XM Trading is the world’s most popular Forex broker. It is used by many users and is expected to continue to grow. However, among those who are thinking of using XM from now on, I think there are many people who are wondering if the usability of XM itself is the torso. So, I collected the raw voices of XM users.
What is XM?
Please refer to the following article for information on XM’s company information and acquisition licenses.
bad reputation
So, I collected a collection of bad reviews of XM.
I can’t open a corporate account
The spread is wide and I can’t win
Many currencies with negative swaps
High withdrawal fee
good reputation
So, we have collected a collection of good reviews of XM Trading.
Withdrawal refusal
execution speed
lots of bonuses
Enhanced Japanese support
High leverage and no additional collateral
low minimum deposit
How does XM compare to other Forex brokers?
XM has a luxurious bonus, but the disadvantage is that the spread is wide.
In other words, if you are going to trade in the short term, you should only have options in XM with relatively narrow spreads such as EURUSD and USDJPY.
Spread spec comparison of FX5 company
USD/JPY | EUR/JPY | GBP/JPY | EUR/USD | |
Gemforex | 1.2pips | 1.4pips | 1.9pips | 1.2pips |
AXIORY | 1.5pips | 1.7pips | 2.7pips | 1.3pips |
iForex | 0.9pips | 1.7pips | 2.5pips | 0.8pips |
TradeView | 1.8pips | 1.9pips | 2.3pips | 1.7pips |
XMTrading | 1.6pips | 2.6pips | 3.5pips | 1.6pips |
Although XM is inferior in specs and spreads, there are also benefits such as being able to trade with a maximum leverage of 1000 times, getting a bonus, and depositing from a minimum of 500 yen.
Click here to open an XM account
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