XM.com Forex Broker Review 2019

XM.com trading floor is rated as one of the most famous Forex brokers in the world today thanks to the marketing campaigns and aggressive advertising.

In it, XM.com is the main sponsor for Usain Bolt , the legendary athlete , or Myfxbook.com , a large website on the foreign exchange market.

Information on the homepage https://www.

Only known and traded on XM floor over a period of more than 2 years, but I highly appreciate the quality of service and transaction costs are extremely good of XM.com.

What do you wonder about XM.com trading platform?

This article will give you all the details. Let's start.

1. About XM.com trading platform

XM.com was founded in 2009 and is based in Limassol, Cyprus. They also have international offices in places like London, Athens or Sydney.

In just 10 years, with its construction and development strategies, XM.com has become one of the largest Forex trading floors in the world with extremely impressive numbers:

• XM.com currently serves more than 2.5 million customers from 196 countries.

• Over 1.4 billion transactions have been made without requote or refusal.

• The average daily trading volume is about $ 15 billion.

• There are partnerships in more than 120 cities around the World.

• XM.com official website has about 5 million hits per month.

You can view this information on XM: https://www./about's introduction page

Does XM.com floor have fraud or not? Is XM a reliable broker? Based on which basis to put confidence in XM?

Let's countinue.

2. Operational certificates and insurance for investors of XM.com trading floor

Not only with XM.com, but for any Forex brokerage floor, being managed by the most trusted financial institutions in the world is always an extremely important factor to evaluate. Their reputation level.

Currently, XM is the trade name of Trading Point Holdings Ltd, which is the owner of subsidiaries located in many countries as follows:

1. Trading Point of Financial Instruments UK Ltd (XM UK) 

2. Trading Point of Financial Instruments Pty Ltd (XM Australia) 

3. XM Global Limited (XM Global) 

4. Trading Point of Financial Instruments Ltd (XM Cyprus)

Inside:

Trading Point of Financial Instruments UK Ltd (XM UK) is authorized and managed in the United Kingdom by the Financial Management Authority (FCA) .

Trading Point of Financial Instruments Pty Ltd (XM Australia) is licensed with Australian financial services by the Australian Securities and Investment Commission (ASIC) .

XM Global Limited (XM Global) is regulated by the International Financial Services Commission (IFSC) .

Trading Point of Financial Instruments Ltd (XM Cyprus) is regulated by the Cyprus Securities and Exchange Commission (CySEC) , and is registered by FCA .

These are the most trusted financial management agencies in the world. They all have strict rules and compel brokers such as XM to comply.

These regulators require XM.com to separate customer assets in separate accounts at leading financial institutions (Segregated Account mechanisms). Prevent XM from being entitled to use customer assets for other uses.

At the same time will be responsible for compensating customers according to regulations in case XM encounters events that cannot be paid (such as bankruptcy).

With the above conditions and my own experiences and assessments, I believe that you can completely trust the XM trading platform choice.

Want to open a Demo account to practice? 
YES, I WANT

3. Types of XM.com floor trading accounts

Currently, XM offers 3 main types of accounts for traders.

They are Micro, Standard accounts and XM Ultra Low accounts.

3.1. Micro account

This is essentially a type of account with a specified lot size smaller than a standard account, 1 lot = 1000 units. That is 1 lot for Micro account equivalent to 0.01 lot on standard account.

This type of account is suitable for you to practice skills and test trading systems.

In addition, Micro account is also extremely suitable for you to run EA testing right on the real market. You don't need to spend a lot of money to test the effectiveness of EA, so you don't have to take big risks.

3.2. Standard account

Similar to the standard account on other exchanges, 1 lot = 100,000 units.

XM floor allows the lowest deposit with this account type is $ 5. In my opinion, this is the lowest possible deposit level that a Forex trading platform provides for you.

Spread on standard accounts is only 1.0 pips. There are no commission fees and you are offered very high leverage 1: 888 (for accounts under $ 20,000).

This is a great advantage for professional Forex traders to use EA.

3.3. XM Ultra Low account

This is the type of account that community traders rated the most to be used by XM to compete with extremely low spread ECN accounts of other exchanges like  IC Markets .

See the article Reviewing details of IC Markets trading platform .

With XM Ultra Low accounts, you don't have to pay commission fees while Spread is only 0.6 pips.

You will still have a very high leverage of 1: 888 for an account under $ 20 000.

For accounts above $ 20,000, the maximum leverage that XM provides for you is from 1: 100 to 1: 200.

In general, XM Ultra Low accounts have extremely competitive costs and advantages in the Forex market.

I personally appreciate this type of account on XM.com, this is the right account for the followers of Scalping trading school.

3.4. Table of comparison parameters of overview of XM trading account types

In order for you to have a clearer view and distinction of the three types of accounts I just mentioned, look at the following comparison table (click on the image to see more):

In addition, XM offers customers attractive promotions such as giving $ 30 to all new customers, paying 100% rewards up to $ 5,000, loyalty programs ...

For full details of XM's attractive promotions. Please visit the address: https://www./vn/promotions

4. XM platform trading platform

Currently, Meta Trader 4 is still a popular trading platform and is considered to be the most friendly for traders, so most brokers provide this platform, of course XM is no exception.

XM provides users with various trading platforms, including MT4, MT5 and Web Trader.

In it, Meta Trader 4 (MT4) is still the most popular trading platform I recommend.

This platform fully supports such tools as Indicator, EA and advanced charts in the most intuitive, smooth and user-friendly way.

In addition, XM also provides MT4 MultiTeminal tool, making it easy to manage multiple accounts at once on a single interface.

5. Products are traded on XM.com

XM.com offers a wide range of trading products in many different areas, including:

• Forex : XM offers up to 57 currency pairs, with extremely high leverage up to 1: 888, spreads only from 0.6 pips and no commission fees for any type of account.

• CFD Securities : Traders can trade CFD securities with more than 300 companies worldwide.

• Commodities : 8 major commodity products such as Cafe, Wheat, Sugar, Wu and Cocoa.

• Equity indices : With about 30 products traded including cash and futures indices with all types of S&P 500, Nasdaq 100, Dow Jones, Nikkei 225, DAX and many other indicators .

• Metal : XM offers two metal products, Gold and Silver, traded with maximum leverage up to 1: 888 with spreads of only 0.3 pip for Gold.

• Energy (Energies) : 5 types of energy are traded, with spread only from 0.03 for Gas and only from 0.05 for Oil.

• Shares (Shares) : with 100 different types of stocks. In particular, the transaction fee for US stocks is $ 0.04 per share, minimum commission is $ 1. Transaction fees for UK and German securities are 0.1% / transaction, minimum commissions are $ 9 and $ 5 respectively.

• Electronic money (Crypto) : XM offers the 5 most popular electronic currencies, BTC, ETH, LTC, XRP and BCH. This is an extremely attractive investment option besides Forex, currently Crypto on XM is only available on MT5 software, with 1: 5 leverage, fixed swap for buy and sell orders respectively -25 and - 10 (deposit currency).

6. Customer care and support services

XM supports livechat to more than 30 languages, including Vietnamese. So traders in Vietnam are very easy to look up information or answer questions quickly.

Working time of Vietnam support team is from 9am to 4:30 pm from Monday to Friday.

After the phone test of customer support services of XM.com floor, with different support members, we highly appreciate the professionalism of the support team of this trading floor.

If you have any questions that require XM's support, please visit  https://www./vn/support 

7. Forms of deposit and withdrawal of XM.com floor

7.1. Recharge

Currently, XM offers 9 recharge ports for customers and these are very familiar and popular payment gateways. That is more than enough for our needs.

Most importantly, XM.com floor has allowed to recharge via Ngan Luong and Local Bank.

I encourage you to use these 2 payment gateways, instead of using Credit / Debit or Neteller and Skrill cards.

Because these are 2 payment gateways, you only have to pay a very low difference, less than 0.5%, almost negligible compared to the few% fee that you will incur when using a Visa card or when you need to change. Net and Skrill through these electronic wallet clues.

7.2. Withdrawal

Under anti-money laundering rules, when you deposit a port, you are only allowed to withdraw money through that port.

As above, I have the advice that you should use the Local Bank and Ngan Luong port of the XM trading platform, these are the two payment gateways that are considered to be the most convenient and cost-effective. With your advantages, you only need these 2 forms of payment.

With the exchange rate and withdrawal rate calculated according to the domestic exchange rate of Vietnam, you will normally lose only about 0.5% for the difference between deposit and withdrawal.

Conclude

XM after 10 years of establishment has an amazing growth rate, becoming one of the largest Forex brokers in the world.

With my own trading experiences and trading experience on XM.com for a long time, I really appreciate the speed of transactions and the services that XM offers.

With the licensing and management of trusted financial institutions and the awards that XM has achieved over the years, XM deserves to be a broker that you can trust.

You can be assured, because: 

· These are my personal judgments and assessments based on experience as well as trading experience on many different exchanges. 

· This is an extremely objective and sincere article and does not bring pr meaning to the trading floor.

If you want to register for a trading platform, XM.com is a great choice.

If you have any questions, don't hesitate. We are always happy to listen and answer your questions.

If you find this article useful, let us know, nothing is better than bringing information and knowledge to everyone and being recognized by everyone. It was a great encouragement for us.

See more Forex broker review:

IC Markets: https:///danh-gia-san-ic-markets/

Tickmill: https:///danh-gia-san-giao-dich-tickmill/

NordFX: https:///danh-gia-san-giao-dich-nordfx/