XM Review & Bonus
The Good – You can deposit as little as $5. They pay a bonus for new accounts up to $5000.
Regulation – CYSec and FCA regulated.
Customer Support – 24/5, live chat, email and 14 languages. Automated trading.
Accounts – Demo and real accounts. Client accounts protected and guaranteed in Barclay’s Bank. You have 24/7 access to your account. Personal account managers.
Leverage – 888:1, quite unique.
The company has a host of operating regulations in place including CYSec, FSA UK, MiFID and the BaFin of Germany. They are credited with having the best execution policy for trade orders in real time.
XM also offers commodity trading, precious metals, energies and stock indices in addition to the forex trading. The reason for their outstanding performance is because they can execute 99.35% of their orders in less than a second. Impressive!
The multi award MetalTrader4 is the basic platform and can be operated with an unlimited number of demo and real accounts. Expert Advisors is also supported.
The list of trading software gives clients some real choices:
- MT4 Terminal
- MT4 For MAC
- Web Trader
- iPhone Trader
- iPad Trader
- Droid Trader
The XM Trader allows multi account management.
Spreads and Leverage
XM came up with a rather different leverage figure of 888:1, the significance of the figures pointing to a Chinese influence with lucky numbers, perhaps. A trader has over 60 currency pairs available and over 100 financial instruments available to play with using online trading and utilising 7 advanced trading platforms.
XM provides tight spreads as low as 1 pip on the major currency pairs but generally the spread is 1.9 pips.
Deposits and Withdrawals
There are no upper limits to deposits and all the normal cards and bank transfers and a host of web types of account dealings. You can have as low as $5 in your account. You get negative balance protection and no hidden fees or commissions.
You can join XM in almost any language with multilingual account managers available for demo and actual accounts. Support is 24/5. They have an enormous amount of training material, news, analysis and other educational material available for Beginners and experienced traders.
XM has achieved in a relatively short time a reputation for Forex broking that makes them the envy of longer established brokerages. They rate very highly in surveys with customers and operate with integrity and transparency.