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Everything About XM Broker

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XM is a well-established broker since 2009. XM has headquarters in United Kingdom, Cyprus, Germany, Spain, New Zealand, Australia, Italy, Belize, European area, France and Nigeria. XM provides their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by FCA 538324, CySEC 120/10, BaFin 124161, CNMV 2010157773, FSP (New Zealand) FSP235905, ASIC 443670, CONSOB (Italy) 3046, Belize Financial Service Commission (FSC) 00261/397 and ESMA.

Broker Information Security Popularity Payment Spec Instruments Score
XM
Security A
Popularity B
Payment A
Spec A
Instrument A
A
B
A
A
A
score 80
XM

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XM Testimonials

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Giorgio Caruso
Apr 20 2024

Explore!!!

I encourage traders of this broker to explore the entire platform. XM offers a lot of tools and features that can help a traders experien...
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Ly Van Trieu
Apr 6 2024

full-fledged trading platform

That is a full-fledged trading platform. Srsly, I can't even think of something missing here. Over a thousand of trading instr...
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Andrea
Aug 31 2023

THE BEST

Awesome execution time

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Kuala Lumpur Trader
Mar 28 2023

Claim Bonus

The best trader so far, offering a lot of seasonal promos and Bonus ;)

Best support I ever had from a broker.

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Edda Odom
Feb 18 2023

Transaction invalid, send help

Very disappointed in this broker. Last week I was trying out their platform. Not wanting to spend money too much, I only took a small pos...
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Sandy
Dec 23 2022

Tight spreads

XM's fees and spreads are low, but some products are still high. When trading EUR/USD, Europe CFDs, and S&P 500 CFDs, we can see...
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Luigi Haywood
Dec 2 2022

Some questions for XM

I am very interested in joing XM. But, I have a few questions, especially regarding the deposits. 1. What payment methods I can u...
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Rory Pedersen
Oct 16 2022

I am always interested in the broker's bonuses and promotions...

I am always interested in the broker's bonuses and promotions program. Sometimes I can get really lucky by joining these programs. N...
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Norbert Hurley
Aug 17 2022

I take back all my bad reviews about them. Kudos...

I take back all my bad reviews about them. Kudos to customer service for helping me fixed the problems! Thank you so much for all your su...
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Damien Forest
Feb 7 2022

I have never been more disappointed in my life before....

I have never been more disappointed in my life before. I started trading with XM a while ago and recently deposit some funds into my acco...
Additional FAQ

XM VPS is free for clients who trade at least five standard lots per month.

Continue Reading at Boost Your Trading Execution with XM VPS

The VPS is a dedicated server hosted in a data center and always online, allowing your trading algorithms or Expert Advisors (EAs) to run 24/7 regardless of your computer's uptime or internet connection.

XM VPS gives you lightning-fast trade execution by connecting you to a virtual private server (VPS) just 1.5 kilometers from XM's London data center. The VPS uses optical fiber connectivity, ensuring your trades are executed quickly and reliably.

Powered by Windows Server 2019, the XM VPS has 2GB of RAM, 25GB of storage space, and one vCPU. This is sufficient for most trading strategies, but you can upgrade to a higher-tier plan if you need more resources.

Continue Reading at Boost Your Trading Execution with XM VPS

The calculation of XM's rollover rate for stocks and stock indices is:

Trade Size x Closing Rate x (long/short position of interbank short-term interest rate – XM's markup

All in all, the start and end of a trading day are considered to be 22:00 GMT in XM. All trading positions that are still open after the time, even if only for 1 minute, will be counted as an overnight position and would be charged a rollover rate.

Continue Reading at Guide to Trade Overnight Positions in XM

The rollover rate is determined through swap contracts, which can either be charged or profited for traders. XM does not close or reopen positions, but only debits or credits trading accounts for positions held overnight, depending on the current interest rate.

Although there is no rollover, if the market is closed on Saturdays and Sundays, the bank still charges interest on open positions over the weekend, only lowered. To accommodate this time difference, XM introduced a 3-day rollover fee on Wednesdays.

Continue Reading at Guide to Trade Overnight Positions in XM