XM was found in 2009. The company grew fast and currently has over 450 employees in over 120 offices. The company has over 2 400 000 clients from 196 counties. The company supports over 30 languages and it is suitable for clients all over the world. There is also a big amount of different type of analysis and another type of resources which could be used from clients with a different type of knowledge.
XM offers three types of account – Micro account, Standard account, and XM Zero account. The Micro account is suitable for new traders that just start with forex and want to get deeper knowledge or just understand what the product is. On the other hand, the XM Zero account is account that has been designed for experienced traders who are searching for more competitive conditions for trading. You could see comparison between the different accounts in the table below.
|Micro Account||Micro Account||Standard account||Standard account||XM Zero account||XM Zero account|
|Base Currency Options||USD, EUR, GBP, JPY, CHF,AUD, HUF, PLN, RUB, SGD, ZAR||Base Currency Options||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR||Base Currency Options||USD, EUR, JPY|
|Contract Size||1 Lot = 1,000||Contract Size||1 Lot = 100,000||Contract Size||1 Lot = 100,000|
|Spread on all majors||As Low as 1 Pip||Spread on all majors||As Low as 1 Pip||Spread on all majors||As Low as 0 Pips|
|Maximum open/pending orders per client||200 Positions||Maximum open/pending orders per client||200 Positions||Maximum open/pending orders per client||200 Positions|
|Minimum trade volume||0.01 Lots (MT4)||Minimum trade volume||0.01 Lots||Minimum trade volume||0.01 Lots|
|0.1 Lots (MT5)|
|Lot restriction per ticket||100 Lots||Lot restriction per ticket||50 Lots||Lot restriction per ticket||50 Lots|
|Islamic Account||Optional||Islamic Account||Optional||Islamic Account||Optional|
|Minimum Deposit||5$||Minimum Deposit||5$||Minimum Deposit||100$|
XM offers over 1000 trading instruments in 6 different asset classes. The instrument list in Forex contain 55 currency pairs including major, minor and exotic pairs. The clients could trade stocks from big range of markets includes UK, USA, France, Germany, Netherlands, Spain, Switzerland, Belgium, Italy, Greece, Portugal, Sweden, Finland, Norway, Austria, Russia and Australia. Commodities include eight instruments like Wheat, Cocoa, Sugar, Corn and others. The list of equity indices contains 18 of the biggest world indices. The clients of the broker could also trade GOLD, SILVER, Oil and Natural gas.
The clients could choose between Meta Trader 4 and Meta Trader 5. XM also offers different types of these platforms – the clients could access them from Desktop (Windows and Mac), Mobile (Android and iPhone) and Web Trader.
XM offers his services to clients from three main jurisdictions. In Cyprus, the company is regulated by CySEC under license number 120/10. In Australia, XM is regulated by the Australian Financial Services License by ASIC (number 443670). And in Belize XM is licensed by IFSC under license number IFSC/60/354/TS/19.
XM offers over 25 deposit and withdrawal methods. They include Credit Cards, Skrill, Neteller, Union Pay, Sofort Banking, CashU, and others.
XM offers a high quality of service. The company could trade over 1000 instruments in three main jurisdictions on over 30 supported languages. The clients could trade in Meta Trader 4 and Meta Trader 5 platforms and could use over 25 different deposit methods. XM has three types of accounts which are good simultaneously for new or experienced traders and for small and big traders.