XM.com broker started its activity back in 2009 and so far has clients from over 196 countries with a support staff speaking in 30 languages.
The leading company branch is located in Cyprus. However, their offices are indeed covering global needs and serving through Australia, Belize and Greece.
About 1.5 Million Traders and investors at XM.com choose from a wide range of XM value products, more than 55 currency pairs and over 700+ trading instruments with advanced technology solutions.
The reason for such fast growth and trust to the broker is that XM aims to provide one of the best user experience in the industry to their clients.
XM.com’s negative balance protection policy is a precious feature in periods of extreme market volatility. In January 2015, the Swiss Franc appreciated close to 20% overnight versus the Euro, and a lot of traders weren’t able to close out their positions fast enough on their own.
Many brokers automatically liquidated these positions at a substantial loss and went on to pursue clients for additional funds. After public outrage and delay, some but not all brokers forgave the negative balances; however, these were one-off allowances. XM.com’s negative balance protection policy ensures that you will never lose more than your account balance and that you will not be at the whim of your broker’s mercy.
Some brokers will “requote” during turbulent market conditions. This means they may execute your trade at a slightly different level than the quote you see on your screen after you place the order.
It has a strict no requote policy whether you trade online or on the phone. XM.com also guarantees execution of stop and limit orders up to 50 lots (5 million units).
Another benefit to trading forex with XM.com is that you can customise your leverage based on your risk tolerance. You can go as high as 888:1 except for eight exotic pairs. Few brokers offer such high leverage with most in the 200:1 range.
XM.com offers CFDs on more forex pairs than most brokers with 57. However, its range of markets outside of forex is somewhat limited. Many other brokers now offer CFDs on individual equities, bonds and ETFs but XM.com does not at this time.
Another emerging trend in forex is social trading. Other brokers have either developed their social trading network or integrate third-party platforms. XM.com is a bit behind in this respect as well.
Market Analysis & Education
M.com invests heavily in research and investor education. They provide exclusive daily market analysis in the form of articles, news updates and technical analysis video updates from its experienced research team. Chief Technical Analyst, Avramis Despotis also provides customers with trading signals twice a day.
XM.com also has an extensive library of video tutorials on how to use Metatrader software.
You can also join free interactive webinars five days a week on a variety of subjects. Webinars are conducted in 13 languages, and XM employs 18 instructors to host them.
XM.com has hosted over 100 live seminars across the globe, run by Chief Technical Analyst, Avramis Despoti. Despoti starts with the foundations of technical analysis. He teaches you how to use volatility to identify the best trading opportunities. Then, how to perform technical analysis over multiple time frames to determine the ideal entry point for a trade.
Payment Options -Visa, Electron, Mastercard, Maestro, UnionPay, Diners Club, WebMoney, Skrill, Neteller, Sofort, iDeal, Paysafecard, Qiwi, Cash U, Giro Pay, Przelewy 24, Fasapay, Wire Transfer, Bank Transfer, Moneygram, Western Union
Is XM safe or a scam and lousy deal?
XM.com NOT a scam
The XM broker group is fully compliant with the necessary regulation policies following the requirements of each jurisdiction it operates.
XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Another entity Trading Point of Financial Instruments Pty Ltd was established in 2015 in Australia and is regulated by the Australian Securities and Investments Commission (ASIC).
Therefore, Trading Point of Financial Instruments Ltd (XM.com) is considered being a safe broker as clients are operated under the Markets in Financial Instruments Directive (MiFID) of the European Union.
The global XM global Limited operation is since 2017 and regulated by the International Financial Services Commission, allowing to offer its services across the globe.
Bottom line on XM. com
In conclusion, XM, as a well-regulated broker by many highly-respected regulators, delivers truly translucent trading conditions and is extremely customer friendly broker.
Be sure, with XM you will find that their always on-hand XM staff will meet your preferences and needs. All together do assist in pleasurable trading for both, brand-new and experienced dealers.
The fact that XM was obtaining very favourable reviews made to be sure of their delivering what they promise. Zero re-requotes and no hidden costs or commissions policy, as well as Negative balance protection, all together brings very comfortable aswell the stringent real-time market execution policy and brings XM extremely welcomed among brokers offering.
This broker offers one of the most generous recommendations in the industry makes XM an outstanding broker. for new traders
Nevertheless, let us know your personal view about XM. Com, do not hesitate to share your thoughts or request us for additional information in the comment area below.