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 XM Broker review

XM Broker Features 

trading platforms

MT4, MT5

licenses

ASIC, CySEC

Deposit Options

Wire, Visa, Mastercard, Neteller, Skrill

Withdrawal options

Wire, Visa, Mastercard, Neteller, Skrill

Assets available for trading

Forex, Indices, Stocks, Commodities, CFD

demo account

Yes

Withdrawal commission

Yes

Minimum deposit amount

$5

Islamic account

Yes

Year Founded

2009

ATTENTION: XM Boker has a long experience in the world of online trading and is well licensed by the Cyprus Securities and Exchange Commission (CySEC), but if you want to trade with Islamic accounts, you may have to check the conditions and minimum requirements for this account. The decision to open it, and compare that with the offers of the best licensed forex trading platforms listed on a trust site, as there may be better or more flexible offers in terms of the amount of deposits scheduled to open the trading account. 

XM Boker Trading Company Overview

XM Boker was established in 2009 in the State of Cyprus as one of the financial services companies specialized in the field of brokerage and online trading. Over the years of its activity, XM Boker has been able to expand the scope of its business, which has benefited more than 3.5 million traders from 196 countries around the world. The world, through its digital platforms, has conducted more than 2,400,000,000 trading transactions without rejection or re-quotes. 

If we want to evaluate XM Boker in terms of the level of customer support, the company provides support through its customer service team in more than 30 live languages, with the aim of facilitating the process of communicating with its customers around the world, in addition to that XM Boker is one of the most eager companies to be present in conferences and international forex trading events, and its management has visited more than 120 cities around the world to communicate directly with partners and clients. 

Is XM guaranteed to invest with it? 

There is one criterion to be relied upon in determining the guaranteed and reliable trading companies, which is the legal regulation and licenses obtained. From this point of view, it can be recognized that XM is one of the guaranteed trading companies, as it is approved by four of the regulatory bodies in the financial markets around the world; XM is certified by the IFSC in Belize and belongs to the category of licenses below average in terms of reliability.

The matter did not stop there, but the main company, Trading Point of Financial Instruments Ltd., obtained the approval of more important and credible bodies for traders, such as the Australian Securities and Investments Commission (ASIC) license and the Cyprus Securities and Exchange Commission (CySEC) license. As for the fourth license - which is of paramount importance to For the Arab trader in particular - it is issued by the Financial Services Authority in Dubai, which has officially registered the company under the reference number F003484. 

The reliability of XM trading company 

The credibility of XM - and other financial brokerage companies - can be inferred through several factors, including its long history in the financial markets. XM's experience in this field extends for nearly 12 years, and more than 3.5 traders of different nationalities and countries benefit from its services - as we mentioned earlier. Around the world, of course, it is difficult for any trading company to gain the trust of such a large number of customers and continue throughout those years unless it is credible. 

There is another criterion by which the credibility of trading companies can be evaluated, which is the international awards and honors, given that the international awarding bodies of these awards work to evaluate the performance, credibility and transparency of companies according to proven facts and accurate research results, and if we want to evaluate XM Broker from this point of view, we will find During the years of its activity, it has managed to obtain awards allocated to the best companies active in the financial market, most notably:

World Finance 100 . Award for Excellence in the Financial Sector 

It received the golden accreditation for leadership and development 

Best in Market Research and Education Award from CFI Magazine 

Chosen as the fastest growing broker in the Middle East at the Expo 2016 for Finance and Investment 

What trading account options are available from XM Boker? 

If we want to evaluate XM Boker in terms of the types of trading accounts, we will find that it places its clients in front of a relatively large number of options that provides them with greater freedom and flexibility, especially since these accounts vary in terms of their characteristics as well as in terms of the prescribed minimum deposits. 

Types of trading accounts offered by the XM trading platform 

Shares Account: Through this account, XM Boker offers the possibility of trading without leverage, it supports only the US dollar as the base currency and the minimum deposit in this account is 10 thousand US dollars. 

XM Ultra Low Account: The account gives the owners the opportunity to trade with the low spread, and it also gives them six options regarding the base currency, and this type of trading account can be opened with a deposit of 50 USD.

Standard Account: It offers more diverse options in terms of base currency up to 11 currencies, no commissions are charged for trades made through it, the minimum deposit required for this type of Xm Boker account is only $5.

Micro account: This type of account meets the needs of beginners and small capitalists, as it provides them with a large number of options and can also be opened with small deposits of only $5.

Does XM Boker support the Arab trader?

XM Boker pays great attention to customers from the Arab world and the Middle East, and this interest is represented in a number of aspects of support, special services and facilities, which can be summarized as follows:

Arabic language support: For ease of communication, XM Boker provides an Arabic version of its website entitled XMArabia, which is intended for customers from the Arab world, and it is also possible to communicate with the customer service team directly in Arabic. 

Islamic Account: The Islamic trading account is a necessity for a large segment of Arab traders, due to its compliance with the provisions of Sharia as it is free from any fees or commissions of interest, and XM Boker allows Arab investors to trade through this type of account.

Does XM Boker Trading Company provide leverage to its clients? 

 The evaluation of XM Boker by all measures will be in its favor, and the secret is due to its adoption of the flexible and high leverage system at the same time, that is, it allows the trader to determine the size of the leverage in line with his positions and the type of transactions he performs, which gives him greater ability To control the doubling of the purchasing power of his deposits while at the same time controlling to a greater extent the potential risks of his trades. 

The leverage ratio offered by XM Boker ranges from 1:1 up to 1:888, which is a very high ratio that outperforms quite a few of its competitors in the world of forex and online trading.