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Established in 2009, the company is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (IFSC), and holds client funds separately from its own.
It offers more than 1,000 financial instruments, including Forex, Stocks, Commodities, Indices, Metals and Energy CFDs on the globally-recognized platforms MetaTrader 4 and MetaTrader 5.
XM offers three types of trading accounts: Micro, Standard, and XM Zero, all of which have low spreads starting at just 1 pip. Minimum deposits are as low as $5, and Islamic accounts are swap-free. Live chat, email, and telephone support are available from 5am to 7pm GMT.
Users at all levels will appreciate the extensive research and education section on the website. Research is provided by the broker’s Market Overview, XM Research, Trade Ideas, XM TV, Podcasts, and Technical Summaries sections. Education programs offered by the company include Forex Webinars, Seminars, Platform Tutorials, and Educational Videos.