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
Pip spread on majors 1-1.9
Spread Type variable
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
Bitcoin Forex Brokers
XM
Trading Seminar Hosted in Perth

This November, XM embarked on a seminar tour in collaboration with Tradepedia’s Avramis Despotis to visit as many as three cities in Australia...

Seminars, webinars
XM
Seminar on CFD Trading in Athens

On 9th December, XM will be hosting a seminar with free participation in Athens, Greece, where we look forward to welcoming online investors...

Seminars, webinars
XM
Kuantan Forex Seminar

Our summer-autumn seminar road trip across Malaysia reached the city of Kuantan on 11th November, welcoming online investors to the free XM seminar titled Confluence...

Seminars, webinars

XM
ITForum 2017 Financial Exhibition

After a series of on-site educational events hosted for Italian-speaking online investors throughout the year, on 23rd November XM will be returning...

Forex Contests, Competitions & Expos
XM
Forex Seminar in Florence

For all those online investors eager to attend the free forex trading seminars hosted by XM in Italy this year, we have organized a series...

Seminars, webinars
XM
Forex Trading Seminar in Barcelona

The seminar titled Technical Analysis in Online Forex Trading was held on the premises of Ayre Hotel Gran Vía, Barcelona, where our company...

Seminars, webinars

Current Rating: 67 %, 33 %


Traders Rating:


XM latest reviews

In general, the trading platform is good, it's simple and I (as a trader) think its features are effective. But execution is not good. I thought their explanations were nothing about their related platform or maybe it was because I couldn't read the documentation carefully. However, I wasn’t able to setup expert advisors properly. And the number of indicators on platform are very limited. This is what makes analysis very difficult. The commissions also are too high. There is not Holy Grail for traders.

Mark_98   20 September, 2017  

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  

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  

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  

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  
  


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