In this XMMarket Review, we are going to take a look at the offer that this broker prepared for its traders. XMMarket is regulated by the CySEC in Cyprus and by the ASIC in Australia. XMMarket operates on the financial market since 2015. When it comes to trading platforms, the broker features MetaTrader 4. The XMMarket minimum deposit is 5 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this XMMarket Review
| Website address: | xmmarket.net |
| Operated by: | Financial Instruments Pty Ltd |
| Licensed and authorised by regulatory bodies: | CySec ASIC IFSC |
| Supported languages: | English |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected] N/A |
| Available deposit methods: | Debit and Credit Cards, Neteller, Skrill |
| Available withdrawal methods: | Debit and Credit Cards, Neteller, Skrill |
| Minimum deposit: | 5 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,6 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (65) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: |  |
XMMarket Fees (typical spreads)
We have scanned fees (typical spreads) that XMMarket charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,6* | * | * | 2,1* | * |
*Typical spreads were recorded on 17.09.2020 at 10:13 for the standard account. XMMarket spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: KlimexCM, CDOMarkets, WealthWayInc and AugsMarkets
Frequently Asked Questions
🧐 Is XMMarket a Scam?
XMMarket is a broker licensed and regulated by the CySec, ASIC and IFSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that XMMarket is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the XMMarket minimum deposit?
In order to start trading with XMMarket, you have to deposit at least 5 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods XMMarket supports?
⚖️ Would you recommend me choosing XMMarket?
We don’t have our own personal experience with XMMarket. However, because the broker is regulated by the CySec, ASIC and IFSC, there is a high chance that it is not a scam. With that being said, it still does not mean that XMMarket is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
