Fake XM Spreads, leverage, minimum deposit Revealed

　　General Information & Regulation

　　XMTrading is an overseas Forex trader that provides services with maximum leverage of 888 times. XM Trading, one of the XM Group, is an NDD-type Forex broker operated by Tradexfin Limited in Schechel. XMTrading is not subject to any regulation.

　　Markets Instruments

　　XMTrading advertises that it can offer a wide range of financial products, including currency pairs, indices, commodities, as well as precious metals.

　　Minimum Deposit

　　The entry level at XMTrading is set at $5. We consider this to be fine. However, traders are still not advised to register real trading accounts here given the fact that FXMC is an unregulated broker.

　　Leverage

　　The maximum leverage at XMTrading is 1:888, which is considered high. High leverage can lead to massive losses, especially if you have little experience in the market.

　　Spreads & Commissions

　　XMTrading offers the average spread on the EURUSD is 1.7 pips. These levels is not that competitive in todays environment.

　　Trading Platform Available

　　When it comes to trading platform available, what XMTrading offers is not the widely used and industry recognized MT4 OR MT5 trading platform. And, XMTrading does not make this part clear.

　　Deposit& Withdrawal

　　The payment options at XMTrading cover a lot of ground. They feature Credit Cards, Skrill, Nereller, China Union Pay and CashU. At this point only the cryptocurrency purists are not accepted.