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XM Review

Why choose XM

Reliable customer support, educational tools, fast account opening, $15 one-off fee after 1 year, then $5 monthly

Pros

  • Low stock index CFD fees
  • great educational tools

Cons

  • Limited product portfolio
  • average forex and stock CFD fees
XM

XM

Fee Level:

Low

Inactivity Fee:

Low level

Index CFD Fee:

Low level

Investor Protection:

up to €20,000

Mobile Platform:

Yes

Visit XM

commission-free trading, with costs embedded within the spreads.

Pros

  • XM does not charge fees for deposits or withdrawals, making fund transfers cost-effective for traders.
  • XM is accessible to traders with varying capital levels.

Cons

  • High withdrawal fees for certain payment methods

XM adheres to stringent industry standards, providing a secure trading environment for its clients.

Pros

  • Negative balance protection, ensuring that clients cannot lose more than their initial investment.

Cons

  • The level of investor protection depends on the regulatory jurisdiction.

XM Broker provides multiple deposit and withdrawal methods, including credit/debit cards, bank wire transfers, and e-wallets like Skrill and Neteller.

Pros

  • Traders can fund their accounts without incurring additional costs.

Cons

  • Traders can fund their accounts without incurring additional costs.

XM offers a quick and user-friendly account registration process, requiring basic personal details, trading preferences, and ID verification.

Pros

  • Multiple account types (Micro, Standard, Ultra Low)

Cons

  • Multiple account types (Micro, Standard, Ultra Low)

M offers mobile trading through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms

Pros

  • The mobile platforms are well-designed and intuitive, making it easy for traders to navigate and execute trades.

Cons

  • The mobile platforms lack two-step authentication and do not support Touch/Face ID login, which may be a concern for security-conscious users.

XM's desktop trading experience is facilitated through the MetaTrader 4 and MetaTrader 5 platforms.

Pros

  • The platforms offer extensive charting tools and technical indicators, catering to traders who require in-depth market analysis.

Cons

  • The user interface may appear dated compared to more modern trading platforms.

XM provides access to a variety of financial instruments, including over 1,400 CFDs and 55 forex pairs.

What is the minimum deposit required to open an XM account?

XM requires a minimum deposit of just $5, making it accessible for traders with varying capital levels.

Does XM charge fees for deposits and withdrawals?

XM does not charge fees for most deposits and withdrawals. However, for bank wire withdrawals below $200, a fee applies.

What trading platforms does XM offer?

XM supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop and mobile trading.

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