XM is an online forex broker owned by Trading Point of Financial Instruments ltd and founded in 2009.But started operating online in 2012 and is now securely established as a legitimate contender in the massed foreign exchange marketplace.
It is regulated by ASIC,443670,BaFin,124161,CNMV(Spain),2010157773,CySEC,120/10,FCA(UK),538324 and FSP(New Zealand),FSP235905.Its main offices are located in Australia,Cyprus,Greece and Hungary. This regulated and firmly established broker offers over 100 financial instruments for their customers to exchange with.XM don’t accept USA traders; nevertheless foreign exchange traders of all levels worldwide are welcomed.
XM is distinguished by transparent and high competitive exchanging conditions, providing customers funds protection contingent upon firm insolvency. They present an exceedingly small minimum deposit of only $5 and three different accounts: Micro, Standard and Executive. The spreads are as low as one pip for mains under common market conditions. Hedging is acknowledged and the bargaining chip goes as high as 1:888(not sure why the number was chosen).The platform utilized is the well-known Meta Trader 4.They also provides web based platform for trading as well as the mobile version.
Adversely, XM is focused in offering “Islamic Accounts”. These accounts are anticipated particularly at traders pursuing the Islamic belief, where exchanging is contemplated “Halal” (translated as “allowed” or “permissible”) .These forex accounts are indeed named “swap-free” accounts. They permit no rollover or swap interest on momentary positions, as this is in contrast to the Islamic belief. If you would be interested in swap-free account, set up a trading account and contact XM support team on the application process.
XM value trading effectiveness and provides their clients with an incredible user experience.This is recognized as they provides a thorough range of trading tools,cutting edge foreign exchange trading platforms and a professional customer services.They also allow 24hrs of trading,five consecutive days a week and the capability to exchange on margin.XM incorporates their major foreign exchange operations by providing CFD trading,which provides their traders with the convenience to exchange with financial products for instance indices,energies and precious metals.
Currency Pairs
- AUD/CAD
- AUD/CHF
- AUD/JPY
- AUD/NZD
- AUD/USD
- CAD/CHF
- CAD/JPY
- CHF/JPY
- CHF/SGD
- EUR/AUD
- EUR/CAD
- EUR/CHF
- EUR/DKK
- EUR/GBP
- EUR/HKD
- EUR/HUF
- EUR/JPY
- EUR/NOK
- EUR/NZD
- EUR/PLN
- EUR/SEK
- EUR/SGD
- EUR/TRY
- EUR/USD
- EUR/ZAR
- GBP/AUD
- GBP/CAD
- GBP/CHF
- GBP/DKK
- GBP/JPY
- GBP/NOK
- GBP/NZD
- GBP/SEK
- GBP/SGD
- GBP/USD
- NZD/CAD
- NZD/CHF
- NZD/JPY
- NZD/SGD
- NZD/USD
- SGD/JPY
- USD/CAD
- USD/CHF
- USD/DKK
- USD/HKD
- USD/HUF
- USD/JPY
- USD/MXN
- USD/NOK
- USD/PLN
- USD/SEK
- USD/SGD
- USD/TRY
- USD/ZAR
Account Currencies
- Australian dollar
- Euro
- Great Britain pound
- Hungarian forint
- Japanese yen
- Polish złoty
- Russian rouble
- Swiss franc
- United States dollar
Payment Options
- CashU
- Credit/debit cards
- FasaPay
- giropay
- iDEAL
- Moneta.Ru
- Neteller
- paysafecard
- QIWI
- Skrill
- SOFORT
- UnionPay
- WebMoney
- Western Union
- Wire transfer
Support Methods
- Callback
- Live chat
- Phone
Support Availability
Support is available in:
- Arabic
- Chinese
- Dutch
- English
- French
- German
- Greek
- Hindi
- Hungarian
- Indonesian
- Japanese
- Korean
- Malay
- Polish
- Portuguese
- Russian
- Spanish
Why Trade At XM?
Overall exchanging conditions are those of a trustworthy trader but nothing stands out as exceptional or very creative.Nevertheless, they do cater for newbie’s and proficient forex traders as well as portfolio managers through their remarkably adequate and technologically cutting-edge platform. Take advantage of their immense appealing bonus and start your forex trading career.
