XM - Forex Broker information, rating, reviews

XMXM website
Status
Regulation CySEC, ASIC
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 100 financial instruments including forex, equity indices, precious metals, 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 http://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
Pip spread on majors 1-1.9
Spread Type variable
Leverage 888
ECN, $
Standard account, $ 5
Mini account, $ 5
Other payment methods
Popular payment methods Credit Cards, Neteller, MoneyBookers, Wire Transfer, WebMoney, WesternUnion, QIWI, Skrill, MoneyGram, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, Visa, Visa Electron, MasterCard, Switch, and Solo, CASHU, giro pay, Astro Pay card, Paysafe card
Account currencies EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR
Other instruments Forex, CFD
Other languages
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
XM
Seminar Series Hosted by XM in Malaysia

Each seminar comprised a morning and an afternoon session, which gave participants enough time to assimilate information...

Seminars, webinars
Euro rallies after French debate

The dollar remained soft in Asian trading today as it came under pressure from falling US Treasury yields following not-so-hawkish speeches by Fed officials on Monday. Chicago Fed President Charles Evans quashed hopes for a faster pace of rate hikes...

Market analysis
XM Seminar Coming Up in Budapest this May

On 13th May, XM will be back to the Hungarian capital city with a seminar on forex and stocks CFD trading techniques. The event will be held on the premises of Kempinski Hotel Corvinus Budapest, offering free attendance to XM clients living in Budapest and the surrounding regions. Professional instructors of the XM Budapest office, Attila Szoboszlai and Zsolt Sándor, will welcome seminar guests with a topic...

Seminars, webinars

Price approximately at 6-week high

EURUSD is currently up for the day and roughly at the level of the six-week high of 1.0782 recorded on Thursday. The RSI indicator is pointing to a bullish short-term bias as it is well above the 50 neutral level at 61...

Market analysis
Important Notice- CHF Margin

We would like to inform you that as of Monday March 20th 2017, the additional margin requirements for CHF pairs requirement will be changed. The new improved margin requirements will be 2 times...

Brokers news
XM
Euro gets added boost

The euro was one of the top performing major currencies in the Asian session today after being lifted...

Market analysis

Current Rating: 66 %, 34 %


Traders Rating:


XM latest reviews
Review rating - 2  

Don't get fooled by XM promotions! These are all for advertisement purpose. I opened a live account for the first time, but didn't received the $30. They said you had an account before. Read their terms and conditions first! they say we will give you %50 on your deposit but if you withdraw any amount from your account all the bonuses even previous ones will nullify immediately. It means, you can deposit, you can earn profit but you cannot use your money, It’s ours!

aariapoor   28 August, 2016  
Review rating - 4  

I would say that this is the best broker but sometimes its variable spreads can suddenly become high! Though, it should be mentioned that at average they are really tight. I am trading on standard account. For example the highest average for EURO/RUB is about 0.5 here. I can get the best prices by applying fractional pip pricing with 5 digits. There are really no requotes, no commissions and no hidden costs. I feel relaxed here because I do not expect any unpleasant tricks with order execution or slippage as it can be with other brokers. Sometimes I turn to expert advisor trading. It is rather reliable and reasonable, makes profit for me. I like forex world championship here hold every month. I took part in it once but couldn’t win $50.000. Perhaps I should try again to get to the final round with the prize money amounting to $500.000.

PascalY   25 June, 2016  
Review rating - 4  

You know, I am trading within several brokers so this one is not better or worse compared to the others. Of course to succeed one should be experienced and stay informed of the events influencing the prices but still the options and trading conditions of a broker do matter. So, depositing is quite easy here. Though, you can have some delays in withdrawing and the process itself is rather complicated. The support is not helpful. Perhaps, only beginners can turn to them. I’ve heard that this broker changes its name and that is not a good sign. And the spreads can be high.

freed   1 June, 2016  
Review rating - 2  

The main issue I came up against which was often enough for me to decide on another broker was the execution time on trades. Sometimes they would take 5-10 secs and others just timed out. Although Tech support was generally pretty good...they seemed to be a bit closed eared about this one...

FXYun   25 May, 2015  
Review rating - 3  

Now that's smart investing.
Predict which way the price will move, will it be higher or lower than the current price?
Profit and risk are known before you open a position
Trade fast! Positions close in 1 minute
Guaranteed profit no matter how far the price moves.
$0.01 or $100, you get paid either way
No spreads and no commissions
Perfect for beginners and professionals alike
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Good luck everyone!

hebaa   2 February, 2015  
  


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