CFD BROKER REVIEW:

XM REVIEWXM (XeMarkets)

XM REVIEW AT A GLANCE

  • Execution: STP Model / Market Maker

  • USA: NO

  • SWAP-Free Trading: YES
  • Regulated: CySEC (Number), ASIC (443670), MiFID (EU)

  • Segregated Client Bank Accounts: Yes

  • Trading Platforms: MT4, WebTrader, MirrorTrader, Signals via ZuluTradre, Mobile Traders

  • Scalping: YES

  • Markets: Forex, Indices, Precious Metals, Energy, Commodities

  • Minimum Deposit: $5

  • Deposit Methods: Cards, Bank Wire, MoneyBookers, Neteller, Western Union (check below for all methods)

  • Bonus: 30-50% Credit Bonus | $30 free bonus for all new traders (no-deposit bonus)

  • Customer Support Languages: English, Arabic, Japanese, Chinese, Russian, French, Spanish, Italian, German, Greek, Polish, Hindi, Korean, Portuguese, Bahasa Malay, Bahasa Indonesia, Hungarian, Czech, Slovakian, Bulgarian, Romanian and Dutch 

» XM Web-Site

 

XM RATING AT FXPROS.NET

This is the Rating summary of XM from FXpros :

XM RATING (FORMULATED)

 

(I) Funds Safety

82 %

(II) Trading Cost

71 %

(III) Trading-Options

100 %

(IV) Technology

68 %

XM Average Rating

81 %

XM CFD/FOREX BROKER REVIEW

XM Company Review

XM was found in 2008. Here are some important facts about XM:

XM Platforms(1) XM is based in Cyprus

(2) XM is regulated by: CySEC (Number), ASIC (443670), MiFID (EU)

(3) XM offers client bank account segregation

(4) XM is member of the Investor Compensation Fund

(5) XM is the trading name of Trading Point Ltd

XM PLATFORMS

XM provides 8 different trading platforms, here are some facts:

  • MT4, WebTrader, MirrorTrader, Signals via ZuluTrade, Mobile Traders
  • Trade CFDs on both webtrader and MT4 platforms
  • Multiple trading orders
  • Mobile apps for iPhone, Android, and PAD
  • Automated Trading, Scalping, Hedging: YES
  • PAMM / MAM Accounts via the MT4 Multiterminal

XM MAC METATRADER-4

The XM offers a separate version of MetaTrader4 for Apple Mac

XM ASSET INDEX

XM trades Forex, Metals, Energies, Equities, and Commodities:

  • 60+ Forex pairs

  • Precious Metals (SILVER, GOLD)
  • Energy (Light OIL, Sweet Crude Oil, Natural Gas)
  • Trade Crude oil futures (CFDs on Futures)
  • WHEAT, CORN, Soybean
  • Wall Street 30,  US100, US500, UK100, France 40, Germany 30, Nikkei 225, Switzerland 20, EUX50 and more indices
  • Trade US-30 and US-500 futures (CFDs on Futures)
  • Fractional pip pricing

  • Gold and silver trading without no-requotes

  • XM required margin starts as low as 5 USD

 

XM.COM TRADING ACCOUNTS

XM offers 3 account types:

XM ACCOUNTS

MICRO

STANDARD

EXECUTIVE

Minimum Deposit

$5

$5 $100,000

Account Currency

USD, EUR, GBP, JPY, CHF, AUD, RUB

Leverage

Up to 1:500

Up to 1:100

Markets

Forex, Indices, Precious Metals, Energy, Commodities

Spread on all majors

starts at 1.4 pip

Trading Commission

Not charged

Automated Trading / Scalping

Yes

SWAP Free / Islamic Account

Yes

Zer0-Spread Account

Yes

 

» XM Accounts / Free $30 Bonus Promotions

Customer Support Languages:

  • European Languages: English, French, German, Greek, Italian, Polish, Portuguese, Russian, Spanish, Swedish

  • Other Languages: Arabic, Chinese, Indonesian, Japanese, Korean, Malay, Thai, Turkish

 

XM FREE OFFERINGS

Here are some free offerings from XM:

■ 30-50% Welcome Bonus, up to $5,000 per trading account

■ Free bonus $30 (no-deposit) -Completely free

■ Rebate points (free extra cash based on trading volumes)

■ Daily market updates

■ Free Trading Education (Tutorials, Webinars etc)

» XM Welcome Bonus

XM REVIEW ADVANTAGES AND DISADVANTAGES

XM REVIEW ADVANTAGES

XM REVIEW DISADVANTAGES

■ Regulated and Reliable Broker

■ Wide Asset Index including CFDs on Futures (no overnight charges)

■ Many different Platforms, including PAMM, MirrorTrader, and signals from ZuluTrade

■ Automated Trading and scalping are allowed

■ 30USD Free No-Deposit Bonus to test their platform

■ Tens of different Fund Methods are available

■ Multilingual support (15+ different languages)

■ The min distance of stop-loss is wide, something bad for scalpers

 

XM REVIEW –REVIEW CONCLUSIONS

XM is a CFD / Forex broker based in Cyprus. The company was found in 2008 and it is regulated by many different government bodies such as CySEC, ASIC Australia, and MiFID. The broker is also registered with other European Regulatory Bodies such is BaFIN (Germany). XM provides segregated client bank accounts and it is part of the Investor Compensation Fund. All the above facts and licenses ensure the safety of trading funds to a very high extent.

As concerns trading platforms and technology, XM provides a wide variety of features and selections. Trading platforms include MT4, WebTrader, and Mirror Trader plus a version of MT4 exclusively for Apple Mac. There are also 3 versions of mobile traders plus an MT4 multi-terminal platform for PAMM accounts. XM offers multiple trading orders and their order execution is considerably fast. Note that when I traded with XM during News-Releases there were some delays in my execution. In addition, the minimum stop-loss distance when placing a trading order is wide. These two facts combined make XM unsuitable for Forex scalpers.

The asset index offered by XM is very wide including 60+ Forex pairs, many Stock-Market Indices, Energies, Commodities and Precious Metals. XM spreads start at 1.4 pip without any commissions charged. Usually, you will find EURUSD at about 1.7-1.8 pips. New Account Registration is very easy and you can start a real account with as low as $5. There are many different account currencies and the maximum leverage is up to 500:1. The customer support is very good covering more than 15 different languages (English, Arabic, Spanish, Russian, etc.). XM offers 30-50% welcome bonus which can be used as free margin. There is also a $30 free bonus promotion. You can open a real account and get this small amount without making a deposit. The free bonus is a nice way to test the XM platform without risk. As concerns trader’s education, the broker offers extended video tutorials, seminars, online webinars and daily market analysis.

XM is a reliable choice for advanced, beginners and professional traders. XM is good for all trading styles except for Forex Scalpers. Swing traders will feel very comfortable when trading CFDs on Futures as they can trade Oil, US-30 and many commodities without paying overnight rates.

» Open an Account with XM

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