Considering services and trading conditions, XM is one of the best forex brokers of 2018  that I’ve traded
with. Not many traders in the world are good at services and trading conditions. This article is written to
give you a total knowledge of XM review.
Some following figures can make you impressive. Founded in 2009, XM now has over 1.500.000 clients
from 196 countries. It has also visited over 120 countries to meet with their clients and partners and
hosted hundreds of seminars around the world to improve their trading skills. Below, I will undertake a
review of XM in terms of several criteria: regulations, trading conditions and trading costs, trading
platform, paying system and types of accounts.
 

1. XM review of Regulations
Regulations play an important role in identifying how reliable a broker is. It’s more reliable if a broker
gets a license which is very hard to obtain, so a broker with a license is more trustworthy.
Up to now, there have been several tense debates on regulations between US&UK brokers and other
brokers in the forex market. The vast majority of the traders chosen US&UK regulated brokers because
they believe in US/UK financial management system.

As a result, US and UK regulations are regarded very great. They provide with the best trading platforms,
techniques, financial health and management systems… Accordingly, XM is one of the best regulated
brokers as it has a regulation from UK, which is FCA. It also obtains CySEC from Cyprus, ASIC from
Australia and FSB from South Africa to serve the traders in these regions. Moreover, XM is the most
reliable broker which can protect traders in many countries from any risks all over the world.

2. Trading costs and trading benefits of XM

Cost of transactions are a matter of the most considerations of traders. Obviously, the traders often
prefer the brokers with reasonable and low cost of transactions, especially the scalpers who have many
transactions at a time.

In terms of XM, it offers the low spreads like FXCM and Forex.com, US and UK brokers. The spread is 1.7
pip for a EUR/USD for trading regular accounts, and 6$ commission for trading ECN account (other
brokers charge around $7 for trading ECN account). In addition, XM has the loyalty program, which will
pay back an amount of money to your account automatically when finishing a lot/transaction. The
rebated amount depends on your trading currencies, account types and trading time. The professional
traders mostly prefer this program because it can minimize the transaction cost.
Also, XM lots are paid back $3 (0.3 pip) to 10$ (1 pip) for each completed transaction and the rebated
amount will increase by time for each trading lot. After the lot-back bonus, cost of transactions is now
lower than FXCM and Forex.com brokers and spreads are decreased down to only 1 to 1.4 pip.
Besides, XM also has the deposit bonus, which allows you to get money depending on how much you
deposit it. This deposit bonus program can reduce your trading costs even more. You can get up to
$5000 from their deposit bonus program, with the maximum deposit rate being 100%.
 

3. XM review of Trading platforms
XM has the most modern trading platform with fully automatic transfer system in the world. The trading
platform can work well on PC, Smartphone or Tablet with the best performance. In my own opinion, I
highly appreciate XM trading platform because I have nothing to complain about its performance. This
tool will help you a lot to made profits from your trading.
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4. XM review of Payment system
When jumping in forex trading, most of the traders are not concerned about the payment system. This is
really a big mistake but can be understandable because this matter is taken into consideration when
they start depositing or withdrawing their win money.

While most trusted forex brokers are living overseas when they transfer money, it can cost you some
money to transfer. Some countries are very strict with transferring money overseas. Sometimes, it’s
illegal to transfer money to forex brokers. It’s very expensive to use some payment methods. So I think
the wise decision is to choose brokers which have local payment methods to save deposit/withdrawal
cost.

For traders, a good payment system will help a lot. It should be fast, free, and unlimited. The following
criteria will be typical of a good payment system.
● Fast deposit and withdrawal
● Local payment supported
● Low or even free-of-charge fee for deposit or withdrawal
● High minimum withdrawal limitations
There is no doubt that XM offers the best payment system in Asian countries such as China, Thailand,
Indonesia, … They allow traders to deposit via several free international payment methods like using
Credit/debit cards, Neteller, Skrill, Webmoney, PerfectMoney, Bitcoin, Alipay, Nganluong Wallet or local
banks such as: Bank Central Asia, Bank Mandiri, Bank Negara Indonesia, Bank CIMB NIAGA, Bank Rakyat
(Indonesia), Bangkok Bank, Bank of Ayudhya, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank,
Kbank Mobile Banking (Thailand).
 

5. XM review of Customer support
Customer support is considered the backbone of choosing a good broker. As you know, trading forex is
not a piece of cake. It’s a complicated world of a lot of challenges. For new traders, beginners or even
old traders, they need help as many as possible. As for me, I have no reason to make any complaint of
XM’s customer services. No technical errors or any discomfort are detected. Everything works very
smoothly and effectively.
If your native language isn’t English, it doesn’t matter for you as XM offers supports for well over 30
languages. Languages such as Thai, Chinese, Indonesian, Vietnamese, etc. are always supported 24/7
and those countries also have local banking supports.
 

6. XM review of Account types
In general, there are 3 account types offered by XM: Micro, Standard and Zero. Each type is designed for
different trading purposes. Micro account is mainly for new traders and beginners, while Standard
account is for regular uses and Zero account is specifically for experts only.
The Micro account is suitable for beginners with commission-free and the low spread. The minimum
deposit is just $5, but the leverage is up to 1:888. All accounts allow 200 orders at a time, and pending
positions are included, with the negative balance protection from XM.
The Standard account is focused on the experienced traders. The condition is similar to that of the
Micro account, but there are still notable differences: the offered contract size is a hundred time bigger -
100,000 for 1 lot. The minimum trading lots are equal for both MT platforms, and the lot restriction per
ticket is 50 - a half compared to the Micro account.

The Zero account is commission-based and has the most competitively priced. The average spreads on
the EUR/USD are listed as 0.1 pips - not including commission, and even after including the USD $5 per
side commission), the all-in cost to trade is 1.1 pips (0.1 spread + 1.0 RT commission). The experts love it
besides the no re-quoting across all which means the lower spreads during certain market conditions.
Besides, there is also the XM Islamic account for clients who follow the Muslim faith. They are the free-
swap type of account for Islam traders.
In conclusion, I strongly advise you to partner with XM that provides good trading conditions, bonus
programs to lessen your trading costs. Most of their customers are always satisfied with their services.
They deserve to be one of the best brokers in 2018.
If there is any confusion, some of my advice will help a lot for you.
● Micro account is a great trading environment in case of learning more about the forex.

● Cryptocurrency trading conditions are the best. Take advantage of it.
● XM should support payments via your local bank so if your local bank is supported, you should
always utilize it as much as possible.
● Daytime spread in XM is always lower than night time’s spread, thus trading in daytime is wiser.