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.
- 8 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
Broker review
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 |
Maximum Initial deposit | USD 100,000 | USD 100,000 | USD 100,000 |
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 (000261/106)
Spreads
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.