Best Forex Broker-XM Overview

Posted by Peng D.
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XEMarketsXM.COM
LicenseCySEC, FSP, ASIC
Trading softwareMetaTrader4, XEM WebTrader
Trading conditionsTrading with a MINIMUM DEPOSIT OF $5
Flexible Leverage: up to 888:1
Spreads as low as 1 pip
30% Welcome Bonus on first deposits
30% Loyalty Bonus on subsequent deposits
MULTIPLE TRADING ACCOUNTS with flexible conditions
Fractional pip pricing
Access to 8 TRADING PLATFORMS from 1 account
Unlimited and free DEMO ACCOUNTS
No Requotes - No Rejection Policy
No Commissions
Address12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Rating6.2 of 10 based on 15 votes.

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XM.COM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus), Trading Point of Financial Instruments Pty Ltd. (Australia) and Trading Point NZ Ltd (New Zealand).

Our clients benefit from direct access to the financial markets in over 100 financial instruments including forex, equity indices, precious metals, and energies, with transparent real-time pricing, lowest spreads, and flexible leverage.

We value business efficiency as much as our individual and corporate clients – this is why we regard speed and fairness as crucial.

XM is a European Licensed Financial Institution offering trading in Forex, CFD’s and Futures through the MT4 Platform.

Pros

  • up to 888:1 Leverage
  • 8 Platforms
  • 30% Bonus
  • Webinars
  • Tutorials
  • Account Funding 100% automatic
  • IB partner program with tailor made solutions for every partner

Overview
Strong selling points of Trading Point focus on its NO Requotes, No Rejection Policy as well as its tight spreads which combined with its No Minimum Deposit Policy attract medium size traders which seek for an MT4 broker with clean trading conditions with NO high minimum deposit limitations.

Account Types

 

Micro

Standard

Executive

Deposit Currency

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB

Contract size (lot)

1,000

100,000

100,000

Minimum Initial Deposit*

USD 5

USD 5

USD 100,000**

Maximum Initial deposit*

USD 100,000

USD 100,000

Unlimited

Leverage

Flexible:
1:1 to 1:888

Flexible:
1:1 to 1:200

Flexible:
1:1 to 1:100

Spread on all majors

As low as 1 pip

As low as 1 pip

As low as 1 pip

Commission

No

No

No

Lots restriction per ticket

100 lots

50 lots

50 lots

Hedging allowed

Yes

Yes

Yes

Islamic Account

Optional

Optional

Optional

** Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XEMarkets allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation

  • Trading Point of Financial Instruments Pty Ltd is authorized and regulated by ASIC (AFSL no. 443760).
  • Trading Point NZ Ltd is a FSP (Financial Service Provider), and it is registered with the FSP under registration no. FSP235905.
  • The full information can be found here : http://www.xm.com/regulation

Spreads

Spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips.

Actualization date5 April 2014
Participation in the rating
Foundation2009
RegulationCySEC, FSP, ASIC
PlatformsMetatrader4, XEM WebTrader
LanguagesArabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Other instrumentsForex, CFD
Popular payment methodsCredit Cards, Neteller, MoneyBookers, Wire Transfer, WebMoney, WesternUnion, QIWI, Skrill, MoneyGram, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, Visa, Visa Electron, MasterCard, Switch, and Solo, CASHU, giro pay, Astro Pay card, Paysafe card
Mini account, $5
Standard account, $5
Leverage888:1
Pip spread on majors1-1.9
24 hour trading
Demo account
24 hour support
Free phone+357 25029900
Mobile trading
1st deposit bonus
Forex contests, competitions
Free education
HeadquartersLimassol
WWWhttp://www.xm.com/
Partnership programs
Bonuses, Promotions
Minimum position size0.01
Digits after the dot in quotes5
Automated trading
Expert advisors
Swaps
Hedging
Scalping
Account currenciesEUR, USD, GBP, JPY, CHF, HUF, PLN, RUB
Address12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Spread Typevariable
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