XM Forex Broker Review
XM.com is the trading name of Trading Point Holdings Ltd. As an excellent financial service provider, the objective of this company is to provide the trading conditions which can equally meet the expectations of beginners as well as the professional traders. This company was founded in 2009 and started online trading since 2012. They establish the office in Cyprus. XM.com performs these trading activities by combining the latest technologies and financial know-how to gain maximum profit to the traders. They find their own place in the online market within a short period of time.
The clients can make their payment options through flexible options like Credit or debit cards, Neteller, Webmoney, Wire transfer, Money bookers, Western union, Money gram, China union pay, iDeal and Local bank transfer. You can trade in the accounts by using the currencies in Australian Dollar, Euro, Great Britain pound, Hungarian Forint, Japanese Yen, Polish Zloty, Russian ruble, Swiss franc, United States dollar, and also allowed in currency pairs like EUR/USD, EUR/GBP, USD/JPY, GBP/USD, EUR/JPY, NZD/USD, EUR/CAD, GBP/JPY and many other currencies and a total of 54 pairs. It has a demo platform of Meta Trader 4. The XM.com review the disadvantage of this site is that they did not welcome the citizens of The United States, North Korea and Iran.
An attractive feature of this trading company is that they did not charge any hidden fees and no negative balance policy. It is regulated by the ASIC (Australian Securities and Investment Commission) CySEC, FSP (New Zealand), BaFin, CNMV (Spain), FCA (UK) and it is operated in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union. XM.com believes in providing incentives to the traders as they give rewards not only for the clients who deposit for the first time, but for every subsequent deposit which was topped with an extra bonus. The company allows both online and offline trading for all prospective clients, as a means to motivate them. The key points in a list of table allows you to find, compare and select the most suitable options for trading and can meet your entire trading requirement.
The website is available in different languages like English, French, German, Romanian, Spanish, Arabic, Chinese, Portuguese, Italian, Turkish, Japanese, Indonesian, Korean, Swedish, Danish, Russian, Latvian, Thai, Greek, Hungarian, Malay and Polish for all types of traders from all over the world. The traders will get supportive ways in all the above twenty two languages and can be reached through call back service, phone, live chat and email. Their customer support desk is available to the traders twenty four hours a day from Monday to Friday.
XM.com provides flexible leverage and low spreads to the traders. The traders can enjoy a maximum flexible leverage between 1:1 to 888:1. It has a negative balance protection and monitors the real time risk exposure. There is no change in the margin overnight. The trading instrument of this company has a spread type of tight and variable and not allowed any re-quotes. The equity indices showed that it has cost effective and can directly access to the global equity market. They did not charge any extra fees or commissions. They allow you an instant access to global economies. It has a tight spread on all major currency pairs as low as 1 pip over sixty financial instruments. It charges the same spreads for all types of account trading and provides fractional pip pricing.
The company follows a three day roll over strategy and the current interest rates. It has a client friendly swap contract and a competitive roll over rates. They can execute about 99.35 orders in less than one second. They strictly follow no re-quotes and no virtual dealer plug-in. Their execution rate is 100 percent, execute in the market at the real time and the orders will not be rejected. You can make trades with XM.com from anywhere and in anytime. They are very friendly and they allow account types like Micro, Standard, Executive and Islamic. The minimum account size allowed is $ 5 and the minimum position size is 0.0001 lots. The typical spread on EUR/ USD is 1.8 pips and the spread type is variable. The minimum spread on EUR/ USD is one pip.
This site allows you to take advices from experts regarding the trading as it is more beneficial in taking decisions. It helps the traders to take the right decision at the right time and can make maximum profit. It allows scalping. The XM.com details reveal that company offers many trading instruments like Forex (1:888), commodities, options and CFD (1:100) Gold and Silver (1:100) and Oil (1:100). These are leveraged products which carry a chance of loss and substantial risk to your invested capital. This website acts as a trading platform for XM Mac Meta trader 4, XM Meta trader 4, XM Web trader 4, XM Android trader app, XM multi terminal, XM iphone trader app, XM mobile trader app, XM ipad trader and XM MAM as it allows you to contact with all traders. It increases the speed of your trading and can enjoy the optical fiber connectivity. This site is accessible from any location of the world. The site of XM.com displays five digits after the dot in quotes and allows currency trading in 54 pairs of currency. It mentions the margin call level of 50% and the stop out level of 20%.
This forex trading company offers different types of bonus to the traders. They offer a 30% bonus up to US$ 10000 for all types of accounts. The deposits are available starting from $5 or any other currency equivalent and the bonus will be automatically credited to your account at the instant. The interest rate on funds is a great perk to the traders. The customers can avail free trading contests, free education and will get the support and advices from the personal manager. This site provides you the facility to trade by using the telephone. XM.com has MAM accounts, segregated accounts and managed accounts. The company offers the traders various affiliate programs for refreshing the mind.
Another important notable point is that, this financial trading company offers the facility to have open Islamic accounts for the Muslim traders for those who are following Islamic laws on trading. It is usually beneficial for the Arab traders from all over the world. This website also offers other listed benefits such as overnight interest rates, hedging, trailing stop, one click trading, pending orders, mobile trading, automated trading and browser based working platform. The real account clients of XM.com can enjoy the benefit and convenience of XM cards. There are three options to select this prepaid card from XM USD Master Card, XM EUR Master Card and XM USD Shanghai (China Union pay). This most customer supported website is likely by many traders and the average XM.com rating conferred from various reviews is 5.5 out of 10 which is a good score.
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