Before you start a venture in online trading, it’s in your best interest about different vendors. There are many online platforms claiming to bid the best offer, but to make sure you get the best of all, you need to research a little bit.
Search for a few top-rated brokers and see what their reviews have to say. Speaking of which, we are reviewing XM and see whether it’s good enough or not.
XM Company Overview
XM was established back in 2009, and since then its user base expanded to more than 700,000 people today. XM went on to establish itself as a trustworthy investment firm and became an industry leader. The Company Headquarters is in Cyprus while there are representative offices all over Europe. The company currently employs more than 180 experts who have years of experience serving the financial industry under their belt. The XM introduced up to 25 secured payment methods its traders across 196 countries.
XM Customer Support Information
XM boasts the best customer support. The 24/7 customer chat support is obvious. Other than that, it offers a 24-hour hotline available in most countries. Moreover, to assure its high standards, the company has made sure the support is available in 20 different languages. There is also an official email representative to help out the users.
XM Trading Account Information
XM Bonus offers three different accounts, Micro, Standard and XM Zero (Premium Account). The base currency for all accounts is same, USD, EUR, JPY, AUD, HUF, PLN, RUB, SGD, and ZAR, except for XM Zero, it only accepts USD, EUR, and JPY. The leverage is same; minimum is 1:1 to 1:888 and the maximum is 1:1 to 1:100. The contract size starts from 1 lot- 1000 to 1 lot 100,000. The minimum deposit for Micro and Standard is $5 while its $100 for XM Zero.
XM Trading Features
XM has some market leading features. First, there is no commission or fee for the trades made by customers. The maximum leverage is given on the website; it’s 888:1. The maximum trade that is possible on this leverage is $1000. There are also a few other features including scalping, hedging and auto signals. There are numerous assets, available in stocks and foreign currency.
XM Trading Software
XM offers a wide array of trading platforms all based on MT4. These platforms are designed while keeping the needs of Users in mind, though it’s a computer, tablet or smartphone. The traders will have no problem while using XM on their iPhone and Android. Also, it’s compatible with both Windows and Mac. Trade while on the go whether you use it on iPad or an Android Tablet.
XM Bonus System
XM offers a different deposit bonus. There is even a welcome bonus of $30 (Forex No Deposit Bonus). It doubles on the first deposit. There is a loyal customer program designed for regular clients and offers many accommodations. The XM offers free VPS services all day around. It also offers a free month Forex contest where users can bag up to $20,000.