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Is XM the Best Forex Broker in Spain?

Forex Broker


XM is one of the largest online forex brokers in Spain and it is regulated by the FCA (Trading Point MENA Limited). The company has been operating since 2009, offering its clients a wide range of services including FX spot trading, CFD trading, binary options and commodities. In addition to these products they also offer cash back bonuses on all their transactions with up to 20% refunded when you make your first deposit with them!

According to an xm review (xm opiniones) by Traders Union, it is one of the best brokers in Europe. It has implemented the best trading software and provides all the technical assistance required for a trader.

Online brokers that are regulated make of the XM Group. Trading Point of Financial Instruments UK Limited was founded in 2016 and is governed by the FCA; Trading Point MENA Limited was incorporated in 2017 and is governed by the DFSA. Trading Point of Financial Instruments Pty Ltd was established in 2009 and is governed by ASIC (Trading Point of Financial Instruments Pty Limited) (Trading Point MENA Limited). XM Group consists of five companies that provide different services for traders:

  • XM Forex Brokers Spain, which offers Forex trading on all major currency pairs;
  • XM Options Brokers Spain, which provides options trading services through its online platform;
  • XM Markets Europe Ltd., one of Europe’s largest independent providers offering CFDs & forex trading;
  • Markets Securities Limited Palm Beach Gardens Florida USA USA Established 1967 Licensed By SEC License Number 187517 Florida License Number 164057 Florida License Number 148424 Florida License Number #203856

Benefits of trading with XM:

XM is a broker that offers traders a wide range of trading options. In fact, it’s one of the few brokers in Spain that doesn’t charge any fees on deposits and withdrawals. It also provides zero re-quotes and rejects, which means you can always get your trades executed as described when placing them.

Another benefit of using XM is its swap-free accounts for Muslim traders who prefer not to use ECN execution technology because it may cause an interruption in their prayers (prayers are obligatory when taking part in Islamic religious activities).

XM offers high leverage ratios at 500:1 which makes this broker ideal for beginners who want to start learning how to trade forex online without having too much money at stake or being afraid that something bad might happen if things go wrong with their trades early on in their career as traders

1. No re-quotes

One of the biggest advantages of XM is that it does not require you to worry about re-quoting your orders. When you place a trade, it is executed at the price that you enter and there’s no need for additional changes in order to get your position filled. The only thing left for XM brokers is to wait for their clients’ trades to close and confirm whether or not they have been executed correctly.

This means that if one of your trades gets rejected due to a price change after it was placed on the market, then this won’t happen with XM because there aren’t any quotes involved during this process!

Another great benefit of using XM over other forex brokers is its speed: since no quote-based system exists here (like how some platforms use), everything happens directly between two traders without going through any third party intermediaries first; so even if one trader isn’t able

2. No rejections

The second advantage of XM is that you don’t have to worry about being rejected by your broker. This means that no re-quotes will be issued, and all orders submitted through XM are executed immediately without any further delays.

This can save you a lot of time and money when it comes to executing trades, since there are no additional costs involved in submitting orders or waiting for them to be processed by the platform’s algorithm.

3. Zero fees on deposits and withdrawal

The broker does not charge any fees for deposits and withdrawals. This means that if you want to make a deposit, there are no commissions involved in it. On the other hand, if you need to withdraw funds from your account, then again there won’t be any charges levied on this either (though they might have other restrictions).

In addition to this, XM Forex also offers zero transaction fee on all transactions made through its platform. However, it’s important to note that this only applies when using XM’s mobile app: if someone else uses their credit card or debit card instead of their phone number then they will incur some sort of transaction fee depending on how much money was being transferred by them at once (for example: $50 would cost $5 while $100-$500 would cost more than double).

4. Swap-free accounts for Muslim traders

If you’re a Muslim and you don’t have the money to open an account with XM, then this broker may be perfect for you.

XM offers a range of Islamic products and services, including segregated accounts (or “Swap-free” accounts), which provide users with full protection against any potential conflict between their business and financial affairs. The company has been appointed as the first Sharia-compliant broker in the world by some of its clients, who are looking for ways to keep their finances separate from their personal lives.

5. ECN execution model technology

The European Central Bank (ECB) introduced a new payment system called ECN in 2003. This means that traders can execute their orders without having to wait for them to be filled by the broker. In this way, they can get access to liquidity and avoid being stuck with an order that cannot be executed immediately due to market conditions or other factors outside of your control.

The main advantage of using this type of technology is that it enables you to use less capital when trading forex markets because there are no commissions involved when executing orders through an ECN exchange platform like XM Forex Broker Spain. It is one of  best broker for copy trader.

6. 500:1 leverage ratio

500:1 leverage ratio

This is a key parameter that you should keep in mind when deciding whether or not to use XM as your broker. The 500:1 ratio means that if you deposit €500, then the broker will give you €5,000 worth of trading capital (i.e., money). This is high compared to other brokers who have a 200:1 leverage ratio or even 100:1 leverage ratio depending on their strategy and strategy options available at each level between these two extremes. High leverages can be risky because they allow investors to potentially make more money by risking less capital than those with lower rates of return would otherwise require for success; however this also means higher risk when it comes time for withdrawals due to possible losses if things don’t go according plan without any prior knowledge about how much money was put down initially before starting out on one’s journey through financial markets!

7. 70+ currency pairs, 250+ CFDs on shares, indices, & commodities, 5 cryptocurrencies and more!

70+ currency pairs, 250+ CFDs on shares, indices and commodities, 5 cryptocurrencies and more!

XM offers more than 70 currency pairs that you can trade. You can choose the option that suits you best: Euro or US dollar (USD), Pound Sterling (GBP), Swiss Franc (CHF), Russian Ruble (RUB) or Australian Dollar (AUD). XM also has the capability to trade 25 other exotic currencies such as Bitcoin or Ethereum at any time of day!

With XM you will have access to over 250 CFDs on different assets such as stocks and commodities like gold & silver; indices such as S&P500 Index SPX500; ETFs such as SPY ETF VONEQSPY..etc…


In this article, we’ve discussed the best forex brokers in Spain. XM is the best option for traders who are looking for a reliable broker that offers a wide range of CFDs and cryptocurrencies.

XM has a high leverage ratio, which makes it ideal for traders who want to take maximum risk with their investments. The company also offers zero fees on deposits and withdrawals—this means that you’ll never pay any fees when using this broker!


We think that XM is the best Forex broker in Spain because of its unique features. You can trade with no re-quotes and zero fees on deposits and withdrawals, swap-free accounts for Muslim traders and ECN execution technology. It has 70+ currency pairs, 250+ CFDs on shares, indices, & commodities, 5 cryptocurrencies and more!