XM Global MARKETS BROKER REVIEW 2023

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An industry leader also known as XM Global, XM Markets, XM Group, XM Global Limited or XM Broker, opened its doors in 2009 with headquarters in Cyprus.  XM has grown to be a very popular broker amongst forex traders all over the world, as this broker is full of perks that are attractive to many trading styles. XM’s management has visited over 120 cities globally in the quest to understand clients’ and partners’ needs. 

Since its inception, XM has worked extremely hard to become a  well-established international investment firm and a true industry leader with more than 2 500 000 clients from 196 countries. We can safely say XM Markets is able to satisfy most traders and the brand has a reputation for good trading conditions, low spreads, and a swap-free Gold account.

 XM is a broker with a great reputation and numerous regulations and a very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and XM has one of the lowest deposit requirements in the industry. XM supports webinars and research materials, allowing you to engage and start a successful trading career. 

 XM achieved a great focus on the Client’s needs while offering very competitive conditions and a range of services that attract global traders. 

Over time, we have seen the broker develop its company and its awards are a testament to their hard work and innovative thinking,  XM is a Forex Broker that receives awards on a regular basis. Apart from its highly good results and reputation among the trading community, XM has received true global recognition with many reputable awards for industry achievements including Best Forex Broker for Europe, Most Trusted Broker, etc. 

 Due to its global presence, XM.com may offer various account types that may differ according to the regulated entity to which it complies, therefore clients may experience different fee structures too, according to their country or place of residence. 

 XM Markets offers a wide variety of funding and withdrawal options for traders, making it easy for clients to manage their trading accounts. With a minimum deposit requirement of just $5, traders can choose from several deposit methods including Bank Transfer, VISA, Mastercard, Cryptocurrencies, and Payment Agents. XM Markets also supports crypto deposits and withdrawals, providing traders with additional flexibility when it comes to managing their accounts. The withdrawal processing time at XM Markets is quick and efficient, with most withdrawals being processed within 24 hours. This ensures that traders have access to their funds in a timely manner, enabling them to capitalize on trading opportunities as they arise. With XM Markets, traders can rest assured that their funds are secure, with all client funds being kept in segregated accounts. Join XM Markets today and experience the ease and convenience of their flexible funding and withdrawal options. 

-Minimum Deposit:$5   

-Deposit Methods: Bank Transfer, VISA, Mastercard, Cryptocurrencies, and Payment Agents 

-Withdrawal Processing Time:24hrs

-Crypto Deposits & Withdrawals: Yes                              

XM is a fully loaded broker that offers trading accounts with exceptional conditions and the broker does well with its marketing and engages its clients very well with lots of promotions and competition.   XM Markets provides a fast and reliable order execution process, with over 99.35% of orders being executed in less than one second. Traders also have access to a range of educational resources, including webinars, video tutorials, and market analysis tools, to help them make informed trading decisions. XM Markets is committed to providing its clients with a secure and transparent trading environment, with all client funds being kept in segregated accounts and negative balance protection offered to all account holders.  

XM has many pros as a broker which we will highlight below:

- Easy account opening 

- Trading Bonuses

-24/7 Crypto CFD Trading

-Adjustable leverage

-Personal Account Manager

-Unlimited Access to Video Tutorials

-Free Daily Technical Analysis

-Daily Forex Market Outlook

-Daily Access to Forex Trading Signals

-Free Access to Forex Market Research

-Free Access to Daily Forex Webinars

-24/7  customer support

-Low spreads, Fast order execution, & No requotes

- Regular promotions and trading contests with legitimate winners

- Wide range of trading platforms

- Low-cost trading with swap-free accounts

- More than 99 % of all XM.com orders are executed in less than a second, with no re-quotes or rejections 

- Full EA functionality 

 XM Trading is a  popular forex broker in South Africa & they are a market maker broker.  XM Trading is a reputable forex broker that is regulated by 2 top-tier regulatory bodies CySEC & ASIC. Although they are not regulated by FSCA in South Africa. 

Commissions and fees with XM depend on the account type the trader uses. All accounts come with different perks and a trader should consider their long-term needs when choosing the account to open with XM. In order to cut costs on spreads, traders should choose our recommended account type which is XM's Ultra Low account.

With XM Market, traders can choose any payment method to withdraw and deposit funds, and they will not apply any extra charges to the transaction. So you will receive 100% of your amount on deposits & even withdrawals.  Besides the spread, XM does not charge any other extra commissions on any trade. Overall, XM’s fees are considered moderately competitive with Ultra Low accounts but higher with Standard & Micro Accounts. 

 South African traders can choose ZAR as the base currency for their XM Trading account. Or you can even choose USD, EUR, GBP, or  AUD as the base currency of your account.