XM Forex Broker Review
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A decent and detailed review of a Forex broker will give you the necessary information about it in brief. Such an action and filtering of all the available foreign currency exchange platforms is superb way for both – high punters and beginners – to find the best broker for their trading experience. And since we are here to give you the best and most optimal assistance into Forex market, we are full of detailed reviews about the most popular and renewable brokers. Check out now our XM review and find out if it is suitable for your preferences and needs in trading.
XM Overview and Specifics
The XM Forex broker was established in 2009 year as a part of the giant company Trading Point of Financial Instruments Ltd. This group is currently formed of interbank dealers. The XM, as well as the holding of the broker, is based in Cyprus, which as you know is a country member of Eurozone. This makes it easy for you to guess that XM platform has a good and strong regulation. All countries that are in Eurozone or in EU are provided with special regulation measures for both – gambling and trading websites. So when it comes to the safety for the customer`s personal data and money, XM is the right and one of the most recommended websites. But this is not the only great and interesting thing about the XM platform. The website has also a superb customer support. The services are provided 24/5 and on 17 multiple languages, which makes it easy for any client regardless he is beginner or high punter to make an inquiry at almost any time and to receive a respond to his question or requirement. Also, the XM website has numerous trading options – including with foreign currencies, commodity, stocks, precious materials and etc. 99,35% of the orders for trading are usually executed in less than one single second. Moreover, the leverage here is also ok – 888:1 and the XM provides more than 100 financial instruments. Be aware that the currency options are also numerous on the website – USD, EUR, GBP, JPY, CHF, AUD and etc.
XM Forex broker has more than 60 currency pairs to trade with, while the minimum deposit is only 5 $, which makes it quite suitable for beginners in trading, who do not want to risk lots of money for their first steps on the market. XM provides to its audience several account types for registering, as well – standard account, micro, executive, Islamic, managed and many other accounts. Demo account is also available for people, who are not sure whether to remain on the website before testing its platform. There are no commissions or hidden fees in trading activity on the XM broker, while the deposit and withdrawal payment methods are the general standard methods such as debit and credit card, China UnionPay, iDEAL, Liberty Reserve, Moneybookers Skrill, Neteller, SOFORT, WebMoney and Wire Transfer.
XM Bonus System and Types
Learning information about a broker is an entire process you need to consider every time before signing in a particular website. And part of this process is to see if the available bonuses are ok for you. Thankfully, XM offers numerous promotions and special extras you should definitely check out now.
- No Deposit Bonus – The bets Forex bonus ever – the no deposit bonus – is still part of the bonus system that XM website provides to all of its clients. To be more specific only newly registered clients can actually benefit of it. The no deposit bonus here is 30 $ and you can use it only if you are new on the website and have just made your registration with a validated account to trade from.
- Welcome bonus – Another welcome bonus for all the newly registered clients on the XM website gives you up to 100% with a maximum reward of 5000 $ of your initial deposit. Unlike the previous bonus, you must make a deposit in advance and then to receive the bonus. So if you deposit 200 $ you can have in your wallet 400 $.
- Loyal Bonuses and Programs – Become a regular customer on XM at some point and you will be able to apply for a loyalty program. This program gives you several extras and special promotions and to reach it you will need to collect a particular amount of points, which are given during your experience on XM platform.
- Special Seasonal Bonuses – Do not forget to check out for special seasonal bonuses on XM. This Forex platform has a tradition to update its bonus system all the time, so you can receive an additional offer throughout your experience here.
XM Software Information
- The software type a broker uses makes a website either customer-friendly and intuitive, or harsh and not that easy to be used. Thankfully, XM offers the best Forex broker platforms that are intuitive and great for daily usage. Besides, from now XM is available on its mobile version, too! With it you can trade at any time and from any place with your tablet or smartphone. The standard software types XM uses are MetaTrader 4 and Web Trader. Check out them both and find which is better for you.
Why Choosing XM Forex Broker?
And now we have reached the best part of our XM review – the list of the biggest benefits behind this Forex broker platform. Check out them out and see why so many trader love XM broker so much:
- Fantastic bonus system with ordinary updates of new bonus types
- Strong regulation and good reputation
- Great customer support services
- Strict NO re-quotes
- Efficient and fast trade execution of each trade
- Good leverage 888:1
Be confident and tranquil to test the XM Forex broker. It is safe and reliable, but it is also quite easy for beginners. Also, see yourself that this website is worth it to remain on even when you become and advanced trader!