XM broker is one of those brokers that people think that they should go for it especially with FX trading. But, many people are those who are always uncertain about every broker. Perhaps you are also one of them.
But don’t worry because it is natural to suspect every broker because there is a matter of money and assets that you never want to lose.
That is why we have an honest and brief XM broker review for you so that you can decide whether XM broker is suitable for you not:
XM Broker Introduction
XM broker was established in 2009 and is controlled and managed by Trading Point Holding. It is one of the most reputable companies related to CFD and FX. This broker is available in almost every region of this world, with its accessibility in 190 countries. And its support system is also one of the best in the world because you can communicate with XM broker’s employees in 30 different languages. Visit Here: topworld56
XM broker is capable of becoming one of the best in the world. But on the other hand, there are some drawbacks in trading and trading platforms that stop it from that milestone. But it never means that you should not go for it because a broker that is not suitable for others can be suitable for you. After all, it all depends on the style of trading of every trader.
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XM Broker Regulations
XM broker’s main office and head office is situated in Cyprus. But don’t worry because it also has many branches globally in different countries like Australia, Belize, the UK, and Greece. When we talk about XM broker regulation, it is regulated by different countries’ different reliable security authorities. So, you have to choose that regulation that is close to your country and is acceptable in your country.
XM is regulated by three financial security authorities:
- (ASIC) the Australian Securities and Investments Commission
- (CySEC) the Cyprus Securities and Exchange Commission
- And (IFSC) the International Financial Services Commission of Belize
Leverage of XM Broker
Leverage is another important thing after security that a common trader should look at before going for any FX or CFD broker. So, we are here with the leverage of the XM broker. For XM brokers, leverage completely depends on the type of account that a trader is using. But for an idea of XM broker’s leverage, we can tell you leverage scale: leverage changes from account to account from 1:1 to 888:1.
Leverage also changes with the region in which you are trading and using XM broker. For example, suppose you are using the account in which you have chosen the regulation of Europe. In that case, you will get leverage 30:1. But if you are using an account with regulations of Australia, then you can trade with leverage of 500:1. And worldwide, the highest leverage provided by XM brokers is 888:1.
Pro Tip: Conclusion
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