XM MT4 Forex Broker
XM MT4 Forex Broker
XM is CySEC,FCA,ASIC regulated forex broker.They are independent broker and they are in industry since: 2009.They don’t accept U.S clients.They offer $5 minimum deposit and their base currencies are AUD,CHF,EUR,GBP,JPY,USD,HUF,PLN,RUB.They provide maximum leverage 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 an units in Australia and in 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 which works are your insurance in case the totally mess up and go out of business
. 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 clients of authorized financial services companies.
The Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR. So a long as you stay with your investment below this amount you are fine no matter wha , the point is of course to make millions , XM MT4 Forex Broker has a good reputation with the regulators which should not be underestimated.
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 account).
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 the $5 don’t think about trading. I like the low entry amount only because you are able to 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 high but there a re 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$ |
XM MT4 Bitcoin 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 |
*** Note that the maximum trading volume for BTCUSD per client is 20 lots. This limit will be reviewed on a daily basis 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%.
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, offering 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 XN is availavle 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, 5 days a week.
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, WebMoneyand many domestic solutions are available, in addition you are 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 also included in our zero fees policy.
XM MT4 Broker Details Overview
| Broker Type | STP |
| Founded | 2009 at Cyprus |
| Base of Broker | Independent Broker |
| Decimal Pricing | 5 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 MT4 allow 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 swap free account.
| Scapling | Avaliable |
| 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 Avaliable |
| MAM/PAMM | MAM |
Regulators and Regulations
XM MT4 Forex Broker is headquartered in Cyprus with representative offices operated in the strategic locations of Hungary and Greece.XM is licensed by CySEC under license number 120/10.They are licensed by ASIC under license number443670. They also regulated by AFM,FCA,FSA,BaFIN,CNMV,FSPR.
- ASIC(Australia)
- FCA(UK)
- CySEC(Cyprus)
- BaFIN(German)
- FSPR(NZ)
- CNMV(Spain)
- FSA(Sweden)
- AFM(Netherland)
Tradable Instruments
- Indices
- Commodities
- Energies
- Stocks
- Forex
- Gold & Silver
- Crypto currencies
Account
XM offer Micro Account,Standard Account,Executive Account for their traders.Traders can choose and open their own account from their website. They offer swap free account so traders can start trading with swap free account.Traders can also trading 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 Service
XM support many kind 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 | Avaliable |
| Telephone Orders | Avaliable |
| Email Response Time | 24 Hours |
| Streaming News Feed | Not Avaliable |
| Mobile Alert | Avaliable |
| 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, Lavian, Malay, Polish, Portuguese, Romanian, Russian, Spanish, Swedish, Taiwanese, Thai, Turkish, Urdu, Vietnamese |
XM Provide MetaTrader4 for their traders.Traders can get this MT4 easily from their website.Traders can also trading with Web Trader and they can using their web browser for this.Traders can trading with operating system by windows,mac,android,iphone,ipad.
Server Time Zone : GMT +2
Tradable Software: Meta Trader 4, Web Trader
Support :Android, Windows, Mac, IPad, IPhone,
XM support many kind of payment method which are Credit Card,Union Pay,Wire Transfer,Skrill,Neteller,Fasapy,Qiwi,Webmoney. Traders are able to select the payment method of their choice.
- Skrill
- Credit Card/ Debit Card
- Union Pay
- CashU
- Neteller
- Webmoney
- Wire Transfer
- fasapay
- Paysafe
- QIWI
- Sofort
Contact Details
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Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.
