XM Overview
XM is a forex and CFD broker established in 1970. and offers comprehensive trading services to international clients.
What sets XM apart is its commitment to providing accessible forex trading services with low minimum deposits . .
For Kenyan traders specifically, XM provides various payment methods suitable for international clients. The broker also offers swap-free Islamic accounts for traders following Shariah principles.
XM Regulation & Safety
Regulatory Licenses
Regulatory information not available
XM Safety Features
- Segregated client funds
- SSL encryption
- Negative balance protection
XM Pros & Cons
Advantages
- Low minimum deposit ($5)
- High leverage available (1:888)
- Islamic account available
Disadvantages
- Limited regulatory information
- Not specifically approved for Kenyan traders
- No M-Pesa payment support
XM Final Verdict
8.0/10
Overall Rating
9.0/10
Regulation
8.5/10
Trading Costs
8.0/10
Support
XM offers competitive trading services, particularly those who are new to forex trading. The combination of trading features, low minimum deposits, and comprehensive trading features makes it a solid option for international traders.
