General Information
Founded in 2009, XM has grown to become a globally recognized broker with over 600 professionals who have been working in the financial sector for many years, serving over 5,000,000 clients from 196 countries and regions. Everyone's access to an advanced and transparent trading environment has been made possible thanks to the work of XM. With XM, traders can get access to more than 1,000 trading instruments, generous leverage up to 1:1000, spreads as low as 0.6 pips and up to $5,000 bonus.
Regulatory Information
Five entities of XM are under stringent regulation in their jurisdictions:
TRADING POINT OF FINANCIAL INSTRUMENTS PTY LTD, authorized and regulated by ASIC in Australia, with Regulatory License No. 443670
Trading Point Of Financial Instruments Ltd, authorized and regulated by CYSEC, with Regulatory License No.120/10
XM Global Limited, authorized and regulated by the Financial Services Commission in Belize (FSC), with Regulatory License No. 000261/309
TRADEXFIN LIMITED, authorized and regulated by the Seychelles Financial Services Authority (FSA), with Regulatory License No. SD010
Trading Point MENA Limited, authorized and regulated by the Dubai Financial Services Authority (DFSA), with Regulatory License No. F003484
Market Instruments
XM provides investors with access to the most popular and mainstream financial tradable instruments in the financial markets, with over 1000 instruments in 6 asset classes, mainly Forex (55 currency pairs, including major, cross-currency pairs, and non-mainstream currency pairs), commodities, stock indices, precious metals (Gold and Silver), energies, and stocks.
Account Types
To meet different traders' trading experience and needs, XM has set up four different account types: Micro (minimum deposit of $5), Standard (minimum deposit of $5), Ultra Low Spread (minimum deposit of $50), and Stock (minimum deposit of $10,000). Micro account is designed for novice traders who does not want to invest in much capital for their first trading. Standard account is suitable for traders with all trading levels and experience. Ultra-low account is deal for scalpers and experienced traders who pursue extremely low spreads. All these three accounts are offered a zero-commission trading environment. Shares account is exclusively for share trading, with minimum investment amount from $10,000, and trading commissions are charged.
Leverage
The leverage settings for Mini, Standard and Super Spread accounts are: $5-$20,000 for 1:1 to 1:888 leverage, $20001-$100,000 for 1:1 to 1:200 , and greater than $100,000 for 1:1 to 1:100. Stock accounts are not available for leverage.
Spreads & Commissions
The spreads on standard accounts start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Micro account start from 1.6 pips for EURUSD, 1.8 pips for EURGBP, 0.3 pips for Gold, and 0.03 pips for Silver. The spreads on the Ultra Low Spreads account start from 0.7 pips for EURGBP, 0.06 pips for EURUSD, 0.2 pips for Gold, and 0.022 pips for Silver. The spreads on Ultra-Low Spread Mini accounts start from 0.7 pips on EURGBP, 0.6 pips on EURUSD, 0.2 pips on Gold, and 0.022 pips on Silver. No commission is charged for Mini, Standard, and Ultra-Low Spread accounts. Stock trading commission: 4% per transaction for all US stocks (minimum $1 commission per trade), 0.10% per transaction for all UK stocks (minimum $9 per trade), 0.10% per transaction for all German stocks (minimum $5 per trade).
Trading Platform
XM provides traders with the market-leading and highly acclaimed MT4 and MT5 trading platforms available for PC, Mac, mobile (iPad, Android, iPhone), web, and multi-terminal.Powerful charting capabilities, including more than 50 different technical indicators and intraday analysis tools, are available through the MT4 & MT5 trading platform.
Deposit & Withdrawal
XM welcomes credit cards, electronic payments (Skrill, NETELLER), local bank transfers, etc. The broker does not charge any service fee for deposits or withdrawals.
