Read our XM Review and You Might be Tempted to Join More than 700,000 Other Traders

Info AboutXM

Bonus: $5000

Regulation: CySec, FCA, BaFin

Instruments: Forex, Precious Metals, Energies, Equity Indices and more

Established: 2009

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What are you looking for in a CFD broker? A good reputation with thousands of clients already trading online? A CFD broker with a presence in almost 200 different countries? One that promises zero rejections and requotes ever? Keep reading our XM review because we think we’ve found one to fit the bill perfectly.

Introducing XM – A leading CFD broker

When it comes to choosing a CFD broker there is a bountiful number to choose from. Some have been operating in the industry for many years, while there are others who entered the arena just a short time ago. XM is one of those with almost two decades of experience under its belt. XM.com is actually the trading name of another company. Trading Point of Financial Instruments entered the online trading world in 2009. With its headquarters in Limassol, Cyprus, this particular trading provider is licensed and regulated by CySEC. And if you’re still not convinced of its reliability you can take comfort from the fact it is also authorized to offer its services by the Financial Conduct Authority (FCA) in the UK, BaFIN in Germany, and CNMV in Spain.

XM gives you the opportunity to start trading straight away

An XM bonus is available as soon as you sign up for a trading account. You don’t even have to make a deposit to earn a generous $30 no deposit bonus. Best of all, there are no hidden terms, all profits earned can be withdrawn and the no deposit XM bonus is automatically credited to your account. With such a great introductory bonus you will able to test out the trading environment and see if you like it. Before continuing with funds of your own. This particular bonus has a 30 day limit from the date you open your account and verification has to be completed along with identity validation. And such a great bonus is not all XM are currently offering. The list of promotions is really quite impressive. Included are the following:

  • XM bonus program offering 100% up to $5,000
  • The $1,000,000 Forex world championship
  • XM loyalty program
  • Free VPS services
  • Zero fees on deposits and withdrawals

A pretty array of special offers you have to agree. If you’re interested in learning more stay with us to discover what types of account are available.

Open an XM account with as little as $5

XM has an array of accounts catering not just for those who have heaps to invest. The little trader gets a look in as well. Opening a Micro account requires just $5. Minimum trade volume is just 0.01 lots which make it perfect for beginners because 1 lot is equal to 1,000. Spreads on all majors are as low as 1 pip, and there is up to 888:1 leverage available. For those of you with a little more to invest the options are a standard account or an XM zero account.

Standard account details

  • Minimum deposit $5
  • Leverage up to 888:1
  • Spreads on all majors as low as 1 pip
  • Minimum trade volume 0.01 lots
  • Contract size 1 lot equals 100,000

XM zero account details

  • Minimum deposit $100
  • Leverage up to 500:1
  • Spreads as low as 0 on all majors
  • Commission is payable
  • Minimum trade volume 0.01 lots
  • Contract size 1 lot equals 100,000

All account options are available in the form of an Islamic account, and there is also an XM demo account option for those who want to start their experience in the virtual trading world. All account types use the very popular MetaTrader 4. You’ll find funding your account or taking out your profits a walk in the park, as a number of popular methods are supported. These include credit cards, bank transfer, Moneybookers, Neteller, and Skrill. Deposits are generally processed immediately but there is a $5 limit for electronic methods. Withdrawals tend to take a little longer but are normally processed within 24 hours. Credit/ debit cards and bank wire transfer can take as long as 5 days.

XM are offering the leading trading platform for a user-friendly experience

When it comes to picking a top rated CFD broker the trading platforms available are an important feature to consider. You won’t go far wrong with XM as it has chosen the industry standard MetaTrader 4. MT4 is also the most popular trading platform for all kinds of traders because it is just so easy to use. There are a number of versions available including:

  • MT4 for PC
  • MT4 for Mac
  • MT4 Multiterminal
  • MT4 Webtrader
  • MT4 for iOS and Android devices

However you decide to trade you can be certain your device will be supported. All options can be accessed using one account and you get to choose XM desktop versions of the software or XM mobile platforms for smartphones and tablets.

XM customer support will be there when you need it

24-hour customer support is always important, as you never know when you’ll need a helping hand, especially in the beginning. XM provides a range of telephone numbers specific to certain queries, along with live chat. The support desk is open 24 hours a day, 5 days a week. To keep clients informed and up to date, there is an extensive range of information including webinars and seminars for those who want to learn not just the basics but more advanced subjects such as technical and fundamental analysis. The webinars are available in 14 different languages, held 5 days a week, and are hosted by 21 expert webinar instructors. If you’re looking for an experienced CFD broker with a great reputation you’ll be pleased with all XM has to offer. The website is informative, well laid out and easy to navigate. You have the opportunity to try it all before you risk real money with the help of an XM demo account, but if you want to start trading in a real environment the XM no deposit bonus may be just the thing you’re looking for.