XM Broker Review - A Detailed Look for Discerning Traders

XM is a broker that has established itself in the world of trading over a decade ago. Since its establishment in 2009 and online market introduction in 2012, XM has emerged as a capable and reliable broker, with multiple branch companies – XM Global, XM Australia, and XM Global (CY) Limited. However, as a discerning trader, you need to know more than just the company's history. This review aims to dissect XM from every angle, giving you a comprehensive understanding of what you are signing up for. So, sit back, and let's delve into the details about XM.

Our overall rating for XM broker stands at 5.2, which is above average when compared to many trading brokers.

Account Sizes

XM distinguishes itself by setting the minimum account size at a very low $5 entry point - an approach both novice and seasoned traders can appreciate. High-stakes traders or those looking for faster growth can, of course, opt for a higher initial deposit.

Regulation

XM has a serious regulatory framework backing its operations. This solid legal standing assures traders that their investments are safeguarded, and their trading channels are secure and encrypted.

Position Size

Regarding the position size, the minimum at XM is 0.01. Traders who prefer limiting their risks or adopting a step-by-step trading strategy will find this feature particularly appealing.

Spreads and Leverage

When it comes to XM's spreads, they lean on the low side, a feature attractive to traders in fast markets aiming for frequent, low-margin trades. High leverage is also provided, albeit you need to ensure to understand the risks associated with leveraging before jumping in (the code "recukZj2glawKxv0w" may be a threshold or identifier for maximum leverage).

US Traders

One of the significant downsides of XM, however, is its lack of accessibility to US traders. The broker does not cater to this market segment, potentially presenting an obstacle for traders based in the United States.

Exclusive Features

XM does offer a few attractive features. It offers trading by phone, expanding trading flexibility beyond just your trading platform. It also provides segregated accounts, ensuring the trader's funds remain separate from the broker's.

A dedicated personal manager is assignable to aid you in your trading journey. This can be especially beneficial for traders looking for guidance and advice. Additionally, XM provides free education resources to help traders enhance their trading knowledge and proficiency.

XM also offers bonuses, a great incentive for both new and existing traders. These bonuses can range from deposit match bonuses to trade-based rewards.

To conclude, XM is a regulated broker with an average rating. With a low minimum account size and position size, it is a viable option for traders of diverse financial capacities. The absence of support for US traders is a significant disadvantage and can be a deterrent for those based in the US. Besides this, the broker also offers several noteworthy features like trading by phone and free education, which are very valuable for traders at all levels.

Disclaimer: Trading involves significant risks, and it is essential to thoroughly understand your broker's offerings, the market, and your own risk tolerance. Always do your own due diligence before investing.