On-line since: About the company:
XEMarkets is a Cyprus based online forex broker licensed by the CySec and authorized by the FSA UK and the BaFin Germany. The broker complies with MiFID standards and is licensed to operate financial services worldwide. The holding company was founded in 2009 and currently maintains its headquarters in Cyprus from where it operates its services to global investors.
8/10
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Enjoying the experience of learning how to trade here. I believe I have got everything I need and that is why I am making good trades on the demo account. So yeah, can't wait to actually start making some actual money.
I think XEMarkets is one of the greatest forex brokers in the market that offers good services for beginner traders. Especially the registration procedure is so quick and so easy. They also offer 50 dollars free No deposit bonus and I found it’s great to trade live with. Moreover their minimum deposit is only 5 dollars. Go ahead if you want to start trading with a mini deposit.
The connection and execution is terrible, I have been stopped out of trades prematurely numerous times with no compensation offered by XE Markets. They are an untrustworthy broker. There is always a server disconnection during Asian trading session. I just noticed this last Monday, when I placed a pair it suddenly crashed until it got disconnection. Their server had many re-quotes during the trading time and placing order. Thus my trades were delayed in traffic time. Moreover, trading platform was not good and unstable. Sometimes, it was crashed and freezed.
I don't think it is worth trading at XEMarkets when you are only starting in your trading journey. The broker has very high fees and their platform is a little complicated. As it seems, the broker is suitable only for experienced and professional traders.
From a long time ago I have prepared a trading plan, but yesterday my trading plan did not go smoothly. Their connection was suddenly very slow, making me lose my chance to take profit. This has happened before, and I think they have improved. However, they didn't follow up. They don't care about their customer complaints. What they pay attention to is only deposits and commissions. In the near future, I will stop trading with this broker.
XE Market's platform is quite specific. So I would say it's a question of taste with this broker. Their system is quite clear and open, they don’t hide from you and don’t interfere with your trading process. They have an instant withdrawals. Fast execution.I really like them a lot.
Spreads are low, support is very professional in dealing with their clients. Do not charge commissions and no hidden charge. Deposit and withdraw methods are so easy. So far I’ve withdraw and deposit without any problem and they approve my withdrawal request fast enough. One of the important thing while trading is the spread that trader will see and XE Markets broker give the best spread ever I had which is from 0.5 pips for my favorite pair EUR/USD. Overall this broker is a reliable broker and regulated broker of course.
I joined XE Markets because I like their platform MetaTrading 4, and the new technologies with a VPS Host which is good because that way I don't experience disconnections . I deposited $670 and my first profit was $805 in the first week. I trade currency pairs USD/JPY and USD/CHF. I had two times positive slippage in amount of $340. When I had problems or questions the support was really polite and helpful.
I've been using XE Market for about six months. Account set up was straightforward. I opened a live account with $750 and then trade with this almost six months I made around $1400 profit because their option trading platform works perfectly. Over that time I made 4 withdraw through WebMoney and all the time my withdraw was takes one day to be processed. I don’t have any complain about their service.
I am satisfied in a Standard account with XEMarkets broker on the MT4platforms, As trade executed on-time ratio is 90%. Also, I can use some helpful tools, indicators and EA on the MT4 platform too. Overall my trading experience is good by earning $250 so far. I have withdrawn $100 profit through the Neteller account. Which was fast and easy. So I think XEMarkets broker maintaining the quality of their services and their reliability. So I am happy about their extraordinary service, which makes me profitable.
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