XM Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://app.xmtrade.in/register/, about the company's legal and temporary regulatory information, the company's address 680, Bath Road, Cranford, London,United Kingdom.
XM Trade Forex Broker
Basic Information
United Kingdom
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
XM Trade Broker - Complete Information Guide
1. Broker Overview
XM Group, established in 2009, is a well-known online trading platform offering a diverse range of financial instruments. The company is headquartered in Limassol, Cyprus, with additional offices in Athens, Greece, and Sydney, Australia. XM operates as a private entity, not publicly traded, and caters to a global market, serving over 15 million clients across 190 countries.
Since its inception, XM has achieved significant milestones, including executing over 2.4 billion trades and receiving numerous awards for its trading services. The parent company, Trading Point of Financial Instruments Ltd, oversees the operations of XM, ensuring a robust and secure trading environment. XM's business model focuses primarily on retail forex trading and CFD trading, providing clients with competitive trading conditions and a user-friendly experience.
2. Regulation and Compliance Information
XM Group is regulated by several reputable authorities, ensuring a high level of trust and security for its clients. The primary regulatory bodies include:
- Cyprus Securities and Exchange Commission (CySEC) - License Number: 120/10
- Australian Securities and Investments Commission (ASIC) - License Number: 443670
- Dubai Financial Services Authority (DFSA) - License Number: F003484
- Financial Services Commission (FSC) Belize - License Number: 000261/4
Each regulatory body oversees different aspects of XM's operations, ensuring compliance with stringent financial standards. Client funds are held in segregated accounts, separate from the company's operational funds, providing an additional layer of security. XM also participates in investor compensation schemes, offering coverage up to €20,000 for clients under CySEC jurisdiction.
Moreover, XM adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies, requiring clients to verify their identity and address upon account opening. This comprehensive regulatory framework reinforces XM's commitment to maintaining a safe trading environment.
3. Trading Products and Services
XM offers a wide array of trading products, allowing traders to diversify their portfolios effectively. The broker provides access to:
- Forex: Over 55 currency pairs, including majors, minors, and exotics.
- CFDs: A diverse selection of CFDs on indices, commodities, stocks, and cryptocurrencies (availability varies by region).
- Special Products: Unique offerings such as turbo stocks, which allow traders to leverage specific stocks with significant intraday movements.
The trading environment at XM is designed to accommodate both retail and institutional clients, with a strong emphasis on retail forex trading. The broker continually updates its product offerings, ensuring clients have access to the latest market opportunities.
4. Trading Platforms and Technology
XM supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their advanced charting capabilities, technical analysis tools, and automated trading features.
MetaTrader 4 (MT4): Ideal for forex trading, it offers comprehensive trading tools, including over 50 technical indicators and the ability to implement Expert Advisors (EAs) for automated trading. MT4 is available on desktop, web, and mobile devices, providing flexibility for traders.
MetaTrader 5 (MT5): The upgraded version of MT4, MT5 supports a broader range of asset classes, including stock CFDs. It features enhanced analytical tools, additional timeframes, and improved order types. Like MT4, MT5 is accessible across various devices.
XM also offers a proprietary WebTrader platform, which allows traders to access their accounts directly through a browser without needing to download software. Additionally, XM provides mobile applications for both MT4 and MT5, enabling traders to manage their accounts and execute trades on the go.
The broker operates on a market maker execution model, ensuring fast trade execution with a 99.35% success rate for orders executed in less than one second. XMs infrastructure is designed to support high-speed trading, providing a reliable trading environment for all clients.
5. Account Types and Trading Conditions
XM offers several account types to cater to various trading needs:
Micro Account: Requires a minimum deposit of $5, suitable for beginners. It provides access to tight spreads starting from 1.6 pips and no commissions.
Standard Account: Also requires a minimum deposit of $5, designed for regular trading with similar conditions as the micro account.
Ultra Low Account: Requires a minimum deposit of $5, offering lower spreads starting from 0.6 pips. This account type does not charge commissions.
XM Zero Account: Requires a minimum deposit of $100, featuring spreads starting from 0 pips with a commission of $3.50 per lot traded. This account is ideal for high-frequency traders seeking tight spreads.
Shares Account: Requires a minimum deposit of $10,000 and allows clients to trade actual shares rather than CFDs.
All account types offer negative balance protection and support for Islamic accounts compliant with Sharia law. The leverage offered varies by account type and regulatory jurisdiction, with maximum leverage reaching 1:1000 for certain accounts.
6. Funds Management
XM provides a variety of deposit and withdrawal methods to facilitate seamless fund management. Accepted methods include:
Deposit Methods: Credit/debit cards, bank transfers, and e-wallets (such as Skrill and Neteller). The minimum deposit for most accounts is $5, while the shares account requires a $10,000 minimum.
Withdrawal Methods: Similar to deposit methods, with no fees for withdrawals. However, a $15 fee applies to wire transfers under $200.
Processing Times: Most deposits are instant, while withdrawals are processed within 24 hours. E-wallet transactions are typically completed the same day, while bank transfers may take 2-5 business days.
XMs commitment to zero fees on deposits and withdrawals, along with its efficient processing times, enhances the overall trading experience for its clients.
7. Customer Support and Educational Resources
XM is dedicated to providing exceptional customer support, available 24/5 via multiple channels, including:
- Live Chat: Quick and responsive support.
- Email: For less urgent inquiries, typically answered within 24 hours.
- Phone Support: Available for immediate assistance.
XM supports over 30 languages, ensuring that clients from diverse backgrounds can communicate effectively with the support team. Additionally, the broker provides a comprehensive help center with FAQs and resources to assist traders.
Educational resources at XM include:
- Webinars: Regularly scheduled sessions covering various trading topics.
- Video Tutorials: A library of educational content for traders of all levels.
- Market Analysis: Daily updates and insights to help traders make informed decisions.
By offering extensive support and educational materials, XM empowers its clients to enhance their trading skills and navigate the markets confidently.
8. Regional Coverage and Restrictions
XM operates in over 190 countries, providing services to a broad international audience. The broker has offices in Cyprus, Greece, and Australia, ensuring a strong presence in key financial markets.
However, XM does not accept clients from certain regions, including:
- United States
- Canada
- Israel
- Iran
These restrictions are primarily due to regulatory compliance and local laws. Traders in eligible regions can access a comprehensive range of services and products without limitations, benefiting from XMs robust trading environment.
In summary, XM trade broker stands out as a reputable and well-regulated trading platform, offering a diverse range of trading instruments, competitive conditions, and extensive educational resources, making it an attractive choice for both novice and experienced traders alike.
XM Trade Similar Brokers
Latest Reviews
FX1537194443
Malaysia
Absolutely thrilled with my experience on XM Trade! The platform is user-friendly, and their customer support is top-notch. I appreciate how smooth and efficient the withdrawal process is, unlike some other platforms I've used in the past. The educational resources they provide are incredibly helpful for traders of all levels. XM Trade has truly exceeded my expectations, and I wholeheartedly recommend it to fellow traders. Thumbs up for a fantastic trading experience!
37130
2023-12-15
preshitbro
India
xmtrade the website name is xmtrade.in I provide them clients and they told me I am ib approx I have a withdraw of 16k$ they are asking me to pay 700$ for claiming insurance otherwise all my clients account will freeze and if I payed that amount they will provide me the withdrawal in just 20min and when I payed they are asking me for 30$ extra for late fees and after I payed 730$ they are asking me for to pay 560$ extra for withdraw fees and all that fees are refundable but they are all laying everytime and I am in very difficult situations please please help me someone how Can I solve this problem otherwise I have to do suicide just because of that company because if that money is mine I am not worried about any thing but it's about other people's money so that's my my clients are trusting me and i payed them money buy borrowing money on intrest I given them approximately 1100$ for nothing in my pocket but they are not even providing me a single $ in my binance ac please help me or guide me how can I get out through that problem or hire me I want money otherwise thy are doing scam and lots of people scam and diye just because of there fault please some help me I am very thankful to any one
Exposure
2024-02-01