XM (XM.COM) - Forex Broker Review

Voters Rating: 62 %, 38 %

Traders Rating:


XMhttp://www.xm.com/gw.php?gid=569
Status
License CySEC, ASIC
Trading platforms MetaTrader4, XM Webtrader
Address 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 Platform and XM Webtrader and gives its customers substantial deposit bonus

Pros

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 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 1:888

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

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 Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Platforms Metatrader4, XM Webtrader
Broker type Broker
Regulation CySEC, ASIC
Foundation 2009