XM Review

XM Open Trading Account

General Features, Location and Regulation

Reviewed broker: XM

Established in 2009

Location: Cyprus

Operated by Trading Point of Financial Instruments Ltd (Cyprus), Trading Point of Financial Instruments Pty Ltd. (Australia) and Trading Point NZ Ltd (New Zealand)

USA traders: accepted

Regulation: CySEC, FCA UK, ASIC Australia, IFSC Belize

Note: previously known as TradingPoint and MegaTraderFX

Latest awards: Best FX Service Provider 2017 by City of London Wealth Management Awards, Best Local Customer Service 2016 by FX168, Industry Selection of World Finance 100

Account, Payments and Trading Conditions

Trading instruments: currency, commodities, indices, metals, energies, stocks

Special features: ultrafast execution 99.35% of all trades executed in less than 1 second

Currency pairs: 55

Trading platforms: Metatrader 4, Metatrader 5, XM Webtrader

Cryptocurrency trading: yes

Open trading account with XM broker

Platform, Social Trading and Spreads 

Built-in technical indicators: yes

Expert advisors: allowed

Extensive back-testing options: yes

Advanced charting tools: yes

Account types: micro, standard, zero

Virtual private server VPS hosting: free for deposits of minimum $5,000

Demo account: available

Minimum deposit requirement: $5

Payment methods: credit cards, wire transfer, Skrill, Neteller, webmoney, paysafe, ideal, sofort, qiwi, cashu, giropay, przelewy24, western union

Maximum leverage is up to 1:888

Spread types: variable

Average spread starts from 1.7 pips

 

Start trading with XM broker

 

ECN spread start from 0.1 pips plus $5 commission per standard lot traded

Islamic swap free accounts: available upon request

Learning Material and Latest Promotions

Bonus and promotions: 100% deposit bonus up to $5,000, $30 no deposit bonus, Forex World Championship with 41 million pool prize.

Educational materials: seminars, webinars, unlimited access to video tutorials, market reviews, trading signals, daily technical analysis

Customer support: email, phone, online chat, personal account manager

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