XM REVIEW 2020 - PROS AND CONS REVEALED

XM Review 2020

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.

Accounts:

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
Commission NO Commission NO Commission YES
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$

Supported instruments:

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.

Platforms:

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.

Regulation:

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.

Payment methods:

XM offers over 25 deposit and withdrawal methods. They include Credit Cards, Skrill, Neteller, Union Pay, Sofort Banking, CashU, and others.

Conclusion:

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.

Forex Brokers Ranking.

Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading.
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