XM Forex Broker History
XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and Trading Point of Financial Instruments UK Ltd was established in 2016 and it is regulated by the Financial Conduct Authority (FCA 705428). XM Group offers trading in Forex and CFDs on Stocks, Precious Metals, Equity Indicies, Commodities and Energies.
XM Broker Review of Accounts
XM Group offers its clients 3 types of account: MICRO, STANDARD, and ZERO with low spreads and a level of flexible leverage that can reach the maximum of 1:500. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. Finally, XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $5 commission per $100,000 traded.
XM 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 for Micro and Standard account and as low as 0 pips for Zero Account. You can choose among variable and fixed spreads. In XM you can have one of the 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 and MT5 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 Group accepts the most commonly used Local Payment Methods today including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.
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.