The XM group was established in 2009 as and a group of regulated online brokers. They have over five million clients in more than 180+ countries. Furthermore, they claim that 2.4 billion transactions with zero rejections and requotes ever. XM is a big broker. However, in addition, they need to be an honest broker. For human understanding, they offer more than 30 languages to help traders worldwide and with experience levels from beginners to professionals. With 16 platforms are based on MT4 and MT5. Plus, all the platforms are usable in either a real account or demo account.
XM forex broker
An XM forex broker cannot develop to its actual level without obtaining licenses from multiple regulatory agencies. Trading under the XM, the forex broker’s regulatory licenses are:
- Cyprus securities and exchange commission (CySEC)
- Australian Securities and investment commission ( ASIC)
- Belize international financial services commission (IFSC)
Being an international forex broker, they have a large share in South Africa due to their popularity. Because XM is a market maker, there is a clash of interests between trader and broker. They are known for their fairness. The world’s leading financial markets have a wide range of different currencies. The South African Rand is one of them. They offer a trial period where traders can trade without paying anything and not risking anything for 30 days.
Education and training
XM claims that they give their client an impressive array of research, trading tools, and education. Trading the financial markets is a serious kind of business and needs a huge amount of knowledge and no going study of the global event and current market changes. Brokers do not need to provide this knowledge and research, but they can be superior to other brokers.
XM is not just making materials for their education center. They’ve put serious work into creating a true resource for traders. The XM learning center takes Forex seminars, MT4/5 platform tutorials, webinars, and educational videos. There is also a real-time trading room where traders can watch professionals trade the market live. These education rooms are open eight hours a day and five days a week. In addition to the basic videos, you may watch past webinars and sign up for those that haven’t yet happened. Of course, an economic calendar is available to inform traders about upcoming economic events that may impact market prices.
Finally, traders have access to various trading tools, including forex calculators and free forex signals.
In 10 years, XM has built a reputation by highlighting its clients and the human factor behind trading. We need to agree that they deserve the reputation they have built up over the years; it’s a really good broker if you are looking for good spreads, good customer services, security, or various assets. They have added a center to help you get a job and to learn more about the business. We are impressed by the small deposit required of $5, And the lack of fees on depositing and withdrawing. XM will cover the cost of third-party fees in most cases, which cannot find elsewhere. This brokerage offers services for beginning traders. This brokerage offers services for beginning traders for intermediate traders and experienced traders. We think they created a good trading experience.