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XM MT4 Review | Trade Forex Online with XM.com

in Metatrader 4 Brokers, Crypto Brokers, Featured, Metatrader 5 Brokers, Regulated Brokers
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Table of Contents

      • XM Review | XM MT4 Broker
  • XM MT4 Forex Broker
    •  XM MT4 Brokerage was Launched in 2009,
    • XM MT4 Broker Details Overview
  • XM Trading Platforms
  • XM MT4 Trading Conditions
  • Trading Accounts
    • XM MT4 Trading Conditions
    • Methods of Payment
    • Broker Support Service
    • The Review
  • XM mt4 review
    • PROS
    • CONS
    • Review Breakdown

XM Review | XM MT4 Broker

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 TypeSTP
    Founded2009 at Cyprus
    Base of BrokerIndependent Broker
    Decimal PricingFive decimal
    Clients AcceptSupport all Countries
    Account CurrenciesUSD, EUR, GBP, JPY, AUD, CHF, HUF, PLN, RUB
    AdvantageMinimum Deposit
    $5 at Mini Account
    Maximum Leverage1:1000 at Mini Account
    Minimum Trade0.01 Lots at Mini Account
    Vip AccountNot 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 requirement33 %
SymbolsBTCUSD
DescriptionBitcoin vs US Dollar
Min. Price Fluctuation0.00100
Value of Minimum Price FluctuationUSD 0.001
Value of 1 lot1 Bitcoin
Spreads as low as12
Min/Max Trade Size0.1/10
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 AccountStandard AccountXM Zero Accounts
Base Currency OptionsUSD, 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 Size1 Lot = 1,0001 Lot = 100,0001 Lot = 100,000
Leverage1:1 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 majorsAs Low as 1 PipAs Low as 1 PipAs Low as 0 Pips
Commissionnonoyes
Maximum open/pending orders per client200 Positions200 Positions200 Positions
Minimum trade volume0.01 Lots (MT4)
0.1 Lots (MT5)
0.01 Lots0.01 Lots
Lot restriction per ticket100 Lots50 Lots50 Lots
Hedging allowedyesyesyes
Islamic AccountOptionalOptionalOptional
Minimum Deposit5$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.

ScalpingAvailable
HedgingAvailable
Expert AdvisorAvailable
Tradable APINot Available
Commission
No – Mini/Standard Accounts
Spread TypeVariable
Segregated AccountsAvailable
Swap Free AccountsAvailable
Managed AccountNot Available
MAM/PAMMMAM
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 AccountStandard AccountExecutive Account
Min DepositMin DepositMin Deposit
$5$5$10000
Max LeverageMax LeverageMax Leverage
0.6583333330.6583333330.180555556
Min LotsMin LotsMin Lots
0.010.10.1

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 ManagerAvailable
Telephone OrdersAvailable
Email Response Time24 Hours
Streaming News FeedNot Available
Mobile AlertAvailable
Service Hour24/7
Supported ServiceEmail, Forums, Call Back, Live Chat
Supported LanguageArabic, 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

The Review

XM mt4 review

74% Score

XM is a large very good regulated forex Broker that offers trading on their Metatrader and Metatrader 5 trading platform,

PROS

  • fully regulated
  • Metatrader 4 & 5
  • High Leverage
  • Great Promotions

CONS

  • Limited research tools
  • Inactivity Fee

Review Breakdown

  • Trading Platforms 0%
  • Trading Conditions 0%
  • Trading experience 0%
  • Trading Assets 0%
  • Support 0%
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Average Score

74%
  • Trading Platforms 0%
  • Trading Conditions 0%
  • Trading experience 0%
  • Trading Assets 0%
  • Support 0%
XM is a large very good regulated forex Broker that offers trading on their Metatrader and Metatrader 5 trading platform,

PROS

  • fully regulated
  • Metatrader 4 & 5
  • High Leverage
  • Great Promotions

CONS

  • Limited research tools
  • Inactivity Fee

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Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. All information on BestMT4broker.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of the information. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.

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