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/