XM is a global online broker in its truest form. It offers CFD and forex trading on renowned platforms, provides access to a varied selection of assets, and has almost 10+ years of experience in the industry.
- 16 different platforms to accommodate every type of trader
- Available in close to 200 countries around the world
- $5 minimum deposit level allow you to trade according to your budget
- Multiple prestigious awards under its belt
- There are only a bit more than 1,000 assets on offer which is very limited compared to most other top brokers
- Spread can be very high on selected assets, mainly stocks
Since launched in 2009, XM has experienced incredible success with a total of 5,000,000 customers from close to 200 countries.
After having tested XM and researched it closely, our team has concluded that XM is a fantastic broker for both beginners and experienced traders. And with 16 different trading platforms, you should have no problem finding software that suits your ambition.
As always, before signing up with XM, you need to understand what the broker offers and what you can expect from trading with it.
XM – Who Are They?
XM is a multi-award-winning online broker that is often praised for its inclusiveness and global precedence. In addition to being fully regulated in the EU and the UK, XM is thriving in the Middle East and East Asia, covering more than 196 countries.
The broker is operated by Trading Point of Financial Instruments Limited, which is a company based in Cyprus where several other major online brokers are based. To help accommodate as many traders as possible, XM currently provides customer service in 30 different languages. That way you can always get support in a language that you feel comfortable communicating in.
When trading with XM you have access to all the tools from Metaquotes, ie. MetaTrader 4 & MetaTrader 5 with many additional features, graphs, and other gadgets. You’re also presented with the opportunity to trade stocks, forex, indices, and commodities such as precious metals as CFDs.
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Our Opinion About XM
There was no doubt we decided to approve XM and place them in our top broker lists. With a fantastic reputation that spans more than a decade and 5,000,000 happy customers, we’re convinced that XM is trustworthy and efficient to trade with.
Also, by providing a broad selection of platforms and tools as well as support in 30 different languages, XM has managed to include every type of trader regardless of platform preference or background.
The one major downside with XM is the very limited selection of assets. With just 1,000+ on offer, XM clearly has one of the most limited offerings in the market. Now, this can be a benefit for beginners that get overwhelmed by too many selections.
All in all, XM is a reputable and honest broker that you can use almost anywhere in the world. Just be aware that XM charges high spreads on certain assets, although that is weighed up by the $5 minimum deposit level.
As someone who has been trading with XM for a long time, you can have my word for it that XM is a trustworthy broker. In my 3 years of experience, I have never faced any issues with them. The only thing that bothers me is that their commission charges are high.