XM Review

Introduction to XM Trading Platform

XM, established in 2009 and based in Limassol, Cyprus, has become one of the top online brokers in the financial trading industry. The platform's extensive reach and marketing have made it accessible to traders in over 190 countries. XM's commitment to delivering high-quality service is evident through its:

• Over 3.5 million active clients worldwide.
• More than 2.4 billion trades executed without any re-quotes or rejections.
• An average daily trading volume of $15 billion.
• Partnerships in 120+ cities globally, reflecting its robust international presence.
• Official website traffic of around 5 million visits per month, a testament to its popularity.

With its strong focus on transparency, reliability, and technological innovation, XM has established itself as a leader in the global trading community.

Regulation and Licenses

XM is a highly regulated platform, holding licenses from various respected authorities:

1. Cyprus Securities and Exchange Commission (CySEC): License No. 120/10.
2. Australian Securities and Investments Commission (ASIC): License No. 443670.
3. International Financial Services Commission (IFSC): License No. IFSC/60/354/TS/18.

These licenses ensure that XM adheres to stringent regulatory standards, providing clients with a secure and transparent trading environment.

Trading Platforms Offered by XM

XM provides a range of trading platforms tailored to different types of traders. The platforms are compatible across multiple devices:

• MetaTrader 4 (MT4): Available for desktop, mobile, and tablet with 30 technical indicators, 9 timeframes, and advanced charting capabilities.
• MetaTrader 5 (MT5): The enhanced version of MT4, featuring 38 indicators and 21 timeframes. It also supports a wider range of asset classes.
• MetaTrader WebTrader: A browser-based platform that requires no downloads and provides full trading functionality.

Products Offered by XM

XM offers a diverse range of financial instruments, allowing traders to diversify their portfolios across various markets:

1. Forex: Over 57 currency pairs with leverage up to 1:888, no commissions.
2. CFD Stocks: Access to more than 300 global stocks.
3. Commodities: Trade 8 major commodities such as coffee, sugar, and corn.
4. Indices: Trade in 30 global indices including the S&P 500 and Dow Jones.
5. Metals: Gold and silver, with leverage up to 1:888 and spreads starting from 0.3 pips.
6. Energies: Products such as natural gas and crude oil.
7. Shares: Access to over 100 different stocks with competitive fees.
8. Cryptocurrencies: Includes Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash, available on MT5.

Fees, Leverage, and Spread

XM is well-regarded for its competitive trading fees, especially for professional traders.

• Commission-Free Trading: XM does not charge commissions on most trades, making it a cost-effective broker.
• Leverage: Up to 1:888, allowing traders to maximize their exposure with relatively small capital.
• Spreads: The average spread on the EUR/USD pair is 1.3 pips, which is competitive in the market.

Types of Trading Accounts

XM offers four main types of trading accounts designed to meet different trader preferences:

1. Micro Account: Ideal for beginners, offering micro lots (1,000 units), which allow for lower risk exposure.
2. Standard Account: For traders who prefer standard lots (100,000 units).
3. Ultra Low Account: Offers tight spreads starting from 0.6 pips, no commission, and a minimum deposit of $50.
4. Shares Account: Focused on stock trading with no leverage, $10,000 minimum deposit, and no margin.

Deposit and Withdrawal Options

XM provides a range of deposit and withdrawal methods, including local options for Vietnamese traders:

• Deposit Methods: Online Banking, Ngân Lượng, Debit/Visa Cards, Bitcoin, Neteller, Skrill, Webmoney.
• Withdrawal Methods: Local Bank, Ngân Lượng, Neteller, Skrill, Webmoney.

Customer Support

XM offers 24/5 customer support in more than 30 languages, including Vietnamese. The support team is available via live chat, email, and phone. XM also offers extensive educational resources, including webinars and online classes hosted by expert traders.

Conclusion

XM is a reliable, well-regulated broker that offers a wide range of trading products and platforms. Its user-friendly interface, low fees, and educational resources make it ideal for both beginner and advanced traders.