□ Forex Broker: XM
□ 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: 500:1 MAX
□ XM Promotions: 30-50% 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
□ Zero-Spread Accounts: YES
□ API Trading: NO
□ Free Forex VPS: NO
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 of 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:
XM MT4 FEATURES
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)
Automated Forex Trading is a complicated process that requires the best combination of hardware and software plus a very competitive ECN / STP Broker.
Before trading for Real Money, apply historical back-testing on any Automated Forex Strategy that you are about to implement.
Trade on a Demo Account before moving on a Live Account. When you start using your Forex Robot, dedicate an exclusive Live Account for it and don’t mix any manual activity in the same account. Running your Forex Robot on a Forex VPS hosting always makes things easier and generates more reliable results.