Xm.com review: Xm.com is a well-known forex broker that provides online trading services in the foreign exchange market. The company was founded in 2009 and is based in Cyprus. Xm.com is regulated by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom.
One of the primary services offered by Xm.com is online forex trading. Forex trading involves buying and selling currencies with the aim of making a profit from the fluctuating exchange rates. The Trading Platform offers a range of forex trading accounts, including demo accounts for beginners and standard accounts for more experienced traders. The company also provides access to a wide range of trading instruments, including forex, commodities, stocks, and cryptocurrencies.
In addition to forex trading services, the company also offers other trading-related services such as education and analysis. The company provides educational resources to help traders improve their skills and knowledge about the markets. These resources include articles, videos, webinars and tutorials. Xm.com also provides a number of analysis tools and indicators to help traders make informed trading decisions.
Trading Terminals:
| 💵 Currency: | USD, EUR |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, Commodities, Precious Metals, Energies, and Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 🗺️ Headquarters | Cyprus |
Overall Xm.com Review
Xm.com is a well-established forex broker that offers a variety of trading services and resources to traders around the world. The company's dedication to providing quality services has earned it numerous awards and accolades in the forex industry.
Xm.com is a reliable and trustworthy forex broker that offers a range of services and resources to traders of all levels. Whether you are a beginner or an experienced trader, The Exchange has something to offer, making it a great choice for anyone looking to trade in the forex market.
Go to Xm.com website
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Top Reviews
Best customer reviews of Xm.com
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The first thing that caught my attention was their low minimum deposit, which allowed me to start trading with just $10. This was a big advantage for me, as I didn't want to risk a lot of money when I first started. I also appreciate the high leverage offered by Xm.com Exchange, which reaches 1000:1. This allowed me to make significant profits even with little capital. I was also impressed by the wide range of trading instruments available, including Forex, stocks, indices, ETFs, soft commodities, energy, metals and cryptocurrencies.
Сolombia
The research and analysis tools offered by the broker are limited compared to some other brokers in the industry. I would like to see more analysis tools and resources to help me make more informed trading decisions. Another drawback is that the range of account types offered by Xm.com Exchange is limited. Although they offer several account types, there may be more options to meet different trading needs.
Kenya
One of the things that really stands out to me is their competitive pricing. The Investment Exchange offers some of the lowest spreads in the industry, starting at 0 pips, which has saved me a significant amount of money on trading commissions, which has had a positive impact on my profits. Another thing I appreciate about Xm.com Exchange is their commitment to innovation. They are constantly updating their trading platform and introducing new features and tools that make trading easier and more efficient. One such feature is their VPS service, which allowed me to run automated trading strategies without any interruptions.
Thailand
Expert Review
Expert Review of Xm.com
The company is regulated by several reputable financial bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC), ensuring that Xm.com Exchange adheres to strict regulatory requirements and provides a safe and secure trading environment for its clients. In terms of reliability, the financial stability and transparency of Xm.com Exchange should be noted. The company provides regular financial reports and is externally audited for regulatory compliance. In addition, the Investment Exchange has a negative balance protection policy, which means that clients cannot lose more than their account balance, even in very volatile market conditions.
Financial expert and analyst at TradersHero.com
Trading on Xm.com Exchange carries a high level of risk and may not be suitable for all investors. The high leverage offered by the broker can amplify both profits and losses, and traders should carefully consider their investment objectives and level of experience before trading. It is important to note that trading in the forex market is subject to market volatility, which can result in significant losses.
Copy Trading
Investment Programs
The Investment Platform offers a copy trading service called XM Invest, which allows traders to follow and copy the trades of experienced traders in real-time. This service is beneficial for traders who do not have the time or experience to trade on their own, but still want to participate in the forex market.
XM Invest is a unique copy trading service offered by Xm Exchange, allowing traders to replicate the trades of experienced Signal Providers, diversify their portfolio, reduce risk, and manage investments in real-time.
With XM Invest, traders can choose from a variety of signal providers who have a proven track record of success in trading. They can view the performance of each signal provider and choose the one that best suits their trading objectives. Once a signal provider is selected, the trader's account will automatically replicate the signal provider's trades, with the option to adjust the lot size and risk level.
One of the advantages of XM Invest is that it allows traders to diversify their portfolio by copying the trades of multiple signal providers. This can help to reduce the overall risk of trading, as losses from one signal provider can be offset by gains from another.
Like other copy trading services, the Exchange Invest is only available on real accounts, and a minimum deposit is required to start copying trades from Signal Providers. The required deposit amount may vary depending on the Signal Provider's profile. Once a trader connects to a Signal Provider's account, they can adjust the amount they want to invest in each trade, and can disconnect from the Signal Provider's account at any time.
Remember, while social trading can offer opportunities for profit, it also involves risks. Past performance does not guarantee future results, and losses are possible. Stay informed, exercise discretion, and make informed decisions based on your own risk appetite and trading objectives.
One of the key differences of XM Invest compared to other copy trading services is its focus on offering a wide range of Signal Providers to choose from. This allows traders to diversify their portfolio and select Signal Providers who have a proven track record of success in their preferred trading instruments or markets. Additionally, XM Invest offers a range of tools and features to help traders monitor and manage their investments in real-time, ensuring that they can make informed trading decisions.
Risk Warning
Best Copy Trading Platforms
Conditions
Trading Conditions for Xm.com Traders
Trading Terminals:
Xm.com Exchange provides a range of trading conditions for traders. Firstly, traders have access to a wide range of markets including Forex, Stocks, Indices, Commodities, Precious Metals, Energies, and Cryptocurrencies. This allows traders to diversify their portfolio and take advantage of different trading opportunities across different markets.
Secondly, The Forex Broker offers a variety of account types to suit different trading needs. The Micro account is designed for traders who want to start trading with a smaller deposit, while the Standard account is suitable for more experienced traders. The XM Zero account is for traders who want tight spreads, low commissions, and no requotes. Each account type has different minimum deposit requirements, leverage, and spreads.
Thirdly, The Exchange provides a range of trading platforms to choose from, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as the XM WebTrader and mobile trading platforms. These platforms offer a range of tools and features to help traders make informed trading decisions, including advanced charting tools, technical analysis indicators, and customizable trading robots.
Fourthly, The Investment Platform offers competitive trading conditions, including low spreads from 0 pips, flexible leverage up to 1:888, and no hidden fees or commissions. Traders can also take advantage of negative balance protection, which ensures that they cannot lose more than their account balance.
Lastly, Xm.com Exchange provides a range of educational resources and market analysis tools to help traders improve their trading skills and stay up-to-date with the latest market developments. This includes free webinars, educational videos, daily market analysis, and trading signals.
| 💵 Currency | USD, EUR |
| 💰 Min deposit | From $10 |
| ⚖️ Leverage | 1:1000 |
| 💱 Spread | Floating from 0 pips |
| 💹 Markets | Forex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies |
| 📱 Mobile apps | iOS, Android |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard, Bank transfers, Electronic payments (Skrill, Neteller, AdvCash) |
| 🏦 Broker Type: | ECN, Market Maker, Dealing |
| 📞 Customer Service | Forums, Call Back, Phone, Chat, Email |
| 👩💼 Support | Multilingual |
| 👨💼 Personal Account Manager | ✅ |
| 🔁 Copy Trading | ✅ |
| 🔓 Demo account | ✅ |
| 🗺️ Headquarters | Cyprus |
Risk Warning
Comparison
Comparison of Xm.com with other FOREX Brokers
Broker comparison table of trading instruments
Commissions
Xm.com Accounts, Commissions & Fees
Xm.com offers traders a range of accounts, commissions, and fees to suit different trading needs. The broker provides three types of accounts, namely Micro, Standard, and XM Zero accounts. The Micro account is designed for traders who want to start trading with a smaller deposit, while the Standard account is suitable for more experienced traders. The XM Zero account is for traders who want tight spreads, low commissions, and no requotes.
The Trading Platform offers floating spreads starting from 0 pips for major currency pairs, and the actual spreads may vary depending on market conditions and the account type. The commission charged by Xm.com depends on the account type and the trading instrument. The XM Zero account charges a commission of $3.5 per $100,000 traded, while the Micro and Standard accounts do not charge a commission.
Furthermore, Xm.com charges overnight financing fees for positions held open overnight. The fees may vary depending on the trading instrument and the account type. Additionally, an inactivity fee of $5 per month is charged for accounts that have been inactive for 90 days or more.
Xm.com does not charge any deposit or withdrawal fees. However, third-party payment providers may charge fees for their services. Overall, The Forex Broker offers competitive spreads and commissions, with the option for traders to choose the account type that best suits their needs.
| Account type | XM Ultra Low Micro Account | XM Ultra Low Standard Account | XM Zero Account |
|---|---|---|---|
| Base Currency Options | EUR, USD, GBP | EUR, USD, GBP | USD, EUR, JPY |
| Contract Size | 1 Lot = 1,000 | 1 Lot = 100,000 | 1 Lot = 100,000 |
| Spread on all majors | As Low as 0.6 Pips | As Low as 0.6 Pips | As Low as 0 Pips |
| Commission | ❌ | ❌ | ✅ |
| Maximum open/pending orders per client | 300 Positions | 300 Positions | 200 Positions |
| Minimum trade volume | 0.1 Lots | 0.1 Lots | 0.1 Lots |
| Lot restriction per ticket | 100 Lots | 50 Lots | 50 Lots |
| Islamic Account | Optional | Optional | Optional |
| Minimum Deposit | 5$ | 5$ | 5$ |
Overall, Xm.com offers competitive spreads and commissions, with the option for traders to choose the account type that best suits their needs. While there are fees charged for overnight financing and inactivity, there are no deposit or withdrawal fees, making it easier for traders to manage their funds.
Risk Warning
Final review
Detailed review of Xm.com
Xm.com is a leading online trading platform that offers a wide range of financial products and services to clients worldwide. The platform supports multiple trading platforms including MT4, MT5, cTrader, and XM WebTrader, giving clients the flexibility to choose the platform that best suits their trading style and preferences.
Xm is an ideal forex broker for beginners looking to start trading in the financial markets.
The platform offers several account types including Micro, Standard, XM Zero, and Shares account. Each account type comes with its own set of features, such as different minimum deposit requirements, spreads, and commissions.
Xm.com offers a wide variety of financial products including Forex, Stocks, Indices, Commodities, Energies, Metals, and Cryptocurrencies. The platform provides competitive trading conditions, including tight spreads starting from 0 pips, leverage of up to 1:2000, and fast order execution.
The exchange also offers a copy trading service, allowing clients to automatically copy the trades of experienced traders. In addition, the platform provides a range of educational resources, including webinars, seminars, and tutorials, to help traders of all levels improve their skills and knowledge.
Overall, Xm.com is a reputable trading platform with a range of features and services that cater to the needs of traders of all levels. Whether you're a beginner or an experienced trader, The Investment Platform provides the tools and resources you need to succeed in the financial markets.
Advantages:
Xm.com Regulator
Cyprus Securities and Exchange Commission (CySEC)
Cyprus Securities and Exchange Commission (CySEC) – The CySEC is the financial regulatory agency of Cyprus, a member of the European Union, and operates under the European Union's MiFID regulations. CySEC is responsible for ensuring that investment firms operating within Cyprus comply with local and European Union laws and regulations. CySEC has strict requirements for financial companies to obtain and maintain their licenses, including capital requirements, segregation of client funds, and stringent reporting standards.
Regulator website: Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission (ASIC)
Australian Securities and Investments Commission (ASIC) – The ASIC is the financial regulatory agency of Australia and is responsible for regulating companies and financial markets in the country. ASIC works to ensure that financial markets are fair and transparent, and that companies operate in compliance with local laws and regulations. ASIC has the power to investigate, prosecute, and penalize companies that do not comply with regulations.
Financial Conduct Authority (FCA)
Financial Conduct Authority (FCA) – The FCA is the financial regulatory agency of the United Kingdom and regulates financial firms providing services to consumers and maintaining the integrity of the UK's financial markets. The FCA sets rules and regulations for companies to follow, monitors their compliance, and takes action against firms that do not comply. The FCA also works to promote competition, protect consumers, and improve the integrity of the financial system.
International Financial Services Commission (IFSC)
International Financial Services Commission (IFSC) – The IFSC is the regulatory body of Belize, responsible for regulating and supervising financial services provided by international trading and investment companies. The IFSC is committed to ensuring that financial services in Belize operate in a transparent and fair manner and comply with international best practices. The IFSC requires companies to maintain high standards of corporate governance, including maintaining sufficient capital and complying with anti-money laundering laws.
Website of the regulatory organization: International Financial Services Commission
Risk Warning
Promotions
Bonuses Paid by the xm.com
Xm.com offers various bonuses to its clients, including:
Deposit Bonus
Xm.com offers a deposit bonus to clients when they make a deposit into their trading account. The bonus amount varies depending on the deposit amount and can be used to increase trading capital.
Loyalty Program
Xm.com has a loyalty program that rewards clients with XM Points, which can be redeemed for credit bonuses and other benefits.
Refer-a-Friend Bonus
Clients can earn a bonus by referring a friend to Xm.com. The bonus amount varies depending on the friend's deposit amount.
It is important to note that Xm.com bonuses are subject to terms and conditions, including minimum deposit requirements and trading volume requirements. Clients should carefully review the terms and conditions before accepting a bonus offer to ensure they understand the requirements and limitations.
Additionally, it is important to consider that bonus offers may not always be the best option for all traders, as they may come with additional terms and conditions or trading restrictions. It is recommended that traders thoroughly research and evaluate the terms and conditions of bonus offers before accepting them.
Education
Review of the Xm.com Education Program
Xm.com offers a comprehensive education program that is designed to help traders of all levels improve their skills and knowledge in the financial markets. The program includes a range of educational resources, including:
Overall, Xm.com education program is a valuable resource for traders of all levels. The program is designed to be accessible and easy to understand, and the range of resources available means that traders can find the information and tools they need to improve their trading skills and knowledge. Whether you are a beginner or an experienced trader, Xm.com education program is a great way to stay informed and up-to-date with the latest developments in the financial markets.
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Rating and Comments
Xm.com Users Reviews 2024
Authors:
Roman Mukhin
Financial expert, analyst and author
Jane Emberg
Financial analyst and editor
Excellent trading conditions and great customer support
I’ve been trading with XM for over a year now and I couldn’t be happier with the trading conditions. The spreads are low and the execution speed is fast, which is essential for my strategy. On top of that, their customer support is excellent – I’ve never had to wait long for a response and they are always helpful.
The trading platform on XM is average, nothing special but it gets the job done. However, what sets them apart is their educational resources. They have a variety of webinars and educational videos that have helped me improve my trading skills.
XM has been great for me as a beginner trader. The platform is easy to use and I haven’t had any issues with execution. The best part is the fast withdrawal process – I’ve always received my funds within a day or two. Overall, I’m very satisfied with XM.
I had an account with XM for a few months and was trading regularly. Suddenly, my account was closed without any explanation. I tried to contact their customer support multiple times but never got a clear answer as to why my account was closed. Very disappointing.