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Forex Broker Review – Cyprus, UK, Australia and Belize Based Forex Broker

Below is a review of online Forex broker 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,
3042 Limassol,


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 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


1. Cyprus

Licensed and Regulated in the EU, It is also regulated by Cyprus Security and Exchange Commission, its License Number is CySEC 120/10.

2. Australia

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)

4. Belize

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

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




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
  • CFD's
  • Equity Indices
  • Precious Metals
  • Energies
  • Online Stocks


What are the Forex account types of

Accounts provided are:

  • Standard Account
  • Micro Account
  • Executive Forex Account
  • Zero Spreads Account


Does 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

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

Deposits are instant for electronic payments and card payments

Bank wire payments are processed within 24 hrs.

All Withdraws are processed within 24 hrs

Payment methods:

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 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

What is the rating for 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 accept Forex scalping

XM Accepts Scalping


Does 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 currency broker

XM Provides Seven Trading Platforms:

1. MT4

2. MT5

3. Mac MT4

4. Webtrader

5. Iphone Trader

6. Ipad Trader

7. Droid Trader

8. Mobile Trader


Is a MetaTrader 4 Forex broker 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 allow automated trading

The brokers' policy for automated trading is:

XM also accepts Automated Trading robots and Expert Advisors.


What are 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.



Regulated Broker

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account

Tight Spreads

EURUSD: as low as 0.1 pips
GBPUSD: as low as 0.1 pips
USDJPY: as low as 0.1 pips
Commission fee is charged
Commission reduced from $5 to $3.5 per side

Regulated Broker

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account

Top 100 FX Brokers

Takes 5 Minutes to Open an Account, Open an Account Early: Open Forex Account