XM Review 2024

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Nominated in	Best Micro Forex Broker Best Dealing Room Best Crypto Trading Mobile App Best Mini Account Provider
Founded	2009
Regulation	ASIC, CySEC, IFSC
Standard account	$5
Leverage	1:888
Spread	1-1.9
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Written by Stephane Dubois

Reviewed by Sandro Pontedra

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XM General Information

XM Group (XM) 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 XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission. Our clients benefit from direct access to the financial markets in over 300 financial instruments. This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs with transparent real-time pricing, low spreads, and flexible leverage.

We value business efficiency - this is why we regard speed and fairness as crucial.

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.

* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros

up to 888:1 Leverage. *This leverage is not available to all the entities of XM Group. Leverage depends on the financial instrument traded.
16 Platforms, including MetaTrader4/5 and webtrader
Deposit Bonus up to 5 000 USD. *Clients registered under the EU regulated entity of the Group are not eligible for the bonus
Webinars
Tutorials
Account Funding 100% automatic
IB partner program with tailor made solutions for every partner
Minimum deposit is only $5
Tight forex spreads
Currency converter available on official site
Comfortable and safe trading

Strong selling points of XM focus on its NO Requotes, No Rejection Policy as well as its tight spreads which combined with its No Minimum Deposit Policy attract medium size traders which seek for an MT4/5 broker with clean trading conditions with NO high minimum deposit limitations.

Account Types

	Micro	Standard	XM Zero
Base Currency Options	USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR	USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR	USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD,ZAR
Contract size (lot)	1,000	100,000	100,000
Minimum Initial Deposit	USD 5	USD 5	USD 100
Leverage	Flexible	Flexible	Flexible
Spread on all majors	As low as 1 pip	As low as 1 pip	As low as 0 pip
Commission	No	No	Yes
Lots restriction per ticket	100 lots	50 lots	50 lots
Hedging allowed	Yes	Yes	Yes
Islamic Account	Optional	Optional	Optional

Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XM allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation of XM

Trading Point of Financial Instruments Pty Ltd is authorized and regulated by ASIC (AFSL no. 443760).
The full information can be found here: http://www.xm.com/regulation
Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10)
Trading Point of Financial Instruments Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC 443670
XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission

Though XM is not no spread forex broker, the spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips.

XM Trading Information 2024

Address	12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Support Phone	+357 25029900
Support e-mail	support@xm.com
Trading software	MetaTrader4, MetaTrader5, XM Webtrader
Free Education	Our Research and Education center offers daily updates on all the major trading sessions along with multiple daily briefings on all critical market events which daily shape the global markets. Manned by 20 multilingual market professionals we present a diversified educational knowledge base to empower our customers with a competitive advantage.
Account Types	Micro Account, Standard Account, XM Zero Accounts
Available Assets	Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs
Currencies	55+ currency pairs - majors, crosses and exotics
Precious Metals	Gold Trading and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods. The contracts based on precious metals can include futures, spot prices, forwards and options. The intermediary that enables futures contracts to be negotiated is the futures exchange, or commodity, market. Investors worldwide can access about 50 major commodity markets, with precious metals such as gold, silver, platinum and palladium as the leading tradable assets due to their high economic value and durability. While Asia is the worldwide largest precious metals market (China, India and Singapore being the top consumers of these commodities), the commodities market is dominated by European and American corporations, with the biggest precious metals companies based in Canada and Germany. The futures exchanges market, where besides currencies and stock indices gold and other precious metals are also actively traded, is available 24 hours a day, except weekends. Generally, precious metals are purchased in two main ways: on spot contracts and on futures contracts. While spot contracts involve the physical buying or selling of these commodities for payment and delivery on the spot date (typically two business days following the trade date), futures are standardized contracts, mutually agreed on by two parties to buy or sell precious metals of a specific quantity and quality for a price agreed on (called futures price) with delivery and payment on a later date in future (called delivery date). The buying and selling of futures takes place without the actual physical ownership of the commodities traded and done via online trading.
Commodities	Along with the global currency exchange markets, commodity markets offer various investment opportunities for retail traders worldwide. Soft commodities such as sugar, wheat or corn have been traded for centuries, and investors’ preference for these financial derivatives is attributed to the major role they play in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable means of risk mitigation even during times of inflation or economic uncertainty, ensuring both the contract buyer and seller against drastic price movements that may cause increased losses.
Stocks	Advantages of Stock Trading at XM: Cost-effective and direct access to the global equity markets. Instant access to global economies. Speculation on market uptrends/ downtrends. Going short/long according to market moves
Indices	CFDs on Cash Indices are subject to dividend adjustments. When an index constituent pays dividends to its shareholders it is essentially reducing the value of the company by the amount of the dividend. This is reflected on the ex-dividend date as a decrease of the company share price, as well as in a decrease in the value of the index in proportion to the weight of the stock within the index. To ensure no impact on positions, dividend adjustments will be made to the accounts of clients holding a position on the index at 00:00 (GMT+2 time zone, please note DST may apply) on the ex-dividend date. The dividend adjustment is made before the market open on the ex-dividend date (market hours can be found above). CFDs on Germany40 (GER40Cash) are not subject to dividend adjustments because the dividends paid by its constituent stocks are reinvested in the index itself. Thus, no downward adjustment occurs due to a constituent paying a dividend CFDs on Future Indices are also not subject to dividend adjustments.
VPS	Free VPS services: Make the most of your trades; Eliminate downtime Ideal for EAs; Increase the speed of your trades; Accessible from anywhere; Online 24/7.
Trading signals	Exclusive Technical Indicators. Using his 20+ years’ experience, Avramis Despotis created these automated indicators exclusively for subscribers to our VIP Education Package. Compatible with MT4 and MT5 Algorithmic technical analysis The right tools for precise investment decisions
Account currencies	EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR
Payment Methods	Multiple Local Payment Methods Available
First Deposit Bonus	Yes
Commissions	Zero fees on deposits & withdrawals. We've got the transfer fees covered. All e-wallets 100% covered. All major credit cards 100% covered. Wire transfers above 200 USD covered Instant account funding. No hidden fees or commissions
Languages	support in 29 languages: Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Spread Type	XM operates with variable spreads, just like the interbank forex market. Because fixed spreads are usually higher than variable spreads, in case you trade fixed spreads, you will have to pay for an insurance premium. Many times, forex brokers who offer fixed spreads apply trading restrictions around the time of news announcements - and this results in your insurance becoming worthless. XM imposes no restrictions on trading during news releases.
Broker Type	Broker
Minimum Lot Size	0.01
Digits After Dot	5
Mini Account	5
24/5 Trading
Demo account
Daily Analytics
Swaps
Hedging
Scalping
Mobile Trading
Automated Trading
Minus Protection
Promotions

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