XM - Forex Broker information, rating, reviews

XMXM website
Status
Regulation CySEC, ASIC, FCA
Trading software MetaTrader4/5, XM Webtrader
Headquartered 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

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XM.COM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus) and Trading Point of Financial Instruments Pty Ltd. (Australia). Our clients benefit from direct access to the financial markets in over 300 financial instruments including forex, equity indices, precious metals, cryptocurrencies and energies, with transparent real-time pricing, lowest spreads, and flexible leverage.

We value business efficiency as much as our individual and corporate clients – this is why we regard speed and fairness as crucial.

XM forex broker is a European Licensed Financial Institution which offers trading in Forex, CFD’s and Futures through the MT4/5 Platform and XM Webtrader and gives its customers substantial deposit bonus

Pros

  • up to 888:1 Leverage
  • 8 Platforms, including MetaTrader4/5 and webtrader
  • Deposit Bonus up to 5 000 USD
  • Webinars
  • Tutorials
  • Account Funding 100% automatic
  • IB partner program with tailor made solutions for every partner
  • Minimum deposit is only $5
  • Tight forex spreads
  • Currency converter available on official site
  • Comfortable and safe trading
  • A wholly owned strategies for binary options

Broker review

Strong selling points of Trading Point of Financial Instruments Ltd focus on its NO Requotes, No Rejection Policy as well as its tight spreads which combined with its No Minimum Deposit Policy attract medium size traders which seek for an MT4/5 broker with clean trading conditions with NO high minimum deposit limitations.

Account Types

 

Micro

Standard

XM Zero

Base Currency Options

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD,ZAR

Contract size (lot)

1,000

100,000

100,000

Minimum Initial Deposit*

USD 5

USD 5

USD 100

Maximum Initial deposit*

USD 100,000

USD 100,000

USD 100,000

Leverage

Flexible:
1:1 to 1:500

Flexible:
1:1 to 1:200

Flexible:
1:1 to 1:500

Spread on all majors

As low as 1 pip

As low as 1 pip

As low as 0 pip

Commission

No

No

Yes

Lots restriction per ticket

100 lots

50 lots

50 lots

Hedging allowed

Yes

Yes

Yes

Islamic Account

Optional

Optional

Optional

** Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XEMarkets allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation of XM Markets

  • Trading Point of Financial Instruments Pty Ltd is authorized and regulated by ASIC (AFSL no. 443760).
  • The full information can be found here: http://www.xm.com/regulation

Spreads

Though XM is not no spread forex broker, the spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips. Currency options and tight spreads make trading with us easy and profitable.

XM trading information

WWW https://www.xm.com/
Address 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Headquarters Limassol
Free phone +357 25029900
24 hour support
Partnership programs
Expert advisors
Free education
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Mobile trading
Automated trading
Demo account
Swaps
24 hour trading
Scalping
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type variable
Pip spread on majors 1-1.9
Leverage 888
ECN, $
Standard account, $ 5
Mini account, $ 5
Popular payment methods Credit Cards, Netteler, Skrill, Klarna, Przelewy 24, Bank Wire Transfer
Account currencies EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR, bitcoin
Other instruments Forex, CFD, bitcoin, stocks, indices, commodities, precious metals, energies
Languages support in 29 languages: Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Platforms Metatrader4/5, XM Webtrader
Broker type Broker
Regulation CySEC, ASIC, FCA
Foundation 2009
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In celebration of four consecutive years of successful business presence in Thailand, XM hosted the annual gala in Bangkok on 1st December, a festive...

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For the third time now, XM was proud to attend the annual financial exhibition World of Trading in Frankfurt, Germany, organized on 23rd and 24th...

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Current Rating: 72 %, 28 %


Traders Rating:


XM latest reviews

They are *** brocker. They close orders without my consent .whilst you think you winning you check the account you see they closed long back at a loss. I'm not talking about triggered stop losses, they just close, these ***. Their MT5 account freezes a lot and I wouldn't recommend it at all.

Nqobani   3 January, 2019  

I'm so not impressed with XM, spreads are very high, they create false gaps, money disappears from your account and closes trades for no reason.

guest   2 January, 2019  

Im ringing my bank as they have ripped me off the scamming pieces of ***

Terry   3 January, 2019

XM is a *** brocker, i opened and closed a trade with huge profits and i transferred the profit to another account, that profit was frozen later on i was sent emails that my account will be closed and all the money i have made including my own was no where to be paid back to my account. To date they not even responding to my emails.

DM   11 December, 2018  

All is well... Except for the crazy spreads.

Lesang Ngidi   19 July, 2018  

i am a long time with XM, and on my IB account is more than 500 traders, i speak with them on my Facebook, they proof to me there trades, but my commission is reduced drastically. XM have a way of blocking most of the traders on my IB account, so that i dont get commission , only a very small amount. i dont recommend XM. Guys go for HYCM.

Walter Weakley   4 May, 2018  
  


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