Is XM.com a fair Forex Broker?
XM is a Forex Broker offering Forex Trading services via MetaTrader 4 trading platform. Regarding orders execution model, XM is a market maker with instant execution so XM creates a counter party for all orders of clients. XM offers huge % deposit bonuses, contests, huge leverage, huge shares to their affiliates - this is always NOT a good sign for traders. XM also restricts maximum volume per order to 50 or 100 lots only (depends on account).
Pros: There shouldn't be issues with withdrawals
Cons: market making allowed, orders execution questionable, slippage experienced, 50 / 100 lots volume per order only, huge leverage, % deposit bonuses