XM Forex is a well-established, well-regulated brokerage that acknowledges traders from 196 countries. Their support staff speaks more than 25 languages, and they strive to give their clients the best possible experience. This is reflected in the feedback from traders who have used the platform. In addition, their account types are realistic and easy to understand.
While there are some complaints about the withdrawal process, they are unfounded and are unlikely to affect your trades. XM Forex is one of the world’s largest retail brokers, serving more than three million traders from 196 countries. It offers over 25 payment methods and has a clean record with five regulators. Its negative feedback is mostly based on isolated incidents where traders were unable to withdraw their funds. Such complaints have been primarily fabricated on online forums and seem unfounded.
As for the fee structure, XM does not charge any internal fees, which means that traders can use the funds at a lower cost. For example, a standard account with XM features low spreads of 0.6 pips. This equates to $6.00 per 1.0 standard lot. However, EUR/USD/JPY are excluded from the commission-free account category, so other currency pairs will have higher markups.
XM has a high degree of reliability, and it removes the uncertainty around order execution. The brokerage has multiple languages and is compatible with MetaTrader 4 and 5. It also offers an impressive range of assets, an educational suite, and 24/7 customer support. The platform offers a demo account with no time limit.
XM is a regulated online broker. Founded in Cyprus, the broker is governed by the Cyprus Securities and Exchange Commission. It also has an Investor Compensation Fund. And it has more than 5 million clients around the world. With all these benefits, XM is a trustworthy and secure option for your forex trading.
Customers can reach customer support representatives via a variety of methods, including phone calls and live chat widgets. Their service is also available on weekends. Whether you’re looking for help or want to learn more, XM is there for you. They offer 24/7 customer support via their website and phone lines.