XM Rating, Review XM

XM RATING REVIEW

-FOREX BROKER RATING {77.3%}

XM is a STP-Model broker member of the Trading Point of Financial Instruments Ltd Group. The broker is fully regulated by CySEC and ASIC and also registered with FSA UK. XM operates with EU authorization as it is authorized by BaFin, AFM, FIN, FI and CNMV. The broker provides full client bank account segregation via the Barclays Bank. XM is situated in Cyprus and started operations in 2009. The broker maintains a very large client base from all over the world, except the US.

As concerns trading assets, XM offers a wide asset index including 60+ Forex pairs, precious and industrial metals, energy, soft commodities and equity indices. XM offers CFD and Futures trading. You may trade popular indices such is DAX or Dow-30 using CFDs on Futures. The great advantage of this financial instrument is that it doesn’t involve SWAP overnight charges. Thus you may trade an Equity Index or Oil Asset in swing moves that last a few months without paying any overnight expenses. XM spreads are normal (EURUSD typical is about 1.6 pips) without charging any trading commissions. No re-quotes or trading order rejections and no hidden fees. More than 99% of all orders are executed within 1 second. XM offers leverage up to 888:1 and 7 trading platforms including MT4, WebTrader and many mobile traders. Automated trading and scalping are fully allowed.

The XM customer support is fast and available in 17 languages. The minimum account to trade with XM is just $5 and it can be funded via various methods. Traders can fund their accounts via VISA, VISA Electron, MasterCard, Switch, Solo, Wire, Skrill, Neteller, Western Union, WebMoney, MoneyGram, UnionPay, SOFORT, iDEAL and via local bank transfers (in 58 countries worldwide and using their local currencies). Account currencies include USD, EUR, JPY, GBP, CHF and AUD. There is also a Practice Account offering $100,000 virtual funds. XM provides negative balance protection, a feature which is extremely important for swing and long traders.

Free offering include trading education, market analysis, often webinars and trading contests.The welcome bonus is 40-100% and may be used as credit. There is also a Non-Deposit Forex Bonus $30. You may trade using this non-deposit bonus and test the trading terms of XM in real conditions. In overall XM is an excellent choice for beginners and advanced Forex Traders who can enjoy: safety of funds, good customer service, unlimited trading options, wide asset index, fast technology and fair trading terms.

XM Trading Platforms

  • Minimum Account: 5 USD
  • Fund Methods: VISA, VISA Electron, MasterCard, Switch, Solo, Wire, Skrill, Neteller, Western Union, WebMoney, MoneyGram, UnionPay, SOFORT, iDEAL and via local bank transfers (58 countries worldwide) 
  • Account Currencies: USD, EUR, JPY, GBP, CHF and AUD
  • SWAP-Free Accounts: Yes
  • Platforms: MetaTrader4 | WebTrader | Mobile Apps
  • Forex Index: XM offers 60+ Forex pairs
  • Metals: Precious and Industrial Metals
  • Energy: Crude Oil, Natural Gas, Gasoline
  • Commodities: many soft commodities
  • Shares: No
  • Indices: Tens of Equity Indices including DAX, US30, US100, S&P500 etc.
  • Customer Support: 24/5 via Live Chat, Phone, eMail, Callback
  • Support Languages: English | Arabic | Chinese | Dutch | French | German | Greek | Hindi | Hungarian | Indonesian | Japanese| Korean | Malay | Polish | Portuguese | Russian | Spanish

Here is the XM Rating Summary

» XM WEB

XM RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. XM FUNDS SAFETY 74.1%
B. XM TRANSACTION COST 58.9%
C. XM TRADING OPTIONS AVAILABLE 100.0%
D. XM TECHNOLOGY 77.5%
Overall XM Rating 77.3%
RATING PER TRADING EXPERIENCE  
Based on XM Sub-Formulas (MAX 100%)
Forex Beginners 74.6%
Advanced Forex Traders 73.3%
Professional Forex Traders 68.0%
Overall XM Rating 77.3%


» XM WEB-SITE

 

XM FULL RATING REVIEW

This is the full XM Rating Report using the Rating Formula v4.1 (under authorization)

XM FOREX RATING REPORT    
XM TOTAL RATING   100.0% XM Broker
      77.3% ANALYSIS
A. XM FUNDS SAFETY MAX WEIGHT 26.0% 19.3% XM Safety of Funds Rating
A.1 XM Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 10.0% Regulated by CySEC = 3.0%, ASIC = 3.0% and MiFID = +4.0% = Total Rating 10.0%
A.2 XM Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 2.0% Headquarters in Cyprus = 2.0% rating
A.3 XM Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 4.0% Foundation in 2008, Operation 5+ years = 4.0% rating
A.4 XM Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% Segregated client accounts = 2.0% rating
A.5 XM Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.3% ForexPeaceArmy = 3.658 / 5.0 | Earn Forex = 5.3 /10.0 | Rating 1.26 %
A.6 (+) XM ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. XM TRANSACTION COST MAX WEIGHT 28.0% 16.5% XM Transaction Cost Rating
B.1 XM EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 3.0% EUR/USD at 1.8 pip = 3.0%
B.2 XM GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 1.5% GBP/USD at 2.2 pips = 1.5% rating
B.3 XM USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 1.0% USD/JPY at 2.2 pips = 1.0% rating
B.4 XM Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 7.0% No trading commissions = 7.0% rating
B.5 XM Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 2.0% No withdrawal fess = 2.0% rating
B.6 XM Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No Inactive Fees = 2.0% rating
B.7 (+) XM ADJUSTMENTS        
B.7.1 XM Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 0.0% STP Model / Not Pure STP Broker = 0.0% rating
C. XM TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 26.0% XM Trading Options Rating
C.1 XM Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 8.0% Forex asset index containing 60+ pairs = 8.0% rating
C.2 XM CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% CFDs Trading = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% Demo account = 2.0% rating
C.4 XM Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Capital Leverage more than 800:1 = 2.0% rating
C.5 XM Promotions   6.0% 4.0%  
C.5.1 XM Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   3.0% Bonus up to 100% = 6.0% rating | Credit Bonus (50% of total Rating) | Final Rating = 3.0%
C.5.2 XM Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   1.0% XM provides rebates that can be used either as credit or as cash bonus (about 5% discount) = 1.0% rating
C.6 XM Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% Minimum Account is just $1 = 1.0 rating
C.7 XM Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) methods = 2.5% rating
C.8 XM Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 2.5% More than five (5) methods = 2.5% rating
C.9 (+) XM ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% No = 0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 XM Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.25% 0.25% Trading Competitions and Trading Arena = 0.25% rating
D. XM TECHNOLOGY MAX WEIGHT 20.0% 15.5% XM Technology Rating
D.1 XM Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 3.0% Three (3) platforms (WebTrader, MT4 and MT4 multi-terminal) = 3.0% rating
D.2 XM Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 2.0% Slippage at 1.5 pip = 2.0% rating
D.3 XM Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Yes to EAs = 2.0% rating
D.4 XM MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MT4 and MT4 multi-terminal = 2.0% rating
D.5 XM Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 2.0% Four (4) apps (MT4 for iPhone, iPAD, Android and Android Tablet) = 2.0% rating
D.6 XM Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Both are allowed = 1.0% rating
D.7 XM Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 3.0% Support 24/5=0%, email, phone, Live Chat | Total = 3.0% rating
D.8 (+) XM ADJUSTMENTS        
D.8.1 XM PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.5% PAMM accounts are available = +0.50% rating
D.8.2 XM Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.0% No = 0%
    TOTAL XM RATING  77.3%   

 

XM (Trading Point of Financial Instruments Ltd) Licenses and Authorizations

(1) Trading Point of Financial Instruments Ltd is licensed by CySEC | number 120/10

(2) Trading Point of Financial Instruments Pty is licensed by ASIC | number 443670

(3) Banking with investment grade bank Barclays Bank Plc

(4) Clients’ funds are segregated from XM funds, in tier 1 banking institutions. XM can not use these under any circumstances

(5) Retail clients have additional protection through the Investor Compensation Fund in the case of company insolvency

 

» XM NEW ACCOUNT REGISTRATION


 

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XM Rating -Review XM

ForexValuation.com (c)

Note: The above XM Rating was made using the TradingCenter Rating Formula v4.1 under authorization

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”