Tag Archive XM forex broker 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 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:
- Free $30 bonus for trading.
- You can start with a small capital ($5).
- Low spread.
- Safe forex broker.
- It allows hedging.
- It allows scalping.
- It allows EA.
- No fees for deposit or withdrawal and no withdrawal problem.
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