The Company
Based on the sunny island of Cyprus, XM offers great trading conditions for trading in a wide range of instruments, including currency trading, CFDs on commodities, indices, precious metals, energies and stocks on two trading platforms (MT4 and MT5). What is more, XM provides ultra-fast execution (99.35% of all trades executed in less than 1 second), as well as awesome bonuses & promotions.
XM is a brand name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments Pty Ltd (XM Australia) and Trading Point of Financial Instruments Ltd (XM Cyprus). FCA, CySEC and ASIC apply certain rules and requirements to regulated firms, which are not as stringent as those in the US, for instance, however they provide a good level of credibility. Besides, licensed brokers are required to keep customer funds in segregated accounts, separated from the company’s operating funds.
As a further guarantee to clients’ funds, all companies regulated in UK and Cyprus are covered by compensation schemes as additional guarantee to clients funds. All deposits with a UK regulated forex broker up to £50,000 per client are guaranteed by the Financial Services Compensation Scheme (FSCS) - UK’s statutory compensation scheme for clinets of authorised financial services companies. Similarly, Cypriot Investment Firms are members of the Investor Compensation Fund, which is able to pay compensation up to 20,000 EUR, If the company is in default. Currently, however, Australian forex brokers are not covered by any compensation scheme.
Company Overview
Company Name
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XM Global Limited
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Headquarters
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No.5 Cork Street , Belize City , Belize, C.A.
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Website
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Regulation
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IFSC , Cysec , FCA , ASIC
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Trading Instruments
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Forex , Stocks , Commodities , Indices , Metals , Energies , Cryptocurrencies
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Trading Platform
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MT4 , MT5
(desktop , mobile , webtrader & multiterminal)
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Deposit /
Withdrawal
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Visa/Mastercard , Neteller , Skrill , WebMoney , fasaPay , Wire Transfer , Local Depositor
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Bonus
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No Deposit Bonus $30 , Deposit Bonus up to 20% - 50%
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Services
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XM Loyalty Program , Free VPS Service , Zero fees on Deposit / Withdrawal
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Customer Service
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Live Chat
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Account type
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Minimum deposit
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Minimum trade size
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Maximum leverage
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Average Spreads
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Micro
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$5
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0.01
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1:500
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1.7 pip on EUR/USD
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Standard
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$5
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0.01
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1:500
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1.7 pip on EUR/USD
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Zero
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$100
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0.01
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1:500
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0.1 pips on EUR/USD + $7 / lot (round trip)
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XM offers its clients three types to choose from: Micro, Standard and Zero. You may choose from commission-free trading (in Micro and Standard accounts) or tighter spreads, involving commission fees and higher initial deposit (Zero account).
The broker offers high leverage levels and floating spreads. Beginners can sign up for Micro accounts with as little as $5, and micro lots are available for trade on all accounts.
What is more, swap-free (Islamic) accounts are available, designated for clients who are not willing to earn interest for religious reasons.
*Risk Warning: Forex and CFD trading involves significant risk to your invested capital.
