XM RATING ☆ OVERALL SCORE {78.1%} (?)
XM is a large STP Forex broker based in Cyprus and regulated by CySEC. The broker offers automated trading, PAMM accounts, welcome bonuses, trading rebates, and a wide variety of trading options, including funding methods, customer support, platforms, financial instruments, and CFDs on futures.
■ Deposit Requirements: 10 USD
■ Funding: Cards | Bank Wire | Neteller | Skrill | FasaPay | WebMoney | Liberty Reserve | Many More Local Fund Methods
■ Platforms: MetaTrader-4 | MetaTrader-5 | MultiTerminal | MT4/MT5 WebTraders | Mobile Traders
■ Customer Support: English | Arabic | Russian | Spanish | Chinese | Dutch | French | German | Greek | Hindi | Hungarian | Indonesian | Japanese | Korean | Malay | Polish | Portuguese
The Rating Formula 5.0 gives XM a very good rating for ‘Trading Options’ and ‘Technology,’ but a less favorable rating for ‘Competition.’ XM appears to be an ideal Forex broker for beginners and swing traders.
📊 XM RATING SUMMARY
The following table presents XM’s rating summary based on (i) three rating aspects, (ii) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
74.4% |
|
62.5% |
|
90.2% |
|
90.6% |
|
78.1% |
| TRADING EXPERIENCE | |
|
79.1% |
|
68.7.% |
|
63.2% |
| TRADING STYLE | |
|
67.7% |
|
77.5% |
|
56.1% |
📝 XM DETAILED RATING REVIEW
| XM.COM FOREX RATING ANALYSIS | ||||
| XM.COM TOTAL RATING | 100.0% | XM | ||
| 78.08% | FULL ANALYSIS | |||
| A. XM.COM SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 20.83% | Rating the XM Safety |
| A.1 XM License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 6.50% | XM is regulated by the CySEC = 6.0% rating, MiFID Rating = +0.5% | Total = 6.50% |
| A.2 XM Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | XM offers client compensation (in case of insolvency) up to 20,000 EUR through ICF = 4.0% rating |
| A.3 XM Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 3.00% | XM maintains headquarters in Cyprus = 3.0% rating |
| A.4 XM Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 4.00% | XM was found in 2008 (5-10 years) = 4.0% rating |
| A.5 XM Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | XM provides client bank segregated accounts = 2.5% |
| A.6 XM Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.33% | XM ForexPeaceArmy Rating is 3.3/5.0 = 0.33% rating |
| A.7 (+) XM ADJUSTING RESULTS | ||||
| A.7.1 XM Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 0.50% | XM handles over 500,000 acounts and less than 1 million accounts = +0.5% Rating |
| B. XM.COM TRANSACTION COST | MAX WEIGHT→ | 28.0% | 17.50% | Rating the XM Transaction Cost |
| B.1 XM spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 2.50% | Typical XM EURUSD spread is 1.7 pip = 2.5% rating |
| B.2 XM spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 1.50% | Typical XM GBPUSD spread is 2.2 pips = 1.5% rating |
| B.3 XM spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 1.50% | Typical XM USDJPY spread is 2.2 pips = 1.5% rating |
| B.4 XM Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 7.00% | XM does not charge trading commissions on the tested account type = 7.0% |
| B5. Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.50% | XM rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$5.6 | XM Rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.2 | Total cost in absolute value is $4.4, rating = 0.50% |
| B.6 XM Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 2.00% | XM does not charge any withdrawal commissions = 2.0% rating |
| B.7 XM Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 1.00% | XM does not charge Inactive Fees = 1.0% rating |
| B.8 (+) XM ADJUSTING RESULTS | ||||
| B.8.1 XM Order Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 1.50% | STP Order Execution Model = +1.5% rating |
| C. XM.COM TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 25.25% | Rating the XM Options for Traders |
| C.1 XM Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | XM Provides 50+ Forex Pairs = 8.0% rating (max) |
| C.2 XM CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | XM offers CFD trading = 2.5% rating |
| C.3 XM CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 1.50% | XM Offers CFDs on Futures (indices and commodities) = 1.5% rating |
| C.4 XM Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | XM Provides a free Demo/Practice account = 2.0% rating |
| C.5 XM Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | 500:1 max Trading Leverage = 1.0% rating |
| C.6 XM Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 XM Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 2.50% | 50% Welcome Bonus (Credit Bonus / Not Withdrawable) = 2.5% rating | |
| C.6.2 XM Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.50% | XM offers loyalty trading rebates (about 5%) = 0.5% rating | |
| C.7 XM Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $10 = 2.0% rating |
| C.8 XM Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | XM offers 5+ deposit methods = 2.5% rating |
| C.9 XM Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | XM offers 5+ withdrawal methods = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.00% | XM offers 5 pips minimum stop-out levels = 0.0% rating |
| C.11 (+) XM ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 55 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.10.3 XM Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.25% | XM offers the Forex World Championship = +0.25% rating |
| D. XM.COM TECHNOLOGY | MAX WEIGHT→ | 16.0% | 14.50% | Rating the XM Technological Efficiency |
| D.1 XM Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | XM offers MT4, MT4 Multi-terminal, and a Webtrader = 3.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | XM is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 XM Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.50% | XM Slippage on execution is measured about 1.5 pip = 0.5% rating |
| D.4 XM Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | XM allows automated trading = 2.0% rating |
| D.5 XM MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | XM offers the MT4 platform = 2.0% rating |
| D.6 XM Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | XM offers an MT4 App for iPhone and Android = 2.0% rating |
| D.7 XM Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | XM allows both Scalping and Hedging = 1.0% rating |
| D.8 XM Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | XM offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat | Total rating is 3.0% |
| D.9 (+) XM ADJUSTING RESULTS | ||||
| D.9.1 XM PAMM / MAM Accounts | PAMM / MAM Accounts = 0.5% rating | No = 0 % rating | 0.5% | 0.00% | XM is not offering PAMM/MAM accounts = +0.0% |
| D.9.2 XM Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.00% | No Free VPS = 0% |
| D.9.3 XM API Trading | API trading = 0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | XM is not offering API trading = +0.0% |
| TOTAL XM.COM RATING | 78.08% | |||
🏛️ XM LICENSES AND LEGAL INFORMATION
XM is growing fast and currently handles more than 1 million trading accounts. XM employs more than 180 professionals and offer customer support for 30 different languages.
■ XM is the trading name of Trading Point of Financial Instruments Ltd. founded in 2009 and based in Cyprus
■ XM is regulated by CySEC (Cyprus), Registration Number: 120/10
■ XM is registered also with:
- FCA (UK), 538324
- ASIC, 443670
- BaFin, 124161
- CNMV (Spain), 2010157773
- CONSOB (Italy), 3046
- FSP (New Zealand), FSP235905
■ XM is a member of ICF and covers up to 20,000 EUR per client in case of corporate insolvency
□ XM Rating Review (2/3/2017)
ForexExperts.net (c)
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