cash.
Our full XM.com Review covers all you need to learn about trading using XM.com. A fantastic agent can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you choose them. It's a common misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
XM.com is a broker which has found its way successfully into the broker world. Within this review, we've attempted to collate some of the important facets of XM.com. This review will allow you to know whether XM.com is a fantastic match for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
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?
- 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 forex broker headquartered in Cyprus and provides a variety of tools for online trading. Since its establishment in 2009, XM.com has emerged as a leading player in the field of online brokerage. XM.com has a highly competitive and full-featured trading site that's focused on forex, indices, metals, sharesand commodities.
Over the past 12 years, XM.com has grown into one of the leading online brokers.
After establishing in 2009, their customer base is becoming as large as 3,500,000+ clients.
XM.com is a favorite of many traders because of its negative balance protection. Our XM.com review found that they are an superb alternative for automated trading solutions. They're best suited 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 also a well-regulated broker by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding array of resources will be beneficial for most traders. Third-party partnerships also supply in-house analysis.
The trader resource section at XM.com is very insightful for new dealers since it allows them to get a closer look in the financial markets. XM.com caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.
Who Founded XM.com?
The founders of XM.com are Constantinos Cleanthous
The founders of XM.com are famous for their experience in the world of online trading. However, there are a lot of other important people in XM.com who have a substantial contribution to it's success.
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 with XM.com
XM.com is a dynamic platform that offers various methods of online trading. These tools cover the monetary markets considerably. The Majority of the broker platforms offer fewer procedures than XM.com
If you want to exchange with XM.com, you will require a minimum deposit of $5. This deposit is compulsory if you want to start trading using XM.com. This 2021 XM.com review will guide you easily about trading with them.
XM.com is as flexible as any other broker platform. XM.com is excellent for traders that want a manageable assortment of low-cost services. The platforms provided by XM.com are third-party, white-label offerings. All traders may pick out of MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Together with everything, XM.com has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The agents offer premium customer service which rewards clients with benefits.
Many unprofessional brokers try to pressurise consumers into larger financing for premium services. XM.com, on the other hand, is much more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further advantages will come along.
XM.com accounts are available globally and provides outstanding service wherever they have customers. There are some select few countries where XM.com accounts are not available. Traders in the following countries cannot open or use a XM.com account:
Is XM.com Safe To Trade With?
Established in 2009, XM.com has been operating 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 bodies have rules that mandate that trading platforms have measures in place to maintain investor's resources procured. This usually means that XM.com users do not need to be worried about their money as it is segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information also.
You are able to make use of a choice for Two Factor Authentications (2FA) with XM.com for increased safety. An SMS for the confirmation code will be sent to a mobile phone. You will be required to enter this code to log into your account.
Another concern with financial brokers is in respect to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. Nonetheless, this is much more widespread in the case of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With XM.com
Every online trading platform will have a few ups and downs, and no XM.com review would be complete without showing both sides. 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 doesn't charge withdrawal fees
- XM.com doesn't charge deposit fees
- XM.com doesn't charge CFD fees
- 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 Review - Compare Brokers Similar To XM.com
|XM.com||AvaTrade||Think Markets||Circle Markets|
|Headquarters||Cyprus||The British Virgin Islands||Australia||New Zealand|
|Regulated By||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||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)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)||Financial Industry Regulatory Authority (FINRA)|
|Find Out More|
|Risk Warning||Your capital is at risk||79% of retail investor accounts lose money when trading CFDs with this provider||Losses can exceed deposits||Your capital is at risk|
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 company, has a powerful collection of rules for ensuring fair trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
XM.com Review - Awards
- 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 Review - Minimum Deposit Required
The minimum deposit you must deposit to get started on XM.com is $5. This is a decent amount for those just beginning. You can make more complex residue as you cooperate. However, ensure you understand how to make the most of your cash before investing in larger sums.
XM.com Review - Commission And Fees Explained
XM.com is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 different types of fees for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you are spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight prices are those that are billed when you maintain a leveraged position for more than daily.
Apart from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake on your account. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, XM.com does not charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, such as weekly or daily trading.
But, non-trading fees billed by XM.com are comparatively competitive. As a result, you are charged more for non-trading activities in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This XM.com review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against XM.com
|XM.com||AvaTrade||Think Markets||Circle Markets|
|Deposit Fees||No||No||skrill 2%, neteller 2%|
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 draw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't necessarily need to have any money on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn money is going to be sent into the card. XM.com will ask you to offer other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you're opting to draw in.
XM.com Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions which run through your head while 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 a while. The period regarded as inactive is determined by the broker.
The inactivity fee also differs from 1 agent to another and is not standardized. If a traders account doesn't have a purchasing or selling transaction, it is maintained by the agent as an inactivity fee. The traders need to pay this commission under conditions and terms they had consented while registering.
XM.com charges an inactivity fee when you don't make any trades for a while.
Even if no fees have been indicated by XM.com, it's better that you close the account if you're inactive. Inactivity fees are not just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to a lot of conditions and should be disclosed clearly by the broker beforehand.
XM.com Review - Deposit Fees Explained
When you move 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 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 simple. You just have to complete a single-user profile survey to begin depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit substantial sums.
XM.com Review - Compare Broker Deposit Methods
|XM.com||AvaTrade||Think Markets||Circle Markets|
What Can You trade With XM.com?
Note: XM.com provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered can be different 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 forex pairs is of interest to you then XM.com offer over 80 currency pairs.
Compare XM.com, AvaTrade, Think Markets & Circle Markets below.
Alternatives To XM.com
If, after reading this XM.com review, XM.com doesn't quite meet your requirements check out these XM.com alternatives.
We've scoured the web to find the best alternatives to XM.com. Click the hyperlinks below to learn more.
Frequently Asked Questions about XM.com
Can I try XM.com before I buy?
Yes, you can most definitely try XM.com before you buy. XM.com offers demo accounts for the ease of beginner traders. You may use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demo account on XM.com, you will set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you choose to spend your own money.
With this virtual XM.comdemo account, you can experiment at all, to whatever length you wish. You can also open positions, examine different trading strategies, and much more.
XM.com specifies on its official website which you can exchange real time stocks in a demo account.
Is XM.com safe?
You can drop all your worries since we believe that XM.com is totally safe to use. It's in compliance with all the rules 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 acocunt with XM.com is $5. You should have a good hold over the nuances 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 multiple methods to fund your account 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 can be at your disposal for depositing funds. You must bear in mind that PayPal is not available in all country. The currencies XM.com
Is my money safe with XM.com?
Yes, your money is safe and secure with XM.com. As you already know, XM.com operates with proper conformation to. It's established plenty of measures to protect all of its investors.
XM.com safeguards its clients' private and sensitive data under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS affirmation that you access your accounts.
Is XM.com trading good?
Yes, trading via XM.com is a nice and good experience indeed. It's a great and intuitive platform with helpful features for your simplicity. Moreover, you can even obtain access to a vast collection of educational tools and assistive material to kickstart your trading experience.
If you remain skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries does XM.com support?
XM.com operates around the globe. However, due to regulations there are some countries that XM.com cannot accept clients from
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 users can vouch for it. The highlight of this platform is its fast order execution on trades.
You'll discover the clean layout of this platform along with the admirable features that 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 has over 3,500,000+ registered users and over 12 years of experience on its record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.
It simplifies this status to its unbelievable platform and broad range of resources plus tools so that you may 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?
Using XM.com, several traders earn a great deal of cash. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This can look like a small number, but over the entire year, this adds to a significant amount of gains. While XM.com provide you all of the tools to make money, they can't guarantee that you will profit.
Does XM.com have fees?
Yes. To start trading with XM.com, you need to deposit $5. Particular commissions while trading also apply. Any processing fees from your bank will have 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 is especially offered when the market volatility keeps clients from letting their accounts go into the red. In such a scenario, XM.com provides the ability to reset a clients account balance to zero.
You are able to go through the important stipulations on XM.com's website to comprehend their policies.
Does XM.com offer guaranteed stop loss?XM.com regrettably, doesn't provide guaranteed stop loss. XM.com gives a chance to its dealers to close their trades at their specified price. Aside from this, XM.com doesn't offer guaranteed stop loss.
Does XM.com allow scalping?Yes, XM.com do permit scalping. Many traders throughout the world select XM.com for their scalping services. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which let 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?
No, unfortunately you cannot 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?
No, XM.com does not have an official wikipedia page.
Does XM.com offer demo accounts?
Yes, XM.com offers demo accounts so you can learn their systems before risking any real money.