At the World Finance Forex Awards, XM was recognized as the Best Foreign Exchange Broker for the year 2022, making this accomplishment unprecedented for six years in a row for the company.
This year, we were given this distinguished award in recognition of the excellent quality of services we have provided in Europe, Australasia, the Middle East, and Latin America.
The XM team is extremely honored to have received this recognition since World Finance is widely regarded as a preeminent authority in the field of finance.
The victory we achieved this year is more evidence that our unwavering commitment to provide our customers with cutting-edge goods and first-rate support is paying off in spades.
We would like to extend our sincere gratitude to the World Finance Awards 2022 as well as to all of our incredible customers who motivate XM's further growth. We stay devoted to offering the greatest quality of trading services across the world.
A Brief Overview Of XM
XM which is specifically known for being a parent company of Trading Point Holding was fabricated back in 2009 and since then it's been operating globally as a Forex and CFD brokerage company.
And as for XM global, it was founded later than expected making its way in between late 2017 which is regulated by IFSC (International Financial Services Commission) under the license number of (000261/106).
Later on, the brokerage also got regulated with 3 other regulatory bodies (ASIC and CySEC) making it one of the most secure brokerages operating at the current time.
Moving on, XM global contains more than 1.5 million traders across 196 countries. Besides being fair is the main ethic of XM and that's the primary reason, the broker gets praised by numerous retail market traders.
XM offers 5 types of trading accounts to the retail market traders which go as follows: Micro, Standard, XM zero, XM ultra-low finally it's the XM share accounts. Let's get a brief overview on this:
First of all, the Micro accounts are more of a GO-TO platform for the new traders as it requires a deposit amount of only $5.
Don't let that amount distract you from anything because you'll be able to trade on all the base currencies including AUD, USD, GBP, CHF, JPY, EUR, PLN, and HUF.
Note: Just so you know, 1 micro lot = 1,000 units of the base currency.
In the same way, Standard accounts also offer all the base currencies similar to micro accounts and the deposit amount is also $5.
The only difference is in the standard accounts, 1 standard lot = 100,000 units of the base currency.
Moving on, the Zero accounts require a minimum deposit amount of $10 and the base currencies are USD, EUR, and JPY. The standard lot of zero accounts are also similar to standard accounts.
And in the Ultra-low accounts, the minimum required amount is $50 where USD, EUR, AUD, GBP, SGD, ZAR are the base currencies. The standard lot is also similar to standard accounts.
Note: XM ultra-low accounts are only available to certain trading groups.
That's not even all!
XM also offers share trading accounts along with swap-free trading accounts. The share accounts require a minimum deposit amount of $10,000 and the standard lot is similar to micro-accounts.
But the share accounts only allow you to trade on USD as a base currency.
As per the trading leverage, well it can vary from 2:1 to 30:1 pretty quickly which obviously depends on the trading instrument and the average spread is 0.1 pips on EUR/USD.
Apart from this, XM offers a market execution process rather than instant execution
XM renders an ultra-wide range of trading instruments to its users as they are committed that way to providing all the possible trading assets to the retail market traders.
And in order to execute that initiative properly, they are giving access to:
Forex: More than 57 currency pairs including the exotic ones.
Metals: Availability of precious metals including gold and silver.
Energies: You'll be able to trade on energies like Brent crude oil, GSOIL, NGAS, OILMn.
Commodities: You'll be eligible to trade on 15 commodity stocks.
Stocks: You'll be able to experience up to 28 major company shares along with 1240 stock CFDs.
Indices: You'll be able to trade on a wide range of indexes including the HUGELY popular ones.
Note: Due to diverse legal statics FBS doesn't allow any traders to trade on cryptocurrencies especially BTC.
Bonus & Promotion
Like all the regulated brokers who don't hesitate to provide any sorts of trading bonuses, XM also renders wholesome trading bonuses.
The bonuses kinda look like this:
$30 No deposit bonus: No deposit bonus is a one-time thing that a brokerage provides to its clients while registering an account with them. As for XM, they proffer a welcome bonus of $30 if you open an account with them.
Along with that, XM also offers a loyalty bonus along with a referral trading bonus which is also applicable to all retail market traders. But keep in mind that standard conditions may involve while applying for trading bonuses.
Hands down, reliable customer support is probably a must-have feature for a brokerage company to stay at the top of the race. As a result, XM also fabricated a 24/7 superactive customer support protocol.
This can be accessed via a live chat system, phone, and email. And that's not all, their customer support comes with multi-language support also.
Here's the contact info, in case you might need to contact them:
- Phone Number: +357 25029933.
- Email Address: [email protected]
Research & Education
Forex education materials are a great way to navigate this unstable and volatile trading industry. As it can help you to stay up to date with a lot of things.
Respecting the significance of educational materials, XM is committed to providing an effective and diverse learning centre.
You'll find numerous webinars, blog posts, analyses, trading tips, guidebooks, video tutorials, and whatnot! It is well organized and also made using a user-friendly perspective.
So, the beginners could get a hold of everything that's been going on!
That's not all, for exclusive research purposes, you'll be given access to Forex calculators along with economic calendars.
I have to stop here, but there is still much to discuss. Look at XM Review 2022 to learn more about this broker.
I hope you all have a good time in trading.