Our XM.com review found that this site is a great choice for crypto trading. You don’t even have to buy cryptos at this site to get involved – there’s plenty of everything else, too.
XM.com is a major online broker that is known for trading on foreign currencies and commodities. But our XM.com review 2023 found that it works well for trading on the value of Bitcoin. This is because the broker uses a handy CFD service. If you’re looking for XM.com Bitcoin trades, then you won’t be disappointed.
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XM.com hosts an in-depth trading site that occasionally feels a little more complicated than it needs to be. If anything XM.com is more geared towards the professional investor as there are plenty of tools like daily forex webinars and forex trading signals that aren’t likely to be too useful for anybody who just came here to try and buy some Bitcoin.
But we felt that the XM.com site actually gives you plenty of flexibility to execute your crypto trades. The brand wisely uses the MT4 and MT5 trading platforms that work for all modern PC and Mac computers, and there are also excellent trading apps for iOS and Android devices. All of which should make for a professional and efficient crypto trading experience.
It’s easy to begin trading at XM.com. The first thing that you need to do is to open an account. This will require you to submit your name, email, telephone number, preferred language and so on. Then you’ll get to pick which kind of trading platform you’d prefer to use. From here, you can then simply make your deposits in Indian rupees with a card, bank transfer or electronic payment method. Once the money is in your account you can then just begin trading on the value of Bitcoin CFDs.
|Company||Trading Point Holdings Ltd|
|Headquarter||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus|
|Year of Founding||2009|
|Available Languages||English, German, French, Italian, Spanish, Portuguese|
|Customer Support||Live Chat, Phone, Email Support|
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The good news is that you are free to make a deposit at XM.com in any currency you choose. This means that your deposits in Indian rupees could instantly be converted so that you can quickly start trading. Bear in mind that there may be conversion fees according to the standard inter-bank price.
You’ll be able to make deposits and withdrawals with all of the standard credit cards or a variety of electronic payment methods. There is also the facility to make a deposit or withdrawal via a bank wire transfer. Just remember that you will have to deposit and withdraw the equivalent of a minimum of $5 at a time. Withdrawal times vary according to where you are withdrawing to, but it shouldn’t take longer than five working days.
One of the best things about using XM.com is the fact that the site features both English and Hindi customer support. This means that you can simply contact the dedicated customer support email addresses and know that there won’t be any language barriers. This is especially true as the XM.com customer support covers no less than 25 different languages.
There is also a customer support telephone number, but that looks like it’s based in Cyprus. A better option would be to browse the XM.com FAQ where you’ll find a range of helpful answers to the most common customer queries.
You should feel confident in using the XM.com trading site. This is because the brand has received full regulation from the likes of the Dubai Financial Services Authority, the Financial Conduct Authority in the UK, the Federal Financial Supervisory Authority in Germany and so on.
XM.com will also do everything it can to keep your deposits safe. This means that client funds will be segregated from those of the company. These accounts will be held with major European banks and there will also be an investor compensation fund in case XM.com falls into administration. Plus with full encryption across its site, you should have everything you need to enjoy secure crypto trading at XM.com.
Like most online brokers, it’s fair to say that XM.com has had more than its fair share of both good and bad reviews. A quick look at the internet reveals no shortage of conflicting opinions about this site. For every review that says that XM.com is the best broker that they have come across, there is another one that says that XM.com is a scam. However, we should let you know that most authoritative reviews like our own have XM.com down as being a fair and legitimate broker that you can trust with your deposits and data.
It’s important to note that when you trade crypto on XM.com, you aren’t actually buying or selling the actual cryptocurrencies. This is because you’ll be trading on the value of something called a CFD rather than owning the cryptocurrency outright. But this doesn’t make the XM.com crypto trading service any less valuable.
CFD trading is a hugely popular way to trading cryptos at most broker sites. You’ll get to profit whenever the value of a cryptocurrency rises, plus you’ll be exposed to fewer trading costs as you don’t actually purchase the crypto asset.
By reading this XM.com review India’s investors will see that the brand introduced Bitcoin / US Dollar trading on its MT5 platform back in 2017. While there aren’t too many more cryptos featured at XM.com, it should meet the needs of those just getting started in cryptocurrency trading.
Like all online brokers, XM.com will charge a fee for your trading activity. Simply put, the more that you trade at XM.com, the more that these costs will add up. The brand has pdf that outlines how all of the different fees work. But the key thing to remember is that XM.com will charge a commission fee that works out to be $7 for every $100,000 on XM Zero accounts. These commission fees might not sound like much, but they could add up over the long-term.
It’s important to note that XM.com is a fully global online trading platform. While the brand has its head offices in Cyprus, it has made sure that it is regulated in all of the leading financial jurisdictions. This can be seen in the fact that XM.com has gained regulatory approval from all of the leading financial regulatory powers.
India has yet to introduce any legislative framework to deal with the rise of crypto broker services like that of XM.com. But with a roll-call of clients in nearly 200 different countries, it’s immediately clear that XM.com is truly a global brand.
While this is an XM.com crypto review, it’s important to note that there’s much more here than just crypto trading. XM.com is primarily a forex trading broker that allows you to trade on over 55 global currency pairs. Beyond this, you’ll find that you can trade on the value of CFDs for all of the major global indices, as well as commodities like sugar, cocoa and so on.
Want to balance your portfolio against the volatility of cryptos? Then you’ll be glad to see that XM.com allows you to buy CFDs on metals like gold and silver. There are also CFDs on energies such as oil and gas, or you could simply trade CFDs on stocks for over 600 leading companies.
We think that XM.com is a great choice for any trader who wants to see what cryptocurrencies are all about. The brand has already got a strong reputation for this quality of its CFD trading service for commodities and stocks, so it’s only fair that you should be able to buy CFDs for Bitcoin here.
Indian customers will appreciate the fact that they can deposit with Indian rupees at XM.com and there is the added bonus of customer support that features a variety of different language options. While the lack of smaller cryptos might have been disappointing, we think that XM.com is definitely worth a look if you want to get involved in the cryptocurrency revolution. On the search for a good competitor? Our latest WazirX review reveals all you need to know about this popular Indian crypto exchange.
It’s pretty common to find that nearly all crypto brokers will get both positive and negative reviews. After all, some people might find that the site is good for buying Bitcoin but not so good for selling XRP. So be sure to read our XM.com review 2023. This will give you a fair and accurate picture of what it’s like to use this online broker site so that you can see whether it’s right for your crypto trading needs.
If you’ve read our Etoro review, you’ll know that we’re always looking for those special features that help us earn a little extra from our crypto trades. After all, many brokers may put on special offers that can give you a helping hand with your trading. So be sure to read our review of the XM.com crypto trading service. This will reveal whether the broker will give its new customers any bonuses that could help them make more from buying and selling cryptocurrencies.
The vast majority of online brokers will aim to make sure that their trading platforms can be accessed from a mobile device. This is because most investors like to be able to monitor their investments from the convenience of a smartphone or a tablet. If you’ve read our Prime XBT review, you’ll know that this broker has an excellent mobile forex app. So be sure to check out our review of the XM.com crypto trading site to see if this brand has done the same.
Many of the most popular online broker sites will enable their customers to practice trading by using a demo platform. There’s a great example of one of these demo trading services to be found in our Forex.com review. This allows you to try trading anything from foreign currencies to cryptos without risking losing any of your own money. So be sure to read our XM.com crypto review to see whether this brand has any kind of demo trading service.
There are numerous things that we check for before we recommend any crypto trading site to you. Take a look at our SwissQuote review and you’ll see how we examine everything from a broker’s financial regulation to its website’s encryption technologies. It’s only by passing these checks that we’d suggest that you sign up to the broker site. So be sure to read our review of the XM.com crypto India service to see whether this site is safe.