By Areena Fx
XM Review – An Examplary Broker in Every Sense
XM is a large Forex Broker started its activity in 2009 and so far operates clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers with good trading conditions and offering overall.
The main branch located in Cyprus regulated by CySEC, yet offices are truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.
Is XM good broker?
There are about 1.5 Million Traders and investors at XM that selected broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders.
So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients. Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within XM review.
XM Pros and Cons
☛ XM is a broker with a great reputation and numerous regulations and very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and XM has one of the lowest deposit requirements among the industry, CFD costs we found average and platforms are very friendly to all types of traders.
☛ At XM the account can be opened regardless of a net of capital with only 5$ or trading experience, also with its global approach and discovery of new markets, XM supports webinars and research materials, allowing to engage and start trading carer.
☛ On the other hand, as we noticed XM has limited portfolio for EU clients, and outside EU clients there is no good investor protection.
| Advantages | Disadvantages |
|---|---|
| Multiply regulated broker with a strong establishment | Europe clients may trade only CFDs, Forex and Crypto products |
| Wide range of trading opportunities | |
| Global expands including ASIA, MENA, Africa regions | |
| Excellent Education and Research | |
| Low minimum Deposit | |
| Competitive trading conditions |
XM Review Summary in 10 Points
 Headquarters | Cyprus |
 Regulation | ESMA, CySEC, ASIC, FCA, etc. |
 Platforms | MetaTrader trading software offering MT4 and MT5 platforms |
 Instruments | Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies (not available to all Entities of the Group) |
 EUR/USD Spread | 1.6 pips |
 Demo Account | Available |
 Minimum deposit | 5$ |
| Base currencies | Various currencies |
 Education | Professional Education with webinars and Seminars |
 Customer Support | 24/5 |
Overall XM Ranking
★ Based on our Expert finds, XM is considered reliable broker with good trading conditions suitable for various traders including European clients and excellent service that makes XM suitable for beginners with quality education and one of the lowest deposit requirements overall.
★ XM Overall Ranking is 9.2 out of 10 based on our testing and compared to other brokers.
FAQ: Is XM safe or a scam?
No, XM is not a scam. We consider XM a safe broker to trade Forex and CFDs, since XM is regulated and licensed by several top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.
FAQ: Is XM Broker regulated?
XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC) (Also like FP Markets). Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our XM Review.
FAQ: Is XM a reliable broker?
The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM operates its trading environment according to the regulatory measures making it a reliable broker.
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