XM Review

Last Updated : Monday 17th April 2017

Written By Tim Baudin
Forex Trading Instructor

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Regulation : BaFin (Germany), CNMV (Spain), CySEC, FCA (UK), FSP (NZ), ACP (France), FIN (Finlend)

Accepts US Clients: No

Min. Deposit : $5

Leverage : 1:888

Platforms :XM MT4 Terminal, XM Mac MT4, XM Web Trader, XM iPhone Trader, XM iPad Trader, XM Droid Trader, XM Mobile Trader, Mirror Trader, XM MAM Trader, Zulu Trade

We Like

  • High leverage up to 1:888
  • 100% bonus up to 5,000 USD
  • Highly efficient trade execution rate which is 99.35%
  • No rejection of trades (100% execution)
  • Very strict to maintain and provide fast trading without any re-quotes

We Don't Like

  • Does not accept any deposit via Paypal
  • No OCO orders
The Verdict :

XM have many advantages over other forex brokers. Their efficient execution and no re-quotes strategy have made them an unique broker in the forex market.

  • Expert Opinion
  • User reviews
  • Specifications
Platform:
Trading PlatformsXM MT4 Terminal, XM Mac MT4, XM Web Trader, XM iPhone Trader, XM iPad Trader, XM Droid Trader, XM Mobile Trader, Mirror Trader, XM MAM Trader, Zulu Trade
OS CompatibilityMAC, Windows, Android, iOS.
Mobile TradingYes
Web Based TradingYes
Platform Languages
Addition ServicesTrading signals, automated trading
Other Tradable InstrumentsMetal, Oil, Gold, Commodities, CFDs, Indices, Stocks.
HedgingNo
ScalpingNo
Trailing StopYes
One Click TradingNo
Automated TradingYes
OCO OrdersNo
Account Details :
Max Leverage1:888
Min. Initial DepositMicro Account: $5.
Standard Account: $5.
Executive Account: $100000.
CommissionsNo
Typical Spread (Majors)EUR/USD – 1.8
Deposit OptionsChina UnionPay, Credit Cards, iDEAL, Liberty Reserve, Moneybookers Skrill, MoneyGram, Neteller, SOFORT, WebMoney, Western Union, Local Bank Transfer and Wire Transfer
Withdrawal OptionsChina UnionPay, Credit Cards, iDEAL, Liberty Reserve, Moneybookers Skrill, MoneyGram, Neteller, SOFORT, WebMoney, Western Union, Local Bank Transfer and Wire Transfer
Demo AccountYes
Account TypesMicro, Standard and Executive
Number of pairs offered54
Dealing DeskMarket Maker
Additional FeaturesTrading signals, market analysis, forex news, economic calendar, market sentiment, forex calculators
Bonus and Promotion:
No Deposit BonusNo
First Deposit Bonus100% on first deposit (Up to $5,000)
Other Promotional OffersZero fees on all deposits
Company Information :
Headquarter InCyprus
Established Year2009
Regulating AuthorityBaFin (Germany), CNMV (Spain), CySEC, FCA (UK), FSP (NZ), ACP (France), FIN (Finlend)
Websitewww.xm.com
US Clients AcceptedNo
Customer Support LanguagesArabic, Bahasa Indonesia, Bahasa Malaysia, Chinese, English, French, German, Greek, Hungarian, Japanese, Korean, Polish, Portuguese, Russian, Spanish
Support byLive chat, Email, Telephone, Facsimile