XM Review 2018

  • Company Name: Trading Point Holdings Ltd
  • Founded: 2009
  • US Clients: No
  • Trading Instruments: Forex, Stocks, Commodities, Equity Indices, Precious Metals, Energies, Cryptocurrencies
  • Min. Deposit: $5
  • Max. Leverage: 1:888
  • Spread: As low as 1 Pip, zero spread for XM Zero account
  • Regulated by: FCA, ASIC, IFSC, CySEC
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XM Review

Xm Review

XM Review – Foundations of XM were laid in 2009, and since then it has widened its horizons and gathered over 1,500,000 and is now a flourishing international investment firm and has achieved the status of true industrial giant.

They have influence and reach all over the world due to their wide-ranging experience and support of languages greater than 30. They are skilled and have the necessary resources to make their clients reach their investments goals.

Promotions

  • $30 trading bonus – No deposit required
  • 50% deposit bonus up to $500
  • 20% deposit bonus up to $4,500
  • 0% zero fees on deposits & withdrawals
  • Free VPS services
  • XM loyalty program – Highly exclusive bonuses that will be made available on an invitation only basis.

Usain Bolt

Account Types

XM provides Standard as well as Micro Accounts and is perfectly able to fulfill novice and experienced traders requirements along with adaptable trading conditions and can provide leverage till to 1:888. XM Zero account is the perfect option for zero spread trading.

Standard and Micro accounts both entails smallest deposit investment of $ 5, but for XM Zero account it is no less than $100.

With the introduction of Negative Balance Protection, all the clients are protected with minimum risk and there is no chance of losing greater than their balance in account.

If you are a beginner stepping into the world of forex trading, a demo account will be the perfect option to asses if you have the skill of trading. It permits you to trade but with virtual money, so you are shielded from risks. When you feel that you have a decent knowledge on trading strategies, market moves and the methods to order, you can go ahead and open a trading account.

XM accounts propositions trading instruments that goes above 55 currency pairs and CFDs on valuable metals, equity indices, energies, crypto currencies, distinct stocks with maximum competitive spreads, zero order rejections and re-quotes implementation of XM.

Trading Platform

You can begin trading instruments of your choosing on either MT4 or MT5, presented to PC and MAC alike or on mobile devices. On the other hand, you may want to look at XM WebTrader which is instantaneously available from your browser.

The MetaTrader 4 and MetaTrader 5 are quite standard, with slight difference in functionality; but there can be a substantial difference in setting up the platform for trading spreads and commissions, execution, features, administrative areas and other tools.

In addition to spreads, a good variety of instruments, diverse account types, XM’s MT4 and MT5 platform setup and default MetaTrader experience provides a MT4/MT5 installation file enfolded in Windows Emulator if MAC OS Installation is required.

Furthermore, Apple and Android mobile devices will impeccably let you trade on your respective accounts via smartphone or tablet which has complete functionality of the account.

Funding Methods

No minimum deposit account is necessary for both MICRO and STANDARD account, but system limitations restricts it to $5 in case of electronic funding which also includes credit/debit cards.

No third parties deposits are accepted. Payment can be done by those accounts which hold the same name as your XM trading account.

If you need to deposit money in the trading account, all you need to do is login to Members Area, press Deposit button present on the menu, and choose your desired payment option. You will then be given precise instructions for the required steps you need to perform.

Credit/Debit Cards – Visa, Visa Electron, Mastercard, Maestro, UnionPay

Electronic Payment – WebMoney, Skrill, Neteller, Fasapay

Bank Wire Transfer – Only fees on XM’s side are covered. Minimum deposit/withdrawal is $200.

Clients who possess a valid trading account and have completed uploading their supporting documents are allowed to withdraw their funds. To upload the documents, clients need to access the XM Members Area and upload it there. It should include proof of identity and address. After the validation process of clients’ trading account has been completed they will then be able to withdraw their funds from the trading account.

Awards

Awards

Customer Support

XM claims substantial client support and engagement. They offer email, live chat and telephone number to all their clients. They offer customer service in up to 20 languages, fascinating right? The support service is from Monday to Friday only. Requests made on the weekend are looked upon the next working day.

Other Services

Market Research:

  • Market Preview
  • Stock Market News
  • Forex Previews
  • Technical Analysis
  • Special Reports
  • Analysis Videos

Learning Center:

  • Forex Webinars
  • Video Tutorials
  • Forex Seminars

Trading Tools:

  • Forex Signals
  • MQL5
  • Economic Calendar
  • Forex Calculators

Conclusion

XM is a dependable broker with remarkable bonus system and efficient trading facilities appropriate for beginners as well as professional traders. The most noticeable advantages are that it consists of a simple platform which can be managed with ease, dependability of trade execution, zero order rejections and agreeable leverages which goes till 1:888.

However, we feel that the disadvantages must be highlighted. They don’t support money transfers through PayPal. The customer service is from Monday to Friday only, which can frustrate traders who desire to trade on the weekends. Our verdict is that XM.com is potent online Forex broker which should definitely be under consideration.