XM.com Review

  • Broker Type: STP

  • Leverage: 1:500

  • Regulation: CySEC,FCA, ASIC

  • Min. Deposit: US$5

  • HQ: Cyprus

  • Platforms: MT4, MT5, XM WebTrader

  • Found in: 2009

Broker Licenses:

  • Trading Point of Financial Instruments Ltd -  authorized by CySEC (Cyprus) registration no 120/10
  • Trading Point of Financial Instruments UK Ltd  - authorized by FCA (UK) registration no. 538324
  • Trading Point of Financial Instruments Pty Ltd - authorized by ASIC (Australia) registration no 443670

Company Brief:

The broker started its activity in 2009 and so far operating clients from over than 196 countries and support staff speaking in 30 languages. The main company branch located in Cyprus, however their offices are truly global and serving in UK, Australia, Belize and Greece.

About 1.5 Million Traders and investors at FX.com are able to choose from a wide range of value added products, more than 55 currency pairs and over 700+ trading instruments. The reason for such a fast growth and trust is that XM aims to provide the best user experience in the industry to their clients. By no re-quotes and no rejections policy of trading orders company provides a trustworthy trading. Moreover, 99.35% of all trading orders are executed in less than one second with no hidden fees or commissions.

Since Company main focused is on the Client, at XM the account can be opened regardless net of capital, for as low as $5 you can get started. Generally, all procedure from account opening, managing, depositing/ withdrawing and trading is straightforward, simple and easy. 

The company has won many awards for their industry achievements.

Forex Platform Awards:

Best Forex Platform 2015 | 5th China Investment Finance Expo

Best Financial Trading Platform 2015 | 8th Saudi Money Expo

Best Innovative Forex Provider 2013 | ARABCOM Group

Forex Services Awards:

Best Trading Support for 2017| Capital Finance International Magazine (CFI.co)

Best FX Service Provider for 2017 | City of London Wealth Management Awards

Best Local Customer Service 2016 | Brokers Billboard 2016

Investment & Finance Expo, 2016 | 9th Saudi Money Expo

Best FX Technology Provider 2015 | Brokers Billboard 2015

Best FX Technology Provider 2014 | 6th Saudi Money Expo

Best FX Technology Provider 2014 | 10th China Int. Investment & Finance Expo

Forex Broker Awards:

Best International Broker in the MENA Region | Egypt Economic Forum 2018

Best Forex Execution Broker | Shares Magazine “UK Forex Awards 2017”

Best FX Broker Europe for 2017 | World Finance Forex Awards

Industry Selection of 2016 | Best Gold Broker

Industry Selection of 2016 | Best Forex Broker

Brokers Billboard 2015 | Best Local Customer Service 

XM.com (Trading Point) Review

Licenses, Regulations & Security of funds:

The XM Group stuck to enhanced regulatory standards, hence following many regulation policies. A company licensed by FCA (UK), under reference no. 538324, by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, and the ASIC in Australia (Trading Point of Financial Instruments Pty Limited). Nevertheless, Trading Point of Financial Instruments Ltd (XM.com) operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union and in addition, holding registrations at various governmental institutions: BaFin (Germany), CNMV (Spain), MNB ( Hungary), CONSOB (Italy), ACP (France) and other.

To secure clients funds XM collaborates with investment grade banks and use segregated accounts, the Investor Compensation Fund insures funds up to €20,000. Besides, one of the advantages trader gets is Negative Balance Protection, so there is no risk to lose more than available balance.

Trading Platforms and Tools:

XM clients access to make transactions and trades throughout well-known and well-developed trading platforms MetaTrader4 and MetaTrader5, though company developed software into 16 Trading platforms, which cater just any device, so trader get full account functionality and make trading process at ease and comfort. Directly accessible just from one account all platforms are integrated with full site of technical analysis, indicators and comprehensive tools, stop or trailing orders and spreads starting from 1 pip. Automated trading is also available with the use of EA feature.

Simply, at XM each client gets availability to trade just by any device or any suitable for the trader way, for obviously his advantage. Platforms including web, mobile and even multiple accounts trading, with an unlimited use of charts and EAs. The platform software designed for the following: PC/MAC – MT4, MT4 Multiterminal, MT4 WebTrader, MT5, MT5 WebTrader; iPhone/Android – MT4, MT5; Tablet iPad/Android – MT4, MT5. 

Trading Instruments and Accounts:

With a very wide range of trading instruments available from a single multi asset platform, as been mentioned about 55 currency pairs and over 700+ trading instruments. Hence, XM makes trading easier, clients have a great choice to meet their expectations and preferences, so are able to trade forex or CFDs on stock indices, commodities, stocks, metals and energies from the same trading account.

Clients can choose from three main account types – Micro, Standard and Zero Accounts with custom-friendly conditions, the breakdown below. Each of these accounts, upon clients’ request, can be referred to swap-free/ Islamic account, which implies no swap interest. 
If client may be new to forex, a demo account is an ideal choice to test trading potential which XM is offering too.

 

Micro Account

Standard Account

XM Zero Account

Contract size

1 Lot = 1,000

1 Lot = 100,000

Leverage

 

1:1 to 1:500 ($5 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)

1:1 to 1:500 ($100 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)

Minimum Deposit

5$

100 $

Spread on all majors

As Low as 1 Pip

As Low as 0 Pips

 

Another XM’s Unique Feature is – XM VPS, Rapid Trade Execution, remote connection to a Virtual Private Server(VPS). The XM VPS allows non-stop work without your monitoring or even having computer on. Clients that maintain a minimum amount of $5,000 or equivalent, are eligible to request a Free VPS, for the ones’ that can’t meet the above still can request a tool with a monthly cost – $28.

Deposits and Withdrawals:

No re-requotes and no hidden fees or commissions policy, as well Negative balance protection, all together brings very comfortable as well the strict real-time market execution policy and brings XM very welcomed among brokers.

Clients having choice of various payment options: credit cards, bank wire, E-wallet (Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL). As well company again taking care of their clients’ comfort, introduced a local bank transfer option, which enables to fund the account through local banks and currency.

0% – zero fees on deposits & withdrawals. Very pleasant addition, company got all the transfer fees covered including e-wallets, all major credit cards, instant account funding, wire transfers above 200 USD covered and there is no hidden fees or commissions.

Restricted Regions: 

Trading Point of Financial Instruments Ltd (xm.com) does not provide services for citizens of certain regions, such as the United States of America, Canada and Israel.

Conclusion:

In conclusion XM is a well-regulated broker by numerous highly respected regulators, transparent and extremely customer friendly broker.

Definitely, with XM each client will find his own preferences, numerous support and advantages throughout all the process from A to Z, attentive, always on-hand XM staff will make sure all needs are met, all together do really assists in pleasant trading for both, new and experienced traders or clients.

The firm has quickly passed through its early development stage and in prevalence obtaining very favourable reviews.

No requites, no rejections, very helpful 24-hour support, negative balance protection and zero fees, accompanied with advanced partner programs and one of the most generous bonuses in the industry makes XM a truly human broker.

No news available.