Forex Broker Review – XM.com Cyprus, UK, Australia and Belize Based Forex Broker
Below is a review of online Forex broker XM.com based in Cyprus in the EuroZone and in the UK, Australia and Belize. Below is a list of the most common questions that traders ask about this broker.
Forex Broker reviews - XM
Where is XM based
XM is based in Cyprus, its address is:
12 Richard & Verengaria Street
Araouzos Castle Court , 3rd Floor,
UK Office: Citypoint Building 1 Ropemaker Street EC2Y 9HT London, UK
Australia Office: Level 13, 167 Macquarie House, Macquarie Street Sydney 2000, NSW, Australia
Belize Office: No. 5 Cork Street, Belize City, Belize, C.A.
Is XM.com a licensed and regulated Forex broker
Forex review details of the license, registration and regulation of this FX broker can be found on their website:
XM is regulated by the Cyprus Securities and Exchange Commission ( CySEC ) and the license number of regulation 120/10
Licensed and Regulated in the EU, It is also regulated by Cyprus Security and Exchange Commission, its License Number is CySEC 120/10.
Regulated in Australia by ASIC, under license number AFSL 443670 - ASIC (Australian Securities and Investments Commission)
3. UK - United Kingdom
Registered with the FSA in UK, under registration number 705428 - FSA (Financial Services Authority)
Licensed and Regulated in Belize by the International Financial Services Commission.
XM Global Limited is licensed by IFSC under license number IFSC/60/354/TS/17
What is the execution method of XM.com
Execution of XM is Real Time Market Execution with no requotes
XM has a no-requotes policy which means no virtual dealer plugins, and 100% execution of all orders on the real time market.
What are the spreads of XM
The spreads are
Spreads of XM.com
1.8 pips and 0.1 for Zero Spread Account
2.2 pips and 0.1
2.4 pips and 0.1
2.2 pips and 0.1
What Instruments are available for trading on XM
- Forex Currencies
- Equity Indices
- Precious Metals
- Online Stocks
What are the Forex account types of XM.com
Accounts provided are:
- Standard Account
- Micro Account
- Executive Forex Account
- Zero Spreads Account
Does XM.com forex broker have Islamic Forex Trading Accounts
XM is an Islamic friendly Forex broker.
XM provides Islamic accounts, that are swap free, meaning traders do not pay Interests on overnight trades.
What are the terms for demo accounts for XM.com
Non Expiring unlimited time demo accounts, with virtual balance of $100,000 dollars accessible from all 7 Forex trading platforms of XM. Trading on all instruments and allows Forex Expert Advisors trading.
How is the withdraw and deposit process of XM.com
Deposits are instant for electronic payments and card payments
Bank wire payments are processed within 24 hrs.
All Withdraws are processed within 24 hrs
credit card, Liberty Reserve, Neteller, Wire Transfer, Moneybookers Skrill, WebMoney, SOFORT, China UnionPay, iDEAL
What is the minimum account opening capital for XM
Micro Account - $100
Standard Account – $10,000
Executive Account - $100,000
Zero Spread Account - $100
Does XM.com give a Forex account opening deposit bonus
XM gives an account opening bonus of 50% of the deposited amount up to $500 and 20% bonus up to $4,500.
XM gives a $30 free no deposit account opening bonus
XM gives a Loyalty Bonus of $3.33 to $6.67 dollars bonus per lot traded
What is the security and reliability of XM.com
What is the rating for XM.com security and reliability?
XM is a licensed and regulated Forex broker
XM implement Investor Compensation Fund up to Euros 20,000
Therefore the security and reliability of this broker is good.
Does XM.com accept Forex scalping
XM Accepts Scalping
Does XM.com give free Forex education to traders
This broker provides learn currency trading education for Forex trading online.
XM website has free Video tutorial, free Forex webinars for registered traders, Free Forex course on their website, free Forex signals, free news and free market analysis.
What are the trading platforms of XM.com currency broker
XM Provides Seven Trading Platforms:
3. Mac MT4
5. Iphone Trader
6. Ipad Trader
7. Droid Trader
8. Mobile Trader
Is XM.com a MetaTrader 4 Forex broker
XM.com provides MetaTrader 4 software which is the best platform according to reviews.
This broker provides this trading platform for Windows, MAC and also for Mobile Phones.
Does XM.com allow automated trading
The brokers' policy for automated trading is:
XM also accepts Automated Trading robots and Expert Advisors.
What are XM.com website information sections
Forex Trading Platforms Section: this section provides platforms where a trader can choose one for trading online.
Forex Education Section: this section contains free Forex signals, online tutorials, online webinars, free technical analysis and free news.
Promotions: Section about news of new Forex promotions.
Trading Section: Section about spreads of currencies and all currency instruments available.