XM Global Full Review 2023

XM Global is a large forex broker that started its activity in 2009 and now manages clients from more than 196 countries with a support staff speaking 30 languages. It is one of the most trusted regulated brokers with good trading conditions and overall offers. In this review of XM Global, we’ll share everything about this platform. By the end of this, you’ll know with confidence whether you should sign up or not.

An Overview of XM Global

XM Global is one of the popular forex and CFD brokers. It offers over 300 tradable assets across forex, commodities, stocks, indices, cryptocurrencies, and ETFs.

Founded in 2009, XM Global is regulated by top-tier financial authorities like the UK’s FCA and Australia’s ASIC. This means your funds and information are secure with XM Global. You can trade on their award-winning MT4 platform or their own XM WebTrader.

XM Global has tight spreads and doesn’t charge commissions on most forex and CFD trades. For forex, spreads start at 0.6 pips. They make money through the spread markup. Funding and withdrawing money is free and fast, taking just 1 business day. You can use credit/debit cards, bank transfers, e-wallets, and Bitcoin.

Whether you’re a beginner or an experienced trader, XM Global has useful resources to help you. They offer free webinars, video tutorials, and market analysis. You also get a dedicated account manager and 24/5 multilingual support.

A Detail Table on XM Global

Category

Details

Company Name

XM Global

Founded

2009

Trading Platform

MetaTrader 4, MetaTrader 5, Proprietary platform

Spread

From 0.6 pips for XM Ultra Low Micro and XM Ultra Low Standard, and from 0 pips with a fixed fee per full standard lot for XM Zero

Leverage

Up to 1:30

Minimum Deposit

$5

Education

Professional Education with webinars and Seminars

Customer Support

24/5

What You Can Trade on XM Global

XMGlobal offers traders access to over 1,000 financial instruments across forex, commodities, indices, and stocks.

Forex

Trade over 57 major, minor, and exotic currency pairs with tight spreads and no hidden fees. XMGlobal provides 24/5 support and competitive spreads starting from just 0.6 pips.

Commodities

Speculate on the price of 12 popular commodities like gold, silver, oil, and coffee. XMGlobal offers flexible leverage up to 1:500 and variable spreads.

Indices

Get exposure to global stock markets by trading stock market indices from the US, Europe, and Asia Pacific. Major indices include S&P 500, FTSE 100, Nikkei 225 and more.

Stocks

Access over 1,000 global stocks from 15 major exchanges including NYSE and NASDAQ. XMGlobal provides leverage up to 1:20, competitive commissions, and 24-hour trading on selected stocks.

Regulation and Security of XM Global

XMGlobal is regulated by the Australian Securities and Investments Commission

XM Global Full Review 2023

XM Global is a large forex broker that started its activity in 2009 and now manages clients from more than 196 countries with a support staff speaking 30 languages. It is one of the most trusted regulated brokers with good trading conditions and overall offers. In this review of XM Global, we’ll share everything about this platform. By the end of this, you’ll know with confidence whether you should sign up or not.

An Overview of XM Global

XM Global is one of the popular forex and CFD brokers. It offers over 300 tradable assets across forex, commodities, stocks, indices, cryptocurrencies, and ETFs.

Founded in 2009, XMGlobal is regulated by top-tier financial authorities like the UK’s FCA and Australia’s ASIC. This means your funds and information are secure with XM Global. You can trade on their award-winning MT4 platform or their own XM WebTrader.

XMGlobal has tight spreads and doesn’t charge commissions on most forex and CFD trades. For forex, spreads start at 0.6 pips. They make money through the spread markup. Funding and withdrawing money is free and fast, taking just 1 business day. You can use credit/debit cards, bank transfers, e-wallets, and Bitcoin.

Whether you’re a beginner or an experienced trader, XM Global has useful resources to help you. They offer free webinars, video tutorials, and market analysis. You also get a dedicated account manager and 24/5 multilingual support.

A Detail Table on XM Global

Category

Details

Company Name

XM Global

Founded

2009

Trading Platform

MetaTrader 4, MetaTrader 5, Proprietary platform

Spread

From 0.6 pips for XM Ultra Low Micro and XM Ultra Low Standard, and from 0 pips with a fixed fee per full standard lot for XM Zero

Leverage

Up to 1:30

Minimum Deposit

$5

Education

Professional Education with webinars and Seminars

Customer Support

24/5

What You Can Trade on XM Global

XMGlobal offers traders access to over 1,000 financial instruments across forex, commodities, indices, and stocks.

Forex

Trade over 57 major, minor, and exotic currency pairs with tight spreads and no hidden fees. XM Global provides 24/5 support and competitive spreads starting from just 0.6 pips.

Commodities

Speculate on the price of 12 popular commodities like gold, silver, oil, and coffee. XMGlobal offers flexible leverage up to 1:500 and variable spreads.

Indices

Get exposure to global stock markets by trading stock market indices from the US, Europe, and Asia Pacific. Major indices include S&P 500, FTSE 100, Nikkei 225 and more.

Stocks

Access over 1,000 global stocks from 15 major exchanges including NYSE and NASDAQ. XMGlobal provides leverage up to 1:20, competitive commissions, and 24-hour trading on selected stocks.

Regulation and Security of XM Global

XMGlobal is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Board (FSB) of South Africa, and the International Financial Services Commission (IFSC) of Belize. These regulatory bodies require XMGlobal to segregate client funds, hold adequate capital, and comply with strict financial standards to ensure the security of your money and data.

It also voluntarily submits to audits from third-party agencies like Deloitte to evaluate its business practices. These audits analyze things like trade execution, fund security, and risk management to ensure XM Global operates with integrity and protects clients. The results of these audits are published on XMGlobal’s website for full transparency.

XMGlobal uses advanced encryption technology and firewalls to safeguard your personal information and trading data. Two-factor authentication and email verification help prevent unauthorized access to your account.

Fees and Commissions Charged by XM Global

XMGlobal charges both fixed and variable fees for using their platforms and services. They aim to keep fees competitive while providing high-quality service.

Trading Fees

XMGlobal charges a small spread on top of the raw market spread for trading forex and CFDs. The spread is the difference between the buy and sell price. For major currency pairs like EUR/USD, the average spread is around 0.6 pips. For minor pairs and during news events, the spread may widen temporarily.

Commission

XM Global does not charge any commissions for trading forex and CFDs. All costs are built into the spread.

Overnight Fees

If you hold a position overnight, XMGlobal will charge a small financing fee. For forex trades, the overnight fee is the interest rate differential between the two currencies. For CFDs, it is a fixed percentage of the position size. Overnight fees are typically very small relative to your potential profits and losses.

Withdrawal Fees

XMGlobal allows one free withdrawal per month. Additional withdrawals incur a $5 fee. Bank wire transfers have an additional $20 fee. Withdrawals are processed within 1 business day.

Inactivity Fees

XMGlobal does not charge any monthly or inactivity fees. As long as you have a funded account, you can access their platforms and services for free even if you are not actively trading.

Is XM Global a Legit and Scam?

XMGlobal is a reputable online trading platform with a solid track record in the financial industry. It is not a scam but a legitimate brokerage firm. Regulated by various financial authorities, including CySEC and ASIC, XM Global adheres to stringent regulatory standards. 

It ensures the safety and security of its users’ funds. Traders on XM Global benefit from a range of features, including a user-friendly interface, competitive spreads, and a variety of trading instruments. The platform’s commitment to transparency is reflected in its disclosure of risks and fees.

With solid regulation, fund security, and a long-running reputation for ethical conduct, XMGlobal proves itself a trustworthy and legitimate broker for trading the global markets.

Final Thought

XMGlobal offers a wide range of assets for trading and competitive fees. Regulated in several major jurisdictions, XMGlobal takes security and compliance seriously. While no brokerage is perfect, XMGlobal seems to tick many of the important boxes for a legit broker. If you’re looking to dive into the exciting world of online trading, XMGlobal could be a great place to start.

If you have lost money to companies like IGM Fx, fxpro, or FXLiveCapital, please report it today by the bellow form.

    Online Trading Complaint Form


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