2A global CFD and FX broker established in 2009, Trading Point Holding is the parent business of the online broker XM.
Three financial regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission of Belize, oversee the worldwide availability of XM (FSC).
XM Group is a MetaTrader-only broker that offers an amazing assortment of high-quality educational resources and market research.
Nevertheless, XM falls short due to its limited pricing, selection of markets, and platform offering, none of which can match the top brokers in this industry.
Is XM a reliable broker?
About 1.5 million traders and investors choose broker proposals and services at XM; there are many sophisticated trading options that are still appropriate for new traders. Since XM strives to offer its clients one of the greatest user experiences in the market, we can therefore say that XM is a good broker with decent trading conditions and a solid reputation.
In general, all account opening, management, depositing/withdrawing, and trading procedures are clear-cut, easy, and transparent, as we will see in more detail in the XM review.
The major goal of the legislation is to limit the dangers of fraud and unfair use so that traders can trade safely. XM is a trustworthy broker since it runs its trading environment in accordance with the laws and regulations. According to xm reviews (xm opiniones), it is the best broker in Europe.
Additionally, client money is stored in investment-grade institutions using segregated accounts and are covered by the Investor Compensation Fund, which guarantees the recovery of funds up to €20,000 in the event that the broker becomes bankrupt (note that the coverage scheme depends on the particular entity).
Additionally, Negative Balance Protection is a benefit that traders receive, so there is no chance of losing more than their available balance.
Pros and Cons of XM
The primary advantages of XM as a broker are its excellent reputation, extensive selection of trading instruments, and numerous rules. Additionally, the platform is very accommodating to all kinds of traders, and XM has one of the lowest deposit requirements in the industry. We also found the CFD costs to be average.
With XM, an account can be opened regardless of trading experience or net capital with just $5. Additionally, XM supports webinars and research materials, allowing users to get involved and begin a career in trading.
However, as we’ve noted, XM only offers a small selection of products to clients in the European Union.
General XM Rating
XM is regarded as a trustworthy broker with good trading conditions suitable for a variety of traders, including European clients, and excellent service, making it suitable for beginners with high-quality education and one of the lowest deposit requirements overall. This is based on our expert findings and more than 10 years of experience in forex trading.
Based on our testing, XM earns a score of 9 out of 10 compared to 500 other brokers. To see how we stack up against other well-known and market-leading brokers, see our ranking below.
While providing extremely favourable terms and a variety of services that draw international traders, XM has successfully developed a strong emphasis on the interests of the Client. As the company has grown over time, so have its accolades; the corporation formerly very occasionally won awards.