XM Review

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  • Broker Name: XM
  • URL: http://www.xm.com
  • Rating: 5 / 5
    Reviewer: WorldForex.org
  • On: March 30, 2013
  • Bonus: $5,000
  • USA:US Users Are Not Accepted

Full Review:

XM is now a well established online Forex broker. In 2009, this company began offering services and has since become a top choice for many new traders internationally. The company is a licensed and registered broker in the Republic of Cyprus and offers services that are compliant with EU regulations. At XM, traders will have the ability to download and install one of the most popular platforms being used, Metatrader 4. With this platform, new traders will benefit from demo accounts and real accounts and will have the ability to use and back test expert advisors. In addition to this platform, XM has other platforms that are available, including Webtrader, Android, iPad and iPhone. With this many platforms, it is possible for traders all over the world to use a PC or mobile device to connect with their accounts at any time and conduct trades.

Since many new traders will be opening accounts at XM, there is an exceptional customer support team in place. Offering professional services and assistance, the support team can be contacted 24 hours a day and offers services in multiple languages so that all international clients will receive the help they need.

The trading options that are available at XM are exceptional and traders will be able to trade over 100 currency pairs. There are also competitive spreads and the average EUR/USD spread will equal 1.9 pips. In addition to using the platform to conduct traders, registered traders will also be able to place phone trades by using the 24 hour support services.

The minimum deposit amount at this broker is a bit higher than others, offering a $100 deposit minimum. While this is still a low cost to begin investing, it may not be the right amount for some new traders who have limited budgets. However, traders who do choose XM will find that the resources available and the ongoing support will definitely be worth the few extra dollars when opening an account.

While most traders will make their money from the trades that are conducted, they will have the chance to earn free cash for additional trades through the bonus offers and loyalty reward program that is offered at XM. This is just another way for the company to give back to loyal traders and welcome those that are new.