XM Overview
XM serves millions of traders worldwide. They focus on customer satisfaction over flashy marketing.
CySEC and ASIC regulate different entities. Three account types cover beginners to advanced traders. Minimum deposit is only $5. Leverage reaches 1:1000. Both MT4 and MT5 available.
Islamic accounts work without hassle. Regular webinars teach strategy and analysis. Loyalty programs reward active traders. Bonuses appear frequently though terms vary.
Pros:
- Very low minimum deposit
- Good bonus programs for new accounts
- No fees on deposits or withdrawals
- Arabic webinars run regularly
- Fast customer support response
Cons:
- Spreads wider than ECN brokers
- Bonus conditions can be restrictive
- EU traders get limited conditions
- Withdrawal approval takes up to 24 hours
