Forex broker XM – an honest review

XM is the trade name of Trading Point Holdings Ltd, a financial services provider whose activities are regulated by law and which allow online trading on global financial markets.It offers very flexible trading conditions, many years of experience, an abundance of bonus programs, and an impeccable reputation.

XM review

XM.com is one of the largest European Forex brokers with over 500,000 clients worldwide. It features very loyal trading conditions, an abundance of bonus programs, and untainted reputation. A review of the broker available at fraudbroker.com – https://fraudbroker.com/review/xm/ was used to prepare this article.

Features of XM

XM.com offers three types of accounts:

  • Micro for those who want to experiment on Forex, but are not ready to invest large sums of money in it
  • Standart will suit more experienced traders who have already seen the reality of Forex earnings and want to increase their capital
  • Executive is suitable for serious traders and fund managers as it provides additional benefits

The minimum deposit for Micro and Standart is only $5, although for standart it is small and will not allow you to work comfortably. For the Executive account, you will need more than $100,000. You can also work with the Islamic Forex account.

The amount of leverage can be increased up to 1:888, but for the Executive, it is limited to 1:200. The spread is floating for all accounts –starting with 1 point.

XM broker clients can work with more than 100 assets, among which, in addition to currency pairs, are precious metals, stock indices, energy carriers, and so on.

You will be pleased to see a large selection of trading platforms, using which you can effectively trade with anything and anywhere.

Deposits and withdrawals

Xm.com offers its customers the most extensive technical capabilities, starting with regular bank transfers and ending with popular payment systems. As a rule, withdrawal takes from 3 to 5 daysand depends on the selected option. However, some clients mentioned unpleasant situations when withdrawing funds to an account, the rate changed dramatically over several days, and the expected and actual amounts sometimes differed. This refers to special cases or first withdrawals of funds from the account.

Regulators

XM’s main office is in Cyprus and, therefore, the activities of the parent company are subject to CySEC as well as European legislation with its very strict standards.

All customer accounts are stored in a world-class bank Barclay. The broker’s operation scheme completely excludes access to funds from its side.

If you’re still thinking whether or not you should start trading on Forex, read the article about it at https://fraudbroker.com/truth-about-forex/.