XM broker Review Reddit

XM review reddit and XM trading notes

What year was XM established? Is it reputable?

XM founded in 2009 and is headquartered at 5 Cork Street, Belize City, Belize, CA. Since its inception up to now, XM has gradually expanded market development throughout the EU, India and recently the Asian market, it can be said that the number of countries that XM is developing is more than 100 countries.

To create confidence for the company’s reliability. XM established a full 5-year license, including 3 types of licenses that are considered to be the most prestigious: UK FCA number FRN 705428 and CySEC 120/10 and ASIC reference number AFSL 443670.

REGULATION AT XM BROKER

XM Types of Accounts

XM offers 4 account types: Micro Account, Standard Account, XM Ultra Low Account mainly for Forex, Gold and Indices trading with no commission fees. The rest Share Account is only for Stock trading with commission fees.

accounts-type-at-XM

>>> TYPES OF ACCOUNTS AT XM: https://www.xm.com/account-types <<<

XM Platform

XM offers the most popular trading platforms. That is Metatrader and also the product of MetaQuote.

Metatrader 4 and 5 at XM

XM MT4 – Metatrader 4

Technical analysis tool on 50 indicators and other drawing tools.
Integrating more than 1000 products including Forex, Indices CFDs and Futures.

  • Spreads from 0.6 pips.
  • Enables the Hedging method (placing reciprocal orders).
  • Support for entering market orders, pending orders (buy limit, buy stop, sell limit, sell stop).
  • Allows EA and indicators available.

>>>Download MT4 at XM: https://www.xm.com/vn/mt4/ <<<

XM MT5 – Metatrader 5

Technical analysis tools on 80 indicators and other drawing tools.

  • 1000 products including stock CFDs, CFDs, Forex, Metals and Energy CFDs. (Note on MT5 platform integrating more securities products on MT4 platform).
  • Spreads from 0.6 pips.
  • Support for entering market orders, pending orders (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit).

>>> Download MT5 at XM: https://www.xm.com/vn/mt5/ <<<

XM Deposit and Withdrawal methods

There are not many payment methods, but XM still offers the most popular deposit and withdrawal channels for most investors. Such as: Local bank, Visa Debit / Credit, Skrill, Neteller, Webmoney.

No deposit and withdrawal fees are charged for the amount above 200 USD (or its equivalent).

Note XM Fees applied on an Inactive Account

XM allows clients to open up to 8 account types at the same time. But, you should also note “account policy inactive on XM”, if you suspend or do not trade while the money is in your account.

What is considered an inactive account on XM?

When the account does not take any action such as: internal transfer, withdraw money, top up, create a new trading account within 90 days. XM automated system will cancel all bonuses, bonus points XMP.

What is considered an inactive account on XM?

When the account does not take any action such as: internal transfer, withdraw money, top up, create a new trading account within 90 days. XM automated system will cancel all bonuses, bonus points XMP.

In addition, the Account inactive will be deducted 5 USD per month. After that, the account will be stored when the funds in the account are zero for more than 90 days.

How to avoid being deducted from your account ?

Please make an internal transfer (no fee) or withdraw all money if you want to transact.

XM PROMOTIONS

PROMOTION FREE 30 NO DEPOSIT AT XM

Get 30 USD Free => Read terms

Welcome Bonus up to $500 AT XM
15% bonus program up to 500 USD => Read terms

Frequently asked questions at XM:

Does XM Cent accounts offer ?

Yes, XM offers Micro accounts.

Is there any difference between XM mt4 vs mt5?

Investors are traded on all XM products including Forex, stock CFDs, stock index CFDs, precious metals CFDs and energy CFDs. See advantages of the MT5 platform at XM

What is the XM minimum deposit?

In general at XM there is a minimum of 5 USD for deposits and withdrawals. However, it also depends on the status of your verification account.

What is xm deposit and withdraw fee?

XM charges no deposit and withdrawal fees on all deposit and withdrawal channels. However, charges may apply from your bank wire transfer.

Does XM accept us clients ?

XM Global Limited does not provide services for the residents of certain countries, such as the United States of America, Canada, Israel and the Islamic Republic of Iran. As such, these brokers Tradersway or LQDFX may be your choice. Or you should see what disadvantages might be happening to you.

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