Leader in the Forex industry !
- CySEC Regulated under the license # 120/10
- FCA Regulated under the license FRN 538324
- Fully Regulated
- $30 Trading bonus - No deposit required
- Up to 120% Deposit bonus up to $5,000
- Leader since 2009
- Paypal not supported
- 5$ / Month inactivity fee
XM, formerly known as XEMarkets, is part of Trading Point Holdings Ltd with their headquarter in Cyprus. It is regulated by CySec, ASIC in Australia, FSP in New Zealand, and FCA in the UK.
XM has 5 offices around the world (Cyprus, UK, Australia, Hungary and Greece). XM support is available in more than 30 languages and they are welcoming all FX traders from around the world.
XM offers 2 types of accounts :
- The Micro trading account which is suitable for beginners who wish to generate profits with a relatively low level of risk.
- The Standard account which is for the experienced and professional traders with a more in-depth knowledge of the financial markets.
The Micro account has a contract size of 1000 and leverage of 1:1 to 1:888 ($5 – $20,000) while the contract size for the Standard account is 100,000. The same leverage applies.
Both accounts have a minimum deposit requirement of $5, a spread of 1 pip on all major pairs, and a maximum open/pending order of 200 positions.
XM offers a free demo accounts that can be use either by the two accounts.
XM platform gives access to the MetaTrader4 trading platform but also FX Arena is allowed to use on XM platform.
XM is a trustable FX broker and they have a solit background of accomplishments such :
The XM management has visited over 120 cities around the world to connect with their clients and partners in order to interact with them on a face to face basis. They have hosted more than 100 seminars to educate traders, enabling them to make better trading decisions. These activities have helped XM reach the highest levels of client retention of any Forex broker, anywhere.
In fact, XM prides itself on having over 300,000 real accounts opened to date from 196 countries and over 150,000,000 trades executed with zero re-quotes or rejections, ever.
XM offers over 100 financial instruments and no commissions or hidden fees.
At XM the minimum deposit amount to $5 for electronic funding such as Moneybookers, Skrill and Neteller as well as credit cards and bank wire transfers. Moneygrams and Western Union payments are also accepted. Withdrawals can be made using the same methods.
XM is a leading force in the online trading sector and is committed to the people it serves. The UK based organization, Investors in People, has recognized XM for its efforts in helping their clients to realize their full potential and achieve their goals.