Xm forex review

Length of use: over 1 year as a result, you are kindly requested to submit a withdrawal request for your remaining balance through the withdrawals section of our members area and this shall be processed accordingly.

No deposit forex bonuses

If no withdrawal request is received within the next 48 hours, your funds will be sent back to the source.In view of the above, please note that you will be strictly prohibited from opening any new trading account(s) and trade with our company. Nonetheless, in cases where you may successfully open an account and trade with our company due to any technical and/or human error, we reserve every right to immediately close your account upon identification, nullify any profit/loss generated and refund the original amount of deposit, excluding any deposit and withdrawal charges, back to the same source of deposit.
Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, no further correspondence will be entered into.
Kind regards
--
XM team

XM review

Trading point of financial instruments

XM group is a group of online brokers. XM group offers the MT4, MT5 and webtrader currency trading platforms. XM.Com offers over 55 currency pairs and cfds on stocks, metals, commodities, equity indices, and energies for your personal investment and trading options.

Former websites of this broker include trading-point.Com.

Other websites related to this company include xmtrading.Com, pipaffiliates.Com, xmarabia.Net, XM.Co.Uk, xmsina.Com.

Broker details

Live discussion

Join live discussion of XM.Com on our forum

XM.Com profile provided by chris zacharia, mar 28, 2017

XM is a forex broker. XM offers the metatrader 5, metatrader 4 and mobile global forex trading top platforms. XM.Com offers over 55+ forex pairs, stocks,cfds, equities, indices, metals, and energies for your personal investment and trading options.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Super legit platform

I have started trading with real money on december 7,2020 and at the end of the month thursday 31 my account was up approximately 53 % .

Everything is working more than expected. And if there is more than five starts for evaluation I will give them all the starts in the sky. What a wonderful company .

They are very honest and sincere and think of clients more than themselves. Any question I ask I get a prompt reply from professional works that really appreciate to help you make money as they earn money too. It is a win win game.

In short, there is no company as good as xm.Com it is really the business itself.

Deposit easy, but its difficult to withdraw

I ve been trading for 2 months use XM broker, yesterday as i want to withdraw quite large above 3000usd suddenly they ask for scan of my bank account with my name on it, i understand that this is for security.

So I sent them as they request, but then they reply I need to sent from my registered email. Now the registered email using gmail that has dots, they receive my email without dots( so they assume its not registered how come since they sent all the daily confirmation to my same email address)

So i ve already change the email with dots and until now there is no reply from them

I just got info that XM has been awarded with best global forex 2020, and I hope they act like one

Length of use: over 1 year

I am utterly disappointed with XM, yesterday they recorded a lower price compared to other platforms and brokers. Due to this irregular behavior and price move, my positions were stopped out and thus disrupting my day, throwing me off balance completely.

Can anyone let me know if such behavior is possible? Customer support always gives you generic response, the feeling of helplessness when you discover your broker does not have your best interest at heart is devastating.

I am now convinced that perhaps I should look for another broker.

I am new to FPA, but I have been looking at the site for a long time, I saw the alerts about xm, but as I had support in portuguese I decided to take a chance, I figured that the problems described might not occur to me!
It was a big mistake on my part, i made some deposits, and i went through unsuccessful operations i lost a good amount of money at xm, so far so good, they are not to blame for that. When I finally make a new deposit and I have a "good" day, I deposited 100 and made 105.71 of total profit 105.71, I thought I will make a withdrawal and continue using the broker, that's when my headache started, I asked for the withdrawal via neteller, in which I had already deposited an amount, my withdrawal was denied and I was asked to withdraw via an astropaycard which had been the method of my last deposit, I went to the chat to complain, because I know about the money laundering law, I should be able to withdraw a part by neteller, after much discussion I was informed that I should withdraw by astropaycard, I accepted and withdrew, but in just 2 minutes after leaving the chat the following email arrived:

Important news
dear client,

We are contacting you regarding account (s) number 40025313 ("your account (s)") maintained at our company.

The trading patterns in your account (s) raise serious concerns regarding the trading bonuses credited to your account (s), as these were used in “cash-back arbitration” activities.

In accordance with the terms and conditions applicable to our credit bonuses, the following activities qualify as "cash-back arbitration":
any form of commercial arbitration
bonuses claimed by multiple accounts that have been registered using the same IP address
various bonus handling practices
violation of any points that are included in our bonus terms and conditions
any fraudulent activities, disputes or situations that our company considers to be fraudulent.

Given the fact that your account (s) trading patterns do not comply with the terms and conditions of the respective trading bonus program, we regret to inform you that any bonuses previously assigned to your account (s) will be deducted, with immediate effect and your account (s) is / are not eligible to participate in any future trading bonus programs.

Please note that our decision on this matter must be considered as definitive and binding on all participants and that, in addition to the notification set forth hereinafter, no further correspondence will be made on the matter in question.

I know that there are people who abuse the bonus programs, but it is not my case, I would be very happy if XM pointed out a concrete proof to the FPA, because accusing customers of having broken the rules at random is very easy for them to steal customers ! And all this happens only when you ask for a withdrawal! While I was losing money with them everything was great, everything was beautiful, it was me having a small profit that started this antics!
It is not a large amount, but note that in the current situation it is complicated to keep losing small amounts! The worst is the feeling of helplessness that we have when dealing with these scams!

I have further investigated the issue raised in your review and I can confirm that it was correctly decided that you will no longer be eligible to participate in any trading bonus programs, due to the nature of your trading activity.

Particularly and for your better understanding, please note that the trading patterns and trading behavior in your trading account(s) held with our company indicated that you were exploiting arbitrage opportunities. As you were accurately informed by the relevant department of our company via email, any actions taken in relation to your trading account(s) were fully in line with our company’s controls and procedures. At this point, I would like to stress the fact that no adjustments were performed to your trading account(s).

In view of the above, kindly note that the same trading conditions will apply to any new trading account(s) registered with our company. In this respect, I regret to inform you that your request to remove these trading conditions from your trading accounts is rejected.

I hope that the above information explains what has occurred, and I would like to assure you that it is not our wish to trouble our clients and further confirm that we always abide by the client - company agreement which governs our business relationship.

Length of use: over 1 year

Please note that I have investigated the issue raised in your review and I can confirm that your withdrawal request under question was correctly and successfully executed by our back office department as per our internal withdrawal procedures.

Notwithstanding the above, you have contacted our company claiming that you did not receive the relevant funds as such, our personnel correctly informed you that in order for us to be in position to escalate the case we need some supporting documents. More specifically, you were requested to provide us with a bank statement starting from the date of the withdrawal (i.E., 25/11/2020) as proof of non receipt of the funds so as to investigate further with the bank.

Due to the fact that we were not provided with the requested document, the relevant department of our company was not in position to escalate the case and as such, I would like to inform you that once we are provided with the requested proof, all the necessary actions will be taken.

I have further investigated the issue raised and I can confirm that the reason as to why your withdrawal requests are being rejected is due to the fact that the bank details submitted are invalid.

Particularly and as you were accurately informed via email by our back office department, we were unable to proceed with your withdrawal requests, as the bank account information you have provided us with was incorrect. At this point, I would like to stress the fact that you submitted several withdrawal requests using different bank accounts; however all of them were bouncing back as invalid.

In addition to the above, I can further confirm that you were requested to provide additional documentation in order to prove that all bank details you input were correct, but we never received any documentation from you and as such, we could not raise the case to our payment service provider.

I would like to assure you that it is not our wish to trouble our clients and further confirm that upon receipt of the requested documentation, the relevant steps will be taken.

Low lavrage

Length of use: 6-12 months

Length of use: over 1 year

->->->->->->->"is hedging allowed on XM MT4/MT5 trading accounts?
Answer:

Yes, you can hedge your positions as much as you can with XM.

The margin requirements will be balanced out and there is no required margin for hedging with XM.

However, for hedging CFD instruments, margin is only required once.

*even when hedging positions, the required margin can be increased due to market conditions.
Please note that XM does not allow ‘arbitrage’ trading on their trading platforms.

There are certain rules to protect other traders and the broker’s benefit. For more information, please refer to XM’s terms and conditions or contact the support team.
Date: mo., 9. Dez. 2019 um 01:01 uhr
subject: important notice - account no. 19123879, 19125255, 19122186, 19125256, 19117576, 18059051, 21188365, 19124598, 19124597, 21188390
to:
cc: christos gogas

Dear sir/madame,
we are writing in connection with your account no. 19125255 19125256(hereinafter “your account”) with our company.
In that regard, our anti-fraud department has brought to our attention that the trading patterns in your account(s) raise serious concerns that your account was being used for ‘arbitrage’ activities.
Pursuant to the terms and conditions such activities are being qualified as fraudulent.
Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to:
- close all of your trading account(s);

As a result, you are kindly requested to submit a withdrawal request for your remaining balance through the withdrawals section of our members area and this shall be processed accordingly. If no withdrawal request is received within the next 48 hours, your funds will be sent back to the source.In view of the above, please note that you will be strictly prohibited from opening any new trading account(s) and trade with our company. Nonetheless, in cases where you may successfully open an account and trade with our company due to any technical and/or human error, we reserve every right to immediately close your account upon identification, nullify any profit/loss generated and refund the original amount of deposit, excluding any deposit and withdrawal charges, back to the same source of deposit.
Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, no further correspondence will be entered into.
Kind regards
--
XM team

Hello,
I don't use "arbitrage". I only use hedging with 2 accounts. I've been your customer since 3 years and you wanna close all my accounts yet?You will lose a lot of customer because I did free marketing for you. I told all my own customer about you. In these 3 years I never did a mistake and now you will close all my accounts?Then I will switch to another broker and tell all my customer what you do. I like XM and I show my loyality to XM. But you close negative trades and I lose one whole day. How you will make it good?
Best regards
anthony ******

That's now 1 year ago. I write them a new message some days ago to clarify:

Hello,
it‘s now 1 year ago you close all my accounts because you say I did arbitrage. I said to you, I don‘t did arbitrage. I hedged my trades but you don‘t give me a chance to show that. You didn‘t show me any proof. Now I work with a lot of big other brokers. I‘m ready to apologize your mistake because I want to be a customer of xm. Because I know xm has good conditions. Is it possible to clarify? For me it‘s not important. I can be a customer from the other brokers too. That’s your decision. I am not dependent on you. So you can choose now, if you maybe has a very loyal customer, who recommends you to other people or you haven‘t.
Best regards
anthony ******

---------- forwarded message ---------
von: christos gogas
date: mo., 19. Okt. 2020 um 10:54 uhr
subject: my account 19117576
to:

Dear sir/madam,
thank you for contacting us.
Regarding your concern I would like to ask you to refer to the email you received about the status of your account.
Kind regards,

I think they don't read the message, they are all to lazy to clarify that. XM has good conditions but the support isn't existing.

Dec 26, 2019 - 2 stars hello,

XM has good conditions for their customers.
I prefer the deposit bonus and the margin stop out level. The spreads are very stable.

But the support ist terrible. I have been your customer for more then 3 years.
I never did a mistake.

For more then 2 weeks ago I opened two low spread accounts. With one account I bought EURUSD and with the other I sold EURUSD. At the midnight I got a message that I'm a scammer because I used "arbitrage". That's not f***ing arbitrage. That's hedging. So they close all my accounts. After that I wrote a message to my account manager and to the support. I replied the message of them. But they only wrote back "we can't do anything".

What the hell. I was a very loyal customer, I told other people that xm is the best broker. Some of my customers are customers of xm because I told them about them.
You can make one mistake and they give a f on you. That's not a support. They should get 0 stars for that. But I see the positive sides too.

I'm very angry about that. They destroyed my ranking on MQL5 and had stolen more than 4 hours of my life. But thanks to god. I got a meesage from another broker which want to work with me. I would have deposit a very big amount in xm. But now it's to late. I don't want to work with a broker who gives a f on their customer. Bye.

Reply by chris zacharia submitted jan 8, 2020 dear at0nu5,

In order for us to properly investigate this and be able to provide you a comprehensive reply we would need the account number of one of the accounts which you used.

Reply by chris zacharia submitted oct 30, 2020 dear at0nu5,

Following investigation of your trading accounts and trading activity, I can confirm that our business relationship was correctly terminated due to the fact that you were placing opposite orders within your trading accounts. Kindly note that the latter is also confirmed by you in your review above.

This cannot be deemed as an acceptable strategy as you create an environment which does not follow the fair rules of trading and makes the strategy in a way risk free and therefore not permitted. It should be also noted that the latter constitutes a violation of our terms and conditions of business. In addition to the previously-mentioned, I can confirm that the remaining balance in your trading account has been withdrawn.

In view of the above, I regret to inform you that unfortunately, due to the above violation, we are not in position to accept you as a client again.

Kindly note that our company allows its clients to use the hedging strategy; however, by placing opposite orders in-between your trading accounts, you create an environment which does not follow the fair rules of trading and makes the strategy in a way risk free(i.E., exploiting arbitrage opportunities) and therefore not permitted.

Due to our “no negative balance” policy, the trading strategy described above would have limited the potential loss to the entire balance of the account having the loss-making position and the account having the profit-making positions to have unlimited upside potential which would duly cover the losses suffered in the loss-making account.

In this respect, kindly bear in mind that the above cannot be deemed as an acceptable strategy and it is considered as a violation of the company’s terms and conditions of business.

Frequently asked questions

Is XM a good broker?

The best way to answer if XM is a good broker is to read the unbiased traders reviews on forex peace army. Https://www.Forexpeacearmy.Com/forex-reviews/7214/xm-forex-brokers.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we recommend to check recent XM broker community discussions: https://www.Forexpeacearmy.Com/community/tags/xmcom/

What is the minimum deposit for XM broker?

XM brokers offers several account types. Micro and standard accounts have a minimum deposit of $5. Other account types vary in their minimum deposit requirements by region.

How do I deposit money in to my XM broker?

XM's broker deposit procedure is fairly straightforward. Once the account is registered and approved, follow these simple steps:

Select the deposit method (credit and debit cards, neteller, bank wire transfer or other).

Select the XM account and specify the deposit amount.

Enter the appropriate payment details.

Funds availability depend on the funding method, with card deposit being "instant". If you have any questions or problems contact XM broker live chat.

How long does it take to withdraw from XM?

XM broker says they process nearly all withdrawal requests within 24 business hours.

Then it may take another 2-5 business days for the bank to process wire or for card transaction to be reflected in your account.

For faster XM withdrawal you may opt for the XM card or e-wallet, these payments are received the same business day.

Can I withdraw XM bonus?

Profits made by trading XM bonuses are withdrawable. However, you can not withdraw XM bonus itself.

Check the terms and conditions of any bonus program before accepting a bonus.

How much can I withdraw from XM?

XM's minimum withdrawal amount is $5 for credit/debit cards and e-wallets and is $200 for the bank wire.

The maximum withdrawal amount from XM is determined by the payment method with bank wire limits being the highest.

Please be aware of the XM withdrawal priorities, if you deposited money with the credit card or e-wallet, then withdrawal is processed via the same method up to amount deposited before you are able to select other withdrawal methods.

Does XM allow scalping?

XM allows scalping as well as trading during time of increased volatility.

It is always a good idea to check fresh reviews on forex peace army to see if traders recently encountered any serious problems with scalping using XM trading platforms.
Https://www.Forexpeacearmy.Com/forex-reviews/7214/xm-forex-brokers.

What is XM zero account?

XM zero accounts feature near-zero spreads (EURUSD average spread is as low as 0.1 pips) and a no requotes execution policy with all trading styles welcome.

The trade off is a broker commission of $7 per lot round turn charged when opening the trade.

Some regions may have different account options.

Is XM a regulated broker?

XM broker is regulated by several government regulators:

Australian securities and investments commission (ASIC), registration #443670;

Belize international financial services commission (IFSC), registration #IFSC/60/354/TS/18;

Cyprus securities and exchange commission (cysec), registration #120/10.

Does XM charge commission?

XM broker offers several account types:

Micro account and standard account are commission free

XM zero account features ultra-thin spreads but charges commission of $7 per round lot traded payable at the order opening time

Some regions may have other account types

What is XM leverage?

XM offers flexible leverage from 1:1 to as high as 888:1 that can be instantly changed in your account members area.

Higher leverage allows to trade the borrowed capital which increases both the profit potential and the risk of loss.

Some trading strategies like automated scalping may require high leverage while many professional traders do not use much leverage.

Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level. Some regions may only offer lower leverage.

XM group review

While XM group struggles to stack up against industry leaders, in terms of its platform offering, range of markets, and pricing, XM group provides an outstanding offering of quality educational content and market research.

Top takeaways for 2021

Here are our top findings on XM group:

Founded in 2009, XM group is regulated in two tier-1 jurisdictions and one tier-2 jurisdiction, making it a safe broker (average-risk) for trading forex and cfds.

XM group is a best in class metatrader broker in 2021, that offers the complete metatrader suite, along with a few notable upgrades to enhance the experience, in addition to custom indicators. Besides social copy trading, where XM group finished best in class (7th place), XM group’s research offering is rich with depth and variety, challenging industry leaders such as IG and saxo bank.

Pricing at XM group varies by account type. Overall, the broker is not a stand out for low-cost trading when compared to pricing leaders such as CMC markets and IG.

Special offer:

Overall summary

feature	XM group
overall	4 stars
trust score	84
offering of investments	4 stars
commissions & fees	4 stars
platforms & tools	4 stars
research	4.5 stars
mobile trading	4 stars
education	4.5 stars

Is XM group safe?

XM group is considered averge-risk, with an overall trust score of 80 out of 99. XM group is not publicly-traded and does not operate a bank. XM group is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM group is authorised by the following tier-1 regulators: australian securities & investment commission (ASIC) and financial conduct authority (FCA). Learn more about trust score.

Regulations comparison

feature	XM group
year founded	2009
publicly traded (listed)	no
bank	no
tier-1 licenses	2
tier-2 licenses	2
tier-3 licenses	1
trust score	84

Offering of investments

Through its various brands, XM offers traders a total of 1,230 cfds across multiple asset classes, including forex, along with 100 exchange-traded securities (non-cfds). The following table summarizes the different investment products available to XM group clients.

Feature	XM group
forex: spot trading	yes
currency pairs (total forex pairs)	57
cfds - total offered	1273
social trading / copy-trading	yes
cryptocurrency traded as actual	no
cryptocurrency traded as CFD	no

Commissions and fees

Traders who need instant execution will appreciate no requotes or rejections with XM’s zero account, compared to market execution offered by other agency-only brokers. That said, XM group still trails the best forex brokers when it comes to its pricing for budget and active traders.

Account options: the commissions and fees at XM group depend on the type of account and which global entity you choose. There are three primary accounts. While the commission-free micro and standard accounts are expensive, the commission-based XM zero account is more competitive.

Spreads and commissions: in the commission-based XM zero account, average spreads on the EUR/USD stands at 0.1 pips (according to XM group website data), making the effective spread 0.8 pips after including the $7 per round-trip commission. The standard and micro accounts have average spreads of 1.6 to 1.7 pips for the same pair and are comparably less attractive options at XM group.

Execution method: XM group acts as the sole dealer (principal market-maker) in all trades it executes. This execution method allows XM group to provide execution for up to $50 million worth of currency at a time and permits up to 200 simultaneous open positions which is reasonable compared to peers.

Shares trading: forex and cfds aside, XM group provides a shares account that requires a $10,000 deposit and is for investors who want to trade shares directly (non-CFD) with no leverage. This account is not available at all the entities of the group.

Gallery

Feature	XM group
minimum initial deposit	$5-100
average spread EUR/USD - standard	1.6 (aug 2020)
all-in cost EUR/USD - active	0.8 (aug 2020)
active trader or VIP discounts	no

Platforms and tools

Offering the full metatrader suite (MT4, MT5) with additional platform add-ons is a crucial distinction among the best metatrader brokers. XM group checks these boxes, offering the full MT suite alongside multiple proprietary indicators, such as the rivers indicator developed by its in-house staff.

Gallery

Feature	XM group
virtual trading (demo)	yes
proprietary platform	no
desktop platform (windows)	yes
web platform	yes
social trading / copy-trading	yes
metatrader 4 (MT4)	yes
metatrader 5 (MT5)	yes
ctrader	no
duplitrade	no
zulutrade	no
charting - indicators / studies (total)	51
charting - drawing tools (total)	31
charting - trade from chart	yes
watchlists - total fields	7
order type - trailing stop	yes

Research

XM group’s XM TV is a winner, delivering excellent daily in-house market commentary that competes with industry leaders in video including IG, saxo bank, and CMC markets. And, while market research is found primarily outside of MT4, XM group offers a comprehensive and quality package that will satisfy most traders.

XM TV: XM group has done a great job creating daily forex news videos with market analysis explained in a TV interview-style format. The audio from these videos is also uploaded as a podcast to syndicate the content across media formats.

Articles: video aside, the news section on the XM group’s website allows filtering content by asset classes, making it easier to find articles about forex, indices, stocks, and cryptocurrencies. It is easy to appreciate the scope of research content with XM group, thanks to quality daily market recaps alongside technical and fundamental analysis articles.

Trading signals: XM group offers its trade ideas and technical summaries hub to live account holders, with signals streaming from autochartist and analyzzer. The broker also provides trading ideas (shares only) from trading central. In addition to the metatrader signals market, which allows automated trade copying, XM group supports social copy trading from compatible expert advisors developed by analyzzer.

Accessibility: given that the trading platforms are segmented away from the research, XM is at a slight disadvantage when compared to the best forex brokers for research. For comparison, saxo bank, IG, and CMC markets integrate research features into their platforms.

Gallery

Feature	XM group
daily market commentary	yes
forex news (top-tier sources)	yes
weekly webinars	yes
autochartist	yes
trading central (recognia)	yes
delkos research	no
social sentiment - currency pairs	yes
economic calendar	yes

Education

XM group offers a high quality, diverse selection of educational content. For example, the in-house video collection, tradepedia, is a great collection for beginners to reference. No question, XM group holds its own against education leaders such as FXCM, IG, and saxo bank.

Tradepedia: XM group offers tradepedia, an in-house video course that provides educational forex and CFD content. I found the series useful with 39 videos across seven chapters with good quality coverage for beginner and advanced video content.

For example, the course instructor demonstrates how to use some of the firm’s proprietary indicators, such as the avramis river indicator. The video had multiple examples to help users interpret this particular study in different market conditions.

Webinars: with 49 webinar instructors covering 19 languages throughout the week, XM group has extensive coverage of time-zones and a detailed schedule organized by experience level for traders to subscribe.

Articles: there are a series of 53 written articles that are organized in a progressive format across six chapters covering 13 lessons regarding forex, starting with basics, and ending with advanced subjects. Pros aside, XM group should consider adding CFD education for other asset classes to further enhance its educational coverage.

Gallery

Feature	XM group
daily market commentary	yes
forex news (top-tier sources)	yes
weekly webinars	yes
autochartist	yes
trading central (recognia)	yes
delkos research	no
social sentiment - currency pairs	yes
economic calendar	yes

Mobile trading

Since XM group is a metatrader-only broker, the ios and android versions of the MT4 and MT5 mobile apps come standard and are both available for download from the apple itunes store and android play store, respectively. With no proprietary mobile app available, XM group trails the industry leaders in this category, such as IG, and saxo bank.

Gallery

XM Group Metatrader 5 mobile trade ticket

Feature	XM group
android app	yes
apple ios app	yes
trading - forex	yes
trading - cfds	yes
alerts - basic fields	yes
watch list	yes
watch list syncing	yes
charting - indicators / studies	30
charting - draw trendlines	yes
charting - trendlines moveable	no
charting - multiple time frames	yes
charting - drawings autosave	no
forex calendar	no

Final thoughts

As a vanilla metatrader broker, XM group offers over 1300 instruments, including 57 currency pairs, yet trails behind the best forex brokers who offer many thousands of tradeable symbols. Meanwhile, while XM group’s pricing on commission-based accounts is close to the industry average, its standard account spreads are expensive.

Drawbacks aside, XM group provides traders excellent research and education, making it a strong choice for beginners and traders who appreciate quality market research.

About XM group

XM group consists of multiple entities that use the XM brand and hold regulatory status in various jurisdictions. The group’s first entity was founded in 2009 in cyprus and is regulated by cysec (license 120/10) under the name trading point of financial instruments ltd.

In 2015, the group established an entity in sydney, australia, regulated by ASIC (license number 443670). In the united kingdom (UK), XM holds regulatory status in london through its FCA-regulated entity (license number 705428), under trading point of financial instruments UK ltd. Finally, in 2017 XM global limited obtained regulatory status in belize, where it is regulated by the IFSC (license number IFSC/60/354/TS/19).

2021 review methodology

For our 2021 forex broker review we assessed, rated, and ranked 27 international forex brokers over a three month time period. Each broker was graded on 108 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex risk disclaimer

"there is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." learn more.

XM review and tutorial 2021

XM.Com offer a range of account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.

XM.Com deliver ultra low spreads across a huge range of forex markets. Flexible lot sizes, and micro and XM zero accounts accommodate every level of trader.

XM review; touted as the next generation broker for online forex and commodity trading, XM global webtrade is suitable for beginner and seasoned traders alike. Traders can get started with the trading software real account, or test the waters with a demo account platform with $100,000USD of virtual currency.

Highlights of this particular broker service include auto trading, no hidden fees or commissions and fast order executions, with 99.35% taking place in under 1 second.

Company details

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

The platform boasts over 1.5 million clients with traders in 196 countries. The XM ethos is all about being big, fair and human. The company prides itself on things like excellent customer service and a personalised approach for every client, no matter their investment goals.

XM trading platform

XM offers 2 trading platforms which are accessible from both real and demo accounts. The multi-award winning metatrader 4 is predominantly a forex trading platform that supports stop, limit, market and trailing orders.

The metatrader 5 platform is a multi-asset trading platform which also offers access to stocks, stock indices and precious metals. Both platforms are available on apple and android devices, which makes for a smooth and easy-to-use mobile trading experience.

The trading area offers additional, optional tools, such as economic calendar or trade volume stats.

Assets / markets

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.

XM does not offer binary options or futures.

Spreads & commission

Spreads vary depending on the kind of account opened. It’s possible to open a micro account, standard account and XM zero account. The minimum spread across all accounts is 0.1 pips, and the average spread for a major pair such as EUR/USD is 0.1 pips.

XM operates a strict “no hidden fees or commission” policy. As such, commission is only given for XM zero accounts. XM covers all transfer fees and same-day withdrawals are guaranteed.

Leverage

Depending on the instrument, the leverage can range from 2:1 to 30:1. This is completely flexible and XM offers its clients the chance to manage their own leverage risk. Margin requirements remain constant throughout the week and never widen at weekends or at night.

This leverage applies to clients registered under the EU regulated entity of the group.

XM mobile apps

XM is available on a number of android and apple devices, including apple iphone, apple ipad and android tablets and android phones. Login is super-easy and can be done via fingerprint. You can download their apps from the apple app store or the google play store.

They are both fully functional and allow for monitoring and trading on-the-go. The desktop platforms for PC and mac both support one-click trading.

XM global trading platforms

Payment methods

In line with conventional KYC regulations, users need to provide a colour copy of an official identification document such as a passport or a driver’s license. They also need to provide a recent utility bill dated within the last three months as proof of address.

Once registered, the minimum deposit amount is $5 for micro and standard accounts, while zero accounts require a minimum deposit of $100.

Deposits can be made using most major credit cards, electronic payment methods, wire transfer, local bank transfer and more.

Deposits can be made in any currency and it will be automatically converted into the currency you select as your base currency when opening the account.

All withdrawals are processed in 24 hours and there are no fees to take your money out of your ewallet.

Demo account

XM excels in its demo account offering. Users can set up a demo account with just a few details and then get trading with a virtual balance of $100,000USD. The XM demo account is unique in that it offers exactly the same trading conditions as the real thing.

There are no time limits on how long you can use your demo account.

Bonus deals and promotions

XM also offers a free VPS (virtual private server) service to help increase the speed of trades. This VPS is accessible from anywhere and available 24/7. They claim to eliminate downtime and are available across the globe.

XM are also offering commission and fee free withdrawals and deposits.

As an EU regulated brand, XM comply with the ESMA ban on bonuses, and the $30 deposit bonus is no longer available to EU traders.

Regulation and licensing

As noted above, XM group has a range of brands covered by different regulators.

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10).

Trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670).

XM global was established in 2017 and is regulated by the international financial services commission (000261/106).

Additional features

One of the biggest perks available on the XM platform is the wealth of training and educational materials available. The platform hosts regular webinars aimed at newcomers and seasoned professionals alike.

The platform is inherently social, encouraging users to learn from their team of instructors. The company also published research and technical analysis.

XM MT4 and MT5 forex trading

XM account types

There are four levels of trading account, micro, standard and zero. All accounts allow up to 200 open/pending positions per client.

Micro accounts: micro accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and can get started with a minimum deposit of $5USD. 1 micro lot is 1,000 units of the base currency.

Ultra low accounts: XM ultra low accounts, can use EUR, USD, GBP, AUD, ZAR, SGD as the base currency and traders will require a minimum deposit of $50 USD. 1 standard ultra lot is 100,000 units of the chosen base currency, whereas, 1 micro ultra lot is 1,000 units of the base currency. XM ultra low accounts are not applicable to all entities of the group.

Standard: standard accounts can use USD, EUR, GBP, CHF, AUD, JPY, HUF and PLN as the base currency and traders can get started with just $5USD. 1 standard lot is 100,000 units of the chosen base currency.

Zero accounts: zero accounts can use USD, JPY and EUR as the base currency and traders will require a minimum deposit of $10USD. Like the standard account, 1 standard lot is 100,000 units of the chosen base currency.

Benefits

XM offers a full-service education package on forex, ideal for those making their first steps into trading.

However, this isn’t at the expense of the more seasoned professional, who also have access to expert analysis and unparalleled tracking tools. As a company that prides itself on solid customer service, their users are well-served with support available in many different languages.

Drawbacks

While the support may be strong, some users dislike that customer support is only available monday to friday. Another disadvantage is the lack of diversity between the different account types makes for a less personalised feel.

Other brokers offer more a distinct offering in their accounts, but the micro, standard and zero accounts are almost identical. And finally, paypal deposits are not currently supported, which can be problematic for some.

Traders from certain regions are also forbidden to open an account due to licensing laws, these include canada and the united states.

Trading hours

In line with worldwide forex market hours, XM is available 24 hours a day. For phone trading, the XM trading hours are sunday 22:05 GMT through to friday at 21:50 GMT.

Contact details / customer support

The easiest way to contact XM is through their live chat feature found on the contact page of their website.

You can also email support on: support@xm.Com

Safety and security

There are no obvious security concerns with the website. Users are required to confirm their email address in order to open a demo account but signing up for email updates is not a requirement. In order to open a trading account, identification documents are required.

According to the company privacy policy, XM has organisational procedures in place to ensure that personal data is kept secure.

Overall verdict

XM offers a comprehensive broker service to traders of all levels. Whether you are just starting out and learning the ropes, or if you’re a seasoned trader looking for a reliable and efficient platform, XM is a solid choice.

Despite the shortcomings with the different account options, the platform is easy to use and simple to navigate.

Accepted countries

XM accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use XM from united states, canada, israel, iran, portugal, spain.

XM review 2021

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Summary

Recommended for forex and CFD traders who prefer metatrader platforms and seek great account opening

XM is an online broker whose parent company is trading point holding, a global CFD and FX broker founded in 2009.

XM is available globally and is regulated by three financial authorities: the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC) and the international financial services commission of belize (IFSC).

Disclaimer: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

XM pros and cons

XM has low stock CFD and withdrawal fees. Account opening is user-friendly and fast. You can use many educational tools, such as webinars and a demo account.

On the other hand, XM has a limited product portfolio as it offers mainly cfds and forex. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU.

Pros	cons
• low stock CFD and withdrawal fees	• limited product portfolio
• easy and fast account opening	• average forex and stock index CFD fees
• great educational tools	• no investor protection for non-EU clients

XM main features and highlights

��️ country of regulation	cyprus, australia, belize, united arab emirates
�� trading fees class	low
�� inactivity fee charged	yes
�� withdrawal fee amount	$0
�� minimum deposit	$5
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	11
�� demo account provided	yes
��️ products offered	forex, CFD, real stocks for clients under belize (IFSC)

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

XM review
fees

pros	cons
• no withdrawal fee	• inactivity fee
• low stock CFD fees	• average FX fees

XM fees snapshot

assets	fee level	fee terms
S&P 500 CFD	low	the fees are built into the spread, 0.7 points is the average spread cost during peak trading hours.
Europe 50 CFD	average	the fees are built into the spread, 2.6 points is the average spread cost during peak trading hours.
EURUSD	average	with standard, micro, and ultra-low accounts the fees are built into the spread. 1.7 pips is the standard account's average spread cost during peak trading hours. With XM zero accounts, there is a $3.5 commission per lot per trade and a small spread cost.
Inactivity fee	low	$15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive.

How we ranked fees

We ranked XM's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

In the sections below, you will find the most relevant fees of XM for each asset class. For example, in the case of forex and stock index trading, spreads, commissions and financing rates are the most important fees.

We also compared XM's fees with those of two similar brokers we selected, XTB and etoro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of XM alternatives.

To have a clear overview of XM, let's start with the trading fees.

XM trading fees

XM trading fees are average. XM has many account types, which all differ in pricing. The standard, micro, and ultra low accounts charge higher spreads but there is no commission. The XM zero account charges lower spreads, but there is a commission. The following calculations were made using the standard account.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compared brokers by calculating all the fees of a typical trade for selected products.

We chose popular instruments within each asset class:

Stock index cfds: SPX and EUSTX50

Stock cfds: apple and vodafone

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For volume, we chose a $2,000 position for stock index and stock cfds, and $20,000 for forex transactions. The leverage we used was:

20:1 for stock index cfds

5:1 for stock cfds

30:1 for forex

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for XM fees.

CFD fees

XM has low stock CFD, while average stock index CFD fees.

XM CFD fees for a $2,000 long position held for one week

XM	XTB	etoro
S&P 500 index CFD fee	$1.6	$1.4	$1.5
europe 50 index CFD fee	$2.4	$1.8	$2.7
apple CFD fee	$6.4	$17.3	$6.7
vodafone CFD fee	$1.2	$20.8	-

Forex fees

XM's forex fees are average compared to its competitors.

XM forex benchmark fees of a $20,000 30:1 long position held for one week

XM	XTB	etoro
EURUSD benchmark fee	$9.5	$8.3	$8.8
GBPUSD benchmark fee	$8.4	$6.0	$8.5
AUDUSD benchmark fee	$10.3	$6.5	$8.2
EURCHF benchmark fee	$9.7	$8.9	$12.6
EURGBP benchmark fee	$10.5	$8.4	$12.3

Real stock fees

Clients onboarded under IFSC can also trade real stocks using the shares account.

The real stock fees are lower than XTB's, but lag behind etoro's commission-free real stock offers.

Stock and ETF commission of a $2,000 trade

XM	XTB	etoro
US stock	$1.0	$10.0	$0.0
UK stock	$9.0	$12.0	$0.0
german stock	$5.0	$12.0	$0.0

The commissions are volume-tiered with a minimum fee.

XM stock commission

stock market	commission	minimum commission
USA	$0.04 per share	$1
UK	0.10%	$9
germany	0.10%	$5

Non-trading fees

XM has average non-trading fees. There is no account fee and XM charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee.

There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive.

So, let's see, what we have: is XM a good forex broker? Read real reviews, by traders, for traders? Add your rating to the largest forex review database by forex peace army? At xm forex review