Reviewed broker: XM

Established in 2009

Location: Cyprus

Operated by Trading Point of Financial Instruments Ltd (Cyprus), Trading Point of Financial Instruments Pty Ltd. (Australia) and Trading Point NZ Ltd (New Zealand)

USA traders: accepted

Regulation: CySEC, FCA UK, ASIC Australia, IFSC Belize

Note: previously known as TradingPoint and MegaTraderFX

Latest awards: Best FX Service Provider 2017 by City of London Wealth Management Awards, Best Local Customer Service 2016 by FX168, Industry Selection of World Finance 100

Trading instruments: currency, commodities, indices, metals, energies, stocks

Special features: ultrafast execution 99.35% of all trades executed in less than 1 second

Currency pairs: 55

Trading platforms: Metatrader 4, Metatrader 5, XM Webtrader

 

Open trading account with XM broker

 

Built-in technical indicators: yes

Expert advisors: allowed

Extensive back-testing options: yes

Advanced charting tools: yes

Account types: micro, standard, zero

Virtual private server VPS hosting: free for deposits of minimum $5,000

Demo account: available

Minimum deposit requirement: $5

Payment methods: credit cards, wire transfer, Skrill, Neteller, webmoney, paysafe, ideal, sofort, qiwi, cashu, giropay, przelewy24, western union

Maximum leverage is up to 1:888

Spread types: variable

Average spread starts from 1.7 pips

 

Start trading with XM broker

 

ECN spread start from 0.1 pips plus $5 commission per standard lot traded

Islamic swap free accounts: available upon request

Bonus and promotions: 100% deposit bonus up to $5,000, $30 no deposit bonus, Forex World Championship with 41 million pool prize.

Educational materials: seminars, webinars, unlimited access to video tutorials, market reviews, trading signals, daily technical analysis

Customer support: email, phone, online chat, personal account manager

Comments  

+2 #1 JiAn 2014-04-23 07:52
I was a victim of their wide spreads that occur on my favorite pair at a certain times of the day.
Quote

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