Although XM are one of the newest UK Forex brokers, having been founded as recently as 2009, they have quickly acquired an excellent reputation. Based in Cyprus and regulated by CySec, the Cypriot Forex dealing regulatory body, they are also covered by the FCA and are a reliable broker. XM brand belongs to financial services company Trading Point of Financial Instruments Ltd.

Trading Platform/ software

The trading platforms at XM include MetaTrader 4, with no rejections and no requotes. Leverage ranges from as little as 1:1 all the way up to 500:1. MetaTrader 4 allows a single login with up to 8 platforms, with spreads as low as 0 pips and some 300 instruments available. MT4 is available for Mac, PC, multiterminal, WebTrader, iPhone, Android, iPad, and Android tablet. MetaTrader 5 – MT 5 is a single platform with 6 asset classes available. Some 80 analytical objects are included with the platform and the latest price quotes are provided. The total number of financial instruments available is 300+, and these include Forex, stocks, indices, commodities and CFDs. The major difference between MT4 and MT 5 is that MT4 is a Forex trading platform, while MT5 is geared towards multi-asset trading. Smartphone trading is available at XM, simply by downloading the application on Android and iOS devices.

Features 

Investors who maintain xm Trading accounts can enjoy a variety of trading tools and features that include the following: 

  • Market maker broker 

  • No dealing desk 

  • One click automated trading 

  • Trading from charts 

  • Hedging and Scalping permitted 

  • No requotes 

  • Allows integration of Expert Advisors 

  • Trailing stops 

  • Trading over the phone 

  • First deposit bonus 

  • Promotions and contests 

  • Negative balance protection  

  • Multilingual economic calendar 

  • Virtual Private Server (VPS) services 

  • Multilingual customer support services

XM Bonus System and Types

Learning information about a broker is an entire process you need to consider every time before signing in a particular website. And part of this process is to see if the available bonuses are ok for you. Thankfully, XM offers numerous promotions and special extras you should definitely check out now.

  • No Deposit Bonus – The bets Forex bonus ever – the no deposit bonus – is still part of the bonus system that XM website provides to all of its clients. To be more specific only newly registered clients can actually benefit of it. The no deposit bonus here is 30 $ and you can use it only if you are new on the website and have just made your registration with a validated account to trade from.
  • Welcome bonus – Another welcome bonus for all the newly registered clients on the XM website gives you up to 100% with a maximum reward of 5000 $ of your initial deposit. Unlike the previous bonus, you must make a deposit in advance and then to receive the bonus. So if you deposit 200 $ you can have in your wallet 400 $.
  • Loyal Bonuses and Programs – Become a regular customer on XM at some point and you will be able to apply for a loyalty program. This program gives you several extras and special promotions and to reach it you will need to collect a particular amount of points, which are given during your experience on XM platform.
  • Special Seasonal Bonuses – Do not forget to check out for special seasonal bonuses on XM. This Forex platform has a tradition to update its bonus system all the time, so you can receive an additional offer throughout your experience here.

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