Read our XM Review and Learn More About a Forex Broker who Offers Some Attractive Bonuses

Take a look at their website and you’ll be given some very impressive figures. More than 700,000 clients located in 196 countries, more than 150,000,000 trades executed and never any requotes or rejections and a management team that has visited more than 120 cities worldwide to meet clients and partners. You’re no doubt wondering what it is about XM that has earned it such a reputation. Keep reading and we’ll fill you in one some of the details.

Our Rating of XM Forex
  • $1,000,000Forex World Championship
  • Max Leverage:1:888
  • Spread:1.6-2.6
  • Forex Licence:CySEC, FCA, BaFin
Our Overall Rating93/100• Best Forex Broker •

A brief introduction to XM is the trading name of Trading Point of Financial Instruments and is an online Forex broker that entered the world of Forex trading in 2009. It is registered and licensed by CySEC, the Cyprus Securities and Exchange Commission. It also authorized to provide regulated products and services throughout Europe by the UK’s Financial Conduct Authority. If you choose XM for a broker you get the opportunity to trade more than foreign currency pairs. They also give their clients the opportunity to trade commodities, CFDs, equity indices, energies, and precious metals. And there are plenty of incentives including a 24/5 customers services desk, tight spreads, prompt executions, no commissions, flexible leverage up to 888:1, personal account managers, automated trading and a wealth of promotions and special offers.

XM offers 7 versions of the MT4 trading platform

For their trading platform XM have chosen the popular MetaTrader 4, and it is available in 7 different versions.

Traders can be sure that however they choose to trade they will be supported. Clients can choose from any of the range and can be accessed using one account. Desktops versions can be installed and run using both Windows and Mac operating systems. And there are XM mobile platforms for smartphones and tablets, using Apple or Android operating systems. The Webtrader platform is accessible from any device with a web browser. Which means there is a suitable solution whatever device or computer is being used.

Why not try an XM demo account before choosing one of the real account options?

If you’re new to Forex trading, or want to experience what XM have to offer before investing real money then the demo account is the ideal choice. It allows newcomers to trade using virtual money and comes with no risk. There will be ample opportunity to test your trading strategy, learn more about how the market moves, as well as understanding how to place orders before you open one of the following real money accounts.
Micro account

Standard account

XM zero account

A wide range of payment methods are supported by XM. These include MoneyBookers, Neteller, Skrill, Diners Club, wire transfer, credit and debit cards, as well as a number of other local methods. Most deposits will take place instantly, but there is a limit of $5 for electronic funding. Withdrawal requested are normally processed within 24 hours, but credit/debit cards and bank wires can take up to 5 days.

XM promotions are bound to attract attention

Not all Forex brokers feel the need to attract new customers, or retain their current clients with the promise of monetary rewards. The XM bonus offers, however, are varied, and there is likely to be something for everyone on the menu. There is a $30 no deposit bonus, which is automatically credited to an account, with the promise of all profits earned being available for withdrawal. There are no hidden terms and the offer is open for new clients. For a limited time, there is a 100% bonus, up to $5,000, but is only available on executive level entry to the XM loyalty program. And if you want to take part in a competition they have the $1,000,000 Forex World Championship currently running that is free for anyone who wants to participate. Only a monthly basis, XM is offering an opportunity for clients to win $50,000 and the chance to earn a place in the Final Round of the Forex World Championship, where there is an additional $500,000 in cash prizes and no entry fee. All prizes in this competition are withdrawable. Other offers include:

Quite an array of bonuses and special offers to take advantage of we have to agree.
Before we finish this XM review we’ll take a quick look at the customer service.

Customer support 24 hours a day, 5 days a week

However good a broker may be, there will inevitably come a time when clients need to get in touch, so we always spend some time looking at the options. XM offer a number of phone numbers, depending on the query, and there is a support desk available 24 hours a day, 5 days a week. There is also a live chat option and a number of emails, if you can wait for an answer.

On the whole, XM keeps their clients very well informed, and there is a wealth of information on their site. There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading. After spending a few days navigating our way around everything on offer we found no problems, and soon understood why XM has found itself in such a favorable position.

Company XM
Headquarters Cyprus
Established 2009
Languages English, Japanese, Malay, Chinese, Chinese (Simplified), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish, German, Polish, Arabic, Spanish, Korean, Portuguese, Turkish, Vietnamese, Armenian, Filipino, Dutch, Czech, Iranian, Bengali, Thai.
Deposit Methods Credit/ Debit Card, Neteller, Bank Wire Transfer, Skrill, Giropay, Sofort Banking and more