XM Review – Why You Should Consider Signing Up With This Broker

XM Review
  • Broker Rating
4.4

Summary

Read our XM review and learn why we recommend this broker for online trading. XM is a great trading platform that offers features and services that suit traders from different backgrounds.

XM Review

XM logoWith more than 2,500,000 clients from 196 countries, the brokerage firm XM was founded in 2009 and has grown ever since. XM Group has offices in Cyprus, Australia, Belize and over 450 employees with a long history of experience in the finance industry. Traders of all levels and backgrounds benefit from this experience, strict regulation, and customer service in over 30 languages.

In addition to 25+ secure payment methods, 16 trading platforms, and 24/5 customer service. All clients receive the same trading conditions regardless of investment size or trading experience since they take great pride in being fair and reputable brokers. XM With 99.35% of trades being executed within one second, Group offers no requotes or rejections.

XM website

Trading Platforms

In addition to being well-known, intuitive, and simple to use, both platforms have been around for a long time. Retail traders are also big fans of these platforms. The choice available to traders at XM may not satisfy all traders, but the vast majority of those considering becoming XM clients will find that it is sufficient. XM TradeStation provides traders with both Mac and Windows MT4 and MT5 platforms, allowing them to use any of them with no restrictions. MT4 and MT5 Mobile apps are available for both Apple and Android OS that provide seamless access to your account via a phone or tablet with full account functionality.

XM WebTrader 4

MT4/MT5 WebTrader offers the same functionality as the desktop client but does not require downloading a trading terminal. MT4/MT5 WebTrader runs on all operating systems. Aside from the fact that The MT4/MT5 WebTrader does not support eAs and copy-trading, the main difference is that all trading operations are available. Traders must switch to the desktop version if they desire these features. A lightweight trading platform suitable for manual traders and traders who frequently trade from multiple locations/devices, MT4/MT5 WebTrader suits those traders. MT4/MT5 desktop trading platforms provide the best trading experience.

XM MT4 Multiterminal

Trading with multiple MT4 accounts from one terminal is made easier with XM’s MT4 Multiterminal platform, which lets you use a single Master Login and Password to handle multiple MT4 accounts simultaneously. It Manages and executes 128 trades per day, supports multiple order types, and offers three allocation methods.

XM Trading platforms

MT5

A range of extra features in MetaTrader 5 allows traders to trade in any way they desire.

Payment and Withdrawal Methods

XM Payment options accepted by Group include credit/debit cards, Neteller, Skrill, bank wire transfers, etc.

Currently, PayPal is unavailable for depositing or withdrawing funds.

Customer Support

XM provides exceptional levels of customer engagement and support. Clients of all account levels can use a live chat widget, email, and telephone number as standard. XM offers customer service in at least 20 different languages, which is one of the most interesting features of this support. It is also possible to send facsimiles to four different numbers depending on one’s physical location. Telephone support is available only during regular business hours. The next business day is dedicated to any requests made over the weekend.

Reliability & Security

XM is the platform, and the execution of this application demonstrates excellent reliability. For example, the company is credited with executing over 99% of trades in less than a second, with no difficulties retrieving quotes or rejected orders. In this sense, XM has become the name of choice for professionals whose small mistakes or latency could put them in a bind.

XM excels in securing client funds, which are held in separate accounts from the company’s operating funds. Additionally, XM’s compliance efforts with multiple financial authorities assure the user that the firm is dedicated to following the law exactly on their behalf.

Conclusion

XM broker is quite popular among traders of all skill levels. Its primary advantages are its high execution reliability, easy management, and no order rejections. However, the three types of accounts are very similar (apart from the risk and trading volume). Additionally, traders who wish to execute positions during the weekend might find it slightly annoying that customer support is only available from Monday through Friday. However, XM is a powerful online forex broker that should not be overlooked.