This is a blog like a memo that summarizes only part of the information that I usually check forex companies in Japan and overseas.
This time is about the forex broker name is 'XM Trading'.
Introduction
The XM Trading is a world-famous forex company that you can say that there is no one who does Forex and does not know it.
It is possible to make bold trades with high leverage that is typical of Forex companies, and it has a long history of support system including abundant bonuses and Japanese, and is highly evaluated and popular worldwide.
Personally, the XM homepage is very easy to see and the details are explained carefully, so I think that it is an easy-to-use, especially for beginners who are starting the forex trading from now on.
In addition, I have never had any trouble with deposit and withdrawal (*I have never heard of it around me), and I can trust that it is also speedy.
Although there are no major weaknesses, if I'm forced to say, the spread (*commission) is slightly larger than the industry's narrowest class Forex companies, so there is a disadvantage for who trades in short-term trading.
Home Page
Trading Tools
MT4・MT5
*PC, Mac, WebTrader, iPhone, iPad, Android, Android tublet
Account Types
Micro, Standard, Zero
Instruments
Forex Trading, Commodities, Equity Indices, Precious Metals, Energies
Currency pairs
57 currency pairs - majors, crosses and exotics
Max leverage
Leverage up to 888:1
Zero cut system
Included
*In order for customers to trade with peace of mind, even if the margin balance becomes negative, no margin will be issued.
Supports
Live chat, mail, FAQ
Demo Trading
Available
Deposits and Withdrawals
-Deposits
Credit/Debit Card, bitwallet, STICPAY, BXONE, bank wire transfer, local bank transfer
-Withdrawals
If you deposited by bank transfer, you can withdraw by only bank transfer.
If you deposited not by bank transfer, since XM can only transfer the same amount back to your card as the amount you have deposited, profits can be transferred to your bank account via wire transfer.
Bonus
2 types(Trading Bonus、Deposit Bonus).
-Trading Bonus
The ¥3000 Trading Bonus allows traders to test the quality of our execution in a real trading environment with no investment risk. When you claim your bonus, the amount will be credited to your account instantly to be used for trading. Any profits generated can be withdrawn at any point in time, however, any withdrawal of funds will result in the proportional removal of your trading bonus.
-Deposit Bonus
The deposit bonus is a two-tier bonus offering 100% up to $500 and 20% up to a maximum combined bonus amount of $5,000, or currency equivalent.
Any profits generated can be withdrawn at any point in time, however, any withdrawal of funds will result in the proportional removal of your trading bonus.
Average Spread(*USDJPY)
Standard: 1.6pips
Micro: 1.5pips
Zero: 0.1pips
Commission
Standard: none
Micro: none
Zero: 10USD/lot (Order5USD, Close5USD)
*The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).
Loss Cut Level
Current Margin Percentage 20% or less
*The loss cut level is the current margin percentage which Forex company forcely closes the all orders.
Stop level (*USDJPY)
4.0pips
*“Stop Level” is the minimum parameter where traders can set pending orders like “Take Profit” and “Stop Loss” from.
Refer a friend program
Available
License
The Seychelles Financial Services Authority (FSA) under Securities Dealer’s License number SD010
Company
Company name: Tradexfin Limited
*XM Trading is the service name.
Country: Republic of Seychelles