XM Broker Details, Review, and Rating

XM Broker Details, Review, and Rating

XM broker is one of the best forex brokers for beginners since it offers $30 bonus for trading and trading accounts starts from $5. Also,  XM is ASIC regulated forex broker and offers low spread accounts.

 

XM broker - review

 

XM broker details:

Founded in 2009 in Cyprus. Regulated in Cyprus by CySec and :

  • In Australia: Trading Point of Financial Instruments Pty Limited, ACN 164 367 113 and ASIC regulation AFSL 443670.
  • In England and Wales: Trading Point of Financial Instruments UK Limited, registration # 09436004, FCA regulation # 705428.

Based on the regulation in ASIC Australia and FCA in the UK, XM is one of the trusted forex brokers in Australia.

 

XM broker accounts types and commissions:

XM offers different types of trading accounts including:

  • Micro accounts: 1 lot =1000 pips, leverage up to 1:500, spread starts from 1 pip, and the minimum deposit is $5.
  • Standard accounts: 1 lot =100,000 pips, leverage up to 1:500, spread starts from 1 pip, and the minimum deposit is $5.
  • XM Zero accounts: 1 lot =100,000 pips, leverage up to 1:500, zero spread but there is $6 commission per standard lot (100,000 pips) and the minimum deposit is $100.

XM broker trading platforms:

XM offers several trading platforms including:

  • MetaTrader 4: the most popular forex trading platform.
  • MetaTrader 5: the new generation of MT software which made to expand the online trading to the stocks (shares) markets which is not possible using MT4.
  • MetaTrader 4/5 web trader: a web-based trading platform for online trading without download and setup on the computer.

These trading platforms are from the best forex trading platforms in Australia

XM broker trading choices:

XM offers to trade in different types of assets containing:

  • Forex trading.
  • Stocks Trading.
  • Commodities trading.
  • Equity indices.
  • Precious metals.
  • Energy sources trading.
  • Cryptocurrency trading.

XM broker technical support:

XM provides 24/5 technical support through live chat, phone and email.

Why XM is the best forex broker for beginners:

  1. Free $30 bonus for trading.
  2. You can start with a small capital ($5).
  3. Low spread.
  4. Safe forex broker.
  5. It allows hedging.
  6. It allows scalping.
  7. It allows EA.
  8. No fees for deposit or withdrawal and no withdrawal problem.

Pepperstone
Pepperstone
ASIC Regulated
Spread starts from 0 pips.
ECN/STP
MetaTrader 4, cTrader, Webtrader
72+ Trading Instruments
Minimum Deposit $200
Max Leverage 500:1
24/6 support
 
XM
XM
ASIC Regulated
Spreads as low as 0 pips.
Market Maker
MetaTrader 4, MetaTrader5, XM WebTrader
300+ Trading Instruments
No minimum deposit
Max Leverage 500:1
24/5 support
$30 bonus without deposit
ThinkMarkets
ThinkMarekts"
ASIC Regulated
Spread starts from 0.1 pips on EUR/USD
Institutional order execution
Trade Interceptor and MetaTrader 4
40+ Trading Pairs
Minimum Deposit $250
Max Leverage 400:1
24/6 Support
 

 

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Summary
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