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XM Review

XM

General Rating

3.42/5
3.7/5

Trust Score

2.30/5
2.4/5

User Rating

4.09/5
3.7/5

Xm Is A Well-established Broker Since 2009. Xm Has Headquarters In Australia, Cyprus, Greece And Hungary. They Are Generally Well-suited For Xm To Provide Their Forex/cfd Trading Services To Global Clients.

This Broker Has Also Been Regulated By Asic 443670, Bafin 124161, Cnmv (Spain) 2010157773, Consob (Italy) 3046, Cysec 120/10, Fca (Uk) 538324, Fsp (New Zealand) Fsp235905 And Esma.

As A Result Of Being Regulated By Cysec, Clients Can Benefit From Negative Balance Protection. This Means That It Is Impossible For Any Client To Lose More Than The Amount They Have Deposited With Xm. As Per The Regulator Rules, Xm Client’s Funds Are Also Protected Up To €20,000, To Award Depositors Who Lose Their Accounts Due To Xm’s Failure.

XM Company Information

Website: 

www.xm.com

Established:

2009

Country: 

Australia, Cyprus, Greece and Hungary

Regulation:

Asic 443670
Bafin, 124161
Cnmv (Spain), 2010157773
Consob (Italy), 3046
Cysec, 120/10
Fca (Uk), 538324
Fsp (New Zealand), Fsp235905
Esma

XM Features

Interest Rate On Funds

Bonus Offers

Free Education

Personal Manager

Trading By Telephone

Segregated Accounts

Affiliate Program

Islamic Accounts Available

Requires Sending Documents Via Postal Mail

XM Account Types

XM Account Types

Apart From The Forex Demo Account, This Broker Offers Micro, Standard, Islamic, And Xm Ultra Low. To Successfully Navigate Your Trading Account, You Also Need To Consider About Leverage And Minimum Deposit. Talking About Leverage In General, The Maximum Leverage Offered By Xm Is Up To 1:888. Meanwhile, You Can Open An Account With A Starting Capital Of $5

There Are 3 Main Account Types Available At Xm, Plus Islamic Swap-free Accounts:

Micro: The Minimum Initial Deposit In The Micro Account Is $5. The Minimum Trade Size Is 0.01 Lots. Spreads Are Variable At This Account Type. Micro Account Offers Mobile Trading, Automated Trading, One-click Trading, Pending Orders, And Trailing Stops. Overnight Rollover Fees Are Reduced For Frequent Traders With Swap Rates. This Account Allows For Expert Advisors, Hedging, Scalping Techniques, And Plenty Of Other Strategies.

Standard: The Minimum Initial Deposit Is $5 And The Minimum Trade Is 0.01 Lots, Same As Micro, Making The Account Attractive To Beginners. Standard Type Offering Variable Spreads Across A Wide Range Of Markets. You Can Manage Risk With Trailing Stop Losses And Pending Orders. Many Reviews Suggest The Best Part Of Standard Type Is The Range Of Additional Resources, Such As One-click Trading, Mobile Trading, Automated Trading, Expert Advisors, And Scalping Plus Hedging Strategies. Note That This Account Charges Swap.

Islamic: The Minimum Deposit Requirement Is $5. Islamic Account Promises Variable Spreads. Users Can Use Scalping Or Hedging Methods, Expert Advisors, Trailing Stop, Pending Orders, One-click Trading, Mobile Trading, And Automated Trading.

XM Ultra Low: The Minimum Payment Is $50 With Minimal Trade Of 0.01 Lots. Ultra-Low Option Offers Variable Spreads Across Major Forex Pairs. The Account Does Offer Mobile Trading, Automated Trading, One-click Trading, Trailing Stop, And Pending Orders. Traders Can Analyze Markets And Price Dynamics Using Expert Advisors. Hedging And Scalping Also Allowed. Swap Will Be Charged On Positions That Are Carried Over Into The Next Day.

XM Commission & Fees

XM Commission & Fees

XM Is Transparent With Its Fees. In Order To See What Trading At XM Will Cost, You Can Read Below:

Forex Fees:
– Ultra-low Standard Account Spreads Starting As Low As 0.6 Pips For Eur/Usd And Usd/Jpy, While Other Currency Pairs Have Higher Mark-ups, Ranging Closer Between 1.5 Pips And 2.0 Pips For The Most Traded Currency Pairs And Well Above That For Minor And Exotic Ones.
– The Commission-free Standard Account Offers Spreads At Around 1.6 Pips With An Average Of 1.7 Pips Or $17.00 Per 1.0 Standard Lot For Eur/Usd.

Stock Fees:
Commission Starting From $0.04 Per Share Is Applied To Us Stocks, Twice As High Better-priced Options, But The Minimum Cost Of $1 Per Transaction Ranks Among The Lowest. For The Uk And German Shares, The Minimum Stock Fee Is $9 And $5 Per Order.

CFD Fees:

Spreads Start At 0.7 Pips For The S&p 500 And Approximately $0.30 And $0.03 Spreads For The Gold And Silver Respectively. XM Lists Wti Crude Oil With A Minimum Of 0.04 Pips And The Minimum Price Fluctuation As 0.01 Pip Or $1.00. For Corn, Both Values Are 0.0275 And $0.04.

Non-trading Fees:
There Are No Internal Deposit Or Withdrawal Charges, But Traders May Face Third-party Costs. XM Covers Costs For Deposits And All Bank Wire Levies From Xm Banks On Deposits Above $200. Traders May Still Pay Charges Levied From Their Banks. XM Also Lists The Potential Of Currency Conversion Fees In Its Terms And Conditions Without Specifying Them. An Inactivity Fee Applies After Twelve Months Of Dormancy With A One-off Deduction Of $15 And A Monthly Charge Of $5.

Typical Round Trip Costs On Leading Pairs Eur/Usd Are 0.8 Pips In The XM Zero Account. XM Charges An Account Inactivity Fee Of $5 Per Month After 90 Days But No Additional Fees On Deposits Or Withdrawals Except Where An Amount Of Less Than $200 Is Moved By Wire Transfer. Other Charges Include Overnight Swap Fees, Which Is Usually A Net Charge Applied To Every Trade Daily.

XM Payment Methods

XM Charges No Deposit Fees. However, Electronic Wallets Such As Moneybookers, Skrill, And Neteller As Well As Credit Cards And Bank Wire Transfers Charge $5 Of The Deposited Amount. Moneygram And Western Union Payments Are Also Accepted.

Withdrawals Can Be Made Using The Same Methods. In Fact, The Deposit And Withdrawal Options Are Listed Side By Side On The Website And A Trader Needs Only To Click On “Make A Deposit” Or “Request A Withdrawal”. Please Note That Withdrawals Via Bank Wire Of Amounts Under $200 Are Subject To A $15 Administration Fee.

For The Funding Of Trading Accounts At Xm, The Broker Has Provided Support For Several Methods Of Fund Transfer:

Cashu:  If You Live In The Middle East, Cashu Is One Of The Most Popular Online Payment Services There. Cashu Is A Digital Wallet That Allows Clients To Pay Or Transfers Money Online Instantly And Offer Users Its Own Pre-paid Mastercard With No Absolutely Additional Fees Attached. Introduced In July 2002, Cashu Has Targeted The Middle East And North African Markets Where It Serves Close To 2.3 Million Customers. This Is The Reason Why Many Of The Forex Brokers That Are Expanding In The North African And Middle East Market Accept Cashu As One Of Their Payment Methods.

Fasapay: Known As An E-payment For Retail Forex Traders, Fasapay Does Not Require A Huge Amount Of Fee, Giving It A Competitive Edge Among Any Other E-payments In The Forex Brokerage Industry. Instant Process Is Also Featured As One Of Its Advantages.

Qiwi: Qiwi Is An E-wallet Or Electronic Payment Service Provider From Rusia That Is Introduced In 2007. The Service Is Mainly Used By Individuals And Businesses In Russia, Ukraine, Kazakhstan, Moldova, Belarus, Romania, The Us, And The Uae.

Skrill: Mostly, All Forex Brokers Provide Skrill As An Online Payment Service Option. Fast, Easy, And Safe Transactions Are The Main Reasons Why Traders Using This Method. Traders Can Use Skrill To Fund Their Trading Accounts With Either Payment Cards, Bank Wire Transfers, Or Directly From A Skrill E-wallet Account.

Webmoney: Webmoney Is One Of The Major Online Wallet Services Which Many People Use To Send Money Around The World. For This Reason, There Is A Large Number Of Forex Brokers That Accept Webmoney Today. Like Other Online Payment Services Today, Webmoney Is Supported By Mobile Applications To Make Transactions More Efficient.

Wire Transfer: Wire Transfer Is The Most Commonly Used Payment Method. Nearly All Brokers In The World Provide This Method On Their Service. The Reason Is Wire Transfer Is Basically Traditional Transfer Between Banks In The Worldwide. So, This Method Is Guaranteed For Its Safety. This Really Helps Traders Who Avoid Third-party Payments Or Don’t Have Credit Cards.

Xm Also Provides Payment With Credit/debit Cards, Giropay, Ideal, Moneta.ru, Paysafecard, Sofort, Unionpay And Western Union

XM Minimum Deposit

$5

XM Maximum Leverage

1:888

XM Spread

Variable

XM Trading Platforms

XM Trading Platforms

A trading Platform Is A Tool Where You Can Buy Or Trade An Instrument With Only Some Clicks On Your Device, Anytime And Anywhere You Want. In Addition, Price Chart Is Also Usually Provided With Some Analytical Tools To Help You Analyze The Price Movement, So You Can Increase Your Profitability By Placing Well-planned Trades.

Hereby, Xm Offers You Metatrader 4 And Metatrader 5.

Metatrader 4: XM Offers The Widely Used Metatrader 4 Trading Platform Available On Mac As Well As On Mobile Devices Such As Androids And Iphones, Ipads, And Tablets. The Easy-to-use Platform Caters To Both Novice And Experienced Traders And Offers A Range Of Customizable Features, Including Over 100 Instruments Including Forex, Cfds, And Futures, 1 Login Access To 8 Platforms, Spreads As Low As 1 Pip, Full Ea (Expert Advisor) Functionality, 1 Click Trading, Technical Analysis Tools With 50 Indicators And Charting Tools And 3 Different Chart Types.
XM Also Offers The Mt4 Multiterminal Platform For Traders Wanting To Handle Multiple Mt4 Accounts From 1 Single Terminal With 1 Master Login And Password. As For The Online Solution, Webtrader 4, Enables Users To Execute Trades Instantly From Their Pc Or Mac With No Download Required. The Browser-based Terminal Proposes The Same Features As The Downloadable Platform, Such As 100 Instruments Including Forex, CFD’s And Futures, 1 Single Login Access To 8 Platforms, Spreads As Low As 1 Pip, 1 Click Trading, And Built-in News Functionality.

Metatrader 5:  As The Successor To Mt4, Users Benefit From A More Professional Experience With Mt5 And Additional Capabilities, Including Different Order Types Such As ‘fill Or Kill’ And ‘immediate Or Cancel’ As Well As Technical And Fundamental Analysis Using Over 79 Analytical Tools. The Mt5 Webtrader Provides The Same Functions As The Desktop Client But Does Not Require Downloading A Trading Terminal.

XM MT4 System Requirements

  1. Operating System: Microsoft Windows 7 Sp1 Or Higher
  2. Processor: Intel Celeron-based Processor, With A Frequency Of 1.7 Ghz Or Higher
  3. Ram: 256 Mb Of Ram Or More
  4. Storage: 50 Mb Of Free Drive Space

XM Bonuses and Promotions

At The Time Of Writing, Xm Promotes:

  • Free Vps For Clients Who Maintain A Balance (Equity-credit) Usd 5,000 Or Currency Equivalent.
  • $30 Non-deposit Trading Bonus For New Clients Only.
  • 50% Deposit Bonus Up To $500 And 20% Deposit Bonus Up To $5,000.
  • Xm Loyalty Program Offers The Clients Xm Points (Xmp) Per Lot Traded. This Xmp Can Be Redeemed At Any Time For A Credit Bonus Which Can Be Used For Trading Purposes Only.
  • Due To Eu Regulations, Xm Does Not Offer Any Trading Bonuses And Loyalty Programs To Retail Traders Within Europe.

XM Review Conclusion

Our Thoughts On XM

In Conclusion Xm Review, It Is A Well-regulated Broker With Numerous Highly Respected Licenses That Delivers Truly Transparent Conditions And Is An Extremely Customer Friendly Broker. No Re-requotes And No Hidden Fees Or Commissions Policy, As Well Negative Balance Protection, Brings Very Comfortable As Well The Strict Real-time Market Execution Policy, Making Xm Very Welcomed Among Trading Offering. So One Of The Most Generous Proposals In Terms Of Costs, Trading Conditions, And Opportunities Overall Makes XM A Truly Human Broker.

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