Website: Visit Website
Year Established: 2009
Company: Trading Point of Financial Instruments Limited
Regulation: CySEC, FCA, ASIC
|International Offices||12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus.|
|Broker Status||Independent Broker|
|Accept U.S Clients||Yes|
|Website Languages||Chin, English, Indonesian, Malay, Russian|
|Free Demo Account||Yes|
|Minimum Deposit||5 USD|
|Account Currencies||USD, AED, EURO, AUD, GBP|
|Minimal Order Volume||0.01|
|Interest on Margin||Yes|
|Deposit/Withdraw Options||Wire Transfer, Credit Card, Debit Card, Perfect Money, WebMoney, Neteller, Skrill , Paypal, MoneyBookers, MasterCard , Cashu|
|Trading Platforms||MetaTrader4, MetaTrader5|
|Precision Pricing||5 digits|
|Type of Spread||Fixed and even Negative|
|Lowest Spread on EURUSD||No|
|Special Promotion||$30 Forex No deposit bonus|
|Trading Url||Start Trading|
Overview of XM Group
XM Group is one of the biggest Forex giants in the world. The broker was established in the year of 2009. Almost, 3 million of clients already engaged with them. The broker is saying already 2,400,000,000 trades have been executed by themselves. Only a few companies are established like themselves. Day by day the broker upgrading their services to the next level. Clients are trusting themselves because they were regulated by the most powerful financial authorities.
Trading Instruments from XM Group:
The biggest global group XM is providing a lot of trading assets to its clients. A client can get overall 450 trading instruments to access by opening a live trading account with the global group XM. The broker is offering Forex trading with 55+ major currency pairs including EUR/USD, EUR/GBP, USD/JPY, JPY/GBP, AUD/USD, CAD/USD, USD/NZR, EUR/JPY, AUD/CHF, EUR/AUD, NZD/JPY, NZD/GBP, etc. Clients of the XM group can trade stocks with the XM group, and they can trade all major stocks all over the world. Also, the broker is offering you to trade commodities, Equity indices, Precious metals, Energies, and shares.
Regulations of XM group:
Most of the people in the world love to join a reputable company, and it’s common psychology. No one will join with an untrusted company while they go for an investment. We can trust brokers if they are regulated by powerful financial authorities. The broker XM is regulated by IFSC, CYSEC, and ASIC. Here are the license numbers from these authorities, IFSC/60/354/TS/19, CySEC license number 120/10, and ASIC license number is 443670. These authorities is reputable in the whole world. So, we can trust the broker.
Trading Platforms from XM group:
There are a lot of trading platforms available in the forex market. But all of them are not trusted by the traders. Only a few are liked by traders like MetaTrader4 and MetaTrader5, ECN, and Web Trader. The broker XM believes in client satisfaction that’s why they bring all of the trusted trading platforms for their clients.
There are all versions of the MetaTrader4 and MetaTrader5 available from the broker. Clients can trade from MetaTrader4/5 by downloading the desktop version of the app. Also, the broker providing you a chance to trade from the web trader platform. To trade from the web trader clients don’t need to download any apps form the internet. Just open any of the internet browsers like Google Chrome, MS Edge, Mozilla Firefox, or anything else. After opening the browser just got the trading platform website to get access to the trading assets.
Mobile trading is getting more popular today, peoples are getting engage with their phones anywhere. So, they can complete a wide range of works on their phones. Traders also trying to trade from mobile phones. The broker XM is providing this opportunity also to their clients. To trade form mobile phones, open any of the play stores such as google play store, Apple Store, or any web apps store and download the apps for your smartphone or iPhone. These apps are completely free for peoples, anyone can use these apps without costing money.
Account Types of XM Group:
Most of the traders look at the account types of the broker before they are joining with them. And this is the basic thing while start Forex trading with a broker. It’s easy to open a trading account with XM. Just go to the broker website and register a new account. Fill up the all necessary information from the registration form.
But, before you join you should know their account facilities. The broker XM is offering four types of trading account to open with them, these are, Micro account, Standard account, XM ultra-low account, and shares account. Here are the detailed information about these account types.
The micro account is designed for those traders who don’t have a lot of capital to invest. To open a micro account just need to deposit $5 in your account. In the micro account, XM is providing up to 1:100. Minimum trade volumes for MT4 0.01 lots and 0.1 lots for MT5. You will be glad to know that Hedging is allowed in this type of account.
To open a standard account with XM Group need to deposit $5 in your account. The broker is providing 1:100 leverage in this type of account. The minimum trade volumes are 0.01 lots and hedging also allowed. The lot of restrictions per ticket is 50 lots from the broker XM.
XM Ultra-low account:
To trade as XM ultra-low account holder, clients need to deposit $50 in while opening this type of account. Leverage is the same as Micro and Standard accounts spread as low as 0.6 pips. The Standard ultra-lot is 0.01 lots.
This account is designed for all pro traders who have the ability to trade with a huge amount of money. To open a Shares account a client have to keep a $10,000 balance in his/her account. In this account type, there is no leverage restriction from the broker, and base currency will be in USD.
Deposit and Withdraw options of XM Group:
A frequent transaction method is very important in forex. Most of the trader use E-wallet transaction methods. The broker XM group also brings this method for their clients. They allowed most popular e-wallet transaction methods including Skrill, Neteller, and others like PayPal, fasapay, etc. Also, the broker allows bank wire transfers in some countries.
Customer supports of XM Group:
Good customer support is very important to build up a relationship between a client and a service provider. The broker XM is providing good customer support to their clients through the website live chat, customer support call center, E-mail services, and social media. Anyone can get instantly any information or supports from the live chat service on the broker’s website. The broker providing their services in various native languages including English, Malay, Portages, Italian, Bengali, and a lot of other languages. Overall we can say that the broker is providing good trading services to their clients.
2020 Jun 07, 06:01 pm
2020 Jun 26, 08:32 am