XM Review | Reputation and Safety

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"XMTrading" has a large number of trader users, and its popularity is due to the following characteristics.

Pros

  • Leverage up to 888 times, required margin from about 1 yen
  • Adoption of highly transparent NDD method and high execution rate
  • Receive 100% deposit bonus and expensive cash back
  • Support, seminars and information services
  • Offers good support for beginners
  • Corporate safety is very high
  • Adopts zero cut system

Cons

  • Higher transaction costs
  • There are few swaps

If you are going to start Forex, I would recommend XM anyway . It is a popular contractor with high safety and reliability.

XM's official site is here

XM Safety

Financial license acquired by the Seychelles Financial Agency

Operating company
(location)
Trading Point Seychelles Ltd
(Seychelles)
Representative unknown
Financial license Seychelles Financial Agency
Established Year 2009
Capital unknown

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.

 

XM Reviews

Next, let's look at some of the word of mouth and reputation for XM.

Word of mouth/ Reputation

Among the troubled traders and bad reputation traders, they may be written by “frauded traders who failed”, “lossy traders”, “traders who want to clear up the mess”, “the traders who are willing to keep the rules” so please keep that in mind.

Evaluation is fair with FPA

"FPA (Forex Peace Army)" is a bulletin board only is. The rates, posted content, and “SCAM” certification of the watched vendor are not guaranteed at all.

The rating on the largest Forex bulletin board "FPA (Forex Peace Army)" is "star 35", and it is a fair rating.

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."

 

Features, Pros and Cons of XM

Micro Standard Zero
Transaction cost Account Creation
Maintenance Fee
Free*
Transaction fee Free One way $5
(Per 100,000 currency)
Spread Variable system
Terms and conditions Transaction form NDD STP method NDD ECN method
Leverage Up to 888 times Up to 500 times
Currency pair 57 stocks
Minimum transaction unit MT4: 10 currencies(0.01Lot)
MT5: 100 currencies(0.1Lot)
1,000 currencies (0.01Lot)
Maximum trading volume
(Per order)
100,000 currency (100Lot) 5 million currency (50Lot)
Order process One click, market, limit, stop
IFD・OCO、IFO
Double house
Trading tool Computer MT4、MT5 (Windows・Mac)
Smartphone MT4、MT5 (iOS・Android)
Money management Margin call 50%
Loss cut 20%
Zero cut
Deposits and withdrawals Deposit fee Free
Withdrawal fee
Asset protection Separation management
Trust maintenance
(Adopted AIG insurance)
Support Call center
Email
Live chat
Others
Demo account

*A dormant account without transaction for 90 consecutive days will incur a fee of $5 a month or an account with a balance of less than $5 will be deducted as a fee for the entire balance. There is no fee if the account balance is zero.

 

Necessary margin from 1 yen! 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 way.

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 account of XM 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.

見出し(全角15文字)

  •  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.

Account opening procedure

①Start at the top of the official website.

 


Enter basic personal information in Roman characters.

 


③Trading platform type is "MT4, MT5", account type can be selected from "Micro, Standard, Zero".

 


Enter detailed personal information and nationality. Please enter your name in full-width kana characters and your address in Roman characters.

 


⑤Base currency is "Japanese yen · US dollar · euro",  and leverage can be selected from "1・2・3・5・10・15・20・25・50・66・100・200・300・400・500 times・888 times", and select "Yes" to receive the account bonus.

Zero account leverage is maximum 500 times.

 


Enter the investment history and net worth.

 


Set account password including lower case, upper case and numbers.

 

Agree to the terms of service and receiving marketing emails, etc. Then, click the "Open Account" button.

 


Click on the link of the email that arrives at the registered email address , and account opening process is complete.

 


Account ID will be sent by email. Click on the email link.

 


Enter account ID and password (To log into the member page, you can use the account ID and password).

 


Activate account and get transaction bonus 3,000 yen and click on "Activate account now" from the top of the member page.

 


Enter your own number and send it. If you do not know please click on "Inform later".

With XM, all customers are subject to leverage restrictions in Europe Is asking for a tax ID number.

 


Upload your identification and address verification documents. If there is a description item on the back side, upload the front side first and then upload the back side.

 

Payment method is general, but payment can be made by domestic remittance

Method of deposit and withdrawal Fee
Deposit Credit/ Debit card Free*
Bank transfer Domestic
Overseas
(Only foreign currency can be selected as account currency)
Virtual currency Bitcoin
WEB money mybitwallet
Withdrawal Credit/ Debit card
Bank transfer Overseas
Virtual currency Bitcoin
WEB money mybitwallet
i-Account

The minimum deposit is the equivalent of $100 for a Zero account. Other accounts are worth $5.

If the deposit amount for domestic bank transfer is less than 10,000 yen, The deposit service company will be deducted a fee of 1,500 yen for AsianCoin and 1,070 yen for Eprotection + 0.05% deposit amount.

The remittance fee for mybitwallet will be compensated by XM. The full amount will be reflected in the account. 

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.

+ Deposits and withdrawals using credit card

First of all, credit card payment uses shopping limit.

Depositing to XM with a credit card means "making a debt to the card company"and "the balance of the XM account will increase by the same amount".

After that, if the withdrawal is made by the closing date of the card company, the card company's debt will be treated as "cancelled"depending on the withdrawal amount.

In the case of “Payment amount < Outgoing amount”, there is no charges from the card company because the entire debt is “cancelled”.

Next, if the card company's closing date has passed after payment, a withdrawal will be executed once on the day the card company's designated withdrawal date.

After that, every time you withdraw the card company's shopping history will be "cancelled", so the card company will make a negative charge (refund) according to the amount of withdrawal.

In either case, the withdrawals above the credit card deposit amount will be transferred to the designated bank account as cash.

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". 

The payment procedure is as follows (the withdrawal procedure is almost the same).

Procedure of payment

Go from the member page top.

 

Select the deposit method. The items displayed on the deposit menu change depending on the account type and the presence or absence of activation. (Also with the withdrawal menu, the displayed item changes depending on the payment method.)

 

+ Card


Enter the deposit amount and press the "Deposit button". After that, please enter your card information as it will transition to the screen for entering credit card/ debit card information.

+ mybitwallet


Enter the account and deposit amount for mybitwallet Press. Then, log in to mybitwallet account from the bank website and proceed.

+ Bitcoin


Select Bitcoin wallet from BitPay or copay, etc. and enter the deposit amount. Please put a check in two places and press the "payment button".

+ Domestic transfer

Select a deposit service company from "AsianCoin" or "Eprotection".

Transfer the specified account using net banking etc. (The above is for AsianCoin)

If the deposit amount is less than 10,000 yen, AsianCoin will be 1,500 yen, Eprotection will be deducted the fee of 1,070 yen + payment amount 0.05%. Therefore, we do not recommend small-amount payment of 10,000 yen or less.

+ Overseas transfer

Overseas bank transfers differ by designated currency depending on the designated bank account (The above is for US dollars). Also, if you deposit more than US $200, all bank fees used by XM are free. For this reason, we do not recommend small deposits of up to $200.

 

Trading Terms and Rules of XM

Currency pairs are basic with 57 types

Cross Yen
AUD/JPY GBP/JPY
CAD/JPY NZD/JPY
CHF/JPY SGD/JPY
EUR/JPY USD/JPY
Cross currency
AUD/CAD EUR/NOK GBP/DKK USD/DKK
AUD/CHF EUR/NZD GBP/NOK USD/HKD
AUD/NZD EUR/PLN GBP/NZD USD/HUF
AUD/USD EUR/RUB GBP/SEK USD/MXN
CAD/CHF EUR/SEK GBP/SGD USD/NOK
CHF/SGD EUR/SGD GBP/USD USD/PLN
EUR/AUD EUR/TRY NZD/CAD USD/RUB
EUR/CAD EUR/USD NZD/CHF USD/SEK
EUR/CHF EUR/ZAR NZD/SGD USD/SGD
EUR/DKK GBP/AUD NZD/USD USD/TRY
EUR/GBP GBP/CAD USD/CAD USD/ZAR
EUR/HKD GBP/CHF USD/CHF
EUR/HUF USD/CNH *

+ currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, DKK: Danish Krone, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, HUF: Hungarian Forint, JPY: Japanese Yen, MXN: Mexican peso, NOK: Norwegian Krone, NZD: New Zealand Dollar, PLN: Polish zloty, RUB: Russian ruble, SEK: Swedish krona, SGD: Singapore dollar, TRY: Turkish lira, USD: US Dollar, ZAR: South African Rand

*The trading for USD/CNH for Zero account is no longer supported as of April 27, 2018. As of June 2018, there is no sign of this resuming.

There are 57 types of currency pairs, regardless of the type of account.

There is no handling such as "ZAR/ JPY"or "TRY/ JPY" which are popular among domestic traders, and the lineup can be said to be general among traders.

 

Total cost is considerably higher than other companies

Micro/ Standard accounts

Currency pair Average spread
(pips)
Currency pair Average spread
(pips)
AUD/JPY 3 GBP/JPY 3.5
CAD/JPY 3.4 NZD/JPY 5
CHF/JPY 3.4 SGD/JPY 20
EUR/JPY 2.6 USD/JPY 1.6

+ Cross currency

Currency pair Average spread
(pips)
Currency pair Average spread
(pips)
AUD/CAD 3 GBP/DKK 49
AUD/CHF 3.5 GBP/NOK 80
AUD/NZD 4.5 GBP/NZD 8
AUD/USD 1.8 GBP/SEK 90
CAD/CHF 3.7 GBP/SGD 20
CHF/SGD 25 GBP/USD 2.3
EUR/AUD 3.8 NZD/CAD 4.5
EUR/CAD 3.5 NZD/CHF 5
EUR/CHF 2.9 NZD/SGD 20
EUR/DKK 23 NZD/USD 3.3
EUR/GBP 2 USD/CAD 2.1
EUR/HKD 33 USD/CHF 2.4
EUR/HUF 30 USD/CNH 30
EUR/NOK 69.7 USD/DKK 30
EUR/NZD 6.7 USD/HKD 28
EUR/PLN 47 USD/HUF 25
EUR/RUB 420 USD/MXN 110
EUR/SEK 55 USD/NOK 55
EUR/SGD 16.3 USD/PLN 35
EUR/TRY 20 USD/RUB 420
EUR/USD 1.6 USD/SEK 49
EUR/ZAR 130 USD/SGD 20
GBP/AUD 3.9 USD/TRY 18
GBP/CAD 5.2 USD/ZAR 110
GBP/CHF 4

 

Zero account

Currency pair Average spread
(pips)
Currency pair Average spread
(pips)
AUD/JPY 0.6 GBP/JPY 0.9
CAD/JPY 1.1 NZD/JPY 1.2
CHF/JPY 1.5 SGD/JPY 5.7
EUR/JPY 0.6 USD/JPY 0.1

+ Cross currency

Currency pair Average spread
(pips)
Currency pair Average spread
(pips)
AUD/CAD 1.3 GBP/DKK 20
AUD/CHF 0.6 GBP/NOK 61
AUD/NZD 1.1 GBP/NZD 4
AUD/USD 0.4 GBP/SEK 47
CAD/CHF 1.4 GBP/SGD 13
CHF/SGD 2.8 GBP/USD 0.5
EUR/AUD 1 NZD/CAD 1.9
EUR/CAD 1.5 NZD/CHF 1.8
EUR/CHF 0.8 NZD/SGD 5
EUR/DKK 7 NZD/USD 0.8
EUR/GBP 0.8 USD/CAD 0.6
EUR/HKD 10 USD/CHF 0.5
EUR/HUF 18 USD/CNH
EUR/NOK 25 USD/DKK 7.9
EUR/NZD 2.2 USD/HKD 5
EUR/PLN 27 USD/HUF 14
EUR/RUB 280 USD/MXN 50
EUR/SEK 25 USD/NOK 28
EUR/SGD 9 USD/PLN 24
EUR/TRY 23 USD/RUB 290
EUR/USD 0.1 USD/SEK 24.9
EUR/ZAR 106 USD/SGD 6.5
GBP/AUD 2 USD/TRY 15
GBP/CAD 2.2 USD/ZAR 80
GBP/CHF 1.6

Zero account USD/ CNH omitted because it can not be traded now (as of June 2018).

+ currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, DKK: Danish Krone, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, HUF: Hungarian Forint, JPY: Japanese Yen, MXN: Mexican peso, NOK: Norwegian Krone, NZD: New Zealand Dollar, PLN: Polish zloty, RUB: Russian ruble, SEK: Swedish krona, SGD: Singapore dollar, TRY: Turkish lira, USD: US Dollar, ZAR: South African Rand

The above table is the average spread for each currency pair published in XM.

The spread on the micro standard account is wide and transaction fee free, the spread on the Zero account is fairly narrow, the transaction fee is $5 one way (one lot = 100,000 currency).

Let's compare actual spreads with other leading Forex vendors.

XM AXIORY titan FX iFOREX
Standard Zero Standard Nano Standard Blade
USD/JPY 1.7 0.1 1.3 0.3 1.1 0.3 0.9
EUR/JPY 2.5 0.6 1.4 0.4 1.3 0.6 1.3
GBP/JPY 3.0 0.4 1.8 0.8 2.0 1.0 2.5
EUR/USD 1.8 0.2 1.2 0.2 1.2 0.2 0.9

Spread as of June 4, 2018

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.

XM AXIORY titan FX iFOREX
Standard Zero Standard Nano Standard Blade
Transaction fee
(one way)
Free $5 Free $3 Free $3.50 Free
USD/JPY ¥170 ¥120 ¥130 ¥96 ¥110 ¥107 ¥90
EUR/JPY ¥250 ¥170 ¥140 ¥106 ¥130 ¥137 ¥130
GBP/JPY ¥300 ¥150 ¥180 ¥146 ¥200 ¥177 ¥250
EUR/USD ¥180 ¥130 ¥120 ¥86 ¥120 ¥97 ¥90

Transaction cost per 10,000 currency (spread cost + Round trip fee). The transaction fee is displayed as the amount per 100,000 currency (one way), and the yen conversion is calculated at 1 dollar 110 yen.

Thus, regardless of the type of account, XM is the one with the highest transaction cost except for GBP/ JPY.

 

There are few swap points and it is unsuitable for long-term trading

Currency pair Long
(yen)
Short
(yen)
1st USD/CHF 51 -114
2nd USD/CHF 34 -97
3rd USD/JPY 24 -95
4th NZD/CHF 24 -98
5th AUD/CHF 13 -85
6th NZD/JPY 12 -93
7th GBP/CHF 11 -89
8th CAD/CHF 11 -84
9th AUD/JPY 4 -147
10th USD/DKK 2 -144
11th USD/SEK -1 -72
12th CAD/JPY -7 -70
13th GBP/JPY -14 -47
14th USD/CAD -19 -124
15th USD/HUF -19 -27
16th NZD/USD -19 -51
17th NZD/CAD -21 -45
18th EUR/CHF -23 -25
19th AUD/USD -24 -50
20th AUD/CAD -25 -115
21st USD/HKD -25 -88
22nd SGD/JPY -37 -76
23rd NZD/SGD -38 -103
24th USD/NOK -39 -28
25th EUR/JPY -41 -16
26th USD/CNH -42 -34
27th AUD/NZD -53 -136
28th GBP/SEK -57 -131
29th GBP/DKK -59 -92
30th USD/SGD -64 -69
Currency pair Long
(yen)
Short
(yen)
1st EURTRY -629 362
2nd USD/TRY -458 227
3rd EUR/ZAR -365 141
4th USD/MXN -279 66
5th EUR/USD -116 49
6th USD/ZAR -229 44
7th EUR/NZD -145 32
8th EUR/AUD -136 27
9th EUR/RUB -472 16
10th GBP/USD -103 15
11th EUR/CAD -114 6
12th EUR/GBP -65 3
13th GBP/NZD -130 -5
14th GBP/AUD -118 -9
15th EUR/PLN -155 -9
16th USD/CNH -41 -16
17th CHF/SGD -135 -17
18th AUD/USD -23 -25
19th NZD/USD -19 -27
20th EUR/JPY -39 -28
21st CHF/JPY -64 -28
22nd EUR/SGD -144 -30
23rd GBP/CAD -95 -31
24th AUD/NZD -42 -34
25th EUR/NOK -122 -39
26th EUR/CHF -21 -45
27th USD/CAD -14 -47
28th EUR/HKD -118 -47
29th AUD/CAD -24 -50
30th NZD/CAD -19 -51

+ currency symbol

AUD: Australian Dollar, CAD: Canadian Dollar, CHF: Swiss Franc, CNH: Offshore Renminbi, DKK: Danish Krone, EUR: Euro, GBP: British Pound, HKD: Hong Kong Dollar, HUF: Hungarian Forint, JPY: Japanese Yen, MXN: Mexican peso, NOK: Norwegian Krone, NZD: New Zealand Dollar, PLN: Polish zloty, RUB: Russian ruble, SEK: Swedish krona, SGD: Singapore dollar, TRY: Turkish lira, USD: US Dollar, ZAR: South African Rand

As of June 12, 2018, per 10,000 currency Swap (Yen). Foreign currency denominations are converted into yen based on the prevailing rate delivered by Thomson Reuters on the same day. Note that this is different from the actual swap granted.

Swaps are also quite disadvantageous compared to other companies.

XM is not suitable for swap-targeted long-term trades because the amount is small and there are many negative swaps.

 

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

Trading tool Type Supported models・OS
MT4 Download type Windows・Mac
Browser type General purpose
Apps iOS・Android device
MT5 Download type Windows・Mac
Browser type General purpose
Apps iOS・Android device

 

There are two types of trading tools: "MT4" and "MT5"

The main features of MT4 and MT5 are as follows.

MT4・MT5の特徴

  • 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, Meta Trader4 · Meta Trader5 (hereinafter, MT4 · MT5) 2 different versions of, is available on a PC, smartphone.

For those using a Mac

MT4 · MT5 is a Windows-only software but, since it is possible to download the Mac-only installer in XM, will be available as a Mac app.

MT5 has been developed as a successor to MT4 and its functions have been expanded.

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.

How to use and functions will be omitted for more information because the companies almost the same, here's take a look at the differences between the two.

 

Comparison of specifications for "MT4" and "MT5"

MT4

+ Time

1 minute 4 hour
5 minutes Daily
15 minutes Weekly
30 minutes Monthly
1 hour
Candlestick
Bar
Line

+ Technical

Trend
Average Directional Movement Index Moving Average
Bollinger Bands Parabolic SAR
Envelopes Standard Deviation
Ichimoku Kinko Hyo
Oscillator
Average True Range Momentum
Bears Power Moving Average of Oscillator
Bulls Power Relative Strength Index
Commodity Channel Index Relative Vigor Index
DeMarker Stochastic Oscillator
Force Index Williams' Percent Range
MACD
Volumes
Accumulation/Distribution On Balance Volume
Money Flow Index Volumes
Bill Williams
Accelerator Oscillator Fractals
Alligator Gator Oscillator
Awesome Oscillator Market Facilitation Index
Custom
Accelerator Custom Moving Average
Accumulation SimplePanel
Alligator Heiken Ashi
ATR Ichimoku
Awesome iExposure
Bands MACD
Bears Momentum
Bulls OsMA
CCI
Drawing tool
Vertical Line Rectangle
Horizontal Line Triangle
Trendline Ellipse
Trend by Angle Thumbs Up
Fibonacci Thumbs Down
Linear Regression Arrow Up
Equidstant Arrow Down
Standard Deviation Stop Sign
Gann Line Check Sign
Gann Fan Left Price Label
Gann Grid Right Price Label
Fibonacci Retracement Andrews Pitchfork
Fibonacci Time Zones Cycle Lines
Fibonacci Fan Text
Fibonacci Arcs Text Labl
Fibonacci Expansion

MT5

+ Time

1 minute 1 hour
2 minutes 2 hours
3 minutes 3 hours
4 minutes 4 hours
5 minutes 6 hours
6 minutes 8 hours
10 minutes 12 hours
12 minutes Daily
15 minutes Weekly
20 minutes Monthly
30 minutes
Candlestick
Bar
Line

+ Technical

Trend
Adaptive Moving Average Ichimoku Kinko Hyo
Average Directional Movement Index Moving Average
Average Directional Movement Index wilder Parabolic SAR
Bollinger Bands Standard Deviation
Double Exponential Moving Average Triple Exponential Moving Average
Envelopes Variable Index Dynamic Average
Fractal Adaptive Moving Average
Oscillator
Average True Range Momentum
Bears Power Moving Average of Oscillator
Bulls Power Relative Strength Index
Chaikin Oscillator Relative Vigor Index
Commodity Channel Index Stochastic Oscillator
DeMarker Triple Exponential Average
Force Index Williams' Percent Range
MACD
Volumes
Accumulation/Distribution On Balance Volume
Money Flow Index Volumes
Bill Williams
Accelerator Oscillator Fractals
Alligator Gator Oscillator
Awesome Oscillator Market Facilitation Index
Custom
Accelerator Custom Moving Average
AD DEMA
ADX DeMarker
ADXW DPO
Alligator Envelopes
AMA Force Index
ASI Fractals
ATR FrAMA
Awesome Oscillator Gator
BB Gator 2
Bears Heiken Ashi
Bulls Ichimoku
BW-Zone Trade MACD
FlameChart MarketFacilitationIndex
CCI MFI
CHO MI
CHV Momentum
ColorBars OBV
ColorCandlesDaily OsMA
ColorLine
Drawing tool
Vertical Line Triangle
Horizontal Line Ellipse
Trendline Thumbs Up
Trend by Angle Thumbs Down
Cycle Lines Arrow Up
Arrowed Line Arrow Down
Equidistant Channel Stop Sign
StdDev Channel check Sign
Regression Channel Left Price Label
Andrews Pitchfork Right Price Label
Gann Line Buy Sign
Gann Fan Sell Sign
Gann Grid Arrow
Fibonacci Retracement Text
Fibonacci Time Zones Label
Fibonacci Fan Button
Fibonacci Arcs Chart
Fibonacci Channel Bitmap
Fibonacci Expansion Bitmap Label
Elliott Motive Wave Event
elliott Corrective Wave Rectangle Label
Rectangle
  • MT4: 9 types of times, 3 types of chart , 47 types of technical, 31 types of drawing tools
  • MT5: 21 types of times, 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.

MT4

MT5

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.

MT4

 MT5

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

Support email and live chat are high quality

Available Business hours
Email
Live chat Weekdays 9:00〜21:00
Others

 

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 only for international calls.

 

XM Information Service

Great for beginners! 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 archived videos.

 

Ample video manuals available

Video manuals for trading tools are also provided.

The points that many beginners would 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.

Signal is updated twice a day, it is possible to automate the entry-profit-loss cut.

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

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.

Things to consider when using bonus

The transaction bonus itself can only be used for trading in XM and can not be withdrawn. If you move cash between accounts, the transaction bonus will move according to the ratio, but if the receiving account is a Zero account, all transaction bonuses will be lost. Also, please note that it will consume the bonus when withdrawing cash from the account.

 

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

On Account opening page on Member's page click "Claim Bonus Now ".

 

Please enter your mobile number.

 

A verification code will be sent to your registered e-mail address.

 

Please enter the verification code.

 

This completes the procedure. After a while, 3,000 yen will be reflected in the account balance. 

 

You will receive a bonus each time you deposit

Zero accounts are not eligible for deposit bonus.

The deposit bonus is a transaction bonus that is given in the next two stages depending on the deposit amount.

  • 100% bonus up to a total deposit of $500
  • 20% bonus up to a total deposit of $5,000

This means, if 50,000 yen deposited 50,000 yen bonus will be granted for 100,000 yen transactions, since combined both the deposit 500,000 yen up to about 190,000 yen transaction bonus is granted, It is possible to trade for about 690,000 yen.

 

We can convert  XM points to transaction bonuses

Zero accounts are not eligible for XMP. Also, Please note that XMP will not be granted unless you hold a position for 10 minutes or more in a micro standard account. Gold status is 30 days, Diamond status for 60 days, and for Elite status, if there is no transaction 100 days, XMP will reset.

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.

 

-Forex review

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