XM Review 2024
Reviewed by
Oliver Townsend
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Visit XM |
Overall Rating |
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Commissions Rating |
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Education Rating |
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Service Rating |
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Founded |
2009 |
Regulation |
ASIC, CySEC, IFSC |
Standard account |
$5 |
Leverage |
1:888 |
Spread |
1-1.9 |
XM General Information
Dive into the world of online trading with the XM Group, a conglomerate of licensed online brokers that stand tall in the financial sector. Founded with an ethos of transparency, fairness, and cutting-edge technology, the XM Group has etched its name as a trustworthy and efficient online broker. In the realm of online trading, XM Group emerges as a beacon of reliability, innovation, and unparalleled service.
A Glimpse into XM's Esteemed Legacy:
- Trading Point of Financial Instruments Ltd: Founded in 2009, it proudly operates under the scrutiny and guidelines of the Cyprus Securities and Exchange Commission (CySEC 120/10).
- Trading Point of Financial Instruments Pty Ltd: A more recent establishment from 2015, it abides by the regulatory framework of the Australian Securities and Investments Commission (ASIC 443670).
- XM Global Limited: Launched in 2017, this entity is under the watchful eyes of the International Financial Services Commission.
What Sets XM Apart? With the XM Group, traders gain unbridled access to a vast spectrum of over 300 financial instruments. This rich portfolio includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, and Energies CFDs. All these offerings stand out with transparent, real-time pricing, and are complemented by low spreads and adaptable leverage.
For XM, it's not just about business; it's about optimizing business. The pillars of speed and fairness define our every move.
Distinct Features of XM:
- Leverage of up to 888:1 (Subject to trading entity and financial instrument)
- Seamless experience across 16 trading platforms, notably the MetaTrader4/5 and webtrader.
- Attractive Deposit Bonus up to $5,000 (Conditions apply for EU-registered clients).
- Comprehensive Webinars and Tutorials for both novices and experts.
- 100% Automatic Account Funding.
- A tailored IB partner program catering to every partner's unique needs.
- A modest minimum deposit requirement of only $5.
- Competitive forex spreads.
- Convenient currency converter on the official site.
- Safe and comfortable trading environment.
- XM's No Requotes and No Rejection Policy, combined with its minimal deposit requirement, caters perfectly to traders desiring unblemished trading conditions without daunting deposit limits.
Moreover, XM’s commitment to its clients is evident in its unique fractional pip pricing. Instead of the conventional four-digit quoting, XM adds a fifth digit (fraction) to ensure traders benefit from the minutest price movements. This innovative pricing is born from our relentless pursuit of the finest prices from our array of liquidity providers.
Regulatory Oversight:
- Trading Point of Financial Instruments Pty Ltd stands authorized by ASIC (AFSL no. 443760).
- As mentioned earlier, other branches are regulated by CySEC and the International Financial Services Commission.
A Word on Spreads: While XM isn't a no-spread forex broker, it guarantees competitively tight spreads, aligning with the industry's benchmarks. By default, spreads are variable, with the EUR/USD averaging at about 1.9 pips.
Vast, Reputable, and Profoundly Knowledgeable
Founded in 2009, XM has evolved into an expansive and deeply rooted international investment entity, cementing its position at the forefront of the industry. Today, with a clientele exceeding 10,000,000, XM stands tall, symbolizing excellence and reliability in the financial realm. Boasting a robust team of over 900 seasoned professionals, our cumulative experience in the financial sector is unparalleled. XM's support, extending to over 30 languages, positions us uniquely as the preferred choice for traders globally, irrespective of their expertise. Our vast knowledge, coupled with our expansive resources, ensures we are equipped to usher everyone towards their investment aspirations – a hallmark of a premier broker.
Key Highlights of XM:
- Serving a clientele of over 10 million.
- Catering to traders from over 190 distinct countries.
- Offering 25+ secure payment channels.
- Featuring 10+ comprehensive trading platforms.
- Supporting 30+ languages.
- Delivering personalized, top-notch customer service.
Ethical, Credible, and Reliable
Choosing XM signifies aligning with a broker who epitomizes fairness and integrity. We extend equitable and ethical trading environments to all our clients, undeterred by their financial stature, investment magnitude, or account classification. Our commitment to transparency and fairness is underscored by our rigorous adherence to a no re-quotes and no rejections policy. Remarkably, 99.35% of all trading orders we handle are executed in under a second, free from re-quotes or rejections. This performance metric is testament to our belief: In forex, execution is paramount.
Protection and security of client assets reign supreme at XM. Allying with investment-grade banks and employing segregated accounts, we fortify the safety of our client funds. Retail client investments are shielded up to €20,000 through the Investor Compensation Fund. Furthermore, our Negative Balance Protection ensures clients are insulated from any potential losses exceeding their account balance.
A Truly Human-centric Organization
XM values genuine human connections. Our leadership has journeyed to over 120 global cities, bridging the gap with clients and partners through genuine, face-to-face interactions. Educational seminars, held across the globe, empower traders with insights, guiding their trading decisions. This personal touch, combined with our unparalleled support, has fostered a deep-seated trust among our clientele, leading to remarkable client retention rates. Recognizing our commitment to nurturing talent, the UK-based 'Investors in People' organization has lauded XM. This accolade exemplifies XM's unwavering commitment to serving its community and being a beacon in the online trading arena.
Why Align with XM?
XM celebrates a diverse, global workforce, embracing a mosaic of cultures, and approaches client needs with an appreciation for global diversities. Our state-of-the-art trading platforms and adaptable trading conditions resonate with a worldwide audience. Rooted in profound market knowledge, we pledge exceptional services across currency trading, CFDs, equity indices, precious metals, and energy sectors.
Our ethos is transparent: Client satisfaction translates to loyalty. Our esteemed reputation is a testament to our unwavering commitment to serving our clients beyond their expectations. By keeping our finger on the pulse of industry evolutions and harnessing the latest tech innovations, we consistently meet the ever-evolving demands of our sophisticated clientele. We remain uncompromising in areas pivotal to client performance, offering competitive spreads and unmatched execution.
Ensuring the Paramountcy of Client Fund Safety
In the intricate realm of finance, nothing supersedes the importance of safeguarding our clients' funds. Our unwavering commitment to this principle has solidified our reputation and trustworthiness in the financial world. Our dedication towards maintaining this trust is reflected through rigorous procedures, strategic collaborations, and an unwavering commitment to operational excellence.
Profound Safeguard Measures in Place:
- Prestigious Banking Collaborations: We are allied with top-tier financial institutions like Barclays Bank Plc, ensuring that our clients' funds are handled with the utmost integrity.
- Strategic Business Partnerships: Our associations with regulated entities such as Skrill, Neteller (Central Bank of Ireland), Przelewy24 (Financial Supervision Authority, Poland), and other entities overseen by the Central Bank of Cyprus ensure rigorous financial standards.
- Impermeable Segregation of Funds: Clients' assets are strictly separated from our operational funds, housed securely within premium-tier banking establishments. This measure ensures that neither we nor our liquidity partners can access these funds under any situation.
- Robust Compensation Mechanisms: As a proud member of the Investor Compensation Fund, we offer an additional layer of protection to our clients.
- Cutting-Edge Financial Technologies: Our state-of-the-art systems monitor transactions and manage risks in real-time, ensuring clients are shielded from negative balance scenarios.
- Advanced Transactional Security: Incorporating SSL technology, we guarantee optimal safety and privacy for every financial transaction.
- Adherence to Regulatory Frameworks: Our operations are in full alignment with the investor protection guidelines stipulated by MiFID.
- Client-Centric Procedures: We deploy meticulous procedures for client categorization, ensuring that every investment aligns with individual risk profiles.
- Transparency and Execution Excellence: Clients enjoy transparent trading conditions, optimal execution policies, and the assurance of no hidden fees or re-quotes.
- Liquidity and Spread Advantage: By partnering with diverse liquidity providers, we consistently offer competitive spreads and ensure seamless trading experiences.
- Commitment to Fair Pricing: We champion a straightforward approach, devoid of hidden commissions or terms that might adversely impact our clients.
Earning the Gold Standard in People Development
It's an honor to be recognized by the UK's esteemed 'Investors in People' organization. This recognition accentuates our dedication to nurturing talent, enabling both individual and organizational success. Adhering to their comprehensive framework not only underscores our commitment to operational excellence but also affirms our pledge to deliver unparalleled service quality in the online trading domain.
XM Trading Information 2024
Address 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Support Phone +357 25029900
Support e-mail support@xm.com
Trading software In the constantly evolving world of online trading, XM prioritizes equipping its traders with top-tier and technologically advanced tools. Our suite of trading platforms is designed to cater to both novice and experienced traders, ensuring a seamless and efficient trading experience. Here's a deep dive into the trading software available at XM:
MetaTrader 4 (MT4):
Renowned For: Its intuitive interface and being the industry's gold standard.
- User-friendly and customizable environment suitable for both beginners and professionals.
- Comprehensive technical analysis tools with 30 built-in indicators and 24 graphical objects.
- Offers automated trading through Expert Advisors (EAs).
- Allows multi-currency and multi-language support.
- Accessible on both desktop and mobile devices.
MetaTrader 5 (MT5):
Renowned For: Offering more features than MT4, catering to a broader segment of traders.
- Comes with an Economic Calendar integrated into the platform.
- Enables trading across multiple asset classes, not just Forex.
- Houses more timeframes, chart types, and technical indicators.
- Offers Depth of Market (DOM) feature displaying volumes of buy/sell orders at different price levels.
- Efficient for algorithmic traders with a built-in strategy tester.
XM Webtrader:
Renowned For: Direct access via web browsers, eliminating the need for software installations.
- Perfect for traders on the move, accessible on both PC and Mac.
- Fully synchronized with the desktop versions of MT4/MT5.
- Secure trading, ensuring data protection and encrypted financial transactions.
- User-friendly interface with one-click trading capabilities.
- Offers real-time quotes, news, and charts.
Making an Informed Choice: Depending on individual preferences and trading needs, traders can choose between these robust platforms. Whether you prioritize mobility with XM Webtrader, sophistication with MT5, or the time-tested reliability of MT4, XM ensures that you're equipped with the best tools in the industry.
Free Education At the heart of our commitment to excellence lies our comprehensive Research and Education center. This dynamic hub is dedicated to ensuring that our clients are kept abreast of the rapid movements and trends in the global markets.
- Daily Updates on Trading Sessions: Recognizing the significance of each major trading session across different time zones, our center diligently provides daily updates. This ensures our traders can anticipate market shifts, understand the implications, and strategize accordingly.
- In-depth Analysis of Critical Market Events: In the ever-evolving world of finance, a single event can send ripples throughout the global markets. To keep our clients informed and ready to act, we offer multiple daily briefings that delve deep into the events that are shaping the financial landscape. From economic data releases to geopolitical happenings, our team dissects every detail, providing actionable insights for traders.
- A Multilingual Team of Experts: Our research and analysis are driven by a diverse team of 20 market professionals, fluent in multiple languages. This not only ensures that our content is culturally relevant and accessible but also brings a wide range of perspectives, insights, and expertise to the table.
- Comprehensive Educational Resources: Beyond just updates, our center is dedicated to the continuous education of our clients. With a vast and varied knowledge base, we aim to empower our clients, allowing them to harness the complexities of the trading world to their advantage. Whether you're a newbie looking to grasp the basics or an experienced trader aiming to refine your strategies, our educational resources cater to all levels.
Our Research and Education center stands as a testament to our unwavering commitment to providing our clients with a competitive edge in the markets. We believe that an informed trader is an empowered one, and we are dedicated to equipping our clients with the tools, insights, and knowledge they need to thrive.
Account Types Micro Account, Standard Account, XM Zero Accounts
Available Assets At XM, traders are presented with a diverse and rich portfolio of assets tailored to cater to varied trading preferences and strategies. Whether you're a novice trader just starting out or a seasoned pro seeking diversification, XM has a robust offering that ensures every trader finds their niche. Here's a detailed look at the tradeable assets available:
- Forex Trading: Dive into the world's most liquid market with XM. With access to major, minor, and exotic currency pairs, Forex trading offers unparalleled opportunities to profit from the constantly shifting currency values on the global stage.
- Stocks CFDs: Gain exposure to some of the world's leading corporations without owning the underlying asset. With Contract for Differences (CFDs) on stocks, traders can speculate on the price movements of top-performing companies, benefitting from both rising and falling markets.
- Commodities CFDs: From age-old commodities like gold and silver to modern-day essentials like oil, XM's commodities CFDs allow traders to diversify their portfolio and hedge against market volatility.
- Equity Indices CFDs: For those looking to broaden their investment horizon, equity indices CFDs offer a chance to speculate on the overall direction of a country's stock market, covering a wide range of sectors and industries.
- Precious Metals CFDs: With an enduring appeal as a store of value, precious metals like gold, silver, platinum, and palladium offer both short-term trading opportunities and long-term investment potential. Through XM, traders can tap into the lucrative world of precious metals without the need for physical ownership.
- Energies CFDs: In today's fast-evolving energy landscape, XM offers CFDs on crucial energy sources like crude oil, natural gas, and more. These energy assets can act as a hedge against geopolitical risks and offer ample trading opportunities given their volatile price movements.
XM's comprehensive suite of tradeable assets ensures that every trader, regardless of their risk appetite or strategy, can find an asset class that resonates with their trading goals. It's not just about trading; it's about creating a diversified and balanced portfolio tailored to the unique aspirations of each trader.
Currencies Stepping into the dynamic world of Forex trading with XM offers a plethora of advantages, tailored to both novices and seasoned traders. Here's a deep dive into what sets XM apart in this competitive marketplace:
- Diverse Currency Pairs: XM boasts a rich portfolio of over 50 currency pairs, encompassing majors, crosses, and exotics. This extensive range empowers traders with an array of options, catering to different risk appetites and strategies.
- Continuous Trading Window: The Forex market, known for its round-the-clock operations, allows trading 24 hours a day, 5 days a week. This flexibility ensures that traders can respond swiftly to global economic trends and geopolitical events, optimizing their trading decisions.
- Multifaceted Trading Platforms: XM stands out by offering an impressive suite of 10 diverse trading platforms. This means traders can choose a platform that best aligns with their trading style, ensuring a seamless and tailored trading experience.
- Liquidity Like No Other: Forex is celebrated as the most liquid market globally, presenting abundant opportunities for traders to capitalize on minute price fluctuations.
- Competitive Pricing Structure: XM prides itself on offering tight spreads. This, combined with their steadfast "NO re-quotes" policy, ensures that traders receive fair and transparent pricing. Moreover, the commitment to zero hidden charges underscores XM's dedication to transparency and building trust with its clientele.
- A Glimpse into Forex's Evolution: While many recognize Forex trading as a modern financial venture, its roots trace back to pivotal historical events. The current floating rates system, which underpins the contemporary Forex landscape, emerged post-World War II. This replaced the Bretton Woods Agreement, where currencies' exchange rates were anchored to gold reserves held by the respective countries. This evolution from gold-backed currencies to the current decentralized market underscores the dynamic nature of global finance.
- An Empowering Trading Experience with XM: Engaging with a reputable broker like XM translates to real-time access to the pulse of the Forex market. Traders are equipped with real-time pricing, ensuring they're always in the loop with market fluctuations. Moreover, XM's platform places the reins in the trader's hands, allowing them to set their buy and sell prices. This autonomy, coupled with the ability to execute transactions at will, makes for a truly empowered trading journey.
In essence, Forex trading with XM isn't just about currency exchange; it's an immersive experience that offers traders a front-row seat to the world's economic stage, complete with the tools and flexibility to thrive.
Precious Metals Delving deep into the intricacies of the global commodities market, one can identify gold trading, along with other precious metals such as silver, platinum, and palladium, as quintessential players. These, coupled with other hard commodities like crude oil, copper, and petroleum, form the backbone of the commodities realm. But what makes them so pivotal in this vast market landscape?
- A Spectrum of Trading Instruments: Precious metals, due to their intrinsic value, stability, and historic significance, have given rise to various trading instruments. These include futures, spot prices, forwards, and options, each offering traders distinct advantages and levels of risk. Such instruments enable investors to speculate on price movements without necessarily owning the physical commodity.
- The Role of Futures Exchanges: Acting as the grand stage for these trades is the futures exchange, a specialized marketplace dedicated to facilitating the negotiation of futures contracts. It's through this conduit that the magic of commodity trading unfolds, linking buyers and sellers from across the globe.
- Global Reach with Regional Powerhouses: Although around 50 significant commodity markets span the globe, the precious metals segment is particularly notable. Gold, silver, platinum, and palladium reign supreme, primarily due to their unparalleled economic significance and enduring physical properties. Asia, with giants like China, India, and Singapore, is the epicenter of precious metals consumption. However, when we shift our gaze to the corporate world of commodities, European and American entities dominate, while the most influential precious metals conglomerates find their homes in Canada and Germany.
- The 24-Hour Trading Cycle: In the fast-paced world of commodities, the futures exchanges market operates almost incessantly, shutting only during weekends. Here, a myriad of assets, including currencies, stock indices, and, of course, precious metals, are actively traded, reflecting global economic trends and sentiments.
- Spot versus Futures - The Dual Modalities: At the heart of precious metal trading lie two primary methods: spot contracts and futures contracts. Spot contracts are straightforward, involving the immediate purchase or sale of the commodity with prompt payment and delivery. In contrast, futures contracts are a dance of agreement, where both parties settle on standardized terms to buy or sell a specified quantity of the precious metal at a predetermined price. These transactions occur without the tangible transfer of the metal, with most modern dealings happening seamlessly online.
In summation, the world of gold and precious metal trading is a dynamic ecosystem, bustling with opportunities and complexities. For the astute investor, understanding its myriad facets can open the doors to lucrative opportunities and a deeper appreciation of global economic interplay.
Commodities The global financial landscape is vast and varied, offering investors a plethora of avenues to grow their capital. One such avenue, often underestimated, is the vibrant world of commodity markets. These markets have a rich tapestry, intertwined with the historical fabric of trade and commerce, offering both novice and seasoned retail traders worldwide a treasure trove of investment possibilities.
- The Timeless Appeal of Soft Commodities: Commodities like sugar, wheat, and corn, have been at the heart of trade for centuries. These soft commodities, essential to human sustenance and well-being, have always been in demand, making them relatively stable investments. Their consistent requirement across cultures and civilizations bestows upon them a kind of resistance to volatile market swings, making them a preferred choice for many.
- Diversification and Risk Management: One of the cardinal rules of astute investing is diversification, and commodities are a perfect fit for this strategy. By diversifying a portfolio with commodities, an investor can potentially counterbalance losses in one asset class with gains in another, thereby mitigating overall risk. The inherent stability of certain commodities makes them a go-to for those looking to anchor their portfolios amidst more volatile investment waters.
- Contract-based Tradable Goods - The Shield Against Uncertainty: Investing in contract-based tradable goods offers a unique shield against the unpredictable whims of the financial markets. These contracts act as a bulwark, safeguarding both the buyer and the seller from extreme price swings. In times of inflation or economic upheavals, when uncertainty looms large, these contracts become the bedrock of risk mitigation. They provide both parties with a sense of security, ensuring that drastic price movements don't result in disproportionate losses.
In conclusion, the commodity markets, with their historical relevance and inherent stability, present a compelling argument for inclusion in any investor's portfolio. In a world riddled with financial unpredictabilities, commodities offer a semblance of balance, ensuring that one's investment journey, though adventurous, is never without its safety nets.
Stocks When you choose XM for stock trading, you're stepping into a realm of unparalleled advantages that make your trading journey not just effective but also enlightening:
- Economical Direct Access to Global Markets: At XM, we pride ourselves on offering an efficient and cost-effective gateway to the global equity markets. This direct access ensures that you can make the most of your investments without the overheads of middlemen.
- Tap into the Pulse of Global Economies: With XM, you're not just trading stocks; you're getting a front-row seat to the dynamics of global economies. Our platform provides real-time insights and trends, ensuring you're always in the know.
- Expertly Navigate Market Waves: Be it a bullish uptrend or a bearish downtrend, XM equips you with the tools and knowledge to speculate with precision. This allows you to optimize your strategies irrespective of the market's direction.
- Flexible Trading Strategies with Short/Long Positions: Markets are unpredictable, but your strategies don't have to be. At XM, you can go short or long based on your market analysis, allowing for versatile trading strategies that adapt according to market movements.
In essence, when you embark on your stock trading journey with XM, you're backed by a platform that is committed to providing a holistic, flexible, and insightful trading experience. It's not just about transactions; it's about transformative trading.
Indices CFDs (Contract for Difference) on Cash Indices have an important relationship with dividends. Here's a comprehensive explanation to help you navigate this connection. The Essence of Dividend Payments: When a company that's part of an index distributes dividends to its shareholders, it's essentially distributing a part of its value. Consequently, the value of the company takes a dip by the amount of the dividend. How This Impacts the Index: On the ex-dividend date – the day when the shareholders are decided who'll receive the dividends – this reduced value of the company is mirrored in its share price. Additionally, the overall value of the index is adjusted based on the weighting of that specific stock within the index.
The Role of Dividend Adjustments: To neutralize the impact of this reduced value on trading positions, dividend adjustments come into play. If a client holds a position on the index at 00:00 in the GMT+2 time zone (please note that Daylight Saving Time may alter this timing) on the ex-dividend date, their account will be subjected to these adjustments. It's crucial to be aware that these adjustments are executed before the market opens on the ex-dividend date. You can refer to the market hours mentioned above for more clarity.
Exceptions to the Rule:
- Germany40 (GER40Cash) Index: This particular index offers a unique case. CFDs on Germany40 aren't affected by dividend adjustments. Why? Because when the companies within this index distribute dividends, those amounts are directly reinvested into the index. As a result, the index doesn't see the typical decrease in value that others might experience due to a constituent company paying out dividends.
- CFDs on Future Indices: Another exemption from the dividend adjustments is the CFDs on Future Indices. They remain untouched by the nuances of dividend payouts.
In essence, understanding dividend adjustments is crucial for traders dealing with CFDs on Cash Indices. Being aware of the adjustments and the few exceptions can help in making more informed trading decisions.
VPS Our free VPS (Virtual Private Server) services are specifically designed to enhance your trading experience. Dive into the markets with confidence, knowing that each trade is being executed seamlessly.
- No More Downtime Worries: The unpredictable nature of trading requires a consistent and reliable platform. Our VPS services promise zero downtime, ensuring that you never miss out on potential market opportunities.
- Perfect Harmony with Expert Advisors (EAs): For those who rely on Expert Advisors for algorithmic trading strategies, our VPS offers an optimized environment. Experience smoother, more efficient automated trading without any hitches.
- Supercharged Trading Speed: In the split-second world of trading, every millisecond counts. Our VPS enhances the execution speed of your trades, ensuring that you get in and out of the market at the precise moments you intend to.
- Unparalleled Accessibility: Whether you're on a business trip, vacation, or simply away from your primary trading device, our VPS ensures you have access to your trading platform from any corner of the globe. All you need is an internet connection.
- Always On, Always Ready: Trade markets that never sleep with a VPS service that mirrors that relentlessness. Online 24/7, our servers ensure you're always in tune with global markets, day or night.
In essence, our complimentary VPS services are not just about facilitating trades; they're about elevating your entire trading experience, providing the reliability, speed, and flexibility that modern traders demand.
Trading signals Drawing from over two decades of intensive experience in the financial markets, Avramis Despotis has meticulously crafted a set of exclusive technical indicators. These aren't your run-of-the-mill tools; they are a culmination of years of market insights and trading expertise.
- Tailored for Our VIP Education Package Subscribers: Recognizing the need for an elite set of tools for our most dedicated learners, these indicators are exclusively available to those subscribed to our VIP Education Package. This ensures that our VIP members have a competitive edge, equipped with the very best in technical analysis.
- Seamless Integration with MT4 and MT5: Whether you're an avid user of MetaTrader 4 or have transitioned to MetaTrader 5, Avramis' technical indicators effortlessly integrate with both. This ensures that regardless of your platform preference, these powerful tools are at your fingertips, enhancing your trading experience.
- Algorithmic Technical Analysis at Its Finest: In the fast-paced world of trading, relying on manual technical analysis can sometimes be cumbersome. That’s where algorithmic analysis comes in. These indicators leverage advanced algorithms to sift through market noise, pinpointing potential opportunities with greater accuracy.
- Precision Tools for Astute Investment Decisions: In the realm of trading and investment, the difference between success and failure often lies in the accuracy of decisions made. Avramis Despotis’ indicators aren't just tools; they are compasses, guiding traders towards more precise and informed investment choices.
In a nutshell, by harnessing the power of these exclusive technical indicators, traders elevate their market strategies, navigating the tumultuous waters of financial markets with enhanced clarity and confidence.
Account currencies EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR
Payment Methods Multiple Local Payment Methods Available
Affiliate Program When you align with XM Partners, you aren't just getting a simple partner account – you're unlocking a suite of premium services designed to empower your trading journey and provide unmatched support.
- Personal Account Managers: Our dedicated team of account managers is committed to offering tailored guidance and support, ensuring that your trading needs are met promptly and professionally.
- Punctual Weekly Payments: Bid adieu to waiting! We value your time and commitment. With our consistent weekly payout schedule, you'll receive your dues on time, every week.
- Zero Setup Fees: Kickstart your trading journey without the burden of additional costs. Our onboarding process is entirely free, ensuring a seamless start to your partnership with us.
- Unlimited Earning Potential: We believe in rewarding hard work and dedication. That's why we have no cap on the total commissions you can earn. The sky's the limit!
- Timely Transactions, Always: We take pride in our punctuality. With XM Partners, rest assured that your payments will be processed promptly – no delays, no excuses.
- Materials in a Multitude of Languages: To cater to our diverse global clientele, we offer materials in over 25 languages. This ensures that language is never a barrier in your trading journey.
- Real-Time Reporting: Stay updated with instantaneous access to all the vital metrics. Our real-time reporting mechanism ensures you're always in the loop.
- Comprehensive Statistics: Dive deep into your performance metrics. Our detailed statistics offer insights that can help fine-tune your trading strategies and maximize your returns.
- Around-the-Clock Assistance: Trading questions or technical hiccups? Our 24/5 live help is ready to assist you anytime, ensuring a smooth and efficient trading experience.
In a nutshell, with XM Partners, you're not just getting an account; you're accessing a world of unparalleled support and tools designed to propel your trading endeavors to new heights.
First Deposit Bonus Yes
Commissions Navigating the world of trading can sometimes be marred by unforeseen expenses. That’s where our commitment to transparency and convenience shines through. At XM, we prioritize your financial experience by eliminating extra burdens.
- Zero Fees on Deposits & Withdrawals: We believe in simplifying your trading journey. To that end, we've completely removed any transfer fees. Whether you're depositing into your account or withdrawing your hard-earned profits, the process is smooth, straightforward, and devoid of any hidden charges.
- E-Wallets & Credit Cards – Fully Covered: We understand the popularity and convenience of e-wallets and credit cards for transactions. Hence, we've ensured that all major e-wallets and credit cards are 100% covered. This means you won't be charged any extra fees, regardless of which platform you choose for your transactions.
- Wire Transfers Simplified: If you're someone who prefers wire transfers for significant transactions, we've got good news. Any wire transfer above 200 USD is fully covered by us. So, you can move larger sums with ease, knowing there won't be any additional charges eating into your funds.
- Instant Account Funding: Time is of the essence in the world of trading. Recognizing that, we've streamlined our processes to offer instant account funding. As soon as you initiate a deposit, your trading account reflects the amount, ensuring you can seize market opportunities without delay.
- Commitment to Transparency: Our policy is straightforward – no hidden fees, no surprise commissions. Every transaction you make with us is transparent, ensuring trust and clarity.
In conclusion, our aim at XM is to ensure your focus remains on trading and strategy, while we handle the logistics and ensure a frictionless financial journey for you.
Languages support in 29 languages: Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Broker Type Broker
Minimum Lot Size: 0.01
Mini Account, $: 5
Digits After Dot 5
24/5 Trading
Demo account
Daily Analytics
Swaps
Hedging
Scalping
Mobile Trading
Automated Trading
Minus Protection
Promotions
XM stands out as a broker that melds quality service with a vast range of offerings. While there are areas where they could refine their services further, like slightly tighter spreads on exotics, they have been consistent in delivering a quality trading experience. Their focus on education and customer support makes them a favorable choice, especially for traders keen on continuous learning and growth.