Read our brief overview of international forex broker, XM Group before you trade.
Founded in 2009, XM is a large Forex and CFD broker, offering a range of online trading services and providing access to the financial markets to clients from over 190 countries. Headquartered in Cyprus, it has expanded its reach into multiple other regions across the world, providing its clients with access to the full suite of MetaTrader trading platforms across desktop, tablet and mobile devices.
However, XM has a number of limitations which could put off some traders from choosing the broker to trade with. Firstly, the lack of a 24/7 dedicated customer support service is disappointing, while social trading is not offered as an option. Moreover, there is no proprietary XM platform, which once again is a negative mark against the broker.
Company Name | XM |
Established | 2009 |
Headquarters | Limassol, Cyprus |
Regulation | ASIC (Australia), CySEC (Cyprus), FSA (Seychelles) |
Trading Platforms | WebTrader, Mobile App, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Account Types | Micro, Standard, XM Ultra Low, Shares |
Account Currency | USD, EUR, GBP and more |
Tradable Instruments | Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies |
Minimum Deposit | $5 |
Customer Support | 24/5 (Live Chat, Email, Phone) |
Additional Features
Feature | Availability |
Regulated Broker | ✅ |
Trading Contests | ✅ |
Mobile Trading | ✅ |
Educational Resources | ✅ |
Web-Based Platform | ✅ |
Research Tools | ✅ |
Copy Trading | ❌ |
Demo Accounts | ✅ |
Negative Balance Protection | ✅ |
Segregated Accounts | ✅ |
Virtual Private Servers (VPS) | ✅ |
24/7 Support | ❌ |
Inactivity Fees | ✅ |
Promotions | ✅ |
Hedging Allowed | ✅ |
