XM is a marketing-leading forex broker with an excellent reputation. It has a large client base and offers its services to traders in over 196 countries, including Nigeria. XM is well-known for its great account options, excellent trading conditions, and fast trade execution. It’s also popular for its helpful educational resources and excellent customer support.
XM is a regulated forex broker. It is licensed by ASIC, by CySEC, and by the DFSA. XM is also registered with the FCA in the UK and many major EU regulators.
XM has two trading platforms. These are MT4 and MT5. They are available on PC, Mac, mobile, and tablets. There are also web versions. The trading conditions you get on the platform will depend on which account you choose.
XM offers trading on 1000+ financial instruments. You can choose from currency pairs, commodities, indices, stocks, metals, and energies.
The broker has three main account types. These are the Micro Account, the Standard Account, and the XM Zero Account.
From 0.9 pips
From 0.9 pips
From 0.9 pips
1.0 per 100k
The minimum deposit ranges from $5 to $100, depending on which account type you choose.
Deposits and Withdrawals
XM offers several payment methods including credit cards, Skrill, Neteller, and bank transfers. Withdrawal requests are processed within 24 hours.
XM follows all industry recommendations for client fund security, It keeps client funds in segregated accounts, in tier-one banking institutions. It also ensures that client funds can’t be used either by XM for its own purposes.
XM offers six technical indicators. They are only available with a VIP account.
XM offers free access to its fundamental and technical analysis. It also provides free video tutorials, free forex webinars, free trading signals, and free market outlook.
Extra Trading Services
XM offers a trading signals service in partnership with MQL5. It also offers a VPS service for $30 per month if you have less than $5000 in your account.
XM has won many industry awards including best trading experience, best forex provider, and best customer service. It has also won awards for it market research, its educational resources, and its high level of trading support.
To open an account you need to provide XM with certain documents. You need to give them a colour copy of a valid passport or another official identification document issued by authorities (e.g. driver’s license, identity card, etc). You also need to give them a copy of a recent utility bill (e.g. an electricity bill or a bank account statement) dated within the last 6 months.
XM Customer Support
XM has a great customer support team. You can contact them via phone, email or live chat.
XM is a reputable, regulated forex broker. It offers excellent trading services to its clients. It also offers great educational resources, helpful market analysis, and useful trading tools.