XM.com Guide – Read our In-Depth XM.com Review
This XM.com review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this XM.com review does not apply to US users.
If you are a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge. You'll acquire proficient at all the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be transparent with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will generate hefty returns. XM.com is just one such stage that will take you along with your investment to great heights. It is crucial that you understand all about XM.com before you trust them with your cash.
Our entire XM.com Review covers everything you need to learn about trading using XM.com. A good agent can multiply your initial investments and give you favorable profits. If you want to make profits, you must trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire method to ensure profits; thus, you must carefully assess your broker before you choose them. It's a common misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
XM.com is a broker which has found its way successfully to the broker world. In this review, we have attempted to collate some of the vital aspects of XM.com. This review will allow you to understand whether XM.com is a fantastic match for your investments or not. We have tried to breakdown all of the qualities and charges for your convenience.
XM.com Review, Table Of Contents
- Who are XM.com?
- Benefits Of Trading With XM.com
- Everything you should know about trading with XM.com
- Is XM.com Safe To Trade With?
- Pro's & Con's Of Trading With XM.com?
- Compare Brokers Similar To XM.com
- Regulation And Licencing In More Detail
- XM.com Awards
- Minimum Deposit Required For A Live Account With XM.com
- XM.com Commission And Fees Explained
- Compare broker fees against XM.com
- XM.com Withdrawal Fees Explained
- XM.com Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With XM.com?
- Alternatives To XM.com
- Frequently Asked Questions About XM.com
Who are XM.com?
XM.com is a foreign exchange broker headquartered in Cyprus and provides a range of instruments for online trading. Since its start in 2009, XM.com has emerged as a top player in the field of online broker. XM.com includes an extremely competitive and full-featured trading site that is focused on currency, indices, metals, stocks , commodities.
Over the past 12 years, XM.com has grown into one of the leading online brokers.
After establishing in 2009, their customer base is becoming as big as 3,500,000+ clients.
XM.com is a favorite for many traders because of its negative balance protection. Our XM.com review discovered that they are an superb choice for automated trading solutions. They're best suited for investors who are searching for a variety of assets. Social and automated trading solutions are the heart at XM.com.
Technology plays a significant role at XM.com. XM.com offers trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. XM.com is fair, transparent, and a well-regulated broker by the International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource section at XM.com is very enlightening for new traders as it allows them to get a closer look in the financial markets. XM.com caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
Who Founded XM.com?
The founders of XM.com are Constantinos Cleanthous
The founders of XM.com are famous for their experience in the world of online trading. However, there are a lot of other important men and women at XM.com who have a significant impact on it's success.
If you feel that XM.com is not right for you then at the bottom of this XM.com review you wil find a lot of alternatives to XM.com.
Everything you ought to know about trading with XM.com
XM.com is a lively platform that offers various methods of online trading. These tools cover the monetary markets considerably. Most of the brokerage platforms offer fewer approaches than XM.com
If you would like to trade with XM.com, you will require a minimum deposit of $5. This deposit is mandatory if you would like to begin trading with XM.com. This 2021 XM.com review will guide you clearly about trading with them.
XM.com is as versatile as another broker platform. XM.com is great for traders that want a manageable array of low-cost services. The platforms offered by XM.com are third-party, white-label offerings. All traders can pick out of MT4, MT5, Mac, Web Trader, Tablet & Mobile apps.
Along with everything, XM.com has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction must be kept open. The agents provide premium customer service which rewards clients with advantages.
Many less reputable brokers try to pressurise customers into bigger funding for superior services. XM.com, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the more advantages will come along.
XM.com accounts are available globally and provides quality service everywhere they have customers. There are some select few countries where XM.com accounts are not available. Traders in the following countries cannot open or use a XM.com account:
Is XM.com Safe To Trade With?
Established in 2006, XM.com has been operating for 12 years, they are headquarted in Cyprus.
XM.com is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). These bodies have rules that mandate that trading platforms have measures in place to keep investor's assets secured. This means that XM.com users don't need to be worried about their money as it's segregated and safely stored in established banks. SSL encryption simplifies each user's personal information as well.
You can make use of a choice for 2 Factor Authentications (2FA) with XM.com for increased safety. An SMS for the verification code will be sent to your phone. You will be asked to input this code to log in to your account.
Another concern with fiscal brokers with regards to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker agents who compete with users on the stage.
Pro's & Con's Of Trading With XM.com
Every online trading platform will have a few pros and cons XM.com review would be complete without having a balanced approach. This XM.com review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- XM.com is trusted by 3,500,000+ clients
- XM.com offers Negative Balance Protection
- XM.com doesn't charge withdrawal fees
- XM.com doesn't charge deposit fees
- XM.com doesn't charge CFD fees
- XM.com offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
- XM.com offer 100 trading instruments
- XM.com trades major forex pairs
- XM.com trades minor forex pairs
- XM.com trades exotic forex pairs
- XM.com can communicate in Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
- XM.com does not offer Guaranteed Stop Loss
- XM.com charge inactivity fees
- XM.com doesn't offer trading on cryptocurrencies
XM.com Review - Compare Brokers Similar To XM.com
|Headquarters||Cyprus||St. Vincent & the Grenadines||Cyprus||UK|
|Regulated By||International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Financial Conduct Authority (FCA)||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15||Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor||Losses can exceed deposits|
XM.com Review - Regulation And Licencing In More Detail
XM.com is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
XM.com, as a company, has a strong collection of rules for ensuring fair trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
In accordance with the company's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
XM.com Review - Awards
- At the time of writing this XM.com review, they had not received any awards.
XM.com Review - Minimum Deposit Required
The minimum deposit you need to begin on XM.com is $5. This is a decent amount for those just starting out. It's possible to make more complex deposits as you cooperate. However, make certain that you know how to make the most of your money before investing larger sums.
XM.com Review - Commission And Fees Explained
XM.com is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of penalties for this objective.
The first sort of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you are spending a spread, funding rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight rates are those who are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, XM.com does not charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, such as daily or weekly trading.
However, non-trading fees charged by XM.com are relatively competitive. As a result, you're charged more for non-trading activities in your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This XM.com review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against XM.com
XM.com Review - Withdrawal Fees ExplainedXM.com doesn't charge withdrawal fees
Withdrawal of money is possible at any moment from the XM.com account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to keep in mind is that you don't always need to have any money in your accounts.
Moreover, the withdrawn money will be transferred directly to the account you use to create deposits. Thus, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. XM.com will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're choosing to draw in.
XM.com Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your mind while open an account with XM.com. An inactivity fee is an amount charged to registered dealers who haven't engaged in buying or selling for some time. The period regarded as inactive is decided by the broker.
The inactivity fee also differs from one agent to another and isn't standardized. If a dealers account doesn't have a buying or selling transaction, it is claimed by the agent as an inactivity fee. The traders need to pay this fee under terms and conditions they had agreed while registering.
XM.com charges an inactivity fee if you don't create any trades for a while.
Even if no charges have been implied by XM.com, it's best for you to close the account if you're inactive. Inactivity fees are not just charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand.
XM.com Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be charged by the broker. Most agents do not charge an excessive amount of money for this operation.
XM.com doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the XM.com trading platform is easy. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll have to provide an identity proof and evidence of residency to deposit large amounts.
XM.com Review - Compare Broker Deposit Methods
What Can You trade With XM.com?
Note: XM.com offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ depending on the country of residence of the client.
XM.com has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then XM.com offer over 80 forex pairs.
Compare XM.com, Ya-Hi, ForexTB & HYCM below.
Alternatives To XM.com
If, after studying this XM.com review, XM.com doesn't quite meet your needs check out these XM.com alternatives.
We have scoured the internet to find the best alternatives to XM.com. Click the links below to learn more.
Frequently Asked Questions about XM.com
Can I try XM.com before I buy?
Yes, you can most definitely try XM.com before you buy. XM.com provides demo accounts for the ease of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demo account on XM.com, you will set out with a decent amount of virtual money. It is to establish a sense of security and confidence in you until you decide to invest your own money.
With this virtual XM.comdemo account, you can experiment at all, to whatever length you wish. You can also open positions, examine different trading strategies, and more.
XM.com specifies on its official site which you are able to trade real time stocks with your demo account.
Is XM.com safe?
It is possible to drop all your worries because we believe that XM.com is totally safe to use. It's in compliance with all the rules of International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Even so, XM.com doesn't provide assured stop-loss protection.
Why does XM.com ask for my passport?
The reason that XM.com asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, XM.com has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, XM.com must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with XM.com?
The process to start trading withXM.com is perhaps simple enough to be a cakewalk. You need to begin by signing up on the XM.com website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with XM.com is $5. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with XM.com.
The best way to kickstart your trading career with XM.com is to open a demo account facility before risking any real money
What funding methods do XM.com accept?
There are a number of methods to finance your account with XM.com. The process is effortless and quick, with various payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal can be at your disposal for depositing funds. You have to keep in mind that PayPal isn't available in every country. The currencies XM.com
Is my money safe with XM.com?
Yes, your cash is safe and protected with XM.com. As you already know, XM.com operates with good conformation to. It's established plenty of steps to guard all its own investors.
XM.com safeguards its customers' private and sensitive data under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can empower Two-Step Verification as well. It requires an SMS affirmation that you get your account.
Is XM.com trading good?
Yes, trading through XM.com is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you could also gain access to a vast collection of educational tools and assistive substance to kickstart your trading experience.
If you are still skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does XM.com support?
XM.com operates across the world. However, due to regulations there are some countries that XM.com does not accept clients resident in
Is XM.com legit?
XM.com is a legit company headquarted in Cyprus since 2009. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC). XM.com is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is XM.com a good broker?
XM.com is an excellent agent, and its own users may vouch for this. The highlight of the platform is its fast order execution on transactions.
You'll discover the clean design of the platform along with the commendable features that a pleasure to work with.
Is XM.com a trustworthy broker?
Yes, XM.com is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 3,500,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for XM.com?
The minimum deposit to open a live account with XM.com is $5
How long do XM.com withdrawals take?
Normally, withdrawal of money from XM.com is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from XM.com to show in your bank account.
Are XM.com regulated?
XM.com are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Is XM.com a market leading broker?
XM.com is indisputably one of the business leaders. It has over 3,500,000+ registered customers and over 12 years of experience on its own record. They're among the world's top trading platforms and a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide selection of resources plus tools so that you may invest in capital markets.
Is XM.com a con?
No, XM.com is not a con. They are regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that XM.com is not a scam.
Can you make money with XM.com?
Using XM.com, several traders earn a lot of cash. However, typically, through continual trading, you can create between 2% - 10% profit a month.
This may seem like a small number, but within the entire year, this adds to a substantial amount of gains. Even though XM.com supply you all of the tools to earn money, they cannot guarantee that you will profit.
Does XM.com have fees?
Yes. To start trading using XM.com, you need to deposit $5. Certain commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was XM.com founded?
XM.com was founded in 2009 in Cyprus. XM.com is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
How many people use XM.com?
XM.com is a worldwide recognised agent with 3,500,000+ clients.
Where is the XM.com head office?
XM.com has its head office in Cyprus
Does XM.com offer negative balance protection?
Yes, XM.com has Negative Balance Protection. It is especially offered when the industry volatility keeps customers from letting their accounts go into the red. In such a scenario, XM.com offers the ability to reset a customers account balance to zero.
You are able to go through the critical stipulations on XM.com's website to understand their policies better.
Does XM.com offer guaranteed stop loss?XM.com regrettably, does not provide guaranteed stop loss. XM.com provides a chance for its traders to close their trade in their specified price. Aside from this, XM.com does not provide guaranteed stop loss.
Does XM.com allow scalping?Yes, XM.com do allow scalping. Several traders across the world select XM.com for their services that are trading. They offer trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps which allow this.
Does XM.com allow hedging?
Yes, XM.com does allow hedging.
Can you trade energies with XM.com?
Yes, you can trade energy stocks with XM.com
Can you trade agricultural shares with XM.com?
No, unfortunately you cannot trade agricultural stock with XM.com
Can you trade cryptocurrency with XM.com?
No, unfortunately you cannot trade cryptocurrency with XM.com
Can you trade metals with XM.com?
Yes, you can trade metals with XM.com
Can you trade UK Shares with XM.com?
No, unfortunately you cannot trade UK shares with XM.com
Can you trade US Shares with XM.com?
No, unfortunately you cannot trade US shares with XM.com
Can you trade Japanese Shares with XM.com?
Yes, you can trade Japanese shares with XM.com
Can you trade German Shares with XM.com?
No, unfortunately you cannot trade German shares with XM.com
Does XM.com accept bank transfers?
Yes, XM.com accepts bank transfers for depositing money.
Does XM.com accept credit cards?
Yes, XM.com accepts credit cards for depositing money.
Does XM.com accept PayPal?
No, XM.com does not accept PayPal.
Does XM.com accept Skrill?
No, XM.com does not accept Skrill.
Does XM.com accept Payoneer?
No, XM.com does not accept Payoneer.
Does XM.com accept Neteller?
Yes, XM.com accepts Neteller for depositing money.
Does XM.com offer Live Chat customer support?
Yes, XM.com offers customer support through live chat.
Does XM.com offer phone customer support?
Yes, XM.com offers customer support over the telephone.
Does XM.com offer email customer support?
Yes, XM.com offers customer support through email.
What languages can XM.com communicate in?
XM.com has the ability to communicate and support customers who speak: Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish
Does XM.com have a wikipedia page?
No, XM.com does not have an official wikipedia page.
Does XM.com offer demo accounts?
Yes, XM.com offers demo accounts so you can learn their systems before risking any real money.