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A wide range of trading tools, multiple online trading platforms, fast withdrawal process and highly flexible trading conditions are just some of the advantages. The unlimited demo account and very low deposit are also worth mentioning. XM Group has all the attributes for a credible and superior broker for any forex i CFDs trader.
XM.com is a Forex and CFD broker owned by Trading Point of Financial Instruments Company. Like most of today's top brokers, they are based in Cyprus. The local official regulator - CYSEC - is the provider of the official license for the trading platform and, together with the European Union, ensures transparency and money laundering prevention programs. XM was founded back in 2009 and has so far achieved considerable popularity with more than 700 thousand active clients trading on their platforms daily.
XM.com is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC); Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC); Trading Point of Financial Instruments UK Ltd was established in 2016 and is regulated by the Financial Conduct Authority (FCA). This broker definitely passes our security checks.
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XM.com has an expanded range of MetaTrader 4 and 5 platforms that can be accessed through just one account. For computers, it can be installed and run on both Windows and Mac operating systems while for mobile platforms they have apps for all smartphones and tablets running Apple or Android system. They also have WebTrader platforms that can be accessed through any web browser. XM.com has found a way to make the interface very inviting, thanks to the organized but simple layout. Regardless of whether you use a desktop, mobile or web platform, the registration and trading process is simple, reviewed and without a long wait.
The minimum deposit of only €5 is definitely the main advantage of this broker. This availability is a good way for those who want to start trading with lower capital, considering that you don't need to invest a lot of money. This certainly puts them at the top of most forex brokers. The minimum lot size is 0.01 and it is very similar to the lots of other brokers and this is considered an advantage because the amount of investment can be set at an acceptable level.
Xm.com has over 300 instruments that can be traded and this includes forex, cryptocurrencies and CFDs. This mix of possible assets opens up numerous investment opportunities. Their price spreads are much better than what most brokers can offer. It is always important to trade with a broker that provides true market prices as your decisions will be based on this. The good news is that several tests we did on their platform showed that there is no manipulation on their part and that the price is the same before and after trading.
All withdrawal requests are processed within 24 hours if the funds have been transferred to an XM card or any supported e-wallet. Credit and debit cards take about 2-5 business days to process. Based on the few tests we did, they are able to meet all the requirements and we got the money just as they promised. They accept the most commonly used payment methods including Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer... Their coverage is quite large which gives additional flexibility to add funds to the account.
You can access XM Group by phone, fax, email or live chat. This means that you have the option to contact them in any way, saving you a lot of time and effort. The agents are very direct in providing answers to any of our questions and you won't get the feeling that they are using marketing tricks like other brokers know. In any case, very good customer support.
XM Group is licensed and regulated by the Cyprus Securities and Exchange Commission, the Financial Conduct Authority and the Australian Securities and Investments Commission. This means that they follow the rules and regulations set by these regulatory bodies so that you can trade with peace of mind. They are very popular among forex traders and many comments praise them for their numerous online market platforms and very flexible trading conditions.
Aside from the fact that the XM Group is a group of regulated online brokers, there are many more compelling reasons why the XM Group is on the list of recommended forex brokers. A wide range of trading tools, multiple online trading platforms, quick withdrawal procedure and highly flexible trading conditions are just some of the advantages. An unlimited demo account and a very low deposit are also worth mentioning. XM Group has all the attributes to be a credible and top broker for any forex and CFD trader.
Deposit of only 5$
Numerous Platforms
Available products
Regulation
User support
Prices for some products
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