XM RATING REVIEW -Using the Formula V.4.0.
The following Rating of XM is based on the Forex Brokers Formula v.4.0. published on the affiliated TradingCenter.org.
XM Rating Summary
Here is the summary of XM Rating Analysis (1, 2, 3, 4)
XM MARKETS RATING SUMMARY | |||
MAX | ACHIEVED | (%) | |
1. Safety of Funds | 26.00% | 21.26% | 81.78% |
2. XM Cost of Transaction | 28.00% | 20.00% | 71.43% |
3. XM Trading-Options | 26.00% | 26.00% | 100.00% |
4. XM Technological Efficiency | 20.00% | 13.50% | 67.50% |
Overall XM Rating | 100.00% | 80.76% | 80.76% |
XM Rating Analysis
This is the detailed XM rating analysis.
RATING ANALYSIS of XM | ||||
XM TOTAL RATING | 100.0% | XM.com | ||
Weight Analysis | Factor Analysis | 80.76% | ANALYSIS | |
1. SAFETY OF FUNDS at XM.COM | 26.00% | RATING WEIGHT | 21.26% | XM Credibility Analysis |
1.1 XM.com Level of Regulation | 12.00% | FSC (BVI) = 1.0%, | CYSEC = 3.0%, | FFMS = 3.0%, | RAFMM = 3.0%, | CBI = 4.0%, | ASIC = 4.0%, | FSC (NZ) = 4.0%, | FSA (UK) = 6.0%, | BAFIN = 6.0%, | NFA = 6.0%, | CFTC = 6.0%, | FINMA = 8.0% | and MiFID = +4.0% | 12.00% | XM.com is regulated by FSA (UK), CySEC, BaFIN, and MiFID = (max) 12.0% |
1.2 XM.com Headquarters Base | 5.00% | General Offshore = 0%, Cyprus , Latvia = 2.0%, Ireland, Spain, Italy, Belgium, Israel = 3.0%, Canada, Australia, = 4.0%, USA, UK, Germany, Scandinavian, France, Switzerland = 5.0% | 2.00% | XM.com Home Base is in Cyprus = 2.0% |
1.3 XM.com Years in the Market | 5.00% | 0-1 Years = 0 %, 2-5 Years = 2.0 %, 5-10 Years = 4.0 %, 10+ Years = 5.0 % | 4.00% | XM.com was founded in 2008, 5-10 years = 4.0% |
1.4 XM.com Segregated / Bank Accounts | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes, all client funds are kept in segregated accounts |
1.5 XM.com Web Ratings (Usage for differentiating results) | 2.00% | ForexPeaceArmy Rating = 1.0 %, | EarnForex Rating = 1.0 % | 1.26% | XM.com FX FPA=3.658 / 5.0 & Earn Forex= 5.3 /10.0, Total = 6.308 / 10.0 = 1.2616 % |
1.6 (+) ADJUSTMENTS | ||||
1.6.1 Size Factor | 1.00% | More than 1 Million Traders = +1.0 % | 0.00% | No, XM.com does not meet that condition |
2. TRADING COST at XM.COM | 28.00% | RATING WEIGHT | 20.00% | XM.com Competition Analysis |
2.1 XM.com Typical Spread on EURUSD | 8.00% | < 0.3 pip = 8.0%, | <0.4 pip = 7.5%, | < 0.5 pip = 7.0%, | <0.6 pip = 6.5% | <0.7 pip = 6.0%, | <0.8 pip = 5.5%, | <1.0 pip = 5.0%, | < 1.25 pip = 4.5, | < 1.5 pip = 4.0%, | <1.75 pip = 3.5%, | >2 pip = 3.0%, | < 2.5 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 4.00% | XM.com EUR/USD Typical Spread is 1.4 pip = 4.0% |
2.2 XM.com Typical Spread on GBPUSD | 5.00% | < 1.0 pip = 5.0%, | <1.25 pip = 4.0%, | < 1.5 pip = 3.0%, | < 1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.25 pip = 1.5%, | < 2.5 pip = 1.0% | < 3 pip = 0.5% | 2.00% | XM.com GBP/USD Typical Spread is 1.8 pip = 2.0% |
2.3 XM.com Typical Spread on USDJPY | 4.00% | < 1.0 pip = 4.0%, | <1.25 pip = 3.5%, | < 1.5 pip = 3.0%, | <1.75 pip = 2.5%, | < 2 pip = 2.0%, | < 2.5 pip = 1.0%, | < 3 pip = 0.5% | 3.00% | XM.com USD/JPY Typical Spread is 1.5 pip = 3.0% |
2.4 XM.com Trading Commissions | 7.00% | No Commissions = 7% | Commissions < $5 / lot = 3% | Commissions < $8 / lot = 1% | Higher Commissions = 0% | 7.00% | No Commissions are charged by XM.com when trading Forex |
2.5 XM.com Deposit / Withdrawal Commissions | 2.00% | No = 2.0 %, | Yes = 0 %, | 1-Free / Month = 0.5 % | 2.00% | No Withdrawal Commissions are charged by XM.com = 2.0% |
2.6 XM.com Maintenance and Inactive Fees | 2.00% | No = 2.0 %, | Yes = 0 % | 2.00% | No Maintenance Fees by XM.com = 2.0% |
2.7 (+) ADJUSTMENTS | ||||
2.7.1 XM.com Execution | 2.00% | ECN = +2.0 % / STP = +1.5 % | Market Makers = +0.0% | 0.00% | STP Model but not Clear STP Execution = 0.0% |
3. TRADING OPTIONS at XM.COM | 26.00% | RATING WEIGHT | 26.00% | XM.com Trading Analysis |
3.1 XM.com Forex Asset Index | 8.00% | 45+ Currency Pairs = 8.0%, | 40+ Currency Pairs = 7.0%, | 35+ Currency Pairs = 6.0%, | 30+ Currency Pairs = 5.0%, | 25+ Currency Pairs = 4.0%, | 20+ Currency Pairs = 3.0%, | 15+ Currency Pairs = 2.0%, | 10+ Currency Pairs = 1.0%, | Less than 10 pairs = 0% | 8.00% | XM.com offers 53 Forex Currencies = (max) 8.0% |
3.2 XM.com CFD and Spot Trading | 2.00% | CFD Trading = 2.0 % | Only Spot = 1.0 % | Nothing = 0% | 2.00% | Yes, XM.com offers CFD Trading = 2.0% |
3.3 XM.com Demo / Practice Account | 2.00% | Yes = 2.0 %, No = 0.0 % | 2.00% | Yes, Demo account is available = 2.0% |
3.4 Leverage at XM.com | 2.00% | >100:1 = 2.0%, | > 75:1 =1.5%, >50:1 = 1.0% | 2.00% | Leverage at 888:1 and rating = (max) 2% |
3.5 XM.com Bonus & Rebate | 6.00% | max = 6% (FILTER ACTIVATED) | 6.00% | |
3.5.1 XM.com Bonus (%) | Bonus (Higher or Equal): >50% = 6%, | >40% = 5%, | >30% = 4%, | >20% = 3%, | >15% = 2%, | >10% = 1% | Standard Deposit Bonus at XM.com is 30%, Rating = 4.0% | ||
3.5.2 XM.com Rebate (%) | Rebate (Higher or Equal): >30% = 6%, | >25% = 5%, | >20% = 4%, | >15% = 3%, | >10% = 2%, | >5% = 1.0% | Yes there is a rebate given $5-8 per lot, equals about 20% discount = 4% | ||
3.6 XM.com Minimum Deposit | 1.00% | Min Deposit < $500 = +1%, | Min Deposit < $1,000 = +0.5% | 1.00% | Minimum Deposit is below $500 |
3.7 XM.com Fund / Deposit Methods | 2.50% | For each deposit method available = 0,5%, max = 5 methods | 2.50% | 5+ methods available by XM.com (Credit Cards, Bank Wire, MoneyBookers, Liberty Reserves, Western Union) = 2.5% |
3.8 XM.com Fund / Withdrawal Methods | 2.50% | For each withdrawal method available = 0,5%, max = 5 methods | 2.50% | 5+ methods available by XM.com (Credit Cards, Bank Wire, MoneyBookers, Liberty Reserves, Western Union) = 2.5% |
3.9 (+) ADJUSTMENTS | ||||
3.9.1 Offering 100+ Currency Pairs | 1.00% | Yes = 1.0 % / No = 0 % | 0.00% | No more than 100 currency assets |
3.9.2 Interest on Funds | 0.50% | Yes = 0.50 %, No = 0.0 % | 0.00% | No interest on Fund |
3.9.3 XM.com Competitions / Championships | 0.25% | Yes = 0.25 % / No = 0 % | 0.25% | Yes existing Competitions (Demo and Real) = 0.25% |
4. XM.COM TECHNOLOGICAL EFFICIENCY | 20.00% | RATING WEIGHT | 13.50% | XM.com Technological Analysis |
4.1 XM.com Available Platforms | 5.00% | Each Supported Platform = 1.0%, max = 5 platforms | 2.00% | 2 platforms are available at XEM = 2.0% |
4.2 XM.com Slippage | 4.00% | Slippage < 0.5 pip = 4.0% | Slippage < 0.75 pip = 3.5% | Slippage < 1 pip = 3.0% | Slippage < 1.25 pip = 2.5% | Slippage < 1.5 pip = 2.0% | Slippage < 1.75 pip = 1.5% | Slippage < 2.0 pip = 1.0% | 1.50% | Slippage is measured <1.75 pip = 1.5% rating |
4.3 XM.com Automated Trading | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, XEM allows signals from Expert Advisors = 2.0% |
4.4 XM.com MT4 / MT5 Availability | 2.00% | Yes = 2.0 % / No = 0 % | 2.00% | Yes, XM.com offers MT4 = 2.0% |
4.5 XM.com Mobile Trading | 2.00% | Each Supported Device = 0.50 % (iPhone, iPad, Android, Windows Mobile, Blackberry), max = 4 devices | 1.50% | XM.com provides an app for iPhone, iPad and Android = 1.5% |
4.6 XM.com Scalping / Hedging Policy | 1.00% | Yes both = 1.0 % | Yes only Hedging or Scalping = 0.5% | No = 0 % | 1.00% | Yes, XM.com allows scalping/hedging = 1.0% |
4.7 XM.com Customer Service | 4.00% | 24/7 = 1.0 %, | 24/6 = 0.5 %, | 24/5 = 0 %, | email = 1.0%, | Phone = 1.0 %. | Live Chat = 1.0 %, | Skype = 0.5 %, | Call-Back = 0.5 % | 3.00% | XM.com provides 24/5=0%, email=1%, Phone=1%, Live Chat=1%, Total = 3.0% |
4.8 (+) ADJUSTMENTS | ||||
4.8.1 XM.com PAMM Managed Accounts | 0.50% | PAMM = 0.5 % / Simple Managed = 0.25%, No = 0 % | 0.50% | Yes PAMM available = +0.50% |
4.8.2 XM.com API Trading | 0.50% | Yes = 0.5 % / No = 0 % | 0.00% | No API trading available from XM.com = 0.0% |
XM Special Metrics
These are the special metrics for XM according to the three categories of trading experience.
XM SPECIAL METRICS | RATING (100%) |
XM Overall Rating | 80.76% |
Forex beginners | 71.63% |
Advanced Traders | 72.70% |
Pro Traders | 68.99% |
■ XM Rating Review
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