Top5 Brokers for Cryptocurrency Trading
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XM.com Review | XM.com Cryptocurrencies Trading Details
XM has clients in 196 countries who actively trade cryptocurrencies, forex, precious metals, stock indices, and energies .the company’s offers an outstanding trading environment offered to clients, a solid regulatory environment, professional dedicated customer support in over 20 languages.
Safety and Regulation
The Trading Point Holdings Ltd is registered with number HE 322690. It is regulated by the CySEC with the license number 120/10. It also has a registration with the FSA in the UK with number 538324. Other registration numbers include the BaFin registry 124161 and the CNMV number 2774.
XM is focused on the Forex Market and hold a renowned trading competition for its traders. Any registered client can participate.
Advantages of Trading CFDs on Cryptocurrencies at XM
- 24 hours a day, 5 days a week
- Tight spreads and NO re-quotes
- Trade with NO hidden charges
- Going short/long according to market moves
- An attractive investment alternative beside Forex
- Available on the XM MT5 platform
XM.com Cryptocurrency Trading Conditions
| Symbol | Minimum Price | Spreads | Min/Max Trade Size | Dynamic Margin Percentage*** | Long Swap Value | Short Swap Value | Limit and Stop Levels |
| Fluctuation | as low as | (Margin Currency)* | (Margin Currency)* | ||||
| BCHUSD | 0.001 | 5 | 0.1/60 | 20% | -25 | -10 | 0.1 |
| BTCUSD | 0.001 | 60 | 0.01/5 | 20% | -25 | -10 | 0.1 |
| ETHUSD | 0.001 | 3.6 | 0.5/70 | 20% | -25 | -10 | 0.1 |
| LTCUSD | 0.001 | 0.6 | 1/260 | 20% | -25 | -10 | 0.1 |
| XRPUSD | 0.00001 | 0.0038 | 0.3/30 | 20% | -25 | -10 | 0.001 |
Types of Accounts
You can choose between a demo account and the regular account. On the demo account, you will have a virtual balance of £100,000 to trade with live information. However, all your earnings (and losses) will not be for real of course but it is a good way to test the broker or your trading strategy.
Once you start depositing money, you can get a second reward of up to £5,000. There is also the unlimited loyalty program that gives you XM points which you can later change for cash or other XM trading rewards.
Overview
You don’t have to install additional software to your computer. You can access everything from the platform via the XM website. Unlike other platforms, the XM main screen includes the news feed that can affect your trading.
You may trade other things besides cryptocurrencies. There are currencies, commodities, equity indices, precious metals and energies.
You will have the visibility of your open, pending and closed positions. That way you will control your dashboard better. The graphs will help you to analyse the current trends.
You can find a website full of training information. The learning centre is focused on Forex. Besides the video tutorials, you can attend Forex webinars and seminars. There are Forex related news and Forex signals to help you further. You can also access the Forex calculators from the training site.
Deposits and Withdrawal Services
There are many ways to deposit or withdraw funds. You may use a credit card, electronic payments, wire transfers, and some others. For security reasons, the only restriction is that to fund your account, the account you are depositing with has to be under your name.
To withdraw, you have the same options than to deposit. You will not be a candidate for withdraws unless you’ve completed the validation process on your account. To do so, you need to upload your proof of address and identity. To complete the withdraw process, you’ll have to wait 24 hours.
Customer Support
You can ask for help in your language. Besides English, XM supports other 20 languages, in 196 different countries. You can find help 24 hours from Monday to Friday, and there is a local phone number if you are calling from Cyprus, the UK, Australia, Hungary or Greece.
Overall Conclusion
For those who are willing to invest in cryptocurrencies, XM is a good solution. You can have support in many foreign languages, and their help desk is open whenever a trading opportunity is available. a good broker that has earned its reputation.