XM — Forex Broker Rating and Review 2020

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

Open an account

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
STP, $
ECN, $
Standard account, $ 5
Micro 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 ASIC, CySEC, IFSC
Foundation 2009
Copy Trading Brokers
Bitcoin Forex Brokers

I tried opening my live account but they are not confirming my account. can I know what's wrong.

Carlos_na   30 December, 2019  

XM is a very unethical broker that lies about their spreads. The spreads are triple what they advertise. Their no deposit fee is just a trap and they know that you'll add more money after that. Stay away from them.

Mjaro   21 December, 2019  

Deposited my money in... and when i loged in my mt4 it said authorization failed. I couldn't be able to withdraw my money back. they only take from us.

Sandile   19 December, 2019  

XM just sent me an email claiming that I'm "fraudulent". They mentioned multiple openings of bonus accounts, which I have done, using Referrals. They then proceeded to terminate all my XM accounts and the accounts of the people I've referred and helped, including the funds of every account.

Anon   9 December, 2019  

I placed a withdrawal since November 29, till now I haven't receive the money. Their support is very bad, their spread is something else.. Beware of this broker people

Micheal   9 December, 2019  

The same is happening with me. They are a bunch of thiefs and corrupt as they can be.

Daniel de Vries   11 December, 2019

xm not good. spread manipulation. big lost on xm.

John   18 November, 2019  

I'm confused which broker is perfect then guys?

Andile   23 November, 2019

which broker is good? cause almost all brokers if I check there review I see conplaints

Robert   5 December, 2019

So Xm doesn't allow people to withdraw their profits anymore? You deposit a certain amount of money, you trade and make profit.. All they allow you to withdraw is what you've deposited. This is nonsense.

Regina   14 November, 2019  

that's what im experiencing right now. They are rejecting my profit withdrawal. XM is really a scam.

Jay   6 December, 2019

My mentor advised that we should open Xm bonus account so that we can experience live trading. I was honest with them that I am a beginner, but that does not mean I can't notice spread manipulation,pending being moved. Each time I'm on profit spread increases like crazy. If you are a beginner like me 70% chance U won't make it. I glad I did not deposit any money

Guest   7 November, 2019  

Hello guest, i notice that when we use example 20 or 30 levarage it means 30 times the deposited money and opening fraction of a micro lot in micro accounts case for example spread it up to 20 never more. However if you ask for 500x levarage ir meas 500 x the money you have and you open several micro lots in one trade then spread can increase several during war news, or unexpected economic calendar report results against broker major positions opened it also can wide up for instants lot more then the regular 2 points or 20 pips.

Filipe Pereira   10 January, 2020

Absolutely ridiculous spread. Stay away from this broker.

guest   5 November, 2019  

XM are crooks period. I thought it was a reliable broker but not until I saw them manipulate the spread. I sold GbpChf at about 5 o'clock today. 35 minutes ago it was running on profit. the candle sticks started moving up and down so quick and it sold but my profit was no more only losses. and the pair is still selling and I haven't pulled out yet but I'm losing.. how is that possible. I wouldn't recommend this broker at all

Lushka   29 October, 2019  
All Reviews & Comments
XM Rating and Review

XM Rating

69 %   31 %


XM Reviews Rating

Reviews Rating XM - 5

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