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| Source: XM. XM Logo. Retrieved from XM. (Accessed 24 February 2022): https://cloud.xm-cdn.com/static/xm/common/logos/XM-logo.jpg |
Hello forex traders, in this article, I want to share my opinion on XM Broker which I have recently registered other than IQ Option. As you all know that choosing brokers you want to trade with is very important to propel your trading result. You can have the best three pillars (money management, psychology, and analysis) of trading but if you do not have a good broker, then, your trading journey will be in vain and you only invite miserable loss that is caused by a bad broker.
XM Broker
Guess, I do not have to explain in detail but I can assure you that XM Broker is a well-known forex broker. Even on the internet, many people put good reviews on it. Besides that, I also use this XM broker to diversify my risk following the principle of the previous article I have written in this blog where the main point of that article is I should trade with more than one forex broker. If in the past, I wrote about IQ Option where that broker has their own platform, then, this XM broker is just like the majority of forex broker that uses MT4/MT5 for ease of use.
Licensed And Regulated Broker
For this matter, you do not have to worry about it because XM has many international licenses. According to the XM site, XM has four vitals licenses, that is, ASIC in Australia (Trading Point of Financial Instruments Pty Limited), CySEC in Cyprus (Trading Point of Financial Instruments Ltd), the FSC in Belize (XM Global Limited), and the DFSA (Trading Point MENA Limited). This means that XM broker is a regulated broker where you do not have to worry if you want to deposit your money in this broker. However, do not forget to only allocate the money you can afford to lose into it so that if something happens to this broker, then, you will still have money to live a proper life.
Fast Withdrawal
The withdrawal is fast, I only have to insert my bank account number and it will be delivered as soon as possible, or in my case, it only took around 6 hours from the start time of my request. After you have requested to withdraw, there will be an email from XM stating of your withdrawal amount under the subject "Withdrawal request processed *number*". For strong proof, next time I will put my withdrawal process until the result on the Forex Jed blog so that all of you will be able to see it clearly.
Conclusion
For me, XM Broker is a good broker as it has good reviews on it and has four vital licenses that ensure the safety of your money even though there is no perfect system, but at least with those licenses, you will feel secure when you put money into it. Not only vital licenses, I have also registered a real account recently and made a withdrawal (which I will cover in my next article just to show you the proof) from my account. So, if you are interested in using XM broker as your forex trading journey, then, feel free to sign up on its website.
Written by Andre I.
References
XM. Forex & CFD Trading on Stocks, Indices, Oil, Gold by XM™. Retrieved from XM. (Accessed 24 February 2022): https://www.xm.com/
XM. XM Logo. Retrieved from XM. (Accessed 24 February 2022): https://cloud.xm-cdn.com/static/xm/common/logos/XM-logo.jpg
