XE Markets Forex Broker
| Company | Trading Point of Financial Instruments Ltd. |
|---|---|
| Established in | 2008 |
| Online since | 2009 |
| International Offices | Cyprus |
| Payment Methods | Credit/debit cards, Liberty Reserve, Moneybookers, Neteller, WebMoney, Wire transfer |
| Demo Accounts & Platforms | MetaTrader 4, MT4 Mobile (XOGEE) |
| Account currencies | Australian dollar, Euro, Great Britain pound, Japanese yen, Swiss franc, United States dollar |
| Regulated & Registered by | CySEC, FSA |
| Are US Traders allowed? | No |
| Bonus? (detailed) | |
| Languages in which website is available? | Arabic, Chinese, Czech, Dutch, English, French,German, Greek, Hungarian, Indonesian, Italian, Japanese, Malay, Polish, Portuguese, Russian, Spanish, Swedish |
| Languages in which Support is available? | Arabic, Chinese, Czech, Dutch, English, French,German, Greek, Hungarian, Indonesian, Italian, Japanese, Malay, Polish, Portuguese, Russian, Spanish, Swedish |
| Different Support methods? | Callback, Email, Live chat, Phone, Skype |
| Types of Account (micro standard executive islamic) | Micro, Standard, Executive, Islamic |
| Minimum deposit in accounts | $5 |
| Minimum position size | 0.01 lot |
| Type of Spread? | Variable |
| Minimum spread on EUR/USD, pips | |
| Is Scalping Allowed? | Allowed |
| Types of Trading Instruments (GOLD; CFD, etc. and the leverage) | Forex- 1:888, Gold & Silver- 1:100, CFD-1:100, Oil- 1:100 |
| Real Trading platforms | MetaTrader 4, MT4 Web Trader (XOGEE), MT4 Mobile (XOGEE) |
| Digits after the dot in quotes | 5 |
| Margin call level | 50% |
| Stop-out level | 5% |
| Total Number of currency pairs | 54 |
| Any Bonus offers | Yes |
| Affiliate program Available? | Yes |
| Facility of Overnight interest rates (swaps) | Yes |
| Do they have Trailing stop? | Yes |
| Do they have Pending orders? | Yes |
| Mobile trading allowed? | Yes |
| Browser-based platform present? | Yes |
XE Markets in registered in the forex market as Trading Point of Financial Instruments Ltd. And was founded in the year 2008 and has been into online trading system which is based on internet in the year 2009. They have their office in Cyprus and are well regulated by CySec in Cyprus and by FSA in United Kingdom. It has many features which makes it desirable to many traders and it includes providing interest rate on funds, various bonus offers which is an addition to the trader’s fund, trading contests are conducted time to time to keep the interest of the customers and engage them in activities other than trading. Tutorials, webinars and educational videos on forex market and trading are provided to the clients for free of cost. They also have the facility of putting the trade order using a telephone. Segregated accounts give assurance to the trader that their fund and company’s fund is kept separate. MAM accounts, managed accounts and Islamic accounts are also provided to the traders.
The demo account has Meta Trader 4 and MT4 Mobile as the trading platform whereas the real trading account also has MT4 Web Trader which gives the trader the liberty to start off trade without downloading any software. They offer 4 types of trading account and the minimum deposit to open an account with them is only $5 and the minimum trade size is 0.01 lots. The use of scalping and Expert Advisor is allowed to the traders. The website and the customer support service are multilingual and are available in 17 languages. The customer support service is excellent and can be reached using callback, live chat, email, phone and Skype. The spread on the trade is variable and hence the traders will not know the cost of the trade that he places.
The reviews for the XE Markets forex broker are very positive and traders looking for a good broker can stop their search here. The company is licensed and hence a reliability factor is attached to it and hence liked by many. The leverage on forex trading is 1:888 which in the market is among the highest. They allow trading in CFD, Oil, Gold & silver but at a leverage of 1:100 only. Their website and customer support service is liked by many for being multilingual. Many have written that the customer support service is excellent and is known for it being quick and very responsive. The payment options are many and it makes deposit as well as withdrawal an easy process. They allow trading in 54 currency pairs which include all the major pairs and a few exotic pair as well. A few cons mentioned in the review is that they do not allow traders from United States to trade from their account and secondly some have written that the welcome bonus of $25 is under certain terms and conditions. Other than these the reviews are mostly positive and the average rating given to the company is 5.7 out of 10.