XM Broker Group review
31.07.2023 - 17:10
Online trading is a new reality of global financial world. Today, there are hundreds of options platforms and the task of a competent novice investor is to choose the best broker. XM broker was launched in 2009. Today, a number of clients of this trading platform already exceeds half a million users, and this number still increases.
XM features
The first requirement to any broker is presence of an up-to-date license that entitles company to operate with financial funds. Forex broker XM has got most of the world's most prestigious financial licenses. So, the company is licensed by such a well-known body as the Financial Authorities Commission of the Great Britain. Also, XM broker licenses issued by Cyprus and Australian Securities and Exchange Commissions.
At XM Forex platform, all the trades are conducted not only by experienced professionals, but also by novice investors. XM provides beginners with numerous training materials, so that a newcomer very soon becomes an expert. Also, broker allows you to test the platform first in a Demo format. Therefore, any trader can open an account here, but work without money. This is a great option for those who want to first master trading strategies and tools and only then switch to real financial investments.
Advantages of XM broker:
- A large number of different trading tools and access to all types of markets, including foreign currencies, metals, energy;
- The company's customers get an opportunity to trade at global markets: Apple, Microsoft, Uber, Facebook's and others;
- Leverage level of XM - from 1:1 to 1:888;
- Low min deposit - only $5.
XM broker offers beginners and experienced investors competitive trading conditions that will quickly lead each user to the first major income. Traders can use not only traditional world currencies for transactions, but also Bitcoin and other crypto currencies.
Spreads and commissions
The XM broker platform keeps pretty low level of spreads, which is only possible on modern online trading. Spread rates for major currencies are kept at around 0.6. Also, any client of the platform can count on narrow spreads for all types of transactions and accounts.
Features and pros of affiliate program according to XM review of clients:
- Up to $25 for every lot;
- 10% for the second level of referrals;
- Free withdrawal of financial funds to a Bank card or E-wallet by a customer request.
Commission costs for XM Broker users are zero fees for conducting transactions. These trading terms are perfect for any novice investor who is interested in optimal results and high profits. High order processing speed and low commission are the main advantages of this trading platform.
Customer reviews
To find out the true info about any financial platform, you need to ask those, who have been trading there for some time. There are a great number of XM review on Internet for now. https://forex-up.com/broker-reviews/xm-review/
dev 18.03.2019: "My friend Charles and I came to XM Broker through an affiliate program. Then we started making money by trading currency pairs. We were helped in this by the training programs that we continue to master, and we really like it. In the future, we plan to expand our horizons and start using other trading tools. There have never been any problems with withdrawing money. We are happy with the company. We wish you all a good and easy additional income!"
bobby2 16.10.2019: "I have been working with XM Broker for two months, slippages happen. The fairly quick response of the customer support team to the problems that arose leveled these risks, and I decided to continue working with XM. In addition, I often read reviews about other brokers, and here everything was not so bad) As a novice trader, I was attracted to the minimum deposit, although I see for myself the prospect of a professional working with XM. Thank you for interesting opportunities."