XM Forex Review
About XM Forex
XM Forex is a regulated by CySEC. The company is also registered with the FCA (UK) and FSP (New Zealand). XM provides next generation online services for trading forex, precious metals such as silver and gold, stock indices, and energies for clients in over 200 countries. XM also offers professional customer support in over 18 languages.
Founded in 2009, XM has built a reputation for their commitment to core values such as business transparency and equally fair trading conditions for all clients. XM clients can enjoy trading with superior execution – 99.35% of all orders executed in led than 1 second – with strictly no re-quotes and no rejections.
XM provides all traders with the same outstanding services and trading conditions regardless of their background or invested capital. Opening a trading account takes less than 5 minutes, the online application form is available in over 18 languages, and trading can be started with a minimum deposit of just 5 USD. Clients can select from multiple account types and enjoy trading conditions including tight spreads from 1 pip on all major currency pairs, and flexible leverage up to 888:1. A Demo Account with 100,000 USD in virtual currency is available for anybody looking to test their trading strategies or simply get some practice before opening a Real Account.
Upon opening an account, clients are able to select from base currency options for USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB. With tight spreads on over 60 currency pairs. The same spreads are offered on all trading account types, in addition to fractional pip pricing so that clients can trade with even tighter spreads and benefit from the most accurate pricing possible.
Traders Account funding is 100% automatic and all deposits are processed instantly 24/7. Same day withdrawals are also available with a series of fast payment methods such as credit card, bank wire transfer, Neteller, Skrill, Liberty Reserve, Western Union, Webmoney, SOFORT, iDEAL, China UnionPay, local bank transfers, as well as a wide selection of country-specific payment methods such as Abagoos, cashU, P24, GiriPay, Moneta, and Qiwi, to name just a few. Furthermore, client funds are kept in segregated accounts with top tier bank Barclays UK, providing protection and reassurance that the funds cannot be used for other purposes.
XM Trading Platforms
XM Forex and Commodity Trading offer Multiple trading platform options are available, including the MT4 Terminal, WebTrader, iPhone Trader, iPad Trader, Droid Trader, and Windows Mobile Trader. All platforms can be accessed from the same account, providing traders with the flexibility to trade from anywhere, at any time. Additionally, the XM MAM platform enables fund/asset managers to manage multiple accounts simultaneously, with an unlimited use of charts and EAs.
XM Client Support
Each new trader is supported by Personal Account Managers in over 18 languages are available to clients 24/5 via live chat, telephone, or email. They have the expertise to provide professional support to traders of all levels.
A wide variety of educational and training material is available for all clients, with free weekly interactive webinars, MT4 video tutorials, and periodic seminars that take place in different locations around the world. XM also offers its clients the benefit of non-stop promotions and bonuses up to 100% on deposits.
XM Competitive Edge
XM places no upper limits on deposits whilst also covering all transfer fees and providing negative balance protection. A strict market execution policy ensures no re-quotes and no rejections; serving to rank XM amongst the most sought-after brokers in the industry today.
All services and products are customized to client needs from the over 200 countries worldwide that it serves. Moreover, both the XM website and the customer service teams fully support over 18 languages, reflecting XM’s belief that clear communication is essential.
XM Partner Program
XM also operates a very competitive Partner Program, which has proven to be highly successful since it was launched in 2011; enjoying ever-growing popularity among affiliates and introducing brokers thanks to its tailor-made commission schemes, fully automated systems, and top-notch reporting system for referral and commission monitoring. The XM Partner Program provides all affiliates with a dedicated Personal Account Manager who speaks their native language, in addition to bespoke marketing material in over 18 languages designed to increase client conversion rates.