REVIEW XM.COM (TradingPoint)

XM.COM REVIEW SUMMARY

  • Broker Type: STP Model / Market Maker
  • US Traders: NO
  • XM Regulation: CySEC (Number), ASIC (443670), MiFID (EU) -Check below
  • XM Platforms: MetaTrader4, XM WebTrader, XM MirrorTrader, ZuluTradre
  • Mobile Trading: iPhone, Android with separate PAD and Phone Apps
  • Automated Trading & Scalping: Yes both
  • XM Assets: Forex, Stocks, Indices, Metals, Energy
  • XM Minimum Account: $50
  • Fund Methods: Cards, Bank Wire, MoneyBookers, Neteller, Western Union (check below for all methods)
  • XM Welcome Bonus: 30-50% Credit Bonus | $30 No-Deposit Bonus

» XM Online Trading

XM.COM RATING SCORE

This is the Rating Score of XM {FxPros.net} :

XM.COM RATING (USING FORMULA) (100%=max) 
(1) Safety of Funds when Trading at XM 81.78 %
(2) Cost of Trading 71.43 %
(3) Trading-Options Available at XM 100.00 %
(4) Trading Technology 67.50 %
XM Total Rating 80.76 %

The full XM.com Rating Calculations: » XM Full Rating Score

 

XM.COM FULL REVIEW

Introduction to XM

XM is a STP Model Forex broker established in Cyprus

XM Headquarters: Cyprus

XM Regulation: CySEC (Number), ASIC (443670), MiFID (EU)

XM Foundation: 2008

XM Account Segregation: YES

 

XM.COM ASSET INDEX & SPREADS

You may trade Forex, Equities, and Commodities

  • 60+ Forex currency pairs – Forex majors, Forex crosses, and exotics
  • XM offers fractional pip pricing
  • Trade gold and silver / no-requotes
ASSET INDEX FOR ALL ACCOUNT TYPES
FOREX ASSETS COMMODITIES INDICES
AUDCAD EURCHF GBPSGD USDHKD SILVER US30 Wall Street 30 Index
AUDCHF EURCZK GBPUSD USDHUF GOLD US100
AUDJPY EURDKK NZDCAD USDJPY OIL Light, Sweet Crude US500
AUDNZD EURGBP NZDCHF USDMXN CRUDE OIL UK100
AUDUSD EURHKD NZDJPY USDNOK NGas Natural Gas FRA40 France 40
CADCHF EURHUF NZDSGD USDPLN WHEAT GER30 Germany 30
CADJPY GBPDKK SGDJPY USDRUB CORN NK Nikkei 225 Index
CHFJPY GBPJPY USDCAD USDSEK SBEAN Soybean SWI20 Switzerland 20
CHFSGD GBPNOK USDCHF USDSGD   EUX50 EU Stocks 50 Index
EURAUD GBPNZD USDCZK USDTRY    
EURCAD GBPSEK USDDKK USDZAR    

 

XM.COM TRADING PLATFORMS & TECHNOLOGY

All real and demo accounts of XM can be opened using 8 different trading platforms including XM MetaTrader4, XM MT4 for Mac, XM WebTrader, and XM MirrorTrader. XM provides multiple orders including limit, stop and trailing orders. Automated trading and Expert Advisors (EAs) are also supported.

XM Mobile Trading: iPhone, Android (separate PAD and Phone Apps)

Automated Trading: YES

Hedging / Scalping: YES

PAMM / MAM Accounts: YES

Here is some more information about XM trading platforms:

XM MAC METATRADER-4

The XM Mac MetaTrader4 is a Mac Application which allows the MT4 platform to operate on Apple Computers without the need of Parallel Desktop or Boot Camp.

XM MT4 MULTI-TERMINAL

The XM MT4 Multi-terminal is an extremely easy tool to manage multiple trading accounts simultaneously from one platform. You may trade forex, CFDs or futures with ease and manage 100+ trading accounts at once one platform.

 

XM.COM TRADING ACCOUNTS

Three account types offered by XM.com, MICRO, STANDARD, and EXECUTIVE:

  • You may trade either with micro or standard lots
XM  ACCOUNT TYPES XM MICRO XM STANDARD XM EXECUTIVE
Base Currency Options USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB
Contract size (lot) $1,000 $100,000 (standard lot)
Minimum Initial deposit $50
$100,000
Maximum Leverage 1:500
1:100
Spread on all majors As low as 1.4 pips
Trading Commission No
Hedging / Scalping Yes
SWAP Free / Islamic Account Yes
Zero-Spread Account Yes
  » XM New Accounts (Demo/Real)

XM Minimum Account: $50

All XM Fund Methods: Bank Wire, Credit Cards (VISA, VISA Electron, MasterCard, Switch, Solo), Neteller, Moneybookers Skrill, MoneyGram, Western Union, WebMoney, China UnionPay, iDEAL. SOFORT

XM Withdrawal Commissions: NO (Deposits/withdrawals are fast and easy )

Multilingual Personal Account Manager: Yes (24/5)

□ Customer Support Methods: Live Chat, Phone, Call back and Email

Customer Support / Web-Site Languages:

  • European: English, French, German, Greek, Italian, Polish, Portuguese, Russian, Spanish, Swedish
  • Others: Arabic, Chinese, Indonesian, Japanese, Korean, Malay, Thai, Turkish

XM.COM CURRENT PROMOTIONS / FREE EDUCATION

□ XM Welcome Bonus 30-50% (The bonus is in the form of Credit Bonus, therefore, you can not withdraw the bonus itself but you can withdraw the profits generated by the bonus)

□ Welcome Bonus up to $5,000

□ Free $30 no-deposit bonus / Trading Arena

□ Intraday Forex market updates / technical analysis

□ Free Education via Video Tutorials, Live Webinars, and Seminars

» XM Promotions

XM.COM REVIEW -MAIN PROS & CONS

XM.COM REVIEW PROS √

XM.COM REVIEW CONS X

(√) Regulated Broker

(√) Great Asset Index

(√) Great Variety of Platforms and Trading Options

(√) Automated Trading & Scalping are allowed

(√) Trading Promotions (Welcome Bonus, and $30 No-Deposit Bonus)

(√) Low Minimum Deposit Requirements / Many Fund Methods

(√) Multilingual customer support / Personal Account Manager

 

(x) STP Model / not pure STP execution

(x) The minimum distance of stop-loss placement

 

XM.COM REVIEW –FINAL THOUGHTS

XM is the trading name of Trading Point of Financial Instruments Ltd. XM is an STP-model Forex broker focusing on the average Forex retail trader. XM base is in Cyprus but maintains offices in other countries as well. XM is regulated by CySEC Cyprus, ASIC Australia and it is also registered with many other more European Regulatory Bodies. In addition, XM offers segregated client account. These two facts increase significantly the safety of your money when trading with XM.

XM offers a wide asset index with more than 60 Forex Currencies, Commodities, and several Indices. Their spreads are average but they don't charge trade commissions. You can find EURUSD for example usually at 1.8 pips without commissions. Their order execution is fast but when I tried to scalp Forex via MetaTrader4 I faced some issues with the minimum stop-loss distance. When I scalp Forex I need usually to place the stop-loss very tight and using XM MT4 this is not an easy task. As concerns their other trading terms, I found the SWAP charges a little bit expensive and that may be an issue for Swing Traders keeping their positions opened overnight.

Account Registration is available in 17 different languages, and traders can choose among three Forex account types and many different account currency options including USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB. XM micro account offers micro-lot trading ($1,000) while the standard and executive accounts offer standard-lot trading ($100,000). The maximum leverage is 500:1. XM accounts can be opened as low as $5 while they provide various fund options including cards, wire, Neteller, Skrill, WebMoney plus many others but no PayPal. They don't charge withdrawal commissions. Their welcome bonus policy is usually 30-50% while there is also a free No-Deposit Bonus Promotion of $30. This is not much, but it is the best way to test the XM real trading terms without any risk. You may trade also using a demo account, but usually, the trading terms of Demo accounts are different than the trading terms of Real accounts. Therefore the $30 no-deposit promotion is nice.

As concerns education, XM offers Video Tutorials, Live Webinars, Seminars, and free Market Analysis. In overall I consider XM a really good choice for beginners and semi-advanced Forex Traders. 

» XM Online Trading Services

 

REVIEW BROKERS: » FBS review | » HotForex Review | » XM Review | » FXCC Review | » IC Markets Review | » Dukascopy Europe

 

XM.com Review

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Currency Statistics

Enter the world of Forex statistics, you may be amazed by the power of seasonality when trading currencies.

Forex statistics

■ THE MAJOR PAIRS

 EURUSD |  GBPUSD |  USDJPY |  USDCHF

AUDUSD |  NZDUSD |  USDCAD

■ KEY FOREX CROSSES

EURGBP |  EURJPY |  EURCHF |  EURCAD

EURAUD |  EURNZD |  GBPJPY

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