XEMarkets, more commonly known as XM, is a professional Forex broker established in 2009 and founded by a group of interbank Forex dealers who wanted to improve the level of quality and transparency within the Forex trading community.
XM’s headquarters are located in the Republic of Cyprus, where they are subject to regulatory oversight by CySEC. They are also registered with Germany’s BaFin and the UK’s FSA.
By trading with XEMarkets, you know you’re dealing with a professional Forex broker who holds high standards in regards to the safety of their clients funds and personal information.
In this quick broker review of XEMarkets we’ll look at what makes this Forex broker a magnet for European traders
XEMarkets offers varying versions of the commonly used Metatrader 4 platform. From a downloadable install to web-trading and even apps for Android, iPhones and iPads, XM offers several different charting solutions.
The design of XM’s website interface is inviting and has an organized layout. Apart from the access to trading assets, charts and configuration areas, XEMarket’s also has an All News area that contains trending economic updates, reports and analysis of the financial markets. Traders who use fundamental analysis to form trade ideas will find this useful. XM’s website has little to no lag or delays, and gives traders the option to decide between a dark or light theme.
Trading with XEMarket’s
Traders can get set up with a live XM account with as little as $5. This is arguable the lowest required minimum deposit in the Forex industry. With that type of financial flexibility, I had no problem with opening a new account and making an initial deposit to get familiar with the platform and its advantages.
As far as the trading instruments XM offers, this international Forex broker carries more than 100 different tradable assets. This includes Forex, CFD’s, indices, energies and metals. XM’s instruments have diversity, which is great for traders who want the highest possible opportunities to find profitable trades.
XM’s super tight trading spreads made me want to trade with them even more. Sitting at an average spread of 1.7 pips, they never charge any additional commissions! And with a maximum of 1:888 leverage, trading with XM should be a no-brainer.
XEMarket’s continues to be one of my most frequently used brokers to date – highly recommended.