XM provides next generation online services for trading forex, precious metals, stock indices, and energies for clients in over 200 countries. It is a CySEC regulated company that is also registered with the FCA (UK).
Since it was founded in 2009, XM has built a reputation for its commitment to business transparency and equally fair trading conditions for all clients. All XM clients trade with superior execution with strictly no requotes and no rejections.
XM provides all traders with the same outstanding services and trading conditions regardless of their invested capital. Opening a trading account takes less than 5 minutes and the online application form is available in over 18 languages.
For those not ready to make an investment or wanting to first test their trading strategies, a Demo Account with 100,000 USD in virtual currency is available without restriction or limit.When opening an account, clients are free to choose from base currency options for USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, and RUB. With tight spreads on over 60 currency pairs, the same spreads are offered on all trading account types, in addition to fractional pip pricing so that clients can trade with even tighter spreads and benefit from the most accurate pricing possible.
Account funding is 100% automatic and all deposits are processed instantly 24/7. Withdrawals are also processed on the same day via a variety of speedy yet secure payment methods. Client funds are kept in segregated accounts with top tier bank Barclays UK to provide the best possible protection and to reassure client that their funds cannot be used for other purposes.A wide variety of educational material is available for all clients, with free weekly interactive webinars, MT4 video tutorials, and periodic seminars that take place in different locations around the world. XM also offers its clients the benefit of non-stop promotions and bonuses up to 100% on deposits.
Typical Spread on Majors - Live
|Type of Broker||Market Maker|
|Regulated By||Regulated By CySEC (Cyprus), ASIC (Australia), FCA (UK)|
|Offices In||Cyprus, Greece, Hungary, Australia|
|Supported Languages||Arabic, Chinese, English, French, German, Japanese, Polish, Russian, Greek, Malaysian, Indonesian, Hungarian, French, Spanish, Italian, Hindi, Portuguese, Czech|
|ESMA Regulation ?||This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article|
|Swap Chart for EURUSD for different FX Brokers|
|Account Currencies||AUD, JPY, GBP, USD, EUR, CHF, HUF, PLN, RUB, ZAR, SGD|
|Traders from USA Allowed||No|
|Clients Funds Segregated||Yes|
|Interest on Margin||No|
|Islamic Account Restrictions||Muslim Faith Only|
|ECN / STP Accounts Offered||No|
|Commission on STP or ECN||0|
|VIP Accounts Offered||No|
|Mini Accounts Offered||Yes|
|PAMM / MAM Solutions||No|
|Web Based Trading||Yes|
|Funding Methods||Credit/Debit Cards, Wire Transfer, WebMoney, Skrill, Neteller, Sofort, iDEAL, Paysafe, Qiwi, CashU, Abaqoos, Moneta, Giropay, fasapay, MoneyGram, Western Union, Przelewy24|
|Withdrawal Methods||Credit/Debit Card, Wire Transfer, Skrill, Neteller, Qiwi, Moneta, WebMoney, fasapay|
|Platforms Offered||MetaTrader 4, MetaTrader 4 Mobile, MetaTrader 4 Android, MetaTrader iOS, Webtrader, MultiTerminal|
|NO of Pairs||57|
|Trade off Charts||Yes|
|MetaTrader Server Time||GMT + 2|
|Demo Account Expiry||Non-Expiring|
|Free VPS Conditions||Minimum Account Balance $5000 and Must trade minimum of 5 FX Lots per Month (round-turn)|
|Minimum Contract Size||0.01|
|Option of OCO||No|
|Option of FIFO||No|
|Negative Balance Protection||Yes|
|USDTRY||98.22||-1101.78||0||Compare Swap rates from other Brokers|
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