XM does not accept customers from the United States, Canada and Israel. XM allows its users to invest in more than 100 different financial instruments such as currencies, precious metals, commodities, energies, Forex trading, stock indices, etc.
Why choose XM for your trading?
Access the global markets instantly with the XM MT4 or MT5 trading platforms. XM sets high standards to its services because quality is just as decisive for us as for our clients. We believe that versatile financial services require versatility in thinking and a unified policy of business principles.
Is XM available in my country?
XM is not available in the following countries : US, CA, IL, KR, IR, MM, CU, SD, SY, PT Open XM’s Website Your capital is at risk
What bank accounts does XM use?
Any payments funded to XM accounts by traders are held in a segregated bank account. For added security XM use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength. Your capital is at risk Is XM trading good? XM is considered good and reputable to trade with XM.
Is XM safe to use?
XM safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. XM also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating XM. XM Trading Platform Options
Can US traders use XM?
XM Account Types 1 micro lot is 1,000 units of the base currency. Ultra Low Accounts: XM Ultra Low Accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $5 USD.
Which country is XM?
XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by International Financial Services Commission (000261/158). All countries that are in Eurozone or in EU are provided with special regulation measures for both – gambling and trading websites.
What broker is better than XM?
Here’s our findings. Interactive Brokers holds 8 global Tier-1 licenses, while XM Group holds 3. XM Group holds 2 global Tier-2 licenses, while Interactive Brokers holds 1. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than XM Group.
What is the minimum deposit for XM global?
$5Minimum deposit amount at XMXMFxProMinimum deposit$5$100
Which bank does XM use?
XM.com at a Glance🔎 Broker’s NameXM.com⬆️ Maximum Leverage1:888💰 Minimum Deposit$5 /R80 ZAR💳 Deposit OptionsBank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more.💳 Withdrawal OptionsBank Wire Transfer Local Bank Transfer Credit/Debit Cards Neteller Skrill, and more.20 more rows
Who owns XM forex?
XM is a brand name of Trading Point Holdings Ltd, which owns Trading Point of Financial Instruments Pty Limited (XM Australia), XM Global Limited (XM Global) and Trading Point of Financial Instruments Ltd (XM Cyprus).
Which is better XM or HotForex?
Is HFM (HF Markets) better than XM Group? In our analysis of 23 international regulators across 39 brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. XM Group is considered average-risk, with an overall Trust Score of 87 out of 99.
Can I trust XM broker?
Is XM safe or a scam. No, XM is no a scam. We consider XM a safe broker to trade Forex and CFDs. It is regulated and licensed by severl top-tier financial authorities including FCA, ASIC, CySEC.
Which is better FBS or XM?
FBS provides you with the ability to trade via 5 trading platforms, and XM Group has 3 trading platforms. Both brokers also offer research and trading tools, however XM Group has more. Overall, our experts agree that FBS boasts the better trading platform offering.
Which XM account has Nasdaq?
Why Trade NASDAQ (US100) with XM? At XM we offer NASDAQ (US100) as cash and futures CFDs. Our cash index CFDs are undated transactions that aim to replicate the cash price of the underlying index, and so they are adjusted for interest and dividends.
Does XM accept Bitcoin?
XM does not accept cryptocurrency payments, but you can easily convert your crypto into your base account currency and pay with the card.
How many days does XM withdrawal take?
How long does it take to receive my money after I make a withdrawal request? Your withdrawal request is processed by our back office within 24 hours. You will receive your money on the same day for payments made via e-wallet, while for payments by bank wire or credit/debit card it usually takes 2 – 5 business days.
Is XM safe?
XM are considered safe as they are regulated by and checked for conduct by the International Financial Services Commission (IFSC), Cyprus Securitie…
Can I try XM?
XM offer a demo account so you can try before putting down funding payments. Open a practice account.
What funding methods do XM accept?
Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, F…
How can I start trading with XM?
XM offer a demo account so you can try the XM platform before you put down a payment.
Is my money safe with XM?
XM is regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and…
Is XM trading good?
XM is considered good and reputable to trade with. XMXM is used by over XM active traders. XM offers Forex trading, and CFDs trading. Minimum depos…
Is XM trading Legit?
XM was founded in Cyprus in 2009. XM has been facilitating trade on the financial markets for over 13 years. XM offers clients Forex trading, and C…
Is XM a good broker?
XM is overseen by the top tier financial regulators International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (…
Is XM trustworthy broker?
XM can be considered trustworthy. All money funded to XM is placed into a segregated tier 1 bank account. this means your money in not held by XM d…
What is the minimum deposit for XM?
The minimum deposit to trade with XM is 5.
What is XM trading?
Participating in the forex trading market via a broker like XM means that the client receives access to real-time pricing of the forex market and is quoted buy and sell prices for a number of instruments via an online trading platform. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.
What is exotic forex?
In forex trading, exotic pairs include the less traded currency pairs that include a major currency paired with the currency of a smaller or emerging economy. These pairs usually have less volatility, less liquidity and do not present the dynamic behavior of major pairs and crosses.
What is the largest forex market?
The forex trading marketplace, as it stands today, is the world’s largest and most liquid market due to a number of factors which include, but are not limited to, ease of performing transactions over the internet, the modern development of travelling, ease of international communication and modern transportation, which have made our world a smaller place.
What are major pairs in forex?
Major pairs include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD.
What is broker commission?
Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf. If a market order is not fulfilled by your brokerage usually no commission is charged. Be aware that if your order is modified or canceled, your brokerage may charge a commission fee. XM review.
What is the minimum deposit required for XM?
XM Minimum Deposit. XM require a minimum desposit of 5 GBP/USD when opening an XM trading account. A minimum deposit is the minimum amount of money required by XM to open a new online brokerage account with them. Dont be scared off by brokers like XM charging a minimum deposit to open a trading account.
What is XM trading?
XM is a global highly regulated global online trading platform serving over 3 million traders worldwide. XM offers 16 feature rich trading platforms with very fast order execution speeds with no rejections or requotes. XM are known for their low spreads and commission fees and scalping and hedging is allowed with XM.
Is XM a broker?
One of the most important criteria for traders when choosing a broker like XM is the regulatory body and regulatory status of the broker.
Is XM a market maker?
As a market maker, XM may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.
Who is XM supervised by?
This means XM are supervised by and is checked for conduct by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) regulatory bodies. Regulated brokers will not manipulate market prices.
Do I need to provide any proof of residence?
Since client’s account must be fully authenticated at the time of withdrawal, you will need to provide the most recent utility bill with a date in the past 6 months (invoices with date and time such as electricity bills, water bills, internet or cable TV, etc.) to verify your registered address.
Can I open demo account for practice?
You can open a demo account in just one minute by clicking the Open a demo account button on XM Group official website
How long does it take for you to be able to trade after registering a real account?
If you correctly fill out all the information and are fully prepared before the identification, you can trade within 24 hours (except Saturdays, Sundays and public holidays).
Are there any additional deposits?
You will never risk losing more than your investment because XM Group has Zero Cut support with no additional deposits (Stop Loss level at 20%).
Can I choose the withdrawal method I want?
Yes but subject to conditions. Prioritize withdrawal with the method used for deposit.
What is the highlight of a trading platform?
One of the highlights of this trading platform is an excellent customer service, fast response and very secure. With a wide variety of languages with dedicated native speakers offering support to customers in their own language.
What platform does XM use?
The visualization and research tools offered by the XM broker are mainly related to those offered by its platform, MetaTrader 4. This is the case for most web brokers, who rely on one platform or another according to the needs of their audience.
How much money do you need to deposit on XM?
In XM no minimum deposit is required. However, system restrictions limit the minimum deposit amount to $5 for electronic funds such as Moneybookers, Skrill and Neteller, as well as for credit cards and bank transfers.
What is XM demo account?
The XM demo account will allow you to test the trading platform and the trading conditions of this broker without putting your money at risk. It is the best way to start for both beginners and more experienced traders, XM is the right broker for your trading operation.
How to open a live account on XM?
After logging in to the XM broker home page you will need to click on the “open live account” button in the top right corner of the page. Then you will have to fill out a registration form with the information requested by XM.
What is XM broker?
XM broker offers its affiliates the possibility to invest money through a program called MetaTrader 4, the web trading par excellence of this broker. It has more than 1000 instruments, Forex CFDs, indices, commodities, etc.
Is XM a good broker?
XM deserves a very positive criticism because it is a reliable broker, regulated and recommended by the many opinions for those who are looking for a broker who is fast and has no quotes.
How many forex brokers are there in the US?
There used to be a time when more than 70 brokers operated in the US forex market. The Dodd-Frank Act thinned them out to just 3, and it remained this way for a nearly a decade. At the present day, there are now 8 regulated forex brokers in the US.
What is UMR 5?
US forex brokers are expected to have rolled out the Phase 5 and Phase 6 rules on uncleared margin, known as UMR 5 and UMR 6. UMR stands for Uncleared Margin Rules. These rules have to do with how buy side participants in the forex market handle initial …
How many FX brokers were there during the Dodd-Frank Act?
In other words, the Dodd-Frank Act actually stifled the forex brokerage business in America and the statistics do not lie. During the good times, more than 40 retail FX brokers were serving both US and international clients.
Is there a forex broker in the US?
Forex brokers located in the US have had whatever market share they had badly eroded, and brokers without the kind of purposeful structure that the former US brokers suddenly emerged as less desirable but ready alternatives to traders who were unwilling to trade under the new conditions in the US.
Is the forex market regulated?
Over the last decades, the forex market in the US has emerged as one of the most regulated markets anywhere in the world. Rules that were introduced and backed up by Federal laws have made it very difficult for brokers and traders alike to operate in the US forex market.
Will brokers re-enter the US market?
In 2019, some brokers made moves to re-enter the US market. Unfortunately, the COVID-19 pandemic slowed down the process dramatically. Still, some new brokers managed to enter the US forex market in recent years, so traders now have more choice than before.
Is it legal to use credit cards for forex trading?
Bank drafts and direct debits from a bank-linked ATM card are now the recognized means of account funding for US forex traders. The use of credit cards is now prohibited.
What is XM Forex?
XM is a group of online brokers holding regulatory statuses in various jurisdictions. First entity of the group Trading Point of Financial Instruments Ltd. was founded in 2009 in Cyprus and is regulated by CySEC. Currently, the group also has a presence in Australia, the UK, and XM Global Limited is regulated by the FSC (Belize).
Frequently Asked Questions
The best way to answer if XM is a good broker is to read the unbiased traders reviews on Forex Peace Army.
What is the difference between MT4 and MT5?
What differentiates them is that MT4 does not provide trading on stock CFDs, while MT5 does.
What is the leverage of XM Ultra Low?
XM Ultra Low trading account type accepts a set of base currency options (EUR, USD, GBP, ZAR, SGD), possesses a contract size of Standard Ultra with 1 lot equal to 100,000, and Micro Ultra with a lot that equals 1,000, a leverage of 1:888, 1:200, 1:100, negative balance account protection, spread on all major currencies as low as 0.6 pips.
Where is XM restricted?
For now, XM is restricted to residents of certain countries like Canada, Israel, the United States and Iran.
Where is XM trading platform located?
The platform provides over a 1000 trading instruments, a spread as low as 0.6 pip and is operated by XM Global Limited situated at No. 5 Cork Street, Belize. It is regulated by the Securities and Exchange Commission in Cyprus (CySEC) and by the International Financial Services.
XM – What’s now?
Leverage 1:888 does not apply to client registered under the EU regulated entity of the Group. The maximum leverage for Trading Point of Financial Instruments is 30:1.
XM has registered with number of regulatory authorities and authorized to provide financial services. ACP AFM ASIC BaFIN CNMV CONSOB CySEC FCA FI FIN FSPR KNF MiFID PSZÁF FSA XM is a trading name of Trading Point Holdings Ltd, and operated by Trading Point of Financial Instruments Ltd. XM is one of…