XM MT4 Broker | Forex broker review 2018

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XM MT4 Broker | Forex broker review 2018

XM is CySEC,FCA,ASIC regulated forex broker.They are independent broker and they are in industry since: 2009.They don’t accept U.S clients.They offer $5 minimum deposit and their base currencies are AUD,CHF,EUR,GBP,JPY,USD,HUF,PLN,RUB.They provide maximum leverage 888:1.

 

 XM Broker was Launched in 2009,

XM is the trading name of Trading Point Holdings Ltd., a Cypriot Investment Firm (CIF), registered in the European Union and licensed by Cyprus Securities and Exchange Commission (CySEC).

The company has also set up an units in Australia and in the United Kingdom - Trading Point of Financial Instruments PTY LTD which are  regulated by the Australian Securities and Investments Commission (ASIC), and Trading Point of Financial Instruments UK Limited, which got licensed by UK’s Financial Conduct Authority (FCA) in 2016.

As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes  which works are your insurance in case the totally mess up and go out of business

. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clients of authorized financial services companies.

The  Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR. So a long as you stay with your investment below this amount you are fine no matter wha , the point is of course to make millions , XM MT4 Forex Broker has a good reputation with the regulators which should not be underestimated.


Open real account with XM MT4 broker


Trading Accounts

XM MT4 Broker offers its clients three types of accounts to choose from: Micro, Standard and Zero.

You may choose from commission-free trading (in Micro and Standard accounts) or tighter spreads, involving commission fees and higher initial deposit (Zero account).

The broker offers high leverage levels and floating spreads. Beginners can sign up for Micro accounts with as little as $5 which is perfect to see if this broker is the broker for you., and micro lots are available for trade on all accounts.

What is more, swap-free (Islamic) accounts are available, designated for clients who are not willing to earn interest for religious reasons.


XM MT4 Trading Conditions

Minimum Initial Deposit 
when you open an account with XM MT4 you have to invest at least $5. Honestly, if you do not have more the $5 don’t think about trading. I like the low entry amount only because you are able to start and test them without hardly any investment.

on the other hand, it shows me that they are very confident in their offering and trading service & conditions for people to end up investing more than just the $5


Spreads & Commissions
This broker offers variable spreads.

The typical ones on commission-free accounts amount to 1.7 pips on EUR/USD, which is somewhat high but high but there a re brokers like etoro that ask for 3 Pips

the conditions on the Zero account spreads averaged 0.1 pips on EUR/USD and commission $5 per standard lot traded (per side). see all the details here below

Micro Account Standard Account XM Zero Accounts
Base Currency Options USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR
USD, EUR, JPY
Contract Size 1 Lot = 1,000 1 Lot = 100,000 1 Lot = 100,000
Leverage 1:1 to 1:888 ($5 – $20,000)
1:1 to 1:200 ($20,001 - $100,000)
1:1 to 1:100 ($100,001 +)
1:1 to 1:888 ($5 – $20,000)
1:1 to 1:200 ($20,001 - $100,000)
1:1 to 1:100 ($100,001 +)
1:1 to 1:500 ($100 – $20,000)
1:1 to 1:200 ($20,001 – $100,000)
1:1 to 1:100 ($100,001 +)
Spread on all majors As Low as 1 Pip As Low as 1 Pip As Low as 0 Pips
Commission no no yes
Maximum open/pending orders per client 200 Positions 200 Positions 200 Positions
Minimum trade volume 0.01 Lots (MT4)
0.1 Lots (MT5)
0.01 Lots 0.01 Lots
Lot restriction per ticket 100 Lots 50 Lots 50 Lots
Hedging allowed yes yes yes
Islamic Account Optional Optional Optional
Minimum Deposit 5$ 5$ 100$

 


Open real account with XM MT4 broker


 XM Trading Platforms

You have the options to trade currencies on both MetaQuotes's platforms - the Metatrader 4 (MT4) and MetaTrader 5 (MT5).

XM MT4 Services

 

XM MT4 is an internationally acclaimed trading software that has become the benchmark for all other trading software, offering a full array of trading tools and features more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them.

Traders can download ready-made or create their own EAs and let the program do all the work, no human emotions involved. The MT4 with XN is availavle in all forms and shapes: desktop, web, and mobile.

XM provides XM MT4 Multi-Terminal, which offers a practical and convenient way to manage multiple accounts simultaneously from a single interface (PAMM).( percentage allocated Management Module)

Besides, free Virtual Private Server (VPS) hosting is offered to both new and existing customers of XM who deposit a minimum of $5,000 and trade at least 5 round turn lots per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.


XM MT4 betterMethods of Payment

 


XM MT4 Forex Broker supports a wide range of payment methods:

credit/debit cards (Visa, Visa Electron, MasterCard, Maestro, China UnionPay, Diners Club International), bank wire transfer and e-wallet payment systems Skrill, Neteller, WebMoneyand many domestic solutions are available, in addition you are able to deposit funds to your trading account through Western Union.

XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards (including VISA, VISA Electron, MasterCard, Maestro and China UnionPay). Additionally, all deposits and withdrawals above 200 USD processed by wire transfer are also included in our zero fees policy.

 


Open real account with XM MT4 broker


XM MT4 Bitcoin Trading Conditions

Margin requirement 33 %
Symbols BTCUSD
Description Bitcoin vs US Dollar
Min. Price Fluctuation 0.00100
Value of Minimum Price Fluctuation USD 0.001
Value of 1 lot 1 Bitcoin
Min/Max Trade Size 0.1/10
Swap Value in Margin Currency Long -4.62
Swap Value in Margin Currency Short -4.32
Limit and Stop Levels** 0.1
Total Volume Limit (per account)*** 20
 Trading time (server time) 00:00-00:00 (GMT +3)
** Only if Margin Level is over 100%

*** Note that the maximum trading volume for BTCUSD per client is 20 lots. This limit will be reviewed on a daily basis and updated according to the value of bitcoin.

If you wish to trade more than 20 lots, please send your request by email to your account manager. Please note, however, that in case you are then allowed to trade more than the limit mentioned above (the value to be determined at the time), your margin will be set to 100%.

 


Open real account with XM MT4 broker


Legal: XM.COM is a trading name of Trading Point Holdings Ltd, registration number: HE 322690, (12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus), which wholly owns Trading Point of Financial Instruments Ltd (Cyprus), registration number: HE 251334, (12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus).

This website is operated by Trading Point of Financial Instruments Ltd.

Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, and registered with FCA (FSA, UK), under reference no. 538324. Trading Point of Financial Instruments Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union.

FCA (FSA, UK), ref. no. 538324 | BaFin reg. 124161 | CNMV reg. 2774.

Risk Warning: Forex and CFD trading involves significant risk to your invested capital.


 

 

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