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0.6 Spreads as low s 0.6 pips

888:1 Leverage

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XM broker review

XM Brokerage Company was created as a coproduct of Trading Point Financial Instruments Ltd., which has a reputation of one of the world's largest providers of Internet trading services. Forex broker XM started its activity in 2009. The company was founded in Cyprus, called initially XEMarkets, but after rebranding its name was shortened to XM.

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XM in 2020 is a significant and globally recognized investment company with a leading position in the industry. The broker has the knowledge and resources to allow traders with any experience and from any country in the world to implement their investment plans successfully. And by tracking the latest trends in the industry and incorporating the latest technologies into its operations, the company is continuously improving to meet the growing and more sophisticated needs of its clients.

The results of the company's work for ten years: 2 500 000+ clients; Traders from 196 countries; Support of 30+ languages; 25+ payment systems; 16 multifunctional trading platforms; 450+ specialists with rich experience in finance.

Regulation

The British regulation of the FCA (Trading Point of Financial Instruments UK Limited) is the most powerful advantage of a broker. It means that the company's activity meets all the regulatory rules and regulations. A licensed broker is a reliable broker, and if he has a license from the most significant regulated body, the integrity of his work is beyond doubt.

Also, XM Group is licensed by ASIC in Australia (Trading Point of Financial Instruments Pty Limited) and CySEC in Cyprus (Trading Point of Financial Instruments Ltd).

Feedback

One of the most important indicators of the broker's work is the feedback of traders who already have experience working with the platform and are ready to share it. Reading the feedback from XM clients, you realize that a broker tries to work for a client, always goes to a meeting, providing high-quality services and excellent service. Traders are happy to work with a broker and do not need to use other similar services, the reliability of most of which is in considerable doubt. They highly appreciate XM and leave a lot of positive feedback.

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First of all, users are impressed by the principles on which the work of the broker XM is built. Excellent, attentive attitude to the client and his needs, quick problem solving, favourable conditions for profitable trading and all this is accompanied by the highest service.

Among the advantages of the service, clients note a modern multi-language interface, stable operation of the software, timely payments, fast registration and simple verification, a large number of instruments for trading, low spread, fast order execution, frequent bonuses, reliability, competent support service.

"I like this broker, and I have been working closely with him for a long time. Always payments are timely, and I am satisfied with them. You can count on it, and what else do you need?"

"Thank you, XM for its quality service! One of the few companies that warn about trade risks."

"Quite a good broker with excellent, just great execution. Of course, the spreads are a bit large, but due to the excellent execution of trades, this is not felt. The website has a great bonus program and loyalty program".

“Positive broker, the main advantage of technical support of the client on the questions, timely, accurately, withdrawal of money on the day of the order on the conclusion that pleases, not everyone has it: traditional trading conditions, plus bonuses. I continue to trade with XM”. 

As for negative reviews, of course, they also exist, but they are rare. The deal was cancelled, long waiting for withdrawal of funds, too secure password, etc.

6 Asset Classes - 16 Trading Platforms - Over 1000 Instruments.
Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices at XM.

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Advantages and disadvantages

The pros:

  • International focus: 2.5 million clients from 196 countries;

  • 20+ Forex awards;

  • Licensed and regulated broker: FCA (UK), ASIC (Australia), CySEC (Cyprus);

  • Intuitive and straightforward interface, characterized by the smooth operation;

  • Multilingualism: customer service in more than 30 languages;

  • Seven asset classes: trading currencies in Forex, stock indices, commodities, stocks, metals and energy;

  • Three types of accounts with different trading conditions, as well as the possibility to open a demo account;

  • The minimum deposit to open an account is $5;

  • 100% order execution and 99.35% of transactions are opened within 1 second;

  • 100% order execution and 99.35% of transactions will be unlocked within 1 second;

  • Fast implementation of orders on cent accounts;

  • 16 trading platforms;

  • 25 payment systems;

  • 1000+ traded instruments;

  • Narrow spreads: from 0.6 pips for all trading accounts;

  • 55+ popular currency pairs;

  • 300+ CFDs on shares, indices, commodities, metals, energy;

  • Zero commissions for input and output;

  • Leverage up to 1:888;

  • Personal account managers;

  • Free daily technical analysis of the forex market;

  • A huge amount of training materials, free webinars;

  • Issue of Mastercard bank cards with your logo and the ability to withdraw funds to them without commission pay for goods and services on the Internet;

  • Fast and qualified technical support;

  • Bonuses: welcome bonus (up to 5000$), a loyalty program.

  • Mobile trading.

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Minuses:

  • Weak password protection for your account: You cannot use special characters when compiling a password;

  • Lack of two-factor authentication;

  • Not regulated by the Central Bank of Russia;

  • No ECN-accounts (Electronic Communication Network).

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