First of all, if you explain about "XMTrading", it can be said that "Because the customer is analyzed very well and the product development is done, the total power is comparable to the domestic supplier" .
There are a large number of trader users, and their popularity is due to the following characteristics.
If you are going to start Forex, I would recommend XM anyway. It is a popular contractor with high safety and reliability.
- XM safety
- XM reviews
- Feature, merit and demerit of XM
- From opening of XM account to deposit and withdrawal
- XM Trading Terms and Rules
- XM Trading Tools App
- XM Customer Support
- XM Information Service
- XM Campaign Bonus
Financial license acquired by the Seychelles Financial Agency
|Trading Point Seychelles Ltd
|Financial license||Seychelles Financial Agency|
First of all, about important "corporate safety".
Founded in 2009, Trading Point (Seychelles) Limited, which operates XM, has acquired a securities dealer license at its headquarters in Seychelles .
The securities dealer license holder is obligated to meet strict financial requirements and is required by law to hold sufficient liquid capital to fund customer deposits, potential changes in the company's currency position and other unpaid expenses. It is done.
If the annual audit finds a shortage, the internal audit corporation will report all details to the authorities.
In other words, because XM is under external control and supervision to ensure safe operation, it can be said that the reliability and safety as a company are very high like a Forex company .
Client assets segregated + guaranteed up to $ 1 million
What is particularly worrying about using a vendor, if the vendor goes bankrupt, what happens to the funds deposited in the account?
If it is a domestic company, customer assets are fully refunded because trust maintenance is obligated.
XM does not have this trust protection.
However, customer deposits are clearly segregated from the funds of XM at Barclays Bank of the United Kingdom, and in the unlikely event that XM fails, they will not be used for repayment.
In addition, AIG (American International Group) insurance is covered, so the customer's money is covered up to $ 1 million .
In other words, in XM, it is possible to receive a guarantee close to the contractor who has introduced the trust preservation scheme in practice.
Next, let's look at some of the word of mouth and reputation for XM.
Evaluation is FPA First of all
The largest Forex bulletin board "FPA（Forex Peace Army）" is rated "", It is a fair evaluation.
However, when I asked for comments, there were also claims such as "people with certain nationalities can not trade, or are not eligible for transaction bonus."
Feature, merit and demerit of XM
|Transaction cost||Account opening
|Transaction fee||free||One way $ 5
(per 100,000 currency)
|Terms and conditions||Transaction form||NDD STP||NDD ECN|
|Maximum trading volume
|How to order||One click, market, limit, stop
IFD · OCO, IFO
|Money management||Margin call||50％|
|Deposits and withdrawals||Deposit fee||free|
|Asset protection||Separation management||◯|
(Adopt AIG insurance)
Necessary margin from 1 cent! However, transaction costs are expensive
There are three types of XM accounts: "Micro", "Standard" and "Zero".
The transaction format is NDD, which is highly transparent.
It sells high execution power such as "No requoting, no rejection of trade", "100% of trade rate", and "Slows 99.35% of all orders in less than 1 second" .
Leverage is up to 888 times for micro standard accounts and up to 500 times for Zero accounts.
As 1Lot is 1,000 currencies, micro account can be traded from 10 currencies (0.01Lot) with MT4.
That is, in the case of USD / JPY, if the leverage is 888 times, the minimum required margin is about 1 yen .
The transaction cost is only the transaction fee generated by the Zero account and the variable spread, and the nature differs depending on the type of account.
Micro standard accounts have wide spreads and transaction fees are free .
The spread on the Zero account is fairly narrow , but there is a $ 5 one-way transaction fee per 100,000 currency, so it is not a good deal in terms of overall transaction costs.
Swap points are not suitable for long-term trading because they have many negative swaps and small grants .
Enhanced support and bonus system
XM is attractive when you open an account, make a deposit, make a transaction, and get a big transaction bonus for each .
Users are likely to be relatively newcomers who made Forex debut for trading bonus.
It can be said that it is easy for a beginner who has been benefited from the surface to make a deal with high leverage, and a pattern of losing funds in an instant .
The loss cut rate is a general margin maintenance rate of 20% among vendors, so it is an immediate loss cut if you make an unreasonable trade.
As a zero cut system is adopted , there is no more loss than the account funds, but this may also be a factor that may lead to oversight and into unreasonable trade.
From opening of XM account to deposit and withdrawal
All you need is your ID and address confirmation
If you only need to open an account or deposit money, you do not need to submit documents.
However, to submit a withdrawal request, you need to upload the following identity verification documents from the member page.
It is meaningless if you can not withdraw, so if you can not prepare this identification document, you should not open an account or make a deposit.
This is a point that is likely to develop into trouble, so please be careful.
- Identification card image
- Image of address confirmation
Identification documents can use "passport, driver's license, my number card", address confirmation documents can use "bills such as latest utility charges that address was listed in, bank statement within the past six months".
The image format is "GIF · JPG · PNG · PDF".
Once the identity verification documents are prepared, visit the XM official site to open an account and upload required documents.
The procedure is very easy as follows.
Flow of account opening
Payment method is general, but payment can be made by domestic remittance
|Method of deposit and withdrawal||Fee|
|Deposit||Credit debit card||free※|
|Withdrawal||Credit debit card|
XM has a very rich deposit and withdrawal method.
Credit and debit cards, mybitwallet, are the most advantageous when considering fees and account reflection times.
In the case of domestic bank remittance, the cost is only the transfer fee to "Resona Bank or Sumitomo Mitsui Banking Corporation" and the account reflection is also quick, so it is the payment method with the most users.
However, even if payment is made by domestic bank remittance, the withdrawal will be overseas bank remittance, so fees for relay financial institutions etc. will be incurred, and people with frequent withdrawals will cost considerably.
In addition, if the cash currency is different from the account currency, it is not recommended because it is automatically converted at the rate at the time of deposit and withdrawal and extra costs are incurred.
Previously, WEB money such as "NETELLER" and "Skrill" could also be used, but it is currently inactive and can be used instead with "i-Account". Yes.
The payment procedure is as follows (the withdrawal procedure is almost the same).
Procedure of payment
XM Trading Terms and Rules
Currency pairs are generally 57 types
There are 57 types of currency pairs, regardless of the type of account.
Total cost is considerably higher than other companies
Micro standard account
|Currency pair||Average spread
|Currency pair||Average spread
|Currency pair||Average spread
|Currency pair||Average spread
The above table is the average spread for each currency pair published in XM.
The spread on the micro standard account is wide transaction fee free , the spread on the Zero account is fairly narrow, but the transaction fee is $ 5 ( one lot = 100,000 currency) perway .
Compare actual spreads with other leading Forex vendors.
Of these four spreads, XM's standard account (micro account) was the widest , and conversely, XM's Zero account was the narrowest and stable .
At first glance, you tend to think that a Zero account is more advantageous than other companies, but when calculated including the transaction fee (round-trip), the result is as follows.
|Transaction fee (one way)||free||$ 5||free||$ 3||free||$ 3.5||free|
Thus, regardless of the type of account, XM is the one with the highest transaction cost except for GBP / JPY.
Zero cut adopted, no additional certification
In XM, a margin call triggers with a 50% margin maintenance rate and a loss cut with a 20% margin maintenance rate .
In addition, since the zero cut system has been introduced, there will be no loss over the deposit amount.
Even if the loss cut is not in time in certain conditions and the account balance becomes negative, the new balance will automatically cancel the negative balance.
XM Trading Tools App
There are two types of trading tools: "MT4" and "MT5"
The main features of MT4 and MT5 are as follows.
Characteristics of MT4 and MT5
- High-performance platform used worldwide
- Automatic trading using EA is possible
- One click order possible
- You can order directly from the chart
- Unlimited number of charts can be displayed simultaneously
- Display board information that can confirm market orders
- Equipped with rich chart types, technical and drawing tools
- Multilingual support available
Meta Trader is a versatile trading tool used by many Forex vendors.
Using a proprietary programming language "MQL (Meta Quotes Language)" similar to C language, it specializes in indicator and automatic trading program (EA) development.
In XM, two types of versions, Meta Trader 4 and Meta Trader 5 (hereinafter referred to as MT 4 and MT 5), are available on personal computers and smartphones.
MT5 has been developed as a successor to MT4 and has various function extensions.
The reason why we use two different versions of tools is that the number of MT4 users is overwhelmingly large now, and there is a fact that MT5, which should have high functionality, has not been widely used .
The main reason is that the traders who used MT4 are outperforming the transition to MT5 because the indicators are incompatible between MT4 and MT5 .
XM, which employs both MT4 and MT5 as trading tools, can be said to have a good grasp of the facts of this user .
The usage and functions are almost the same as the other companies, so details will be omitted and the two differences will be explained here.
Compare the specifications of "MT4" "MT5"
- MT4: 9 types of hour and foot, 3 types of chart, 47 types of technical, 31 types of drawing tools
- MT5: 21 types of hour and foot, 3 types of chart, 77 types of technical, 43 types of drawing tools
The difference between time base, chart type, technical (indicator) and drawing tools is as described above.
MT5 has more time, technical and drawing tools than previous versions.
Difference of window, management screen
In addition, in MT5, the brand management screen and board information screen have been remodeled and are easier to use.
It is now possible to search for stocks on the MT5 brand management screen.
When you enter some keywords, corresponding candidates will be listed automatically, and usability is much improved.
A tick chart has been added to the board information screen.
However, although it is possible to display the transaction volume etc. originally as follows , the function is limited in XM.
XM Customer Support
upport email and live chat is high quality
|Live chat||OK||Weekday 9-21 o'clock|
There are two types of customer support: email and live chat .
In fact, when I made an inquiry, I felt that the response was very fast and the response was very good .
By the way, XM allows you to place an order by phone, but this is all for English and international calls.
XM Information Service
Even beginners are safe! Video content and video seminars are enhanced
XM differs from other Forex vendors in that it has a lot of content for investment beginners and a solid support system .
The official site offers the following various information services:
Watch market analysis reports with videos
Economic news is distributed by video.
You can also watch back numbers.
Video manual also enhanced
Video manuals for trading tools are also provided.
The point where a beginner is easy to ask questions is well explained and the content is very easy to understand.
Free Trading Signals Preinstalled
MT4 · MT5 has a free trading signal installed from the beginning.
The signal is updated twice a day, enabling you to automate entry, profit fixing and loss cutting.
It may be good for beginners to use it as an automatic trading portal.
Paid trading signals can also be purchased
You can also purchase paid trading signals provided by the MQL5 community .
You can purchase and set up directly from the trading tool.
Economic calendar can check even detailed information.
A wealth of useful FX calculation tools
The above six types of calculation tools are available in XM.
However, there is no calculation tool for margin maintenance rate and price range up to loss cut.
XM Campaign Bonus
With XM, you can earn a large amount of trading bonus by opening an account, receiving money, and trading, so you can significantly increase the amount of former funds.
However, because there are many restrictions, please be careful not to lose the bonus you have saved.
You can get a bonus of 3,000 yen for opening an account
First, when the account opening is done and the personal identification is approved, a transaction bonus of 3,000 yen is given to all real account holders . The acquisition method is as follows.
How to get an account opening bonus
You will receive a bonus each time you deposit
The deposit bonus is a transaction bonus that is given in the next two stages depending on thedeposit amount .
- 100% bonus up to a total deposit of $ 500
- 20% bonus up to a total deposit of $ 5,000
In other words, if you deposit 50,000 yen, a bonus of about 50,000 yen will be granted, and transactions of 100,000 yen are possible, and if you deposit 500,000 yen, a transaction bonus of up to about 190,000 yen will be granted together. It is possible to trade for about 690,000 yen.
We can convert XM points which we saved by transaction to bonus
When trading with XM, XM points (XMP) will be accumulated.
There are four stages of XMP to receive, depending on the trading period of the trader, and can be exchanged for a trading bonus.