Looking for a Broker With Some Interesting Offers? Read our XM Forex Broker Review
There are a number of reasons you should consider XM as your Forex broker. If their website claims are anything to go by, it’s pretty certain you’re not going to be disappointed. On offer are:
.100% BonusRegulation: CySEC, FCA, BaFin
Overall Forex ScoreA GradeOther Rating Criterias
Why Choose XM Forex?1mil ChampionshipXM Zero AccountDaily WebinarsTrade Now!
- No requotes/rejections
- Leverage up to 888:1
- Up to $5000 XM Forex broker bonus
- Round the clock support
- Zero fees
- MT4 trading
- 8 platforms including XM Forex mobile trading app
- Licensed and regulated by CySEC, FCA, BaFin, CNMV
If that’s not reason enough to consider XM keep reading and we’ll go into more detail with our XM Forex review.
A little bit of background information
We always like to start our Forex reviews with a little bit of background information. It’s good to know where a particular broker is based and whether it operates under its own name or is part of a bigger enterprise. XM is actually the trading name of Trading Point of Financial Instruments, which has its licensed address in Limassol, Cyprus. By virtue of its license, which was issued by CySEC, it is authorized to offer various services in countries in the EU and further afield. Founded in 2009, it has expanded its operations and now boasts more that 700,000 clients from 196 countries.
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XM Forex Homepage
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Promotions at XM
What is there in the way of an XM Forex broker bonus?
XM is currently running a $30 no deposit bonus offer, which is a great way to start trading without having to risk any real money. Even better, there are no hidden terms, it is automatically credited to a trading account, and all profits earned are available for withdrawal. There are no trading conditions attached to this attractive bonus, unlike many other Forex broker bonuses. However, you do have to complete the account validation process in order to make your claim.
Other XM promotions include:
- 100% bonus up to $5,000 – This is a limited time offer and requires Executive level entry to the XM Loyalty Program
- The $1,000,000 Forex World Championship – 100% free to participate, 12 rounds with $1,000,000 in withdrawable prizes
- XM Loyalty Program – Endless cash rewards and credit bonuses
- Free VPS
- 0% fees on deposits and withdrawals – Includes all e-wallets and major credit cards
XM offers a great range of MT4 trading platforms
XM has chosen stick with a very familiar trading platform in the shape of MetaTrader 4. It is available to suit a range of different trading styles and devices. For those who prefer to trade when on the move, there is a great range of XM Forex mobile trading apps compatible with iPhones, iPads, smartphones, tablets and other Android devices. There are also MT4 versions for PC, MAC, along with MT4 Multiterminal and MT4 WebTrader. XM also has its own unique trading platform that allows traders to compete against each other in order to win some great prizes.
Open an XM account with just a $5 deposit
New traders can get on board and enjoy the XM Forex trading experience with a minimum deposit of just $5. A Micro account is great for beginners, but those with a little more experience might be better opening a Standard account. The XM Zero account has a slightly larger minimum deposit of $100 with spreads on all major currency pairs as low as 0 pips but with a commission charge instead. For those of you who would prefer a spot of practice before investing real money, there is also a demo account that will hand over $100,000 in virtual trading cash.
XM offers a range of different payment methods including major credit and debit cards, Neteller, Skrill, WebMoney, bank wire and local bank transfers.
Round the clock customer support 5 days a week
If you find yourself in need of a little help there will be no problem if you choose XM as the customer service is outstanding. Available 24 hours a day, 5 days a week you can contact them by telephone, live chat or email. Both real and demo account holders also have access to multilingual personal account managers.
XM offers both new and experienced a wealth of educational material, in a range of different languages. 5 days a week, with the help of 20 instructors offering webinars in 14 different languages, there are great opportunities for brushing up on trading skills as well as learning new ones. We took a look at what was currently on offer when writing this XM Forex review and found we could learn about trend reversals, major continuation patterns, momentum indicators/oscillators, ADX and Parabolic SAR, Japanese Candlestick patterns and a whole lot more. There are also a number of seminars organized in various locations around the world including Cairo, Rome, Bologna, Kuala Lumpur, and Qingdao.
We spent quite a while looking over the various options available with XM and it soon became apparent why this Forex broker has gained such a following. With so many clients from a range of different countries, it is obvious they are offering just the right mix of things. We encountered no problems while using the site and really enjoyed the experience. What did we find most appealing?
- 24/5 customer support
- No commission
- Leverage up to 888:1
- Tight spreads
- Automated trading
- Personal account managers
- Good range of trading tools
- Personal account managers
A great place to start if you like the sound of XM is by opening a demo account. Try this broker out for free and then open a real trading account and take advantage of the $30 no deposit bonus. Once you’ve done this we’re pretty certain you’ll be ready to start trading with your own money.
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