*Regarding the new ESMA rules, the maximum leverage for EU citizens is up to 1:30.

XM Overview

XM is a brand name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus), XM is an online forex and CFD broker that was founded in 2009.

XM offers her client to trade with the popular Meta Trader platform’s(MT4 and MT5) from MetaQuotes, available on the web, iPhone & Android, tablet, iPad and for download on Windows and Mac OS.

XM offers online trading on Forex and CFD’s such as Stocks, Indices, Cryptocurrencies, Metals, Energies, with no re-quotes, no rejections, and real-time market execution.

XM is regulated in the United Kingdom, Australia, Cyprus(EU), Belize.

Regulation

• Trading Point of Financial Instruments UK Ltd is regulated by the Financial Conduct Authority (Reference number: 705428)
• Trading Point of Financial Instruments Ltd is licensed by CySEC under license number 120/10
• Trading Point of Financial Instruments Pty Ltd has been issued an Australian Financial Services License by ASIC (number 443670)
• XM Global Limited is a licensed service provides for trading in securities by the IFCS No. 60/354/TS/17

Tools & Training

XM provides unique Forex Seminars for their customers, each seminar is about specific subject regards Forex trading, the seminars are available in different languages and countries around the world.

In addition, XM offers Forex Webinars on a daily/weekly basis, in 18 different languages.

New traders could start with a Demo account, in order to get more experience and to learn how to use the platform without risking real money.

Under Video Tutorials tab, there are 43 videos about the MT4 platform, such as How to open an account, How to place orders, How to install special advisors and much more…
For those who not familiar with Meta Trader platform, it is highly recommended to spend some time and learn the amazing features that this platform has.

Forex Signals are free to use for live account holders, signals are offered for the following instruments: EUR/USD, GBP/JPY, USD/JPY, GBP/ USD, EUR/JPY, AUD/USD, GOLD, US30, NIKKEI, and OIL.

It’s a little bit disappointing that we couldn’t find any educational material for newbies who are not familiar with online trading.

Account types & Commission

XM provides 3 different account types: Micro Account, Standard Account and XM Zero Accounts.

For your use, the differences between the accounts are painted with red.

option	Micro Account	Standard Account	XM Zero Accounts
Base Currency	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR
Contract Size	1 Lot = 1,000	1 Lot = 100,000	1 Lot = 100,000
Leverage	1:1 to 1:500 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +)	1:1 to 1:500 ($5 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +)	1:1 to 1:500 ($100 – $20,000) 1:1 to 1:200 ($20,001 – $100,000) 1:1 to 1:100 ($100,001 +)
Negative balance protection
Spread on all majors	As Low as 1 Pip	As Low as 1 Pip	As Low as 0 Pips
Commission
Maximum open/pending orders per client	200 Positions	200 Positions	200 Positions
Minimum trade volume	0.1 Lots	0.01 Lots	0.01 Lots
Lot restriction per ticket	100 Lots	50 Lots	50 Lots
Hedging allowed
Islamic Account	Optional	Optional	Optional
Minimum Deposit	5$	5$	100$
Open An Account

Platform & Assets

XM allows their client to trade with the well known Meta Trader platform from MetaQuotes Software Corp only.

Meta Trader has 2 versions, the MT4 and the MT5 that is very similar to the MT4. The main difference between them, when trading with XM, is that MT4 does not offer to trade on stock CFD’s.

The Meta Trade platform is a multi-language platform(32 languages), with 30 indicators and 24 graphical objects for technical analysis, allows using automatic trading with expert advisors.
MT4 and MT5 are available in web-based versions, smartphone and tablet versions for both Android & iOS, and desktop version for Windows and Mac OS.

Assets

XM offers 55+ currency pairs, metals such as Gold, Silver and Palladium, energies such as Oil, Natural Gas and Brent Oil, commodities such as Cocoa, Sugar, Wheat Coffe, Cotton and more, Indices such as US100, US500, US30, GER30 and more.

XM currently not offering trading on Cryptocurrencies.

XM Support

XM support is available in 29 languages.

Cyprus Office

Address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

Hours: 07:00 – 16:00 GMT
Phone: +357 25029933

United Kingdom

Address: Citypoint Building 1 Ropemaker Street
EC2Y 9HT London, UK

Hours: 24/5 GMT
Phone: +44 2031501500

Australia

Address: Level 13, 167 Macquarie House, Macquarie Street
Sydney 2000, NSW, Australia

Hours: 24/5 GMT
Phone: +612 8607 8385

Greece

Address: Michalakopoulou 91, 3rd Floor, 11528
Athens, Greece

Hours: 07:00 – 16:00 GMT
Phone: +30 211 7700022

TradeProperly Final Opinion of XM

Xm was founded in 2009, since then they grew up and became a major company in the Forex trading industry, offers their client the popular MT4/MT5 platforms, and multi-languages seminars and webinars.

XM is licensed by CySec, ASIC, FCA, and IFCS.

At the moment Cryptocurrencies are not tradable with XM, and due to the popularity of Crypto nowadays, some traders may find it as a serious problem.