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XM.Com Review

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XM.COM Overview

  • Over 1,000,000 clients
  • Traders from 196 countries
  • 25 secure payment methods
  • 16 full feature trading platforms
  • More than 30 languages supported
  • 24/5 personal customer service

 History & Background

XM.com is the recognized trading name of Trading Point Holdings Ltd, a company incorporated and governed by the laws of Cyprus. Company was founded in 2009 and are now firmly established as a genuine contender in the crowded Forex marketplace. This regulated broker provides over 100 financial instruments for their clients to trade with. XM do not accept US traders, however traders of all levels from all other countries are welcomed.

Uniquely, XM is a specialist in providing “Islamic Accounts”. These are accounts aimed specifically at traders following the Islamic faith, where trading is considered “Halal” (translated as “allowed” or “permissible”). These accounts are actually technically called “swap-free” accounts. They allow no swap or rollover interest on overnight positions, as this is against the Islamic faith. If you’d like a swap-free account, simply open a trading account and speak with the XM support team for more details on the application process.

XM state that they value trading efficiency and want to provide their customer with a fantastic user experience. This is noticeable as they offer an extensive range of trading tools, cutting edge trading platforms and a personalised customer services. They also allow 24hr trading, five days a week and the ability to trade on margin. XM supplement their main Forex operations by offering CFD trading, which offer their traders with the opportunity to trade with financial products such as indices, precious metals and energies.

XM are an excellent broker with multitude of options, account types and tools to suit traders of all levels. We haven’t even mentioned their minimum deposit amount of $5(!), the lowest we’ve seen in online Forex. There’s a lot to shout about when it comes to XM.

Account Types

XM Group offers its clients 3 types of account: MICRO, STANDARD, and ZERO with low spreads and a level of flexible leverage that can reach the maximum of 1:500. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. Finally, XM ZERO account allows you to operate with standard lots, lowerspreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $5 commission per $100,000 traded.

Deposit & Withdrawal Methods

They accept the most commonly used Local payment methods today including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc. Their coverage is quite extensive and adds more flexibility on adding funds into the account.

Contact and Support

Registered Address

No.5 Cork Street, Belize City, Belize, C.A.

Online Support

 Working hours: 24/5 GMT
 Live Chat
 support@xm.com

Phone Support

 Working hours: 24/5 GMT
 +501 223-6696

 

 

 

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