Review of XM Brokers: Pros and Cons
Trade Forex with Ultra Low Spreads
(75.33% of retail CFD accounts lose money)
Why XM Stands Out
Explore the world of trading with XM, a leading global forex and CFD broker trusted by traders worldwide and regulated by Australia’s ASIC, CySEC of Cyprus, and the Belize authority IFSC.
Enjoy competitive advantages with XM, including low stock CFD and withdrawal fees, along with a seamless account opening process that’s both user-friendly and lightning-fast. Dive into our extensive educational resources, from interactive webinars to hands-on demo accounts, designed to empower traders of all levels.
While XM specializes in CFDs and forex trading, offering a diverse range of assets, it’s worth noting that its fees for forex and stock index CFDs are on par with industry averages.
| Pros * Offers over 1,400 CFDs, including 55 forex pairs. * Trading Central’s tools and content complement XM Group’s in-house research offering. * The XM Shares account requires a $10,000 deposit if you want exchange-traded securities (non-CFD). * XM’s excellent research content, including daily videos, podcasts, and organized articles, helped it earn Best in Class honors for Research in our 2024 Annual Awards. * XM Group’s in-house broadcasting features TV-quality video content and live recordings in nine languages. * Comprehensive selection of educational webinars, articles, and Tradepedia courses. * Offers the full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm. * Offers guaranteed fills for market, stop-loss, and limit orders on trades up to 50 lots (5 million units of currency). * XM has serviced over 10 million clients since its inception, executing over 2.4 billion trades since 2009. | Cons * Standard account spreads are expensive compared to some of the best forex brokers. * Average spreads are not published for the commission-based XM Zero account. * Though MetaTrader is available, XM Group doesn’t offer any proprietary trading platforms. |
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
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