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XM – Cryptocurrency Broker Information


Broker XM
XM.COM (XM) 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Address 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Headquarters Limassol
Free phone +357 25029900
24 hour support
Partnership programs
Trust management
Expert advisors
Free education
Interest charges on the balance
Bonuses, Promotions
Forex contests, competitions
1st deposit bonus
Trading by phone
Mobile trading
Automated trading
Daily analysis
Demo account
Swaps
24 hour trading
Accepts US traders
Scalping
Hedging
PAMM
Commissions
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 1-1.9
Spread Type variable
Leverage 888
ECN, $
Standard account, $ 5
Mini account, $ 5
Popular payment methods Credit Cards, Netteler, Skrill, Klarna, Przelewy 24, Bank Wire Transfer
Account currencies EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR, bitcoin
Other instruments Forex, CFD, bitcoin, stocks, indices, commodities, precious metals, energies
Languages support in 29 languages: Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Platforms Metatrader4/5, XM Webtrader
Broker type Broker
Regulation CySEC, ASIC, FCA
Foundation 2009
Discussion

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XM Overview

Forex Broker description and Trading Conditions

XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission. Our clients benefit from direct access to the financial markets in over 300 financial instruments. This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs with transparent real-time pricing, low spreads, and flexible leverage.

We value business efficiency - this is why we regard speed and fairness as crucial.

XM detailed information and reviews

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.
* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros

Strong selling points of XM focus on its NO Requotes, No Rejection Policy as well as its tight spreads which combined with its No Minimum Deposit Policy attract medium size traders which seek for an MT4/5 broker with clean trading conditions with NO high minimum deposit limitations.

Account Types

 

Micro

Standard

XM Zero

Base Currency Options

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN, RUB, SGD,ZAR

Contract size (lot)

1,000

100,000

100,000

Minimum Initial Deposit

USD 5

USD 5

USD 100

Leverage

Flexible

Flexible

Flexible

Spread on all majors

As low as 1 pip

As low as 1 pip

As low as 0 pip

Commission

No

No

Yes

Lots restriction per ticket

100 lots

50 lots

50 lots

Hedging allowed

Yes

Yes

Yes

Islamic Account

Optional

Optional

Optional

Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XM allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation of XM

Though XM is not no spread forex broker, the spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips.

* Crypto Rating accepts no liability for any errors in the XM information and Rating. For the most up-to-date information please visit the Crypto Brokers's official website.

Top Cryptocurrency Brokers 2022

# Broker Founded Rate Status Cryptos Regulation
1 OctaFX UK Limited (OctaFX) OctaFX 2011 4.7 Bitcoin FCA UK
2 XM.COM (XM) XM 2009 4.1 Bitcoin, Ethereum, Litecoin, Ripple CySEC, ASIC, FCA
3 FBS (FBS) FBS 2009 4.1 Bitcoin, Ethereum IFSC, CySEC
4 Just2Trade Online Ltd (Just2Trade) Just2Trade 2006 4.1 Bitcoin, Ethereum CySEC
5 IronFX (IronFX) IronFX 2010 4 Bitcoin, Ethereum, Ripple FCA, ASIC, FSCA, CySEC
6 Admiral Markets Group (Admiral Markets) Admiral Markets 2001 3.8 Bitcoin FCA, ASIC, CySEC
7 FXOpen (FXOpen) FXOpen 2003 3.7 Bitcoin, Ethereum, Litecoin, Dash, Ripple FSPR, ASIC, FSCL
8 Markets.com (Markets.com) Markets.com 2009 3.6 Bitcoin CySEC, FSCL
9 USGFX (USGFX) USGFX 2006 3.6 Bitcoin, Ethereum ASIC, FCA
10 Orbex Limited (Orbex) Orbex 2010 3.5 Bitcoin CySEC

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The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.