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Forex Broker Review: XM (XeMarkets)

XE Markets Review

 XM (XeMarkets) Review  

» Check XeMarkets Rating Analysis


XE MARKETS GENERAL INFORMATION

Found: XE Markets was found in 2008

Headquarters: XE Markets has offices in Cyprus

■ US Residents: XE Markets forbids traders from US –No

■ Islamic Accounts: XE Markets supports Islamic Accounts –Yes

■ Regulated: XE Markets is regulated by »FSA UK (No 538324) »CySEC (No 12010) »BaFIN (124161) »MiFID and »ASIC

■ Languages: XE Markets web-site supports English and 16 more languages


XE MARKETS TRADING INFO SUMMARY

XE Markets Trading Platform

Broker Type: XeMarkets is a Forex Agent / STP Broker

CFD Trading: Yes

Platforms: XE Markets Offers 1) WebTrader 2) Mirror Trader and 3) »MetaTrader4 plus »Zulu Trade

Trading Time Zone: GMT

Demo Account: XE Markets is providing a Demo Account –Yes

Typical Spread EUR/USD: XE Markets spread on EUR/USD is 1.4 pip

Leverage: Leverage at XE Markets can be up to 1/888

Scalping: is allowed at XE Markets –Yes

Bonus: XE Markets offers Bonus up to 30%

■ Minimum Account: $5

Visit XE Markets

TRADING ASSETS

■ 53 Forex Currencies

■ CFD Trading (Trading on margin of 1%, leverage up to 1/100, no commissions, portfolio hedging)

■ Equity Indices

■ Precious Metals

■ Energy Trading

COMMISSIONS & LEVERAGE

XE MARKETS TRADING COMMISSIONS

XE Markets Typical Trading Spread as measured on EUR/USD is 1.4 pip.

■ XE Markets does not charge re-quotes and the orders are executed fast (low slippage).

XE MARKETS TRADING LEVERAGE

Leverage at XE Markets can be up to 1/888

TRADING PLATFORM & MOBILE

XE MARKETS TRADING PLATFORM

XE Markets is offering:

1. MetaTrader 4

2. Web Trader

3. Mirror Trader

Scalping is allowed at XE Markets and a Demo Account is available.

TRADING HOURS

Trading starts on Sunday 22:05 GMT and ends on Friday 21:50 GMT.

XE MARKETS MOBILE TRADING

XE Markets  supports iPhone, iPad and Android mobile devices

Get free iPhone XE Markets mobile app
MT4 iPhone Mobile App

Get Android XE Markets mobile app
MT4 Android Mobile App

 

NEW ACCOUNT INFORMATION

XE Markets Minimum Account:

The minimum initial deposit required for opening an account on XE Markets is 5 USD for Mini Accounts and 100,000 USD for Executive Accounts

XE Markets Deposit Methods:

■ Bank Wire Transfer

Credit Cards

■ MoneyBookers

Neteller

■ Liberty Reserve

XE Markets Withdrawal Methods:

■ Bank Wire Transfer

■ Credit Cards

■ MoneyBookers

■ Neteller

■ Liberty Reserve

XE Markets offers Deposit Bonus up to 30%. From time to time they offer Trading Bonus up to 100% (Credit Bonus)

XEMarket Review Conclusions:

XE Markets provides a good Forex & CFD Trading experience. The major advantages of XE Markets include relative tight spreads, high leverage, and no commissions. Furthermore, XM doesn't impose re-quotes and trading orders are executed fast (low slippage). Many trading assets and many platforms are available at XE Markets (including mobile applications). XEMarkets is a highly regulated STP Forex broker (FSA UK, CySEC, MiFID) which offers also CFD trading. In most categories XE Markets performs above the industry's average. US Traders are not accepted and Paypal is not accepted as a fund method.

My personal trading experience with XeMarkets may be considered as generally positive. Their customer service is good and fast.  The only problem I faced was related to the stop levels at late hours. XEMarkets is a Forex Agent supporting the STP model and offering variable spreads, so at late hours trading is more expensive (wider spreads). In general, their trading environment may be considered as reliable.

 Visit XE Markets

CONTACT INFORMATION

MAIN OFFICE CYPRUS

12 Richard & Verengaria Str., 3rd Floor, 3042 Limassol, Cyprus
Tel: +357 25029900
Fax: +357 25820344

POSTAL ADDRESS

XEMarkets
PO Box 50626, 3608 Limassol, Cyprus

ACCOUNTING DEPARTMENT

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BACK OFFICE DEPARTMENT

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CUSTOMER SUPPORT DEPARTMENT

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DEALING ROOM
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HUMAN RESOURCES DEPARTMENT
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PR DEPARTMENT
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SALES DEPARTMENT
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NEW ZEALAND OFFICE

38 Birmingham Drive, Middleton, Christchurch 8024, New Zealand
Tel: +64 33353327
Fax: +64 33353417

  

XE MARKETS REVIEW PROS & CONS (According to competition)

XE MARKETS REVIEW

√ XE MARKETS  PROS

XEMARKETS CONS


√ High Regulated Forex Broker

√ No trading Commissions

√ Low Slippage on execution

√ Wide variety of Trading Assets and many Forex Pairs

√ Many Trading Platforms and other Options available

√ Low Minimum Deposit

√ Trading Accounts held in many different currencies 

√ Available Bonus (most of the times credit bonus)

 

X Relative high SWAP charges

X No ECN execution


 Visit (XM) XEMarkets

 

 

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