XM Review

Forex Broker Review: XM

XEMarkets

XM REVIEW

 

XM Company Info

XM ReviewCompany Name: XM is the Trading Name of Trading Point Financial Instruments Ltd

XM Regulation: XM is regulated by CySECMiFID

XM Foundation: XM was found in 2008

Online since: XM went online in 2009

US Clients: XM doesn't accept US Clients (NO)

Islamic Accounts: XM supports Islamic Accounts (YES)

XM Execution: STP (No Execution Delays and no Re-Quotes)

XM Customer Support:

XM 24/5 Customer ServiceXM PHONE SUPPORTXM LIVE CHAT

» Visit XM | » Rating

XM Trading Info

XM Trading Zone: GMT+2

XM Typical Spread: 1.7 pip (EUR/USD)

XM Leverage: XM max leverage is 500:1

XM Min Position (lot): Mini Account (0.0001 lot) - Executive Accounts (0.1)

XM Scalping: (YES)

XM Hedging: (YES)

Automated Trading: It is available using XM Mirror Trader (YES)

XM Min. Account: Minimum account at XM is $5

XM Account Currencies: XM provide accounts in EUR, JPY, USD, GBP, CHF

XM Deposit Methods:

XM Bank WireXM Credit CardsXM Offer DEBIT CARDSXM Offer MoneyBookersXM Offer LIBERTY RESERVESNETELLERWestern Union Forex Account

XM Withdrawal Methods:

XM Bank WireXM Credit CardsXM Offer DEBIT CARDSXM Offer MoneyBookersXM Offer LIBERTY RESERVESNETELLERWestern Union Forex Account


XM Forex Pairs

53 Forex pairs in total, here are the most popular pairs at XM:

EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/JPY, USD/CHF, AUD/USD, EUR/GBP, EUR/CHF, EUR/JPY, GBP/JPY, EUR/AUD, EUR/CAD, AUD/JPY, CAD/JPY,
CHF/JPY

 

XM Platforms

XEMarkets Mobile Trader ReviewXM Platforms: XM offers MeaTrader4, XM Web Trader, XM Mirror Trader

Signals: XM supports automated trading signals (YES)

XM Mobile Trading: XM offers app for iPhone, Android, iPad

XM iPhone AppXM ANDROIDXM iPAD APP

◘ XM Languages:


English, French, Russian, Spanish, Arabic, Chinese, German, Greek, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Turkish

 

XM Video Presentation:

 

XM Accounts


XM ACCOUNTS MICRO STANDARD EXECUTIVE
Trading Contract size (lot) 1,000 100,000 100,000
Minimum Initial deposit
$5 – $20000 $20001 – $100000
$5 – $20000 $20001 – $100000
$100000 +
Maximum Leverage
1:500 1:1 to 1:200
1:500 1:200
1:100
Minimum Spread (EUR/USD) 1 pip 1 pip 1 pip
TRading Commission No No No
Lot restriction per ticket 100 lots 50 lots 50 lots
Hedging / Scalping allowed Yes Yes Yes
Islamic Account Yes Yes Yes


XM PROS & CONS

XM PROS

XM PROS

XM CONS

XM CONS

√ Regulated Forex Broker ( CySEC, MiFID) X US clients are not accepted at XM
√ Competitive spreads and no Trading Commissions  
√ No Execution Delays, no Re-Quotes, and High Leverage  
√ Many Trading Platforms including Automated Trading  
√ Wide variety of trading assets (53 Forex pairs, CFDs, Commodities, etc)  
√ No Withdrawal or other Fees  
√ High Promotions (Bonus and Rebates)  

XM Final Conclusion

XM offers a good and competitive environment to trade Forex, and especially as concerns Advanced Forex Traders. XM is one of the most regulated Forex broker, regulated by CySEC and MiFID. XM charges normal spreads without any commissions. They offer high leverage up to 888:1 while they charge no re-quotes. XM offers a good variety of trading platforms including automated trading. Furthermore, XM offers a very wide asset index including 53 Forex Pairs, CFD Trading, Metals, Energy and some more Commodities. Orders are executed with no delays while the overall technological background of XM may be considered far above the industry competition average. As concerns the available account types, XM offers a mini account with a minimum deposit of $5, plus a standard account and an executive account. There are many deposit and withdrawal methods available while no withdrawal or maintenance commissions are charged. Finally, as concerns Forex promotions, they offer a standard bonus policy of 30% for new traders but from time to time they offer new deposit bonuses up to 100%. In overall, XM is a very good brokerage choice for all types of traders seeking professional trading conditions and high regulation.

 

» Visit XM

 

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◙ Forex Broker Review: XM

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