A Review of XM Forex Trading Broker

Reward: £5,000
  • Licence:
  • CySEC
  • 207/13
  • Licence:
  • FCA
  • 705428
  • Licence:
  • ASiC
  • 443670
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Skrill, Neteller, Wire Transfer and more
Min. Deposit: £5
Broker Rating:
  • Reward: 4.8
  • Platform: 4.8
  • Mobile: 4.6
  • Live: 4.7
Overall Score: 4.73/5
Featured Platforms:
  • MT4, MT5, Web Trader, iPhone Trader, iPad Trader, Droid Trader and Mobile Trader
Broker Info
  • Company: Trading Point Holdings Ltd
  • Founded: 2009
  • Headquarters: Cyprus
  • Phone: +357 25029933
  • Email: support@xm.com

For those who want to take part in Forex trading often, finding a good broker is very important. It’s always useful to choose such that makes it comfortable for you to make trades. However, there’s more to it than trading alone. You want to find a FX broker that makes it easy for you to get better at trading, too.

Many traders, then, turn to XM Forex Broker. They are pretty popular, but are they what you need for your own trading requirements?

Open an account at XM Forex today!

History

XM is not a relative newcomer to the industry. Available in the United Kingdom and Australia, they also operate in Cyprus. They were founded in 2009, and quickly formed a positive reputation across the industry. While they are still building a history in the trading industry, many users swear by their service.

Bonus Offers and Promotions

XM Forex offers several promotions that you might like to use, including free VPS services. These are useful for those who want to trade faster, safer and from anywhere. Online all the time, this makes a very good promotion to pick up for those who are looking for some extra value. This would also be good for those who are worried about downtime and similar problems.

Another useful promotion at the moment is their 0% fee on all deposits and withdrawals. That’s very impressive with instant funding and all major credit cards & e-wallets covered entirely. With no extra hidden fees to worry about, you can feel pretty good about working with XM.

Regulations

They are regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), as well as the Australia Securities and Investments Commission (ASIC 443670) alongside the Financial Conduct Authority (FCA 705428). They provide a safe and regulated service, then, but what else?

If you want to work with a service that is well-regulated and trustworthy, then XM is a good place to start.

Platforms Offered

The platforms offered by XM are very impressive indeed. With both demo and real accounts offered, you can trade across as many as 8 different trading platforms. This allows you to use any of the platforms which offer market, limit, stop and trailing orders – all accessible from the one location. They also make use of Metatrader 4, one of the most popular platforms on the market at this moment in time.

This will work with a limitless amount of demo and real accounts, and it also fully supports Expert Advisors. At the moment, the following trading software solutions include: Metatrader 4; Metatrader 5; Web Trader; iPhone Trader; iPad Trader; Droid Trader and Mobile Trader. This should give you more than enough to pick from if you want a steady, reliable platform to work with.

Education and Support

Of course, one of the hardest parts about the education element of Forex trading is finding good information. Many people spend a lot of time being needlessly confused thanks to poor information from supposedly trustworthy sources. If you want to avoid this, then you want to find a trader with good, reliable education and support.

Thankfully, XM is very much useful when it comes to helping you get started. With support provided across live chat and also across phone, or even e-mail if you wish, you have many options. They are open across all five business days, and can provide you with support in as many as fourteen languages. So, if you are in need of some help and some answers you will find support is pretty good here.

They have some great educational tools for you to learn from. This includes a series of in-depth weekly webinars, as well as numerous video tutorials. If you are looking to get a better idea of what to do – and when – then you will get plenty of aid from XM. More importantly, they offer some very useful news about the Forex market as a whole. If you feel like you need some help with decision making and other similar issues, then you will find plenty of assistance within.

Out of all the FX trading systems around, XM has among the most reliable tutorials and support systems.

Withdrawal and Deposits

Like any good platform for trading, XM makes withdrawals and deposits nice and easy. With negative balance protection and the lack of hidden fees and commission costs, you can really feel safe when using XM. They are also very good when it comes to finding you excellent real-time market execution policies. Overall, this leads to a very impressive number of options for you to pick from.

Also, to make things easier, same day withdrawals are guaranteed. You can pick from a series of modern payment choices, from credit cards like VISA, Switch and Electron to choices like Skrill and standard bank wiring.

With 58 countries also supported for local bank transfer options, too, you might find it pretty easy to manage your money with XM. For this reason, you should have little to no problems in making the most of your account when it comes to managing your money.

Verdict

For a while, XM has been rated as among the easiest to use solutions for Forex trading. You will find that they offer you all the help that you need to get things started, with easy to use educational tools alongside simple withdrawals. You can also manage fast and easy management of your account, including personal account management and phone trading.

Terms and conditions apply on many of their bonuses, but they do offer some very reliable bonuses from time to time. You should look to make the most of them as often as you can. On top of that, XM is licensed in the EU, so you can feel safe using a well-regulated and reliable online platform.

If you are looking for a home to start your Forex industry, you might find that XM is a fine place to start. It’s a very reliable, effective site to learn on, to build up your confident and, eventually, to hopefully turn a consistent profit.