XM Forex Review

Explore the XM Forex Review on fxbasket.blogspot.com. Uncover insights into XM's offerings, performance, and user experience. From key features to potential drawbacks, this review provides a comprehensive overview to aid informed decision-making.

Regulation: ASIC, CySEC, IFSC

Establishment: 2009

Spread: 0.6 pips (EURUSD)

Bonus: Yes

Leverage: 1: 888

Country: Cyprus, Belize, Australia

Platform: MT4, MT5, Webtrader

Address: No.5 Cork Street, Belize City, Belize, C.A.

Min.Deposit: 5 $

 Click here to open an account and start forex trading immediately.

XM Forex- Review

XM Forex (Xm Group) was established in 2009 and is a large global forex company with more than 3,500,000 customers, currently offering transactions in 196 countries. It provides more than 30 language support to its investors with 5/24 customer support.

It is one of the leading forex brokers in the market with 8 awards in many categories such as "Best FX Broker", "Most Transparent Broker" and "Most Reliable Broker" in 2020.

 There are 3 different licenses owned by Xm Group. Trading Point of Financial Instruments Ltd. in Cyprus. Company is registered under CYSEC (Cyprus Securities and Exchange Commission) with license number 120/10. 

Trading Point of Financial Instruments Pty Ltd., the second license of which is in Australia. It is a license under ASIC (Australian Securities and Investments Commission) owned by the company with the number 443670. 

The third and last license is IFSC (International Financial Services Commission) owned by XM Global Limited in Belize with the number 000261/106.

XM Account Types

Xm offers 3 different account types to forex traders. These are; 'Micro account, Standard Account and XM Ultra Low Account'.

 

• Micro Account: By depositing min.5 USD in a micro account, an account can be opened and transactions can be opened in 1:888 leverage ratio. In a micro account, the contract size is 1 lot: 1000 units. In other words, orders can be placed with a much smaller transaction volume than other accounts.

 

• Standart Account: With the standard account, you can start the transaction by depositing min.5 USD and perform 888 fold transactions. In the standard account, the contract size is 1 lot: 100,000 units.

 

• Ultra Low Account: In the Xm Ultra Low account, an account can be opened with a minimum of 50 USD and 888 times of transactions can be made. Contract size is again 100,000 units.

 

Account Type	Min.Deposit	Max.Leverage  (5-20,000 usd)	Spread  (EURUSD)	Spread (GOLD)
MİCRO	$5,00	888	1	3.0 pips
STANDARD	$5,00	888	1	3.0 pips
ULTRA LOW	$50,00	888	0,6	2.0 pips

XM Spread Rates

 

While the average EURUSD spread rate in Micro and standard account is 1 pips, in Ultra Low account the EURUSD spread rate can go down to 0.6 pips.

 

Account Type	EURUSD	USDTRY	ALTIN
Micro	1.0 pips	60.0 pips	3.0 pips
Standard	1.0 pips	60.0 pips	3.0 pips
Ultra Low	0,6 pips	43.1 pips	2.0 pips

 

XM Leverage Ratio

 The minimum investment amount for trading on XM Forex is $ 5 and the leverage ratio is 1: 888. In this way, with the minimum amount deposited in the account, it is possible to make a high amount of transactions such as 888 times. In all platforms MT4, MT5 and WebTrader, service is provided with minimum spread and maximum leverage rates.

 

XM Trading Platforms

You can trade at any time in the market, which is open 24 hours a day, 5 days a week.

Xm Forex offers its users 3 platforms: MT4 (Meta Trader4), MT5 (Meta Trader 5) and WebTrader.

You can start using MT4 and MT5 platforms by installing them on your PC, MAC, iPhone / Android phone or tablet.

Thanks to Webtrader, you can perform online transactions on the website without the need to install any application.

 

XM Forex Campaign and Bonuses

 

1. Xm forex offers new customers a 30 $ trading bonus campaign. You do not need to deposit a separate deposit for this bonus given by opening a new account. The bonus amount cannot be withdrawn, but the profits you make by trading can be withdrawn.
2. It offers the opportunity to qualify for a 50% bonus for deposits up to $ 500 and a 20% bonus for deposits up to $ 4500. 
3. It offers zero commission for deposit and withdrawal transactions. Deposits and withdrawals with Neteller, Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay) are processed without commission. Again, if the amount withdrawn in international bank transfer (SWIFT, wire transfer) withdrawals is $ 200 or more, transactions can be made with zero commission. 
4. Bring Your Friend Bonus-XM forex offers a bonus service up to $ 25 per lot in this reference customer referrals.

 

XM Forex Deposits and Withdrawals

 You can deposit and withdraw funds to your XM forex real account using Neteller, Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay) without paying any commission. In addition, you can withdraw money from your account by international bank transfer (SWIFT, wire transfer) method and you do not pay any commission if the amount you withdraw is $ 200 or more.

 

XM Customer Support

 XM offers customer support in nearly 30 languages ​​to forex customers. However, customers who want to communicate can get support with the help of google translate by writing either from their e-mail address or via live chat.

 

Online Support	Phone	Adress
support@xm.com	501 223-6696	No.5 Cork Street, Belize City, Belize, C.A.

Is XM Reliable?

 The most important feature that determines reliability among Forex brokers is whether or not they are audited by audit firms. XM Forex has licenses in 3 different countries (CYSEC, ASIC and IFSC) and is audited by these institutions. 

Another security feature is the transparent and fast transaction platform, customer support in nearly 30 languages, providing the best support service by publishing daily analysis and reports. 

Likewise, fast deposit and withdrawal is an important criterion. If you want to withdraw money with Neteller, Moneybookers and all major credit cards, you can make a transaction within 2 days, or instantly if you request a bank transfer.

XM Forex Account Opening Transactions

 It is possible to open an account quickly on Xm Forex's website. When you click the Open an Account title, you are asked to fill in the registration information first. Once you have filled in your identity and contact information correctly, you are going to the approval stage by uploading an invoice (electricity, water, natural gas, telephone) belonging to your name that is identical to your identity document and address. The relevant registration transactions are checked and approved by the company within a few hours, and you can start trading immediately by depositing money.

 

Summary

 XM forex offers its investors a safe and effective forex service with bonuses and campaigns, free deposit and withdrawal, the opportunity to invest in more than 1000 instruments and a fast trading platform.

• Security- Audited by 3 reputable regulators such as ASIC, CySEC and IFSC.

• Platform- It has the most used trading platforms in the world. Webtrader that provides online access to MT4, MT5 and trading platform without installing applications.

• Deposits / Withdrawals- Neteller offers commission free deposits and withdrawals using Moneybookers and all major credit cards (VISA, VISA Electron, MasterCard, Maestro and China UnionPay).

• Bonus- It offers its investors a large amount of bonuses and campaigns without any conditions.

PLUS CONS

PLUS	CONS
Attractive Bonuses and Campaigns Low Spread Rates Fast and Free Deposits and Withdrawals Supervision by 3 different Regulators Fast and Transparent Platform	Inactivity Fee (monthly 5 $ commission fee if no action is taken for 3 months

 Click here to open an account and start forex trading immediately.