Z4 forex 1

Random Nikon rumors from around the Web (Nikon Z70, Z4, Z5II, Z6III, Z7III)

As you can see from the title, the Internet is full of rumors for every possible/imaginable Nikon camera. Most of the specs are probably made up, the sources, as usual, are clickbait websites that have never ever reported anything reliable in the past. Here is a recap:

Nikon Z4.

Nikon Z4 full-frame mirrorless camera without an EVF (just like the Sony a7c camera) – this rumor is based on an old Nikon patent that shows a drawing of a camera without an EVF. The patent/design in question (#1599291) was for the actual camera mount and not for the camera itself:

Here is the info I received recently from a new source: the Z4 camera is going to be smaller than Z5 with dimensions of 63mm x 129mm x 96mm and a weight of 565 grams. The Z4 is rumored to come without in-body image stabilization in order to cut on weight and price. Two new compact FX lenses with VR are supposed to be announced with the Z4: 16-24mm f/4-6.3 VR and 24-105mm f/4-7.1 VR. The Nikon Z4 is designed to be more like an FX-format “iCamera” – totally different UI and design, small and light (think Z50 but with an FX-format sensor), very well connected (apps and more).

NR’s take: r emember that Nikon’s new strategy is to concentrate on high-end equipment, so we can basically forget any new entry-level products – they will be replaced by smartphones. There are just not enough profit margins for Nikon to stay in the low-priced, entry-level camera market. I see no space for another Z4 product line – the Z5 is sufficient in my opinion to cover the market segment below the Z6/Z7.

Nikon Z5II, Z6III, Z7III.

Obviously, those models will be announced sooner or later. I think the main concentration for Nikon this year is the long waitlist for the Z9 cameras. Nikon simply does not have the production capacity to announce another new camera.

NR’s take: You can no longer use the previous Nikon release schedule as an indication to predict future product announcements as some websites suggest. We may see a new camera announcement towards the end of the year when all Z9 orders are fulfilled.

Nikon Z70.

Again, another guess with a set of made-up specs:

New DX-format BSI Stacked CMOS Sensor EXPEED 7 Image Processor AI-Based Subject Detection and Tracking Image Stabilization: Yes, Sensor shift 5 axis UHD 4k Video recording 2.36m-Dot OLED Electronic Viewfinder 11 fps with a mechanical shutter, 20 fps with electronic shutter.

NR’s take: I think there is a very small chance for a new high-end APS camera, but I seriously doubt it will happen given the latest developments in the industry – Fujifilm got a big chunk of the APS-C market and even Sony appears to be pulling out of it.

Nikon FTZ III.

Nikon has reportedly engineered a new FTZ III adapter, with full D-type F-mount support, using stepper motors to enable full AF on D-type F-mount lenses.

NR’s take: if there was a new FTZ III adapter, Nikon was going to announce with together with the Z9. What’s the point to release it later when we will have plenty of Z-mont lenses?

Again, I have no reason to believe any of those reports are correct. If anything changes in the future, I will post it online.

Go and read Craig’s last post on Canon Rumors More (potentially) discontinued Nikkor F-mount lenses.

This entry was posted in Other Nikon stuff and tagged Niko Z70, Nikon FTZ III, Nikon Z4, Nikon Z5II, Nikon Z6III, Nikon Z7III . Bookmark the permalink. Trackbacks are closed, but you can post a comment.

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Z4 forex

Francesco Vanni d’Archirafi formally appointed as Chairman of Euroclear Group BoD.

Euroclear today confirms that the necessary regulatory approvals have now been received for Francesco Vanni d’Archirafi’s appointment as Chairman of the Euroclear group boards of directors. Mr Vanni d’Archirafi becomes Chairman of Euroclear SA/NV and Euroclear Holding SA/NV, effective immediately.

Mr Vanni d’Archirafi joins Euroclear from Citigroup where he has been the New York-based Chief Executive Officer of Citi Transaction Services – the global provider of cash management, trade and securities services to multinational corporations, financial institutions and the public sector around the world – and Citi Holdings, where he profitably managed the biggest portfolio of non-core assets and businesses in the industry. Most recently, he was the Vice Chairman of Banking, Capital Markets and Advisory for EMEA based in London.

Mr Vanni d’Archirafi has led many businesses, committees and boards in a global career that spans 38 years at Citi, including that of long-serving Chairman for Citibank Europe plc and Chairman and CEO of Citibank International plc.

He serves on the Boards of Verti Spa and Citibanamex, and was a non-executive director of the LCH Group from 2005 to 2011. He was a longstanding member of the Board of Mapfre International and is the Chairman of Junior Achievement Worldwide as well as trustee of several not-for-profit enterprises in the UK and Europe, including The Felix Project and the Voluntary Solidarity Fund.

He is the Vice Chair of the Advisory Council for The Kogod School of Business at American University and is a member of the International Advisory Board of IESE.

Maria Nikolova.

Maria has been engaged in journalism for more than 13 years, providing Forex industry coverage for the past seven years. Before joining FNG she was Managing Editor at FinanceFeeds. Prior to that, she worked at LeapRate. Maria has a Philosophy degree from the St. Kliment Ochridski university in Sofia. She has specialized in Cognitive Science in Vienna. Her interests include psychology, AI, and linguistics.

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Xm forex 9

XM Review 2023.

XM is a market maker with a choice of Micro Account, Standard and ECN Account. This XM review looks at XM’s account types and explains account benefits. This XM review also looks at other XM feature like trading platforms, CFDs and minimum deposits.

Written by Justin Grossbard.

Written by Justin Grossbard Co Founder.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Each month we update average spreads data published by the brokers the retail brokers lose %

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site.

��️ Regulation Country Australia, Europe, UK, UAE �� Trading Fees Variable Spread with no commission �� Trading Platforms MetaTrader 4, MetaTrader 5 Trading Platform �� Minimum Deposit $5 �� Withdrawal Fees $15 ��️ Instruments Offered Forex, CFD, Crypto, Commodities, Metals �� Credit Card Deposit Yes.

See How XM Stacks Up To These Brokers.



IC Markets.


BlackBull Markets.

XM Review.

Our XM review looks at all the key XM features.

Trading Account Types, Spreads Trading Conditions and Execution Negative Balance Protection Regulation and Protection Trading Platforms CFD Product Range Free Features and Education Customer Support Account Fees and Funding.

Trading Account Types: Low Minimum Deposits And No Commission Options.

XM account structures are great for all traders but are well-suited to beginner traders as they are commission-free, require a low minimum deposit, allow micro lot trading and include negative balance protection.

XM offers 4 types of accounts, these are:

XM Micro Account XM Standard Account XM Ultra-Low Account (Australia, South Africa and selected countries) XM Zero (Europe only)

Micro account Standard Account Ultra Low Account (Australia and select countries) Zero Account (The UK and Europe Only) Base currency options USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB USD, EUR, GBP, CHF, AUD, HUF, PLN, RUB EUR, USD, GBP, AUD, PLN, HUF USD, EUR, JPY Contract size 1 Lot = 1000 1 Lot - 100,000 Standard Ultra: 1 Lot = 100,000 Micro Ultra: 1 Lot = 1000 1 Lot = 100,000 Leverage 30:1 1:1 to 1:500 ($5-$20,000 1:1 to 1:200 ($20,001-$100,000) 1:1 to 1:100 ($100,001+) 1:1 to 1:500 ($5-$20,000 1:1 to 1:200 ($20,001-$100,000) 1:1 to 1:100 ($100,001+) 1:30 Negative balance protection Yes Yes Yes Yes Spread on all majors As low as 1 pip As low as 1 pip As low as 0.6 Pips From 0.1 Commission No No No $3.5 per $100,000 Maximum open/pending orders per client 200 Positions 200 Positions 200 Positions 200 Positions Minimum trade volume 0.01 Lots (MT4) 0.1 Lots (MT5) 0.01 Lots (MT4) 0.1 Lots (MT5) Standard Ultra: 0.01 Lots Micro Ultra; 0.1 Lots 0.01 Lots Lot restriction per ticket 100 Lots 50 Lots Standard Ultra: 50 Lots Micro Ultra: 100 Lots 50 Lots Hedging allowed Yes Yes Yes Yes Islamic account Optional Optional Optional Optional Minimum deposit $5 $5 $50 $100.

Differences Between Accounts.

The main difference between each account is the allowable trading size. The micro account is designed for cent trading with Standard account is designed for conventional volumes.

XM Micro Account.

The XM Micro Account allows trading with micro-lots (1000 units). With this account 1 micro lot (pip) is the equivalent of USD 10 cents. This account is commission-free.

If you wish to trade with nano lots (100 units) then you can reduce your trade volume to 0.1 with the micro account (as nano account is 1/10th the size of a micro lot). Nano lots are the equivalent of 0.01 cents If you wish to trade with mini lots (10,000) then you can increase your trade volume to 10 micro-lots (10 x 1000 units) with the micro account (as micro-lots are 1/10th the size of a mini lot). Trading with mini lots is equal to $1.

A micro account is popular with the following types of traders.

Traders whose account is not large enough to tolerate larger lot sizes Traders that want more precision with their position sizing Traders wanting to practice with low volumes rather than use a demo account.

When you start out trading it can be wise to start with nano lots before progressing to micro and then mini lots. The more currency you invest, the more risk you take on, so it can be prudent to build up your skills before using larger lot sizes.

XM Standard Account.

The XM Standard Account allows trading with Standard lots (100,000 units). With this account 1 lot = USD $10. This is a spread-only account.

If you wish to trade with mini lots then reduce your standard account volume to 0.1 (i.e. 0.1 x 10,000 units)

XM Ultra-Low Account (Not Available In Europe)

This is a commission-free account available in Australia, South Africa and some other select countries. The account allows trading with both micro and standard lots. The Ultra-Low Account differs from the Micro and Standard accounts in the following ways:

A higher minimum deposit of $50 for XM Ultra-low account as opposed to $5 for the micro and standard accounts Fewer base currency options: This account permits the following base currencies EUR, USD, GBP, AUD, CHF, PLN, HUF. Other accounts offer the same but also JPY and RUB Tighter spreads compare to the other XM account. Spreads with the Ultra-low account start at 0.6 as opposed to 1 pip with other accounts. This difference can represent a significant saving for each trade you do.

XM Zero Account (Europe And The UK Only)

Traders joining XM in Europe and the UK will be signed up to either Trading Point of Financial Instruments Limited (Cyprus) or Trading Point of Financial Instruments UK Limited (UK). These XM entities do not offer the XM Ultra-Low Account. Instead, they offer the commission-based XM Zero Account. This account is different from the other accounts as they are based on an STP/ECN execution model rather than a market maker model.

Instead of wider spreads to cover brokerage fees, clients pay a commission of $3.50 ($7.00 round trip) per $100,000 for each standard lot traded.

If you are using the MT4 platform, then the commission fee for both opening and closing when you open your position If you are using the MT5 platform the commission is applied when you open your position and when you close your position.

Spreads with the XM Zero account are therefore lower than with other accounts.

The main limitation of the Zero account is the limited base currency options and the higher minimum deposit of $100.

Spread Comparison Between Accounts.

Of the spread-only accounts, The Micro Account and Standard Account spreads are wider than the Ultra-Low Account. Traders can expect spreads on these accounts to be roughly 1 pip higher on average. This means each trade you can expect to pay $10 more. If you are a frequent trader, this difference can add up over time.

Traders in Europe and the UK don’t have the option of an Ultra-Low Account but do have the Zero Account which has a different cost structure. On Average, the pip difference between the Ultra-Low Account and the Zero Account is about 7 pips. The round-trip commission is $7.00, so the cost is about the same.

XM Accounts Average Spreads EUR/USD USD/JPY GBP/USD USD/CHF USD/CAD AUD/USD Standard Account 0.00017 0.016 0.00024 0.00021 0.00022 0.00019 Micro Account 0.00017 0.016 0.00024 0.00021 0.00022 0.00019 Ultra Low Account 0.00008 0.009 0.00011 0.00011 0.00012 0.00011 Zero Account (Europe Only) 0.00001 0.004 0.00003 0.00004 0.00005 0.00004.

Comparing The Spreads With Other Brokers.

No Commission Spreads.

XM has 3 types of commission-free accounts. These are Micro, Standard and Ultra-Low Accounts. Spreads for the Micro and Standard Accounts are the same. In the table below you will notice that the Micro and Standard accounts fare poorly when compared with other brokers. While this may make sense for the Micro account given you are trading lots with cents, meaning XM may have widened the spread as profit obtained through this account for them would below, it is surprising spreads for the Standard Account are not tighter.

Spreads for XMs Ultra-low account fare pretty well against other brokers with IC Markets the best. Depending on the currency pair, some spreads match spreads for the best pairs from other brokers. Across the board, spreads are somewhere between matching the best and middle rung.

No Commission Account Spreads.

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/01/2023.

The Zero Account is a commission-based account using ECN style pricing and only available to XM clients in Europe and the UK fare decently against other brokers. With many currency pairs matching the best or close to the best.

Commission Account Spreads.

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/01/2023.

Account Leverage.

Tiered Leverage: In some regions, XM has a tiered leverage policy. This means the higher volume you trade, the lower your maximum leverage will be. This encourages responsible trading as the high leverage with high volumes means high risk. Leverage will vary depending on the XM entity you trade with and their regulator. Tiered leverage isn’t necessary when a regulator only allows low levels of leverage to being with.

XM Leverage Regulator Country Leverage Trading Point of Financial Instruments UK Limited FCA United Kingdon 1:30 Trading Point of Financial Instruments Limited CySEC Cyprus 1:30 Trading Point of Financial Instruments Pty Ltd ASIC Australia 1:30 Trading Point MENA Limited DFSA Dubai XM Global Limited IFSC Belize 1:1 to 1:888 ($50 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +)

If you are trading from outside Europe, Australia and Dubai then you can have leverage as high as 1:888.

Account Conclusion.

The commission-free accounts are great options for beginner traders. If you are in a region that offers an XM Ultra-Low account then this account is likely to be the account you would want to choose. With lower spreads and the same choices of trading lots as the Micro and Standard Account, this account presents the best value. The only reason to select the Micro or Standard Account is if you want a rock bottom minimum deposit or if you wish your base currency to be JPY or RUB.

If you’re trading from the UK or Europe and cost-saving is your main concern then the Zero account offers the tightest spreads. The main catch with the Zero account is the higher minimum deposit of $100 and the limited base currency choices being only USD, EUR and JPY.

Our Rating.

The overall rating is based on review by our experts.



Trading Platform.

Risk Management.

Range of Markets.

Customer Service.

Trading Conditions: Fast Execution, No Requotes, No Rejections.

One of the key selling points of XM is they don’t provide requotes and guarantee fills will be completed for orders with less than 50 standard lots. XM advertise that they offer 100% of orders, with 99.35% orders executed in under 1 second.

When trading with XM, your positions remain open until they can be filled including pending orders and you can have a maximum of 200 orders open at one time.

Tight spreads only make sense if you can trade on them. In this respect, the XM mission is to provide the best execution possible.

XM No Requote Guarantee.

XM guarantee of no requotes is interesting as they are a market maker. A requote in forex lingo means the price you have entered cannot be completed as market conditions between the time you received your quote and the time you executed your order. This change in price due to lag time is known as slippage. When liquidity providers are unwilling to match your order, either a requote needs to be provided which happens when instant execution is applied or the ‘best available’ price is automatically applied which is known as market execution. Instant and market execution are terms most familiar with ECN and STP No Dealing desk brokers.

As XM is a market maker rather than a no dealing desk broker, XM owns the liquidity and is your counterparty for your trades. So that XM can give you the most accurate pricing possible and avoid requotes, the XM network runs with very fast execution speeds. Fast execution speeds mean less lag and therefore less opportunity for slippage, this allows XM to display prices in real-time and execute your orders quickly. To ensure you receive the most accurate price possible, XM uses fractional pip pricing. Should prices change, market execution using the best available price in place of a requote will be applied.

During times of high market volatility, re-quotes tend to be frequent. XM guarantee of no requote makes them stand out among other brokers during such climates.

Guaranteed Fills – 100% Execution Rate, No Rejection Of Orders.

As XM is a market maker, they guarantee complete fills of your orders up to 50 standard lots (5,000,000). Using an ECN or STP broker means dealing directly with the liquidity market where liquidity providers can reject your order if they can’t meet the price or they don’t have the volume to complete the order.

As a market maker, XM ensures they have enough liquidity on hand at all times so that they can honour your order. As long as your order doesn’t exceed 50 standard lots, then you can expect your order to be completed. If your order exceeds 50 standard lots, then XM will use partial fills should the order not be completed as one. Placing two orders less than 50 lots is another option.

Placing Orders Online Or By Phone.

XM provides some flexibility when it comes to placing orders. While online orders will form the bulk of transactions, should your online system go down, XM gives the option of providing order by phone, which may be useful in times of emergency.

Negative Balance Protection Provided By The XM Group.

XM includes guaranteed negative balance protection with all accounts. This guarantee means that you will never need to repay any debt from your account going below zero. A number of measures are in place to help protect your account balance, these are:

50% call margin – When your account is below 50% you will be advised to exit your positions or top up your account 20% Stop out level – when your account is below 20%, XM will attempt to exit your open trades.

While XM will try to exit your open trades, slippage can still occur, meaning your account can still go below zero. If this happens, negative balance protection is applied. This means XM will return your account back to $0 and your debt will be forgiven.

Negative balance protection can help protect traders from accusing bad debt in a volatile market which may come about due to lack of experience or unexpected extreme market conditions.

XM does not offer guaranteed stop-loss orders. If you are looking for a broker that does have this feature, take a look at our XM vs IG Markets review.

Trading With A Regulated Broker.

XM accepts clients from all over the world and is overseen by well-respected financial authorities such as ASIC, CySEC and the FCA. While financial regulation is much stricter in jurisdictions such as the UK and Cyprus, all traders and account types, regardless of location, receive a level of investor protection via XM’s negative balance protection.

Investor Compensation Schemes.

Although negative balance protection ensures traders cannot end up in debt to the broker, insurance and compensation schemes imposed by CySEC and the FCA protect traders in the case XM becomes insolvent.

Retail clients registered with the CySEC regulated XM subsidiary are covered by the Investor Compensation Fund (ICF). Cyprus’ ICF ensures that if a CySEC regulated broker becomes insolvent and cannot return funds owed to a client, the trader can claim up to €20,000 as compensation. Similarly, in the United Kingdom, under the Financial Services Compensation Scheme (FSCS), those trading with FCA regulated brokers are provided up to £85,000.

At this stage, ASIC and the IFSC do not enforce or provide any compensation schemes to protect retail investor accounts in the case that their broker becomes insolvent.

Segregated Accounts.

Additionally, most financial regulators including ASIC, IFSC, CySEC and the FCA require all licensed brokers to segregate client funds from company funds, ensuring traders’ account balances are not used as operational capital.

A full list of the Tier-1 Regulators that XM subsidiaries are overseen by include:

The Australian Securities Investments Commission (ASIC) The UK’s Financial Conduct Authority (FCA) The Cyprus Securities and Exchange Commission (CySEC) The Dubai Financial Services Authority (DFSA) The International Financial Services Commission (IFSC) in Belize – traders not belonging to any of the above-regulated territories will be regulated by IFSC.

Trading Platforms.

Both MT4 and MT5 are known as the gold standard of forex and CFD trading platforms as they offer advanced automated trading features and technical analysis tools.

The key difference between the two platforms is market access. MT4 is primarily a forex trading platform, while MT5 is a multi-asset platform that permits Share CFD trading. As well as a wider CFD product range, MT5 provides certain improvements over its predecessor with regard to trading and analysis tools.

MetaTrader 4.

Although a range of asset classes are accessible via MT4, the trading platform is a good option for those wanting to develop strategies that focus on forex trading. With advanced analysis and algorithmic trading tools, traders can execute sophisticated trading strategies that are completely automated.

Algorithmic Trading.

MT4 users can automate trading using Expert Advisors (trading robots). As well as scanning markets for potential investment opportunities, EAs can be used to automatically open and close trades following a trader’s set of predetermined parameters. Traders can write their own EAs using the MQL4 programming language, or download free or paid EAs from the MetaTrader Marketplace online. To test Expert Advisors, trading strategies can be backtested against historical data. While backtesting allows traders to optimise automated trading strategies, MT4 only offers single currency backtesting.

MT4 Features.

In addition to fully functional algorithmic trading with Expert Advisors, traders using MT4 gain access to the following benefits and tools:

Four order types to manage the high risk of forex and CFD trading: sell limit, sell stop, buy stop and buy limit orders 30 inbuilt technical indicators, 41 objects, and 9 timeframes to analyse markets and detect trends.

MetaTrader 5.

MT5 is a multi-asset trading platform where XM customers can gain access to over 300 Share CFDs as well as Forex and other CFDs. While MT4 is still the most widely used platform for retail traders, MT5 offers certain enhancements such as more sophisticated backtesting, technical analysis tools and risk management tools.

Rather than MQL4, MT5 traders use the more efficient MQL5 to write and develop Expert Advisors. As well as an easier-to-learn programming language, MT5 also offers improved backtesting, analysis tools and a greater range of order types:

Expanded risk management tools with an additional two order types: buy stop limit and sell stop limit orders A greater range of pre-installed technical analysis tools with 38 indicators, 44 objects and 21 timeframes Multi-currency, multi-thread backtesting allows for improved backtesting and more robust EAs Fundamental analysis tools including an inbuilt economic calendar.

MetaTrader 4 MetaTrader 5 General availability Common Growing Number of Analytical tools 33 68 Number of indicators 30 38 Timeframes 9 21 Programming Language (for expert advisors) MQL4 MQL5 Number of orders executable 3 4 Number of pending orders available 4 6 Partial Order Filling Policies No Yes Order Fill Policy Fill or Kill Fill or Kill Immediate or Cancel Return Hedging Yes Yes (since 2022) Threading 32bit / 2GB 64 Bit / 4Gb Speed / Stability Fast / Stable Faster / More Stable CFD Trading Decentralised All (Decentralised and trading exchanges) Strategy Tester Single Thread Multi-threaded + Multi-currency + Real ticks Economic Calendar with Add on Yes Depth of Market No Yes.

App And Mobile Trading.

XM offers MetaTrader 4 and MetaTrader 5 with versions of the software available for PC, Mac, WebTrader, iPhone, iPad, Android and Android tablets.

The online broker’s mobile apps offer a fully functional trading environment. When compared to the WebTrader and desktop platforms, mobile users face no restrictions on order types or market access.

Range Of Markets: Trade 1000+ CFDs.

The online broker offers great market access to retail investor accounts with over 1,250 CFD trading products available to choose from.

Whether you want to focus on the most commonly traded currency pair (EUR/USD) or develop strategies using minor and exotic FX pairs, the XM group offers great access to forex markets with no commission fees and low spreads.

While many of the best brokers charge traders a commission fee for stock CFD trading, XM provides commission-free commodity and share trading. The required margin and maximum leverage vary between asset classes and instruments and depend on the XM subsidiary you are trading with.

XM provides access to the following financial markets:

CFD type Number of symbols/pairs Forex 57 Stocks 1144 In Total 469 on NYSE + NASDAQ 165 on LSE 20 on ASX 17 on FWB 10 on EuroNext Commodities 8 Equity Indicies 18 Cash Indices 12 Futures Indices Precious Metals 2 Energies 5.

Please note forex, equity indices, commodities, energies and precious metals are available on both MT4 and MT5, while stock CFDs are only accessible on MT5. Unfortunately, XM does not offer Cryptocurrency trading on MT4 or MT5.

Free Features: Account Manager, Education And Market Analysis.

XM offers an extensive range of free features to ensure you have successful trading experience with them. Key features include personal account managers, webinars, and trading tools.

Personal Account Manager.

All XM clients are allocated a personal account manager who is available to assist you with any account or trading question you may have. XM personal account managers have a reputation for ensuring their clients get the best from their trading activities.

Educational Materials.

XM Live is a new webinar service, which (at no cost) provides a live discussion room with XM experts, sharing information between traders regarding trading fundamentals, education webinars and live debates between traders & broker.

XM Tradepedia is a free video series providing Forex education to traders. Their trading education lessons include:

Introduction to the markets Trading essentials Fundamental analysis Technical analysis Money management Trading psychology Trading strategies.

The purpose of Tradepedia is that XM believes with the correct guidance, anyone can successfully trade.

Scheduled webinar instructors are a unique, impressive service offered by XM – offering 1 7 days a week scheduled trading webinars, with 49 instructors in 19 languages. This is offered as part of XM’s Tradepedia Forex education.

Live Forex seminars are scheduled seminars to meet with other traders (and potentially brokers) presented by their Portfolio manager Avramis Despotis, who teaches about the financial markets. The desired outcome from seminars is to spot changes in volatility, trading the intraday swings, using volatility to spot the best trades during the day, combining correct time frames and using a clearly defined set of rules to confidently trade.

Market Research And Analysis.

Market Research: an index of news updates regarding the financial markets, updated every day. Technical analysis: provides a technical report from XM directly to provide traders with information on potential market changes or volatility.

XM Trading Tools.

XM Forex Calculator is a set of simple online calculators to convert currency, spreads, commissions, margins, swaps or a profit/loss.

Exclusive technical indicators are a series of digital resources to use in conjunction with either an MT4/MT5 account.

Trading indicators are an add-on script, which interprets graphical information as an overlay to charts; to act as a visual indicator to traders when analysing the current market trends. Their exclusive technical indicators include:

Ribbon indicator which is used for following the prevailing trend and predicting potential reversals River indicator which is an all-in-one trend indicator that helps you identify strengths and direction Ichimoku indicator which is useful to identify support and resistance levels and help you recognise strong market trends Bollinger Bands to display market volatility and recognises extreme price levels ADX and PSAR indicators to recognise a consolidated market and identify when trends reach extreme conditions Analyser indicator so you can analyse markets in seconds instead of hours and quickly identify the best instruments to trade.

Customer Support.

XM traders can get in touch with the broker’s customer service team via phone, live chat, and email. Although a good range of contact methods are offered by XM, phone, live chat and email support is not available on weekends and restricted to 24 hours a day, 5 days a week.

XM’s customer support team are multilingual, with representations fluent in English, Japanese, Chinese, Hindi, Arabic, Spanish, Italian, French, Russian, Hungarian, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Dutch, Korean, Bahasa Indonesia and Bahasa Malay.

Account Funding And Fees.

To deposit funds in an XM trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallet methods such as Moneybookers, Skrill, NETELLER, MuchBetter Wallet, Trustly and MoneyGram.

Minimum Deposits.

To start trading with XM, an initial minimum deposit of $5 is required for Micro and Standard accounts and $50 for Ultra-Low accounts. When funding an established trading account, no minimum deposit is required, although certain e-wallet payment methods require a minimum of $5.

Withdrawal Fees.

A downside to XM is its withdrawal fees for small sums. If a customer withdraws less than $200 from their trading account via bank wire transfer, they will incur a $15 administration fee. Additionally, XM only allows you to withdraw the amount you have deposited with a credit card or electronic wallets, therefore you can only withdraw trading profits via bank transfer.

Inactivity Fees.

While many brokers start charging clients account inactivity fees after 6-12 months, XM traders who have not traded for 90 days will be charged a monthly inactivity fee of $5.

XM Markets Alternatives.

Below shows a list of versus pages where you can compare FP to other leading brokers such as FP Markets and Blackbull Markets.

About the author: Justin Grossbard.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Xm forex 8

XM.com Broker Review: What’s the Deal With the Huge Leverage?

XM is an online broker for trading on forex with a strict no re-quotes and no rejections policy.

As an internationally regulated and licensed broker, XM has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments.

Traders with XM can choose between the popular MetaTrader 4 or MetaTrader 5 platforms or access the XM WebTrader through their browser.

Since its founding in 2009, the broker has picked up over 30+ industry awards. This review gives readers in an in-depth overview of XM and discusses the broker’s advantages and disadvantages.

Key XM Facts & Features What Can You Trade With XM? Where Does XM.com Operate? XM Account Types Account Requirements Deposits and Withdrawals XM Spreads and Fees XM Trading Platform Overview How Is XM Regulated? FAQs.

Key XM Facts & Features.

Pros and Cons of Choosing XM.

XM appeals to traders across the world who can rely on support in their language. The broker’s track record of over 2.4 billion trades executed with no re-quotes or rejections is further motivation for traders to consider this regulated broker.

XM’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days.

What Can You Trade With XM?

XM offers clients access to trading forex and CFDs on stocks, energy commodities, soft commodities, precious metals, and indices. More than 1,000 instruments are available to trade.

Note: XM does not currently offer CFDs on cryptocurrencies.

Forex Pairs.

XM offers trading in more than 55 currency pairs including majors, minors, and many exotics.

List of currency pairs available to trade with XM.


Stock CFDs.

CFDs on over 100 US, UK, and Germany stocks are available to trade on the XM platform.

See some of XM’s international stock CFDs.

Country Stocks US Aflac, Alcoa, Alibaba, IBM, Tesla UK Aviva, BTGroup, HSBC, Unilever, Vodafone France AirFrance, Peugeot, Danone, Ubisoft, Veiola Germany Adidas, AllianzAG, Daimler, Deutsche Bank, Lufthansa Netherlands Philips, TomTom, Fugro, BAM, SBM Spain Santander, IAG, Sacyr, Mapfre, Repsol Switzerland Nestle, UBS, Swisscom, Oerlikon, Temenos Belgium Ontex, Proximus, Solvay, UCB, Dieteren Italy UniCredit, Moncler, FinecoBank, Ferrari, DeLonghi Greece Jumbo, Piraeus Bank, MotorOil, OPAP, PPC Portugal Semapa, Sonae, Galp Energia, Mota-Engil, NOS Sweden Ericsson, Volvo, H&M, Betsson, Husqvarna Finland Nokia, Fortum, Orion, Neles, Kemira Norway Orkla, Telenor, Salmar, Mowi, Norwegian Air Austria OMV, Verbund, Raiffeisen Bank, UNIQA, Andritz Russia Lukoil, Gazprom Brazil Petroleo BRA, BRF, Ambev, Gerdau, Vale Canada Aphria, Brookfield, Cronos, Shopify, Telus.

Access to shares CFDs depends on the client’s country of residence . Always check the broker website for the latest information.

Commodity CFDs.

XM clients can trade popular soft commodity, energy, and metals futures CFDs.

List of XM commodities CFDs.

Commodity Category Brent Crude Oil Energy London Gas Oil Energy Natural Gas Energy WTI Oil Energy WTI Oil Mini Energy Gold Metals High-Grade Copper Metals Silver Metals Cocoa Soft Commodities Coffee Soft Commodities Corn Soft Commodities Cotton Soft Commodities Soybean Soft Commodities Sugar Soft Commodities Wheat Soft Commodities.

Equity Indices.

The indices CFDs offered for trading on the XM platform include cash and futures equity indices.

XM equity indices.

Symbol Category AUS200Cash Cash Index EU50Cash Cash Index FRA40Cash Cash Index GER30Cash Cash Index HK50Cash Cash Index IT40Cash Cash Index JP225Cash Cash Index NETH25Cash Cash Index SPAIN35Cash Cash Index SWI20Cash Cash Index UK100Cash Cash Index US100Cash Cash Index US30Cash Cash Index US500Cash Cash Index EU50 Futures Index FRA40 Futures Index GER30 Futures Index JP225 Futures Index SWI20 Futures Index UK100 Futures Index US100 Futures Index US30 Futures Index US500 Futures Index USDX Futures Index.

XM Alternatives – Not sure if XM is quite right for your trading? Some alternatives you might be interested include Plus500, eToro, and Forex.com You can also check out our full guide to online brokers including lists of brokers available in .

Where Does XM.com Operate?

XM offers trading services to residents or citizens of more than 200 countries. The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney.

To confirm whether is on the list, you can go to the XM registration page for the most up-to-date information. This page will also tell you whether you’re eligible to open an account with XM or XM Global.

IMPORTANT: CFDs are not available in the USA due to local regulation, and regulated brokers do not accept US citizens or US residents as clients.

See the countries XM operates in.

Afghanistan Albania Algeria Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Benin Belarus Belgium Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil British Indian Ocean British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cabo Verde Cambodia Cameroon Cayman Islands Central African Republic Chad Chile Christmas Island Coco (Keeling) Islands Colombia Comoros Congo (Democratic Republic Of) Congo (Republic Of) Cook Islands Costa Rica Croatia Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Eritrea Ethiopia Estonia Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadelope Guatemala Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong SAR Hungary Iceland India Indonesia Iraq Ireland Italy Ivory Coast Jamaica Jordan Kazakhstan Kenya Kiribati Korea, South Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Libya Liechtenstein Lithuania Luxembourg Macau China Madagascar Malawi Malaysia Maldives Mali Malta Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Namibia Nauru Nepal Netherlands New Caledonia Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palestine, State of Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Islands Poland Portugal Qatar Republic of North Macedonia Reunion Romania Russia Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Saint Pierre and Miquelon Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa Spain Sri Lanka St Vincent and the Grenadines Sth Georgia & Sth Sandwich Isl Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Taiwan Area Tajikistan Tanzania Thailand Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalo Uganda Ukraine United Arab Emirates United Kingdom Uruguay Uzbekistan Vanuato Vatican City Venezuela Vietnam Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe.

XM does not provide trading services to residents of certain countries, including:

United States of Ameria Canada Israel Islamic Republic of Iran.

Website & Support Languages.

The XM website is available in 22 different languages, with customer support provided in more than 25 languages.

Languages XM provides support in.

Arabic Bahasa Indonesia Bahasa Malay Bengali Bulgarian Cebuano Czech English French German Greek Hindi Italian Nepali Polish Portuguese Romanian Russian Serbian Simplified Chinese Slovakian Spanish Tagalog Thai Traditional Chinese Urdu Vietnamese.

XM offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions.

XM Account Types.

Traders can choose from three XM account types: a Standard account, a Micro account, or an XM Zero account. You can also open a demo account to practice strategies and trading.

All XM account types offer negative balance protection for EU residents. That means losses cannot exceed deposits as required by ESMA.

This table summarizes XM’s three account types:

Micro Standard XM Zero 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 Commission No No Yes Spread on all majors As low as 1 Pip As low as 1 Pip As low as 0 Pips Minimum deposit 5$ 5$ 100$ Islamic account Optional Optional Optional.

Note: Availability of account types depends on the client’s country of residence .

What Instruments Do Accounts Have Access To?

Traders can choose forex or multi-asset options when opening their accounts. A multi-asset account allows trading forex as well as CFDs on the MT5 trading platform.

Once traders have opened an account, they have access to the XM Member section of the broker site and their trading platform of choice.

From here traders can manage their account, including depositing and withdrawing funds, claiming promotions, checking positions and leverage, and accessing the trading tools offered through XM.

XM Demo Account With MT4.

XM’s free demo account is popular among traders to practice ideas or even experienced traders to test strategies. Demo accounts have no expiry date , but they are closed when not used for 90 days.

Clients may apply for a new demo account at any time. Up to five demo accounts are allowed per trader.

Demo accounts have all the features and functions of a real account, including the speed of execution. Traders have access to $100,000 in virtual trading funds with real-time data and analytic tools.

Also, traders with demo accounts can make use of XM’s 24/5 support and all the broker’s educational materials.

Account Requirements.

Opening an XM account takes less than five minutes.

First, you fill in some basic information including your name, address, and some information about your financial background and trading experience. XM then sends you an email with your log-in details.

Before you can trade with XM for the first time, you must provide identity and residential address verification.

Documents accepted include a color copy of a valid passport or other official identification documents (e.g. national ID card, driver’s license, or government ID).

What Acount Information Does XM Request?

The identification document must contain the following:

Full name Issue or expiry date Place and date of birth or tax identification number Signature.

To pass the residential address verification, you will need to provide a recent utility bill no older than 3 months. Acceptable bills include the following:

Electricity bill Water or gas bill Phone bill Television services bill Internet bill.

Traders then need to fund their accounts with a deposit, discussed below in the deposits and withdrawals section of this review.

Deposits and Withdrawals.

Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while XM Zero accounts require a minimum deposit of $100.

How To Deposit With XM.

XM offers several funding options for deposits and withdrawals. These include:

Major credit cards Multiple electronic payment methods Bank wire transfer Local bank transfer.

Exact details about each payment method are visible when you log in to the ‘Members Area‘. Once you selected a payment method of choice, there are clear instructions to follow to complete the process.

Funds are generally available instantly except for Union Pay, which takes 24-hours.

Wire transfer deposits and withdrawals over $200 are included in XM’s zero fees policy. Funds are generally available in two-to-five business days.

How To Withdraw Funds From XM.

XM requires a $5 minimum withdrawal for Micro and Standard accounts. XM Zero accounts have a withdrawal minimum of $100 .

All withdrawals above $200 processed by wire transfer are included in XM’s zero fees policy.

When making a withdrawal, XM transfers your funds back to the original funding method you used to fund your account. If this is not possible, they will transfer the funds to your identified bank account. This account must be in the same name as the account maintained with XM.

How Long Do Withdrawals Take?

All withdrawal requests are instantly reflected in clients’ trading accounts as pending withdrawals. XM processes requests within 24 working hours , but it may take up to five business days for funds to arrive depending on the final destination.

Withdrawal requests are processed in the currency in which the deposit was originally made.

XM may require copies of your credit card before approving a withdrawal request. Traders should consult the Funds Withdrawal section of the broker website for more details on this topic.

Leverage and Margins.

CFD traders on the XM platform have access to varying amounts of leverage, from 2:1 up to 30:1 , depending on the financial instrument traded and in their country of residence.

Margins vary by product type. Calculations are as follows:

Product Margin Formula CFDs Lots * Contract Size * Opening Price * Margin Percentage Forex Number of Lots * Contract size / Leverage Gold & Silver Lots * Contract Size * Market Price / Leverage.

Traders should keep track of their available margin. Accounts that exceed the allowable margin face the risk of having positions closed out by XM.

Margin level is calculated as: Equity / Margin * 100%

XM Spreads and Fees.

Traders with Micro and Standard accounts pay the XM variable spread on CFD trades instead of a commission.

The broker offers variable spreads only, which means spreads can widen above the minimum XM spread as market conditions become more volatile.

Micro and Standard account spreads on all majors start as low as 1 pip , while XM Zero account holders can expect spreads as low as 0 pip . Always consult the broker website for up-to-date spreads.

Other Relevant Fees.

Overnight fee – Traders who hold positions open overnight are generally charged (or credited with) rollover interest. In the case of forex, the amount credited or charged is calculated based on the position taken as well as the rate differentials between the two currencies traded. In the case of stocks and stock indices, the amount credited or charged is calculated based on whether a short or a long position has been taken. Inactivity fee – Accounts that are dormant for 90 or more days incur a monthly inactivity fee of $5.

XM does not charge deposit or withdrawal fees or commissions on Micro and Standard accounts.

XM Trading Platform Overview.

XM offers clients several mobile and desktop versions of both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Alternatively, traders can opt to access the XM WebTrader through their browser.

You can trade all the instruments available at XM on the MT4 platform except individual stocks, which can only be traded on MT5.

Mobile Trading With XM.

Both MT4 and MT5 are available for Android and iOS mobile devices.

Links and download instructions for the XM MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website.

This screenshot shows all the platforms available with XM.

With MT4 and MT5 mobile trading, traders can follow the global markets from anywhere and instantly place and execute orders.

There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs.

Desktop Trading With XM.

You can use the MT4 or MT5 desktop apps with your XM account or access WebTrader via your web browser instead.

The download is quick, provided you have a decent internet connection. Once traders agree to some standard disclosures they can click the MT4 or MT5 icon on their desktop and be on the platform in seconds.

How Is XM Regulated?

XM is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution.

Trading Point Holdings is the holding company of Trading Point of Financial Instruments Limited, XM Global Limited, Trading Point of Financial Instruments Pty Ltd, and Trading Point MENA Limited. They are authorized and regulated as follows:

Trading Point of Financial Instruments Limited is authorized and regulated by the Cyprus Securities and Exchange Commission ( CySEC ), Licence number: 120/10. XM Global Limited is authorized and regulated by the International Financial Services Commission ( IFSC ) (000261/106). Trading Point of Financial Instruments Pty Ltd is authorized and regulated by the Australian Securities and Investment Commission ( ASIC ), AFSL 443670. Trading Point MENA Limited is authorized and regulated by the Dubai Financial Services Authority ( DFSA ) (Reference No. F003484).

Additional Oversight.

In addition to the regulators above, XM is under oversight by the following agencies:

See additional oversight agencies for XM.

Agency Abbreviation Locale French Prudential Supervision and Resolution Authority ACPR France Authority for the Financial Markets AFM Netherlands Federal Financial Supervisory Authority BaFin Germany National Securities Market Commission CNMV Spain Italian Companies and Exchange Commission CONSOB Italy Financial Supervisory Authority FI Sweden Finnish Financial Supervisory Authority FIN-FSA Finland Financial Supervision Commission UKNF Poland Hungarian National Bank MNB Hungary.

All these agencies have strict compliance guidelines. One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate.

The regulators also require XM to segregate client money in separate bank accounts at top-tier financial institutions.

Client funds are also protected through multiple compensation schemes , such as CySEC’s Investor Compensation Scheme. These programs compensate account holders in the event of a brokerage firm’s financial collapse or its inability to make customers whole on their account balances.


Is XM legit?

As a multi-regulated online broker, XM must adhere to strict compliance guidelines. At present, XM is overseen by 13 different regulatory bodies based in over 10 countries. The company also boasts a track record of over 2.4 billion trades executed with no re-quotes or rejections. That said, traders are encouraged to do their own research and decide whether XM is the right broker for their needs.

What is the minimum deposit for XM?

The minimum deposit for Micro or Standard accounts is $5. The minimum for XM Zero accounts is $100. Traders can deposit funds into their XM accounts through methods like Visa, Visa Electron, Mastercard, Maestro Diners Club International, UnionPay, XM Card, Skrill, Neteller, Web Money, and bank wire transfers.

How long do XM withdrawals take?

XM withdrawal requests are processed within 24 hours. Clients receive their money on the same day for payments made via e-wallet. Payments by bank wire, credit card, or debit card can take between two-to-five business days. Withdrawals can only be processed via the method used to deposit the funds.

Does XM offer bonuses?

ESMA regulations prohibit CFD brokers from offering bonuses to retail investors in Europe to encourage CFD trading (or a greater volume of trading) , including signup bonuses or fee rebates.

However, XM does provide a loyalty program and a rewards system for clients outside of the European Union. For example, clients who maintain an account balance (equity credit) of $5,000 or the currency equivalent get free access to XM’s Virtual Private Server (VPS).

Does XM provide educational resources?

The XM research and education section offers a very detailed library of educational materials for traders. These include market reviews, stock market news, forex news, investment-themed articles, technical analysis, videos, and a learning center where webinars, seminars, and video tutorials are presented.

Credits: Original XM review written by Lawrence Pines. Major updates and additions by Linda de Beer with contributions from the Commodity.com editorial team.

Written by.

Linda started her writing career more than 25 years ago as a newspaper journalist in South Africa, where she obtained an MPhil degree in journalism from the University of Stellenbosch. She's been freelancing from her new home in Austria for the past ten years.

Xm forex 7

Xm forex.

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About XM.

XM is a forex and CFD broker. The company offers forex trading, stock indices, free forex seminars, MT4 video tutorials, multi-asset trading, forex and stock market news, free forex signals, and multi-asset MT5 platform. It is based in Belize City, Belize.

Headquarters Location.

No. 5 Cork Street.

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Xm forex 6

Beginner’s Guide to XM Broker: Complete Review.

XM is an online broker and trading website that allows clients to trade a range of assets.

Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation.

XM Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

XM has 2.5 million clients in 196 countries around the world. So far, it has executed more than 1.4 billion trades with an impressive zero rejections or requotes. The management team of XM has visited more than 120 cities to meet with partners and clients.

The history of XM goes back to 2009 when it was founded. Now, it is an industry leader and a well-established investment firm. XM currently has more than 300 professionals, each of whom has long-year experiences within the financial industry.

XM has extensive experience and offers support in more than 30 languages. This helps the broker appeal to those all over the world and of any skill levels. XM also has 16 full-feature trading platforms for clients to choose from.

XM at a Glance.

1 XM at a Glance 2 How Is XM Regulated? 3 Other Legal Information 4 XM Overview 5 The XM Foundation 6 What Types of Accounts Does XM Offer? 7 Micro and Standard Accounts 8 XM Ultra Low Account 9 What Other Accounts Does XM Offer? 10 Islamic Accounts 11 What Assets Can You Trade With XM? 12 What Trading Conditions Does XM Offer? 13 XM Spreads 14 XM Leverage and Margins 15 What Should You Know About Overnight Positions With XM? 16 How Do You Place an Order With XM? 17 What Are the Trading Hours? 18 What Is the XM Execution Policy? 19 What Trading Platforms Can You Use With XM? 20 MetaTrader 4 21 MT4 Multiterminal 22 MetaTrader 5 23 How Can You Learn to Use the XM Platforms? 24 XM Trading Tools 25 Research and Education 26 What Type of Research Does XM Offer? 27 XM Webinars 28 What Other Education Does XM Offer? 29 XM Customer Support 30 XM Awards 31 Conclusion 32 XM 32.1 Ease of Use 32.2 Reputation 32.3 Fees 32.4 Customer Support 32.5 Payment Methods.

Broker XM Regulation FCA (UK), CySEC (Cyprus), ASIC (Australia), IFSC (Belize) Minium Initial Deposit $5 Demo Account Yes Asset Coverage Forex, Stocks, Indices, Commodities, Precious Metals, Energies & Cryptocurrencies Leverage 2:1 to 888:1 depending on instrument & jurisdiction Trading Platforms MetaTrader 4 & MetaTrader 5, Web Trader, Mobile.

How Is XM Regulated?

The XM brand (XM Group) is a group of online regulated brokers. The group’s first entity was founded in 2009 in Cyprus (regulated by CySEC under license 120/10) under the name Trading Point of Financial Instruments Ltd.

In 2022, the group established an entity (ASIC-regulated, license number 443670) in Sydney, Australia, and the same year obtained regulatory status in London (FCA-regulated, license number 705428), under Trading Point of Financial Instruments UK Ltd.

More recently, XM Global Limited was established in 2022 in Belize (regulated by the IFSC, with license number IFSC/60/354/TS/18).

Other Legal Information.

XM Global has its registered address at No. 5 Cork Street, Belize City, Belize, C.A. XM Global (CY) Limited has offices in Cyprus. This is at 36, Makariou & Agias Elenis, ‘Galaxias’ Building, 5th floor, Office 502, 1061, Nicosia, Cyprus.

Anyone interested in trading with XM should also be aware of areas where it is not available. Residents from certain countries cannot receive services from XM Global Limited. These include the USA, the Islamic Republic of Iran, and Israel.

You can view all of the relevant legal documents for XM on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents in this section, all available for download as PDFs.

XM Overview.

The broker offers an advanced trading platform as well as flexible trading conditions to accommodate a range of global clients. XM’s expertise comes from in-depth knowledge of and experience with the global financial markets.

The broker is dedicated to offering superior services. Those include trading currencies, CFDs, precious metals, energies, and equity indices.

XM also offers its operational philosophy as a reason to consider choosing this company as a broker. Its philosophy is to earn loyalty as a way to ensure the satisfaction of clients. XM recognizes that credibility and reputation are closely linked.

XM also takes steps to adapt to changing client needs as they become more demanding and sophisticated. This is done by monitoring industry trends and technologies. XM is proud to have never compromised on factors impacting client performance. This directly leads to the broker’s ability to deliver the best execution and tight spreads.

One of the important characteristics of XM is the company’s strive to remain human and connect with clients. This is why management has visited more than 120 cities worldwide to meet with clients as well as partners. XM feels that human interactions have a high value and always aims to deliver those interactions.

XM strives to offer a range of learning opportunities for traders of all skill levels. Part of this is hosting seminars around the world. The goal is to give traders the skills needed to make improved trading decisions. XM has already hosted hundreds of these seminars, with even more planned.

The XM Foundation.

XM also runs the XM Foundation. This foundation focuses on creating equal opportunities via humanitarian action. The mission of the XM Foundation is making a positive difference to people and assist them with achieving their potential. This goal applies regardless of religion, ethnic background, and culture.

The XM Foundation assists with development and access to vocational skills and education via initiating projects. It also provides international aid by working with international and local human aid foundations that are active.

The XM Foundation page on the XM broker’s website includes recent news and initiatives from the foundation. These include specific donations made and the goals of those donations.

What Types of Accounts Does XM Offer?

XM lets clients choose from four main types of accounts: Micro, Standard, XM Ultra Low, and Shares Accounts. All account types have exceptional trading conditions and unlimited access to MT4/MT4 with EA trading.

XM also offers the ability to trade standard or micro lots, and the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis. There is also multilingual customer support plus Personal Account Managers.

Micro and Standard Accounts.

Micro Accounts can have the base currency of USD, GBP, EUR, CHF, JPY, AUD, PLN, HUF, RUB, ZAR, or SGD. 1 lot is 1,000 and there are no commissions. This type of account has negative balance protection, trading bonuses, and no deposit bonuses.

An Islamic account is optional and the minimum deposit is $5. Hedging is allowed. Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5. These clients can only have up to 200 positions open or pending at a time. There is a limit of 100 lots per ticket.

The main difference for Standard Accounts with XM is that 1 lot is 100,000. There is a restriction of 50 lots per ticket and the minimum trade volume is 0.01 lots. Other than this, the Standard and Micro Accounts are essentially identical.

XM Ultra Low Account.

An XM Ultra Low Account is available with the base currency of USD, GBP, EUR, SGD, AUD, or ZAD. You still have no commissions and negative balance protection. Islamic Accounts remain optional. There are no trading bonuses and no deposit bonuses, plus hedging is allowed.

The minimum deposit is $50. There is still a maximum of 200 open or pending positions. XM Ultra Low Accounts can be Standard Ultra or Micro Ultra. For Standard Ultra, minimum trade volume is 0.01 lots and there is a limit of 50 lots per ticket. For Micro Ultra, these figures are 0.1 lots and 100 lots, respectively.

What Other Accounts Does XM Offer?

Shares Accounts are always Islamic and have a minimum deposit of $10,000. There are no trading bonuses, no deposit bonuses, and hedging is not allowed.

The contract size is 1 share with a minimum trade volume of 1 lot. Clients can have a maximum of 50 positions open and pending, and the lot restriction per ticket depends on the share.

XM can also help clients create custom-tailored accounts for trading forex. This allows flexibility to meet the needs of any client.

Islamic Accounts.

As previously mentioned, most of the account types available on XM are offered as Islamic accounts. Islamic or swap-free accounts do not have any rollover or swap interest for overnight positions.

To open an Islamic account, simply open an account normally and then validate it in the Member’s Area. At this point, you just contact XM to change it to an Islamic Account. Keep in mind that XM does reserve the ability to revoke the swap-free status in case of abuse.

Compared to other forex brokers who offer Islamic accounts, XM’s offerings stand out. That is because most brokers will give Islamic accounts higher spreads. XM, however, does not apply additional charges on Islamic Accounts.

Additionally, XM remains respectful to the idea of Islamic Accounts, never using “swap-free in disguise” accounts. Some brokers use this type of account, in which they transfer the interest charge to a different fee. As this would still be a charge covering interest, it goes against ethical and fair trading.

What Assets Can You Trade With XM?

XM gives clients the ability to trade more than 1,000 instruments across seven asset classes. These include forex, individual stocks, precious metals, commodities, cryptocurrencies, energies, and equity indices.

You can view all the specific instruments available for trading on the individual asset pages.

There are 57 forex pairs available, including majors, minors, and exotics. There are 1,210 stock CFDs. You can browse or search them, including by country. The stock CFDs span 17 countries. Those include the USA, the UK, Germany, France, the Netherlands, Belgium, Switzerland, Spain, Greece, Italy, Portugal, Norway, Finland, Sweden, Austria, Australia, and Russia.

XM offers access to eight commodities via futures CFDs. There is access to 18 cash indices CFDs and 12 futures indices CFDs. XM also lets clients trade two spot metals instruments, gold and silver. Finally, there are five futures CFDs of energies.

What Trading Conditions Does XM Offer?

The specific trading conditions vary based on account type. Leverage for Micro Accounts with trades between $5 and $20,000 is 1:1 to 1:888. For trades between $20,001 and $100,000, it is 1:1 to 1:200. For those at or above $100,001, it is 1:1 to 1:100. This is known as dynamic leverage.

Essentially, the margin percentage will increase as the volume per trade increases. The spreads on Micro Accounts can be as low as 1 pip. There are no commissions. This information is identical for Standard Accounts.

For XM Ultra Low Accounts, the leverage is identical, but spreads can be as low as 0.6 pips. There are no commissions. There is no leverage on Shares Accounts and the spread is per the underlying exchange. There is a commission with this type of account.

You can view all trading conditions for each specific asset by visiting the asset class’s page. There, you will find minimum price fluctuations, starting point for spreads, swap values, average spreads, and value of a lot.

The information provided varies by asset class and can also include min and max trade size and margin percentage. All of this information is divided by account type, so you know where you stand for each specific asset.

XM Spreads.

It is important to note that XM uses variable spreads, as does the interbank forex market. By offering variable spreads, XM is able to eliminate the need for an insurance premium. That would be necessary for fixed spreads since they tend to be higher than the variable spreads.

This is further hampered by the fact that many brokers restrict trading close to news announcements. As such, the required insurance premium becomes worthless.

By offering variable spreads, XM is able to avoid these issues for traders. There are also no restrictions related to trading at the time of news releases.

XM also gives clients access to fractional pip pricing. This allows for the best prices from the XM liquidity providers.

Essentially, a 5th digit can be added to the typical 4-digit price quotes. This lets clients take advantage of even tiny price movements. It also allows for the most accurate quoting and tighter spreads.

XM Leverage and Margins.

Essentially, clients with XM are typically able to select leverage between 1:1 and 888:1. This depends on the account type, asset, and trade size. The margin requirements remain the same 24/7, including on weekends and overnight. XM also allows you to request a change to your selected leverage, either a decrease or an increase.

XM cautions traders that trading with leverage carries a risk. It does, however, also increase the potential rewards from trading. To help clients manage real-time risk exposure, XM offers the ability to monitor your margin.

You can monitor both the free and used margin, which combine as the equity. The used margin is how much money you must deposit for holding a trade. Free margin refers to the quantity still in your trading account. This will fluctuate based on account equity. You can use it to absorb losses or open additional positions.

XM also has a margin call policy that ensures the maximum possible risk never exceeds the account equity. If your account equity dips under 50 percent of your required margin for open positions, XM sends a margin call warning.

This is a notification that your account lacks sufficient equity for supporting the open positions. For those who typically engage in telephone trading, the dealers may give a margin call. This is essentially advisement to either deposit funds or close positions.

For further fund protection, XM also has a stop-out level. This is the equity level that causes your open positions to automatically close. Retail clients with Standard, Micro, or XM Ultra Low Accounts have a stop-out level of 20 percent.

What Should You Know About Overnight Positions With XM?

For overnight positions, XM prides itself on offering competitive and transparent swap rates. The rollover policy is that XM will credit or debit client accounts and take care of rollover interest.

This applies to any position held open following 22:00 GMT. It is important to note that rollovers do not take place during Saturdays and Sundays since the markets are closed.

Despite this, banks will calculate interest on positions held during the weekend. As such, XM applies 3-day rollover strategies on Wednesday.

How Do You Place an Order With XM?

XM allows you to place a range of order types. These include trailing stops, stops, limits, and market orders. Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method.

What Are the Trading Hours?

The trading hours on XM are those of the market. For the forex market, one market will close when another opens thanks to markets in New York, Sydney, Tokyo, and London.

This allows for 24/5 trading on the forex market. The XM trading hours are from Sunday at 22:05 GMT to Friday at 21:50 GMT. This applies to phone trading.

If you use the trading platform outside of these hours, trades will not execute. Instead, you can only view the relevant features.

What Is the XM Execution Policy?

With XM, clients can trade with real-time execution and no requotes. Since the policy began in 2010, XM has had no rejection of orders and no requotes at all. 100 percent of orders are executed, with an impressive 99.35 percent executed within a second.

You can place orders on the XM-supported platforms at any time during the trading hours. Positions stay open until your closing trade gets executed. The balance of your account will be updated in real time to reflect the current market prices. Just keep in mind that there is a maximum of 200 positions that can be opened at a time. This includes pending orders and is per client.

XM offers fractional pip pricing that makes it possible to trade using tighter spreads. It also allows for the most accurate quoting possible.

Fills for market orders occur with a simple click. Market orders can be filled with up to 50 lots (or 5 million). Those who want to trade even larger quantities with market orders have two options. You can place the trade by phone or divide the order into several smaller ones.

Fills for limit and stop-loss orders are guaranteed with up to 50 lots. These occur at the market price that is the best available. This policy allows clients to manage their risk.

There is a clear policy for market gaps between Friday close and the Sunday opening. This can include holidays and weekends. XM will execute the pending stop and limit orders at the first market price available for the position size.

Even in cases of illiquidity and volatility, XM has a competitive policy. XM partners with numerous liquidity providers to significantly limit the risk of illiquidity. In volatile market conditions, XM will execute orders at the market price that is the best available.

What Trading Platforms Can You Use With XM?

Clients of XM have access to either MT4 or MT5, both of which are popular MetaTrader platforms. They are available across devices and you can trade via the XM WebTrader in the browser.

Despite the popularity and prevalence of the MetaTrader 4 and MetaTrader 5 platforms, XM stands out. XM was a pioneer in offering an MT4 platform that focuses on trading execution quality. Trading on MT4 with XM gives you access to leverage between 1:1 and 888:1. There are also no rejections or requotes.

MetaTrader 4.

The MetaTrader 4 platform for XM gives you a range of features. There are more than 1,000 instruments available to trade via this platform. With a single login, you can access 8 different platforms.

There is full support for Expert Advisors and one-click trading. Choose from three chart types and use the technical analysis tools, which include 50 indicators plus charting tools.

Spreads on this platform start at just 0.6 pips and there is the option of micro lots. There is also VPS functionality, and hedging is allowed.

Additionally, there are built-in help guides for MT4 as well as Metaquotes Language 4. The platform can handle a wide range of orders. It also allows for the creation of custom indicators as well as time periods.

You can use MetaTrader 4 to manage your trade history in the database, including importing and exporting. There is also an internal mailing system and a guarantee of full security and backup.

MetaTrader 4 is available for PC, Mac, iPad, iPhone, Android, Android Tablet, and as the WebTrader. All versions have similar functionality and allow for working on one device and then switching to another.

MT4 Multiterminal.

Although MT4 Multiterminal is technically a variation of MT4 for XM, it has additional functionality. This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal.

Using MT4 Multiterminal gives you a single login and password to access the accounts. It supports as many as 128 trading accounts.

You still get similar features to other MT4 platforms. MT4 Multiterminal offers three allocation methods, multiple order types, and execution and management in real time.

MetaTrader 5.

The other major platform available from XM is MetaTrader 5. MT5 builds on the offerings of MT4, adding 1,000 stocks/shares CFDs. As such, it is a great multi-asset platform.

You still get the same flexible leverage and no requotes or rejections. There is a single login for seven separate platforms.

MT5 is available for PC, Mac, iPad, iPhone, Android, and Android Tablets, or as a WebTrader.

MT5 allows hedging, full EA functionality, and one-click trading. It supports all order types and spreads start at 0.6 pips.

There are more than 80 technical analysis objects plus more than 40 analytical objects. MT5 shows the market depth of the latest price quotes.

This platform also lets you display an impressive 100 charts simultaneously. Those who want more will appreciate the superior MQL5 development environment built-in. There is also a multi-currency tester, alerts, and an internal mailing system.

How Can You Learn to Use the XM Platforms?

In addition to other educational resources, XM offers extensive information to guide the use of MT4 and MT5. On the pages for each platform, you will find multiple tutorial videos. These cover things like using Expert Advisors, placing orders, the terminal window, using templates, and more. There are 27 tutorial videos for MT4 alone.

At the bottom of the same page, you will find FAQs for MT4, including validating and gaining access to your account. XM has a similar FAQ section for MT5.

It is also worth noting that MetaTrader 4 and MetaTrader 5 are very widely used. As such, there are also numerous support and educational materials available online from third parties.

XM Trading Tools.

XM gives clients access to a long list of algorithmic trading tools.

These include River Indicator, Ribbon Indicator, Ichimoku Indicator, Bollinger Bands Indicator, and ADX and PSAR Indicator.

You can make use of any by contacting your Personal Account Manager. Those supplement the algorithmic trading tools already built into MT4 and MT5.

XM also offers live account holders free forex signals from Avramis Despotis in the Member Area. Or you can use MQL5 Trading Signals. There is also an economic calendar and forex calculators.

Research and Education.

XM gives clients access to an extensive Research and Education center. There are daily updates on major trading sessions. There are also daily briefings for critical market events.

Twenty multilingual market professionals man the center to ensure up-to-date information in a range of languages.

What Type of Research Does XM Offer?

There are separate homepages on XM for research and for education. The research section includes highlights and links to the subsections. The right side of the screen shows some of the most common assets and their current spreads and prices. Below this, there is a calendar of webinars.

The Market Preview page features daily previews of the European open. Here, you can find assets to watch and some expert insights. The Stock Market News section is as it sounds, with news related to stocks.

Articles may be news-related when relevant or labeled as technical analysis. There is then a separate page for Forex Previews, also with news and insights. You can also find a separate Technical Analysis page on XM. This page has recent expert technical analysis on a range of crucial assets and their movements.

The Special Reports page has more in-depth articles, but they are posted less frequently. The previously mentioned pages have new articles nearly every day, if not more often. By contrast, there are Special Reports posted a handful of times each month, when the need arises.

Those who prefer videos over reading will appreciate the Analysis Videos. There are videos for the Daily Forex News, Daily Technical Analysis, and Weekly Forex Outlook. All videos feature professionals in the industry, with their expertise listed below the video.

The Daily Forex news includes both news and analysis. The Daily Technical Analysis focuses on forex markets and includes simple technical indicators. The Weekly Forex Outlook covers the main events of the past week and explores their effect on major currencies. It also looks at the economic data we will be seeing soon.

XM Webinars.

Like most brokers, XM offers a range of seminars and other educational tools to help traders enhance their skills. This includes hundreds of seminars that have already been hosted around the world, with more to come.

Compared to other brokers, XM does an excellent job of offering webinars. They are available 7 days a week from 37 webinar instructors and in 19 languages. To view the schedule, simply click on the language of your choice.

The education rooms mentioned below also serve as daily webinars in English. For other languages, you will find dozens of webinars with focused topics, such as specific tools.

Some webinars are more general. Each webinar includes the title, description, date, and time as well as what you can expect to learn. You can also register for the webinars right there.

If you visit the seminar page, you can view recent seminars. There are also archives for information on older ones. Clicking on a past seminar will show you the location and date as well as photos and news.

At the top of the page, you will see the upcoming seminars. At the time of writing, 16 were listed in a range of countries from the Philippines to Mexico.

Click “Register Here” to view information on the seminars date, time, location, and language. This is also where you can register for the seminar.

What Other Education Does XM Offer?

XM also offers Education Rooms. There are three of these, each custom-built. They all have daily live interactive training on weekdays. They include coverage of all topics with real-time guidance and up-to-date information.

Every education room has a systematically designed syllabus to help you strengthen your skills. Anyone, whether or not they are a client of XM, can access the Primary Education Room. This room focuses on fundamentals, basic concepts, opening accounts, and trading, among other topics.

The Intermediate Education Room is open to those with a validated XM account. This room helps with the development of strategies needed to hone strategic thinking. It also includes education about various analysis tools, like Bollinger Bands and the Avramis Ribbon.

Finally, the Advanced Education Room is open to anyone with a funded XM Account. To access it, you must have deposited a minimum of $500 USD in the past three months. This room delivers real trading experience using real-time simulated trading conditions. Visiting this room helps clients actually use time frame techniques, charting techniques, indicators, and more.

There is also a range of educational videos available on XM. They are divided by the same Primary, Intermediate, and Advanced distinctions. All videos are Primary or Intermediate so anyone with a validated XM Account can access all of them.

There are eight videos, covering topics such as an intro to financial markets and trading essentials for Primary levels. The Intermediate videos cover fundamental and technical analysis, money management, trading psychology, and trading strategies.

You can also find the previously mentioned MT4 Video Tutorials in the education section of XM.

XM Customer Support.

XM offers support via live chat as well as the phone. You can contact the company via its registered address at No.5 Cork Street, Belize City, Belize, C.A. Or you can take advantage of the support email address or the live chat. Or you can access phone support. Both the live chat and phone support are available 24/5 for convenience. This way, clients do not have to wait to get answers to important questions.

Client support is available in more than 30 languages. This makes it possible for nearly anyone to communicate with the support team in their preferred language.

If you have a complaint, XM encourages you to contact either your Client Relations Manager or the Customer Care Company. Most customer complaints can easily be resolved via this step. In cases of an unresolved complaint, XM asks that you contact the Compliance Department of the company.

The Compliance Office handles all complaints impartially. It also takes necessary actions in accordance with XM’s Complaints Handling Procedures. The Complaints Form is easy to find within the Members Area.

XM Awards.

Third parties also indicate their approval for XM via awards and accolades. XM organizes its awards and accolades into categories.

Its most recent Forex Service Award is the title of the Best FX Service Provider. This honor was awarded by the City of London Wealth Management Awards 2022. XM was also named Best Forex Customer Service by Shares Magazine in the UK Forex Awards 2022. Capital Finance International Magazine (CFI.co) named XM the Best Market Research & Education and Best Trading Support for 2022.


XM is an international broker offering clients access to more than 1,000 instruments across 7 asset classes. XM has high liquidity and no requotes or rejections of orders.

There are four account types to choose from, plus the ability to customize an account. A demo account is available and you can open a live account with just $5.

Depending on where you are based, XM also offers some nice signup bonuses including a no-deposit bonus of $30 and another 100% bonus matching your deposit up to $5000.

XM has an excellent educational area for clients new to trading, including videos, tools and live webinars it’s one of the best educational areas we have seen with a broker of this type.

They don’t offer their own propriety trading platform, instead opting to support Meta Trader 4 & 5.

XM is a large and well regarded company with some good offers and is well regulated so you can feel safe when choosing this broker to trade with.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Xm forex 5

XM Review 2023.

The global market for forex and commodity trading is a complicated place to gain success. People new to the world of trading financial instruments cannot tread these waters and earn profits by themselves. They need brokers who can assist them in their journey to financial freedom. In this category, XM Group or XM has emerged as a next-generation broker that offers a range of services in online forex and commodity trading. XM Global is an incubator for helping beginners become seasoned traders. In 2021, the XM ecosystem is one of the world’s largest network of traders, having millions of active trading software users around the world.

XM Overview.

Official Website https://www.xm.com/ Headquarters Republic of Cyprus Found in 2009 Regulators CySEC, ASIC, IFSC Products offered Forex, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares Minimum Initial Deposit 5$ or more depanding on account type MetaTrader 4 (MT4) Yes MetaTrader 5 (MT5) Yes Trading Fees Low Inactivity fee Low Withdrawal fee Low Supported currencies USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR, and more Customer Support 24/5 Live Help.

There are several reasons why XM is one of the best-regulated brokers and trading service providers. One can test the XM brokering experience with a demo account to its trading platforms and services. But, before you invest your thousands of dollars with this particular broker service, it is essential to know the ins and outs of it. From auto trading services to commissions spread, this XM review explores how this CFD and FX broker service registers its proclaimed 99.35% efficiency across its activities. This XM review will also highlight this broker service’s drawbacks to put forth a transparent and unbiased assessment. Let’s find out all the features of XM & dig deeper into the XM review.

What is XM?

XM Group is a community of regulated online brokers offering their services since 2009. It was registered as a service provider in 2022 under the company Trading Point of Financial Instruments Pty Ltd. However, XM is currently regulated by two securities commissions – Cyprus Securities and Exchange Commission (Reg. – CySec 120/10) and the Australian Securities and Investments Commission (Reg. – ASIC 443670). In 2022, the group established XM Global, which is now regulated by the International Financial Services Commission (Reg. – IFSC/60/354/TS/19).

XM is a platform that provides its brokering services to a large clientele of online traders. As of 2021, the platform has registered over 1.5 million XM traders across more than 190 countries. The XM trade ethos focuses on expanding its clients with fair practices. The company emphasizes trade personalization and excellent customer service. XM helps its clients with various trading platforms, tools, and services to deliver a successful trade. These services are aimed at meeting the tailor-made investment goals of every client.

The Trading Point of Financial Instruments Ltd is an umbrella for multiple XM broker entities. These services adopt the regulatory status of XM under various jurisdictions. Headquartered in the Republic of Cyprus, the XM Group now runs its entities in Sydney, Australia, and the United Kingdom. XM has a Financial Conduct Authority (FCA) -regulated entity in London with license number 705428, registered under Trading Point of Financial Instruments UK Ltd. In 2022, the company’s latest entity XM Global Limited gained regulatory status in Belize.

XM Group Brokers – How They Work?

Before going further into the review, it is important to understand the complex nature of CFDs. A “contract for differences” is a complex instrument holding a high risk, where traders could lose money in the event of rapid leverage. The market for CFD trading is highly volatile, as nearly 75% of investor accounts tend to lose money when trading CFDs. Traders are more likely to lose money if they do not have brokers’ guidance, such as XM, that illustrates the power of effective CFD trading.

XM runs its services across multiple tiers of trading categories. There are four types of user accounts that XM offers for its users. The following accounts allow up to 200 open or pending positions for each client.

XM Micro Account : Micro user accounts gain access to trading in USD, GBP, EUR, AUD, CHF, HUF, JPY, and PLN currencies. The base currency trading in this account starts with a minimum deposit of $5. There are 1,000 units of the base currency in one Micro lot. XM Standard Account : The base currencies for a Standard account include AUD, USD, GBP, CHF, EUR, JPY, PLN, and HUF. The base currency trading in this account starts at a deposit of $5. There are 100,000 units of the base currency in one Standard lot. XM Zero Account : Zero trading account base currencies include EUR, USD, and JPY. A minimum deposit of $10 activates this account. There are 100,000 units of the base currency in one Zero lot. XM Ultra-Low Account : For Ultra-Low trading accounts, users can trade in GBP, EUR, USD, AUD, SGD, and ZAR base currencies. They need to make a minimum deposit of $50 to enable Ultra-Low trading. There are 100,000 units of the base currency in One Standard Ultra lot and 1,000 units of the base currency in One Micro Ultra lot. The XM Ultra-Low account applies to only limited entities of the XM Group.

Across these four accounts, XM can broker its client’s investments during the global working hours of the Forex market. While XM phone trading is available 24 hours every day, the official XM working hours start from 22:05 GMT Sunday to 21:50 GMT Friday.

One can set up a demo account to experience a simulated working of XM broker services. The XM demo account allows users to use virtual broker services on their trades. The platform also offers a virtual base currency balance of $100,000 for demo account users. With its unique algorithmic processing, the XM demo account provides the trade’s exact features and outcomes under real market conditions for the users. In addition to this, the platform does not limit the usage time of a demo account. There is no trial period for using an XM demo account.

A free virtual private server runs the XM services and boosts the speed of trades. This VPS is accessible to users from anywhere and has a 24/7 uptime. Due to this server, XM works efficiently and can broker without any technical downtime. The VPS also improves the XM services provided across the globe. Being regulated by the European Union, XM works under ESMA’s compliance, which is why it no longer offers the $30 deposit bonus to EU traders. XM broker can trade with 1000 financial instruments through its platforms. It can broker the trades for Stocks CFDs, Equity Indices CFDs, Commodities CFDs, Forex, Energies CFDs, and Precious Metals CFDs. The platform can broker your Forex trading on over 55 currency pairs, from USD and GBP to EUR and JPY pairs. However, XM does not broker any futures or binary options.

Services Offered by XM Group.

The XM forex review breaks down the services this broker company provides, which primarily categorizes into research, training, and platforms. The company offers a list of services under its market research category. Similar services are also offered to educate traders on how to become successful in the game. The company further provides its software services with the licensing of MetaTrader 4 and MetaTrader 5 platforms.

XM TV: This service broadcasts a precise real-time commentary of in-house markets to its users every day. The broadcast is developed with the industry leaders of trading video broadcasting created by CMC Markets and Saxo Bank. The market research video content is broadcasted outside of trading platforms, and the group also offers an end-to-end high-quality video content package to its most traders. This service satisfies users by delivering credible and authentic daily forex news. The videos provide market analysis, which is televised in the style of an interview. Audio from these video content is further uploaded in a podcast to help traders get syndicated access to such content in multiple media formats. Research and Educational Articles : Apart from videos, the group delivers its market news content in documented articles. The news on the group’s official website showcases a list of updated articles on market research. Users can filter the content of these articles based on asset classes and find the most relevant pieces of information with ease. Research articles about stocks, forex, indices, and cryptocurrencies are made available to the users. These articles improve market research content assessment, which helps the group deliver better services as a broker. The articles are also educational, providing daily market recaps supported by fundamental and technical analysis. A series of 53 written articles structured progressively in six chapters help the traders experience best-in-class training. These articles cover 13 important lessons on forex trading, helping traders with basics and advanced aspects of the domains. However, the group has a scope of adding some more content on CFD education through these articles. Webinars : This service is developed and orchestrated by 49 professional webinar instructors. These sessions are conducted across 19 languages and scheduled repeatedly every week. The group takes extensive care of delivering webinars by adjusting to the time-zones and planning a detailed schedule to meet the organization and experience levels for subscribers and traders. Market Trading Signals : The group offers its insightful services by creating market intelligence data under the “Trade Ideas and Technical Summaries” section. Only live user accounts get access to the trading signals services. These signals are streamed live from Analyzzer and Autochartist tools. The broker also shares trading ideas offered by the Trading Central platform. Along with the MetaTrader signals, the group also enabled automated trade duplication by supporting a social trading duplication from related experts and trading advisors from Analyzzer. Tradepedia : This is a unique service the broker offers by sharing an in-house video course to provide high-end Forex and CFD trading education. The series of 39 videos covers seven chapters to help a beginner trader gain tricks of advanced practices. The course instructor runs a demonstration of using the group’s proprietary indicators, namely the Avramis River indicator, to interpret the outcomes of different market conditions.

This review gives the broker group a high score for offering such high-quality and diversified content on education and research. From those in-house videos to the trading signals, XM Group marks its niche against competitors such as FXCM and IG, among others.

Besides the services mentioned above, XM is best known for providing access to two trading platforms – MetaTrader 4 and MetaTrader 5. These platforms are the instruments that drive the success of live and demo accounts of the company. The group gives users complete access to the winning MetaTrader 4 & 5 platforms. These forex trading platforms have been instrumental in managing the multi-asset trading activities of XM clients for years. These platforms not only enable access to trading stock indices, stocks indices, and precious metals but also allow the on-the-go mobility of users with their mobile applications.

The following section offers a summarized review of the full MetaTrader suite (MT4 & MT5) to provide additional information. The broker group updates these platforms with the latest add-ons and establishes its exclusive community as the best MetaTrader broker. These platforms help XM Group tick all the boxes in offering the top-level technologies to its clients through the multiple proprietary indicators of the MetaTrader suite.

XM Platforms – MetaTrader 4 Overview.

Being one of the world’s most popular and commonly-used trading platforms, MetaTrader 4 is designed to help new Forex traders with excellent broker estimations. More than 85% of brokers use the platform as an essential tool to understand and explore trade brokering activities. The layout of this trading platform is very intuitive. Features are easy to navigate, and several sections are unified under one dashboard. The upper left panel showcases the real-time market status and helps traders use the navigator window by viewing the market developments. The right panel displays a chart window where different types of charts reveal market statistics. Below that panel, a terminal window indicates the market positions, trading balances, latest news, and emails from the broker. Besides its web application, MetaTrader 4 is available for desktop and mobile operating systems of platforms, namely, Windows, iOS, and Android.

XM Platforms – MetaTrader 5 Overview.

Next in the series is MetaTrader 5, the advanced multi-asset trading platform developed for institutions. Large trading companies use this multi-functional trading platform to run their stock and commodities trading. It is not as forex market-centric as MetaTrader 5; however, there are a few factors common between the two platforms. MetaTrader 5 is available on the web, desktop, and mobile app versions. It is easy to navigate and has all the features provided by MetaTrader 5. In addition to those, the trading platform has built-in trading robots and an open-source database of trade strategies.

The platform offers a virtual hosting and copies trading service, and runs its UI into 31 languages. MetaTrader 5 is suitable for advanced traders and day-time traders. It’s a smart interface, and a suite of advanced analytical tools makes it a sought-after platform for XM clients under all account types. It also allows 21 timeframes across eight different types of pending orders. It delivers a new breadth of asset classes and has an economic calendar that tracks main market developments. Between MT4 and MT5, this trading platform may be intimidating for beginners due to its complex programming and advanced tools.

XM Reviews – Pros and Cons.

The XM review has further assessed XM based on its benefits and shortcomings. The pros and cons of using the broker’s trading account have been summarized below.

Pros Cons The platform charges low fees for CFD trading and withdrawals. The platform has a limited product portfolio for traders. Opening a new account is fast and very user-friendly. It deals with trading CFDs and forex and does not accurately support cryptocurrency or other financial instruments. The platform offers multiple educational tools and hosts webinars regularly. The forex fees are average and not necessarily affordable for all types of users. Users get access to a demo account with simulations of all features and no time limit. There is no protection for investors onboarded as non-EU clients. The platform runs a full-service package on educational content for all users, beginners as well as experts. The customer support is available only from Monday to Friday. It is best for forex trading and creates strong foundations for new users’ first steps into forex trading. There is very little diversity between the account types for users, creating a degree of low personalization for traders. It offers relatively affordable access to expert analysis and advanced market tracking tools. The Micro, Standard, and Zero trading accounts are more or less similar. It maintains robust customer service. Currently, the platform does not allow users to deposit money via PayPal. Users from different regions get technical support with the platform’s multi-linguistic support. Users from certain regions, particularly Canada and the United States, are restricted from using the platform due to regulatory non-compliance and regional licensing limitations.

The XM.com review observes the plus points of the group have a higher weightage than their downsides.

XM Fees & Commission Structure.

The fees and commission structure review of XM offer in-depth details on how users can make money from different account types. XM brokers have their payment and commissions process developed according to the conventional KYC regulations. For identification, the users have to produce a color copy of their official ID proof, either a valid passport or a valid driver’s license. In addition to this, the users must submit proof of their permanent address by providing a copy of the utility bills for the last three months.

Deposit : When the registration of the new account is completed, every user is eligible to make money by adding a minimum deposit of $5 or more, depending on the account types. Micro and Standard accounts require a $5 deposit, while Zero user accounts are enabled on a minimum deposit of $100. These deposits serve as fees for the broker services and cannot be refunded. The group also allows users to add money using electronic payment gateways, credit cards, wire transfer services, and local bank transfer services. The XM fees can be deposited only as per the rates of the currencies supported by the platform. The broker can also allow users to automatically convert their regional currencies into the supported base currency for opening the account. Account Commissions : The group charges its commissions and fees based on the type of account. It also depends on the entity involved with the client’s account. The Micro and Standard accounts are commission-free but expensive while the Zero account is more competitive and charges commissions. Spreads & Commissions : The XM Zero account is commission-based, where the average spreads on the USD/EUR exchange stand at 0.1 pips. This makes the spread effective at 0.8 pips when the users include the $7 commission for every round-trip. The Standard and Micro accounts are commission-free, where the average spreads on the EUR/USD currency pairs ranges from 1.6 to 1.7 pips, becoming relatively less attractive for XM Group clients. Since XM practices a robust “no hidden fees” or “no extra commission” policies, these commissions guarantee all the fund transfers and same-day withdrawals and cover the fees involved. Leverage: Based on the instrument, the users get a leverage range from 2:1 to 30:1. This range stays flexible, and the group offers its users some opportunities for leverage risk management. The margin requirements for these leverages remain thoroughly constant for every week. The group does not widen the requirements at night or over the weekends. The leverage applies to the clients registered with an EU-regulated XM entity only. Shares trading : Brokers from XM Group provide a Shares trading facility to users. The client has to make a $10,000 deposit to invest directly in the non-CFD trade shares without any leverage. This Shares trading account is available at limited the entities of the group. Execution : XM Group is the sole proprietary dealer and the principal market-maker for the trades it brokers and executes. It executes the trades for up to $50 million worth of the base currency at a single time. It also permits such trades for 200 open positions simultaneously, which is quite reasonable compared to other forex broker groups in the market. Withdrawals : The XM broker processes the withdrawals within 24 hours of the request. There are no additional fees charged for withdrawing the money. Users can take the money or store it in the XM wallet or other eWallets. For the instant execution of withdrawals, users must not requote their withdrawals. In special cases, XM also offers commission and fee-free deposits and withdrawals.

Mobile Trading with XM.

A quick review of the XM mobile apps uncovered why this broker service is much appreciated in the global trading community. XM Group allows its clients to run the MetaTrader platforms’ user versions on their smartphone and mobile devices, MT4 and MT5 mobile apps drive the mobile trading abilities of the users. The MetaTrader-only broker mobile apps are also available. All these applications are compatible with iOS and Android platforms. The MT4 and MT5 mobile apps also come in their standard native development package at the Google Play Store and Apple App Store, respectively. There is no proprietary mobile app for XM Group but is expected to reach the market in the coming years.

XM services are available on Android as well as iOS users. These apps can run on Apple iPhones, Apple iPads, and all Android-supported mobile devices. The apps are regularly updated and provide an authentic login process to protect account privacy. XM mobile trading also helps clients in monitoring their trades remotely. The web-based version of MetaTrader platforms is also functional on mobile web browser apps and supports one-click XM trading.

Is XM Safe for Trading?

Almost every review on XM Group labels the service with an average risk. The XM forex broker is not a high-risk service compared to several other peers. Out of 99, the overall trust score of XM is 84. While XM Group is not publicly-traded, it also does not operate as a bank or any financial organization. The XM Group, however, is authorized by multiple-tier regulators. It has two tier-1 regulatory authentications that label it with high trust. It also has one tier-2 and one tier-3 regulatory authentications for denoting average trust and low trust, respectively. The XM Group and the Trading Point of Financial Instruments Ltd. are safe under the ASIC and FCA regulators.

As noted in the initial sections of this review, the XM Group and the Trading Point of Financial Instruments Ltd. are primarily regulated by the Cyprus Securities and Exchange Commission. The company – Trading Point of Financial Instruments Pty Ltd – has been safely operating since 2022, with no regulatory implications from the commissions. As a trusted broker, XM operates in countries namely, Australia, the United Kingdom, Thailand, South Africa, Hong Kong, Singapore, France, Norway, Germany, Sweden, Denmark, Italy, Luxembourg, the United Arab Emirates, Qatar, Saudi Arabia, Kuwait, and India, among others. The users must also note that XM is not safe for trading in the United States, Canada, Israel, Iraq, and Iran.

XM Review – Key Takeaways.

Based on the above XM broker review, the financial service called XM Group has emerged to be quite a leader in its industry. Since 2009, the group has expanded its financial services across multiple domains and regions. The XM review finds that the group has evolved pragmatically over the years. It poses an average-risk to the trader with its two tier-1 jurisdiction authentications. It is an essentially safe broker for trading forex and CFDs.

The XM trading review also observed that XM Group runs exceptional customer support. The live chat service ensures that new traders evolve in their profession with optimum help. In addition to the live chat, the group gains its success in customer support by educating users with MetaTrader platforms. The client can deposit the required fees, access the complete MetaTrader suite offered by the broker, and use it as per their need.

The overall pricing at XM Group depends on the account type but is affordable. The broker turns out to be a low-cost solution compared to IG or CMC Markets. You can know more about the CMC market review from our post. Setting aside its drawbacks, the XM group of brokers will remain a strong choice for beginners and expert traders in the years to come.

While there are a few limitations to using XM’s financial services in certain regions or under some market restrictions, the broker does not miss making notable upgrades to its user experience. It offers tools with custom indicators to adapt to the needs of every trader. Among all the brokers, XM Group puts forth profound market research.


Is XM broker legit?

XM is a legit broker and is currently regulated by three securities commissions – Cyprus Securities and Exchange Commission (Reg. – CySec 120/10), Australian Securities and Investments Commission (Reg. – ASIC 443670), and International Financial Services Commission (Reg. – IFSC/60/354/TS/19).

Is XM a reliable broker?

XM Group or XM has emerged as a next-generation forex broker that offers a range of online FX and commodity trading services. The XM ecosystem is one of the world’s largest networks of traders, having millions of active trading software users worldwide. XM regulated by three securities commissions – CySec, IFSC & ASIC.

What about the minimum deposit?

When the new account registration is completed, every user is eligible to make money by adding a minimum deposit of $5 or more, depending on the account types. Micro and Standard accounts require a $5 deposit, while it is $50 for ULTRA LOW accounts.

Is XM forex broker good for beginners?

Yes definitely. XM is one of the best forex service providers. XM Group has a low minimum deposit, good customer service, an excellent web & mobile trading platform, low fees, great educational tools, and an easy account opening process. So based on these features, we can say that XM is suitable for beginners.

Is XM broker safe to use?

As per our analysis, each day, clients lost their money to scammers from unregulated services. But XM forex online broker has top-tier regulators. So we can say that traders can go with this FX broker. XM is a safe and trusted broker.