Getting to know a certain broker by a decent and detailed review is the best way to make up your mind and decide whether it is suitable for you. There are many things you need to consider, but when you have all the necessary data in front of you, it becomes easy and quickly. What we can promise you is to provide you all the latest information about the broker we analyze. Today, we do the same thing with XM broker. Check out our authentic XM review now and see whether it can be your next Forex platform to discover now!
XM Overview and Preliminary Information
We always begin our forex broker reviews with some preliminary information and overview as to the company and history. XM Group is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under XM Group have significant experience as financial services providers worldwide. Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney, Australia, Trading Point of Financial Instruments UK Ltd was established in 2016 with headquarters in London, UK and XM Global Limited was established in 2017 with headquarters in Belize. XM Group is regulated by CySEC (Cyprus Securities and Exchange Commission) with license number 120/10 – Trading Point of Financial Instruments Ltd, ASIC (Australian Securities and Investments Commission) with license number 443670 – Trading Point of Financial Instruments Pty Ltd, FCA (Financial Conduct Authority) with license number 705428 – Trading Point of Financial Instruments UK Ltd and IFSC (International Financial Services Commission) with license number IFSC/60/354/TS/17 – XM Global Limited. With over 1,500,000 clients since it was founded in 2009, XM Group has grown to a large and well-established group of regulated investment firms.
XM Group Customer Support Services Information
Safety and faultless trading activity at XM Group are also backed up by the good customer support services that are processed at the website. The Forex broker offers 24/5 customer support and any of you can ask for some help or a question any time you feel need of assistance or additional information. Contact XM Group customer support representatives via e-mail, live chat or phone call. The support services are available at multiple languages – English, Greek, Japanese, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Hungarian, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Bengali, Urdu, Thai, Nepali, Tagalog, Cebuano and Serbian.
XM Group Account Information to Know in Advance
Opening an account at XM Group is easy. First of all, complete your registration. Then, you will be asked what type of currency you want to manage your account. These are your options at XM Group page: AUD, JPY, GBP, CHF, PLN, HUF, USD, ZAR, EUR, SGD and RUB. Proceed with the selection of payment method – aka the ways you will make deposits and get your claimed withdrawals after getting profits. XM Group accepts the most commonly used Local Payment methods today including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc. More information can be found on the XM’s website, https://www.xm.com
XM Group offers you the following trading account types:
- Demo account starting with $100,000 Virtual Balance. You do not risk your own money and you can test your skills, your knowledge and the trading platforms offered by XM Group.
- Micro account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.
- Standard account allows you to operate with standard lots and it has minimum initial deposit of $5.
- 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 $3.5 commission per $100,000 traded.
Islamic account, known as swap-free accounts, which implies no swap or rollover interest on overnight positions, which is against Islamic faith. XM Group offers Islamic accounts to clients following the Muslim faith.
Trading Features at XM Group Broker
XM Group broker is a typical market maker. It has variable as low as 1 pip for Micro and Standard accounts and as low as 0 pips for XM Zero account and there is a $3.5 commission per $100,000 traded for XM Zero account only. The maximum leverage offered is 30:1. This leverage applies to all the EU regulated entities of the group. Leverage depends on the financial instrument traded and on clients’ country of residence. If you want to, you can take the benefits of various trading approaches at XM system like hedging, scalping and using auto signals. XM Group offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs and Cryptocurrencies CFDs
XM Group Trading Platforms
One of the best things at XM Group broker is that it is powered by many trading platforms. The customer can select from the web-based platform of WebTrader and the popular software MetaTrader 4 and MetaTrader 5 that should be at first downloaded and then, installed on your persona desktop device. Speaking of which, you are also welcomed to use the mobile version of XM Group website, if you like trading on the go. Use your tablet or smartphone to download and install the amazing XM Group apps – for iOS or for Android-based mobile device.
XM Group Bonus System
And finally, we have reached the bonus part – XM Group bonus system you can enjoy on the broker`s website. See now the currently available special promotions on XM Group trading platform:
- no deposit welcome bonus gives you $ 30 for a start. All you need is to be a new customer on the page and to have made your registration. Clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd are not eligible for this bonus. This bonus will also depend on the client’s country of residence.
- The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000. Clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd are not eligible for this bonus. This bonus will also depend on the client’s country of residence.
- The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only. Clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd are not eligible for this bonus.
- Free VPS services 24/7
- No commission or fee for withdrawal or deposit
XM Group is a reliable broker with amazing bonus system and what is more important – really good trading facilities suitable for beginners and more advanced traders. Try it as soon as possible and tell us what you think about it!
XM Key Features
- WELCOME BONUS $500
- XM LOYALTY PROGRAM
- FREE VPS SERVICES
- HIGHEST LEVERAGE 888:1
- SWAP FREE ACCOUNTS
- CENT ACCOUNT
How to get $500 Welcome bonus:
Click this link and register a xm account. Submit your documents and complete the verification. if your account is fully verified then send your account number to email: email@example.com
Little Known Facts About forex trading broker review.
Right before deciding to trade Forex or any other monetary instrument you’ll want to cautiously contemplate your investment objectives, standard of expertise, and hazard appetite. We work flat out to give you valuable details about the entire brokers that we review. As a way to supply you with this cost-free services we get advertising service fees from brokers, which includes many of Individuals listed in our rankings and on this webpage. Even though we do our utmost making sure that all our info is up-to-day, we motivate you to definitely verify our information and facts While using the broker instantly.
Bounce right into a demo or a real (small sum) account and start hitting buttons, pulling from huge on line methods whenever you strike a snag or merely a large, Extra fat issue mark.
Traders can make use of other integrated attributes like streaming news, comprehensive technological study from Trading Central and in-residence analysts and pattern recognition computer software from Autochartist, an unbiased exploration provider.
When Instantaneous Execution manner is enabled, market place orders will only be executed with the requested fee or in a person-specified deviation. Traders can determine their own individual rate tolerance and get five digit pricing.
The creator of this review isn’t going to individual stock in almost any from the brokerage companies described here, or in some other economical service firms.
XTB offers a extensive selection of trading choices, with authentic trader chat and training alternatives together with them. This collaboration places the trader in the hot seat and allows them for making better-educated decisions.
Commission-primarily based brokers also often need the highest initial deposits. A few brokers we reviewed, such as Oanda and Nadex, don’t have minimum amount requirements in addition to help you trade any measurement a great deal of currency.
Should you understand what you’re undertaking, Then you can certainly get going with an Ally unbiased brokerage account without having minimum amount deposit essential.
Nadex is definitely an Trade that permits trading in binary choices, contact brackets, and get in touch with spreads. It’s currently only out there by an online trading he has a good point System and lets you trade for $1 for every contract. Although authorized, this type of trading is barely encouraged for specialist traders.
Superior-conclusion trading instruments and perks that will be appealing to adroit traders, like a non-working desk setting. The Superior platform also helps you to personalize and swiftly execute orders, moving Visit Website concerning Assessment to trading with no navigating Home windows.
Considering that the forex current market operates throughout the clock, it’s critical Check Out Your URL to have the ability to get aid when you’re trading. Several brokers supply telephone assistance through hrs the Forex markets are additional resources open and Are living chat.
Forex traders might also use the my latest blog post Metatrader4 System, and that is specifically geared toward Forex trading and includes Highly developed instruments that may help you control your orders. In addition, it integrates with third-party indicators and analytics.
A single draw back nonetheless, is The dearth of customer support. Just two several hours per day, 6 days a week by means of telephone and electronic mail.
Standard knowledge states that high returns are constantly related to superior hazards. There is no dearth of challenges inside the forex sector. Here is transient on a couple of main risks one particular ought to be cautious of while trading forex pairs.