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

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.

Open an account with XM forex broker, 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
Maximum Leverage 888
ECN, $
STP, $
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
Available assets 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

does xm have Nasdaq?

jonathan   8 April, 2020  

XM is a great broker. I was put forward a request for withdrawal and within a stipulated time, I received alert concerning the payment. Weldone guys

Felix   16 March, 2020  

Xm is manipulating GOLD spot price

Amir   28 February, 2020  

I was trading Gold spot meta5, I opened buy but the price goes down 1547. I checked the chart of other broker's chart, the price was 1558 .how is it possible? I think they are not Even connected to forex.

Amir   28 February, 2020  

Xm is the worst broker they closed my trades on huge Loss amount I had several trades open one in profit and one in Loss and they blew my account with loss and profit I sent them a email and they gave me a nonsense excuse of what happened and doesn't want to refund my account with the amount they closed I would not recommend xm to anyone

Vinyl   28 February, 2020  

If your trade reach your Margin Call you can't blame the broker that's simply you picking a bad trade and not setting a stops that can't be on XM fam

Trader not a Gambler   19 March, 2020

I've been in the game for 3 years and I used to think trading was a scam but I never gave up. I used to believe every negative theory out there. I took some time off and got knowledge. All that negative chat is nonsense.

Kay   23 February, 2020  

I'm a trader of this broker but i dont understand of this broker because when i trade a news they take my profit and my capital is back to the source what kind of broker is this the manipulated your money. XM broker is not good.

renry   9 February, 2020  

I registered an mt4 demo account but when I logged into the trading platform it dates "2013" instead of "2020" . Help please

Kamohelo   5 February, 2020  

Most of you guys are probably noobs, complaining about spreads. If you're actually experienced, you'd know that the smaller your time period on a chart, the higher your spreads will be. This ain't a scam, that's how it is with all brokers and platforms. The only reason people say forex is a scam is cause they're inexperienced and lose money due to their own lack of knowledge.

Seriously?   26 January, 2020  

so is xm a good broker?

Tshepo   22 March, 2020

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

Carlos_na   30 December, 2019  

All Reviews & Comments
XM Rating and Review

XM Rating

69 %   31 %


XM Reviews Rating

Reviews Rating XM - 5

Reviews & Comments

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