XM Profile Details: key information about the company
XM is one of the leading investment trading platforms in the world. It offers a variety of financial instruments that are relevant to everyone's needs. You can trade Forex, crypto, stocks, and bonds on a single platform with a single account. It's easy and efficient, with access to hundreds of markets, 24/5. Here, you will learn everything you must know before opening an account with XM.
You will learn about their history, their team, the financial regulations they adhere to, and all the markets they cover. This information will help you understand whether XM’s trading platform is worthy of your attention or not.
XM: Introduction and Snapshot
XM is a regulated broker-dealer that offers clients cross-platform trading with more than 100 instruments, including stocks, indices, and many other trading instruments. XM also offers investment types such as futures, options as well as Forex pairs.
The platform has a user-friendly interface and can be used by experts or newcomers to the world of trading. XM provides its clients with the ability to trade forex, cryptocurrencies, commodities, stocks, indices, and other trading instruments all from the same account. All the systems in place on this multi-asset platform are designed for speed and ease.
The entire process, from opening an account to making a deposit or withdrawal to placing a trade, is designed to be as simple and intuitive as possible for all of our customers. XM strives to deliver the same services to every client regardless of their net capital worth, account type, or investment size.
XM General Information
XM was founded in 2009. Since then, the platform has attracted well over 5,000,000 clients and transformed into one of the leading international investment firms.
Contact Information
| Registered Address | Suite 404, The Matalon, Coney Drive, Belize City, Belize. |
| Official site | https://www.xm.com |
| Customer support | support@xm.com |
| Phone | +357 25029933 (Cyprus) +612 8607 8385 (Australia) +501 223-6696 (Belize) |
| Working hours | 24/7 |
Enterprise History and Synopsis
XM facilitates trading on advanced trading platforms that offer flexible trading conditions. They have extensive trading experience, and they are constantly monitoring the shifting trends in the market and emerging technologies. Over the years, they have garnered multiple accolades and achievements.
Trading statistics
They have over 5,000,000 clients from over 190 countries.
Most of their clients are from Thailand, South Africa, and Columbia.
They have an unparalleled record of executing over 2.4 billion trades with zero rejections since the company’s inception.
13 full-featured platforms.
Notable Achievements and accolades in the last 5 years
Best FX Broker Australasia by World Finance Forex Awards 2023
Best FX Broker Latin America by World Finance Forex Awards 2023
Best FX Broker Middle East by World Finance Forex Awards 2023
Best Mobile App by Financial Expo Egypt 2023
Best Crypto CFDs by Financial Expo Egypt 2023
Most Reliable Broker and Most Transparent Broker by CFI.co 2021
Best FX Broker for Europe by World Finance 2021
Best FX Broker for Australasia by World Finance 2021
Best Online CFD & FX Trading Broker – Global by Global Business Awards 2020
Best Customer Service Experience – Global by Global Business Awards 2020
Most Trusted Asian Forex Broker award from Global Forex Awards 2019
Best Broker award by FinTech Age Awards 2019
Best FX Broker, Europe by World Finance Awards 2019
Best FX Broker, Australasia by World Finance Awards 2019
Best International Broker in the MENA Region in 2018
XM Group
The XM Group operates in 12 offices around the world with a dedicated team of 600+ professionals
XM Executive Team
Gloria Salazar Marín - Chief Information Officer [LinkedIn Profile]
Xiomara Miraflores - Chief Financial Officer [LinkedIn Profile]
Marco González Restrepo - Director of Design and Management of Digital Services [LinkedIn Profile]
XM Customer Base
Their customer base of 5 million is spread across 190 countries. Following is the list of ten countries with most of their customers.
Thailand - 40.99%
South Africa - 14.29%
Colombia - 4.14%
Philippines - 3.87%
Vietnam - 3.52%
Singapore - 2.82%
Malaysia - 2.33%
Mexico - 2.26%
Brazil - 1.66%
Namibia - 1.12%
Others - 23%
Legal Entities and Regulation
XM is a regulated trading platform and holds licenses from several leading regulators in the world:
Financial Services Commission (FSC) - License number 000261/309
Trading Point of Financial Instruments Limited
Australian Securities & Investments Commission (ASIC)
Cyprus Securities and Exchange Commission (CySEC) - Licence number 120/10
Furthermore, XM complies with all major European standards, including the MiFID (Markets in Financial Instruments Directive) directive that all CySEC licensees have to adhere to.
XM can legally trade in the following countries: USA, UK, Spain, France, Netherlands, Germany, Italy,Belgium and in some others countries.
XM Products and Services
XM lets its customers invest in over 1000 instruments across 8 asset classes, such as
Forex Trading
Crypto assets
Stock CFDs
Commodities
Equity Indices
Precious Metals
Energies
Shares
XM leverages the power of MetaTrader 4 and MetaTrader 5 trading terminals to deliver a seamless trading experience to traders. XM is available on:
Windows
Mac
Web
iPhone
Android
FAQ
What is the minimum deposit required to open an XM account?
The minimum deposit is $5.
What currencies are required to trade on XM?
XM accepts all major currencies, including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, and ZAR.
What documents are needed to open an XM account?
Any one from: Valid passport, Driver’s Licence, or any other government-issued ID cards.
Any recent utility bill from: electricity, gas, water, phone, oil, or a bank account statement dating back up to 6 months sent to your registered address.
How long does it take to process a withdrawal request on XM?
All withdrawal requests are processed within 24 hours. However, it may take up to 5 business days for the amount to reflect in your bank account, depending on the mode of withdrawal.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.