XM

Overview

XM is an international forex broker with the the registered trade name of Trading Point Holdings Ltd that was started in 2009. XM is CySEC-regulated and FCA (UK)-registered, international forex broker with its main offices in Limassol, Cyprus.

XM has an excellent reputation recognized by their clients and the services they provide. XM provides investors free and unlimited access to demo trading accounts to test investment strategies.

XM is a specialist in providing “Islamic Accounts” aimed at traders following the Islamic faith which allow no swap or rollover interest on overnight positions.

XM offers a sign-up bonus of 20%-50%

 

Spreads and Leverage

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

 

Licensing Jurisdictions

XM main offices are located in Limassol, Cyprus and is a regulated Forex broker in the Republic of Cyprus and meets the minimum standards required to operate in the Eurozone.

XM operates its financial services with full European Union authorization (including BaFin, AFM, FI, FIN, and CNMV) and by following a best execution policy for executing trading orders in real
time.

XM holds numerous trading licenses which include licensing by ASIC (Australia), CySEC (Cyprus), MiFID (EU), FIN (Finland), ACP (France), BaFin (Germany), PSZÁF (Hungary), CONSOB (Italy), AFM (Netherlands), KNF (Poland), CNMV (Spain), FI (Sweden) and the FCA (UK). These licenses allows XM to accept traders from around the world with the exception of the US.

 

Trading Platform

A number of trading platforms are available that include:

XM MT4 Terminal – XM’s version of Metatrader 4
XM MT4 for Mac
XM Web Trader 4 – XM’s online trading platform
Mobile Traders for XM iPhone Trader; XM iPad Trader; XM Droid Trader; XM Mobile Trader (Windows).

 

Account Types

Micro Trading Account
10,000 unit contracts
Low minimum initial deposit of $5
Lot restrictions per ticket: 100 Lots
Typically operate with account balances between USD 1,000 and USD 10,000


Standard Trading Account

100,000 unit contracts
Low minimum initial deposit of $5
Lot restrictions per ticket: 50 Lots

Managed Accounts
For the less experienced and/or those with little spare time to trade for themselves
Managed by a professional account manager

Islamic Accounts
Allows traders to conduct trades based on Sharia principles

Demo Accounts
Ideal for testing trading strategies

 

Deposits / Withdrawals

Account funding is fully automatic and processed 24/7. XM offers the lowest minimum deposit amount of $5 and withdrawals from $5. Same day withdrawals are guaranteed

Currencies accepted: USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF

 

Banking Options

A number of banking options are available that include:

Credit cards (Mastercard, Switch, Solo, VISA, VISA Electron)
Bank wire
China UnionPay
iDEAL
Moneybookers Skrill
Moneygram
Neteller
SOFORT
WebMoney
Western Union.

 

Support

Telephone and Livechat support is available 24hrs a day, 5 days a week.

Forex educational material is available along with free weekly interactive webinars and free MT4 video tutorials. Forex news and market analysis provided by XM financial experts in a number of languages.

 

Languages

Languages supported include:

Arabic
Bahasa Indonesia
Bahasa Malay
Bulgarian
Chinese
Czech
Dutch
English
French
German
Greek
Hindi
Hungarian
Italian
Korean
Polish
Portuguese
Romanian
Russian
Slovakian
Spanish
Swedish
Thai
Turkish
Vietnamese.

 

Contact Information

Email: support@xm.com
Tel: ‎+357 25029933
Live Chat

 

Website

xm.com