XM is a forex broker that was established in Belize in 2009, with its headquarters located in Belize City. This broker primarily offers users CFD trading services in forex, cryptocurrencies, stock indices, Turbo stocks, commodities, securities indices, thematic indices, precious metals, energy, and more.
Corporate Background
XM is a broker providing trading services, with its registered entity being XM Global Limited, along with Trading Point of Financial Instruments Limited, both are companies under the Trading Point Group. Its headquarters are located in Belize. According to Whois information, XM's official website domain was registered on August 22, 2023.
Regulatory Information
XM Global Limited strictly follows the "Securities Act of 2021" and is authorized and regulated by the Belize Financial Services Commission (FSC) (license number: 000261/397); Trading Point of Financial Instruments Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license number: 120/10), and both are companies under the Trading Point Group.
Trading Products
XM offers a variety of trading products, including forex, cryptocurrencies, stock CFDs, Turbo stocks, commodities, securities indices, thematic indices, precious metals, energy, and other CFD trading services.
- Forex: Over 50 currency pairs, including all major currency pairs, cross currency pairs, and exotic pairs.
- Cryptocurrencies: Traders can use leverage up to 500:1, with extremely low spreads and no re-quotes.
- Stock CFDs: Cost-effective, integrated with global stock markets, with no commission on stock CFD trades.
- Turbo Stocks: Trade with 200:1 leverage and enjoy low spreads.
- Commodities: Traders can go short and profit from market drops without any trade commission fees.
- Securities Indices: Cost-effective, integrated with global stock markets, without additional fees.
- Thematic Indices: Invest in cutting-edge technology sectors, grasp the latest themes, trends, and concepts.
- Precious Metals: Trade gold and silver online without re-quotes.
- Energy: Oil CFDs with no overnight interest.
Trading Platforms
XM offers investors PC/MAC, smartphone, and tablet clients. Each client type provides MT4 and MT5 trading platforms for users to choose from, both platforms are known for advanced trading features and various analysis tools. MT4 offers a variety of trading indicators, expert advisors for automated trading, and extensive charting tools. MT5 adds more technical indicators, a wider range of order types, and an advanced built-in economic calendar to its predecessor.
Account Registration
The specific method for XM account registration is as follows:
First, open the XM official website and click "Create an Account" in the upper right corner of the homepage.
Then, complete the account registration by filling in the information (such as country of residence, email, password, etc.) as required.
Account Types
XM offers four types of accounts for traders to choose from: XM Ultra Low Micro, XM Ultra Low Standard, XM Zero, and Shares Account. These different account types meet the diverse trading needs of users, featuring micro or standard lot trading, as well as expert advisors trading functions. Users can select the account type according to their own trading requirements.
Customer Support
XM provides multiple channels for contact, including via email or web customer service. Traders can contact the customer support team at phone numbers +501 223-6696/+501 227-9421 for direct and immediate assistance. Investors can also send questions or requests to [email protected].
Summary
Registered in Belize, XM is regulated by the Belize Financial Services Commission (FSC). XM offers a variety of trading products, including forex, cryptocurrencies, stock CFDs, Turbo stocks, commodities, securities indices, thematic indices, precious metals, energy, and other CFD trading services. TraderKnows reminds investors that trading involves high risks which might result in the loss of their investment capital, and advises investors to cautiously consider their investment objectives and risk tolerance.
Currently, XM is marked as "Active" on TraderKnows.
