XM is a very popular Forex, Stocks, Energies and Gold / Silver CFD’s broker who offer over 1,000 markets to trade.
XM has been operating since 2009 and now has well over 3,5000,000 traders on their books.
Not only are they a hugely popular broker, they are globally regulated around the world and have some of the biggest and best bonuses, including no deposit bonuses to get your started.
XM has accounts for all levels of traders with account deposits starting at $5 and content converted into 30 different languages. They offer 24 hour, 5 day a week support through live chat and email and offer some of the smallest minimum deposit levels to get started live trading.
Table of Contents
XM Broker Review
Pros of XM
- Globally Licenced (Including ASIC in Aus and FCA in UK)
- Up to 500:1 Leverage
- No Trade Rejections or Re-quotes
- Big Bonuses
- Small Minimum Deposit
Cons of XM
- Do Not Offer Cryptocurrency Trading
- Canadian and US Traders Not Accepted
XM Broker Regulation
XM is globally regulated and holds licences in the following districts;
- Cyprus Securities and Exchange Commission (CySEC) (licence number 120/10)
- International Financial Services Commission (IFSC) (license number IFSC/60/354/TS/19).
- Financial Conduct Authority (FCA in UK) (FRN: 705428).
- Australian Securities and Investment Commission (ASIC in Aus) (AFSL 443670).
- Dubai Financial Services Authority (DFSA) (reference no. F003484).
Available Markets to Trade on XM
XM has over 1,000 markets you can trade from individual stock CFD’s through to Forex and Gold. The full list includes;
XM Trading Platforms
XM offers both MT4 and MT5 with a range of different download options.
XM MT4 Trading Platform
The XM MT4 platform gives you one single login that allows access to 8 different MT4 platforms.
XM allows you to trade on MT4 with no re-quotes, no rejections and flexible leverage that starts from 1:1 up to 500:1.
XM MT4 Platform Includes;
- MT4 for PC
- MT4 for Mac
- MT4 WebTrader
- MT4 for iPhone
- MT4 for iPad
- MT4 for Android
- MT4 for Android Tablet
XM MT5 Trading Platform
The XM MT5 platform gives you one single login that allows access to 7 different MT5 platforms.
The XM MT5 offers very similar features that the XM MT4 includes, but with the addition of 300 stocks (shares) CFDs, making it the ideal multi-asset platform.
The XM MT5 platform allows you to trade Forex, stocks, gold, oil and equity indices from one platform with no rejections, no re-quotes and flexible leverage from 1:1 to 500:1.
XM MT5 Platform Includes;
- MT5 for PC
- MT5 for Mac
- MT5 WebTrader
- MT5 for iPhone
- MT5 for iPad
- MT5 for Android
- MT5 for Android Tablet
XM Bonus Offers
You can currently claim two main bonus offers.
XM Deposit Bonus
The deposit bonus is a two-tier bonus offering 50% up to $500 and 20% up to a maximum combined bonus amount of $5,000, or currency equivalent.
Basically for your first $500 deposit you will get 50% bonus funds credited. Your next deposits after that up to the amount of $5,000 will get a bonus of 20%.
The best thing about this bonus is that any profits generated can be withdrawn at any point in time.
If you signup with the link below you can access this bonus automatically until the $5,000 has been deposited.
XM No Deposit Bonus
This is a pretty cool bonus if you are a new trader.
You do not have to make any kind of real money deposit and you will get $30 deposited into your account. You can then trade with the real money.
The other nice thing is that all the profits can be withdrawn.
The $30 is equivalent to: 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN, 7000 HUF, 40 SGD or 347 ZAR depending on your base account currency.
To access this no deposit bonus, signup through the link below;
XM Trading Account Types
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- Base Currency Options; USD, EUR, GBP, JPY, CHF,
AUD, HUF, PLN, RUB - Contract Size 1 Lot = 1,000
- Leverage up to 500: 1
- Negative balance protection
- Spreads on all majors as low as 1 pip
- No commissions charged
- Minimum trade size = 0.01 lot
- Hedging is allowed
- Islamic accounts available
- Minimum deposit $5
- Base Currency Options; USD, EUR, GBP, JPY, CHF,
-
- Base Currency Options; USD, EUR, GBP, JPY, CHF,
AUD, HUF, PLN, RUB - Contract Size 1 Lot = 100,000
- Leverage up to 500: 1
- Negative balance protection
- Spreads on all majors as low as 1 pip
- No commissions charged
- Minimum trade size = 0.01 lot
- Hedging is allowed
- Islamic accounts available
- Minimum deposit $5
- Base Currency Options; USD, EUR, GBP, JPY, CHF,
-
- Base Currency Options; USD, EUR, GBP, JPY, CHF,
AUD, HUF, PLN, RUB - Contract Size: Standard Ultra: 1 Lot = 100,000
Micro Ultra: 1 Lot = 1,000 - Leverage up to 500: 1
- Negative balance protection
- Spreads on all majors as low as 0.6 pips
- No commissions charged
- Minimum trade size = 0.01 lot
- Hedging is allowed
- Islamic accounts available
- Minimum deposit $50
- Base Currency Options; USD, EUR, GBP, JPY, CHF,
Deposit and Withdrawal XM Broker
NOTE: XM do not charge any fees for deposit or withdrawal. For example, if you deposit 100 USD, then withdraw 100 USD, you will see the whole 100 USD in your Skrill as XM will cover all transaction fees for you both ways.
They also have a large range of deposit and withdrawal options that include all major credit cards, electronic payment methods, wire transfers, local bank transfer and many more such as Skrill. You will find all of these options inside your secure traders area once logged in.
Lastly
Being one of the biggest and most popular brokers in the world XM is a good choice for both beginners and advanced traders alike.
Whilst they do not accept traders from all countries such as Canada or the US, they offer a wide selection of account types and trading platforms to suit each individual trader.
They are also globally regulated making them a safe choice for your trading needs.
