XM.COM Review

Forex Brokers

XM.COM Review

XM is a market maker providing several trading platforms, including WebTrader, MetaTrader 4, MetaTrader 5, and mobile apps for iPhone and Android. Trading spreads are reasonable, and execution is notably fast with minimal slippage. XM does not charge any trading commissions. A major advantage of XM is the safety of client funds, as the broker is regulated by multiple authorities and maintains segregated bank accounts.

Automated trading and scalping are supported, and traders can access free trading signals. XM also offers educational resources through frequent, free webinars. The minimum deposit to open an account is just $5, and a wide range of funding methods is supported. No deposit or withdrawal fees are applied.

 

  • High spreads, not ideal for intraday trading

  • Costly swaps, making it unsuitable for holding positions overnight (except when trading CFDs on futures)

 

 

 

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)
 
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

 

■ XM.com Review -Is it a scam or not?

ForexAutomatic.com

 

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