Broker Details XM

xm broker

When I asked for it in excel format (as all of my other brokers have provided) they refused, meaning that I need to parse through years of information for something so basic as a history of deposits and withdrawals. Most times I ever dealt with their customer service i was met with minimal effort from their side and the problems were usually more drawn out than they needed to be, and often unresolved. Our clients can choose to trade forex and CFDs on cryptocurrencies, stock indices, commodities, stocks, metals and energies, from the same trading account. With a wide range of trading instruments available from a single multi-asset platform, XM makes trading easier and more efficient. Lastly, Zero Accounts will offer you another fee strategy where the spread is an interbank quote starting from 0 pips and the trading charge will be deducted through a commission per lot, see our snapshot below.

Overall XM can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ trading instruments. In summary, XM is a forex broker regulated by several entities, which provides clients with greater protection and transparency in their operations. XM
offers many account types, which differ in pricing, base currencies and contract size.

List of currency pairs available to trade with XM

It is important for traders to be aware of this dynamic when trading with XM or any other MM broker. Moreover, while the majority of brokers still charge for wire withdrawals, XM deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy. XM Minimum Deposit amount is 5$ only for Micro Account or a Standard Account, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start. However, the amount varies according to the chosen payment method and trading account validation status.

  • The account opening is fast, fully digital, and requires a low minimum deposit amount.
  • There are a few exceptions including the USA, Canada, China, Japan, New Zealand, and Israel.
  • In summary, XM is a forex broker regulated by several entities, which provides clients with greater protection and transparency in their operations.
  • This mechanism makes the broker execute for almost $50 m at a time and 200 open positions at the same time.
  • With 39 videos spread throughout 7 chapters and high-quality coverage for both beginner and advanced videos, the series is undoubtedly helpful.
  • Cryptocurrencies, however, are not included in their product portfolio.

Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within XM review. XM allows clients from most countries, including Malaysia, Netherlands, Singapore, South Africa, United Arab Emirates, United Kingdom, Germany, Hong Kong, India, Ireland, and Australia. However, clients from the United States, Canada, China, and Japan, are not accepted by XM. Support is available 24/5 via live chat, email, and phone, during the same time period as when the markets are open. It comprises several entities that use the brand and are regulated in various jurisdictions.

Is Your Money Safe on XM?

XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC) (Also like FP Markets). Read more, why trade with Australian Brokers by the link  so the regulatory obligations are covered at a sustainable level as we see through our XM Review. The money will be available on your account in 3 business days if you use a standard EU bank, although some methods or institutions may take longer or even process instantly. XM clients can enjoy instant execution through XM’s Zero account, which does not have any rejections or requotes.

xm broker

Overall, XM is a good choice for those looking for a regulated broker with a wide range of products and customer support services. The XM demo account is an excellent tool for novice traders or those who https://traderoom.info/an-overview-vantage-fx/ wish to test new trading strategies without risking their capital. The demo account comes with a virtual trading platform that replicates live trading conditions and can be accessed from any device.

Trading Conditions

XM is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (FSC). XM offers 25+ secure payment methods, Negative Balance Protection and is trusted by over 5,000,000 clients in over 190 countries from across the globe. XM Group is a MetaTrader-only broker that is known to offer an outstanding selection of high-quality educational content and market research. XM is available globally and has some of the lowest fees in the industry. ASIC’s role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC’s authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

xm broker

Clients with live accounts can access XM’s Trade Ideas and Technical Summaries hub, with signals that stream from both Analyzzer and Autochartist. XM provides social copy trading from compatible expert advisors built by Analyzzer as well as the MetaTrader signals market that supports automated trade copying. This mechanism makes the broker execute for almost $50 m at a time and 200 open positions at the same time. Plus, XM offers a Shares account (not available at all the XM entities), which takes a deposit of $10,000 and is designed for clients who wish to trade shares without any leverage. XM offers low trading costs, a well-balanced asset selection, high leverage, excellent order execution statistics, upgraded MT4/MT5 trading platforms, quality research, and education. XM is ahead overall due to lower swap rates on leveraged overnight positions and its loyalty program, which decreases costs for high-volume traders.

How To Withdraw Funds From XM

Traders can choose forex or multi-asset options when opening their accounts. A multi-asset account allows trading forex as well as CFDs on the MT5 trading platform. First things first, many locals ask about XM’s availability to clients residing in the country, and the answer is yes, XM opens trading accounts to clients who live in Nepal. Both brokers offer traders generous bonuses, research, and education, but XM adds higher-quality trading tools. XM
provides real stocks for clients onboarded under its IFSC-regulated entity, which is a major upside compared to its competitors. The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity.

Sirius XM Holdings Inc. stock outperforms competitors on strong trading day — MarketWatch

Sirius XM Holdings Inc. stock outperforms competitors on strong trading day.

Posted: Thu, 15 Jun 2023 21:35:00 GMT [source]

So we can access to our partner account in mobile app and take any type of action like affiliate program website. The XM
 account opening is fully digital, fast, and straightforward. There are a few exceptions including the USA, Canada, China, Japan, New Zealand, and Israel. Trading Point of Financial Instruments Pty Ltd. is solely for Australian clients.

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