XM Review

Min. Deposit: $5
Max. Leverage: 1:30 | 1:888
Trading Platforms: MT4, MT5, XM WebTrader

XM offers access to over 80 digital currency pairs and over 45 fiat currencies in CFD’s. The company’s goal is to build a trusted brand while providing entry into the cryptocurrency market for retail traders. XM Forex is well known for its convenient app – which provides excellent mobile trading, advanced charts, and 24H news feed. To add an extra level of protection for new traders, the XM team includes certified financial advisors in all markets.

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With XM Forex, you can trade CFDs and forex from anywhere in the world at competitive brokerage rates. Trade worldwide using your desktop, laptop or smartphone, using their intuitive trading platform. All of your orders are executed in the same ICQ environment used by top Wall Street firms and banks. They are committed to maintaining a transparent and secure trading experience for your peace of mind.

XM Forex is one of the rapidly growing trading platforms in the CFD industry. XM is offering attractive and innovative products with competitive spreads. The company decided to offer CFDs on the main financial indexes, currency pairs, EUR/USD and USD/JPY, and share indices for a variety of asset classes (gold, oil and many others).

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Fees and Commissions

XM has a $5 minimum deposit and low fees with excellent account opening procedures. It offers almost its entire product portfolio online seamlessly, and clients can use demo accounts to test the market before investing real money.

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When it comes to withdrawals, XM does not charge any fees and has a simple payment method.XM Forex offers competitive trading fees and commissions. Their non-trading commissions are meagre, with no account fee and no withdrawal fee in most cases. Below the minimum transaction of $200, XM charges a bank transfer fee of $15.Inactive accounts may attract a one-off annual fee of $15 and a further monthly maintenance fee of $5.

Tools and platforms

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The XM Dashboard is an intuitive platform that provides excellent customer service. It has an extensive range of charts, candlestick patterns, and indicators to help you analyze markets. The trading platform allows for MT4 functionality, making it easy for you to do real-time price action analysis and trade live with other users on the platform. XM Forex offers many tools and platforms designed to enhance your trading experience. On top of their platform, you will get access to eSignal, which gives you the real-time option to trade when away from your computer. You will also have access to excellent educational videos that cover Forex Trading basics. If live trading is what you like, XM offers this as well. This feature allows you to talk directly with traders during open hours in their chat room.