XM broker Review 2017

Today we are going to talk about XM Broker in depth. Since 2009 to 2012 XM forex broker was known as Trading Point. This broker is also known as XEMarkets among retails or institutional trades all over the world. Over 15 international award winners. XM Forex Broker is owned and powered by Trading Point of Financial Instruments Ltd.

XM.COM is a trading name of Trading Point Holdings Ltd, their business registration number: HE 322690 in Cyprus and Trading Point of Financial Instruments Ltd (Cyprus), business registration number: HE 251334 in Cyprus. Registered business office is in 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus.

XM Forex Broker is also registered and regulated by FCA, BaFin, CNMV, ASIC

  1. Regulated by FCA under license number  705428
  2. Regulated by ASIC under license number 443670
  3. Registered by BaFin under Registration number 124161

Trading point founded in 2009.  late 2012 they acquired XEMarkets and re-branded their business domain name to XM.com.

At XM Forex you will have 6 Asset Classes – 16 Trading Platforms to trade and enjoy Over 300 Instruments

Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies and Equity Indices.

How Many Types of Trading Account XM Broker offer?

Currently they offer 3 major types of trading account for their traders. Which are;

  1. XM Micro Account
  2. XM Standard Account
  3. XM Zero Account

Each account has different types of trading conditions and benefits.

There are two accounts to choose from at XM. The Micro trading account is suitable for beginners who wish to generate profits with a relatively low level of risk. More experienced and professional traders with a more in-depth knowledge of the financial markets would prefer the Standard account. Best part is you can enjoy trading using both trading platform for one trading account. XM offer MT4 and MT5 platform for their traders across the world.

Micro Account

Are you a beginner in forex trading industry?

Then Micro account is suitable for you to start trading with XM broker.

Base Currency Options                                  USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR

Contract Size                                                     1 Lot = 1,000

Leverage             1:1 to 1:888 ($5 – $20,000)

1:1 to 1:200 ($20,001 – $100,000)

1:1 to 1:100 ($100,001 +)

Spread on all majors                                                      As Low as 1 Pip

Commission                                                                       No

Maximum open/pending orders per client          200 Positions

Minimum trade volume                                               0.01 Lots (MT4)

                                                                                                  Lots (MT5)

Lot restriction per ticket                                               100 Lots

Hedging allowed                                                             Yes

Islamic Account                                                                 Optional

Minimum Deposit                                                           5$

XM Standard Account

Standard account has been customized for those traders whose are enough experienced with depth knowledge of financial market. If you want to try standard account then, you have to deposit minimum $5 to be eligible. But to enjoy the benefit of high leverage you have to deposit minimum $20000. Standard accounts include;

XM Forex Zero Accounts

When you will be ready and confident to dive deeper into the financial market then, XM Zero Account is ideal for you. At, XM Zero Account spreads starts from 0.0 pips. But to be eligible for XM Zero Account you have to deposit minimum $100 into your trading account. Actually, Zero Account is for professional forex trader who has over 3-5 years of real trading experience with their own trading strategy.

Base Currency Options                                                  USD, EUR, JPY

Contract Size                                                                     1 Lot = 100,000

Leverage                                                                             1:1 to 1:500 ($100 – $20,000)

1:1 to 1:200 ($20,001 – $100,000)

1:1 to 1:100 ($100,001 +)

Spread on all majors                                                      As Low as 0 Pips

Commission                                                                       $5

Maximum open/pending orders per client          200 Positions

Minimum trade volume                                               0.01 Lots

Lot restriction per ticket                                               50 Lots

Hedging allowed                                                             Yes

Islamic Account                                                                Optional

Minimum Deposit                                                           100$

So, it is all up to you as a retail forex trader to decide which account is ideal for you to trade with XM Broker.

Free demo accounts can be opened using either of the three accounts and each trading account has access to the MetaTrader4 and MetaTrader5 trading platform. Traders can use demo accounts as long as they want but demo accounts that have been inactive for longer than 120 days from the last login will be closed. However, a new one can be opened at any time.

In addition, Forex Islamic accounts, also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, are offered to clients following the Muslim faith. Islamic accounts can be opened in Micro, Standard or XM Zero Account forms.

What trading platform they have for traders

You will be happy to know that XM is offering both MT4 and MT5 platform for traders. They have customized and decorated these two major platforms with full of features and tools for you to make your trading easier and profitable. Both platforms got different features and benefit. MT5 is pretty new in the market, but with new and modern technology to let you enjoy the real-time trading power. Each trading platform has web and smart phone version too to make your trading more active and innovative.

Allow me to elaborate trading features of both platforms.

Why XM MT4 Platform is Better for You?

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

XM Forex MT4 Trading Platform Features

  • Over 300 Instruments Including Forex, CFDs and Futures
  • Single Login Access to 8 Platforms
  • Spreads as low as 0 pips
  • Full EA (Expert Advisor) Functionality
  • Click Trading and Built in News Functionality
  • Technical Analysis Tools with 50 indicators and charting tools
  • Chart Types
  • Micro Lot Accounts (Optional)
  • Hedging allowed
  • VPS Functionality

What makes XM MT5 Better than MT4 platform?

The XM MT5 offers all the pioneering features that the XM MT4 has to offer, with the addition of 180 Stocks (Shares) CFDs, making it the ideal Multi-Asset Platform. Trade FX, Stocks, Gold, Oil and Equity Indices from 1 Platform with no rejections, no re-quotes and flexible leverage from 1:1 to 888:1.

XM MT5 Features

  • Over 300 Instruments, including Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies.
  • Single Login to 7 Platforms
  • Spreads as Low as 0 Pips
  • Full EA Functionality
  • One Click Trading and News Streaming
  • All Order Types Supported
  • Over 80 Technical Analysis Objects
  • Market Depth of Latest Price Quotes
  • Hedging Allowed

XM MT5 Main Features

  • Multi-asset platform for over 300 instruments
  • Ability to display 100 charts simultaneously
  • Supports all order types, including market, pending, stop orders, and trailing stop
  • Over 80 Technical Indicators and over 40 Analytical Objects
  • Fundamental analysis & news streaming
  • Superior built-in MQL5 development environment
  • Mobile trading for Android & IOS
  • Web trading for Windows, Mac, Linux operating systems
  • Internal mailing system
  • Multi-currency tester and alerts

What Trading Instruments They Offer For MT5 Traders?

On the MT5 platform you can trade all the instruments available at XM including Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies

What Trading Features Do They Have For Traders?

XM has long history of is accomplishments. They are proud of their history and achievements.

Attained Its ‘Milestones in our Corporate History’ chart goes back to 2011 and points to a background of trustworthiness and corporate involvement. Since 2011 they have attained trustworthiness among individual and institutional investors for their products, services and quality.

whether you are new or old, individual or big institutional investor, XM care about their client’s. They love to visit them, their cities to interact with them face to face. XM broker always helps their traders, partners to learn forex trading and business. They have visited over 120 cities within last 7 years. They organize and host seminars, live webinars, training sessions to educate traders, enabling them to make better trading decisions. This is how they have achieved traders trust and brand awareness among all of us. These activities have helped XM reach the highest levels of client retention of any Forex broker, anywhere.

  • Over 1,000,000 clients from 196 countries
  • Over 150,000,000 trades executed with zero requotes or rejections, ever.
  • Over 120 cities visited to meet with clients and partners.
  • 25 secure payment methods
  • 16 full feature trading platforms
  • More than 30 languages supported
  • 24/5 personal customer service

 

Research and Education

Research and education designed with 3 categories for newcomers and professional traders. Every category has more sub-categories to make it easier for you to find educational information.  Which are;

  • Research
  • Learning Centers
  • Tools

Research

XM research offers for you daily Market Reviews, Forex News, Investment Ideas, Technical Analysis, Daily Market outlook and forex analysis video.

Learning Center : Learn first before you earn?

XM learning center provides professional free webinars, video tutorials and organize free forex seminars for traders.

XM has 26 professional and experienced trainers to provide forex trading training through webinars in 18 different languages in 6 days a week. Their webinar page is daily up to date, where you will get to know about all upcoming days webinars. See the full list of

  • Upcoming webinars
  • Upcoming Forex Seminars and Workshops

Trading Tools : Best trading tools from XM broker?

XM always helpful ad cooperative to their investors and traders. Under tools page you will forex signal section, MQL5 signal provider community, Upcoming Economic Calendar and advanced trading calculators. Visit to learn more about ;

  • Forex Signals
  • MQL5 signal community
  • Upcoming Economic Calendar
  • Forex advance Calculators

The FAQ section covers all types of questions and the answers are very informative and beneficial.

Do they offer Bonuses/Promotions for new or old traders?

Yes

Several times a year, XM offer different types special seasonal bonuses and competitions. At present XM broker offering 2 different promotions, which are;

15% welcome bonus

The Welcome Bonus offers an additional 15% on you first deposited fund. You will get up to $500 welcome bonus depending on your deposited amount. But XM Zero Accounts are not eligible to receive Deposit Bonuses.

Click to Find more details about welcome bonus

Loyalty Rewards

Trade and earn XM Points that can be used for credit bonus rewards. Best part is there are no forms to fill and nowhere you need to sign up to join, as soon as you start trading, you start earning.

sign up today and enjoy your loyalty rewards

How may I Deposits or Withdrawals my fund?

You can Deposit or Withdrawal your fund at XM using different payment gateway. But you have keep in mind that, the way you will use to deposit fund, you have to use the same payment gateway to withdrawal your fund. XM Broker offers Following payment gateway for their traders;

Deposit Options

China UnionPay, Credit Card, iDeal, Moneybookers, MoneyGram, Neteller, Skrill, Sofort, Webmoney, Western Union, Wire Transfer

withdrawal Options

China UnionPay, Credit Card, iDeal, Moneybookers, MoneyGram, Neteller, Skrill, Sofort, Webmoney, Western Union, Wire Transfer

Customer Support: Best customer support team in the forex market?

The XM customer support desk is available 24 hours a day, from Monday to Friday. Representatives speak English, Greek, Japanese, Chinese, Bahasa Malay, Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Korean, Portuguese, Czech, Slovakian, Bulgarian, Romanian and Dutch.

Traders can contact a rep at different departments in several international locations via email of telephone. Live chat is also available.

Emails:

[email protected]

SUPPORT DESK

 Working hours: 24/5 GMT

 ‎+357 25029933

 ‎+357 25345225

 [email protected]

ACCOUNTING DEPARTMENT

 Working hours: 07:00 – 16:00 GMT

 ‎+357 25029918

 [email protected]

AFFILIATE DEPARTMENT

 Working hours: 07:00 – 16:00 GMT

 ‎+357 25029900

 ‎+357 25345225

 [email protected]

HUMAN RESOURCES

 Working hours: 07:00 – 16:00 GMT

 ‎+357 25029900

 [email protected]

BACK OFFICE

 Working hours: 24/5 GMT

 [email protected]

DEALING ROOM

 Working hours: 24/5 GMT

 ‎+357 25029910

 [email protected]

SALES DEPARTMENT

 Working hours: 07:00 – 16:00 GMT

 ‎+357 25029930

 [email protected]

PR ENQUIRIES

Working hours: 07:00 – 16:00 GMT

 ‎+357 25029914

 [email protected]

Head Office

12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

Office hour:  07:00 – 16:00 GMT

Contact Number: +357 25029933

Affiliated and Support Office

UK

Citypoint Building 1 Ropemaker Street

EC2Y 9HT London, UK

Office hour:   24/5 GMT

Contact Number: +44 2031501500

Australia

Level 13, 167 Macquarie House, Macquarie Street

Sydney 2000, NSW, Australia

Office hour:   24/5 GMT

Contact Number:  +612 8607 8385

Hungary

József Nádor tér 5-6, 1051

Budapest, Hungary

 Office hour:  09:00 – 18:00 (GMT+1)

 Contact Number: +361 788 3882

Greece

Platia Kolonakiou 21 10674

Athens, Greece

Office hour:   09:00 – 18:00 (GMT+3)

Contact Number:  +30 211 7700022

 

ProsCons
  • Offers Islamic Accounts
  • Choice of Platforms
  • Fully regulated by CySEC, FCA & ASIC
  • Multi-language Customer Service
  • Low spreads
  • You can start trading with xm forex by  depositing minimum $5
  • Instant deposit and withdrawal
  • Free webinars and training
  • Free Seminars
  • Free VPS
Affiliate Commission up to $10 only, when other brokers are offering more than $15 per lot.

Final Words Regarding XM Forex Broker

XM is a leading force in the online trading sector and is committed to the people it serves. The UK based organization, Investors in People, has recognized XM for its efforts in helping their clients to realize their full potential and achieve their goals.

Every trader wishes to make profit from his/her every trader though it is not possible, as every broker also wants to suck our blood money to build up their empire. We all know that!!! But there are some broker who really try to be good ad provide best to build up brad reputation among us, XM broker or XEMarkets is one of them.

Are They Reliable ?

XM broker is reliable, trustworthy, transparent and secure to invest and trade with. They are regulated and registered by known and best financial authorities. which makes them more strong and trustworthy broker for retails or institutional investors.

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