XEMarkets

Added on July 11, 2013 07:50 AM
(4.8 / 5)
Spread: 1.8 Min. lot: 0.0001 Execution:
Leverage: 1:888 Country: Cyprus Regulated by: CySEC, BaFin, FSA
Min. deposit: $5 Platforms: MetaTrader, MirrorTrader Payment methods: Credit/debit cards, Moneybookers, MoneyGram, WebMoney

XEMarkets was established in 2009 as a trading point of financial instruments Ltd, which is a financial service provider in global financial markets.  Headquartered in Cyprus, XEMarkets provides traders access to more than 100 trading instruments including Forex, indices, energies, precious metals and equity.  The main advantages of working with XEMarkets are flexible leverage, real-time pricing and lowest spreads.

Working with XEMarkets is of great benefit to traders because of its location in Cyprus, which is a member country of Eurozone. Being in Eurozone, XEMarkets complies with all fiduciary standards that are required for any financial service provider.  It is registered with Federal financial supervisory regulated Federal Financial Supervisory Authority of Germany (BaFin) and UK’s Financial Services Authority (FSA).

Regulations

XEMarkets is a heavily regulated broker. This heavy regulation is a symbol of its reliability and authenticity. Following is the list of its regulations.

  • Licensed and regulated by CySEC (Cyprus Securities and Exchange Commission) under license number 120/10;
  • In compliance with MiFID (Markets in Financial Instruments Directive), registered under license number HE 251334;
  • Operation according to the Cypriot Investment Services and Activities and Regulated Markets Law of 2007 (Law 144(I)/2007);
  • Registered with FSA (Financial Services Authority), UK, under reference number 538324;
  • Full EU-authorization CNMV (Comisión Nacional del Mercado de Valores), Spain, under registration number 2010157773; AFM (Autoriteit Financiële Markten), Netherlands; FI (Finansinspektionen), Sweden; FIN (Finanssivalvonta Finansinspektionen), Finland.

Trading Platform

XEMarkets offers multiple trading platforms to suit the trading style and preference of all types of traders.

  • XEM MetaTrader 4

The MetaTrader is the most preferred trading platform known in the financial world. That’s why XEMarkets also makes it available to their customers. On MT4, traders can opt either to trade manually or do automated trading. It features various charting tools and more than 50 indicators for technical analysis.  The system features internal mailing and ensures complete data back-up and security. XEMarkets also offer Mac specific version of MT4 for use on Mac.

  • XEM WebTrader

This is the web based trading platform that saves users from the hassle of software download and installation. It gives users freedom of trading anytime via any browser on any internet enabled device. Some of its salient features include live streaming news, market analysis, economic calendar and quick one-click trading.

  • XEM MobileTrader

XEMarkets offers this trading platform especially for use on mobile devices. It allows traders to trade while they are on the go. Traders can download it from Google Play Store or Apple app store for use on android device, iPhone or iPad.

  • XEM Mirror Trader

The mirror trading platform is especially useful for the new traders. It gives them opportunity to follow successful trades of the experienced traders. They can just copy the signals from experienced traders and execute trade. It also builds trading skills of traders by allowing them to analysis and assesses performance of their adopted strategies.

  • XEM MAM Trader

XEMarkets offers MAM trading platform for those traders who want to have more than one account. MAM trading platform provides traders all the necessary tools required for managing multiple accounts.

  • XEM ZuluTrade

Zulutrade is a social platform where traders from all over the world get opportunity to interact with each other. Traders can connect their XEMarket account with ZuluTrade and activate their ZuluTrade account. ZuluTrade offers high potential for profit as it allows auto-trading based on signals from experienced traders. It provides many options to hedge risk. perfectly compatible with MT4, it allows trading 24 hours a day.

Account Types

Traders can open any of the following types of accounts with XEMarkets.

 

 

MICRO

 

STANDARD

 

EXECUTIVE

 

Base Currency Options

 

USD, EUR, GBP, JPY, CHF, AUD

 

USD, EUR, GBP, JPY, CHF, AUD

 

USD, EUR, GBP, JPY, CHF, AUD

 

 Lot size

 

1000

 

100000

 

100000

 

Initial deposit*

 

$5 – $20000   $20001 – $100000

 

$5 – $20000   $20001 – $100000

 

$100000 +

 

Leverage

 

1:1 to 1:888     1:1 to 1:200

 

1:1 to 1:888     1:1 to 1:200

 

1:1 to 1:100

 

Spread on all majors

 

As low as 1 pip

 

As low as 1 pip

 

As low as 1 pip

 

Commission

 

No

 

No

 

No

 

Lot restriction per ticket

 

100 lots

 

50 lots

 

50 lots

 

Hedging allowed

 

Yes

 

Yes

 

Yes

 

Islamic Account

 

Optional

 

Optional

 

Optional


XEMarkets also allows traders to open a free demo account for practicing trading strategies without any risk of losing money.

Learn Forex

“Learn Forex” is one of the most useful features we find on the website of the XEMarkets. It features rich educational sources to learn Forex.  The section contains all the information about the Forex market in form of webinars, video tutorials, and seminars.

  • Video Tutorials
  • Tutorials for Beginner and Experienced Traders
  • Guide on how to open a trading account
  • Stepwise guide on how to use trading platform
  • Webinars
  • Completely free
  • New topics every week
  • 45 minute tutorial
  • 15 minute Q&A session
  • Seminars
  • To identify changes in the market volatility

Moreover, the XEM markets is also planning to offer a complete course on Forex. The course will be quite comprehensive covering every topic from basics of Forex  to more advanced topics such as fundamental analysis and technical analysis.

Assets Lists

XEMarket allows trading of following assets.

  • Forex – 53 currency pairs
  • Precious Metals – gold and silver
  • Energies – oil
  • Equity indices
  • CFD’s

Customer Support

XEMarkets offer high level of customer support.  Traders can contact customer support department via phone, email and live chat. The multi-lingual customer support is available 24/5. Traders can refer to website for email IDs and telephone numbers. There is a comprehensive FAQs section that contains answers to the common queries of traders. Traders can also join XEMarkets on Facebook and twitter and stay updated with XEMarkets latest news and events.

The website of XEMarkets is information rich with user-friendly layout and strategic navigation. The website is accessible in about 17 languages allowing traders from all over the world to benefit from it.

Conclusion

To summarize, XEMarkets is a perfect broker both for new and experienced traders. It differentiates itself from other brokers on the base of “No Requote” policy which is the main problem faced by traders with other brokers. Its rebranding is the symbol of its adaptation to the changing market dynamics. Along with trading efficiency and reliability, it offers easy fund withdrawal through UnionPay, Credit Cards, iDEAL, Liberty Reserve, Moneybookers Skrill, Neteller, SOFORT, WebMoney and Wire Transfer.


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