[ratings id=”5394″]
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FXSUCCESS RATING (4.5 OUT OF 5) |
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![]() | XM | [ratings id="5403"] | Up to $10 per S. Lot | ![]() |
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 | ||||
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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.
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.
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.
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.
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 |
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Spread and conditon for STANDARD Account |
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Spread and condtion for NON-Forex CFDs |
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Calendar for Future Instruments |
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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.
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 |
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 | 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.
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.
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″]