XM.com Forex and CFD Broker Review – Binary Options Zone

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XM.com

XM.com

Details

Broker XM.com
Website URL https://www.xm.com
Founded 2009
Headquarters 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor 3042 Limassol, Cyprus
Support Number +357 25029933
Support Types live chat , email , phone , fax
Languages 23 languages supported
Trading Platform MT4 | MT5 | Mobile platforms | Tablet platforms
Minimum 1st Deposit $5
Minimum Account Size $5
Minimum Trade Amount 0.1 contracts
Maximum Trade Amount limit on each instrument
Bonus No deposit bonus
Leverage 1:888
Spread floating
Free Demo Account Open Demo
Regulated
Regulation Regulated by CySEC, ASIC and other agencies
Fees
Account Types micro , standard , XM ultra low , shares , XM zero
Deposit Methods credit cards , electronic payment methods , bank wire transfer , local bank transfer
Withdrawal Methods credit cards , electronic payment methods , bank wire transfer , local bank transfer
Number of Assets 1000+
Types of Assets forex, stocks, commodities, equity indices, precious metals, energies, shares
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 89

Trading Platforms

XM relies on MetaTrader 4 and MetaTrader 5 versions to ensure that its clients are able to trade the market on any kind of devices. Users are able to trade on PC/MAC with MT4 or MT5 for PC, as well as MAC versions. Both platforms are available through web browsers and MT4 also comes in a multiterminal version, allowing traders to trade on multiple accounts at once.

With mobile trading on the rise, both MT4 and MT5 are available on iPhone and Android smartphones, while XM had also made sure that tablet versions had also been developed. With this trading platforms offer, anyone is able to trade 1,000+ instruments anywhere and anytime, being able to choose from CFDs on stocks, indices, commodities, metals, and energies.

Regulation

In terms of regulation, XM had already received licenses from the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC).

There are also registrations for outward passporting from strong regulators like the UK’s Financial Conduct Authority (FCA), Germany’s BaFin, Spain’s CNVM, France’s ACP, and 6 other more. As a licensed and regulated financial institution, XM ensures the safety of client funds by adopting a series of important procedures.

Account Types

The company has a diversified offer in terms of trading accounts as well, with different options for AU, CY, and global customers. Given that most of the clients apply for a global trading account, they can choose between micro, standard, XM ultra low, and Shares account, all with a wide set of features.

XM also has a Zero Account features, that allows trading of 55 currency pairs + gold and silver on MT4 and MT5, with spreads as low as zero, 30:1 leverage, and zero fees for deposits and withdrawals.

Promotions

Among its most important promotions, XM offers free VPS services ideal for EAs and increasing the speed of your trades, plus 0% on deposits and withdrawals. There are also trading bonuses involved, which you will find after you open an account with the company.

Pros and Cons

  • XM offers some of the lowest trading fees in the market, making it a highly competitive brokerage company.
  • Clients are able to open a trading account easy and fast as the company managed to simplify the process.
  • With XM you’ll get access to a wide variety of educational tools.
  • As a client of XM, you will be able to trade only CFDs and forex instruments.
  • The company offers limited research tools.
  • There’s an inactivity fee in case you won’t be active for a given period of time.

Educational Material

XM offers a wide variety of educational material, including a live education section, as well as many educational videos. Forex webinars, platforms tutorials, and forex seminars are available for traders who want to learn more about trading and improve their edge. XM works with a lot of experts from the industry which are sharing their knowledge about trading and their technical analysis ideas. If you want to see other people’s opinion about how the markets will perform, XM had taken care of that.

XM Group Review

Overview

With over 700,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.

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Details

Broker XM Group
Website URL www.xm.com
Founded 2009
Headquarters No.5 Cork Street, Belize City, Belize, C.A.
Support Number +501 223-6696
Support Types Phone, Email, Online chat
Languages Russian, English, Spanish, German, Polish, Chinese, Filipino, Czech, Italian, Portuguese, etc.
Trading Platform MetaTrader 4, MetaTrader 5, WebTrader
Minimum 1st Deposit $5
Bonus Бонус до $5000
Leverage 1:30 – leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded and the country that the action is taken
Spread From 0 points
Free Demo Account Open Demo
Regulated
Regulation ASIC (№ 443670), FCA (№ 705428), IFSC (№ 60/354/TS/17), CySEC (№ 120/10).
Account Types MICRO, STANDARD, XM Zero, Islamic Accounts
Deposit Methods Bank cards (Visa / Mastercard), Webmoney, Skrill, Neteller, etc
Withdrawal Methods Bank cards (Visa / Mastercard), Webmoney, Skrill, Neteller, etc.
Number of Assets 700+
Types of Assets Forex trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious metals CFDs and Energies CFDs and Cryptocurrencies CFD
Account Currency USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Full Review

The XM brokerage company, whose full name is XM Group, was established in 2009, by the Trading Point of Financial Instruments Ltd. Corporation. It has a reputation for being one of the world’s best service providers in the field of online trading. XM Group head office is in Limassol, Cyprus.

Xm Group is a group regulated by online brokers. Trading point of financial instruments Ltd was established in 2009 and it is regulated by the Cyprus securities and exchange commission (CYSEC 120/10), Trading point of financial instruments Pty Ltd was established in 2020 and it is regulated by the Australian securities and investments commission (ASIC 443670) and Trading poi9nt of financial instruments UK Ltd was established in 29016 and it is regulated by the financial conduct authority (FCA 705428). XM Global Limited was established in 2020 with headquarters in Belize and it is regulated by international financial services commission (IFSC/60/354/TS/17)

Currently, XM Group has more than one hundred instruments for trading. In addition to standard CDF, XM Group offers trading on metals, stocks, oil and stock indexes. The minimum amount required for opening an account is $5. XM Group offers a free training demo account, where you can check out all of the features of their services.

Leverage is 1:30, it also applies to all EU regulated entities of the group. Leverage depends on the financial instruments and the country traded. The spread is from 0 pip, floating or fixed, depending on the type of account. With regard to the trading floor, the list of programs on XM Group meets all the requirements of modern technology. Besides the presence of a traditional Metatrader 4-5, there are mobile MT versions for Android and iOS. You can do trades directly through the site, via a Web Trader. Additionally, there are MT4 Multiterminal and Markets MAM.

There are no re-quotes, hedging is permitted, and there is a possibility of automated trading and trading via telephone. We should also mention that XM Group is positioning itself as a broker company, conducting systematic promotions, contests, and other activities to encourage more people to participate in trading (truth about Forex). Loyalty bonus are not eligible for clients registered under Trading point of financial instruments Ltd and Trading point of financial instruments UK Ltd.

Despite the fact that the company focuses on full support around the clock, however, this statement, as practice shows, is more promotional in nature and does not correspond to reality. As shown by numerous reviews by the company’s customers, technical support is sometimes rather slow to respond, but this will likely be fixed if given time.

Features

  • The minimum deposit – $5
  • Spreads for Micro and Standard account are as low as 0 and spreads for XM zero account is as low as 1
  • Leverage – 1:30
  • The broker has more than 250 financial instruments which can be traded on the MT4/MT5 platform, this includes Forex trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious metals CFDs and Energies CFDs and Cryptocurrencies CFDs
  • Lack of limit of the maximum amount of the deposit
  • 100 percent execution of orders, of which 99.35% take less than 1 second
  • The absence of re-quotes and orders deviation

If we find complaints about XM, we will post it on social media. Follow us to be well informed:

Deposits and withdrawal

Speaking of deposit and withdrawal procedures, XM Group does not lag behind the market leaders, offering its customers the broadest technical possibilities, ranging from the traditional bank transfer to the popular electronic payment services. Usually the withdrawals take three to seven days, depending on the selected method. However, some customers have cited examples of unpleasant situations, when the derivation of funds to an account for a few days dramatically changed the exchange rate and the expected and actual amounts sometimes differed. This applied specifically to the first withdrawal from the account. These situations are rare; however, the traders should still be cautious.

Regulators

  • Trading point of financial instruments Ltd regulated by CYSEC under liscense 120/10
  • Trading point of financial instruments UK Ltd regulated by FCA under liscense 705428
  • Trading point of financial instruments Pty Ltd regulated by ASIC under liscense 443670
  • Lastly, please add XM Global Limited regulated by IFSC under liscense 60/354/TS17

Conclusion

The site is multilingual. At the moment, there are 22 possible language display options. The front page is not overloaded with information. Everything is strict but not austere. If desired, the trader can set the page with the economic calendar, sign up to receive information on free Forex signals, or start training video courses.

Among a few drawbacks are the absence of a forum, as well as the lack of a normal analytical department, which would be responsible for the daily publication on market sentiment and other profile information that could help traders in their difficult task. But in general, keeping in mind its financial regulators and vast experience in the trading business, the Xemarkets brokerage definitely deserves attention.

Reviews

Terrible company – avoid at all cost. Their T&C’s are confusing and misleading, and their customer service is terrible. They force specific routes for withdrawals (which take a long time to receive) and charge £30 every time. They’re also not regulated. Typical financial scam artists.

Forex Trading

Advantages of Forex Trading with XM

55+ currency pairs – majors, crosses and exotics
24 hours a day, 5 days a week
Leverage up to 888:1
Tight spreads and NO re-quotes
Trade the most liquid market in the world
Trade with NO hidden charges

Forex Trading Spreads / Conditions

For Standard Accounts

Currency Pair Minimum Price
Fluctuation
Spreads
as low as*
Average Spreads* Long Swap Value
(Points)
Short Swap Value
(Points)
Value of 1 lot Limit and Stop Levels*****
AUDCAD 0.00001 0.00021 0.00036 -0.34 -7.32 100000 AUD 0.0016
AUDCHF 0.00001 0.00012 0.0004 2.46 -8.84 100000 AUD 0.0016
AUDJPY 0.001 0.01 0.03 1.93 -7.57 100000 AUD 0.099
AUDNZD 0.00001 0.00014 0.00045 -5.5 -3.2 100000 AUD 0.0021
AUDUSD 0.00001 0.0001 0.00018 -0.51 -3.41 100000 AUD 0.0005
CADCHF 0.00001 0.00024 0.0004 0.2 -6.22 100000 CAD 0.0018
CADJPY 0.001 0.013 0.034 -1.33 -4.53 100000 CAD 0.1
CHFJPY 0.001 0.01 0.03 -6.51 -2.28 100000 CHF 0.12
CHFSGD 0.00001 0.00022 0.0022 -12.22 -1.96 100000 CHF 0.0028
EURAUD 0.00001 0.00023 0.0004 -15.18 4.22 100000 EUR 0.0012
EURCAD 0.00001 0.00021 0.00037 -9.22 -0.32 100000 EUR 0.0014
EURCHF 0.00001 0.00017 0.00027 -1.9 -4.39 100000 EUR 0.00062
EURDKK 0.00001 0.00106 0.0023 -36.92 -44.62 100000 EUR 0.0026
EURGBP 0.00001 0.0001 0.00018 -3.54 -0.14 100000 EUR 0.0005
EURHKD 0.00001 0.00074 0.0033 -56.84 -29.61 100000 EUR 0.0052
EURHUF 0.001 0.08 0.3 -22.22 -15.42 100000 EUR 0.6
EURJPY 0.001 0.01 0.026 -4.17 -2.67 100000 EUR 0.054
EURNOK 0.00001 0.00135 0.00697 -81.26 -18.66 100000 EUR 0.0062
EURNZD 0.00001 0.00028 0.00067 -16.47 4.73 100000 EUR 0.0022
EURPLN 0.00001 0.00299 0.00541 -47.98 5.32 100000 EUR 0.0054
EURRUB**** 0.0001 0.0165 0.45 -269.43 64.46 100000 EUR 0.034
EURSEK 0.00001 0.00177 0.0047 -48.25 -55.32 100000 EUR 0.0056
EURSGD 0.00001 0.00024 0.00163 -12.24 -2.24 100000 EUR 0.0014
EURTRY 0.00001 0.00111 0.0025 -152.39 104.81 100000 EUR 0.003
EURUSD 0.00001 0.0001 0.00017 -7.99 1.61 100000 EUR 0.0004
EURZAR 0.00001 0.00248 0.015 -387.05 220.35 100000 EUR 0.0258
GBPAUD 0.00001 0.00012 0.00043 -12.34 0.06 100000 GBP 0.0016
GBPCAD 0.00001 0.00015 0.00054 -8.17 -4.17 100000 GBP 0.002
GBPCHF 0.00001 0.00016 0.00044 0.66 -7.05 100000 GBP 0.00178
GBPDKK 0.00001 0.0003 0.0049 -23.18 -64.63 100000 GBP 0.006
GBPJPY 0.001 0.01 0.04 -2.2 -4.6 100000 GBP 0.108
GBPNOK 0.00001 0.0013 0.008 -72.65 -56.25 100000 GBP 0.0146
GBPNZD 0.00001 0.00035 0.0008 -14.75 1.85 100000 GBP 0.0036
GBPSEK 0.00001 0.0033 0.009 -30.1 -80.15 100000 GBP 0.014
GBPSGD 0.00001 0.00042 0.002 -11.04 -6.34 100000 GBP 0.0034
GBPUSD 0.00001 0.0001 0.00023 -6.22 0.18 100000 GBP 0.00052
NZDCAD 0.00001 0.00031 0.00047 -0.24 -7.07 100000 NZD 0.0018
NZDCHF 0.00001 0.00021 0.00055 2.65 -8.05 100000 NZD 0.002
NZDJPY 0.001 0.014 0.05 1.76 -7.44 100000 NZD 0.14
NZDSGD 0.00001 0.00034 0.002 -1.75 -8.55 100000 NZD 0.0022
NZDUSD 0.00001 0.00011 0.00025 -0.62 -4.12 100000 NZD 0.0008
SGDJPY 0.001 0.033 0.2 -2.83 -5.23 100000 SGD 0.14
USDCAD 0.00001 0.0001 0.00024 -2.07 -5.57 100000 USD 0.00052
USDCHF 0.00001 0.0001 0.00023 2.53 -8.64 100000 USD 0.0005
USDCNH 0.0001 0.0018 0.0025 -9.59 -2.06 100000 USD 0.005
USDDKK 0.00001 0.0002 0.003 -11.55 -64.56 100000 USD 0.0034
USDHKD 0.0001 0.0011 0.0028 -2.69 -5.37 100000 USD 0.0026
USDHUF 0.001 0.101 0.28 -9.1 -25.5 100000 USD 0.52
USDJPY 0.001 0.01 0.018 0.26 -7.24 100000 USD 0.04
USDMXN 0.00001 0.0017 0.01 -303.28 -52.57 100000 USD 0.0103
USDNOK 0.00001 0.00052 0.0055 -45.9 -57.47 100000 USD 0.0078
USDPLN 0.00001 0.00072 0.004 -30.97 -12.88 100000 USD 0.007
USDRUB**** 0.0001 0.0185 0.42 -203.04 14.93 100000 USD 0.034
USDSEK 0.00001 0.00029 0.0049 -10.74 -91.54 100000 USD 0.0082
USDSGD 0.00001 0.0003 0.002 -6.05 -8.52 100000 USD 0.0014
USDTRY 0.00001 0.00069 0.0017 -128.92 77.38 100000 USD 0.0028
USDZAR 0.0001 0.0115 0.015 -30.44 16.56 100000 USD 0.0206

For Micro Accounts

Currency Pair Minimum Price
Fluctuation
Spreads
as low as*
Average Spreads* Long Swap Value
(Points)
Short Swap Value
(Points)
Value of 1 lot Limit and Stop Levels*****
AUDCADmicro 0.00001 0.00021 0.00036 -0.34 -7.32 1000 AUD 0.0016
AUDCHFmicro 0.00001 0.00012 0.0004 2.46 -8.84 1000 AUD 0.0016
AUDJPYmicro 0.001 0.01 0.03 1.93 -7.57 1000 AUD 0.099
AUDNZDmicro 0.00001 0.00014 0.00045 -5.5 -3.2 1000 AUD 0.0021
AUDUSDmicro 0.00001 0.0001 0.00018 -0.51 -3.41 1000 AUD 0.0005
CADCHFmicro 0.00001 0.00024 0.0004 0.2 -6.22 1000 CAD 0.0018
CADJPYmicro 0.001 0.013 0.034 -1.33 -4.53 1000 CAD 0.1
CHFJPYmicro 0.001 0.01 0.03 -6.51 -2.28 1000 CHF 0.12
CHFSGDmicro 0.00001 0.00022 0.0022 -12.22 -1.96 1000 CHF 0.0028
EURAUDmicro 0.00001 0.00023 0.0004 -15.18 4.22 1000 EUR 0.0012
EURCADmicro 0.00001 0.00021 0.00037 -9.22 -0.32 1000 EUR 0.0014
EURCHFmicro 0.00001 0.00017 0.00027 -1.9 -4.39 1000 EUR 0.00062
EURDKKmicro 0.00001 0.00106 0.0023 -36.92 -44.62 1000 EUR 0.0026
EURGBPmicro 0.00001 0.0001 0.00018 -3.54 -0.14 1000 EUR 0.0005
EURHKDmicro 0.00001 0.00074 0.0033 -56.84 -29.61 1000 EUR 0.0052
EURHUFmicro 0.001 0.08 0.3 -22.22 -15.42 1000 EUR 0.6
EURJPYmicro 0.001 0.01 0.026 -4.17 -2.67 1000 EUR 0.054
EURNOKmicro 0.00001 0.00135 0.00697 -81.26 -18.66 1000 EUR 0.0062
EURNZDmicro 0.00001 0.00028 0.00067 -16.47 4.73 1000 EUR 0.0022
EURPLNmicro 0.00001 0.00299 0.00541 -47.98 5.32 1000 EUR 0.0054
EURRUBmicro**** 0.0001 0.0165 0.45 -269.43 64.46 1000 EUR 0.0738
EURSEKmicro 0.00001 0.00177 0.0047 -48.25 -55.32 1000 EUR 0.0056
EURSGDmicro 0.00001 0.00024 0.00163 -12.24 -2.24 1000 EUR 0.0014
EURTRYmicro 0.00001 0.00111 0.0025 -152.39 104.81 1000 EUR 0.003
EURUSDmicro 0.00001 0.0001 0.00017 -7.99 1.61 1000 EUR 0.0004
EURZARmicro 0.00001 0.00248 0.015 -387.05 220.35 1000 EUR 0.0258
GBPAUDmicro 0.00001 0.00012 0.00043 -12.34 0.06 1000 GBP 0.0016
GBPCADmicro 0.00001 0.00015 0.00054 -8.17 -4.17 1000 GBP 0.002
GBPCHFmicro 0.00001 0.00016 0.00044 0.66 -7.05 1000 GBP 0.00178
GBPDKKmicro 0.00001 0.0003 0.0049 -23.18 -64.63 1000 GBP 0.006
GBPJPYmicro 0.001 0.01 0.04 -2.2 -4.6 1000 GBP 0.108
GBPNOKmicro 0.00001 0.0013 0.008 -72.65 -56.25 1000 GBP 0.0146
GBPNZDmicro 0.00001 0.00035 0.0008 -14.75 1.85 1000 GBP 0.0036
GBPSEKmicro 0.00001 0.0033 0.009 -30.1 -80.15 1000 GBP 0.014
GBPSGDmicro 0.00001 0.00042 0.002 -11.04 -6.34 1000 GBP 0.0034
GBPUSDmicro 0.00001 0.0001 0.00023 -6.22 0.18 1000 GBP 0.00052
NZDCADmicro 0.00001 0.00031 0.00047 -0.24 -7.07 1000 NZD 0.0018
NZDCHFmicro 0.00001 0.00021 0.00055 2.65 -8.05 1000 NZD 0.002
NZDJPYmicro 0.001 0.014 0.05 1.76 -7.44 1000 NZD 0.14
NZDSGDmicro 0.00001 0.00034 0.002 -1.75 -8.55 1000 NZD 0.0022
NZDUSDmicro 0.00001 0.00011 0.00025 -0.62 -4.12 1000 NZD 0.0008
SGDJPYmicro 0.001 0.033 0.2 -2.83 -5.23 1000 SGD 0.14
USDCADmicro 0.00001 0.0001 0.00024 -2.07 -5.57 1000 USD 0.00052
USDCHFmicro 0.00001 0.0001 0.00023 2.53 -8.64 1000 USD 0.0005
USDCNHmicro 0.0001 0.0018 0.0025 -9.59 -2.06 1000 USD 0.005
USDDKKmicro 0.00001 0.0002 0.003 -11.55 -64.56 1000 USD 0.0034
USDHKDmicro 0.0001 0.0011 0.0028 -2.69 -5.37 1000 USD 0.0026
USDHUFmicro 0.001 0.101 0.28 -9.1 -25.5 1000 USD 0.52
USDJPYmicro 0.001 0.01 0.018 0.26 -7.24 1000 USD 0.04
USDMXNmicro 0.00001 0.0017 0.01 -303.28 -52.57 1000 USD 0.0103
USDNOKmicro 0.00001 0.00052 0.0055 -45.9 -57.47 1000 USD 0.0078
USDPLNmicro 0.00001 0.00072 0.004 -30.97 -12.88 1000 USD 0.007
USDRUBmicro**** 0.0001 0.0185 0.42 -203.04 14.93 1000 USD 0.0456
USDSEKmicro 0.00001 0.00029 0.0049 -10.74 -91.54 1000 USD 0.0082
USDSGDmicro 0.00001 0.0003 0.002 -6.05 -8.52 1000 USD 0.0014
USDTRYmicro 0.00001 0.00069 0.0017 -128.92 77.38 1000 USD 0.0028
USDZARmicro 0.0001 0.0115 0.015 -30.44 16.56 1000 USD 0.0206

For XM Zero Accounts

Currency Pair Minimum Price
Fluctuation
Average Spreads* Commission per 100,000 USD traded***** Long Swap Value
(Points)
Short Swap Value
(Points)
Value of 1 lot Limit and Stop Levels*****
AUDCAD. 0.00001 0.00013 5 USD -0.34 -7.32 100000 AUD 0.0016
AUDCHF. 0.00001 0.00011 5 USD 2.46 -8.84 100000 AUD 0.0016
AUDJPY. 0.001 0.006 5 USD 1.93 -7.57 100000 AUD 0.099
AUDNZD. 0.00001 0.00017 5 USD -5.5 -3.2 100000 AUD 0.0021
AUDUSD. 0.00001 0.00004 5 USD -0.51 -3.41 100000 AUD 0.0005
CADCHF. 0.00001 0.0001 5 USD 0.2 -6.22 100000 CAD 0.0018
CADJPY. 0.001 0.011 5 USD -1.33 -4.53 100000 CAD 0.1
CHFJPY. 0.001 0.015 5 USD -6.51 -2.28 100000 CHF 0.12
CHFSGD. 0.00001 0.0005 5 USD -12.22 -1.96 100000 CHF 0.0028
EURAUD. 0.00001 0.00016 5 USD -15.18 4.22 100000 EUR 0.0012
EURCAD. 0.00001 0.00015 5 USD -9.22 -0.32 100000 EUR 0.0014
EURCHF. 0.00001 0.00011 5 USD -1.9 -4.39 100000 EUR 0.00062
EURDKK. 0.00001 0.0007 5 USD -36.92 -44.62 100000 EUR 0.0026
EURGBP. 0.00001 0.00008 5 USD -3.54 -0.14 100000 EUR 0.0005
EURHKD. 0.00001 0.001 5 USD -56.84 -29.61 100000 EUR 0.0052
EURHUF. 0.001 0.18 5 USD -22.22 -15.42 100000 EUR 0.6
EURJPY. 0.001 0.006 5 USD -4.17 -2.67 100000 EUR 0.054
EURNOK. 0.00001 0.00294 5 USD -81.26 -18.66 100000 EUR 0.0062
EURNZD. 0.00001 0.00028 5 USD -16.47 4.73 100000 EUR 0.0022
EURPLN. 0.00001 0.0027 5 USD -47.98 5.32 100000 EUR 0.0054
EURRUB.**** 0.0001 0.28 5 USD -269.43 64.46 100000 EUR 0.0738
EURSEK. 0.00001 0.0022 5 USD -48.25 -55.32 100000 EUR 0.0056
EURSGD. 0.00001 0.0009 5 USD -12.24 -2.24 100000 EUR 0.0014
EURTRY. 0.00001 0.0023 5 USD -152.39 104.81 100000 EUR 0.003
EURUSD. 0.00001 0.00001 5 USD -7.99 1.61 100000 EUR 0.0004
EURZAR. 0.00001 0.0106 5 USD -387.05 220.35 100000 EUR 0.0258
GBPAUD. 0.00001 0.0002 5 USD -12.34 0.06 100000 GBP 0.0016
GBPCAD. 0.00001 0.00022 5 USD -8.17 -4.17 100000 GBP 0.002
GBPCHF. 0.00001 0.00019 5 USD 0.66 -7.05 100000 GBP 0.00178
GBPDKK. 0.00001 0.002 5 USD -23.18 -64.63 100000 GBP 0.006
GBPJPY. 0.001 0.009 5 USD -2.2 -4.6 100000 GBP 0.108
GBPNOK. 0.00001 0.0061 5 USD -72.65 -56.25 100000 GBP 0.0146
GBPNZD. 0.00001 0.0004 5 USD -14.75 1.85 100000 GBP 0.0036
GBPSEK. 0.00001 0.0047 5 USD -30.1 -80.15 100000 GBP 0.014
GBPSGD. 0.00001 0.0013 5 USD -11.04 -6.34 100000 GBP 0.0034
GBPUSD. 0.00001 0.00004 5 USD -6.22 0.18 100000 GBP 0.00052
NZDCAD. 0.00001 0.00019 5 USD -0.24 -7.07 100000 NZD 0.0018
NZDCHF. 0.00001 0.00014 5 USD 2.65 -8.05 100000 NZD 0.002
NZDJPY. 0.001 0.012 5 USD 1.76 -7.44 100000 NZD 0.14
NZDSGD. 0.00001 0.0005 5 USD -1.75 -8.55 100000 NZD 0.0022
NZDUSD. 0.00001 0.00008 5 USD -0.62 -4.12 100000 NZD 0.0008
SGDJPY. 0.001 0.057 5 USD -2.83 -5.23 100000 SGD 0.14
USDCAD. 0.00001 0.00006 5 USD -2.07 -5.57 100000 USD 0.00052
USDCHF. 0.00001 0.00005 5 USD 2.53 -8.64 100000 USD 0.0005
USDDKK. 0.00001 0.00079 5 USD -11.55 -64.56 100000 USD 0.0034
USDHKD. 0.0001 0.0005 5 USD -2.69 -5.37 100000 USD 0.0026
USDHUF. 0.001 0.14 5 USD -9.1 -25.5 100000 USD 0.52
USDJPY. 0.001 0.001 5 USD 0.26 -7.24 100000 USD 0.04
USDMXN. 0.00001 0.004 5 USD -303.28 -52.57 100000 USD 0.0103
USDNOK. 0.00001 0.003 5 USD -45.9 -57.47 100000 USD 0.0078
USDPLN. 0.00001 0.0024 5 USD -30.97 -12.88 100000 USD 0.007
USDRUB.**** 0.0001 0.29 5 USD -203.04 14.93 100000 USD 0.0456
USDSEK. 0.00001 0.00249 5 USD -10.74 -91.54 100000 USD 0.0082
USDSGD. 0.00001 0.00065 5 USD -6.05 -8.52 100000 USD 0.0014
USDTRY. 0.00001 0.0015 5 USD -128.92 77.38 100000 USD 0.0028
USDZAR. 0.0001 0.009 5 USD -30.44 16.56 100000 USD 0.0206

Examples of the commission fee calculation (XM Zero Accounts only)

Example 1
To position Buy 3 lots USD/GBP, the transaction volume is 300,000 USD. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 5 each, for this transaction it will be: 2 x (5 x 300,000 / 100,000) = 30 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).

Example 2
For a “Buy 2 lots EUR/USD” position the transaction size is 200,000 EUR which corresponds to 220,000 USD, given a EUR/USD exchange rate of 1.10000. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 5 each, for this transaction it will be: 2 x (5 x 220,000 / 100,000) = 22 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).

RUB TRADING HOURS
(GMT+2 time zone, please note DST may apply)
Monday – Friday: 09:05 – 17:55

FOREX TRADING HOURS
(GMT+2 time zone, please note DST may apply)
Monday – Friday: 00:05 – 23:50

* The average spreads shown here are calculated throughout the day. They tend to be narrower under normal market conditions. However, spreads may widen following important news announcements, during political uncertainty, unexpected events leading to volatile market conditions or at the close of the business day and on weekends when liquidity is lower. When you trade with us Trading Point is your counter-party. Your trades are matched and any next exposure above predefined thresholds is hedged with our partner banks (our liquidity providers) at the current market spread. However, during volatile and illiquid market conditions our liquidity providers quote larger than normal spreads. At such times Trading Point is forced to pass on some of the spread increases to its clients.

** If you leave an open position for the next trading day, you pay or you obtain the certain amount, calculated on the basis of interest rates difference of two currencies in currency pair. This operation is called “swap.” In the trading terminal, “swap” is automatically converted into the deposit currency. The operation is conducted at 00.00 (GMT+2 time zone, please note DST may apply) and can take several minutes. From Wednesday to Thursday swap is charged for three days.

*** Minimum level for placing Stop Loss and Take Profit orders from a current market price.

***** For instruments not denoted in USD calculations should be based at the current exchange rate (for XM Zero Accounts only)

Leverage for EURDKK, EURHKD, GBPDKK, USDDKK, USDHKD, USDCNH, EURRUB and USDRUB is set to 1:50 for all accounts.

The margin required for positions on all CHF pairs is 2 times the margin set as per account leverage.

About Forex Trading

Forex trading, or currency trading, or FX trading, as it can be also abbreviated, are all terms that describe the currency exchange market as we know it today, which in simple language refers to the global, decentralized marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.

The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. Prior to the current forex trading rates system, a monetary management system called the Bretton Woods Agreement was in existence, in which the exchange prices of currencies against each other were tied and correlated to the reserves of gold in possession of the two countries that were the originators of the actual currencies related to a transaction.

Forex Trading Marketplace
The forex trading marketplace, as it stands today, is the world’s largest and most liquid market due to a number of factors which include, but are not limited to, ease of performing transactions over the internet, the modern development of travelling, ease of international communication and modern transportation, which have made our world a smaller place.

By making our world a smaller and more global place, this automatically means that people, goods and services can travel faster and more easily. This also means that a necessity of currencies to be traded against each other is needed in order for this to happen. All these factors have determined a growing forex trading marketplace, which will only continue to grow and become more dynamic, liquid and responsive.

Online Forex Trading
Among the main participants of the forex trading market, one of the most growing segments of the total pool of participants of the marketplace, are retail foreign exchange traders (individuals) who participate in online forex trading for mainly speculative reasons with the ultimate goal of generating a profit from currency fluctuations (market changes), or hedging unwanted currency risk.

This segment participates in the forex trading marketplace via a broker (like XM), or via a bank. In this case, the bank or the broker will issue the retail client a trading account that will be funded in a base currency (usually the local currency of the region where the client is domiciled), and the client will have the opportunity to buy and sell currencies both online and over the phone with the goal of deriving profit.

Forex Trading via a Broker
Participating in the forex trading marketplace via a broker like XM means that the client receives access to real-time pricing of the forex marketplace and is quoted buy and sell prices for a number of instruments via an online trading platform (or via the phone). The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.

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