In Entflame.com we tested and analyzed the investment platform of XM and we have sought out different opinions in this internet agent.
To perform this study we have to say that this broker previously called XEMarkets, so many advisors says that time XM is known as XEMarket. Most of the opinions that we have found are forums and review pages brokers where traders discuss their experience with the broker.
We have collected and summarized the most common opinions that exist on the internet about XM broker and have divided into different categories according to different aspects.
XM offers different options broker deal platforms. On the one hand the well-known features in version Meta-trader 4 both normal versions as multi-terminal to manage different accounts. It also has a platform versions own investment for both desktop and mobile.
On the Meta-trader platform you can use any automated trading system (Expert Advisors) without any restriction on the investment strategy. In this sense it is a fairly standard broker and views of traders are usually neutral.
XM is a forex broker mainly but also has other financial instruments such as CFDs, indices and precious metals.
Xm is a type broker Market Maker therefore it is a DD broker (dealing desk). One of the highlights of this broker and make mention especially advertising does is allow leverage up to 1: 888. There are users who take this as a negative because it carries a high risk in trading but 1: 888 is the maximum leverage of the account and can select different values from 1: 1, 1: 10 … to the maximum allowed.
Another of the most representative aspects of this broker is that the execution of the orders is completed through “Market Implementation” or market execution and therefore no opportunity of re-quotes or refusals. This point is positive about most traders since in many cases requotes spoil a strategy of profitable trading.
XM has diverse accounts that are the MICRO account (to function microlots), STANDARD (standard lot size) and ZERO (has low spreads from 0 pips and directive of $ 5 for every $ 100,000 traded). In all accounts all types of robots (Expert Advisors) are permitted for instinctive trading and any trading policy allowed (Scalping included). Most traders agree in saying that run scripts and robots flawlessly on XM.
Another distinctive point of this broker is that they say run the 99.35% of the orders in less than 1 second. Many of the views of traders agree that the performance is truly very fast and have requotes but prices update on the platform of the broker could be faster because there are brokers where the value update is sudden.
As for the default Spreads they are flexible but can be ordered to be fixed by paying an insurance premium as fixed are higher. As the views of traders on Spreads there is substantial diversity. Most are right to say that in the exchanges Spreads best known are reasonable sound but other pairs are quite high.
Our practice with technical support has been good. We can cater email or online chat in English. We did go through a potential customer and contacted them through online chat. The pretty giddy with questions about the demo account, types of performance, forms of income and we responded quickly to all issues.
XM demo account has no expiration date unless it is not used for more than 120 days. The high of the demo account takes about a minute and is very easy to perform process. In creating the demo account can choose the currency, leverage used, and the initial deposit.
A point in favor of this broker is that both withdrawals and income are exempt from fees by XM. Allow numerous forms of payment / withdrawal including credit / debit card, Moneybookers, Neteller. The opinions found online about experiences on income and withdrawals with this broker make mention of the speed of the process.
Discover our actual experience on how to open an account at the broker XM, deposit funds and withdraw money. We show you step by step, with screenshots and we explain all the details you need to know:
HOW DOES THE BROKER XM?
After assessing the views on XM we conclude that it is a reliable broker and regulated and recommended for those looking for a broker that allows a high degree of succession, fast and not have re-quotes. XM is a trademark of Trading Point of Financial Instruments Ltd and is regulated by CySEC. You can try a demo account to test the capabilities that can offer you this broker.