Broker XM Global

With over 10 million customers globally, XM has become the go-to platform for forex trading, stock trading and trading other financial instruments such as commodities, metals and energies. In this article, we’ll give you everything you need to know to get started with XM.

XM Currency trading: Overview

XM, founded in 2009, is an internationally recognised online broker specialising in currency trading. The platform is known for its user-friendly interface, reliable services and a wide range of tools and resources for traders from all over the world.

XM offers users the ability to trade on well-known platforms such as MetaTrader 4 and MetaTrader 5, with a variety of account options including Micro, Standard, Ultra Low, and XM Zero accounts. Additionally, there is an Islamic Account option available for each account type.

For funding and cashing out, the broker provides several methods, like credit cards, wire transfers, and electronic wallets.

XM Broker Review:

Forex tradingpoint rating: 4,5

Regulation and Security: XM is strictly regulated by the industry’s leading regulators such as CySEC and ASIC, which is safe for you as a trader.

Currency Pairs and Versatility: XM offers a wide range of currency pairs, allowing you to diversify your portfolio and adapt it to changing market conditions.

User-friendly trading platforms: With over 10 different platforms, users can easily analyse the market, execute transactions and track their investments.

Educational resources: XM offers a variety of educational materials such as webinars, e-books and videos to help traders of all levels. Plus, you can practice on a demo account which is a great option for beginners who don’t want to invest real money from the start.

Technical Analysis and Tools: Traders get access to advanced technical analysis tools that help in identification of market trends and decision making.

Customer Service: With support in over 30 languages, XM offers a personalised and efficient customer service.

Minimum deposit 5€

Easy to get started

Support 24/7

Helpful XM Support agents are always available

Mobile App

Trade on the go with the No.1 Trading App

XM Account types

XM offers a variety of account types to cater to traders with different needs and preferences. Here’s a breakdown of the key differences between the three main account types:

Micro Account
Ideal for: Beginners and those with limited capital.
Lot size: Smaller lot sizes, suitable for smaller trades.
Spreads: Wider spreads compared to other account types.
Minimum trading volume: Lower minimum trading volume requirements.
Minimum deposit: USD 5.

Standard Account
Ideal for: Intermediate and advanced traders.
Lot size: Standard lot sizes, suitable for various trading strategies.
Spreads: Competitive spreads compared to the Micro Account.
Minimum trading volume: Slightly higher than the Micro Account.
Minimum deposit: USD 5.

XM Zero Account (Ultra-Low Spreads)
Ideal for: Professional traders seeking the tightest spreads.
Lot size: Standard lot sizes.
Spreads: Ultra-low spreads, making it suitable for scalping and high-frequency trading.
Minimum trading volume: Higher minimum trading volume requirements.
Minimum deposit: USD 50.

Choosing the right account

The best account type for you depends on your trading style, experience level, and risk tolerance. Consider the following factors when making your decision:
Trading style: If you’re a beginner or have limited capital, the Micro Account might be a good starting point. If you’re an experienced trader seeking the tightest spreads, the XM Zero Account is a great option.

Risk tolerance: Be mindful of the risks associated with each account type, especially the higher minimum trading volume requirements for the XM Zero Account.

Trading goals: Determine your short-term and long-term trading goals and choose an account that aligns with your objectives.
Base Currency

XM offers a variety of base currencies for your trading account, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, and ZAR. While you can open an account with any of these currencies as the base, it’s important to choose the correct one before trading, as changing it later could create issues.

XM Broker – Registration

First off, thanks to its long experience and multilingual support, XM is an ideal partner for traders all over the world. In addition, they have strong regulation and a wide range of trading opportunities. All in all, XM gives you everything you need for a safe and efficient trading experience. Finally, with a vast array of educational resources, XM positions itself as a trusted partner to help you achieve your trading goals. So why wait? Start your successful journey in forex trading by making XM your trading partner today.

Open xm account

Also read: How to open XM account, step-by-step