|💻 Demo Account:||Yes |
|⚖ Allows Hedging:||Yes|
|🔪 Allows Scalping:||Yes|
|🏢 Headquarters:||Cyprus, Australia, UK|
|📅 Founded:||2009, 2015, 2016|
|📈 Trading Platform(s):||XM MT4 Terminal, XM Web Trader, XM iPhone Trader, XM iPad Trader, XM Droid Trader, XM Mobile Trader, MIRROR TRADER|
|📜 Regulating Authority(s):||CySEC, FCA, ASIC|
|💰 Minimum Deposit:||$5|
|📣 Maximum Leverage:||1:30|
Visit XM Group
Risk Warning: Your capital may be at risk
XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 in Limassol Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10). Trading Point of Financial Instruments Pty Ltd was established in 2015 in Sydney, Australia and is regulated by the Australian Securities and Investments Commission (ASIC 443670). Trading Point of Financial Instruments UK Ltd was established in 2016 in London, United Kingdom and is regulated by the Financial Conduct Authority (FCA 705428)
Account Types, Commissions & Spreads
XM Group offers its clients 3 types of account: MICRO, STANDARD and ZERO with low spreads and a level of leverage that can reach the maximum of 1:30 (*Leverage applies to all the EU regulated entities of the group. Leverage depends on the financial instrument traded.). 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. Finally, XM Zero account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit $100. XM Zero account has a $3,5 commission per $100,000 traded.”
The trading software that is used by XM is MetaTrader 4 and MT 5, by MetaQuotes. It offers a web application, as well as a mobile application that allows traders to continue to trade even while on-the-go. There is no monthly fee to pay for using this trader. Instead, the monthly fee is paid for the account that is created by XM. There are demo accounts available with MetaTrader 4. This trading software offers enough tutorials and help packages for beginners, as well as enough options to satisfy those who are considered to be advanced and expert traders. It has charts, indicators, and studies that are fully integrated with the platform, but does not offer live support or news integration. It allows stop order to be made, as well as market orders and trailing stops. The trading types that MarketTrader 4 supports are swing trading, mid term trading, day trading, and long term trading. Finally, it is possible to build both proprietary indicators and systems on MarketTrader 4.
Deposits & Withdrawals
There are no fees for making a deposit or a withdrawal. It is possible to use multiple credit cards to make deposits, electronic payments for withdrawals and deposits, bank wire transfers, and local bank transfers. In order to make a withdrawal, the trading account needs to be validated as a security precaution. It is also possible to transfer funds from one account that is used for trading to another account that is used for trading.
XM offers comprehensive customer support. There are many different tutorials that those who are new to trading can utilize in order to get into the game. They also have customer helplines that can be called if a customer has a question.
Regulators & Safety
All customers’ money is kept in segregated accounts in investment grade banks. XM Group is regulated by Cyprus Securities and Exchange Commission, Australian Securities and Investments Commission and the Financial Conduct Authority.
Leverage, or the multiplication of an account, is present at XM. The maximum leverage is 30:1. Leverage applies to all EU regulated entities of the Group. Leverage depends on the financial instrument traded
Sign Up Bonuses
XM Group offers its new clients a $30 No-Deposit Bonus and a two-tier deposit bonus, 50% deposit bonus up to $500 and 20% deposit bonus up to $4,500(* “Trading bonuses are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.”).”