XM Overview
XM is a forex and CFD broker established in 2009. 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 across 2 trading platforms. XM maintains strong regulatory compliance with 2 regulatory licenses.
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
XM Safety Features
- Segregated client funds
- Regulatory oversight
- SSL encryption
- Negative balance protection
XM Pros & Cons
Advantages
- Low trading fees and competitive spreads
- Wide range of trading instruments including forex, commodities, and indices
- User-friendly trading platforms including MT4 and MT5
- Strong regulatory oversight by multiple authorities like CySEC and ASIC
- Comprehensive educational resources for traders
- 24/5 customer support available in multiple languages
Disadvantages
- Limited availability of cryptocurrency trading
- No support for U.S. clients due to regulatory restrictions
- Inactivity fees may apply after 90 days of no trading
- Withdrawal fees may apply depending on the method used
- Limited advanced trading tools for experienced traders
XM Current Promotions & Bonuses
Deposit Bonus (50% + 20%)
50% extra bonus on the deposit amount up to $500, plus an additional 20% bonus on the deposit amount beyond $500.
Learn More →Zero‑Fee Transactions
XM waives all fees on deposits and withdrawals for Kenyans.
Learn More →Refer‑a‑Friend (up to $80)
XM’s referral program lets you earn up to $150 cash per friend who signs up and trades.
Learn More →Copy‑Trading Competitions
XM frequently runs trading contests on its copy‑trading platform (with prize pools often exceeding $100,000) open to Kenyan clients.
Loyalty Program (XMP Points)
Beyond cash bonuses, XM operates a loyalty program where every trade earns XM Points (XMP)
XM Final Verdict
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.