|Legal Company Name||Trading Point of Financial Instruments UK Limited|
|Offices Locations||Cyprus,UK, Australia|
|Regulators||EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670|
|Broker Type||Dealing Desk|
|Minimum Spread||0.0 pips|
|Deposit & Withdrawal||Bank wire, Visa/Mastercard, Skrill , Neteller|
|Trading Platform||MetaTrader 4, MetaTrader 5|
*Leverage limitations apply to all the EU regulated entities of the group
XM Group lets traders deposit as little as $5 to open an account, awards leverage up to 500:1, and even offer a bonus for new accounts up to $5000. A fully regulated brokerage by ASIC, CySEC and the FCA, XM Group offers both demo and real accounts to suit most traders including those interested in tight spreads and automated trading. At XM client funds are the top priority. XM Group partner with investment grade banks and use segregated accounts to ensure security, and your relationship with XM Group is overseen by your personal account manager and customer service standing ready 24/5, live chat, email and 30 languages. A very solid broker and one we recommend highly.
XM Group also offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Cryptocurrencies and Energies CFDs. The reason for their outstanding performance is because they can execute 99.35% of their orders in less than a second. Impressive!
XM Group has 3 accounts to choose from, making it simple to chose the account for you and offering the appropriate amount of diversity.
Micro account: Open this account with a $5 minimum deposit, and trade in micro lots on the XM platform.
Standard account: Also with a minimum deposit of $5, this account offers traders larger lots on this seamless platform.
Zero account: With a minimum deposit of $100, this account offers traders 0 pip spreads on some of the major currencies allowing for maximum profitability in your trading.
All accounts have a swap-free Islamic option and all allow hedging.
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. They are credited with having the best execution policy for trade orders in real time.
The list of trading software gives clients some real choices:
- MT5 Platform
- MT4 Terminal
- MT4 For MAC
- Web Trader
- iPhone Trader
- iPad Trader
- Android Trader
The XM Trader allows multi-account management for those who want to manage more than one trading account at a time.
Spreads and Leverage
XM Group has a leverage figure of 500:1 (Leverage limitations apply to all the EU regulated entities of the group). A trader has over 60 currency pairs available and over 700 financial instruments available to play with using online trading and utilizing 16 advanced trading platforms.
XM Group provides tight spreads as low as 0 pips on the major currency pairs but the spreads will be higher for accounts other than Zero Accounts.
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. XM Group accepts Local Payment Methods including Credit/Debit Card, Neteller, Skrill, and Bank Wire Transfer.
You can join XM Group 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.
The company has a host of operating regulations in place including Australia’s local regulator ASIC under license number 443670. If you are a resident of Australia, your account will be opened under the ASIC regulated company. Other regulators from around the world regulate the group’s daughter companies in the XM group.
In a relatively short time, XM Group has achieved a reputation as a brokerage that makes them the envy of longer established brokerages. They rate very highly in surveys with customers and operate with integrity and transparency.