A Review of XEMarkets
XEMarkets is the trading name of Trading Point of Financial Instruments Ltd. It is an STP (i.e. Straight Through Processing) broker that provides online trading in the global financial markets using a direct market access model, allowing traders to receive quotes and send orders directly from and to the liquidity providers directly without the interference of a dealing desk. Established in 2009, and headquartered in Limassol, Cyprus, XEMarkets is licensed and regulated by CySEC in Cyprus, in the UK by FSA, authorized in Germany by BaFin, in Spain by CNMV, in the Netherlands by AFM, in Sweden by FI, in Finland by FIN, and its operations are fully compliant with MiFID.
The asset index available for trading on XEMarkets depends on whether it is a micro account or a standard. A summary of assets traded on XEMarkets is given below:
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The platforms currently available on XEMarkets are listed below:
XEM MT4: This platform meets the needs of both the beginner trader and the professional trader. It enables traders to trade forex, futures, and CFDs, and also allows them to analyze the market through a technical analysis package and live streaming market news. It is fully customizable, and can allow expert advisors to be set up. It is a Windows-based trading platform that operates on Windows versions 98 or higher.
XEM MAC MT4: This is the MT4 trading platform that is built to operate on only Apple computers. It features all the robust functionalities that are available on its Windows couterpart, it is downloadable, and deploys on Mac SO X 10.x and above.
XEM WEBTRADER 4: This is the fully web-based trading platform that requires no downloads or installations. Traders can access their accounts by simply pointing their web browsers to the XEM WEBTRADER URL. It can be accessed through any computer system whether it is a PC, or a Mac. It features an enhanced visual representation of trading instruments, it offers security through full data protection, it works with an unlimited number of charts, supports different time frames, and works with a great number of financial instruments.
XEM IPHONE TRADER: This is the platform that is built for iPhone users. It is fully compatible with MT4, and is available on App store. It enables users to manage and monitor open positions, exposure and equity, monitor online news, open or close instant and market orders, guarantees trading security, among others.
XEM IPAD TRADER: This is the platform that is built for users of iPad. It allows users to quickly access and manage their trading accounts on the go from the iPad device. It features all the functionalities of MT 4 for mobile, and it is available for download from App store.
XEM DROID TRADER: This platform benefits users of all Android-powered smartphones and tablets. It offers real-time interactive charts, 30 technical indicators, monitors live prices on forex, CFDs, and metal, allows traders to place, modify, and delete pending orders and, generates activity reports among others. It is available for download from App store.
XEM MOBILE TRADER: This is the platform that is built for Windows Mobile users. It provides a user-friendly interface with enhanced features for trading on the go. It allows instant access to the financial market, it shows real-time price quotes on forex, CFDs, metals, and energies, it allows users to open and close instant and market orders among others.
XEMarkets also offers the XEM MIRROR TRADER for social trading, the XEM MAM TRADER best suited for the needs of fund or portfolio managers, and multiple account holders. XEMarkets also offers access to the ZULUTRADE platform.
Deposits and Withdrawals
Deposits and Withdrawals can be made on XEMarkets through:
a) Credit Cards
d) Liberty Reserve
f) E-payment methods such as Sofort, iDeal
g) Bank Wire Transfer
h) Local Bank Transfer
i) Western Union
The minimum deposit amount 5 USD, which is available for the micro accounts.
There is no maximum deposit limit.
Minimum Trade Size/Amount
The minimum lot size 1,000 USD for a micro account, 100,000 USD for a standard account, and 100,000 USD for an executive account.
Maximum Trade Size/Amount
There is no maximum trade size
Minimum Withdrawal Limit
The minimum withdrawal amount allowed is 5 USD for all currencies (except for JPY which is 500 JPY), and 200 USD for Bank Wire Transfers.
Maximum Withdrawal Limit
There is no maximum withdrawal limit.
Conditions for Deposit and Withdrawals
The condition for deposit is that payment must be made from an account that has the same name as the account name on XEMarkets. Withdrawals will only be available for clients who have uploaded the relevant identification documents and have verified their accounts. Withdrawals will only be made to the same digital currency account from which an initial deposit was made.
XEMarkets’ support desk can be reached through the following means:
a) Telephone: +357 25029933
b) Email: firstname.lastname@example.org
Customer support is available 24/5.