Broker Fast Facts

  • Company Name: XM
  • Established: 2009
  • Country: Cyprus, Australia, Greece
  • Regulation: CySEC, IFSC
  • Instruments: currencies, stocks, commodities, indices and cryptocurrencies
  • Minimum Deposit: $5
  • Leverage: 1:888
  • US Clients: No
  • Top Funding Methods: Wire, credit card, Skrill, Neteller
  • Platform: MetaTrader 4, MetaTrader 5
  • Dealing Desk: No
  • ECN: Yes 
 

 

Introduction to XM

With over 3,500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader. XM is currently built of more than 450 professionals with long-year experience in the financial industry. The extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere. 

XM Awards for 2020

  • Awarded as Best FX Broker, Europe by World Finance Awards 2020
  • Awarded as Best FX Broker, Australasia by World Finance Awards 2020
  • Acquires Gold accreditation from Investors in People
  • Awarded Best FX Service Provider by City of London Wealth Management Awards (COLWMA) 2020

Advantages of Forex Trading with XM

55+ currency pairs - majors, crosses and exotics 

24 hours a day, 5 days a week 

XM Regulation 

Trading Point Holdings Ltd is the holding company of Trading Point of Financial Instruments Limited, XM Global Limited, Trading Point of Financial Instruments UK Limited, Trading Point of Financial Instruments Pty Ltd, Trading Point MENA Limited.

  • Trading Point of Financial Instruments Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence number: 120/10).
  • XM Global Limited is authorised and regulated by the International Financial Services Commission (IFSC) (60/354/TS/19).
  • Trading Point of Financial Instruments UK Limited is authorised and regulated by the Financial Conduct Authority (FRN: 705428).
  • Trading Point of Financial Instruments Pty Ltd is authorised and regulated by the Australian Securities and Investment Commission (AFSL 443670).
  • Trading Point MENA Limited is authorised and regulated by the Dubai Financial Services Authority (DFSA) (Reference No. F003484).

Accepted Countries

XM accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use XM from United States, Canada, Israel, Iran.

Trading Account Types 

XM offers great demo account simulator. Users can set up a demo account with just a few details and then get trading with a virtual balance of $100,000USD. The XM demo account is unique in that it offers exactly the same trading conditions as the real thing. There are no time limits on how long you can use your demo account.

Micro Account

  • Base Currency Options : USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Contract Size 1 Lot = 1,000
  • Spread on all majors As Low as 1 Pip
  • Commissions: no
  • Maximum open/pending orders per client 200 Positions
  • Minimum trade volume 0.01 Lots (MT4) 0.1 Lots (MT5)
  • Lot restriction per ticket 100 Lots
  • Islamic Account is available
  • Minimum Deposit 5$ 

Standard Account

  • Base Currency Options USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR
  • Contract Size 1 Lot = 100,000
  • Spread on all majors As Low as 1 Pip
  • Commissions: no
  • Maximum open/pending orders per client 200 Positions
  • Minimum trade volume 0.01 Lots
  • Lot restriction per ticket 50 Lots
  • Islamic Account is available
  • Minimum Deposit 5$ 

XM Zero Accounts

The XM Zero account features ultra-thin spreads as low as zero pips, along with XM's no re-quotes execution policy. The clients can choose to open an XM Zero Account with up to 500:1 leverage in USD, JPY or EUR base currencies and trade over 55 currency pairs, as well as gold and silver on MT4 and MT5 for Windows, Mac, iPhone, iPad and Android powered devices.

  • Base Currency Options USD, EUR, JPY
  • Contract Size 1 Lot = 100,000
  • Spread on all majors As Low as 0 Pips
  • Commission yes
  • Maximum open/pending orders per client 200 Positions
  • Minimum trade volume 0.01 Lots
  • Lot restriction per ticket 50 Lots
  • Islamic Account is available
  • Minimum Deposit 100$ 

Visit XM Website

XM Trading Platform

Metatrader 4 (MT4)

XM pioneered the offering of an MT4 platform with trading execution quality in mind. Trade on MT4 with No Requotes, No Rejections with flexible leverage ranging from 1:1 – to 888:1

XM MT4 Features

  • Over 1000 Instruments Including Forex, CFDs and Futures
  • 1 Single Login Access to 8 Platforms
  • Spreads as low as 0 pips
  • Full EA (Expert Advisor) Functionality
  • 1 Click Trading
  • Technical Analysis Tools with 50 indicators and charting tools
  • 3 Chart Types
  • Micro Lot Accounts (Optional)
  • Hedging allowed
  • VPS Functionality

Accessible with No Download — PC and Mac OS. 

  • One-click trading
  • Selection of periods on the History tab
  • Active orders visible on the chart
  • Close By and Multiple Close By trade requests
  • Editable properties of graphical objects

XM Promotions

XM LOYALTY PROGRAM

With so many rewards and incentives already, you might think that XM could not be any more generous, but you would be wrong. In addition to all other bonuses and rewards, a few times a year XM will offer special seasonal bonuses marking certain calendar events and occasions that will be available for very limited periods of time. In addition to this we will also offer highly exclusive bonuses that will be made available on an invitation only basis.

FREE VPS SERVICES

Make the most of your trades 

  • Eliminate downtime
  • Ideal for EAs
  • Increase the speed of your trades
  • Accessible from anywhere
  • Online 24/7

ZERO FEES ON DEPOSITS & WITHDRAWALS

XM got the transfer fees covered 

  • All e-wallets 100% covered
  • All major credit cards 100% covered
  • Wire transfers above 200 USD covered
  • Instant account funding
  • No hidden fees or commissions 

Open Trading account with XM 

XM Trading Instruments

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.

Payment Methods

XM offers a wide range of payment options for deposits/withdrawals with electronic funding such as Skrill and Neteller as well as credit cards and bank wire transfers. Moneygrams and Western Union payments are also accepted.

As soon as you open a trading account, you can log in to our Members Area, select a payment method of your preference on the Deposits/Withdrawal pages, and follow the instructions given.

You can deposit money in any currency and it will be automatically converted into the base currency of your account, by XM prevailing inter-bank price.

The minimum deposit/withdrawal amount is 5 USD for multiple payment methods supported in all countries. However, the amount varies according to the payment method you choose and your trading account validation status. You can read more details about the deposit and withdrawal process in the Members Area. 

Customer Support and Educational Material

The Research and Education center offers daily updates on all the major trading sessions along with multiple daily briefings on all critical market events which daily shape the global markets. Manned by 20 multilingual market professionals we present a diversified educational knowledge base to empower our customers with a competitive advantage.

Representative can be reached via phone, online chat, email.

How are 2020 Reviews created?

Our detailed 2020 Forex Broker Review of most reputable online international forex brokers consist of testing, comparing and researching of more than 100 facts and features offered by each brokerages. This site offers latest and accurate data on each broker listed, providing our visitors quality reviews. Our agenda is to help new traders find the best way to start forex trading.