It was founded in 2009 and is headquartered in Cyprus. It’s one of the few brokers that are regulated islamic forex traders four different authorities which include ASIC, CySEC, FCA and IFSC.
Tradable instruments This online forex broker boasts over 300 different tradable instruments. Investors can choose among 55 plus currency pairs, CFDs, stocks, indices, precious metals, energies, cryptocurrencies and commodities. Trading platforms supported Xm supports both Metatrader 4 and Metatrader 5 trading platforms. Both platforms are popular among traders and each gives you access to over 300 different instruments to trade. Support for these platforms makes it easy to access your trading account from different internet enabled devices. These include desktop, IOS and Android devices.
Account types This broker offers 5 different account types. This account comes in handy when you want to try out the platform without investing real cash. There are 4 different cash based accounts to choose from. The first is the micro account which supports over 10 base currency options.