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XM group or XM.com is the only place where trading meets simplicity. With access to live agents, a mobile site, and the ability to leverage trades, XM is one of the best places to amalgamate your assets and leverage them for maximum possible gain.
You may be wondering what features XM group has to offer, and how it is better than other platforms, so we have compiled a thorough list to explain all benefits and reviews of XM so that you are better informed in making your decision.
First of all what are the origins of XM? Read below to find out!
What is XM?
XM Group consists of a team of meticulously regulated online brokers. XM.com gives its clients the entire MetaTrader platform suite which is created by MetaQuotes.
XM.com has quickly progressed into an incredible online multi-asset brokerage which offers over 400 securities and instruments, which includes 57 currency pairs and as many as 356 CFDs. 5 CFDs available on cryptocurrencies are also offered which covers the big coins: Bitcoin, Ripple, Litecoin and Ethereum.
The developing XM brand, or XM Group, is the name that Trading Point Holdings Ltd trades under.
XM group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in Cyprus in 2009 and is regulated by CySEC with license number 120/10.
Trading Point of Financial Instruments Pty Ltd was established in Australia in 2015 and is regulated by ASIC with license number 443670. Trading Point of Financial Instruments UK Ltd was established in United Kingdom in 2016 and is regulated by the FCA with license number 705428.
Trusted by more then 1,000,000 traders
There are over 1,000,000 clients that trust and use their platform with over 150,000,000 trades executed.
XM boasts itself on never having countered, rejected or requoted a single trade.
Trust Score Trading
A trusted and reputable Forex broker is paramount to your success. At XM, they understand there are many scams and tricks that are prevalent in the industry, and XM works hard to gain your trust and keep you well protected. According to ratings from the independent site, ForexBrokers.com, it maintains the largest impartial regulatory database available on the internet. Created using twenty-eight important variables, they have developed a proprietary and unbiased 1-100 score of trusty and reputable criteria that they have named the “Trust Score”.[column md=”4″]
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After careful analysis of XM.com, we have taken a look at the cost structure, trustworthiness, reputation, platforms, customer service, and many other features and characteristics and we have given the brokerage an incredible trust score of 71 of 100.
Benefits And Outstanding Features
XM group is one of the leaders and best brokers for online commodity trading and Forex which offers a plethora of new-age features for trading Forex, Equities, CFDs, Commodities derivative CFDs, Stock indices CFDs, CFDs for precious metals, CFDs for energies and CFDs for cryptocurrencies.
No undisclosed fees
What makes XM ahead of its competitors is that there are no countered re-quotes or rejections of any trading orders, no other undisclosed fees, and commissions, with a high approval rating of over 99.35% of orders that are executed instantaneously, guaranteeing you the best-filled price according to your specifications.
XM Group Leverage applies to all the EU regulated entities of the group. Leverage depends on the financial instrument traded on its various platforms. More than 60 forex currency pairs and greater than one hundred financial instruments can be actively traded both online as well via phone on 8 advanced trading platforms.
There are no maximum upper limits on allowable deposits.
Whether you are just starting out, or are a seasoned trader, both types of traders can equivocally benefit from state-of-the-art services and also from equal trading conditions, regardless of the platform being a full-service account or a paper-trading demonstration account.
Quick Registration is readily available in seventeen different languages, and trading can begin with only a minimum deposit of USD $5 for Micro and Standard account and $100 for XM Zero account, or alternatively on a non-expiring demo account that is funded with USD $100,000 practice credits.
Clients are also able to benefit from the tightest spreads, which can be as low as 0 pips on major currency pairs.
Clients can benefit from three different account types for forex trading.
Donning customized trading conditional orders and contingencies with the following basic currency options:
ZAR, SGD, RUB, PLN, HUF, AUD, CHF, JPY, GBP, EUR, USD
Currency accounts are as follows:
A MICRO account named for its micro lots, which have 1,000 units in a lot of the given base currency), a STANDARD account named for its standard lots, which have 100,000 units in a lot of the accompanying base currency) ZERO account named for the tightest spreads, even up to 0 pips, a Zero accounts have a $3,5 commission amount for every $100,000 traded.
With the tightest spreads on more than 60 pairs of Forex currency, the spread can reach as low as 1 for Micro and also the Standard accounts, and the lowest spreads approaching, or even at, 0 for the Zero account.
XM is also the provider of fractional pricing (pips) which allows clients to trade with much tighter spreads and simultaneously can benefit from the most accurate, and crucially important, quoting possible.
About the Platform
Clients of XM platform are able to trade using up to sixteen trading platforms that support various order types, including limit, stop, market and trailing orders, which are all accessible using a singular account, speeding up all trading activities, giving all traders tremendous mobility and flexibility allowing them to trade from anywhere around the world, at all times of the day, with incredible speed and ease.
About the demo account
At XM, the multi-nominated and award-winning Metatrader 4 platform lets users operate an unlimited number of full-service and demonstration accounts, with Expert Advisors (EAs) supporting you every step of the way.
Creating an Account, Practice or Full-Service?
Before opening an account you need to decide whether or not you want to practice trading or start with a full-service account to start trading in the live markets.
For new traders, we always recommend starting with a paper trading demo Forex account. This is the best way to learn about trading. It is not advisable to open a full-service account until you are sure about the platform and are consistently making net-profitable trades.
You can open a Demo account with USD $100,000 in virtual money to practice with. Trading bonus are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
XM- Unbeatable Platforms
The incredible platform line-up at XM is not only impressive, but it also provides many choices: MT4 Terminal MT5 The MT4 available for Mac Web Trading iPhone Trader iPad Trader Droid Trader and other Mobile Traders XM Group has many account traders and clients that are supported by an experienced team of EAs (Expert advisors) XM is a MetaTrader-only broker offering the standard, out-of-the-box experience.
This means it offers the suite of platforms from MetaQuotes Software Corporation, developer of the popular MT4 and MT5 platforms for desktop, mobile, and web.
MetaTrader 4 and MetaTrader 5
While MetaTrader 4 and MetaTrader 5 come standard, with little variation in functionality from broker to broker, there can be significant difference in the way the platform sets up for trading various tight spreads and other commissions, execution, and other tools, features, and administrative areas.
Traders and users that are looking for a strictly regulated MetaTrader broker that offers both the MT4 and MT5 are choosing XM for its availability of many markets and competitive pricing on its Zero account. Although XM offers more than four hundred instruments, which includes fifty-seven currency pairs and CFDs on five cryptocurrencies, the broker still trails behind brokers who offer several thousand instruments.
XM trading app
Yes, There Is Mobile Trading! Since XM is a MetaTrader-only broker, the iOS and Android versions of the MT4 and MT5 mobile apps come standard and are both available for download from the Apple iTunes store and Android Play store, respectively.
Deposits and Withdrawals At XM
They offer negative balance protection for there traders, letting them have peace of mind and less anxiety in the case of a negative account balance. the no requotes and no additional hidden fees or commissions policy, coupled using the stringent and real-time quick to market execution policy makes XM rank among the most well respected and sought-after forex brokers.
Their traders can largely benefit from there speedy XM trading service by not needing to worry about having trades counter with re-quotes, hidden fees or other undisclosed commission.
These great benefits are coupled with stringent real-time market execution policies which make XM rank among the highest, most prestigious and also the most sought after, currency and foreign exchange brokers.
Funding your account is a fully automatic process which is available 24/7, with withdrawals being processed with 24 hours on working days.
Traders can benefit from various payment options that are correct for your style and choice, with wide geographical coverage: including Debit/Credit Cards, Skrill, Neteller, Bank Wire transfer, etc. XM recently introduced the local bank transfer option, which enables the investors to be able to fund their accounts using their own local banks that are available in fifty-eight countries across the globe and in their respective local currencies.
There are absolutely zero hidden fees or other commissions for funds that are transferred, and rest easy, as all transfer fees are 100% covered by XM.
This award-winning service cannot be matched and gives its customers incredible peace of mind that they only need to focus on trading, not fees, transfers and other paperwork that would plague other brokerages.[icon name=”check-circle” class=”” unprefixed_class=””] Professional And Understanding [icon name=”check-circle” class=”” unprefixed_class=””] Customer Support Multilingual [icon name=”check-circle” class=”” unprefixed_class=””] Account Managers
Provide personalized service at both the full service and demo account types via live chat, or other avenues such as telephone or by email in over 14 languages, assisting with the professional support 24 hours a day during there 5 business days of operation.[column md=”4″]
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Leading training and market analysis
At XM trade they care about the clients’ education and want them to be as informed as possible, leveling the playing field and making even those beginner traders into seasoned professionals in just a short amount of time.
XM’s research offering consists mostly of content generated by an in-house team of analysts, including daily market recaps and technical and fundamental analysis articles and videos. Compared with previous years, XM group has expanded its research offering with the addition of more in-house analysts covering markets with technical and fundamental analysis.
Extensive educational material at your fingertips
Rich and extensive forex educational material are available at every clients’ fingertips, using free weekly and interactive webinars, as well as uniquely (FREE) developed MT5 and MT4 tutorials as video or written.
Try its multilingual economic calendar, as well as the Forex news and market analysis reports, provided by XM financial experts. XM helps its clients to follow and recognize market changes to be able to learn and adapt their trading strategies accordingly.
The staff at XM (alias: Trading Point) is fully committed to satisfying all of your trading questions and needs with transparency, integrity, and the utmost determination to provide excellent service.
The XM firm quickly blazed past its developmental stages, which is evidenced by the submission of greatly favorable reviews, being rated within the “7 out of 10” on the trust scale, from its satisfied clients via Internet review sites.
XM Benefits:[icon name=”check-circle” class=”” unprefixed_class=””] Licensed in the EU Tight Spreads from 0 Pips Flexible Leverage options up to 1:30 [icon name=”check-circle” class=”” unprefixed_class=””] A commissionable charge is available to our Zero account types $30 welcome Bonus, terms up to $5,000 (terms and conditions apply) [icon name=”check-circle” class=”” unprefixed_class=””] Real-time 24 Hour Support [icon name=”check-circle” class=”” unprefixed_class=””] No trades countered with Re-quotes [icon name=”check-circle” class=”” unprefixed_class=””] Fast and Easy Withdrawals [icon name=”check-circle” class=”” unprefixed_class=””] Personal Account Managers [icon name=”check-circle” class=”” unprefixed_class=””] Trading available through phone [icon name=”check-circle” class=”” unprefixed_class=””] Commissions other types of fees
The reported commissions and other fees at XM Group pertain to the specific type of account available.
There are three accounts listed which include the commission-free Standard and Micro accounts, and the commissionable Zero account type.
In the Zero account type, the average spread on EUR/USD is listed as 0.1 pips which include commission, comparable to the zero-commision Micro and Standard account, which had an average spread of 1.7 pips for the same pairs in the other account types.
XM offers more than four hundred instruments
Once we include the USD $3.5 commission ($7 per to open and close a position), and the average spread of 0.1 pips on the EUR/USD, the whole cost to trade relatively is 1.1 pips (0.1 spread + 1.0 open and closing commissionable trades), which make the Zero account the firm’s most effectively competitive offering.
It is undoubtedly worth to note that XM Group acts as the sole principal dealer in all of its trades that are executed, and they offer peace of mind through no re-quoting which is across all account types acting and executing orders as a dealer or market-maker.
This competitive advantage allows XM group to offer lower and incredibly tight spreads under specific market conditions. To summarize, both available account option types are useful, depending on clients’ needs.[column md=”4″]
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Positions and Conclusion
XM allows each client to hold up to 200 positions at a time, including pending orders.
The firm also can fill up to 50 standard lots (five million units) at a time, for market, stop-loss, and limit orders, and offers phone trading to traders wanting to place trades.
XM holds regular international seminars and workshops, which offer clients the opportunity to meet the firm’s representatives and learn more information on the company’s offerings and signup opportunities.
In 2017, XM group launched CFDs on major cryptocurrencies including Bitcoin (BTCUSD), Bitcoin(BCHUSD), Ethereum (ETHUSD), Litecoin (LTCUSD) and Ripple (XRPUSD), offering investors and traders the ability to gain exposure to digital assets without owning the underlying.Tags: best forex broker xm, is xm forex free, what is xm forex, xm broker forex, xm forex, xm forex bonus, xm forex broker, xm forex broker bonus, xm forex broker regulation, xm forex broker review, xm forex login, xm forex review, xm forex trading, xm forex trading broker, xm trading review