Home ยป Top Forex Brokers 2024 ยป XM
Last Updated: A Quick Summary of XM
๐ต Broker Type | MM |
๐ Regulated | ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize) |
๐ฐ Min Deposit | $5 |
๐น EUR/USD Spread | 0.8 Pip |
๐ Demo Account | Yes |
๐ฑ Base Currencies | AUD, CAD, CHF, EUR, GBP, HUF, JPY, NZD, PLN, RUB, SGD, USD, ZAR |
๐ Platforms | MT4, MT5, Mobile, Web |
๐ Assets | Algriculture, Commodities, Cryptos, Energies, Indices, Forex, Metals, Real Stocks , Stock CFDs |
๐ Hedging Allowed | Yes |
XM Broker Details
Broker Contacts
Company Profile
Company Name
XM Group
XM Group
Year Founded
2009
2009
Headquarter
Belize City, Belize | Limassol, Cyprus | Sydney, Australia
Belize City, Belize | Limassol, Cyprus | Sydney, Australia
Regulated
ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize)
ASIC (Australia), CySEC (Cyprus), DFSA (United Arab Emirates), FSC (Belize)
Countries Not Accepted
Canada (CA), Iran (IR), Israel (IL), United States (US)
Canada (CA), Iran (IR), Israel (IL), United States (US)
Broker Type
Market Maker (MM)
Market Maker (MM)
Trading Conditions
Demo Account: Yes
Minimum Deposit: $5
Minimum Withdrawal: $5
Maximum Leverage: 1:1000
Average Spread EUR/USD: 0.8
Pip
EA/Robotrading: Yes
Base Currency: AUD, CAD, CHF, EUR, GBP, HUF, JPY, NZD, PLN, RUB, SGD, USD, ZAR
Hedging Allowed: Yes
Scalping Allowed: Yes
Negative Balance Protection: Yes
Swap Free/Islamic Account: Yes
Social Copy Trading: Yes
Available Trading Instruments
Algriculture CFDs, Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks, Stock CFDs
Algriculture CFDs, Commodities CFDs, Cryptocurrencies, Energies CFDs, Equity Indices CFDs, Forex Pairs CFDs, Precious Metals CFDs, Real Stocks, Stock CFDs
Available Payment Processors
Bank Cards, Bank Wire, FasaPay, Neteller, Skrill, WebMoney
Bank Cards, Bank Wire, FasaPay, Neteller, Skrill, WebMoney
Available Trading Platforms
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Web Platform
MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile Platform, Web Platform
Broker Remarks
For the 1:888 leverage: This Leverage does not apply to all the entities of XM Group. Leverage depends on the financial instrument traded.
Forex Awards
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In terms of trading, im not sure if they are the best or not. But in terms of analytical information, they are second to none. Trading Ideas and XM Research sections are a must read.
Iโm interested in trading with leverage. And it seems to me that this should be obvious.
Trading assets such as currency pairs is simply imposible without leverage.
Trader should have a huge margin to get at least a small profit.
Therefore, for me, the greater leverage, the better.
And this broker has nice leverage size. By the way, spreads are also good.
Yea they have good prices and different accounts for needs but what I like is different. All these competitions for demo, it just shows how they care about their clients and provide various opportunities for beginner traders, I wish I had these opportunities when I used to learn trading in my old days ๐
I trade here cryptos mainly and should note that conditions align with what I need. Mainly, props to the account types system, where are accounts with fascinating trading terms, but anyway.
The list of cryptos is very extensive, altcoins, memcons โ everything is here. I advise you to choose MT5 for trading cryptos, cuz some of them arenโt available on MT4, like Shiba, Mana, Dash and so on. Swaps are okayish, for instance if you trade hyping Doge, then long and short ones are ~10 points.
Leverage size fully correlates with my risk management strategy, so itโs good for me.