XM.COM Review

Forex Brokers

XM.COM Review

XM is offering a wide asset index, good customer service, and competitive trading terms.

Their platforms include a WebTrader, MetaTrader-4, MetaTrader-5, plus mobile traders for iPhone and Android. Their trading spreads are fair while their execution is considerably fast with minimal slippage. No commissions are charged by XM. One of the great advantages of XM is the trader's funds' safety, as the broker is regulated by a great number of bodies while XM provides also segregated bank accounts. Automated trading and scalping are available while traders may find free trading signals. Education is offered by XM via frequent free webinars. The minimum amount to open an account is just $5 while a great number of fund methods are available. No deposit or withdrawal commissions are charged. The bonus policy of XM is standard 50% for new customers (under a certain policy) but from time to time you may find even better bonus deals. The broker offers also frequent trading contests (real and demo contests). There is also a $30 No-Deposit Bonus promotion (under a certain policy).

 

XM CORPORATE INFO & ACCOUNTS

XM Instruments & Execution Type
 

■ DD (Market Maker)

■ CFDs Trading (Commodities, Energy, Stocks, and Indices)

■ CFDs on Futures (Great for swing-trading as there are no overnight rates)
US Traders
 □ XM forbids US Traders
XM Regulation & Foundation
 

■ XM is regulated by CySEC, FCA UK, and ASIC

■ XM Headquarters are based in Cyprus

■ XM was found in 2009
XM Minimum Account Size
 □ Minimum account size at XM is $5
Main XM Fund Methods Available
□ Credit/Debit Cards
□ Bank Wire
□ MoneyBookers
□ CashU
□ UnionPay
□ Neteller
□ FasaPay

XM Account Currencies
□ United States Dollar (USD)
□ Euro (EUR)
□ British Sterling (GBP)
□ Japanese Yen (JPY)
XM Bonus Policy
■ XM offers 30-50% welcome bonus for new traders (credit bonus)
■ $30 No-Deposit Bonus
 
NOTE: Bonus is not applicable for clients registered under:
  • Trading Point of Financial Instruments Ltd and
  • Trading Point of Financial Instruments UK Ltd.

TRADING WITH XM

XM Leverage
 ■ XM offers leverage up to 30:1
XM Execution Type
□ XM is a Market Maker
XM Minimum Lot Size 0.01
XM Spread Type
■ XM offers Fixed and Variable Spread
XM EUR/USD Spread
□ 1.4 pips
XM GBPUSD Spread
 □ 1.8 pips
XM USD/JPY Spread
 □ 1.5 pips
Trading Commissions

■ XM does not charge Trading Commissions, just the spread

But it offers Zero-Spread Accounts
XM Number of Currency Pairs
 ■ XM offers 250 financial instruments on MT4/MT5
  • Forex Trading
  • Cryptocurrencies CFDs
  • Stocks CFDs
  • Commodities CFDs, and
  • Equity Indices CFDs

 


 

XM TRADING PLATFORMS

XM Desktop Platforms
 
■ XM MetaTrader 4
■ XM MetaTrader 5
■ Web Trader
XM Mobile Platforms
■ XM iPhone Trader
■ XM Android Trader
■ XM iPad Trader
XM Automated Trading
□ XM provides automated trading via MT4 and MT5
XM Hedging / Scalping □ XM allows Hedging/Scalping

 

XM CUSTOMER SERVICE

XM Customer Support
□ Email
□ Phone
□ Live Chat
XM Customer Service
■ XM offers 24/5 Customers support
■ XM provides Individual Account Manager
XM Website Languages Supported (19 Languages)
□ English
□ Spanish
□ Chinese
□ Arabic
□ French
□ German
□ Italian
□ Greek
□ Japanese
□ Portuguese
□ Russian

 

 

Other Reviews: » MultibankFx.com Review| » FBS Review | » StrategyQuant Review | » IronFx.com Review | » EA Builder Review

 

■ XM.com Review -Is it a scam or not?

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