XM Review

XM Overview

Founded 2009
Minimum Deposit £5
Platforms MT4 for PC, MT4 for Mac, MT4 Multiterminal, MT4 WebTrader, MT5 for PC, MT5 for Mac, MT5 WebTrader, MT4 for iPhone, MT4 for Android, MT5 for iPhone, MT5 for Android, MT4 for iPad, MT4 for Android, MT5 for iPad, MT5 for Android
Markets 300+
Spread on EUR/USD 0.8 pips
Banking Methods Credit Cards, Neteller, WebMoney, Skrill, Sofort Banking, iDeal, paysafecard, QIWI, CASHU, giropay, Przelewy24, fasapay, Perfect Money, Boleto, OXXO
Demo Account Unlimited
Regulated Financial Conduct Authority (UK), Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission
Customer Support Phone, Fax, Email, Live Chat
Website www.xm.com

 

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Pros

  • Various platforms available
  • £5 minimum deposit
  • Spreads as low as 0 pips
  • Regulated by CySEC, FCA and ASIC
  • Daily forex webinars
Cons

  • Doesn’t offer spread betting
  • Doesn’t support PayPal for deposits

 

XM currently doesn’t have spread betting. However, this multi-regulated brokerage still has a lot to offer if you are looking for an alternative way to trade on the financial markets. They have a variety of platforms where you can invest on a range of currency pairs and CFDs (contracts for difference) on a selection of instruments including commodities, equity indices, precious metals, stocks and energies with the most competitive spreads. You can trade without worrying that your orders will be rejected because they have no re-quotes execution. Overall, this brokerage is a good choice for trading forex and CFDs.

 

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