trading experience and riview with XM - Singapore Forex Trading, Singapore Forex Academy, Singapore Forex Association

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trading experience and riview with XM

Regulation: CySEC, FSP, ASIC  
Accepts US Clients: No 
Min. Deposit: $5 
Leverage: 888:1 
Platforms: XM MT4 Terminal, XM Web Trader, XM iPhone Trader, XM iPad Trader, XM Droid Trader
I have been into forex since the RefcoFX days ...
Trading Platforms
Like its predecessor, Trading Point, XM also have a fabulous choice of trading platforms for their clients:
  • XM Metatrader 4
The Metatrader 4 Forex trading platform is one of the world’s most reliable and popular trading platforms. Hence, it is not surprising to see XM making this platform available to their clients. Packed with the tools of the trade, traders can set up the XM Metatrader 4 trading platform for either manual trading or automated trading with Expert Advisors (EAs).
  • XM Web Trader
The XM Web Trader provides traders to trade in the financial markets through the internet without having the need to have specialized software downloaded.
  • XM Account Types
There are three types of trading account with XM:
Micro Trading Account
This type of account is suited for those who want to adopt a low risk approach towards investing. This trading account needs an extremely low minimum initial deposit of just $5.
Standard Trading Account
The Standard Trading Account is more suited for the professional and more experienced traders. Although the benefits are the same as Micro Trading accounts, Traders with standard trading accounts can trade with larger contract size.
Executive Trading Account
Executive Trading Accounts are for those who want to take bigger risks for better gains. Coupled with the ability to trade in larger volumes, traders with Executive trading accounts have to make an initial minimum deposit of $100,000.
Other Types of Trading Account
Islamic Accounts
Recognizing that the Forex market is a global market, XM also make allowances for those traders who wish to trade in accordance with their religious belief. The Islamic trading allows traders to conduct trades based on Sharia principles.

Managed Accounts
Clients who don’t have the experiences or time to trade for themselves can also rely on the additional services provided by XM through the form of managed accounts. A professional account manager will help clients’ with their trades and also help to manage their funds for them.
Demo Accounts
With the Demo account provided by XM, traders can test out their trading strategies without having to risk real money. Each demo account is provided with $100,000 in virtual money so traders can try to simulate real trading conditions.
Commission & Spreads
Like most Forex brokers, XM do not charge any commission. Instead, they charge a spread on trades conducted through them. Depending on the instruments and account types, spreads start from as low as 1 pip. There is a choice of fixed spread or variable spread that traders can opt for. To provide their clients with the best possible spreads, XM also offer fractional pip pricing so prices can be quoted to the fifth digit instead of the normal four digit pricing.
Trading experience
 I know that few people knew about it ... Opened too many accounts at different brokers ... The list could be long but I remember the following
 RefcoFX, FXCM, FXDD, FXDD-Malta, InterBank, FXopen, FXSolutions, Alpari-UK, FX-Choice, InstaForex, HotForex, Exness, ... enough , but I'm sure that I forgot to name some other brokers that I already opened live account(s) with them. Anyway, As I'm a marketer for my own coded expert advisors and working as an IB, I always look in any broker in more details to give my clients the best service that I could give to build a strong mutual relationship with them. This is very important to give my business a further kick. So, looking for the honest broker is Essential and a Must as this reflects a good image on my business too. My own opinion, among all brokers that I already have had good experience with them, XM is no doubt is in the forefront of all the mentioned above list for many reasons ...
- Tight (almost fixed) spreads.
- Friendly customer service.
- Variety of account types (Standard and real micro with $1,000 lot size).
- Trading signals.
- FREE education for traders.
- Swap Free accounts
- No commission on trades.
- Lot rebate on your own account.
- Introducing broker (IB) ... I got 64 clients under my IB :)
- Fast servers, order executions, no re-quotes
- Fast deposit and withdrawals.
- Always there are Bonus offers.
- Seminars and meeting around the world.
- What else ... it's enough ... but the list is really longer than this.
 Well, I have 5+ brokers, When I bank wiring money to broker
accentforex  - Took 5 days ( 5 times)
IQ Option- Took 8 days ( Twice)
exness- Took 1 days ( Once)
octafx-Took 1 days ( Once)
Xemarket - Took 8 hours ( twice so far) very fast
I play very small cent lots size, so no ECN broker, Although XEmarket their spread is at the mid of this non-ECN broker,  When I run the same EA live side by side, it seems that it works the best with Xemarket with highest profits, not really sure why, it might be that They have fast " less than 1 sec" market price
 I am still very new with this broker, so far, I am happy with them
Trading experience with octafx
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IQ Option is an established binary options broker that specializes in offering services to Russian and European client
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