XM.com Short Review
XM is a CFDs provider offering more than 1000 financial instruments that can be traded on the MT4/MT5 platforms. These assets include Forex currencies, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs, and Cryptocurrencies CFDs.
The XM Group (at the time of the review)
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XM Group (Trading Point of Financial Instruments Ltd) was established in 2009 and is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10),
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Trading Point of Financial Instruments Pty Ltd was established in 2015 and is regulated by the Australian Securities and Investments Commission (ASIC 443670)
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XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (IFSC/60/354/TS/19)
◙ XM Review
Here is the XM Review & Rating Summary:
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XM.com BASIC FACTS & NOTES |
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CFDs Provider |
XM.com TRADING INFO |
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◘ XM Asset Index |
■ XM offers several financial instruments:
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A wide Forex asset index and a good variety of other assets. Note that all financial instruments can be traded via MT4 too. |
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◘ XM Typical Spreads / Trading Commissions |
■ No Trading Commissions by XM ■ EURUSD spread is 1.6 pip ■ GBPUSD spread is 1.8 pip ■ USDJPY spread is 1.9 pip |
XM spreads are fair given that they charge no trading commissions. |
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◘ Maximum Leverage |
■ XM offers Leverage up to 30:1 |
30:1 for European Traders, other traders may use higher trading leverage |
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◘ Lot Size |
■ The minimum lot size is 0.01 |
Normal size, but their stop levels are an issue for intraday Forex traders |
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◘ Automated Trading / Scalping |
■ Automated Trading is allowed by XM, -YES- ■ Scalping is allowed by XM, -YES- |
The Forex broker provides nice trading conditions when using Expert Advisors |
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◘ XM Platforms |
■ XM offers MetaTrader4, MetaTrader5, Web Trader |
Good variety of trading platforms. Their MT4 platform offers popular Indices and Commodities |
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◘ XM Typical Slippage (EURUSD) |
■ XM EURUSD Slippage is measured at about 0.9 pip |
0.9 pip slippage on order execution |
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◘ Free VPS |
■ Yes |
A free VPS for clients who maintain a balance (Equity-Credit) of USD 5,000 or currency equivalent. |
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The Company |
XM.com COMPANY INFO |
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◘ XM Foundation |
■ XM was found in 2009 |
Many years in the market |
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◘ XM Headquarters |
■ XM headquarters are in Cyprus (EU), Australia, and Belize |
Headquarters in Cyprus while client funds are kept in segregated accounts |
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◘ XM Regulation |
■ XM is regulated by CySEC, ASIC, IFSC |
XM is a highly regulated financial entity |
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XM Accounts |
XM.com ACCOUNT INFO |
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◘ XM Account Currencies
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EURO, USD, GBP, and JPY |
Accounts in XM may be held in a great variety of popular currencies |
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◘ XM Deposit Money |
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Good variety of deposit methods |
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◘ US Residents |
■ XM forbids US Residents as Clients, -No- |
No US Traders |
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◘ XM Minimum Deposit |
■ Minimum Deposit is $5 for Micro and Standard Accounts and $100 for XM Zero Account |
You can start using a Demo Account. |
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◘ XM Promotions |
■ Free VPS for clients who maintain a balance (Equity-Credit) of USD 5,000 or currency equivalent. ■ $30 Non-Deposit Trading Bonus for new clients only ■ The two-tier deposit bonus offers a 50% deposit bonus up to $500 and a 20% deposit bonus up to $5,000 ■ The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. These XMPs can be redeemed at any time for a credit bonus which can be used for trading purposes only
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◙ XM Rating
Here is the XM Rating using the Brokers Formula v.4.
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XM.com RATING ANALYSIS |
RATING |
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| 1.XM Reliability Analysis | 81.8 |
| 2. XM Competition Analysis | 76.8 |
| 3. XM Trading Options | 100.0 |
| 4. XM Technological Analysis | 77.5 |
| XM Overall Rating | 84.26% |
■ XM.com Review
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