Broker Comparison – XM

 

XM

 

                              A. FUNDS SAFETY 3.54
A.1 Regulation FSC (BVI) = 0 rating | CYSEC (Cyprus) = 0 rating | FFMS (RU) = 2 rating | RAFMM (RU) = 2 rating | CBI (IR) = 3 rating | ASIC (AU) = 4 rating | FSC (NZ) = 3 rating | FSA (UK) = 5 rating | BAFIN (GE) = 5 rating | NFA (US) = 5 rating | CFTC (US) = 5 rating 3 CYSEC/ASIC/FSA
A.2 Headquarters Offshore Countries = 0 | Cyprus and similar = 1 rating | EU area = 3 rating | Australia and similar = 4 rating | USA, Germany, UK, Switzerland and similar = 5 rating 1 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
A.3 Years of Operation 0-1 Years Operation = 0 rating | 2-5 Years Operation = 2.0 rating | 5-10 Years Operation = 4 rating | 10+ Years Operation = 5rating 4 Founded since 2009
A.4 Client Bank Account Segregation Yes Provided =  5 rating | No it isn’t Provided = 0 rating 5 YES. Clients’ funds get transferred to the Company’s segregated client bank account. These funds are off balance sheet and cannot be used to pay creditors in the unlikely event of Company insolvency.
A.5 Web Ratings (Used for differentiating rating results) ForexPeaceArmy Rating 3.217
A. 6 Fine from Regulator No = 5 rating | Yes = 0 rating 5 Most of them are just complaints from traders, but no fine or any act of unlawlessness from the regulators.
                              B. TRANSACTION COST 3.00
B.1  EURUSD Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 3  1.7
B.2  GBPUSD Spread < 1.5 pip = 5 rating | <2 pip = 4 rating | < 2.5 pip = 3 rating | <3 pip = 2 rating | <3.5 pip = 1 rating 3  2.3
B.3 USDJPY Spread < 1 pip = 5 rating | <1.5 pip = 4 rating | < 2 pip = 3 rating | <2.5 pip = 2 rating | <3 pip = 1 rating 3  1.8
B.4 Gold spread < 3 pip = 5 rating | <3.5 pip = 4 rating | < 4 pip = 3 rating | <4.5 pip = 2 rating | <5 pip = 1 rating 1  5
B.5 Funding Commissions No Funding Fees = 2.5 rating | Yes = 0 rating  | No Withdrawal fee = 2.5 rating | Yes = 0 rating 5 All fees are covered by XM
                                C. Executin 1.25
C.1 Execution ECN / DMA / STP Execution = 5 rating  | Dealing Desk Execution = 0 rating 0 Dealing Desk Execution
C.2 Slippage on Execution Slippage  < 0.5 pip =  4 rating | < 0.75 pip =  3.5 rating | < 1 pip = 3 rating | < 1.25 pip =  2.5 rating | < 1.5 pip = 2.0 rating | < 1.75 pip =  1.5 rating | < 2.0 pip = 1.0 rating 2.5 <1.5 pips
                               D. WITHDRAWAL 4.00
D.1 withdrawal speed < 1 business day = 5 rating | <2 business day = 4 rating | < 3 business day = 3 rating | <4 business day = 2 rating | <5 business day = 1 rating 5 within 1 day
D. 2 withdrawal issue no issue in the online = 5 rating  | 1~5 complains = 2 rating  | 5 above = 0 rating 2 1~5 complaints
D. 3 company withdrawal card Yes= 5 rating | No=0 rating 5 Yes
                               E. Customer Service 4.33
E.1 local language CS or sales Yes= 5 rating | No=0 rating 5 Yes
E.2 Chat available Yes= 5 rating | No=0 rating 5 Yes
E.3 Avalable hour 24/7 Customer Support = 5 rating | 24/6 Customer Support = 4 rating | 24/5 Customer Support = 3 rating  | other = 1 rating 3 24/5 Customer Support
Total Average Rate 3.22

 

Scoring Criteria: http://blog.land-fx.com/en/scoring/