The brand XM Global Limited is a registered online brokerage company established in 2009. They have climbed to the top echelon in Forex services by their commitments to reputable business standards, transparency, state of the art trading tools and excellent customer support.
XM Global Limited is regulated and authorized by the United Kingdom Financial Conduct Authority with license number 705428. The branch of XM Global Limited in Australia is licensed by the Securities and Investment Commission of Australia with number 443670. Whereas XM Global is controlled by the IFSC (60/354/TS/17), the XM Global in Cyprus is regulated by the Securities and Exchange Commission of Cyrus with reference No. 120/10.
The website (www.xm.com) is operated by XM Global with a valid address at No. 5 Cork Street, Belize City, Belize, C.A.
XM Global Limited does not provide services for residents in the USA, Canada, and Israel.
Features of XM Global Ltd
At XM, the welfare of customers is paramount irrespective of name, net capital worth, account type, and size of the investment. The clients receive equal services, execution, and support.
XM Demo Account
Demo Account is provided for new investors who intend to familiarize themselves with the principles of Forex Trading as displayed in XM Platform. All account transactions are in virtual funds with a capital investment of $100,000 and above.
XM Micro Trading Account
Micro Trading Account is the first level of XM accounts. It is restricted to those with minute experience in Forex Trading and those with low-risk investment approach. This account is available for five dollars.
XM Standard Trading Account
The standard account is the next account in the ladder. This account is dedicated to the experienced brokers who are willing to take the risks of investment. The holder of this account can enjoy the large contract sizes available.
XM Executive Account
This account is available for a minimum deposit of $100,000. Account holders will enjoy greater profits and high risks. Executive Account is mostly suitable for brokers with high-end trading volumes.
XM Islamic Account
XM allows for Islamic accounts for those who intend to trade in accordance with Islamic Principles on trade and banking relations.
XM utilizes the MT4 and MT5 platforms which can be downloaded and installed in computers, smartphones, and tablets devices. In addition to this is the Webtrader platform for clients who want to access the XM website for real-time trading and information. The Webtrader platform is perfect for those with limited memory space in their devices.
XM has a standard MT4 and MT5 broker app for Android and iOS versions and can be downloaded from Google Play and Apple Stores. These platforms are designed for client’s convenience. Starting from the opening of account, withdrawal, deposits, and trading.
Spreads and Leverage
XM offers up to1:500 leverage, 100 financial instruments, and over 60 currency pairs. The same leverage and spread can be experienced in all the account types and web/phone platforms. It will interest you that there is no maximum cap for monetary deposits.
Deposits and Withdrawals
XM is ranked among the most popular online brokers in the global market. This is because of their transparency and fairness in dealing with clients be it in pricing, commission, and promotions.
Aside from the fact that customer funds are kept independent of the company account, users can deposit funds automatically from any of the recognized platforms. Deposits can be made easily via;
- Visa card
- Master card
- China UnionPay
- Bank wire
- Western Union
Currently, users can fund their accounts from their local banks and in their local currency in 58 countries of the world. However, XM does not use PayPal either for deposit or withdrawal of funds.
Commission and fees
XM does not charge commissions, although the company gains by the various spreads of the trades. Renowned for its transparency, they have no hidden charges. Therefore, the outcome of each trading to clients in either loss or gain is real.
XM trades on various instruments such as;
However, the company does not support EFT trading.
XM Bonus System
XM features customer friendly bonuses and promotions on its website. The most recent are;
- Welcome bonus of $30 for each new client even without a deposit.
- After your first investment, XM rewards you with 100% deposit bonus.
- 24-hour free VPS service
- Zero fees for deposits and withdrawals
- Regular contests where you can win prizes
Reliability and Efficiency
For those who want to enjoy stress-free trade, XM is the best place to start. Their reputation in terms of reliability and efficiency is second to none. During real-time trades, figures stand as they are; and there is zero re-quote upon execution of a position. In addition to this, there is no time lag between the displayed prices and the actual market value in various platforms used. It is rather necessary to use a system with optimum processing power to get the intended results.
XM offers round the clock customer support on its website. Clients can ask questions anytime they are in need; and will receive an immediate response. XM support is available by phone, email and live chat. The support services can be accessed in 14 languages including English, Arabic, Dutch, Chinese, French, German, Greek, Hindi and more.
XM has quality educational materials for its users. These materials include MT4 videos, webinars and other interactive media. The website also features up to date market news, market analysis, and economic calendar, with an aim to get the clients properly informed.
The contents available in XM research are developed by the Company’s analysists and experts, which includes video on a daily market situation, market-driven articles etc.
To enhance the investment opportunities of the clients, the firm features six calculators. In addition to this, the company provides its account holders with trading signals.
XM was awarded in 2017 as the ‘Best Forex Executioner’ by Shares Magazine. They also won the City of London Wealth Management Awards for ‘Best FX Service Provider for 2017’. Other awards include ‘Industry Selection of World Finance 100’ and ‘Silver Accreditation for Leading and Developing People’ by World Finance 100 and Investors in People International respectively.
- Has been regulated in UK, EU, and Australia.
- No charges on deposits and withdrawals
- Highly reliable and convenient
- Offers regular seminars in many countries and languages.
- Additional MT5 platform
- Attractive offer with the XM zero Account
- Unavailability of single-stock CFDs exclusive of MT5
- Higher spreads on both micro and standard accounts.
XM is renowned globally as a standard broker with a cutting-edge approach to satisfying the yearnings of the investors in the Forex industry. The Demo account ensures that customers become acquainted with the risk management and trading requirements before investing their money.
XM is highly regulated by major financial authorities of the world. Therefore, customers have the benefit of a safe and secure trading environment.
The combination of Webtrader, MT4 and MT5 platforms ensures that clients can choose to trade with any device at their disposal.
At XM Global, new and advanced brokers can enjoy high yielding services and trading conditions irrespective of the account type. With over 60 currency pairs, clients can spread as low as 1 pip. Available for clients are accounts with a standard trading condition. These are the micro, standard and executive accounts.[/vc_column_text]
*Trading carries high risks