XM Experience & User Reviews
What we liked about XM
XM currently offers 5 cryptocurrencies and has more than 1000 available trading assets. With over 30% successful retails traders XM is a the top of brokers. Not many broker have a higher percentage of winning traders.
What we disliked about XM
XM currently lacks learning material compared to other brokers. Their spreads and swaps are slightly above average and could use a lowering.
BrokerCheck Review of XM
XM currently offers around 1000 Trading Instruments. These currently include 5 crypto currency pairs. XM’s biggest plus points are the regular and spontaneous bonus promotions. As a beginner you get the possibility to get an additional credit of 25$ with a 5$ deposit and for larger deposits a variable bonus up to 5000$. For Heavytraders, XM is probably not the best choice, as the fees are slightly above average for certain assets. For example, the DAX with 2 points. The trading platforms have been supplemented with Metatrader 4 and Metatrader 5 by an XM Webtrader. XM offers a rich portfolio of learning materials. Overall, we would recommend XM as an entry-level broker or for smaller accounts.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.39% of retail investor accounts lose money when trading CFDs with this Broker.