XM Review – A Review of The ‘Big, Fair and Human Broker’

Why trade with XM:

• No requotes
• Negative balance protection
• Up to $5000 bonus
• Zero fees

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XM offer their clients Forex, Commodities, Indices, Precious Metals and Energies. Read our XM review below to find out more.

Regulation

Licensed by CySEC under license number 120/10 and Australian Financial Services Licence by ASIC (number 443670)

Funds Safety

XM collaborates with Barclay’s bank and use segregated accounts to ensure security.

Platforms

MT4, available on PC, mobile phones and web version.
Leverage – 1:1 to 1:888
Spreads – from 0 pips
Volume – 0.01 lots
Currency – USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR

Account Types

The following types of accounts are availale at XM

Micro Account
Standard Account
XM Zero Account
Islamic Account

Minimum Deposit

You can deposit a minimum of $5

Commission

On Zero accounts the commission is 10$ per 100 000$ (1 Lot) traded

Education

Exclusive Technical Indicators are offered for free to clients.

Documents

• A color copy of valid passport or other official identification document issued by authorities (e.g. driver’s license, identity card, etc).
• A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement) dated within the last 6 months and confirming your registered address.

Deposits and Withdrawals

Credit Cards, Skrill, Neteller, Bank Transfer are all accepted.

Withdrawal requests are processed within 24 hours. E-wallet withdrawals are done the same day and bank wire or credit cards take 2 to 5 business days.

No fees are applied on credit card or wallet deposits and withdrawals. In addition there are no fees on bank transfer deposits/withdrawals for amounts over 200USD or currency equivalents.

Support

To assist you with any queries you might have, XM are available over 24 hour live chat, as well as by phone below during their working hours of 05:00 – 19:00 GMT.

Support Numbers:
‎+357 25029933
‎+357 25345225

In addition, you can send them an email directly to [email protected]