XM is a Forex broker founded in Cyprus in 2010. From the time of its founding, leverage of up to 1:1,000 and numerous bonus incentives (account opening bonus, deposit bonus, etc.) became a hot topic and received high support from users, and combined with high affiliate income, it quickly gained popularity.
Around the third year since the company was founded, the service name was changed from TradingPoint, which was the original service name at that time, to XEMarket, and then the service brand name was again changed to "XM Trading" in the Asian region and "XM" in other regions. Today, it has become an international mega-broker with FX services in 120 countries / 21 languages. European residents can choose to open an account with Seychelles' Cyprus Securities and Exchange Commission (CySEC) licensed "XM CY" subsidiary or Belize's Financial Services Commission (FSC) licensed "XM Global" subsidiary. If you wish to take advantage of the bonuses and high leverage that are characteristic of XM, you need to select "XM Global".
XM offers three different account types (Standard, Micro, and Zero). A VPS for automated trading is available for free if you meet the requirements. It also offers a wide variety of learning tools, actively providing trading seminars and videos.
On the other hand, in terms of trading conditions, since the main customer base is beginner to intermediate users, the spread is higher than that of other brokers. In the case of Standard account, it is USD/JPY 1.5pips and EUR/USD 1.6pips, not a broker with a small spread. For Zero account, some instruments are offered with small spreads such as USD/JPY 0.1pips and EUR/USD 0.2pips, but $ 5 (USD) or equivalent per lot is required as a trading fee. Therefore, considering only trading conditions, it is not advantageous.
However, despite these slightly unfavorable trading conditions, it is still one of the most popular Forex brokers in the world due to its quick and stable deposit and withdrawal performance and reliability for the scale of service.
[Chat support] (Weekdays)24 hours
[Email support] (365 days)24 hours
(*1)Matched orders between multiple accounts are prohibited.
[FX/Currency Pair]: 55(*1)
(*1)54 FX/Currency Pairs are tradeable with Zero account.
(*2)CFD/Cryptocurrencies cannot be traded with Zero account.
(*3)The fee is per order (One way).Official Website
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