IndianXM Forex Broker

IndianXM Basic Information Company Name IndianXM Registered Country/Area Cypus Regulations Not regulated Tradable Assets CFDs on FX, stocks, commodities, crypto, indices and options Account Types Demo, raw spread, standard, Islamic accounts Maximum Leverage 1:500 Spreads from 0.0 pips Payment Methods Credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay and broker to broker transfer, deposits Trading Platforms MetaTrader 4, MetaTrader 5, and cTrader Customer Support Email (info@indianxm.com) Overview of IndianXM IndianXM, based in Cyprus, serves as a Forex CFD provider, extending an array of financial instruments to traders. Offering diverse account types such as demo, raw spread, standard, and Islamic accounts, traders gain access to CFDs on FX, stocks, commodities, cryptocurrencies, indices, and options through the MetaTrader 4, MetaTrader 5, and cTrader trading platforms. However, its lack of regulation may pose risks to traders, requiring careful consideration before engaging in trading activities. Is IndianXM Legit？ IndianXM is not regulated. Please be aware that this broker operates without regulation, indicating a lack of oversight from established financial regulatory authorities. Traders are urged to exercise caution and fully comprehend the risks associated with trading through an unregulated broker like IndianXM. Such risks may include restricted channels for dispute resolution, potential concerns regarding fund security, and a potential lack of transparency in the broker's operations. It is strongly recommended for traders to conduct comprehensive research and carefully evaluate the regulatory status of a brokerage before initiating any trading activities to safeguard a more secure and reliable trading experience. Pros and Cons IndianXM offers a diverse range of trading instruments, providing traders with ample opportunities to explore various markets. The availability of multiple account types caters to different trading preferences and experience levels. The platform's utilization of popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader ensures a familiar and reliable trading experience for users. Moreover, IndianXM provides flexibility in deposit and withdrawal methods, enhancing convenience for traders. However, it is crucial to note that IndianXM operates without regulatory oversight, which may expose traders to risks such as limited avenues for dispute resolution and potential safety concerns regarding funds. Additionally, the limited customer support options, primarily through email, may hinder timely assistance for traders. Furthermore, the platform's lack of educational resources and transparency regarding company policies and procedures, along with unclear information on spreads and commissions, may present challenges for traders seeking comprehensive guidance and clarity. Overall, while IndianXM offers opportunities for trading, traders should approach with caution due to the lack of regulatory supervision and limited support resources. Pros Cons Diverse range of trading instruments Operates without regulatory oversight, potentially exposing traders to risks Offers multiple account types Limited customer support options, primarily through email Utilizes the popular MetaTrader 4, MetaTrader 5, and cTrader platforms Lack of educational resources or transparency regarding company policies and procedures Provides multiple deposit and withdrawal methods Unclear information on spreads and commissions Trading Instruments Traders have the opportunity to trade CFDs on FX, Stocks, Commodities, Crypto, Indices, and Options. The platform offers Commodities CFD trading, enabling traders to trade gold and silver, with leverage of up to 1:500. Index CFD trading is also available, covering a diverse range of indices across 15 major markets, including Brent, WTI, and Natural Gas, with spreads starting at 0.5 pips for ASX 200 index CFDs and 1 point for FTSE 100 Index CFDs. Moreover, IndianXM facilitates Stock CFD trading with over 750 stocks accessible across Australia and the United States on the MetaTrader 5 platform, allowing for leverage of up to 1:20. Additionally, the platform offers Bond CFD trading, providing traders with access to bonds from various global exchanges such as ICE Futures Europe, Eurex, and the Chicago Mercantile Exchange (CME), all exclusively on MetaTrader 4 and MetaTrader 5. Lastly, IndianXM caters to Cryptocurrency CFD trading, offering a diverse range of cryptocurrencies, including the six most popular ones, allowing traders to capitalize on both long and short positions with micro (0.01) lots in a regulated environment. Account Types IndianXM provides a range of account types tailored to suit the diverse needs of traders, including demo, raw spread, standard, and Islamic accounts. Demo accounts on IndianXM's MetaTrader 4/5 and cTrader platforms offer traders the opportunity to practice trading strategies and familiarize themselves with forex trading platforms in a risk-free environment. These demo accounts feature ultralow latency execution and Raw Spread pricing connectivity without requotes, mirroring the conditions of live trading accounts. The Raw Spread account boasts some of the lowest spreads available, with an average EUR/USD spread of 0.1 pips and a small commission of $3.50 per lot payable per side. Designed for day traders, scalpers, and expert advisors, this account type provides deep liquidity and fast execution. On the other hand, the Standard Account emphasizes speed of execution, with an inclusive spread starting from 1 pip, Equinix NY4 servers in New York, and access to up to 25 pricing providers. IndianXM also offers Islamic accounts, or swap-free accounts, for customers who cannot earn or pay interest due to religious beliefs, ensuring inclusivity and adherence to diverse trading preferences. Leverage Leverage varies from account to account, and IndianXM offers bendable leverage options up to 1:500. Spreads Indian XM offers variable spreads on its trading accounts. The Raw Spread account spreads start from 0.0 pips. Deposit & Withdrawal To expedite processing, it is recommended that all traders deposit funds directly into their trading account through their Protected Client Area. Within this secure environment, traders can fund their accounts in real time using Credit Card and Skrill. Additionally, traders have the flexibility to choose from 10 supported base currencies, including USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, and CAD when opening an account. Once the account is opened, funding options are abundant and include credit/debit card, Skrill, wire transfer, Neteller, FasaPay, China Union Pay, Bpay, and broker to broker transfer deposits. Withdrawal requests made before 12:00 AEST/AEDT are processed on the same day, while those submitted after this time are processed on the following business day. Notably, IndianXM does not impose additional fees for deposits or withdrawals. However, it's important to be aware that certain banking institutions may charge supplementary fees, for which IndianXM holds no responsibility. International Bank Wire Transfers may take up to 14 days to process and may incur intermediary and/or beneficiary fees. Credit/Debit Card withdrawals are processed free of charge and typically take 3-5 business days to reach the credit card. In some cases, however, this process may take up to 10 business days, depending on the respective bank's processing times. It's worth noting that Credit card withdrawals may not be available for all countries. If a withdrawal exceeds the sum deposited by Confirmed by Visa/MasterCard Secure Credit/Debit Card, an alternative deposit method or bank wire option is required. Withdrawals made through Paypal, Neteller, or Skrill must originate from the same account used for the initial funds transfer. These transactions are processed free of charge and are instant once processed, ensuring swift access to withdrawn funds. Trading Platforms MetaTrader 4, MetaTrader 5, and cTrader stand as three of the top trading platforms available in the market today. IndianXM has transformed forex trading by granting traders direct access to Raw Pricing using any of these three renowned trading platforms. MetaTrader 5 represents a significant advancement from its predecessor, widely recognized as the industry standard. With its advanced charting technology and sophisticated order management tools, MetaTrader 5 enables traders to monitor and control their positions rapidly and efficiently, enhancing the overall trading experience. Meanwhile, IndianXM cTrader for Android offers traders the ultimate FX trading experience as a native app. Featuring a comprehensive suite of technical analysis tools, including trend indicators, oscillators, volatility measures, and line drawings, all conveniently accessible directly from the chart. Trading tools IndianXM offers a suite of advanced trading tools designed to enhance the trading experience. These tools include various additions to MetaTrader 4, such as a one-click trade module, market depth indicator, spread monitor, trade risk calculator, and advanced order types that were previously unavailable on the MetaTrader 4 platform. Customer Support IndianXm team will always be there to support 24 hours a day, 7 days a week. The primary contact method for IndianXM is through email at info@indianxm.com. Conclusion In conclusion, IndianXM provides a wide range of trading instruments and account types, making it accessible for traders of all levels. Utilizing popular platforms like MetaTrader 4, MetaTrader 5, and cTrader ensures a reliable trading experience. However, the lack of regulatory oversight and limited customer support options may pose risks and challenges for traders. Additionally, the platform's transparency regarding policies, educational resources could be improved. Traders should exercise caution and conduct thorough research before engaging with IndianXM to mitigate potential risks and ensure a safer trading experience. FAQs Q: Is IndianXM regulated？ A: No, IndianXM operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities. Q: What trading instruments are available on IndianXM？ A: IndianXM offers traders the opportunity to trade CFDs on FX, Stocks, Commodities, Crypto, Indices, and Options. Q: What account types does IndianXM offer？ A: IndianXM provides a range of account types tailored to suit diverse trader needs, including demo, raw spread, standard, and Islamic accounts. Q: How can I contact IndianXM's customer support？ A: You can primarily reach IndianXM's customer support via email at support@fxlivecapital.com. Q: How long does it take for deposits and withdrawals to be processed by IndianXM？ A: The processing time for deposits is not specified. Withdrawal requests made before 12:00 AEST/AEDT are processed the same day, while those submitted after are processed the next business day. Withdrawal methods include International Bank Wire Transfers, Credit/Debit Card withdrawals, and transactions through Paypal, Neteller, or Skrill, each with varying processing times and conditions. Risk Warning Trading online carries inherent risks, and there is a possibility of losing your entire investment. It's essential to recognize that online trading may not be suitable for all traders or investors. Before engaging in any trading activity, it's crucial to thoroughly understand the associated risks. Additionally, please note that the information provided in this review is subject to change, as companies frequently update their services and policies. Therefore, it's advisable to verify the most recent information directly with the company before making any decisions. Ultimately, the responsibility for using the information in this review lies solely with the reader.