XM RATING -OVERALL SCORE {78.1%} (?)
XM is a large STP Forex broker based in Cyrpus and regulated by CySEC. The broker offers automated trading, PAMM accounts, welcome bonus, trading rebates, and a great variety of trading options (funding methods, customer support, platforms, financial instruments, CFDs on Futures, etc.)
■ 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 RatingFormula 5.0 gives a very good rating as concerns 'Trading Options' and 'Technology' but not a very good rating as concerns 'Competition'. XM seems the ideal Forex broker for all beginners and for Swing Traders.
XM RATING SUMMARY
The following table contains XM's rating summary based on (i) three rating aspects, (i) 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
■ FOREX RATINGS: ► IC MARKETS | ► FXOPEN | ► FP MARKETS | ► FBS Group | ► AXI RATING
■ COMPARE: » BROKERS DIRECTORY | » AUTOMATED TRADING SYSTEMS
□ XM Rating Review (2/3/2017)
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