The
Company
Based on the
sunny island of Cyprus, XM offers great trading conditions for trading in a
wide range of instruments, including currency trading, CFDs on commodities,
indices, precious metals, energies and stocks on two trading platforms (MT4 and
MT5). What is more, XM provides ultra-fast execution (99.35% of all trades
executed in less than 1 second), as well as awesome bonuses & promotions.
XM is a
brand name of Trading Point Holdings Ltd, which wholly owns Trading Point of
Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments
Pty Ltd (XM Australia) and Trading Point of Financial Instruments Ltd (XM
Cyprus). FCA, CySEC and ASIC apply certain rules and requirements to regulated
firms, which are not as stringent as those in the US, for instance, however
they provide a good level of credibility. Besides, licensed brokers are
required to keep customer funds in segregated accounts, separated from the
company’s operating funds.
As a further
guarantee to clients’ funds, all companies regulated in UK and Cyprus are
covered by compensation schemes as additional guarantee to clients funds. 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 clinets of authorised financial services
companies. Similarly, Cypriot Investment Firms are members of the Investor
Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the
company is in default. Currently, however, Australian forex
brokers are not covered by any compensation scheme.
Company Overview
Company Name
|
XM Global Limited
|
Headquarters
|
No.5 Cork Street , Belize City , Belize, C.A.
|
Website
|
|
Regulation
|
IFSC , Cysec , FCA , ASIC
|
Trading Instruments
|
Forex , Stocks , Commodities , Indices , Metals , Energies , Cryptocurrencies
|
Trading Platform
|
MT4 , MT5
(desktop , mobile , webtrader & multiterminal)
|
Deposit /
Withdrawal
|
Visa/Mastercard , Neteller , Skrill , WebMoney , fasaPay , Wire Transfer , Local Depositor
|
Bonus
|
No Deposit Bonus $30 , Deposit Bonus up to 20% - 50%
|
Services
|
XM Loyalty Program , Free VPS Service , Zero fees on Deposit / Withdrawal
|
Customer Service
|
Live Chat
|
Account
type
|
Minimum
deposit
|
Minimum
trade size
|
Maximum
leverage
|
Average
Spreads
|
Micro
|
$5
|
0.01
|
1:500
|
1.7 pip on
EUR/USD
|
Standard
|
$5
|
0.01
|
1:500
|
1.7 pip on
EUR/USD
|
Zero
|
$100
|
0.01
|
1:500
|
0.1 pips
on EUR/USD + $7 / lot (round trip)
|
XM offers
its clients three types 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, 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.
*Risk
Warning: Forex and CFD trading involves significant risk to your invested
capital.
