Broker XM - 2023 Review

30 Seconds Review of IQCent

XM is a globally recognized online brokerage offering a comprehensive suite of trading instruments and platforms. Founded in 2009, XM has established itself as a trusted brand with over 10 million clients worldwide.

The trading platform provides access to over 1000 financial instruments across major asset classes, including forex, indices, commodities, equities, and cryptocurrencies. Traders can diversify across 55 currency pairs, 25+ global stock indices, equity CFDs, precious metals, energies, and the largest crypto CFD offering in the industry.

Advantages of trading with XM:	Disadvantages of XM:
Personal Account Managers: Every XM client is assigned a personal account manager to provide support and guidance. Your account manager can help you start, develop trading strategies, and answer any questions.	Small selection of trading platforms
Free Access to Forex Market Research: XM provides free daily market research reports, forecasts, and analysis from expert analysts. Stay up-to-date on market movements with professional insights.	Lack of passive investment services
Free Access to Daily Forex Webinars: XM hosts free forex webinars daily, led by professional traders. Attend live or view recordings to learn new strategies and techniques.
Unlimited Access to Video Tutorials: XM has an extensive video library with hundreds of tutorials covering forex basics, technical/fundamental analysis, platform usage, and more. Unlimited access helps you build trading skills.
Daily Access to Forex Trading Signals: XM sends daily trading signals from experienced analysts to help identify potential trading opportunities. Use the signals as a reference alongside your analysis.
10 Platforms to Choose From: Trade on up to 10 platforms optimized for different devices. Platform options include MT4, MT5, XM WebTrader, mobile apps, and more.
Free Daily Technical Analysis: Daily technical analysis reports provide charts and expert commentary on major currency pairs and crosses. Use the TA to inform trades and strategy.
Daily Forex Market Outlook: XM publishes a daily forex outlook covering major news events, data releases, and technical factors that may impact markets. Stay on top of potential volatility.
24/7 Live Help: XM has multilingual 24/7 live chat and phone support. Get your questions answered or issues resolved any time of day or night.

The trading platform provides access to over 1000 financial instruments across major asset classes, including forex, indices, commodities, equities, and cryptocurrencies. Traders can diversify across 55 currency pairs, 25+ global stock indices, equity CFDs, precious metals, energies, and the largest crypto CFD offering in the industry.

XM trading platform caters to both new and experienced traders alike. For beginners, they offer free education resources, seminars, 24/7 multilingual support, and risk management guidance. Seasoned traders benefit from XM's robust trading infrastructure featuring tight spreads, fast execution speeds, and VPS hosting services for EAs.

Trading Assets Available on XM

IQcent's trading fees and costs are determined by spreads, margins, and commissions, which are typical of speculative trading. The spread is the difference between the selling and buying rates, and the pip is the smallest increment caused by a change in exchange rates.

Trading Assets Available on XM

XM broker provides traders access to over 1000 financial instruments across 6 major asset classes. This diverse product range allows clients to trade different markets based on their strategy.

• Forex: XM offers 55+ FX pairs, including majors like EUR/USD, GBP/USD, and USD/JPY; minors like EUR/GBP, EUR/CAD; and exotic pairs involving EM currencies. Tight spreads from 0 pips on major pairs allow cost-efficient forex trading.
• Indices: Traders can trade CFDs on major global indices like S&P 500, FTSE 100, DAX 30, Nikkei 225, ASX 200, etc. This provides exposure to leading stocks across continents.
• XM offers CFDs on precious metals like gold and silver, energies like crude oil and natural gas, and softs like coffee and corn. Hard and soft commodities provide portfolio diversification.
• XM provides CFD trading on stocks of marquee companies listed across global exchanges like Apple, Tesla, Amazon, Alibaba, HSBC, etc.
• Cryptocurrencies: XM offers CFDs on major cryptos, including Bitcoin, Ethereum, Litecoin, Ripple, and Bitcoin Cash. This provides access to the dynamic crypto markets.

XM’s diverse asset selection enables clients to trade varied markets with different characteristics using a single platform. Although CFDs are complex instruments, and there’s the risk of losing money when trading, diversifying your portfolio can help mitigate it. This offers opportunities for risk management, hedging, and speculative trading strategies.

Some of the Assets Available:

Customer Support at XM:

1. XM trading platform prioritizes providing exceptional multilingual customer service and support to clients globally.

2. 24/7 Support: XM's support teams are available 24 hours a day, 7 days a week, to address client queries promptly. This ensures issues are resolved promptly, no matter the time zone.

3. Multilingual Agents: XM provides phone and email support in over 30 languages. Their agents are native speakers providing personalized assistance to clients in their preferred language.

4. Multiple Contact Channels: Clients can reach XM support through phone, email, live chat, social media channels, and physical offices. This omnichannel approach caters to different client preferences.

5. Local Presence: XM has local offices and toll-free contact numbers for major countries like China, India, Indonesia, and Nigeria. This facilitates improved client interactions and faster issue resolution.

6. Education Resources: XM provides an extensive research education section to help new traders understand how CFDs work. These resources include trading guides, ebooks, webinars, and online courses for beginners. Experienced traders can enhance their skills through advanced seminars.

XM's responsive, multilingual support across channels, coupled with a strong local presence and trader education, provides clients with the assistance they need 24/7. This gives clients the confidence to focus on trading with XM broker.

XM - Features for Traders:

XM broker aims to provide clients with advanced trading tools and technology to execute strategies efficiently.

• Competitive Spreads: The XM trading platform offers ultra-tight variable and fixed spreads as low as 0 pips on major currency pairs like EUR/USD. This pricing model enables high-volume traders to get very low trading costs.
• Fast Execution: XM uses an execution model that provides fast and reliable trade execution without requotes. Trades are executed in milliseconds with direct market access, allowing for seamless entry and exit positions based on real-time pricing. This feature helps protect retail investor accounts from losing money when trading CFDs.
• Trading Platforms: XM offers MT4 and MT5 platforms for desktop and mobile trading. These provide advanced charting, technical indicators, EAs, algo trading, etc.
• VPS Hosting: XM provides free virtual private server hosting for algorithmic trading. VPS benefits include uninterrupted 24/7 automation, fast execution when the computer is off, and quick restores after crashes. With XM's VPS service, traders can run EAs confidently without disruptions.
• Negative Balance Protection: XM ensures a client's losses are limited to the capital invested for trading. When investor accounts lose money but don't satisfy forced-settlement timing, XM takes the loss and resets the minus amount to "0". This protection ensures the accounts cannot go into negative equity.
• Promotions: XM offers new traders no deposit bonuses up to $50 as trading credits to experience their platforms and competitive conditions. They also provide a loyalty program where traders can earn cash rebates, trading points, bonuses, and entries into contests like the $20,000 Champion trader competition. You can also refer a friend bonuses up to $35 per friend referred are provided.

What You Should Know About XM:

XM is a globally recognized online brokerage offering a comprehensive suite of trading instruments and platforms. Founded in 2009, XM has established itself as a trusted brand with over 10 million clients worldwide.

Before you consider opening an account with XM CFDs broker, here are some things you must know about them:

Licensed and Regulated Broker

Choosing a licensed and regulated broker for secure trading is essential for a trader. XM Group understands this priority and maintains regulatory licenses from top agencies worldwide, including Australia, Cyprus, Belize, and the Middle East. These licenses require strict adherence to client fund segregation, robust risk management, regular reporting, and audits. With XM, traders benefit from dealing with a transparent broker that values regulation and compliance.

Globally Renowned

XM is a highly renowned forex and CFD broker serving over 10 million clients globally across nearly 200 countries. Their substantial international presence demonstrates XM's ability to cater to diverse traders worldwide. To provide localized assistance, XM maintains a multilingual support staff speaking 30+ languages - a key advantage for non-English speaking traders.

XM trading platform also shows commitment through its management personally visiting 120+ cities globally to interact with clients and partners. This gives them direct feedback to improve services. With numerous awards over a decade, XM is recognized worldwide for its global scale while maintaining a local touch.

Focused on the Client

Unlike some brokers prioritizing high net-worth traders, XM focuses on serving all clients equally, regardless of live account type. At XM, you can expect dedicated personal managers, ultra-competitive pricing, access to advanced MetaTrader platforms, and educational resources tailored to your experience level. Whether a beginner with the small account or a seasoned trader with a standard account, you will experience the same client-centric trading environment.

Range of Trading Instruments

XM broker enables traders to access over 1000 instruments across forex, indices, commodities, shares, metals, energies, and cryptocurrencies - all from a single multi-asset account. This vast product range provides diversification to spread risk across different market conditions.

Traders can be long for some instruments, short for others simultaneously, and hedge positions between asset classes efficiently through advanced orders. Such flexibility, with tight spreads, fast executions, and no hidden fees, makes XM suitable for developing robust trading strategies.

Transparent and Fair

XM differentiates itself by being transparent in all its dealings - there are no hidden terms for pricing, execution, or promotions. Traders get the advertised conditions and can trade confidently, knowing the broker is ethical. For instance, spreads start from 0 pips on forex pairs, unlike brokers promoting low spreads that rise during news events. This ensures that no one loses money when trading.

Easy and Convenient

XM provides a user-friendly website interface to trading platforms for easy and convenient trading. Opening an account, funding it, accessing platforms, and getting assistance at XM is designed to be quick and convenient. Client onboarding is streamlined through online applications and digital KYC verification, approving accounts rapidly.

Furthermore, multiple payment options that allow fast and easy deposits and withdrawals. Platforms can be accessed through online login or installed locally on desktop and mobile. This hassle-free experience keeps you focused on the markets.

XM compares well to other online brokers regarding asset selection, platforms, spreads, and customer service. Their transparency, focus on trader education, and adherence to regulations give them an edge. XM suits new and experienced traders looking for a reputable global online broker.

Comparison of XM with other Brokers

	XM	VideForex	IQCent	Binary Cent	RaceOption	Deriv	Binarium	IQ Option	Intrade Bar
Trading platform	Proprietary	Proprietary	Proprietary	White-label	RaceOption, Mobile	Properietary	Properietary	Proprietary	Proprietary
Min deposit	5	20$	20$	250$	250$	100$	250$	10$	10
Payout	95%	85%	95%	85%	85%	85%	80%	80%	80%
Copytrading	Yes	Yes	Yes	No	No	No	No	No	No
TradingView	Yes	Yes	Yes	No	No	No	No	No	No
Assets	1	CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies	CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies	Forex, CFD, Stocks, Crypto, Options	Binary Options, CFDs	Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos	Binary Options on Forex and Cryptos
Expiry Times	1	5 seconds - 30 days	5 seconds - 30 days	5 seconds - 30 days	5 seconds - 30 days	1 minute - 48 hours	1 minute - 48 hours	1 minute - 48 hours	1 minute - 48 hours
Execution of orders	1	Instant Execution	Instant Execution	Market Execution, Instant Exec	Market Execution, Instant Exec	Market Execution	Market Execution	Market Execution	Market Execution
Deposit bonus	No	Yes	Yes	Yes	No	No	No	No	No
Cent accounts	No	Yes	Yes	Yes	Yes	No	No	No	No