XM is a Forex Broker offering Forex Trading services via MetaTrader 4, MetaTrader 5, MT4 & MT5 Mobile and Web trading platforms. Regarding orders execution model, XM is a hybrid broker - both a-book (STP / ECN) and b-book broker with a superior orders execution. XM offers trading of currencies, indices, stocks, CFDs and commodities. XM is regulated by the CySEC (Cyprus).