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Be wary of this broker

I can't add images to this review but people need to be wary of XM. I started with 200 Euros and had traded it to about 764 Euros. I withdrew 350 Euros on my wife's advice. I then started trading with the remaining 414 Euros and managed to trade that to about 660 Euros. So, my initial 200 Euros was now almost 790 Euros in profit (including the withdrawal). At this point, everything went to shit, and within a week i have been stopped out, losing the entire account. There is a good explanation for this: XM trade against their clients; i have so many screenshots and examples of this it is not funny. I have traded for thousands of hours with four separate brokers and XM appears to be a bucket shop like most of them; they WILL trade your account out when it is going 'too quickly into too much profit." Why do i say this? Because the 'high price' for GBPUSD today (11/07/2015) was about 1.5549. My account was stopped out starting at exactly 1.5535 and ending at 1.5547 (less than ten pips below the 'high' for the day. This happened because i was unwise and held a BUY position for GBPUSD for the week, and although it was a small position (24 lots but with 888:1 leverage and about 700 Euros to hold it, which should have been OK since the margin required was initially only about 50 Euros, less than 10% of the Equity in the account). You need to pay attention to this fact: the 'high' of the day FOR THE GBPUSD was exactly less than ten pips from the price at which XM began to stop out my trades. It is also EXACTLY the same time that i withdrew 50 Euros from the account, which automatically killed the Bonus (i always forget that XM's Bonus is a Trojan Horse as it is NOT cash at all), so my account Equity would then have been less than 100 Euros. This is because XM began selling against me at the beginning of the week, until i was stopped out. Although i worked very hard for 12 - 18 hours a day to stop them and hedged the ac unt to try and save it, I could not do so because XM staff or software either manually trade against their winning clients; or else their software is preconfigured (or updated during an 'automatic background update') to do so. WARNING: if you trade with XM and begin to make profits, be CERTAIN your account is automatically flagged to be killed off as a FIRST PRIORITY. If i could give ZERO or NEGATIVE STARS TO THE BASTARDS i would.

Sam 2015-07-10

This is one broker that doesn't separate or discriminate, especially in terms of bonuses: both new and existing customers are eligible for the broker's huge deposit bonus up to $5,000, irrespective of the account type. The only ones that can't take advantage of this offer are U.S. traders, as they are not allowed to sign up with the broker. 

 
But first things firs. XM is the new brand name, consolidating the former Trading Point and MegaTrader FX. Based on the sunny island of Cyprus, the broker offers great trading conditions and awesome bonuses.  
 
The platform offered by the broker is Metatrader 4 (MT4) in all forms and shapes: desktop, web, and mobile.
 
There are three account types that traders can choose between three account types – Micro, Standard and Executive. The minimum amount of money you can start with is $5 for Micro accounts – and this amount would be enough to start trading (XM' maximum leverage is 1:888, and micro lot trading is available). 
 
XM' two biggest advantages are its great execution and bonuses. 
 
According to data provided by the broker, 99.35% of the orders are filled in under a second – e.g. the execution is super-fast. 
 
XM.COM is a trading name and a registered trademark of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus).
 
Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 120/10, and registered with FCA (FSA, UK), under reference no. 538324. Trading Point of Financial Instruments Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID) of the European Union
 
Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
Cyprus, UK, Belize CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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