What Is XM Broker?
As XM trading are one of the latest UK Forex brokers, having been founded as in recent times as 2009, they have quickly acquired an excellent reputation. Regulated by CySEC and Based in Cyprus, the Cypriot Forex dealing regulatory body, they are also enclosed by the FCA and are a trustworthy broker.
As its establishing in 2009, the company has increased corporate reputation by virtue of their central values such as business transparency, outstanding trading conditions, and expert customer communique.
Following the structure of its predecessor xm Trading Point, the xm forex broker offers several trading platforms for use by its clients that support limit, stop, trailing and market orders accessible from one trading account. These XM Trading Platforms include WebTrader
The xm WebTrader allows investors to trade in international marketplaces without the need to download any specialized software. xm.com WebTrader is compatible with personal computers running Windows and Macs, as well as several mobile applications and offers traders a variety of valuable tools including no requotes or rejections, market analyses
You can do a free XM MT4 download and start trading with xm.com mt4 platform immediatly after signup. The MetaTrader 4 (MT4) platform is the most popular forex broker in the world that offers a user friendly interface with a variety of tools and features for optimizing trading education and activities. The MT4 option is one demanded by many investors who want to use the popular platform in conjunction with others to maximize trading in international marketplaces.
The broker offers its platform in mobile applications for a variety of handheld electronic devices, including Androids, iPhones and iPads.
Investors can open several types of trading accounts with the xm forex broker that include xm Zero, Micro, Standard, Islamic, Managed and Demo Accounts. The xm.com broker imposes a $5 monthly fee for inactive trading accounts.
The xm.com Zero trading account offers investors low spreads on fifty-six currency pairs and precious metals with leverage up to 500:1.
The xm.com Micro account was designed specifically for traders who want low risk investing and requires a minimum initial account deposit of only $5.
The xm Standard Account is ideal for more experienced traders and offers larger trading contracts and the same benefits as Micro Accounts with a minimum account deposit of $2000.
Since the xm.com broker is an international trader, it offers Muslim traders the opportunity to open Islamic Accounts that use Sharia principles for trading assets.
For investors who have little trading experience and no time to learn, the xm forex broker offers Managed Accounts that allow traders to rely on a professional Manager to oversee accounts and manage trades and trading funds.
XM Demo Account
The xm.com broker offers valuable Demo Accounts for clients to practice researching, formulating, placing and tracking trades in a virtual scenario. The XM Demo Account can be used for as long as the trader wishes and is equipped with $100,000 in virtual funds for practice trading in a simulated trading environment before risking real money by actively trading in real markets.
For a free XM demo account check out ForexSQ.com XM review page.
The xm.com MAM accounts was designed for professional trading account managers who can use the broker to oversee multiple client trading accounts with unlimited use of charts and Expert Advisors.
Commissions, Spreads and Leverage
Following the forex industry standard, the xm broker does not charge commissions on trades as XM Trading Fees but makes money by charging a spread on trades conducted on its platform.
Depending on account type and asset traded, xm spreads start as low as 1 pip. Clients can choose fixed or variable spreads and xm.com offers fractional pip pricing quoted to the fifth digit instead of four digits (which is typical of other forex brokers) for more accurate pricing.
The xm forex broker offers maximum leverage of 888:1, which is completely unique to the industry.
The xm.com forex broker offers a $30 “no deposit” bonus to traders opening new accounts. The trading credit is automatically applied to trading accounts and all profits earned can be easily withdrawn and there are no hidden fees or conditions.
The xm.com Loyalty Program is only available for a limited time and offers automatic instant bonuses up to $5000 (or currency equivalent) for traders who maximize trading activities.
Every month xm.com offers traders the opportunity to win $50,000 and advance to the annual Final Round of the Forex World Championship that offers $500,000 in cash prizes with no risk or entry fees. This contest involves 12 rounds and $1,000,000 in available prizes, all of which prize money is withdraw-able from trading accounts.
Deposits and Withdrawals
The xm.com and XM Malaysia broker allow trading account deposits using a variety of methods that include credit cards, bank electronic fund transfers (EFTs), Webmoney, MoneyGram, Moneybookers, iDeal, China UnionPay, Western Union, Skrill, Sofort and Neteller.
Account withdrawals will be transacted using strict international financial guidelines imposed to protect against crimes like identity theft and money laundering. Proper and current identification has to be maintained in order to maximize withdrawal options and speed up transactions. Withdrawal transactions are conducted automatically 24/7 and same day withdrawals are guaranteed (with proper ID). There are no hidden fees or commissions for fund transfers.
The xm.com broker offers traders a variety of educational tools that include free weekly interactive webinars and video tutorials, as well as a free trading course that includes chapters dedicated to learning forex, building winning trade techniques, master technical analysis and major currency fundamentals. For newbies and experienced traders alike, the educational course offers everything from the basics of currency exchanging to the most useful analysis and trading tools in the industry to help traders build requisite knowledge of forex assets and the markets in which they are traded.
In addition to the strict regulatory oversight afforded by multiple global regulatory agencies, the xm broker segregates client funds from the firm’s money and maintains funds in tier one financial institutions. Trades conducted on the xm.com broker are completely automated, over 99% are completed in less than one second, there are no requotes and all orders are executed.
The xm.com forex broker and xm Malaysia offer multilingual Personal Account Managers who speak a variety of languages and these services are available with both Demo and live trading accounts that are accessible 24/5 via internet live chat, email or telephone.
XM Forex Broker Review Conclusion
TopForexBrokers.com broker comparison website conducted good XM.com review. To sum up this XM.com review or to sum up other XM Forex Broker Review, the experienced staff of professionals at xm.com broker are committed to quality customer support services and conducting all activities with the utmost integrity and transparency. The xm.com forex broker and its predecessor XM Trading Point have quickly ranked among the most trusted brokerages in the world as evidenced by favorable reviews submitted by multiple satisfied customers.
Traders who open xm Trading accounts (including Islamic Accounts) will enjoy tight spreads from 1 pip, unique flexible leverage of up to 888:1, no commission or hidden fees, no requotes, no rejection of orders (100% execution), automated trading (including phone trading), quick and easy withdrawals, 24/5 customer support services in a variety of languages, personal Account Managers and several promotional bonus opportunities.
Although the XM Broker doesn’t offer many types of trading accounts and does not allow fund deposits and withdrawals using PayPal, which is one of the most popularly used online financial merchants in the world, xm forex broker is an excellent broker for all levels of traders and offers a variety of options on multiple financial assets in marketplaces around the world.
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