XM Broker Review

 

XM reviews and ratings, a forex trading broker rated and reviewed by forex traders. Sign In. Home. News; Economic Calendar On Feb 18, , I opened an live account for forex trading in this company, the account manager is very friendly with me, but when I deposit the money to my account, they attitude chang very cold to me, I sent /5.

Functional cookies These cookies are essential for the running of our website. What can you trade with XM? To achieve a B rating: Sometimes they would take secs and others just timed out. This is what makes analysis very difficult.

Get More than a Forex and CFD Trading Account at XM

I am sharing my experience and review about forex broker XM. XM Review, XM Spreads, XM Regulation, XM Account Types. XM Forex is headquartered in United Kingdom, regulated by CySEC, ASiC and FCA. Ranking: 2. Open Account. XM Review & Author's Comment/

See popular brokers for trading gold. See popular brokers for trading DAX Spreads are dynamic and are for informational purposes only. When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage sometimes called a rollover fee or swap rate.

To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice. XM also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move. XM allow you to execute a minimum of trade of 0. This may vary depending on the account you open.

XM allow you to execute a maximum trade of 50 Lot. As a market maker XM may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website. XM also offers a number of useful risk management features, such as stop losses with trailing stops , limit orders negative balance protection price alerts and much more.

You can see all of the account features offered by XM and much more. You can see all of the account features offered by XM here. To start the process of opening an account with XM you can visit their website here. Many Forex traders will first note that as XM Group is located in Cyprus, it is fully covered by the stringent regulations required within Europe.

Thus, clients can rest assured that their security will never be put into jeopardy. Let us take a quick look at some of the basic features of this platform which are important to note when considering XM as an online broker. Web Trader is excellent due to the fact that a client can access real-time market information directly through the website without having the need to download any software. This is ideal for those with limited hard disk space or who wish to access their account through a smartphone.

MetaTrader 4 is one of the most popular systems currently in place. Not only are all prices and movements clear, but its user-friendly nature will vastly increase the performance of any trader. It should be noted that both manual and automatic trading options are available through MetaTrader 4.

This is aimed at those who are learning the forex markets and wish to trade micro lots. As the name suggests, this is the type that is primarily used by seasoned traders who are willing to expose themselves to a moderate amount of risk with standard lots.

One of the primary differences with this account is that larger contract sizes are available. Demonstration accounts are also available. These are intended for those who wish to try out the platform before making an ultimate decision. It should be mentioned that XM also offers Islamic accounts for those who wish to trade under the principles of Sharia law. As with most online Forex brokers, the spreads will depend upon the trading system and the type of account. Spreads can start as low as zero pips on a zero spread account.

An added benefit in regards to these pips is that fractional pricing is available; five digits are provided as opposed to the standard four digits offered in other sites. Both fixed and variable spreads can be chosen by the trader. There are no commissions charged by XM. Instead, the company makes a profit on the spreads of the trades themselves. There are therefore no hidden fees and the gains or losses which a trader makes are quite real. There are several different instruments that can be traded through XM.

Some of the most popular are:. There will be no re-quotes and all figures are as they stand upon the execution of a position.

Due to the use of the previously mentioned trading platforms, there is little lag times between the observed prices and their actual market equivalents. XM boasts appreciable levels of client engagement and support. A live chat widget, email and telephone number are offered as standard to clients of all account levels. One of the most interesting features of this support is that currently XM provides customer service in no less than 20 different languages.

These support services are only available from Monday through Friday. Any requests put forth during the weekend will be addressed on the next business day. XM Group is quite a popular online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, easily manageable platforms, and no order rejection.

Still, there are some downsides to be noted. As mentioned previously, the use of PayPal for money transfers is currently not supported. There is little difference besides the risk and trading volume of the three account types. Finally, the fact that customer support is only available from Monday until Friday may slightly aggravate some traders who wish to execute positions during the weekend.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice. All information collected from www. And the number of indicators on platform are very limited.

This is what makes analysis very difficult. The commissions also are too high. There is not Holy Grail for traders. Don't get fooled by XM promotions! These are all for advertisement purpose. They said you had an account before. Read their terms and conditions first! I would say that this is the best broker but sometimes its variable spreads can suddenly become high!

Though, it should be mentioned that at average they are really tight. I am trading on standard account. I can get the best prices by applying fractional pip pricing with 5 digits. There are really no requotes, no commissions and no hidden costs.

I feel relaxed here because I do not expect any unpleasant tricks with order execution or slippage as it can be with other brokers. Sometimes I turn to expert advisor trading. It is rather reliable and reasonable, makes profit for me. I like forex world championship here hold every month. The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.

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