Forex & CFD Trading on Stocks, Indices, Oil, Gold by XM™ (2024)

FAQs

Is XM legit or fake? ›

XM is not a scam

You can rest assured, XM is considered reliable as it is regulated by the top-tier ASIC in Australia. I am a seasoned forex trading expert, with nearly a decade of experience in both manual and algorithmic trading.

Here's what you need to know about XM: A broker is good for beginners if it has low fees and an easy-to-use platform. XM has a user-friendly mobile platform. XM has Low transaction costs and a minimum deposit of $5.

Here are steps to claim the XM login $30 no deposit bonus: 1️⃣ Step 1: open a real account at XM by registering a real trading account. 2️⃣Step 2: Log in to the Members Area using credentials provided via email to access your XM Members Area. 3️⃣ Step 3: Account verification is required to claim the bonus.

It depends on several factors, but most beginners tend to get exposure to indices at the start of their journey as forex is more suited for experienced traders. This is because the indices market follows the direction of stocks closely, making it slightly predictive of how the index will move in the future.

XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Trading Bonus. In other words, we give you $30 worth of credit (non-withdrawable) just for opening your first Real Account, allowing you to test our products and services by starting to trade with no initial deposit.

XM Forex is considered to be a legitimate and reputable trading platform by many users. It is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA).

XM does not provide services to residents of the United States of America.

The XM minimum deposit for Micro Account is 95 ZAR or $5. The Standard & Ultra-low Accounts on XM are full-sized trading accounts and with them you can trade all XM markets in larger volumes (Standard lots). These accounts also have a $5 minimum when it comes to deposits.

Best Broker Alternatives for XM Group

Interactive Brokers - 9.9/10 Overall. Saxo - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.

You can withdraw funds from XM any time

Let me start with the good news: XM is considered a legit and trustworthy broker, where your money is in good hands, and you can withdraw it whenever you want to.

What is the 5000 bonus on XM broker? ›

20% on the rest of your deposit up to a total of $5000

By supplementing your deposited funds with the XM bonus credit you can increase your possible returns without using additional leverage, allowing you to make greater profits without assuming greater risk.

For instance, if you use USD, the minimum initial capital requirement is $100. It is now time to choose the index you wish to trade. When choosing an index to trade, the factors to consider include trading conditions, trading hours, and your risk appetite.

To trade indices, you need to put up margin. If you are trading with 1:100 leverage, you will need to put up $1000 to control $100,000 worth of an index. However, using all of your available margin makes little sense, because if the market moves against you, you will be liquidated rather quickly.

Forex vs gold trading

Gold trading is known for its stability, which has made it one of the most popular investments for storing wealth. While forex traders might focus on short-term price fluctuations, most gold traders will look to take advantage of longer-term trends.

Understanding XM and Its Withdrawal Process

To withdraw money from your XM account, you need to follow a simple process. First, you need to log in to your XM account and go to the "Withdrawal" section. Then, select the amount you want to withdraw and choose your preferred withdrawal method.

Compliance with Local Laws

As a regulated online forex broker, XM Forex operates in compliance with the laws and regulations of Malaysia. This means that the company adheres to strict guidelines regarding client funds protection, anti-money laundering procedures, and other legal requirements.

XM is regulated by multiple tier-1 financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Belize International Financial Services Commission (IFSC).

The XM minimum deposit for Micro Account is 95 ZAR or $5. The Standard & Ultra-low Accounts on XM are full-sized trading accounts and with them you can trade all XM markets in larger volumes (Standard lots). These accounts also have a $5 minimum when it comes to deposits.