Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about XM is sampled by 10 of the most popular forex trading strategies in .
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Most traded pairs:EUR/USD, GBP/USD and USD/CHF
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, andmicro lotsare available for trade on all accounts.
What is more,swap-free (Islamic) accountsare available, designated for clients who are not willing to earn interest for religious reasons.
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 Pty Ltd (XM Australia) and Trading Point of Financial Instruments Ltd (XM Cyprus).
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 companys operating funds.
As a further guarantee to clients funds, all companies regulated in Cyprus are covered by compensation schemes as additional guarantee to clients funds. All deposits with a Cyprus regulated forex broker up to EUR 20,000 per client are guaranteed by the Investor Compensation Fund.
Currently, however,Australian forex brokersare not covered by any compensation scheme.
The XM group also includes Belize-registered XM Global, as well as Trading Point of Financial Instruments UK Ltd (XM UK), a company authorized by the Financial Conduct Austhority in the UK. It currently operates m brand. The latter is also expected to launch in the US, as XM has also applied for authorization with theNational Futures Association (NFA).
In order to open an account with XM, traders have to invest just $5. Such low minimum initial amount is rather attractive, as typically brokers require $100 – $300 as a start.
This broker offersvariable spreads. The typical ones on commission-free accounts amount to 1.7 pips on EUR/USD. According to us, the conditions on the Zero account are better: spreads averaged 0.1 pips on EUR/USD and commission $3.5 per standard lot traded (per side). So, basically trading costs on the Zero account amount to around 0.8 pips, commission included, which is a great offer. What is more, you can open a Zero account with just $100.
XM offers flexible leverage between 1:1 to 1:500. Using leverage means that you can trade positions larger than the amount of money in your trading account. Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
When trading with this broker, you will be offered both MetaQuuotes;s platforms – theMetatrader 4 (MT4)andMetaTrader 5(MT5).
MT4 is an internationally acclaimed trading software, offering a full array of trading tools and features: more than 50 built-in technical indicators, advanced charting package, a wide range of Expert Advisors (EAs) and extensive back-testing options for them. Traders can download ready-made or create their own EAs and let the program do all the work, no human emotions involved. The MT4 with XM is availavlein all forms and shapes: desktop, web, and mobile.
What is more, XM provides MT4 MultiTerminal, which offers a practical and convenient way to manage multiple accounts simultaneously from a single interface (PAMM).
Recently MetaQuotes has been putting a stronger emphasis on theMT5: the hedging function was finally added to it andall versions of the platform have been ehanced.As a result, the number of brokers that support the platform has been on the increase. XM also followed suit and added it to its offerings.
Besides, free Virtual Private Server (VPS) hosting is offered to both new and existing customers of XM who deposit a minimum of $5,000 and trade at least 5 round turn lots per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.
– Free VPS for clients who maintain a balance (Equity-Credit) USD 5,000 or currency equivalent. No end date for this promotion;
– $30 Non-Deposit Trading Bonus for new clients only. No end date for this promotion;
– The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000. No end date for this promotion;
– The XM Loyalty Program offers the clients XM Points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only. No end date for this promotion.
*Clients registered under Trading Point of Financial Instruments Ltd are not eligible for bonuses.
XM accepts the most commonly used Local Payment methods today including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc. Their coverage is quite extensive and adds more flexibility on adding funds into the account
XM covers all deposit and withdrawal transfer fees for payments made via Neteller, Moneybookers and all major credit cards (including VISA, VISA Electron, MasterCard, Maestro and China UnionPay). Additionally, all deposits and withdrawals above 200 USD processed by wire transfer are also included in our zero fees policy.
XM is a EU award-winning broker that offers wide range of trading products and account types on two great platforms under competitive conditions. What is more, it provides Negative Balance Protection, as well as lucrative bonuses to its clients. To sum up the above, here are the advantages and drawbacks with regards to this broker:
XM parent actively prepares for the launch of its US brand Trading.com
XM applies for a forex dealer license in the US
XM expands crypto CFD offering with Ether, Litecoin, Dash, Ripple
XM hikes margins ahead of German, New Zealand general elections
XM deploys payment and digital identity proofing solution Paydentity
XM restricts leverage to 1:100 ahead of French elections
XM increases margins for TRY pairs ahead of Turkish Referendum
XM lowers margin requirements for Swiss franc
XM launches MetaTrader5, extends product portfolio
XM is only forex broker in World Finance 100 2016 list
XM acquires a FCA license, commences operations in the UK
XM inks sponsorship deal with the fastest human – sprinter Usain Balt
XM applies for South African forex license with FSB
XM announces sponsorship of Saudi Arabia football club Al-Nassr
XM partners with forex rebate service provider PayBackFX
XM launches web version of MT4 forex trading platform
XM Organizes Lucky Draw for Introducing Brokers
XM to Act as Platinum Sponsor of Moscows 16th Forex Expo
XM Announces Forex Training Tour in MENA Region
XM Facilitates Forex Withdrawals with Branded Cards
XM Launches Big Small Contest with $2,000 Prize Pool
XM Gives $20 for Free to Each Participant in Contest Arena
XM Now Offers Automatic Withdrawals from Trading Accounts
XM Revolutionizes Forex World with $500,000 Contest Arena
XM Introduces Forex VPS Service for Fans of Automated Trading
XM Launches Global IB Tour to Link to Forex Partners
XM Adds RUB, PLN and HUF to Line-up of Account Currencies
XM Marks the End of Summer with Special Bonus for New Clients
XM Gives $100 Bonus for Accurate Non Farm Payroll Forecast
XM Invites You to Join its Live Forex Seminars in Malaysia
XM Launches Gold and Silver Contest with Prize Fund of $9,999
FX Responsibility: XM Supports Charity Campaign for Children
XM Expands Further: Gets Registration from New Zealands FSP
XM Announces $20,000 Real Forex Contest Winners
XEMarkets Gives the Boot to Social Forex Networks ZuluTrade and Tradency
Registration for XEMarkets August Demo Forex Contest Is Now Open
Claim an Exclusive 100% Deposit Forex Bonus by XEMarkets
Global Forex Broker XEMarkets Moves to XM.com
Domo Arigato: XEMarkets Finds Its Best Japanese Forex Trader
Double Your Deposit: XE Markets New 100% Bonus
Knock Out the Competition and Win the $10,000 Prize Pool from XEMarkets
XEMarkets Starts Broadcasting Free Forex Trading Signals
XEMarkets Forex Seminar Tour Continues Around the Globe
XEMarkets Entices Apple Fans via Launch of MT4 for Mac
XEMarkets Awarded as Trading Platform with Best Execution at 10th China Finance Expo
LSE Champions Share 8,500 in XEMarkets Forex Demo Competition
XEMarkets Offers 100% up to $30,000 Deposit Bonus
XEMarkets Sends A Lucky Trader to Watch F1 in Malaysia
XEMarkets Gives Away 8,500 to University Students
XEMarkets Part of Mirror Traders Cypriot Expansion
Trading Point Consolidates All Its Brands Under XEMarkets
XEMarkets announces Double Up Welcome Forex Bonus
XEMarkets Offers 50% Reload Bonus for New and Existing Accounts
Forex Seminar Workshop with XEMarkets in Malaysia
Trading Point launches a new brand: XEMarkets.com
Trading Point launches 100% forex bonus promotion
Trading Point announces up to 100% bonus for existing clients
Forex success story: How Mr. Weeler made $1 000 000?
Trading Point launches six new forex trading platforms
Trading Point adds Webmoney and Liberty reserve as funding options
Trading Point announces the launch of its MT4 MAM system
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that its EU-regulated and theres nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: its regulated in the UK, offers Metatrader 4 (MT4) and cTrader where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is aIFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
I have an amount of 10000 USD I needed to invest this money in your broker and you will work it for me then I will pay your profit commission will you accept this kind of business.
I have been using Xm for 2 year but for 1 year i have not been actively using the platform till a friend gave me the strategy to use with it early this year and its been great using it to make loads of money… i mean i have made thousands using the Fib Fusion Strategy and Xm broker and i am happy about that but what i am not happy about is the Customer representative they have at XM they are very rude and it makes me sick i made a withdrawal request and it took about 7 days to pull through and during this period i was contacting the customer support and all i got was rude representatives something really has to be done about that.
Swaps negativos, spreads altsimos y es MARKET MAKER
I trade with XM for about 4 years now and fulltime since the last 3. Regarding trade executions, spreads, withdrawals and customer support I can say from my past experience that they are very good compared to two other brokers which
Ive been trading with for about the same time now – FxPro (since 2013) and IC Markets (since 2015). I use their own debit card service as well which is tied directly to my MT4 account and works great for me, because I dont have to use credit cards or wait several days for wire transfers. My personal customer support manager calls me or writes me an email twice a year to make sure that everything is working good and she is always friendly and helpful. I can recommend this broker.
All brokers are more or less the same. However, in order to make money, you need knowledge and skills. Someone said that you need 10,000 doing something in order to become an expert, and they were right.
I have used for a long time and I am happy with it: no requotes and no withdrawal problems. Prior to that I`ve changed brokers often, because I though since I lose money, they are scammers. At some point I realized my emotions, trading system and (lack of) patience was the problem.
Forex is not a get rich quick means. Here is my advice: risk a little to make a little more, when you lose, lose a little, say 2% of your account; when you profit, make 3% of your account balance. Small steps will get you far in the long run.
It has been about 6-7 months since I opened an account with XM and I have found nothing wrong with them so far. They offered me a trading bonus of 50% when I joined them and still offer bonuses, sometimes 30%, sometimes even 100%. The spreads on the micro account were quite high but I switched to Standard straight away, as there is no restriction on the amount needed to open a Standard account. The spreads on the standard account are low, and trade execution is instant. Besides, XM offer trade calls twice a day on 10 instruments and have weekly webinars on technical analysis for free.
sl/tp/modification orders for indices couldnt be placed with the same conditions on android as on pc MT4 and the worst thing is they dont care about it at all and think everything is working fine… I could compare the situation to that when someone is trying to prove about a black colored shirt that its a red one… So I gave up after several attempts. Its up to you whom you do business with but I would better not waste my time on kind of people.
I cant add images to this review but people need to be wary of XM. I started with 200 Euros and had traded it to about 764 Euros. I withdrew 350 Euros on my wifes advice. I then started trading with the remaining 414 Euros and managed to trade that to about 660 Euros. So, my initial 200 Euros was now almost 790 Euros in profit (including the withdrawal). At this point, everything went to shit, and within a week i have been stopped out, losing the entire account. There is a good explanation for this: XM trade against their clients; i have so many screenshots and examples of this it is not funny. I have traded for thousands of hours with four separate brokers and XM appears to be a bucket shop like most of them; they WILL trade your account out when it is going too quickly into too much profit. Why do i say this? Because the high price for GBPUSD today (11/07/2015) was about 1.5549. My account was stopped out starting at exactly 1.5535 and ending at 1.5547 (less than ten pips below the high for the day. This happened because i was unwise and held a BUY position for GBPUSD for the week, and although it was a small position (24 lots but with 888:1 leverage and about 700 Euros to hold it, which should have been OK since the margin required was initially only about 50 Euros, less than 10% of the Equity in the account). You need to pay attention to this fact: the high of the day FOR THE GBPUSD was exactly less than ten pips from the price at which XM began to stop out my trades. It is also EXACTLY the same time that i withdrew 50 Euros from the account, which automatically killed the Bonus (i always forget that XMs Bonus is a Trojan Horse as it is NOT cash at all), so my account Equity would then have been less than 100 Euros. This is because XM began selling against me at the beginning of the week, until i was stopped out. Although i worked very hard for 12 – 18 hours a day to stop them and hedged the ac unt to try and save it, I could not do so because XM staff or software either manually trade against their winning clients; or else their software is preconfigured (or updated during an automatic background update) to do so. WARNING: if you trade with XM and begin to make profits, be CERTAIN your account is automatically flagged to be killed off as a FIRST PRIORITY. If i could give ZERO or NEGATIVE STARS TO THE BASTARDS i would.
I have an account with a number of different brokers. One of them is XM. I think there service is good. Their spreads are good and so are the bonuses. I am considering to trade with fewer brokers now and they are high in my list.
Began trading with them, began profitable, then non profitable. They use a latency Plug in even though they say no virtual dealer plug in. . We were getting many second delays and would only open trades after they would open negative. Dont let the high leverage suck you in. I did and lost.
Pure scam which I have realized after spending 6 months with them. They trick you when you start to make money. They sometimes show network problem to lose you money. First time I thought they are good as you can withdraw money very quickly. Over the time I deposited and built my balance. After 5 months learning I started making money quickly. Now they showed me their real face. they shutdown one of their servers and made the clients lose money. After one day the said it was Force Majuere and deleted my profitable trades and kept the ones with loss. They restored trading position which is older than 2 days. In this process they took away $600+ from two of my accounts. I mailed them but they didnt bother to answer any of my e-mails. When I went to live chat, they told me to contact with dealer1 & gave me lame excuses. You cant call them because they dont have any phone no. Next 2 days they took $100 more saying that they are adjusting my balance.When I checked all my transaction history & manually calculated my balance in Excel, I found another scam about their calculations.There should have been $400 more in my account which was missing. Again I mailed, again no answer. Now, after 6 months with them I have $169 and all profits gone. My total deposit was $350. So if you dont want to lose money dont go with them.
The customer technical support are rude and wont answer your calls. Application approval process is pathetic. Their demo account is reasonably ok. I guess if you have to deal with customer service, you need to have lot of patience!
I thinks guys throwing their anger of what it might happened for them with this Broker should realize and show the proof if it is really true to FCA and make a complaint about the Brokers then it makes sense.
After 4 years of collaboration with XM Trading Point and 6 months as official representative in Romania
A fake trade was placed by XM employee from inside XM
The fake trades ( 8715$) was come from inside the company..
The stupid move was done on past and now for two reason :
_To manipulate the markets using money from the controlled accounts at the same time
to temporarily push prices a few pips one way or the other and loosing them in the process while
front running the orders from his own account.
_To hurt XM trying to move our clients to another broker..
They are scammers. If you make some profit, they will block your account and you will not be able to withdraw it. They can easily accuse you in cheating and cancel your profit.
I got a winning trade because of the news release then i withdraw my profit, after few days sent me an email state that they wont pay me the profit and just give back my deposit money and close my account. This was totally unfair, when losing trade they take accept your lose but when profit they wont pay to traders, now facing this problem was not only me, there are alot of trader facing the same issue waiting the reply from m also
I have opened an live account and asked their support to call me back for inquiry.
So this broker soune to me is to encourage new commer to bet.
Because as I have understood how the bonus work …..
For exp. You deposit first usd 1000 you will become immediately credited into your trading account by 1000 + 500 (welcome bonus), that means you can use that for leveraging = higher risk. However when you with draw your
Profit. Even partial, your bonus will be drawn. Until you make a new deposit then you get a 30 % bonus (loyalty bonus).
I understand that the bonus cannot be withdraw, but then in that case I have to withdraw the whole sum of my account (profit plus initial deposit)
And deposit again new deposit to get back 30 pct on that.
What a confuse…… And expenses for the company.
Sorry, I didnt say anything. But I hope this wont happen again, because its really scary… This is finance were talking about here, so its not really easy to trust… But since I got paid back… Everything is OK. I believe that XeMarkets cares a lot about their reputation, that being said, I think we might have a serious broker here. And since you dont try anything which go against their policy, youll make cash. And I think the policy is kind of fair. Every body wins,
Position closed while I was winning but I didnt put any stop loss, and the margin call wasnt even reached, but thats not all, it closed 91 pips against me!!… 5h30 PM, and Im not really happy at the moment, even if it is 15$, if they didnt close the position, I would have made 45$!!! And I am not going to be content until I get that back! And by the way I think fsa and all the others theyre regulated with must know about this, and I am going to them with proofs. The account freezing happened so many times, but I didnt care until now, and it just hit me that every time I m about to make a big deal in little time, there are always problems… I was about to put 100000 with xemarkets, but now Im scared more than ever… This has happened too many times…
I am new to the platform, only used it for a month and so far, so good. My deposits and withdrawals are processed very fast, I received my 30% bonus and I am happy with the spreads.
I havent had a chance to experience their security systems – even if there are any security issues, I havent seen them and this is probably a good sign. I feel pretty comfortable trading with TP. I recommend them to anyone looking for a good broker.
I have only been trading for 2 years now and have recently been trying out a number of different brokers.
I found this brokerage and thought Id give them ago.
Finding they offer a 20% bonus on initial deposit I was at first tempted to deposit a couple of grand but ,luckily, my sense took over!
I deposited 30 quid and thought Id give their system a once over and if it was ok then deposit the rest,as they still offered a 10% bonus on further deposits.
First thing I found was that they dont offer a Mac friendly platform so I logged onto their web-based platform.
First strange thing I found was that the s/P T/L options were greyed out and could not be specified on execution.
Ok so I make a deal and find afterwards they are still greyed out! Eh up i think ! Something wrong here!
So I use their online chat helpline.This was excellent!! Answered within minutes! Some bloke, as nice as he was was as useful as a chocolate fireguard, and basically told me that as i had a mac there was nothing he could! WOW!
Next I download the iPhone app and guess what? Yep no option to set a s/l or t/P !
Anyway eventually I get to speak to Diana.And very nice she is!
However eventually she sends me a link to a mac friendly platform.Guess what? it isnt actually a mac friendly platform but in fact a bit of advice on how to download a third party program to fool their platform into thinking it was operating on a pc.
Dont think so somehow! So I dig out my old pc lap top ( good job I had sent it for 6 with my louisville slugger as Id been tempted to when it slowed down to snails pace before it was replaced by the mac!) and I load up their bt4 platform.
WO This looks like its been designed by a college student on an excel project.!
Quickly realising what this outfit is all about I put all my dough (all 30 quid of it !) on a casino bid of 1/500 on a long EUR/USD deal and lost the lot quicker than you can say yankeedoodledandee!
Not bothered as it would probably have proved more difficult to get a withdrawal with this outfit than it would have been to get the Greek bail-out re-paid!!
Got an email today telling me of their special offer of 100% bonus of deposits valid till 5 June!!!!! WOWWWWWWWW
Give me break! Bucket shop doesnt even begin to describe this outfit!
Come here OANDA and give me a hug I never realised how good you were!
Reminds me of a saying. Ever lent a friend 20 bucks and never seen them agin?It was probably worth it!
I started trading with Trading point two months ago. The execution is very good and also the customer service is very professional, I have talked to Ajeet Singh who helped me on a couple of occasions.
Even though Trading Point does not have any offices and/or operations in the U.S. and does not engage in the solicitation of clients, it appears that the CFTC does not allow us to offer our services on a cross-border basis to U.S. Clients, without being registered as a Futures Commission Merchant (FCM) in the United States and complying with the US regulatory framework for retail foreign exchange transactions.
In light of these developments, it is with great regret that we have to inform you that Trading Point will no longer be able to accept any transactions from U.S. residents.
Accordingly, by the 15th of February 2012 no later than 22:00 Central European Time (CET) – 5:00 PM Eastern Standard Time (EST), all open positions and all pending orders in your account with Trading Point must be closed. Any positions left open at that time will be automatically closed at the last available price and all pending orders will be cancelled.
Im with Trading Point for the last 6 months. Im averaging 10 trades a day and execution is the best Ive ever experienced. Ive traded with FXCM, Traders Trust, Interbank FX, so I know what Im talking about.
TPs spread is average, but my orders are always filled without slippage. Customer service is excellent, deposits and withdrawals are flawless – Ive never had to wait for my money longer than my bank need to receive the wire.
Trading point dont provide tutorial and webinars for beginners and many of them lose their money for a month or two and then blame their broker.
Im trading with TP for a couple of months and my experience is quite good:
Customer service (by chat and phone)is excellent: Diana and Nikos always helped me whenever I need help. Often I closed the chat with the problem resolved. Besides Diana speaks Italian 🙂
Im not a scalper but trend follower, so the the spread its not important for my trading; Anyway I never noticed spread unusual widening on the major pairs I trade (AUD/USD and GBP/USD).
I requested a withdrawal a couple of weeks ago via credit card (for an amount equal to the amount I deposited by that card) and via bank wire (for a small amount). Diana and Nikos helped me for my first withdrawal .. and of course that the money just arrived on my bank account as promised.
Believe me: no scam … no fraud. I highly recommend this broker.
I have been trading with Trading Point for 6 months now and I can say that this is the best forex broker I have ever seen. The problems with my first deposit and welcome bonus were solved before the chat with the customer service has ended.
TP is registered with the FSA UK and a regulated by the CySEC, so their legality cannot be questioned.
I have an account with Trading Point for about 4 months now.
I tried scalping, carry trade, automated trading etc, so I contacted customer service on different occasions…and I am satisfied with them overall.
A couple of weeks ago the spreads get quite high. I contacted customers service and they told me that its because of general market conditions