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€ 100,00 / $ 112.76 * | $ 100.00 / € 88,68 *
  • New York Berlin UTC
  • XM
    XM Global (CY) Limited, 2009
    MT4, MT5, Web
    FCA, CySEC, ASIC, MIFID, BaFin
    Deposit - 5 USD
    US Allow - No
    Acc Currency -
    Crypto - Yes
    Country -
    Trade - 1 CENT
    Leverage - 1:888
    Scalping - Yes
    Hedging - Yes
    Bonus - Yes
    Mobile - Yes
    Demo - Yes
    Social - No

    XEMarkets – The Best Forex Broker?

    XEMarkets
    Read our XEMarkets Forex broker review below...
    ...XMarkets is the trade name of Trading Point of Financial Instruments Ltd, a financial services provider governed by European Union law and which provides the opportunity for online trading on the global financial markets.

    XEMarkets customers have direct access to the financial markets of more than 1000 financial instruments, including currency, stock indices, precious metals and energy, in terms of transparent real-time pricing, the lowest spreads and flexible financial leverage.
    Payments
    65
    Broker Rating
    57
    Reader Rating25 Votes
    65
    Pros
    Great educational tools
    Low trading fees
    Low trading spreads
    Fast trade execution
    Excellent reputation
    Scalping is allowed
    Cons
    Only CFDs and Forex offered
    Limited research tools
    No Forex options
    Fee for the inactivity of the account
    Bonuses not offered for EU traders
    Not available for USA traders
    61
    Overall Rating
    Broker Check

    XEMarkets Review

    XEMarkets (ex-trading point) is a foreign exchange trading firm based in Cyprus and was established in June 2009. It is licensed with the Cyprus Securities and Exchange Commission (CySEC) with license number 120/10. It started its online operation in 2012 and was formerly known as Trading Point of financial Instruments.

    It operates in accordance with the Cypriot Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(1)/2007). It is registered with the UK Financial Conduct Authority (FCA), with reference number 538324. It complies with the Markets in Financial Instruments Directive (MIFID) with license number HE 251334. It works under full European Union authorization including the Finanssivalvonta Finansinspektionen (FIN) of Finland; Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) of Germany with registration number 124161; Autoriteit Financiële Markten (AFM), Netherlands; Comisión Nacional del Mercado de Valores (CNMV) of Spain with registration number 2010157773; and the Finansinspektionen (FI) of Sweden.

    XEMarkets Platforms

    XEMarket supports MetaTrader 4/5 (PC, Mobile, iPhone and iPad, Blackberry, Android and WebTrader) for its client trades. This allows clients to make their trades from their computer. These trading platforms also allow the programming of trading strategies for automated trades. Additionally, these platforms also have powerful charting capabilities for technical analysis and trades. These platforms are user-friendly and can be good tools for novice traders as well as for experienced players.

    XEMarkets Accounts

    Trading conditions of the company attract not only professional traders, but also beginners. You can start here with just $5, and the allowable leverage ranges from 1:1 to 1:888. The spread at the same time is very miserable. Starting at 0 pips for Zero accounts. As assets at XM, you can use: currencies, stocks, CFDs, metals, raw materials, and even major cryptocurrencies. In addition, company customers can take advantage of free signals from market experts and the rollover function to minimize commissions.

    If you decide to open a real account in the company, then you will be given a choice of 3 types of account:

    • Micro. This type of trade deposit is ideal for beginners. The minimum replenishment amount here will be $5, the spread from one point, and one market lot is 1000.
    • Standard. The starting deposit for this account is the same as for the previous one. The differences here are in the lot size of 100000 and some additional parameters.
    • XM Zero. This is an account with zero spreads and the ability to use built-in advisers. However, the minimum replenishment in this case will already be $100.

    You can familiarize yourself with additional parameters of trade deposits in the «Trade» section on the XM official website.

    XEMarkets Payments

    Accounts can be funded via wire transfer, debit and credit cards, Liberty Reserve, Webmoney, Neteller and Moneybookers. The account currencies include the following United States dollar, Euro, United Kingdom pound, Swiss franc, Japanese yen and Australian dollar. All withdrawals except bank transfers are made within 24 hours. At the same time, the broker does not charge any additional fees.

    XEMarkets Support

    Customer support is available via phone, live chat, email, Skype and callback. The support is available in the following languages: English, French, Italian, Spanish, Dutch, Greek, Russian, Polish, Arabic, Chinese, Japanese, Malay and Indonesian. To ask a question to a support service employee it is enough to use live chat or click on the «Support» button in the header of the site.

    XEMarkets Conclusion

    The very low amount of money ($5) needed to start an account is one advantage of XEMarket. It aims to cater to small traders as well as wealthy investors. As far as the broker is concerned, the money could be pooled with other investors for split lot trading. It also offers a 100% Bonus program for its clients. Clients have praised the support for their timely assistance. This is a big feature and advantage which foreign exchange client/traders love. It offers convenient web and mobile trading. This can be a good forex trading broker for beginners because of its very low initial starting account. User reviews have harped on the bonus program, but it seems that the conditions were not met by the clients which led to some misunderstandings.