XM Forex Broker Review 2018

8.6

Leverage

9.0/10

Spread

7.0/10

Bonus

8.0/10

Support

9.5/10

Service

9.5/10

Pros

  • Up Tp 888:1 Leverage
  • a 99.35% rate of orders being executed in less than one second
  • Negative Balance Protection
  • 16 Trading Platforms
  • 24 Hour Support
  • $30 Trading Bonus
  • Up To $5,000 Deposit Bonus
  • Professional Forex Signal Service

Cons

  • Spreads Are Wider

Trading and Deposit Bonus Campaigns

When investing through XM trading, a customer will receive various bonuses throughout their time using XM Trading. For example, new customers will receive a $30 Trading Bonus that is automatically added to the account balance as a show of gratitude for opening their account. Furthermore, a 100% Deposit Bonus is implemented for any number of deposits up to the $500 mark. After depositing at least $500, it is possible to receive Deposit Bonuses at a rate of 20% for deposits up to the $4,500 mark. However, these bonuses can only be used for investing, and cannot be withdrawn from the account. Profits made off of the bonuses can with withdrawn at any time.

 

Maximum Leverage of 1:888

XM Trading’s maximum leverage is set at an extremely high ratio of 1:888. Because of this, it is possible to make up to $8,880 in profit from a $10 investment. This leverage makes it possible to maximize profits with minimum investment.

 

Three types of Trading Accounts

AccountsMicroStandardZero
Leverage888888500
Contract Size(1 Lot)1,000100,000100,000
CommissionNoNo$5 / 1 lot
Minimum Deposit$5$5$100
Deposit Trading BonusYesYesNo
Broker TypesNDD/STPNDD/STPNDD/ECN
SpreadSpread method Change systemSpread method Change systemSpread method Change system
Forex Trading575757
CFD・Metal434343
Cryptocurrencies555
XM Trading offer three account types: Micro, Standard, and XM Zero. The Micro Account is aims to lower risks for forex beginners. The Standard and XM Zero Accounts are intended for more experienced forex traders. The Standard Account offers a maximum leverage of 1:888 with a minimum balance of $5. The Zero Account has a lower leverage ratio of 1:500, but instead offers narrower spreads than the Standard Account. In contrast to the $5 minimum balance of the Standard Account, the XM Zero Account requires a minimum balance of $100.
XM Trading offers the option of testing account options through the use of demo accounts, so it is possible for customers to simulate trades with each account and decide which one best fits their needs.

 

Traders are protected by the Negative Balance Protection service

In the event of a loss equaling more than the current account balance, XM Trading protects customers by covering the excess loss and resetting the account balance to zero.

 

A choice between MT4 and MT5

XM Trading’s Platforms are available on Windows, Mac, iOS(iPhone/iPad), and Android among others, and there is the option of downloading an MT4 platform or an MT5 platform. Although older than the newer MT5 software, MT4 remains a popular trading software that will not be dropped from XM Trading’s Platforms in the foreseeable future. Through the use of XM Platforms, it is possible to check on investments at any time throughout the day.

 

Accumulate XM Points to earn Trading Bonuses

The XM Loyalty Program is a system where XM Points (XMP) can be accumulated through investing, and then used to acquire further Trading Bonuses. Customers are automatically enrolled in the XM Loyalty Program when they open an account. There are Loyalty Statuses within the Program, and the amount of XMP per one lot increases the longer the customer participates in forex trading through XM Trading. Points that have been converted into Trading Bonuses, in the same fashion as other bonuses, cannot be withdrawn from the account; however, the profits from the invested bonuses are withdraw-able.

 

Zero fees on deposits and withdrawals

All major credit cards and e-wallet transfer fees are 100% covered, and wire transfer fees for transfers above $200 are also covered by XM Trading. It is also possible to both deposit and withdraw currency as bitcoins.

 

Professional forex signal service

Twice a day, forex signals are sent out by trading professionals. A general overview of orders, settlements, and other information that will prove extremely useful for trading is included in each signal. XM Trading customers are able to receive these signals for free.

 

Other features

XM Trading has other valuable points such as no re-quotes, no rejections, and a 99.35% rate of orders being executed in less than one second. In addition, XM Trading holds periodic contests where up to $1,000,000 can be won.

 

Other XM Trading services

XM Trading also offers VPS services, advice from EAs (expert advisors), online seminars, forex news, and market analyses free for customers.

 

XM Trading company overview

Formed in 2009 with a license from CySEC, XM Trading opened their head office in Cypress with over 500,000 accounts opened worldwide. XM Trading supports over 30 different languages, with 24 hour customer service lines open five days a week. The company can be contacted through phone, e-mail, or their online chat system. They offer trading services in the foreign exchange (more than 60 currency pairs), stock price index, crude oil, gold, and virtual money markets. XM Trading is being used by traders across the world and has established itself as a reliable company.