XM Review

XM
Meta Trader and mobile
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Overview

XM (formerly XE Markets) forex launched in 2009 and is a regulated Forex broker based in the EU (Cyprus). Particulary good for 1st time trader bonus offers- there’s a $30 no deposit offer, a 50% bonus to $500 and a 20% bonus to $5000.
Trading Platforms
This broker has one of the best choice of platforms for traders on the market- it’s a real powerhouse in this area. Choose from Metatrader4 (MT4), their own Web Trader (browser based), a Mobile Trader, a Mirror Trader (follow and copy traders) and apps for iOS and Andriod phones and tablets.

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Details

Broker XM
Website URL http://www.xm.com
Founded 2009
Headquarters 12 Richard & Verengaria Street Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus
Support Types Phone , Fax , Email support@xemarkets.com
Languages English , Arabic , Malay , Ελληνικά , Magyar , Русский , Bahasa , Français, Italiano , Svenska, Deutsch, Polski , Español, Português, Türkçe , Japanese , Chinese , Korean
Trading Platform Desktop, Web Trader. iPhone, iPad, Android, MT4, Zulutrade, MAM
Minimum 1st Deposit $5
Minimum Account Size $100
Minimum Trade Amount 1000 (micro lot)
Bonus Meta Trader and mobile
Leverage 1:888
Spread 1 pip majors
Free Demo Account Open Demo
Regulated Yes
Regulation In compliance with MiFID, FSA, BaFin, CNMV, AFM, FI, FIN
Deposit Methods China UnionPay , Credit Cards , iDEAL , Liberty Reserve , Skrill , MoneyGram , Neteller , SOFORT , WebMoney , Western Union , Local Bank Transfer and Wire Transfer
Types of Assets Forex, CFDs, Equities, Energy, Precious Metals
US Traders Allowed No
Overall Score 97

Pros

  • Fast
  • Lots of platforms available (web, MT4, iPad, Android
  • 3 Bonus Options ($30 no deposit, bonus up to $5000)
  • Many web wallets covered

Cons

  • No Paypal option

Full Review

XM (formerly XE Markets) forex launched in 2009 and is a regulated Forex broker based in the EU (Cyprus). They are also registered with the Federal Financial Supervisory Authority of Germany (BaFin) and UK’s Financial Services Authority (FSA).
Trading Platforms
This broker has one of the best choice of platforms for traders on the market- it’s a real powerhouse in this area. Choose from Metatrader4 (MT4), their own Web Trader (browser based), a Mobile Trader, a Mirror Trader (follow and copy traders) and apps for iOS and Andriod phones and tablets.

Metatrader 4
The Metatrader 4 Forex trading platform is one of the world’s most popular trading platforms. Trade with MT4 at XE Markets on a manual trading or automated trading with Expert Advisors (EAs) setting

Web Trader
The XE Markets Web Trader works in your browser- there is no additional software to download.

Mobile Trader
If you want to trade on the move, on your Android device,  iPhone, or iPad (and other mobile devices), you are covered.

Mirror Trader
The XE Markets Mirror Trader allows you to follow and copy the signals of the more experienced traders. You can copy the “buy” and “sell” signals of those traders that you select to mirror. The platform also has sophisticated analytical tools taht enable you to pull apart and evaluate the performance of the different traders on the platform.

MAM Trader
Pro traders with more than one account can make use of the XE Markets MAM Trader Trading Platform. Manage multiple accounts simultaneously.

Zulutrade
Zulutrade is a forex socail platform that helps you follow successful traders. XE Markets is fully compatible.

XEMarkets Account Types
Choose between 3 types of trading account with XEMarkets, suitable for most levels:

Micro Trading Account
Low risk trading/learning. Begin with an initial deposit of just $5.

Standard Trading Account
For more experienced traders. Trade with larger contract size.

Executive Trading Account
Executive Trading Accounts are for bigger players. Trade in larger volumes, with an initial minimum deposit of $100,000.

Other Types
Islamic Accounts
XE Markets also offers Islamic trading accounts that comply with Sharia principles.

Managed Accounts
If you lack time to trade for yourself, you can also open a  managed accounts run by a professional account manager who will help you with your trades and funds management.

Demo Accounts
Open a Demo account to test the XE Markets forex platform. Test out your trading strategies with no reisk. You are provided with $100,000 in virtual money to simulate real trading conditions.

Commission & Spreads
XE Markets do not charge a commission. Instead, they make their money from the spread. Spreads start from as low as 1 pip. You can choose between a fixed spread or variable spread option, and XE Markets also offer fractional pip pricing so currency pairs can be priced to 5 digits rather than the normal 4.

Customer Support
A global customer support team, with many languages supported including: Arabic, Bahasa Indonesia, Bahasa Malaysia, Chinese,
English, French, German, Greek, Hungarian, Japanese, Korean, Polish, Portuguese, Russian, Spanish.

Deposit Options:
China UnionPay, Credit Cards, iDEAL, Liberty Reserve, Moneybookers Skrill, MoneyGram, Neteller, SOFORT, WebMoney, Western Union, Local Bank Transfer and Wire Transfer.

Funds Withdrawal
China UnionPay, Credit Cards, iDEAL, Liberty Reserve, Moneybookers Skrill, Neteller, SOFORT, WebMoney and Wire Transfer.

Pros
$30 No Deposit
50% on all deposits up to $500
20% up to $5000
Fast trade execution
Leverage up to 888:1

Cons
No Paypal funding options

Conclusion

XM is a first class program with more tools than most that suits a wide range of trading abilities- this is a broker you can grow with.  A strong player and recommended for their advanced suite of tools and trading paltform options.

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