XM MT4 Forex Broker

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

XM MT4 Brokerage 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 a units in Australia and 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. This is important in case they mess up and go out of business

. All deposits with the 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 authorised financial services companies.

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

Regulators and Regulations

XM MT4 Forex Broker is headquartered in Cyprus with representative offices operated in the strategic locations of Hungary and Greece.CySEC licenses XM under license number 120/10. ASIC licenses them under license number443670. They also regulated by AFM,FCA,FSA,BaFIN,CNMV,FSPR.

Registered By:

ASIC(Australia)
FCA(UK)
CySEC(Cyprus)
BaFIN(German)
FSPR(NZ)
CNMV(Spain)
FSA(Sweden)
AFM(Netherland)

XM MT4 Broker Details Overview

Broker Type	STP
Founded	2009 at Cyprus
Base of Broker	Independent Broker
Decimal Pricing	Five decimal
Clients Accept	Support all Countries
Account Currencies	USD, EUR, GBP, JPY, AUD, CHF, HUF, PLN, RUB
Advantage	Minimum Deposit
	$5 at Mini Account
Maximum Leverage	1:1000 at Mini Account
Minimum Trade	0.01 Lots at Mini Account
Vip Account	Not Available

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 is an internationally acclaimed trading software that has become the benchmark for all other trading software. The MT4 offers 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 XM.com is available 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, five days a week.

XM MT4 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

Spreads as low as	12
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 daily 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%.

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 accounts).

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 then $5, don’t think about trading. I like the low entry amount only because you can 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 there are 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$

Methods 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, WebMoney and many domestic solutions are available.

You are also 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 included in their zero fees policy.

Trading

XM MT4 allows Scalping, Expert Advisor, Trailing Stop, One Click Execution, Hedging for their clients. Traders can get the most trading facilities with this broker. They provide Variable spread, and they also offer MAM account. Traders can get the opportunity to trading with a swap-free account.

Scalping	Available
Hedging	Available
Expert Advisor	Available
Tradable API	Not Available
Commission	No – Mini/Standard Accounts
Spread Type	Variable
Segregated Accounts	Available
Swap Free Accounts	Available
Managed Account	Not Available
MAM/PAMM	MAM

XM Account Types

XM offers Micro Account, Standard Account, Executive Account for their traders. Traders can choose and open their account from their website. They offer swap-free account so traders can start trading with a swap-free account. Traders can also trade with 56 pairs (20+ exotic).

Micro Account	Standard Account	Executive Account
Min Deposit	Min Deposit	Min Deposit
$5	$5	$10000

Max Leverage	Max Leverage	Max Leverage
0.658333333	0.658333333	0.180555556

Min Lots	Min Lots	Min Lots
0.01	0.1	0.1

Broker Support Service

XM support any kinds of language for customer service. They provide their customer support for 24 hours in 5 days. Traders can get customer support very quickly for any problem and information. Traders can get customer service by Call Back, Email, Forums, Live Chat.

Personal Account Manager	Available
Telephone Orders	Available
Email Response Time	24 Hours
Streaming News Feed	Not Available
Mobile Alert	Available
Service Hour	24/7
Supported Service	Email, Forums, Call Back, Live Chat
Supported Language	Arabic, Bangla, Bulgarian, Chinese, Czech, Danish, Dutch, English, Estonian, Farsi, Finnish, French, Georgian, Greek, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Latvian, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Swedish, Taiwanese, Thai, Turkish, Urdu, Vietnamese