Forex Broker Review - XM.com Cyprus, Australia and Belize Based Forex Broker
Below is a review of online Forex broker XM.com based in Cyprus, 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 StreetAraouzos Castle Court, 3rd Floor,3042 Limassol,Cyprus.
Australia Office: Level 13, 333 George Street, Sydney, NSW 2000, AustraliaBelize Office: Suite 404, The Matalon, Coney Drive, Belize City, Belize
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
1. Cyprus
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. Belize
Regulated in Belize by the Financial Services Commission (FSC000261/158).
What is the execution method of XM.com
Execution of XM is Real Time Market Execution with no requotes
XM has a no-requotes execution policy.
What Instruments are available for trading on XM
- Forex Currencies
- CFD's
- Equity Indices CFDs
- Precious Metals - Silver and Gold CFDs
- Energies - Crude Oil CFDs
- Online Stocks CFDs
- Commodities CFDs
- Cryptocurrency CFDs
What are the Forex account types of XM.com
Accounts provided are:
Micro Account
Standard Account
XM Zero Account/XM Ultra Low Account
*Accounts availability depend on the client’s country of residency.
The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.
The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.
The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $5. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $5.
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 are provided on MT4 and MT5 trading platforms; demo accounts provide full and unlimited access to the features of the MetaTrader 4 and MetaTrader 5 Forex trading platforms that include trading, charting and Expert Advisors automated trading.
Note: Demo accounts will be closed if they are inactive for more than 90 calendar days.
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
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 XM.com give a Forex account opening deposit bonus
Bonus on Deposit and Loyalty Bonus
1. Free VPS for clients who maintain a minimum trading account balance of USD 5,000 or currency equivalent. No end date for this promotion;
2. $30 Non-Deposit Trading Bonus for new clients only. No end date for this promotion;
3. The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000. No end date for this promotion;
4. The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only. No end date for this promotion;
* Trading Bonus and Loyalty Program are not eligible for clients registered under Trading Point of Financial Instruments Ltd.
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
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 forex 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 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.
