Review

XM.com – Read Our Review Before You Sign Up

XM.com Review Header

Risk Warning: Your Capital is at Risk

Overview

XM.com is an innovative online broker with state-of-the-art electronic platforms for trading forex and Contracts for Difference (CFD) on precious metals, stocks, indices and energy. CFDs allow traders to speculate on the price of assets without actually owning them in their accounts. The XM.com platform has received positive publicity for many of its unique and cutting-edge features. XM.com executes more than 99% of its orders within one second of entry. The broker also grants traders unprecedented use of leverage.

XM.com has been recognized by industry watch groups for its excellent and innovative approach to CFD and forex trading. The broker received:

  • The Silver Accreditation for Leading and Developing People in the Investors in People International rankings
  • World Finance 100 chose XM.com in its brokerage industry selection
  • It was also recognized as Best Forex Execution Broker by Shares magazine and Best FX Service Provider in 2017 at the City of London Wealth Management Awards

Traders who want an innovative broker that offers lightning-fast execution, access to enormous leverage and transparent pricing should investigate using XM.com as their broker. Please remember, while XM.com is a responsible broker, losses can still exceed deposits. CFD trading is for experienced traders.

This XM.com review will give readers an in-depth overview of the broker and discuss its advantages and disadvantages.

Why Choose XM.com?

What's Good About XM.com?What Could XM.com Do Better?
Tick IconTrustworthy broker (we scored XM.com 80/100 in our broker trust rating)Platform can be quite clunky and doesn't seem as intuitive as others
Tick IconUnprecedented use of leverageOnly offers variable spreads which can prove unpredictable for short-term or novice traders
Tick Icon700+ trading instrumentsBitcoin is the only cryptocurrency available to trade
Tick IconCan display multiple charts with different indicators at the same timeWithdrawals can take up to 5 business days to arrive in certain accounts
Tick IconSupport in nearly 30 languages
Tick IconWebinars available 6 days a week in 18 languages
Tick Icon24/5 customer support via phone, email or live chat

XM.com - Essential Information

 XM.com Logo
www.xm.com
OverviewBig, fair and human broker that offers lightning-fast execution and transparent pricing
Our Overall Rating
Broker Trust Rating80/100
Founded2009
Number of Customers1.5 million + worldwide
ProductCFDs
Forex

MarketsCommodities
Cryptocurrencies
Energies
Forex
Indices
Metals
Stocks
Countries Served200+ (Full list below)
Minimum DepositMicro or Standard accounts: $5
XM.com Zero accounts: $100
FeesVariable spread on each trade
Overnight fees
Accounts dormant for 90 days or more: $5 (Full list below)
Regulator(s)UK Financial Conduct Authority, Australian Securities and Investment Commission and The Cyprus Securities Exchange
Customer SupportEmail, Phone & Live Chat
AwardsSilver Accreditation for Leading and Developing People in the Investors in People International rankings
Best Forex Execution Broker by Shares magazine
Best FX Service Provider in 2017 at the City of London Wealth Management Awards
Demo AccountYes. A maximum of 5 demo accounts per trader
Usain Bolt Sponsored by XM.com
XM is the official sponsor of Usain Bolt

History of XM.com

XM.Com was founded in 2009 as Trading Points of Financial Instruments Ltd. and shortly thereafter launched its trading-point.com website. The company launched its XM Partners subsidiary in 2010. By 2011 the company introduced mobile trading, and in 2012 it acquired XEMarkets.com. XM.com expanded rapidly over the next six years and now services over a million customers in more than 190 countries.

Trading Points of Financial Instruments Ltd., the parent company of the XM.com and XM Partners subsidiaries, has its headquarters in Limassol, Cyprus.

XM is a trading name of Trading Point Holdings Ltd, which wholly owns the following companies:

  1. Trading Point of Financial Instruments UK Ltd (XM UK)
  2. Trading Point of Financial Instruments Pty Ltd (XM Australia)
  3. XM Global Limited (XM Global)
  4. Trading Point of Financial Instruments Ltd (XM Cyprus)

Trading Point of Financial Instruments UK Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority (Reference number 705428).

Trading Point of Financial Instruments Pty Ltd was issued an Australian Financial Services License by the Australian Securities and Investments Commission (Reference number 443670).

XM Global Limited is regulated by the International Financial Services Commission Belize (Securities Service’s License number IFSC/60/354/TS/17).

Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (License number 120/10) and registered with FCA (FSA, UK), under reference no. 538324. Trading Point of Financial Instruments Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

Trading Point of Financial Instruments Ltd is additionally registered with the following regulators:

  1. BaFin Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) under registration number 124161
  2. CNMV Comisión Nacional del Mercado de Valores (Spain) under registration number 2774
  3. AFM Autoriteit Financiële Markten (Netherlands) – see register here
  4. FI Finansinspektionen (Sweden) – see register here
  5. FIN Finanssivalvonta Finansinspektionen (Finland)
  6. MNB Magyar Nemzeti Bank (Hungary) under registration number 538324
  7. CONSOB Commissione Nazionale per la Società e la Borsa (Italy) under registration number 3046
  8. ACP Autorité de Contró Prudentiel (France) under registration number 73640
  9. KNF Komisja Nadzoru Finansowego (Poland) – see register here

XM.com offers customers support in 29 languages. The broker offers 24-hour support, 5 days a week through email, live chat, phone and fax.

Where Does XM.com Operate?

XM.com has its main offices in Limassol, Cyprus. The company also has international offices in London, Athens, Sydney, and Budapest.

XM.com Daily Training in Budapest Office
Daily Training in the XM.com Budapest Office

XM.com is available in 200+ countries.

See some of the countries XM.com operates in

Albania
Algeria
Andorra
Angola
Anguilla
Antigua and Barbuda
Argentina
Australia
Austria
Bahrain
Belarus
Belgium
Bulgaria
Chile
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Gibraltar
Greece
Greenland
Hungary
Iceland
Ireland
Italy
Kuwait
Latvia
Liechtenstein
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Netherlands
Norway
Oman
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Slovakia
Slovenia
South Africa
Spain
Sweden
Switzerland
Ukraine
United Arab Emirates
United Kingdom
Uruguay

XM.com offers customers support through its website in 29 languages. The broker also offers 24-hour support 5 days a week through email, live chat and local phone numbers to its five international offices. Customers can reach the dedicated customer support desk as well by email or phone.

See all the languages XM.com operates in

  1. English
  2. Greek
  3. Japanese
  4. Simplified Chinese
  5. Traditional Chinese
  6. Bahasa Malay
  7. Bahasa Indonesia
  8. Hungarian
  9. Russian
  10. French
  11. Spanish
  12. Italian
  13. German
  14. Polish
  15. Hindi
  16. Arabic
  17. Portuguese
  18. Czech
  19. Slovakian
  20. Bulgarian
  21. Romanian
  22. Bengali
  23. Urdu
  24. Thai
  25. Farsi
  26. Nepali
  27. Tagalog
  28. Cebuano
  29. Serbian.

Can I Trust XM.com?

XM.com offers a very safe and secure means for trading forex and CFDs. The firm is regulated by multiple reputable agencies worldwide including The Financial Conduct Authority (FCA) in the UK, The Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the EU, the Australian Securities and Investments Commission (ASIC) in Australia and the IFSC in other regions where it operates.

All of these agencies have strict compliance guidelines. One such requirement is that the broker must submit financial statements regularly to CySEC to ensure that the firm possesses adequate capital to operate.

All of these regulators require XM.com to segregate its customers’ assets in separate bank accounts at top-tier financial institutions. Customers of XM.com also have great protection in the event that the firm fails. For example, regulations prevent XM.com from using clients’ assets to pay creditors.

Customer funds also receive protection through multiple trader compensation schemes including CySEC’s Investor Compensation Scheme and the FCA Financial Compensation Scheme. These programs compensate brokerage account holders in the event of a brokerage firm’s financial collapse or its inability to make customers whole on their account balances.

See the table below for exactly which regulator covers you in your country and what protection is offered.

RegulatorCountries CoveredProtection OfferedAdditional Protection Offered
Financial Conduct Authority (FCA)Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK.All client funds are held in a segregated client bank account
Financial Services Compensation Scheme (FSCS) may cover up to £50,000 if XM.com fails.
Cyprus Securities Exchange (CySEC)Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, The Netherlands, United Kingdom.

CySEC also offers a provision of services to certain countries outside of the EU.
All client funds are held in a segregated client bank accountThe Investor Compensation Fund may provide up to €20,000 if XM.com fails.
Australian Securities and Investments Commission (ASIC)Australia, New Zealand and South AfricaAll client funds are held in a segregated client bank account
International Financial Services Commission (IFSC) BelizeInternationalProvides appropriate supervision and regulation of international financial

Cyprus Securities Exchange

The Cyprus Securities and Exchange Commission (CySEC) is the financial regulatory agency of Cyprus.

Cyprus is a European Union member and is a financial services industry hub. Customers in countries regulated by CySEC are eligible for compensation of up to €20,000 if XM.com fails.

XM.com’s CySEC License Number is 120/10.

Financial Conduct Authority

The UK’s Financial Conduct Agency (FCA) regulates XM.com’s activities in the UK.

The FCA is widely respected as a leader in financial regulation. In addition, the UK scores highly in Transparency International‘s rankings of countries based on their corruption perceptions index meaning the UK is a pillar of anti-corruption. XM.com customers in the UK are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the UK if XM.com is unable to pay.

XM.com’s Financial Services Register reference number is 705428.

Australian Securities and Investments Commission

The Australian Securities and Investments Commission (ASIC) covers XM.com’s activities in Australia, New Zealand and South Africa.

ASIC’s oversight of XM.com means that client money is held in a trust and completely separate from XM.com’s own money. Unlike other jurisdictions, however, if you are based in Australia or South Africa, there is no additional compensation scheme in place to cover your deposit. That doesn’t mean it isn’t safe to deposit with XM.com if you’re in Australia or South Africa. Rather, you are offered only the legal protection afforded by the Australian legal system. That being said, money held in trust in Australia is highly regulated and covered by the Corporations Act.

XM.com’s Australian Financial Services License reference number is 443670.

XM.com Trading Products

XM.com offers its customers access to trading in forex and CFDs of:

1) Forex

XM.com provides markets in more than 55 + pairs including all majors, minors and many exotics:

XM.com Forex

Currency Pair
AUDCAD
AUDCHF
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
CHFSGD
EURAUD
EURCAD
EURCHF
EURDKK
EURGBP
EURHKD
EURHUF
EURJPY
EURNOK
EURNZD
EURPLN
EURRUB
EURSEK
EURSGD
EURTRY
EURUSD
EURZAR
GBPAUD
GBPCAD
GBPCHF
GBPDKK
GBPJPY
GBPNOK
GBPNZD
GBPSEK
GBPSGD
GBPUSD
NZDCAD
NZDCHF
NZDJPY
NZDSGD
NZDUSD
SGDJPY
USDCAD
USDCHF
USDCNH
USDDKK
USDHKD
USDHUF
USDJPY
USDMXN
USDNOK
USDPLN
USDRUB
USDSEK
USDSGD
USDTRY
USDZAR

2) Shares

Traders on XM.com platforms can trade CFDs of shares in more than 300 companies around the world on the largest global stock exchanges. Traders can find the complete list of share CFDs on the XM.com website.

3) Commodities

XM.com traders can trade 8 of the most popular commodity CFDs:

XM.com Commodities

Commodity
Cocoa
Coffee
Corn
Cotton
High-grade copper
Soybeans
Sugar
Wheat

4) Equity Indices

The 18 cash indices CFDs offered for trading on the XM.com platform comprise most of the largest country stock indices in the world.

XM.com Equity Indices

Symbol
AUS200Cash
CHI50Cash
EU50Cash
FRA40Cash
GER30Cash
GRE20Cash
HK50Cash
IT40Cash
JP225Cash
NETH25Cash
POL20Cash
SINGCash
SPAIN35Cash
SWI20Cash
UK100Cash
US100Cash
US30Cash
US500Cash

5) Precious Metals

XM.com traders can trade gold and silver CFDs on the platforms.

6) Energies

The following energy CFDs are available to traders on the XM.com platforms:

XM.com Energies

Commodity
Brent Crude Oil
London Gas Oil
Natural Gas
WTI Oil
WTI Oil mini contract

7) Cryptocurrencies

XM.com offers trading in bitcoin CFDs.

XM.com Account Types

Traders can choose from three XM.com account types offered by the broker: a standard account, micro account or zero account. Regardless of which option traders choose, they can also open a demo account to practice strategies and trading.

XM.com Account Opening

Once traders choose an account, they have access to the XM Member section of the site and the trading platform they choose. The XM Members section is where traders manage their account including depositing and withdrawing funds, claiming promotions, checking positions and leverage and accessing the trading tools offered through XM.com.

Traders also choose their log-in details when creating their forex account. These details correspond to the log-in details used to access the trading platform.

Traders can choose forex or multi-asset options when opening their accounts. A multi-asset account allows the trader to trade forex as well as CFDs on stocks, indices, commodities, and cryptocurrencies. Both forex and multi-asset accounts are available as standard, micro or zero accounts. The table below summarizes the three types of accounts:

XM.com demo account traders have $1,000 in virtual trading funds and can access real-time data and analytic tools on the platform. In addition, they have full use of XM.com’s 24/5 support and all of the site’s educational materials.

XM.com Spreads and Fees

Traders with mini and standard accounts don’t pay commissions on CFD trades. Instead, they pay the XM.com variable spread on each trade. XM.com offers only variable spreads, which means spreads can widen above the minimum XM.com spread as market conditions become more volatile.

XM.com never imposes trading restrictions on accounts after news announcements and also offers fractional pip pricing to customers. The XM.com spreads charged to traders are detailed in the charts below:

Forex Spreads

XM.com Forex Spreads

Currency PairMinimum Price FluctuationSpreads as low as
AUDCAD1.0E-50.00021
AUDCHF1.0E-50.00012
AUDJPY0.0010.01
AUDNZD1.0E-50.00014
AUDUSD1.0E-50.0001
CADCHF1.0E-50.00024
CADJPY0.0010.013
CHFJPY0.0010.01
CHFSGD1.0E-50.00022
EURAUD1.0E-50.00023
EURCAD1.0E-50.00021
EURCHF1.0E-50.00017
EURDKK1.0E-50.00106
EURGBP1.0E-50.0001
EURHKD1.0E-50.00074
EURHUF0.0010.08
EURJPY0.0010.01
EURNOK1.0E-50.00135
EURNZD1.0E-50.00028
EURPLN1.0E-50.00299
EURRUB0.00010.0165
EURSEK1.0E-50.00177
EURSGD1.0E-50.00024
EURTRY1.0E-50.00111
EURUSD1.0E-50.0001
EURZAR1.0E-50.00248
GBPAUD1.0E-50.00012
GBPCAD1.0E-50.00015
GBPCHF1.0E-50.00016
GBPDKK1.0E-50.0003
GBPJPY0.0010.01
GBPNOK1.0E-50.0013
GBPNZD1.0E-50.00035
GBPSEK1.0E-50.0033
GBPSGD1.0E-50.00042
GBPUSD1.0E-50.0001
NZDCAD1.0E-50.00031
NZDCHF1.0E-50.00021
NZDJPY0.0010.014
NZDSGD1.0E-50.00034
NZDUSD1.0E-50.00011
SGDJPY0.0010.033
USDCAD1.0E-50.0001
USDCHF1.0E-50.0001
USDCNH0.00010.0018
USDDKK1.0E-50.0002
USDHKD0.00010.0011
USDHUF0.0010.101
USDJPY0.0010.01
USDMXN1.0E-50.0017
USDNOK1.0E-50.00052
USDPLN1.0E-50.00072
USDRUB0.00010.0185
USDSEK1.0E-50.00029
USDSGD1.0E-50.0003
USDTRY1.0E-50.00069
USDZAR0.00010.0115

Commodities Spreads

XM.com Commodities Spreads

SymbolDescriptionMinimum Price FluctuationValue of Minimum Price FluctuationSpreads as low as
COCOAUS Cocoa1USD 111
COFFEUS Coffee0.0001USD 10.007
CORNUS Corn0.0001USD 0.040.022
COTTOUS Cotton No. 20.0001USD 10.0044
HGCOPHigh Grade Copper0.0001USD 0.20.007
SBEANUS Soybeans0.0001USD 0.040.01
SUGARUS Sugar No. 110.0001USD 10.0008
WHEATUS Wheat0.0005USD 0.20.012

Equity Indices Spreads

XM.com Equity Indices Spreads

SymbolMinimum Price FluctuationSpreads as low as
AUS200Cash0.013
CHI50Cash116
EU50Cash0.012.1
FRA40Cash0.011.8
GER30Cash0.012
GRE20Cash0.013
HK50Cash114
IT40Cash113
JP225Cash112
NETH25Cash0.010.6
POL20Cash13
SINGCash0.010.6
SPAIN35Cash17
SWI20Cash0.015
UK100Cash0.011.5
US100Cash0.012
US30Cash0.012
US500Cash0.010.7

Precious Metals Spreads

XM.com Precious Metals Spreads

Currency PairMinimum Price FluctuationSpreads as low as
GOLD0.010.4
SILVER0.0010

Energies Spreads

XM.com Energies Spreads

SymbolDescriptionMinimum Price FluctuationValue of Minimum Price FluctuationSpreads as low as
BRENTBrent Crude Oil0.01USD 10.05
GSOILLondon Gas Oil0.01USD 0.041.5
NGASNatural Gas0.001USD 10.03
OILWTI Oil0.01USD 10.05
OILMnWTI Oil Mini0.01USD 0.10.05

XM.com also either credits or debits a client’s account for overnight positions.

Customers pay no other XM.com fees, including when depositing and withdrawing funds. Accounts that are dormant for 90 or more days incur monthly fees of $5.

Account Requirements

Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while XM.com Zero accounts require a minimum deposit of $100. Traders pick their currency of choice when opening their accounts and cannot change this selection once it is made.

XM.com accepts clients from all over the world. However, due to the Dodd-Frank Act passed by the US Congress, the Commodity Futures Trading Commission (CFTC) no longer allows US residents to open XM.com trading accounts.

Opening an XM.com account takes less than five minutes. First, you fill in some basic information including your name and address and some information about your financial background and trading experience. XM.com then sends you an email with your log-in details.

Before you can trade with XM.com for the first time, you need to provide identity and residential address verification. Documents accepted include the following:

A color copy of valid passport or other official identification document issued by authorities (e.g. national ID card, driver’s license or government ID). The identification document must contain the following:

  1. Full name
  2. Issue or expiry date
  3. Place and date of birth or tax identification number
  4. Signature

To pass the residential address verification, you will need to provide a recent utility bill no older than 3 months. Acceptable bills include the following:

  1. Electricity bill
  2. Water or gas bill
  3. Phone bill
  4. Television services bill
  5. Internet bill

Traders then need to make a deposit in their account. There are several options for funding:

Credit Cards

Traders can deposit in:

Diners
Club
MaestroMasterCardUnion PayVisa
AUDAUDAUDAUDAUD
CHFCHFCHFCHFCHF
EUREUREUREUREUR
GBPGBPGBPGBPGBP
HUFHUFHUFHUF
JPYJPYJPYJPYJPY
PLNPLNPLNPLN
RUBRUBRUBRUB
SGDSGDSGDSGDSGD
USDUSDUSDUSDUSD
ZARZARZARZARZAR

Funds are generally available instantly with the exception of Union Pay, which takes 24 hours.

Electronic Payments

Traders can deposit in:

BoletoFastPayGiropayiDealKlarnaNetellerOxxoPaySafe
Card
Perfect
Money
Przelewy24QiwiSkrillWebMoney
USDUSDUSDUSDUSDUSDUSDUSDUSD
EUREUREUREUREUREUREUREUR
GBPGBPGBPGBPGBP
JPYJPYJPY
CHFCHFCHFCHFCHF
AUDAUDAUD
RUBRUBRUBRUB
PLNPLNPLNPLNPLNPLN
HUFHUFHUF
SGDSGDSGD

Most funds available instantly, but varies by country and method of deposit.

Bank Wire Transfers

These require a minimum deposit of $200 in USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD or ZAR. Funds are generally available in two to five business days.

Local Bank Transfers

These require a minimum deposit of $200 in USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF or SGD. Funds are generally available in two to five business days.

CFD traders on the XM.com platform have access to varying amounts of leverage depending on the amount of equity they have in their accounts:

EquityLeverage
$5 - $20,0001:1 to 1:888 for Micro and Standard accounts
1:1 to 1:500 for Zero accounts.
$20,001 - $100,0001:1 to 1:200
$100,001 +1:1 to 1:100

Traders can calculate their XM.com margin requirements for each trading instrument. The XM margin requirements for precious metals is calculated by taking the number of lots multiplied by the contract size and the market price and then divided by the leverage. For other CFDs, the XM.com margin requirements are calculated by taking the number of lots multiplied by contract size and opening price and margin percentage.

Forex XM.com margin requirements are calculated by taking the number of lots multiplied by contract size and then divided by leverage. The free margin available to traders is the difference between the equity in their accounts and the margin used.

Traders should keep track of the margin available for use in their account. Accounts that exceed the allowable margin face the risk of having positions closed out by XM.com.

XM.com Withdrawal

XM.com has withdrawal minimums depending on the method of withdrawal. For withdrawals to credit and debit cards and eWallets, there is a $5 minimum. The minimum withdrawal amount for a wire transfer to a bank account is $200.

When making a withdrawal, XM.com transfers your funds back to the original source you used to fund your account. In some cases, if they can’t refund the excess profits back to the original source used to fund the account, they will transfer the funds to your identified bank account. This account needs to be in the same name as the account maintained with XM.com.

Withdrawal Times 

XM.com will only make withdrawals to customers who have uploaded their documents and verified their accounts.

XM.com completes all withdrawal requests within 24 working hours. All withdrawal requests submitted will be instantly reflected in the clients’ trading account as pending withdrawals. However, depending on the final destination of the withdrawal, it may take up to five business days for funds to arrive.

All client withdrawal requests shall be processed in the currency in which the deposit was originally made.

XM.com may require copies of your credit card before approving a withdrawal request. Traders should consult the Funds Withdrawal section of the XM.com website for more details on this topic.

XM.com Platform Review

XM.com offers several versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. This review will focus on the web-based Web Trader version of the MT4 platform.

Logging in to the XM.com MT4 platform is simple and straightforward. The overview page shows all the platforms available with XM.com. Here traders click on the MT4 platform and their computer – PC or Mac.

They are then directed to the download page where they can click the download link and arrive at the setup window.

The download is very quick. Once traders agree to some standard disclosures they can click the MT4 icon on their desktop and be on the platform in minutes.

Market Watch Panel: This panel contains the live prices and symbols of popular instruments traded on the XM.com MT4 platform.

Chart Window: This large panel in the middle of the screen displays the historical prices, indicators and chart tools used to create price charts. The chart window opens with four charts, and traders can customize and configure each of these charts with unique indicators and technical analysis tools. While this might not seem out of the ordinary, many other CFD platforms offer only one chart at a time, so this feature is a nice one for technical traders.

Terminal Window Panel – This panel shows the trader’s active, pending and closed trades. This panel is also where the trader can configure alerts and monitor the platform with the journal tab, which shows important trading and system messages.

The Market Watch Panel displays the most popular symbols traded on the platform. Traders can right click on the panel and use the “show all” option to get a list of all instruments available to trade on the platform. Right-clicking on a particular symbol and clicking on the chart option adds a new chart for that symbol in the Chart Window. Traders can also left click on a symbol and drag the instrument into the Chart Window to see a chart.

Traders can also right-click on any part of the Market Watch panel to get a list of useful data points such as high-low prices and time of last trade for each instrument in the panel. When traders click on any of these data points, the information appears in the Market Watch panel. Traders also have the ability to right-click on a symbol and pull up a tick chart for a particular instrument.

While all of these functions provide useful data for active traders, the XM.com MT4 platform comes across as a little clunky and not very intuitive. Whereas most platforms easily integrate the information across all of their panels, this platform seemed to require more effort.

The Chart Window, however, has some great features that make the XM.com MT4 platform stand out from other systems. Traders can access their open orders and a ticket window by right-clicking on a specific chart. They also can change the timeframe, perspective, and colors of a chart.

With the window tab at the top of the platform, traders can organize the charts in cascade, horizontal or vertical format. Active traders that like to keep multiple charts open at once are certainly going to find these features attractive.

Overall the XM.com MT4 platform is a solid platform although a bit awkward to navigate at times. Its standout feature is definitely its ability to display multiple charts with different indicators at the same time.

XM.com Education Resources

The XM.com Research and Education section offers a very detailed library of educational materials for traders:

Market Reviews: This section covers the latest news driving forex, stock and commodities markets and contains technical analyses of trading instruments by the XM.com research team.

Stock Market News: This section devoted specifically to equity markets contains news stories and analyses.

Forex News: This section devoted specifically to forex markets contains news stories and analyses.

Investment Themes: This section contains articles with broad market investment themes.

Technical Analysis: This section contains articles by XM.com researchers with actionable insights derived from technical analysis.

Analysis Videos: This section offers daily reviews of the market action delivered through videos made by senior XM.com research staff.

Learning Center: This section contains forex webinars, video tutorials, and forex seminars. The webinars are conducted six days a week in 18 languages by 28 instructors. They cover everything from cryptocurrency trading to technical analysis. The video tutorials offer insights and tips on using the platform. The seminars are conducted live in cities across the globe and cover a variety of trading topics.

XM.com Demo Account MT4 platform

Traders on the XM.com platform can utilize their XM.com demo account to practice trade ideas and gain experience trading. Demo accounts have access to XM.com research and all platform features.

XM Demo Account

Does XM.com Offer Sign-Up Bonuses?

As XM.com operates within the EU, it is governed by new legislation that stipulates how brokers cannot offer sign-up bonuses. This is part of the Markets in Financial Instruments Directive (MiFID) that applies EU-wide in a bid to make trading more transparent and to protect traders. Brokers offering sign-up bonuses (post-January 3rd, 2018) are a) unregulated in an EU country, which means your money may not be protected or b) they’re not regulated at all and could be illegally operating their business.

That said, the latest XM.com promotion for current customers a free virtual private server. XM.com touts that this service limits downtime allows 24/7 access to the system and increases trade speed.

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