XM Forex Broker Profile With headquarters in Australia, Belize and Cyprus, XM allows you to open a trading account in several deposit currencies; AUD, CHF, EUR, GBP, HUF, JPY, PLN, RUB, SGD, USD, ZAR and the client’s funds are deposited with Investment Grade Banks.
You can credit your trading account using several funding methods; Cards, Bank Wire, Neteller, Skrill (Moneybookers). Their customer support team are available 24-hours a day and can answer your questions in the following native languages; Arabic, English, French, German, Greek, Hungarian, Indonesian, Italian, Korean, Polish, Portuguese, Russian, Spanish, Thai, Vietnamese, Czech.
Our overall rating for XM is a top 4.5 out of 5.
XM Verified Customers Reviews
Now let’s take a closer look at what XM customer’s say about this broker and its services. We will again resource to the data with the verified customer reviews from www.xmtrading.com to examine the pros and cons of XM forex broker.
XM has currently 88 verified customers reviews with an overall user rating of 4.5 out of a maximum score of 5. Of these 88 reviews, we found only four with a negative rating, which represents a low 4.5% rate of unsatisfied customers. Let’s analyse these reviews in more detail.
The negative reviews
The four negative reviews for XM centred on the same and only aspect; the spread. Other than that, we couldn’t find anything relatively negative that could impact the integrity of this broker.
The positive reviews
Regarding the positive aspects, the vast majority of the verified traders’ reviews, 84, had a positive opinion of this broker, even with some traders recommending it. So, out of the 84 positive reviews, we can highlight what traders like about XM; “fast deposit and withdrawal”, “the loyalty scheme is the best thing”, “excellent execution times”. But it seems XM scores top marks for their very friendly and “excellent customer support” service.
To also note that a few traders were recommending XM for high-speed trading, pointing at the “fast execution of trades”. And quite a few other traders were very pleased and happy with the maximum leverage (still) allowed by XM, that can be in some cases a unique 1:888, although we are not quite sure of that, as it seems that the official XM website is allowing, at least for European clients, maximum leverage of 1:30.
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