XCM Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-07-10 12:20

Abstract：XCM Markets is an offshore broker registered in Saint Vincent and the Grenadines, giving their clients access to a series of trading instruments. With the XCM Markets platform, four types of trading accounts are provided, namely Standard, Gold, Platinum and VIP accounts, with the minimum deposit required by each account not disclosed.

Basic	Information
Registered Countries	Saint Vincent and the Grenadines
Regulation	No License
Minimum Deposit	N/A
Maximum Leverage	1:400
Minimum Spread	3 pips on the EUR/USD pair
Trading Platform	N/A
Demo Account	Available
Trading Assets	Forex, Precious Metals, Indices, Stocks
Payment Methods	N/A
Customer Support	Telephone, Email support

　　General Information

　　XCM Markets is an offshore broker registered in Saint Vincent and the Grenadines, giving their clients access to a series of trading instruments. With the XCM Markets platform, four types of trading accounts are provided, namely Standard, Gold, Platinum and VIP accounts, with the minimum deposit required by each account not disclosed.

　　XCM Markets is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.14/10 ( dynamic score). Please be aware of the risk.

　　Account Types

　　Standard accounts, Gold accounts, Platinum and Elite accounts are available options for both retail and professional clients. However, XCM Markets does not list detailed account features.

　　Aside from live accounts, demo accounts and Islamic accounts are available too.

　　Spreads & Commissions

　　With commissions not specified, spreads are determined by trading accounts. Honestly, spreads offered by XCM Markets are pretty wide, with the spread on the EUR/USD pair starting at 4 pips. GBP/USD pair 6 pips.

　　Leverage

　　XCM Markets claims to offer a maximum trading leverage up to 1:400, which we could not confirm since we did not get access to any sort of trading platform or even to the client area.

　　Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

　　Trading Platform

　　XCM Markets does not offer clear information about what trading platform it provides.

　　Payment Methods

　　Since we could not access the XCM Markets client area, we cannot be sure that all the payment methods the broker mentions on the website would be available. We saw the logos of VISA, MasterCard, Skrill, Neteller, as well as of different banks but with such scam brokers you never know-you might end up being forced to transfer money in a designated deposit method, usually, one that does not allow chargebacks.

　　Customer Support

　　If you have any inquiries or trading-related issues, XCM Markets can be reached through the following contact channels:

　　Telephone: +359 87 822 8123

　　Email: support@xcinvesting.com

　　Company Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and Grenadines.

　　Risk Warning

　　Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

　　The information presented in this article is intended solely for reference purposes.

　　Pros & Cons

Pros	Cons
Flexible trading account options	No regulation
High leverage up to 1:400	No MT4 or MT5 trading platform available
	No demo accounts available
	High spreads offered