XM REVIEW

Scalping Forex Broker: XM (XEMARKETS)

XM Headquarters / Licenses: CySEC, registered also with FCA UK, BAFIN, ACP

XM Customer Support: 24/6 via EMAIL | PHONE | LIVE CHAT | SKYPE

XM Minimum Account / Fund Methods: 5 USD via CARDS | WIRE | SKRILL | NETELLER | WEBMONEY | CASHU

Trading Leverage: 888:1 MAX

XM Promotions: 50% Welcome Bonus | $30 Non-Deposit Bonus | Forex Rebates

XM Forex Pairs: 50+ Forex pairs plus Futures and CFD Trading (Equities, Energies, Metals, Commodities)

XM Trading Platforms: XM WEBTRADER | MT-4 | MT-4 MULTITERMINAL | MOBILE TRADERS | TABLET TRADERS

Trading Spreads: 1.6 pips on EURUSD | 2.2 pips on USDJPY | 2.2 pips on GBPUSD

Trading Commissions: NO Commissions

PAMM / MAM Accounts: MAM Accounts

Islamic Accounts: YES

API Trading: NO

Free Forex VPS: NO

» THE XM WEB-SITE

INTRODUCTION TO XM

XM (XM.com) is a Cyprus-based Forex broker found in 2008. The broker is providing STP-Model order execution and offers a little bit about everything. There are 8 trading platforms available, automated trading and scalping allowance, wide asset index, 50% welcome bonus, $5 minimum deposit, funding via a great variety of fund methods, and multi-lingual customer support. XM is regulated by CySEC (No120/10) but it is also registered with BaFIN Germany (No124161), FCA UK (No538324) and ACP France (No73640). XM provides full trader’s bank account segregation via Tier-1 banks.

CUSTOMER SUPPORT: Phone, Callback, Email, Live chat

CUSTOMER SUPPORT LANGUAGES: English, Arabic, Spanish, Chinese, Dutch, French, German, Greek, Hindi, Indonesian, Japanese, Korean, Malay, Polish, Portuguese, Russian

XM TRADING PLATFORMS

XM offers 8 trading platforms in total including MT-4 for PC and MAC, WebTrader and separate Mobile and Tablet Traders for iOs and Android:

  1. MT4 for PC and MAC
  2. MT4 Multi-Terminal
  3. XM WebTrader-4
  4. Mobile Traders for iPhone and Android
  5. Tablet Traders for iPhone and Android

XM MT4 FEATURES

  • Separate versions for PC and Mac
  • Trade Forex assets, equities, metals and energies all in MT4 (Forex, Cash Futures, CFDs on Futures)
  • Built-in and custom indicators (over 50 indicators and several charting tools)
  • 1- Click Trading
  • Mobile trading for PDA’s and mobile devices
  • History’s database management (export/import)

XM AUTOMATED TRADING

XM allows automated trading, scalping and hedging. You may use also any Expert Advisor for MT4.

XM ORDER EXECUTION

◘ XM applies no re-quotes and claims that 99.35% of all trading orders are executed in less than 1 sec.

◘ XM Trading Orders include limit, stop, market and trailing stops

◘ Telephone trading directly to XM dealers is also available

◘ XM provides fractional pip pricing

◘ 50 lots or else 5 million USD can be traded with just a click (Fills on Market Orders)

» XM FOREX TRADING

 

XM INSTRUMENTS

XM offers a very wide asset index containing 50+ Forex pairs plus CFDs and Futures trading

  1. 50+ Forex Currencies (AUD/CAD AUD/CHF AUD/JPY AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY CHF/SGD EUR/AUD EUR/CAD EUR/CHF EUR/DKK EUR/GBP EUR/HKD EUR/HUF EUR/JPY EUR/NOK EUR/NZD EUR/PLN EUR/SEK EUR/SGD EUR/TRY EUR/USD EUR/ZAR GBP/AUD GBP/CAD GBP/CHF GBP/DKK GBP/JPY GBP/NOK GBP/NZD GBP/SEK GBP/SGD GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/SGD NZD/USD SGD/JPY USD/CAD USD/CHF USD/DKK USD/HKD USD/HUF USD/JPY USD/MXN USD/NOK USD/PLN USD/SEK USD/SGD USD/TRY USD/ZAR)
  2. Precious Metals (GOLD and SILVER)
  3. Equity Indices (14 Equity Indices from all over the world)
  4. Energies (GSOIL, NGAS, OIL, OIL Mini)
  5. Commodities (COCOA, COFFE, CORN, COTTON, HGCOP, SBEAN, SUGAR, WHEAT)

XM ACCOUNTS

◘ Trading Leverage 888:1

◘ Minimum Deposit: 5 USD

◘ XM Real Accounts may be opened in several currencies such as Euro, US dollar, Great Britain pound, Swiss franc, Australian dollar, Japanese yen, Polish złoty and Russian rouble

◘ Fund Methods: Bank Wire, Credit cards, SKRILL, CashU, FasaPay, Giropay, iDEAL, Moneta.Ru, Neteller, Paysafecard, QIWI, SOFORT, UnionPay, WebMoney, Western Union

Features 

Micro Account

Standard Account

Base Currency Options

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

Contract Size

1 Lot = 1,000

1 Lot = 100,000

Trading Leverage

1:1 to 1:888 ($5 – $20,000) and 1:1 to 1:200 ($20,001 – $100,000)

Trading Spreads on all majors

As Low as 1 Pip

Trading Commissions

NO

Maximum open/pending orders

200 Positions

Lot restriction per ticket

100 Lots

50 Lots

Automated Forex Trading

YES

Forex Scalping / Hedging

YES

Swap-Free (Islamic) XM Accounts

YES

Minimum Deposit Amount

5 USD

Open Account

» XM TRADING ACCOUNTS

XM FOREX TRADING BONUS AND REBATES

XM offers Welcome Bonus, Free No-Deposit Bonus, Loyalty Rewards and Forex Rebates (via Forex-Rebates.com)

$30 NO DEPOSIT BONUS

Equivalent to: 25 EUR, 20 GBP, 25 CHF, No deposit required, all profits earned can be withdrawn, available only to new clients, no hidden terms.

50% Welcome Bonus

For new and existing clients the XM Bonus is in the form of extra margin. You can’t withdraw the bonus itself but you can withdraw all profits generated by the bonus. What is amazing is that this bonus remains on your account if your balance becomes negative. Most brokers in the case of negative balance cancel any bonuses, but not XM.

DEPOSIT

BONUS POLICY

BONUS AMOUNT

Up to 1,000 USD

50% Bonus

500

2,000 USD

50% on 1,000 USD + ‏20% on 1,000 USD

700 USD

5,000 USD

50% on 1,000 USD + ‏20% on 4,000 USD

1,300 USD

10,000 USD

50% on 1,000 USD + ‏20% on 9,000 USD

2,300 USD

20,000 USD

50% on 1,000 USD + ‏20% on 19,000 USD

4,300 USD

» XM TRADING PROMOTIONS

LOYALTY REWARDS (CASH BACK)

  • XM Real Account traders start at Executive level and as they continue to trade can upgrade their account automatically
  • The amount of XMP Points that traders earn increases proportionately
  • XMP points may be traded either for extra CASH or for extended MARGIN
  • The Member’s Area offers live monitoring of the trader’s balance of XMP at any time

XM REVIEW KEY POINTS

XM is a STP-Model broker offering very interesting features for beginners, semi-advanced and advanced Forex and CFD traders. There are many assets available offered in normal spreads (without commissions), 8 trading platforms and full allowance for scalping, hedging and automated trading. What I have found very helpful when trading with XM is the fact that I could trade any asset (Forex, Index, Metal or Energy) via MetaTrader-4.

MT4 offers also CFDs on Futures. By trading CFDs of Futures you can trade any asset without paying overnight SWAP-rates. The only con when trading CFDs on futures is the wider spreads you pay, but this feature of Zero Swaps can prove real gold for Swing and Long Traders. Many promotions are available in XM such is the $30 Free Bonus, the 50% deposit bonus and the Loyalty Program which may decrease the trading cost. In overall XM is a very good choice for all Forex and CFD traders.

» VISIT THE XM WEB-SITE AND START TRADING BY CLAIMING THE $30 FREE NON-DEPOSIT BONUS

 

XM.com Review

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