XM is a leading brokerage that offers CFDs on more than twelve hundred stocks. Its portfolio includes stocks in Russia, Brazil, Canada, Australia, and numerous European countries. It also offers CFDs on most major stock indices.
The XM Group is a family of regulated online brokers. Its Cyprus-based subsidiary Trading Point of Financial Instruments Ltd was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission. It also has subsidiaries in Sydney, Australia, and the United Kingdom. The XM Group is regulated in the United Kingdom by the Financial Conduct Authority (FCA).
XM offers more than 50 currency pairs on its platform. It also offers leverage of up to 30:1 for retail clients. It does not offer CFDs on cryptocurrencies or ETFs. However, it offers a diverse selection of commodities.
XM Group offers four account types. These include the Standard, Micro, Ultra Low, and Shares accounts. Each account offers unlimited MetaTrader platforms and expert advisors. It also offers technical analysis and market updates. Its higher-level accounts, however, require higher initial deposits and a commission.
XM is a regulated market maker broker with over 1,000 trading instruments. Its spreads are low at 1.7 pips on a Standard Account and 0.8 pips for the Ultra-Low Account. In addition, it has low minimum deposit requirements and an excellent customer support team. It is also a member of the CySEC (European Financial Services Authority), and has won many international awards.
XM is regulated by the CySEC, which provides a degree of investor protection. If a brokerage firm falls out of business, the CySEC’s Investor Compensation Fund can help depositors recover their losses up to EUR20,000. XM has been around since 2009, which means that they’re a trustworthy broker with a long history.
XM’s customer support is among the best in the industry, with an expert team of market experts available around the clock to assist traders. The customer support desk is also available in several languages. Besides answering customer questions, XM also offers a wide variety of market news, technical analysis, and daily market reviews.
XM offers commission-free Forex trading. Traders who choose the Ultra-Low Standard Account can trade major and minor currency pairs without paying any commissions. Additionally, XM offers a wide range of trading instruments for both stocks and commodities. Its forex range includes the major, minor, and exotic currency pairs.
XM offers several types of user accounts to suit different trading needs. For example, the XM Micro Account allows for up to 200 open positions per client. The minimum deposit is $5. The spread is 0.8 pips. The Standard and Micro accounts are commission-free.
The XM Group has a strong track record in the financial services industry. The company has won over 30 industry awards and provides support in multiple languages. In addition, it has surpassed two billion trades without rejections or re-quotes. As a result, the company is a safe, reliable brokerage for forex and CFD trading.