[ratings id=”5394″]

xmm
FXSUCCESS RATING (4.5 OUT OF 5)
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XM OVERVIEW

COMPANY INFORMATION ACCOUNT INFORMATION
Broker Name Trading Point Holdings Ltd Segregated Account Yes
Website www.xm.com Islamic Account Yes
Headquartered In Cyprus Institutional Account Yes
Founded In 2009 VIP Service No
Regulating Authority CySEC, FCA, ASIC, BaFIN, AFM, FI, CONSOB, ACP, KNF PAMM / MAM Account MAM
US Clients Accepted No Deposit Option Credit/Debit Card, Bank Wire,  Master Card, Union Pay, Neteller, Skrill
Broker Status Independent Broker Withdrawal Option Credit/Debit Card, Bank Wire,  Master Card, Union Pay, Neteller, Skrill CHECK DETAILS
Broker Type Dealing Desk ( Execute in STP method) TRADING TERMS
Telephone Number +357 25029933 Trading Platform MT4, XM Web Trader, MT4 Multi Terminal, Phone Trader, IPAD Trader, MAM Trader
Fax Number +357 25345225 Precision Pricing 5 Digits
Email Support [email protected] Type of Spread Floating
International Office Cyprus, Hungary, New Zealand, Australia, Greece Commission No
Web Site Language Multi Lingual Scalping Yes
ACCOUNT INFORMATION Hedging Yes
Free Demo Account Yes Expert Advisors Yes
Min. Deposit $5 Lowest spread Lowest spread on EURUSD 1 Pips
ECN Deposit No ECN Account Trading Instruments Metals, Oil, Gold, Indices, Stocks, Commodities, Forex, CFDs, Options, Futures
Account Currency AUD, JPY, GBP, CHF, PLN, HUF, USD, ZAR, EUR, SGD, RUB One Click Execution Yes
Maximum Leverage 888:1 OCO Orders Yes
Minimal Order Vol. 0.01 Managed Account No
TRADING TERMS Email Alerts Yes
Interest on Margin No Mobile Alerts Yes
OS Compatibility Mac, Windows, Mobile, Web, iPhone, iPad Trailing Stops Yes
Streaming News Feed Yes Mobile Trading Yes
Charting Package No Web Based Trading Yes
Trading Signal No CUSTOMER SUPPORT
Market Commentary No Customer Support Lang Multi Lingual
CUSTOMER SUPPORT Personal Account Manager Yes
Customer Service Hours 24/5 Email+Phone support Yes
Place Trades Over the Phone Yes Email Response time Within 24 hours
PROMOTION PROMOTION
No Deposit Bonus No Trading Tools Yes
Bonus for First Deposit Yes Other Promotion Yes
Free VPS Yes ( Investment 5000 USD) Close trade over the phone Yes
REAL TIME SPREAD MONITORING

CURRENT PROMOTION
30% WELCOME BONUS XM LOYALTY PROGRAM FREE VPS SERVICE ZERO FEES ON DEPOSITS & WITHDRAWALS

IMPORTANT NOTE: All above information is successfully verified byXM TEAM. If you find anything worng then must inform us immediately.

 

XM BROKER REVIEWS

Formerly established in 2009 as Trading Point of Financial Instruments Ltd, XM is a regulated Forex broker in the Republic of Cyprus. The company was initially founded by a group of interbank dealers who wanted to improve the level of services in the Forex trading community. With XM, traders now have access to the commodities, CFDs and Forex markets.

TRADING PLATFORMS

It doesn’t matter if you are new to the financial markets or an expert; XM offers several types of trading platforms to suit the individual’s needs. These platforms include:

  • MetaTrader 4
  • XM MAC MT4
  • XM WEB TRADER
  • XM MT4 MULTITERMINAL
  • XM IPHONE TRADER
  • XM IPAD TRADER
  • XM DROID TRADER
  • XM MAM TRADER

Over all XM providing several kinds of trading platform to make trading more easy and smooth.

TRADING ACCOUNTS

To open a trading account at XM, you need to first create XM Direct profile. With the profile you can open

  • MICRO ACCOUNT
  • STANDARD ACCOUNT
  • EXECUTIVE ACCOUNT

There is however a requirement of a minimum initial deposit of $5. There have some certain terms and condtion so we suggest you to read all terms and conditon from here.

COMMISSION AND SPREADS

Like most Forex brokers, XM do not charge any commission. Instead, they charge a spread on trades conducted through them. Depending on the instruments and account types, spreads start from as low as 1 pip. There is a choice of fixed spread or variable spread that traders can opt for. To provide their clients with the best possible spreads, XM also offer fractional pip pricing so prices can be quoted to the fifth digit instead of the normal four digit pricing.

Spread for MICRO Accounts pdf
Spread and conditon for STANDARD Account pdf
Spread and condtion for NON-Forex CFDs pdf
Calendar for Future Instruments pdf

OTHER TYPES OF TRADING ACCOUNT

Islamic Accounts

Recognizing that the Forex market is a global market, XM also make allowances for those traders who wish to trade in accordance with their religious belief. The Islamic trading allows traders to conduct trades based on Sharia principles.

Managed Accounts

Clients who don’t have the experiences or time to trade for themselves can also rely on the additional services provided by XM through the form of managed accounts. A professional account manager will help clients’ with their trades and also help to manage their funds for them.

Demo Accounts

With the Demo account provided by XM, traders can test out their trading strategies without having to risk real money. Each demo account is provided with $100,000 in virtual money so traders can try to simulate real trading conditions.

PAYMENT METHOD

FUNDING METHOD

PAYMENT PROCESSOR CURRENCY PROCESSING TIME FEES MIN. DEPOSIT (USD)
Credit and Debit Cards USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Instant Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY).
MoneyBookers (Skrill) USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD Instant Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY).
Wire Transfer / Bank Transfer USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR 2-5 business days Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY).
Master Card & Masestro USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Instant Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY)
Union Pay China USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR 24 hours Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY)
Webmoney USD, EUR, RUB Instant Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY)
CashU USD Instant Covered by XM Min. 5 USD for all transfer currencies.
Local Bank Transfer USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD 2-5 business days Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY)
Money Gram & Western Union USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF 24 hours Covered by client Min. 100 USD for all transfer currencies (except for JPY, which is 10000 JPY).
Neteller USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD Instant Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY).
FasaPay USD Instant Covered by XM Min. 5 USD for all transfer currencies.

WITHDRAWAL METHOD

PAYMENT PROCESSOR CURRENCY FEES MIN. WITHDRAWAL (USD) TIME
XM MASTER CARD USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Credited within 24 hours
VISA USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Processed in 24 hours
Electron & Master Card USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Processed in 24 hours
China Union Pay USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Processed in 24 hours
Neteller USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Processed in 24 hours
Skrill USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Covered by XM Min. 5 USD for all transfer currencies (except for JPY, which is 500 JPY). Processed in 24 hours
QIWI EUR, USD, RUB Covered by XM Min. 5 USD for all transfer currencies. Processed in 24 hours
FASA PAY USD Covered by XM Min. 5 USD for all transfer currencies. Processed in 24 hours
Bank Wire Transfer USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR Only fees on XM' side are covered. USD 200 Processed in 24 hours

LEVERAGE MARGINS

ABOUT MARGIN:

Margin is the amount of collateral to cover any credit risks arising during your trading operations. Forex margin can be rather high, and the bigger it is, the more risk it imposes, but it also allows a bigger profit.Margin is expressed as the percentage of position size (e.g. 5% or 1%), and the only real reason for having funds in your trading account is to ensure sufficient margin. On a 1% margin, for instance, a position of $1,000,000 will require a deposit of $10,000.

ABOUT LEVERAGE:

In the forex market, leverage is used by investors to profit from the exchange rate fluctuations between two different countries. A great advantage is that it is exactly the forex market where investors can obtain the highest leverage. Using leverage means that you can trade positions larger than the amount of money in your trading account. Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

How would it be possible to trade 500 times the amount you have at your disposal? At XM you have a freeshort-term credit allowance whenever you trade on margin: this enables you to purchase an amount that exceeds your account value. Without this allowance, you would only be able to buy or sell tickets of $1,000 at a time.

For any of the XM trading accounts, you can select your leverage on a scale from 1:1 to 888:1. Margin requirements do not change during the week, nor do they widen overnight or at weekends. What is more, atXM you have the option to request either the increase or decrease of your chosen leverage.*

POSITIVE SIDE VS NEGATIVE SIDE

POSITIVE SIDE NEGATIVE SIDE
Very popular and top class regulated broker. During high volatile news time you may get some requotes, slippage, delay trade execution.
Moderate spread that start from as low as 1 pips. Doesn’t differentiate much in terms of benefits between the different types of trading account.
30% Deposit Bonus up to 1000 USD. They don't have any ECN platform. All about market maker.
Fast withdraw, no deposit and withdraw fees.  
Segregated accounts, dealing with top tier banks that really very importat issue.  
Have different kinds of promotion.  
   

 

PLEASE READ ALL TERMS AND CONDITION BEFORE OPENING A TRADING ACCOUTN WITH THIS BROKER.

CONCLUSION

The rebranding exercise is indicative of the fact that XM is trying to adapt to the changing market environment. This is a positive move as it shows that the broker is responsive to their clients’ actual needs. The “No Requote” policy is a good way for them to differentiate themselves from other brokers as this is a major problem faced by many traders in a fast moving market. Taken as a whole, XM seem like an ideal broker for both new and experienced traders.

FXSUCCESS FULL REBATES SPECIFICATION

Click here to check full rebates specification

TRADING ACCOUNT TYPE REBATES RATE
All types of account Up to 10 USD

There are many forex cashback service company but why should you select FXSUCCESS as your partner?

Please try to find out your answer from AMAZING FXSUCCESS page.

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[ratings id=”5394″]