XMTrading Status
| Regulated | Max Leverage | Platforms | Min Deposit | Funding | |
| XMTrading | ASIC, CySEC, DFSA, IFSC | 1:1,000 | MetaTrader 4, MetaTrader 5 | $5 | Bank Transfer, Credit/Debit Card, E-Wallets |
Regulated
・ASIC, CySEC, DFSA, IFSC
Regulated and authorised by both the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), XMTrading ensures the safety of its clients’ funds and compliance with strict regulatory standards. It is also regulated by the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA).
Trading with a regulated broker is always preferable as it provides a safety net for your investments. The presence of multiple regulatory bodies enhances this security. However, the level of protection can vary between different regulators. Of these, regulators such as the FCA and ASIC are considered the most reliable compared to other offshore regulators. It’s also important to note that XMTrading operates globally with the exception of a few countries including the USA, Canada, Israel and Iran.
Accounts
・Max Leverage 1:1,000
| Accounts | Micro | Standard | KIWAMI | Zero |
|---|---|---|---|---|
| $90 trading Bonus | 〇 | 〇 | 〇 | 〇 |
| Leverage | 1000 | 1000 | 1000 | 500 |
| Contract Size(1 Lot) | 1,000 | 100,000 | 100,000 | 100,000 |
| Commission | No | No | No | $5 / 1 lot |
| Minimum Deposit | $5 | $5 | $5 | $5 |
| Deposit Trading Bonus | Yes | Yes | Yes | No |
| Broker Types | NDD/STP | NDD/STP | NDD/STP | NDD/ECN |
XMTrading offers four different account types to suit the needs of traders at different levels of experience. These accounts come with customisable trading conditions, with the minimum deposit set at just $5. Traders can choose between a commission-free account with higher spreads, or a $5 commission account with variable spreads starting at 0 pips. Leverage is dependent on both the financial instrument being traded and the trader’s country of residence.
Your choice of account is likely to depend on your investment capacity and trading approach. For example, if your strategy involves scalping, the Zero and KIWAMI accounts, which offer the smallest spreads starting at 0.0 pips, may be most attractive. If you are looking to invest less than $200, the Micro or Standard account options should be your focus. For those who would like to explore the trading platform before committing real funds, a free demo account is available. Personally, I always start my journey with a new broker by using a demo account, as it provides a valuable insight into the broker’s offering.
Platforms
XMTrading provides its clients with the flexibility to select from 16 different versions of the renowned MetaTrader 4/5 trading platforms. These are available for desktop (PC/MAC), web trading, which requires no additional software downloads or installations, and MetaTrader for mobile devices on both iOS and Android platforms. This mobile compatibility proves handy for accessing your trading account on-the-go, provided you have an internet connection.
While both MT4 and MT5 are well-regarded, there are subtle differences between the two. MT4 does not support trading on stock CFDs, and MT5 tends to have a few more features and functionalities. If your trading requirements involve simple tracking of price movements and efficient trade management, MT4 should suffice. However, if you aspire to create more intricate trading strategy templates, you might appreciate the additional indicators, timeframes, and tools that come with MT5.
MetaTrader 4
XMTrading offers MT4, a globally popular and user-friendly trading platform. It is characterized by no re-quotes or order rejections and flexible leverage. It’s ideal for beginners and seasoned traders alike, offering a demo account for risk-free practice. The platform is replete with features like a vast selection of trading instruments, low spreads, one-click trading, extensive technical analysis tools, multiple order types, and alert notifications. It also supports optional micro lot accounts, hedging, and VPS functionality, and is accessible across multiple devices.
MetaTrader 5
XMTrading’s MT5 platform builds upon the strengths of MT4 by adding more trading tools and advanced features. It serves as a versatile multi-asset platform, enabling trading of forex and CFDs on a wide variety of assets. Its benefits include no order rejections or re-quotes, flexible leverage, and a vast selection of instruments. It supports all order types, offers extensive technical analysis tools, provides market depth of recent price quotes, and allows hedging. The platform is accessible across multiple devices.
Tools
Autochartist
XMTrading clients can avail themselves of Autochartist, a potent tool proficient in pattern recognition. This tool automates market monitoring for you, facilitating the detection of chart patterns through technical indicators, such as Fibonacci retracements. Autochartist operates round the clock, providing real-time alerts for potential trading opportunities.
I find Autochartist an exceptionally useful tool! It’s incredibly beneficial in uncovering trading signals and can save significant time by performing market scans automatically. For those lacking in-depth knowledge or experience in predicting market movements, Autochartist is an excellent resource.
VPS
The XMTrading Virtual Private Server (VPS) enables remote connectivity to a server located just 1.5 km from their data centre in London, utilizing optical fiber connectivity. This arrangement ensures swift trade execution speeds via a high-speed connection, eliminating concerns over obstacles like internet speed inconsistencies, computer malfunctions, or power outages. An added advantage of the VPS is its ability to keep trading platforms running 24/7 without requiring your personal computer to be constantly on.
XMTrading offers this VPS service for free to clients who maintain a minimum account balance of $5,000 USD (or equivalent) and trade at least 5 round turn lots or 500 micro round turn lots per month. If you have other trading accounts registered under the same email, they will also be considered for qualifying for the free VPS.
Even if you do not meet the trade volume criteria, you can avail of the XMTrading VPS through the Members Area for a nominal monthly fee of $28. This fee is highly reasonable for a VPS service—I pay approximately $30 for my own—and it proves invaluable for running automated systems non-stop. The VPS fee is automatically debited from your MT4 or MT5 accounts on the first day of each calendar month.
Education
・Live Education
・Forex Webinars
・Platform Tutorials
・Markets Overview
・Economic Calendar
XMTrading boasts an extensive array of educational resources located within its research and education center. This includes daily updates on the market, events related to the economy, instructional videos, webinars, seminars, among others. Updated consistently by a team of multilingual market experts, they provide a broad repository of information to assist traders of varying levels of expertise, from beginners to advanced traders.
Funding
・Bank Transfer,
・Credit/Debit Card
・E-Wallets
XMTrading facilitates a range of quick and easy deposit and withdrawal methods for its users. Options like Skrill enable rapid transactions to and from trading accounts. Please note that fees may apply depending on the chosen payment method. Bank transfers might require a few business days to process, but XMTrading generously covers the fees for transfers exceeding $200. Accounts can be held in multiple currencies, including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF, and RUB. This broad currency selection is advantageous, as it allows traders to avoid currency conversion fees when they manage an account in their native currency. However, XMTrading’s lack of cryptocurrency funding options could be disappointing for traders who maintain crypto wallets in this growing digital currency age.
Summary
XMTrading operates under the regulatory jurisdiction of several prestigious organizations, including the Australian Securities and Investment Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). These regulators oversee the firm’s operations, assuring the safety of client funds and adherence to rigorous regulatory standards. In addition, XMTrading is also regulated by the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA).
Trading with a broker that’s under the purview of regulatory bodies provides a level of security for your investment. The greater the number of regulators, the better the peace of mind. However, it’s important to understand that not all regulatory authorities provide the same level of investor protection. For instance, entities like FCA and ASIC are regarded as superior and offer more robust safeguards than those regulators operating offshore.
