What is XM.com?
XM Broker was established in 2009. Initially, the company focused on a niche segment of the investor market, offering intermediary services in the foreign exchange market. Headquartered in Limassol, Cyprus, under Trading Point Holdings Ltd., XM's primary regulatory body is CYTEC. Today, the XM trading platform is one of the world's leading licensed foreign exchange trading platforms. It is legally licensed by top financial institutions such as the FCA, ASIC, CySEC, and IFSC (In Vietnam, you should further investigate XM's licensing status as detailed below). In addition, XM has international offices in various locations including London, Athens, and Sydney. XM has experienced significant success and growth. XM is excelling in its role as a broker, thereby diversifying its services and currently is an international brokerage operating in nearly 190 countries around the world.
Over the past decade, XM Broker has attracted more than 5 million traders, offering unique technological solutions. The company is now recognized as the Fastest Growing Broker, Best Forex Service Provider, and has achieved many other contributions. The team at XM Broker is committed to working tirelessly to improve the quality of services provided annually.
Not just a pure broker, XM offers 1,230 CFDs, including 57 currency pairs. Autochartist and Trading Central supplement with internal research. The excellent research content includes daily videos, podcasts, and highly organized and rich articles. The internal broadcasting feature includes TV content - high-quality videos recorded live.
XM comprehensively conducts educational web seminars, articles, and Traditional courses, offering the full MetaTrader suite - featuring market signaling for copy trading, along with the Analyzzer algorithm. From here, XM becomes a lively and effective forum for the exchange and sharing of experiences among traders.
XM Pros and Cons
XM is a broker known for its excellent reputation and multiple regulations, making it a reliable choice for traders. The platform is user-friendly, and XM stands out with one of the lowest deposit requirements in the industry. Additionally, the costs for trading CFDs are low, and the platforms are accommodating to traders of all experience levels.
However, there are some drawbacks. For clients within the EU, XM offers a limited portfolio, which may restrict investment options. Furthermore, for clients outside the EU, there is a lack of robust investor protection, which can be a significant concern for those looking to safeguard their investments.