XM Review 2024 (Expert Review)

XM Review Summary

XM is an online brokerage company that offers a wide range of trading services. Its low fees are one of its major selling points, and its user-friendly website makes opening an account quick and easy. XM has several types of accounts to suit the different needs of its users, and the pricing varies based on the type of account. XM is a regulated online brokerage company, with an excellent reputation. It was registered as a service provider in Cyprus and is governed by two securities commissions: the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission.

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XM Platform Features

XM main features and highlights

🗺️ Country of regulation	Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
💰 Trading fees	No
💰 Inactivity fee	Yes
💰 Withdrawal fee	No
💰 Minimum deposit	5
🕖 Time to open a XM account	1-3 Days. *A XM demo account can be opened in a few minutes, but live XM trading account creation times will vary depending on how long it takes to process your XM KYC documents.
💳 Wire Transfer	Yes
👛 Depositing with electronic wallet	Yes
💱 Number of base currencies supported	11
🎮 Demo account provided	Yes
🛍️ Financial Instruments offered	Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals

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XM Financial Regulation

XM is regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

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XM Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using XM include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using XM can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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XM Advantages

One of the main advantages of using XM is around the clock service and support as well as research offerings. Not only this, but XM has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of XM with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with XM makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. XM offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• XM has been in business over 10 years.
• XM offers Stock Trading.
• XM offers Neteller as a payment method.
• XM offers Skrill as a payment method.
• XMoffers Islamic Accounts.
• XM offers a Apple Mac desktop trading platform.
• XM offers Hedging.
• XM offers Scalping.

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XM Disadvantages

Although XM has a lot of good points XM does not offer the below.

• XM does not offer Cryptocurrency Trading (See XM alternatives who offer Cryptocurrency Trading here)
• XM does not offer PayPal as a payment method (See XM alternatives who offer PayPal as a payment method here)
• XM does not offer ECN trading (See XM alternatives who offer ECN trading here)
• XM does not offer Bitcoin Trading (See XM alternatives who offer Bitcoin trading here)
• XM does not offer the MetaTrader 4 platform (See XM alternatives who offer the MetaTrader 4 platform here)
• XM does not offer the MetaTrader 5 platform (See XM alternatives who offer the MetaTrader 5 platform here)
• XM does not offer the cTrader platform (See XM alternatives who offer the cTrader platform here)
• XM does not offer Spread Betting (See XM alternatives who offer Spread Betting here)

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money..

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Things to understand when trading with XM

Online trading on trading platforms like XM have seen huge growth in the last 3 years. Trading with XM requires that you take the time to learn how financial markets work and are able to trade with XM using in depth technical analysis and XM risk management trading tools. Trading with XM involves risk. You should only risk capital with XM that you can afford to lose. Understand your risk tolerance with XM, and have a trading strategy that XM is able to help you execute. XM is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments XM give you access too.

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XM Trading Fees

Trading fees on XM are taken in the form of the spreads XM offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on XM. XM fees vary depending on the financial instruments traded and can include, XM overnight funding fees, spreads, margins and XM inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your XM account charged by your 3rd party payment provider if your XM base currency is different from your XM withdrawal method.

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XM Financial Instrument Fees

XM fees for Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals are listed below.

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XM Stock Trading Fees

The majority of XM trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A XM stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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XM Forex Fees

Commission on XM Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for XM Forex fees is based on their trade size. To calculate XM Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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XM Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. XM cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. XM cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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XM Non Trading Fees

XM non-trading fees include a variety of XM brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the XM trading platform. The most common non-trading fees include XM withdrawal fees, XM deposit fees and XM inactivity fees.

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XM Deposit Fees

XM does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, XM does not do this.

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XM Inactivity Fees

XM does charge clients an inactivity fees for dormant XM trading accounts. A XM inactivity fee is a sum charged on XM brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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XM Withdrawal Fees

XM does not charge withdrawal fees. Withdrawals fees vary between XM and XM alternatives depending on where you are located and how much money you are withdrawing.

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XM Account Fees

XM does not charge account fees. Account fees charged differ between XM and other brokers. An account is a fee that XM and other brokers assesses on all accounts for the ability to keep an account on their platform.

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XM Account Opening

The XM account registration process is simple, user-friendly, and quick. Within 1-3 Days most XM trading accounts are ready for live trades. Our XM account was validated in 1 day, but live XM trading account verification times will vary depending on the time it takes to process your KYC documents and XM trading account application. A XM demo account can be opened in a few minutes.

XM trading accounts are available in over 191 countries. XM is restricted in the following countries.

Apart from the restricted countries a XM trading account can be opened globally.

The XM trading platform is available for residents in US. Some financial instruments XM offer may be restricted in your country.

• Fast XM account opening.
• XM accounts can be opened and KYC can be verified digitally.
• XM minimum deposit is 5 USD / GBP / EURO.
• XM trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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XM Deposit And Withdrawal

XM Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by XM as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

XM offers the following account GBP, USD, EURO.

When trading make sure your XM trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. XM has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

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XM Deposit Fees and Deposit Methods

Investors can log in to their XM trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their XM trading accounts from an existing bank account or send the funds through a wire transfer or online check.

XM Deposit Fees

Making a deposit on your XM account is free.

XM Deposit Methods

There are several methods through which you can deposit money into your XM account. One can use a credit or debit card and XM accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your XM account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your XM account. Funding methods for XM include Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,.

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XM Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your XM brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open XM positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your XM account.

XM Fees When Withdrawing Your Account Balance

XM do not charge withdrawal fees. Some withdrawal fees are out of the control of XM and may be due to 3rd party payment providers and your account base currency.

XM Withdrawal Methods

Log into your XM trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your XM account to your bank account. To withdraw money from your XM account you can use credit or debit cards. XM processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as XM processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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XM Trading Platforms

As there are a number of tradable financial instruments available on the XM trading platform. Before investing in the XM platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The XM platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. XM offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on XM is available. Another thing to consider is your financial goals. Make sure that a XM account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a XM account. Ensure that XM allows you to focus on the type of trading that you want to focus on.

Make sure XM is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using XM, think about how easy it is to use for your personal needs. Does the XM platform offer real-time updates or delayed updates that are more informed? Remember to check if XM is well regulated, and what tradeable financial instruments XM has. Security is very important when it comes to trading with XM.

XM Web Trading Platform

A XM web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through XM which acts as a financial intermediary. XM is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the XM mobile trading platform.

XM Apple IOS Trading Platform

A XM iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

XM Google Play Android Trading Platform

A XM Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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XM Mobile Trading User Experience

XM mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. XM mobile trading refers to trading using a mobile phone.

Leading brokerages like XM offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire XM portfolio. All an investor needs is a Web-enabled smartphone and a trading account with XM. Once you have download the XM trading app, you are ready to begin.

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XM Desktop Computer Trading Platform

A XM computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The XM desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The XM desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

XM MetaTrader 4

MetaTrader 4, known as MT4, is a trading platform used by online retail foreign exchange traders. MetaQuotes Software developed and released this programme in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. It is a free-of-charge Forex trading platform, offering wide technical analysis options, flexible trading system, and algorithmic and mobile trading. MT4 is a popular online trading platform that can be used to automate one's trading. Its simple user interface provides users with access to advanced technical analysis and flexible trading systems.

XM MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

XM PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using XM. A trading computer with access to a XM PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

XM Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the XM trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the XM trading platform is very user friendly on a Mac device.

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XM Trading Look And Feel

The XM user interface (UI) is what XM traders will see and interact with first when trading with the XM trading platform. The XM is well designed. The goal of the XM trading UI is to make the XM user's experience intuitive. The XM application has good user experience and a good level of customer satisfaction.

XM Security

XM is a secure trading platform. XM offers traders security via 2 factor authentication, SSL encription when trading with XM. XM trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with XM. Rate limitation on XM suspicious account activities is another layer of protection that is provided for XM trading accounts, for example multiple failed login attempts with XM. You have the option to further safeguard your account by using XM Two-Factor Authentication (2FA), which provides an extra layer of security.

The XM trading infrastructure is constantly watched and guarded by a trained team at XM In addition, XM never send sensitive information without first encrypting on the XM trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On XM

Available XM order types. # market, limit, stop, stop limit, Good until end of day / canceled.

XM Market Order

A XM market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. XM market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. XM market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

XM Limit Order

A XM limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

XM Stop Order

A XM stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

XM Stop Limit Order

A XM stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The XM stop-limit order triggers a limit order when a stock price hits the stop level. A XM stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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XM Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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XM Trading Platform Features

Online trading platforms like XM are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with XM. The XM trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using XM.

XM Margin Trading

XM margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, XM margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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XM Account Types

XM Demo Account

XM offers demo accounts that gives traders the ability to purchase and sell XM financial instruments in a practice environment, using fake XM digital money and live market conditions and data. When you practise on a XM demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the XM platform. XM demo accounts allow you to experience and practice a variety of market charts, XM trading indicators, and trading strategies using XM.

XM Standard Account

XM offers a standard trading account, allowing XM traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich XM trading platform.

XM Islamic Accounts

XM islamic accounts respect Islamic finance law. XM swap free accounts do not accumilate interest and XM transactions are actioned immediately. A XM Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using XM following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with XM Islamic accounts do not pay or receive interest rates.

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XM Tradable Financial Instruments

XM tradable financial instruments are the financial instruments that are specifically available to trade on the XM trading platform. This refers to the different types of financial markets you can trade with through XM. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on XM.

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XM Trading Stocks

Stock trading with XM is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with XM; if you possess the stock on XM, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on XM involves purchasing and selling stocks and share using XM periodically in order to time trades against the stock markets, with the aim of using XM to profit from your stock trading. XM stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on XM. Stock traders on XM conduct significant study, frequently dedicating several hours every day to market monitoring using XM trading tools.

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XM Trading ETFs

What Are ETFs

XM does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

XM does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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XM Trading Cryptocurrencies

XM does not offer cryptocurrency trading.

Cryptocurrency trading is not offered by XM, so you will need to find a XM alternative that allows you to buy and sell the underlying cryptocurrency assets. XM CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a XM alternative and make sure you undertand the risks fully before trading.

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XM Forex Trading

Forex trading with XM is a method through which to invest money which involves trading one currency for another in a Forex currency pair with XM. The main aim of XM Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with XM. As a XM Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like XM. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like XM. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on XM.

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XM Commodities Trading

Commodity trading is a type of trading available on XM where individuals or businesses buy and sell financial instruments using XM related to commodities, such as metals or oil.

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XM Options Trading

XM options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. XM option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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XM Futures Trading

Futures trading with XM is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using XM to facilitate the trade. A XM futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on XM. Typically, futures contracts are traded on an exchange such as XM; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling XM trader to the contract agrees to provide it.

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XM Bonds Trading

Bonds trading on XM is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the XM trader. Bonds can be bought and sold on XM after they are issued. While some bonds are traded publicly through XM, most trade over-the-counter between large broker-dealers like XM acting on their clients' or their own behalf. Yield is therefore based on the XM purchase price of the bond as well as the coupon.

XM CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

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XM Trading Research Tools

Taking advantage of XM trading research tools which are designed to help traders analyse potential investments using the XM trading platform. Some XM research tools include charts, technical analysis, and XM trading indicators.

XM Trading News

Traders can follow the markets and make wise investment decisions on XM by using the news to help form a strategy when it comes to choosing investments. A XM news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

XM Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A XM economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

XM Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. XM fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

XM Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on XM are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

XM portfolios

Trading portfolios are useful when trading with XM.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A XM trading portfolio is a traders collection of investments, which may include a variety of XM financial instruments.

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XM Payment Methods

A XM payment method is required to fund your XM trading account before placing a buy or sell order on a financial instrument.

When trading with XM, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that XM do not have any control over.

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XM Withdrawl Methods

When trading with XM at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your XM account balance. XM may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your XM account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

XM Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your XM account.

Withdrawal requests can take up to three business days to be processed by XM.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your XM should arrive in less than 24 hours.

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XM Customer Support

Customer support represents the resources within the XM company that provides technical assistance to its customers after they use the XM service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

XM offer email, livechat, phone, customer support.

XM Email Support

XM offers email support.

Email support is a a convenient method of XM customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from XM regarding your support request.

XM Livechat Support

XM offers livechat support.

XM live chat support is a way for customers to obtain help from XM through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

XM Telephone Support

XM offers telephone support.

XM telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the XM call centre to give or take information.

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XM Educational Resources

XM educational resources are used throughout the XM learning environment to help and assist with customer's development and learning of trading on XM. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using XM trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

XM Trading Platform Tutorials

XM offer a range of learning resources and tutorials and guides made available to registered XM users. The XM guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate XM users on basic trading principles.

XM Trading Videos

XM offer a selection of online trading videos.

Trading videos on XM help new and even more experienced investors gain insights into XM technical analysis tools and how the different financial markets work when trading on XM.

XM trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some XM training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using XM to trade live financial markets.

XM Webinars

XM offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of XM clients who participate by asking questions, replying to polls, and using other interactive technologies available on the XM trading platform.

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XM Financial Regulation When Trading

Financial regulations on XM protect consumers' investments. Regulations prevent financial fraud and limit the risks that XM as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. XM financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is XM Regulated?

XM is regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC).

XM is licensed by financial regulators in certain jurisdictions. You can find out if brokers like XM are licensed in your country, if they have had run-ins with regulators, or received serious complaints from XM investors, directly with financial regulators in your country.

XM Regulatory Protection Limits

When registering with XM you must check with regulatory body your XM trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your XM account is over seen by. XM client funds are stored in segregated 3rd party bank account in accordance with XM financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

XM Trading Signals

XM offers trading signals to XM clients.

XM trading signals are triggers to buy or sell a security based on a pre-determined set of criteria. Traders can create trading signals using a plethora of criteria: from simple ones, such as earnings reports and volume surge, to more complex signals that are derived using existing signals. A XM trading signal is an alert to traders to either enter or exit a position. Trading signals are based on specific times and prices and can be identified through technical or fundamental analysis. It is up to the XM trader to then decide whether or not to act on the signal.

Make sure you understand the risks of trading signals.

How does XM make money?

Because XM acts as an intermediary, XM gets compensated on buy and sell transactions of financial instruments. As a result, XM profit is determined by the volume and number of transactions. XM earns revenue to fund their XM platforms and wide range of trading services through market spreads.

Can you buy shares on XM?

XM provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. XM offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and XM on the speculative up or down price movement on an agreed stocks price movement.

Does XM offer Cryptocurrency?

XM does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

XM Lower fees, lower costs?

XM have reasonable trading fees and costs. XM may charge a deposit fee. XM may charge a withdrawal fee. Some withdrawal fees are out of the control of XM and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

XM minimum deposit is 5 USD / GBP / EUR.

How to start your XM account?

You can sign up for a live or demo XM trading account by visiting XM and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an XM account here.

How's the XM trading app?

XM allow traders to trade financial markets on iOS, Android and Windows supported mobile devices.

You can tryout the XM trading app here. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Is the quality of XM customer service satisfactory?

XM have great customer support which is accessible through email, livechat, phone, support options.

Is this broker good for new traders?

XM is a good trading platform for new traders as XM offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from XM?

XM offer a good selection of withdrawal options. Once XM have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best XM Alternatives Reviews

If XM isnt quite what you are looking for you can check out some of the best XM alternatives below.

• IC Markets Review (read our in depth 2024 review)
• Roboforex Review (read our in depth 2024 review)
• AvaTrade Review (read our in depth 2024 review)

Best XM Alternatives In Detail

If you would like to see XM compared agains some of the best XM alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2024 Alternatives for IC Markets)
• Roboforex Alternatives (read our in depth 2024 Alternatives for Roboforex)
• AvaTrade Alternatives (read our in depth 2024 Alternatives for AvaTrade)

Check out RoboForex – Professional services on Forex market