BrokAIr Reviews

XM Review

"XM has come under fire for its questionable trading practices, making it one of the least reliable online brokerages on the market." Have investors been taken for a ride with XM?

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Overview of XM

XM is an online brokerage firm founded in 2009, offering trading services in over 1000 financial instruments, including forex, CFDs and crypto. It has over 2 million registered accounts and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. XM is owned by Trading Point Holdings Ltd, a publicly listed company on the London Stock Exchange.

Pros & Cons

Public Opinion

The public opinion of XM is generally positive. Customers have praised their customer service, low spreads, fast execution speeds and wide range of financial instruments. On the other hand, some customers have complained about limited educational materials and the lack of US customers being accepted.

Founders & Newsworthy Events

Trading Point Holdings Ltd., parent company of XM, was founded in 2009 by a group of experienced entrepreneurs. The company is currently led by CEO Constantinos Cleanthous and Chairman Andrey Dashin. There have been several newsworthy events related to XM in recent years.