Read Forex Trading Bonus review about XM. In this review you will find out what spreads, commissions, bonuses, licenses and trading platforms XM can offer for Forex and CFDs.
Leverage: 1:888 Licences: CySEC, FSP, ASIC
Min. Deposit: 5 USD Bonus: Free 30 USD
Spreads: from 0 pips US Clients: No
XM is a perfect choice! Register Now!
XM Forex Broker History
XM has its main office in Cyprus and branches in Greece and Hungary. Since the XM foundation in 2009 it has got more than 300 hundred thousand active accounts opened. Traders from almost 200 countries choose XM Forex Broker because it offers various trading instruments like Forex, futures and Contracts For Differences.
XM Broker Review of Accounts
Currently it has two types of accounts: Micro Account and Standard Account.As XM Forex Review suggests, if you only begin to trade Micro account suits you the most. Here you should deposit at least $5 to start trading. There is no commission on this type of account. Maximum open or pending orders equals 200 positions. You can choose among 11 base currencies. Lot restriction for one ticket here is 100 lots. The same conditions apply at Standard account too. The advantages of trading at Standard Account are larger contract size here: 1 lot equals 100,000, and lost restriction here is twice as much as for Micro Account.
XM, just like other STP brokers, earns from a spread and doesn’t take any commission. You can use more than one hundred trading instruments, depending on which spreads are determined. They can start as low as one pip. You can choose among variable and fixed spreads. But remember that fixed spreads are often higher so if you use them you need to settle premium insurance. In XM you can have best prices with fractional pip pricing. Due to this feature you can earn even in the smallest fluctuations because you will see 5-digit quoting prices. XM execution policy shows that almost 99,4% of deals are completed in less than one second and there are now rejection orders.
XM Reviews of Trading Platforms
XM offers different MT4 platforms for all popular operating systems (Windows and Mac). Your account gives you an unlimited access to all XM trading platforms. There are 4 platforms to choose for your PC, two platforms for your smartphone and two more platforms for tablets. So traders can work from whenever they are with regular speed and performance.
The options of MT4 platform are huge. Below you can see the full list. Platforms for PC/MAC: MT4 for PC, MT4 for MAC, WebTrader 4 and MT4 Multiterminal. Platforms for smartphones: MT4 for iPhone, MT4 for Android. And finally platforms for tablet: MT4 for iPad and MT4 for Android tablet. Very useful XM feature is that you can work with a few accounts at once, using different trading instruments.
XM Forex Review of Extra Features
As has been found out by XM Broker Review, it has an exceptional base of educational materials, including about 40 video tutorials, webinars in many different languages and lectures that are held all around the world. Educational tools are awesome, but not from questionable brokers.
XM Reviews of Customer Support
Customer support managers can help you 24 hours during 5 business days a week by different means of communication: live chat, e-mail or phone. XM customer support offers its services in many different languages so you will be attentively listened to find the best solution of your problem.
Managers of XM customer support will help you both with demo and real account so you will get the most of trading.
XM Deposit and Withdrawal
XM pays a lot of attention to the speed of withdrawal that is why it collaborates with top world payment systems. Payments (both withdrawals and deposits) can be made using: credit cards (Visa, MasterCard, Maestro), electronic payment (Skrill, QIWI, Webmoney and others) and Bank Wire Transfer.
XM Review Conclusion
XM broker offers various types of accounts and instruments to attract more and more clients. XM also offers a wide range of trading platforms that will suit different kinds of traders. They have a strong educational base with different types of materials that will help both to experienced trader and beginner. But, XM review suspects that some of the challenges made into advantages, as claims XM Forex Broker, are just covered flaws.