XM is a registered trademark of Trading Point of Financial Instruments Ltd, a Cyprus-based international forex broker company that expanded its global financial services within just two years after its setup in 2010 in a spectacular way.
XM was launched in 2011, and as a trade name of Trading Point, it marks a landmark in the history of the company in terms of ranking it among the most popular brokers, with a general rating of 7 out of 10. Registered as a Cypriot Investment Firm, the company operates XM services for trading forex, precious metals, equity indices and energies with the regulatory background of ASIC (Australian Security and Investments Commission AFSL no. 443670)
CySEC (Cyprus Securities and Exchange Commission), in compliance with the MiFID (Markets of Financial Instruments Directive), and with full European Union authorization, including FCA (UK), BaFin (Germany), AFM (Netherlands), CNMV (Spain), FI (Sweden), and FIN (Finland).
The popularity of XM is mainly attributed to its strict no re-quotes, no rejection of orders and no hidden fees or commissions policy, along with real-time markets execution, with 99.35 of all orders executed in less than 1 second. Moreover, 24/5 multilingual Personal Account Managers ensure smooth client communications and professional support for both demo and real account holders.
The benefits of trading at XM speak for themselves:
- Trading with a MINIMUM DEPOSIT OF $5.
- MULTIPLE TRADING ACCOUNTS with flexible conditions.
- Unlimited and free DEMO ACCOUNTS.
- Account registration in 16 languages.
- LEVERAGE up to 888:1.
- TIGHT SPREADS as low as 1 PIP on all major currency pairs.
- Fractional pip pricing.
- Access to 8 TRADING PLATFORMS from 1 account.
- ACCOUNT FUNDING 100% automatic and INSTANTLY processed 24/7.
- Fast deposits and SAME DAY WITHDRAWALS by credit card, wire transfer, local bank transfer, Neteller, Moneybookers, Western Union, Webmoney, SOFORT, iDEAL, China UnionPay.
- Tier-1 banking with SEGREGATED BARCLAYS accounts.
- $30 + Deposit Bonus up to $5,000.
- Free UNIQUE MT4 video tutorials.
- Free weekly interactive online webinars.
- Metaquotes XM Mobile Trader platform.
- Multilingual ECONOMIC CALENDAR, forex news, market analysis.
Features at XM
XM offers a unique blend of features and incentives for trading forex, CFDs, equity indices, precious metals (gold, silver) and energies (oil). Not only does the MetaTrader 4 platform provide cutting-edge conditions for both demo and real trading operations on PC/Mac OS, iPhone, iPad, Android for great flexibility, but it is also coupled with trading conditions that satisfy a greatly varied global client base. The soon to implement PAMM account system adds even more incentive to investors.
XM is also widely popular for its Bonus Program and regular promotions. Currently, the main incentive for clients is the 50% Deposit Bonus up to 500 usd and 20% up to 5,000 USD with all bonuses credited to clients’ accounts within 24 hours.
Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, XM offers three real trading account types with custom-tailored conditions and base currency options for USD, EUR, GBP, JPY, CHF, AUD:
- MICRO (1 micro lot = 1,000 units of the base currency).
- STANDARD (1 standard lot is 100,000 units of the base currency).
- XM ZERO (1 standard lot is 100,000 unites of the base currency).
Average Spreads for currency pairs are as follows:
With generally tight spreads on over 60 currency pairs and the same spreads offered for all trading account types, XM also provides fractional pip pricing so that clients can trade with tighter spreads and benefit from the most accurate quoting possible. The 888:1 leverage offered is unique in the industry. Moreover, clients are guaranteed negative balance protection as well as unchanged margin overnight and at weekends. Funds transfer processing time is quick and in line with standard banking practices. Beginner traders and seasoned investors equally benefit from the same conditions in every respect: full access to the real-time financial markets, 100% execution, no rejection of orders, no re-quotes, with all transfer commissions covered by XEMarkets, support from Personal Account Managers 24/5. Uniquely developed free MT4 tutorials and free live webinars provide first-hand forex education for all those who want to perfect their trading skills.
XM clients can access as many as 8 advanced trading platforms directly from 1 account, which speeds up trading operations and gives them great flexibility to trade from anywhere and at anytime with ease. At XM the multi-award winning platform Metatrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors (EAs) are also supported.
The available trading software is as follows: MT4 Terminal; MT4 for Mac; iPhone Trader; iPad Trader; Droid Trader. Apart from this, the XM Multiterminal Trader allows multi-account management to fund/asset managers and multiple account holders with an unlimited use of charts and EAs.
Deposits and Withdrawals
At XM the safety of client funds is guaranteed by funds being kept in tier-1 segregated Barclays accounts. Account funding is 100% automatic and processed 24/7, while same day withdrawals are guaranteed. Various payment methods are at clients’ disposal with a wide geographical coverage: credit card (VISA, VISA Electron, MasterCard, Switch, Solo) local bank wire, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL. There are no hidden fees or commissions for funds transfers, and all transfer fees are covered by XM.
Multilingual Personal Account Managers are at clients’ disposal via live chat, by telephone or email 24 hours on 5 business days, providing them with client support in a variety of languages and with the alertness required. Customer-friendly support helps both demo and experienced investors make the most of trading by ensuring flawless communications at all times.
Unique XM MT4 videos and free live webinars help traders tap into the details of forex trading, with further online tutorials in several languages upcoming in the near future.
XM Tutorials, Webinars and Live Seminars.
XM – Conclusion
XM is committed to offering their services for a large global client base by setting up high standards and by maintaining the following core values: business transparency, unified business principles, outstanding customer communications. From the first moment of signing up with XM, throughout trading operations, clients can experience the benefits of trading with a leading forex broker.