XM

Details

Platform XM
Website URL xm.com
Founded 2009
Headquarters Limasol - Cyprus
Support Number +501 223-6696
Support Types online chat , email , Telefone
Languages 30 Languages
Trading Platform Mt4 e Mt5
Minimum 1st Deposit 5 USD
Minimum Account Size 1 USD
Minimum Trade Amount 1 USD
Bonus 50% Bonus Deposit up to 500 USD
Payout 67-92
Leverage Max 1:888
Free Demo Account Open Demo
Regulated Yes
Account Types Micro , Standard , XM Zero
Deposit Methods Cartão de Crédito/Débito , Neteller , Skrill , Transferência Bancária
Withdrawal Methods Visa , Visa Electron , Master Card , Maestro , Union Pay , Neteller , Skrill , BitCoin , Transferência Bancária
Account Currency USD , EUR , GBP , JPY , CHF , AUD , HUF , PLN , RUB , SGD , ZAR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Pros

  • Regulated in the UK, Cyprus (EU), and Australia
  • Competitive pricing on XM Zero account
  • Added MT5 Web
  • Offers many international live seminars

Cons

  • Single-stock CFDs only available on MT5
  • Higher spreads on Micro and Standard accounts

Founded in 2009, XM.com provides traders with the complete MetaTrader platform package from MetaQuotes Software Corporation. XM.com has evolved into an online multi-asset broker offering over 400 instruments, including 57 currency pairs and 356 CFDs. Five CFDs in crypto coins are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple.

The XM.com brand (XM Group) is the trading name of Trading Point Holdings Ltd (Trading Point Group) – owner of the company’s FCA regulated entity in the United Kingdom, with EU passports under MiFID, a CySEC regulated entity in Cyprus , and its ASIC regulated entity in Australia.

Fees and Fees

Commissions and fees in XM depend on the type of account. There are three to choose from, including the Micro and Standard accounts with no commission and the XM Zero account based on commission.

For example, in the XM Zero account, average spreads in the EUR / USD were listed as 0.1 pips (no commission), compared to the Standard and Micro account without commission, which had average spreads of 1.7 pips for the same pairs.

Even after including the commission of $ 5 per side ($ 10 per round), and average spreads of 0.1 pips in the EUR / USD, the total cost to trade is 1.1 pips (0.1 spread + 1.0 RT commission), making the XM Zero account the most competitive offer of the company.

It is worth noting that XM acts as the sole (primary) reseller in every business it performs, and offers no re-quote on all its account types in terms of the method of execution as a market maker / distributor. This allows you to offer lower spreads during certain market conditions. Thus, both account options are useful depending on the needs of the customers.

Platforms and Tools

XM is a MetaTrader only brokerage that offers the standard and ready-to-use experience. This means that it offers MetaQuotes Software Corporation’s suite of platforms, which is the developer of the popular MT4 and MT5 desktop, mobile and web platforms.

Although MetaTrader 4 and MetaTrader 5 are standard, with little variation in broker-broker functionality, there can be significant differences in how the platform is configured for trading, execution, and other negotiation, execution, and other tools, resources, and administrative areas.

In addition to spreads, a wide variety of instruments and different account types, XM’s MT4 and MT5 platform configuration, and MetaTrader’s standard experience offer an MT4 / MT5 installation file wrapped in the Windows Emulator for MAC OS installation.

Other notes

XM allows each customer to maintain up to 200 positions at a time, including pending orders. The company can also fill up to 50 standard lots (five million units) at a time, for market orders, stop-loss and limit, and offers brokerage by telephone to traders wishing to trade.

XM holds regular international seminars and workshops, which offer customers the opportunity to meet company representatives and learn more about the company’s offers and opportunities.

In 2017, XM introduced CFDs in key cryptographic currencies including Bitcoin (BTCUSD), Dash (DSHUSD), Ethereum (ETHUSD), Litecoin (LTCUSD) and Ripple (XRPUSD), offering investors and traders the ability to gain exposure to assets without having underlying.

XM’s encryption offer includes a 2: 1 leverage (50% margin) with a maximum trading size limited to 1 Bitcoin and a minimum trading size of 0.1 Bitcoin.

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