WikiFX Reviews XM | Is It Trustworthy?!

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XMs official website is https://www.xm.com/.

Our WikiFX database states that XM has a relatively high WikiScore of 9.01, meaning it is a highly reliable broker.

Founded in 2009, XM Broker initially carved out a niche in the trader market, focusing exclusively on intermediary services within the foreign exchange market. However, the company has achieved remarkable growth through relentless dedication and undeniable success. Today, XM is a reliable and secure international broker, operating in nearly 190 countries worldwide. Over the span of a decade, XM Broker has impressively attracted more than 5 million traders, setting itself apart by offering cutting-edge technological solutions.

XM Broker's ascent has been recognized through numerous accolades and achievements. It has earned the prestigious title of the Fastest Growing Broker and the Best Forex Service Provider, among other noteworthy distinctions. These accomplishments reflect the unwavering commitment of the XM Broker team to consistently enhance the quality of their services, year after year. The dedication to offering the very best to their traders remains at the heart of the company's mission.

XM Broker's growth and diversification illustrate its journey from a specialized niche player to a globally recognized and trusted brokerage operating on a grand scale. With an expansive global reach, the company's reputation for reliability and safety has resonated with traders in countless nations. As XM Broker continues to evolve, its unwavering focus on innovation and excellence ensures that traders can expect nothing less than exceptional service.

Market instruments:

XM presents an extensive and diverse arr

ay of products, ensuring traders have many options to match their specific expectations and preferences. Furthermore, the company's instrument offering has experienced remarkable growth over the years, with significant additions of Cryptocurrencies and CFDs, expanding the possibilities for traders.

XM opens the gateway to a wide range of trading markets through a single multi-asset account. This comprehensive offering comprises six Asset Classes and a remarkable selection of currency pairs, resulting in over 1000+ trading markets. Consequently, traders gain the flexibility to engage in Forex trading and delve into the world of CFDs, spanning stock indices, commodities, individual stocks, precious metals, energies, and Cryptocurrencies - all conveniently accessible from a unified trading account.

Types of accounts:

XM offers several account types. Please refer to the images below for more information:

Trading platforms:

Regarding trading platforms, XM stands out among brokers by offering traders access to the renowned MetaTrader 4 (MT4) and MetaTrader 5 (MT5). While XM may not have its proprietary platform, the availability of the full MetaTrader suite across multiple devices, including desktop, browser-based, and Android & iOS apps, is a noteworthy advantage. To further enhance the trading experience, XM provides additional platform proprietary indicators add-ons, thoughtfully developed by their in-house staff.

Admittedly, MT4 and MT5 may not be the most user-friendly platforms, particularly for beginners, which can be somewhat disheartening. However, to bridge this gap, XM has stepped up with their commitment to education and support for traders. They offer an impressive collection of 43 video tutorials covering all aspects of using the MT4 platform, forming part of their robust educational offering. This dedication to empowering traders with the necessary knowledge and skills showcases XM's proactive approach in confidently assisting traders of all levels to navigate these sophisticated platforms.

Customer Service:

At XM, they proudly distinguish themselves as a 'human broker,' putting the needs and satisfaction of their clients at the forefront.

Impressively, XM ensures constant accessibility for its clients by keeping their telephone lines open 24 hours a day, from Monday to Friday. Moreover, their dedication to seamless assistance extends to weekends, with live chat available for a generous 8-hour window on both Saturday and Sunday, ensuring clients are always supported.

A standout feature of XM's customer service is its commitment to personalized attention for all clients, regardless of their account size. Every XM client is assigned a dedicated Account Manager, reaffirming the broker's unwavering focus on ensuring each client receives the utmost care and assistance. This personalized approach resonates strongly with clients, fostering a sense of trust and loyalty in their trading journey with XM.

WikiFXs Verdict:

Despite being exclusively an MT4 and MT5 MetaTrader broker without its own platform, XM Group outweighs its shortcomings with many positives. While their pricing may be average and spreads not remarkably tight, the broker compensates with many advantageous features.

A notable strength lies in XM's research and educational offerings. With abundant valuable resources, this broker caters to the needs of both beginners and intermediate traders and even attracts the attention of more seasoned traders. Furthermore, XM's commitment to exceptional customer service further enhances the overall trading experience.

Exploring XM and making the most of their valuable offerings is highly recommended. Aspiring traders will undoubtedly find this broker a reliable and supportive ally on their journey towards success in the trading arena.