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XM Review

Xm Forex Trading

XM was founded in 2009 and has become a well known and trusted internaional investment company. The forex trading platform supports more than 20 languages, offers a simplified and user-friendly trading interface and puts you in control of your trades whether you are a beginner or a professional investor.

XM Review

Based in Cyprus, XM meets the legal standards required of an investment firm in the Eurozone and operates under the Financial Services Authority (FSA) and Financial Supervisory Authority of Germany (BaFin) regulations.

Company Trading Point Group, XM 
URL www.xm.com
Founded 2009
Based in Cyprus
Platform MT4 Mac, MT4 PC, MT4 WebTrader, MT4 Multiterminal
Regulation BaFin, FCA
Languages English, Arabic, Bahasa Indonesia, Bahasa Malaysia, Chinese, English, French, German, Greek, Hungarian, Japanese, Korean, Polish, Portguese, Russian, Spanish, Thai, Swedish, Italian, Turkish, Vietnamese
Currencies USD, EUR, GBP, JYP,CHF, AUD, RUB, HUF, PLN, SGD, ZAR
Deposit Methods Credit card, Wire Transfer, Cashu, WebMoney, Neteller, Skrill, Giro Pay, Qiwi, PaySafe, Western Union
Withdrawal Methods Credit card, Wire Transfer, Cashu, WebMoney, Neteller Skrill, Giro Pay, Qiwi, PaySafe
Minimum 1st Deposit £/€/$5
Minimum Trade $NA
Bonus up to 70%
Payout 888:1
Account Types Micro, Standard, XM Zero, Islamic 
Return to Loss NA
Number of Assets +1000
Types Of Assets Commodities, Forex, Equity Indices, Precious Metals, Energies
Expiry Times NA
Demo account Yes
Mobile trading Yes
USA friendly No
Support E-mail: support@xm.com
Phone: +357 25029933, Live chat
Overall Score 83/100

XM PROS

Yes Low minimum deposit : $5
Yes Advanced trading platform
Yes Mobile trading
Yes Comprehensive education center
Yes 30% no deposit bonus
Yes Up to $5,000 welcome bonus
Yes Fast withdrawals
Yes Accurate trade execution
YesNo order rejection
Yes No re-quoting
Yes Attractive leverage: 888:1
Yes Numerous funding and withdrawal options

XM CONS

No Not available to US clients
No Not much difference between trading accounts

XM No Deposit Forex Broker  


TRADING PLATFORM

XM utilizes the intuitive MT4 platform that offers a versatile, speedy and seamless trading experience. The MT4 platform is available for Windows and Mac, only requiring a simple download and installation process. With XM’s MT4 trading platform, traders can seamlessly access more than 100 trade instruments, spreads of up to 0 pips, an expert advisor, a single login to 8 platform, one click trading, technical analysis with over 40 indicators and charting tools, as well as VPS functionality.

XM MT4 Multiterminal

Traders looking to access more than one MT4 accounts using the same terminal can do so with the MT4 Multiterminal platform. Only one master login and password is needed to access up to 128 accounts, enjoy multiple orders, three methods of allocation and real time execution and management of trades.

MT4 WebTrader

Unlike the MT4 platform for Windows and Mac, XM MT4 WebTrader does not require any downloads but will work perfectly on Mac OS and Windows PC. With the MT4 WebTrader platform, traders benefit from one-click trading, access to trading history, real-time monitoring of visible orders on the chart, customizable user interface and multiple close by requests.

xm platform


MOBILE PLATFORM

XM investors can trade anywhere at their own convenience using a smartphone or tablet. The robust XM mobile platform allows you to access your account using your Android phone or iPhone using the same login details you use to access your web-based account. The application is 100% native, offers full account functionality, and provides access to 3 types of charts, 30 technical indicators, trading history and news notifications.


ACCOUNT TYPES AND BONUSES

XM offers trading accounts with exciting features and functionalities. There are three types of accounts available:

Micro account- The micro account offers the following features:

• Minimum deposit: $5
• Base currencies: USD, PLN, GBP, CHF, SGD, AUD, HUF, JPY, RUB, ZAR, EUR,
• Size of contract: 1 Lot = 1,000
• Leverage: Up to 1:1 to 888
• Spread- Up to 1 Pip
• Maximum open orders per client: 200 Positions
• Minimum trade volume: 0.01 Lots
• Lot restriction per ticket: 100 Lots
• No commission
• Hedging allowed
• Islamic account available

Standard account- The standard account offers the following features:

• Minimum deposit:$5
• Base currencies: USD, PLN, GBP, CHF, SGD, AUD, HUF, JPY, RUB, ZAR, EUR,
• Contract Size: 1 Lot = 100,000
• Leverage: Up to 1:1 to 888
• Spread: Up to 1 Pip
• Maximum open orders per client: 200 Positions
• Minimum trade volume: 0.01 Lots
• Lot restriction per ticket: 50 Lots
• No commissions
• Hedging allowed
• Islamic account available

XM Zero Accounts- These accounts offer the following features

• Minimum deposit: $100
• Base currencies USD, EUR, JPY
• Contract Size: 1 Lot = 100,000
• Leverage: Up to 1:1 to 500
• Spread: Up to 0 Pips
• Maximum open orders per client: 200 Positions
• Minimum trade volume: 0.01 Lots
• Lot restriction per ticket: 50 Lots
• Commission applicable
• Hedging allowed
• Islamic account available

XM No Deposit Forex Broker

XM offers numerous promotional bonuses:

 

No deposit bonus

• Earn $30 upon opening a real account

• For new clients

• No deposit required

• No hidden fees

• All profits are withdrawable

 

Double Tier Welcome Bonus

• Earn 50% and an additional 20% bonus on your deposit

• Up to $5,000 is added to your deposit

• Applicable to all account types

• No hidden terms

 

20K Monthly forex contests

• Win up to $5,000 every week, each month

• Total of $20,000 to be won monthly

• No fees and no risk

• All wins can be withdrawn


TRADE TYPES AND ASSETS

XM offers investors the opportunity to invest in forex, commodities, equity indices, precious metals and energies

Forex trading- Trade over 50 currency pairs including exotics, crosses and majors, all day for 5 days a week. Forex trading offers leverage of up to 888:1 with tight spreads, no re-quotes or commissions.

Commodities trading- Diversify your portfolio and manage risk more so at a time of global economic slowdown, by trading in soft commodities such as sugar and wheat.

Equity Indices- Trading equity offers investors easy access to the market. From France 40, Germany 30, USA 500, to FTSE 100 XM offers a wide array of tradable equity indices.

Precious metals- XM investors can trade gold and silver without re-quotes, with leverage of up to 800:1 and without extra fees or commissions.

Energies- Trade oil and other energies to leverage the highly volatile markets at a trading margin of as low as $5, with no extra fees or commissions.

XM No Deposit Forex Broker


PAYMENT-DEPOSITS

XM offers a wide array of options to deposit funds into your account fast, safely and conveniently.

Credit Card- Fund your account using major credit cards including MasterCard, Visa, Maestro, Diners and Union Pay.

Timeframe: Immediately

Electronic Payment- Transfer funds to your trading account using e-wallets including Neteller, Skrill, Qiwi, FasaPay, iDeal, Sofor, CashU, Giro Pay, Przelewy24, Paysafe, and WebMoney

Timeframe: Immediately

Bank wire transfer and local bank transfer- Wire funds from your checking account directly to your XM trading account. A minimum deposit of $200 is required.

Timeframe: 2-5 business days

Western Union- Send cash to fund your account using international payment methods such as Western Union.

Timeframe: 24 hours


PAYMENT-WITHDRAWAL

XM makes it easy, efficient, fast and safe to withdraw funds from your account using various options.

Credit Card- Withdraw funds from your trading account using major credit cards including MasterCard, Visa, Maestro, Diners and Union Pay.

Timeframe: 24 hours

Electronic Payment- Withdraw funds from your trading account using e-wallets including Neteller, Skrill, Qiwi, FasaPay, iDeal, Sofor, CashU, Giro Pay, Przelewy24, Paysafe, and WebMoney

Timeframe: 24 hours

Bank wire transfer and local bank transfer- Receive funds in your checking account directly from your XM trading account. A minimum withdrawal of $200 is required.

Timeframe: 2-5 business days

xm promo


TOOLS AND FEATURES

XM offers a solid range of unique tools and features that make trading exciting and seamless:

Spreads- Traders can choose variable or fixed spreads. In an effort to offer traders the best spreads, XM provides fractional pip pricing allowing prices to be quoted to five-digits.

Managed accounts- Managed accounts are a unique feature on XM that allow traders who lack the time or experience to trade on their own to have an account manager who can manage the account and funds on their behalf.

Demo accounts- Prospective traders who are not ready to open a real XM account can open a demo account, which is provided with $100,000 virtual currency, allowing traders to test the platform in simulated trading.

Education center- XM has an advanced and comprehensive education center serviced with over 20 international languages. From videos, seminars, webinars to ebooks, articles, economic calendars and news, traders have the opportunity to always stay up to date.

MT4 Platform- The MT4 trading platform is one of the best in the industry. Its intuitive interface, and its responsive, no frills design offers a seamless, transparent and exciting trading experience.


CUSTOMER SUPPORT

XM has invested significantly in its customer support unit to provide multilingual customer services 24 hours, 5 days a week. The support team can be reached via live chat, telephone, fax and email.

JOIN XM AND CLAIM YOUR BONUS

XM Forex Broker

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General Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Your capital may be at risk. This material is not investment advice.

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