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XM Review and Information 2023

XM Information and Review XM
Registration Open Account Now
Voting Rating 93%  –  7%
Reviews Rating
Status Recommended
Regulation ASIC, CySEC, FSC, DFSA
Trading software MetaTrader4/5, XM Webtrader, XM app
Headquartered 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

XM Group (XM)  is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670),  XM Global Limited was established in 2017 and is regulated by the Financial Services Commission (000261/397) and Trading Point MENA Limited was established in 2019 and is regulated by the Dubai Financial Services Authority (F003484). This broker has more than 1000 financial instruments which can be traded on the XM app and on the MT4/MT5 platforms, and this includes Forex Trading, Crypto CFDs*, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs with transparent real-time pricing, low spreads, and flexible leverage.

* Crypto CFDs are not available on all regulated entities.

We value business efficiency - this is why we regard speed and fairness as crucial.

XM detailed information and reviews

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.
* CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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.

Pros

Strong selling points of XM focus on its NO Requotes, No Rejection Policy as well as its tight spreads which combined with its No Minimum Deposit Policy attract medium size traders which seek for an MT4/5 broker with clean trading conditions with NO high minimum deposit limitations.

Account Types

 

Micro

Standard

XM Zero

Base Currency Options

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN,  SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN,  SGD, ZAR

USD, EUR, GBP, JPY,CHF, AUD, HUF, PLN,  SGD, ZAR

Contract size (lot)

1,000

100,000

100,000

Minimum Initial Deposit

USD 5

USD 5

USD 100

Leverage

Flexible

Flexible

Flexible

Spread on all majors

As low as 1 pip

As low as 1 pip

As low as 0 pip

Commission

No

No

Yes

Lots restriction per ticket

100 lots

50 lots

50 lots

Hedging allowed

Yes

Yes

Yes

Islamic Account

Optional

Optional

Optional

Figures should be considered as a guideline – Tailor made solutions can be arranged to accommodate for each client’s needs. If the deposit currency is not USD, the indicated amount should be converted to the deposit currency.

XM broker offers its customers fractional pip pricing. This means that instead of quoting prices with four(4) digits, XM allows you to benefit from the smallest price movements by adding a fifth digit (fraction). Fractional pip pricing allows for tighter spreads and the most accurate quoting possible. This pricing is the result of our efforts to get the best prices from our multiple liquidity providers.

Regulation of XM

The full information can be found here.​

Though XM is not no spread forex broker, the spreads are tight and are in the fair range of the industry. From default spreads are set to variable with EUR/USD set to an average of 1.9 pips.

*Please note that the products, services and features advertised here vary between the XM entities. For further information, please visit the XM website.

XM Trading Information 2023


WWW https://www.xm.com/
Address 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Headquarters Limassol
Free phone +357 25029900
24 hour support
Partnership programs
Expert advisors
Free education
Bonuses, Promotions
Sponsorship contests, competitions
1st deposit bonus
Mobile trading
Automated trading
Demo account
Swaps
24/5 trading
Scalping
Hedging
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 1-1.9
Maximum Leverage 1000
STP, $
ECN, $
Standard account, $ 5
Mini account, $ 5
Popular payment methods Multiple Local Payment Methods Available
Account currencies EUR, USD, GBP, JPY, CHF, AUD, HUF, PLN, SGD, ZAR
Available assets Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs
Languages English, Greek, Simplified Chinese, Traditional Chinese, Bahasa Malay, Bahasa Indonesia, Korean, Russian, French, Spanish, Italian, German, Polish, Hindi, Arabic, Portuguese, Czech, Slovakian, Bulgarian, Romanian, Urdu, Thai, Nepali
Platforms MetaTrader4, MetaTrader5, XM Webtrader, XM app
Broker type Broker
Regulation ASIC, CySEC, FSC, DFSA
Foundation 2009

XM Reviews and Comments

XM has undoubtedly established itself as a user-friendly broker in the world of Forex trading. It's refreshing to find a broker that stands out from the crowd by prioritizing the trader's experience. Here are some notable aspects of XM that have contributed to my positive experience: Requote and Slippage-Free Trading: One of the standout features of XM is its commitment to providing a smooth trading experience. Unlike some less reputable brokers, I have not encountered any issues related to requotes or slippage when executing trades in both directions. This reliability is essential for traders who value consistency in their trading activities. MT5 with Level 2 Order Book: XM's utilization of MetaTrader 5 (MT5) is a testament to its commitment to offering advanced trading tools. The inclusion of a Level 2 order book, complete with real-time prices and order volumes, is a game-changer. It signifies that XM is not simply a market maker but actively routes transactions to the foreign exchange market. This transparency is invaluable for traders who seek to make informed decisions based on real market data. Reliable Customer Service: Effective and responsive customer service is a hallmark of any reputable broker. XM excels in this aspect by partnering with reliable customer service providers who are readily available to address any queries or concerns. Knowing that there is a responsive support team to assist me provides peace of mind throughout my trading journey. Integral and Currenex Partnerships: XM's strategic partnerships with Integral and Currenex are indicative of its commitment to offering a diverse range of trading options. These partnerships open up opportunities for traders to access different markets and trading tools, catering to a wider spectrum of trading preferences. Access to Learning Resources: For traders, knowledge is power, and XM recognizes this by providing access to valuable learning resources. These resources serve as a valuable tool for both beginners and experienced traders looking to expand their knowledge and refine their trading strategies. In summary, my experience with XM has been overwhelmingly positive. It's evident that XM goes the extra mile to prioritize a seamless and transparent trading environment for its clients. From eliminating requotes and slippage to providing access to Level 2 order book data, XM stands out as a broker that values its traders' success. Additionally, its reliable customer service, strategic partnerships, and educational resources further enhance its appeal as a broker worth considering for both novice and seasoned traders alike.
  15 Sep 2023  
Having collaborated with XM for over three years, I find myself with a mix of impressions that paint a comprehensive picture of my experience. Allow me to delve into the various facets of my experience with this broker: Money Withdrawal and Compliance: A fundamental aspect of any broker-client relationship is the ease of fund withdrawal. In this regard, I have experienced no hiccups or obstacles. XM has consistently met its commitments as outlined in their offers, instilling confidence in the reliability of their financial operations. Order Execution Concerns: However, it is essential to acknowledge a notable aspect of my experience, which pertains to the execution of orders. There have been instances where the execution did not align with my expectations. This factor, although not consistently problematic, has surfaced as an area for potential improvement. For any trader, timely and precise order execution is paramount, and addressing this matter could significantly enhance the trading experience. Customer Service Dynamics: Another facet that deserves attention is the customer service provided by XM. While they offer support, the speed and responsiveness of their customer service representatives have left room for improvement. Swift and effective communication can be a critical asset in resolving issues promptly and ensuring that traders feel heard and valued. Hence, enhancing the efficiency of their customer service would likely result in a more seamless overall experience. Overall Satisfaction: Despite these nuances, my overall experience with XM has been largely positive. The broker's commitment to facilitating straightforward money withdrawals and compliance with their stated terms is commendable. It establishes trust, which is essential in the world of trading. Therefore, despite occasional concerns with order execution and customer service, I am content with the service provided by XM. In conclusion, my journey with XM has been marked by a balance of strengths and areas for improvement. While there have been occasional discrepancies in order execution and the pace of customer service, these aspects have not outweighed the broker's ability to uphold its financial commitments and facilitate seamless fund withdrawals. As I continue my trading endeavors, I do so with a sense of contentment and a hope that XM will address these nuanced concerns, further enhancing its services and solidifying its position as a trusted broker.
  11 Sep 2023  
Throughout my trading with XM, I've had the opportunity to trade across various account types, including STP and ECN. I'd like to share my observations regarding slippage, an integral aspect of trading in the dynamic world of financial markets. Slippage in Trading: Slippage, as many traders are aware, is an inherent component of the trading process. In the realm of STP and ECN accounts, I have indeed encountered instances of slippage. It's important to underscore that slippage, whether positive or negative, is an outcome of the rapid and ever-changing nature of market quotes. In the context of 5-digit quotes, where prices can alter in fractions of a second, slippage is a phenomenon that traders should be prepared to encounter. A Positive Note on XM: However, I'd like to shed light on a positive aspect of my experience with XM. In comparison to several other brokers I've engaged with, XM has demonstrated a commendable track record in managing slippage. This, of course, aligns with my own experience, and I've found that XM tends to exhibit relatively lower levels of slippage. It's essential to maintain a realistic perspective when considering slippage in trading. While it is an inherent part of the process, identifying brokers like XM that strive to minimize slippage can be advantageous for traders aiming to optimize their trading strategies. In summary, my experience with XM has been characterized by the recognition that slippage is an inescapable aspect of trading. However, my positive experience with XM lies in their efforts to manage slippage, which, in my view, has been relatively limited compared to some other brokers. As I continue my trading journey, I do so with an appreciation for the efforts of brokers like XM in mitigating the impact of slippage and providing a more favorable trading environment.
  7 Sep 2023  
I started with XM as a beginner, and their educational resources have been immensely helpful. The platform is user-friendly, and the funds withdrawal process is straightforward. It'd be great if they had more interactive customer support. XM strikes a good balance between efficient trading tools and platform stability. Their regulatory adherence is commendable, giving traders peace of mind. The only drawback is the slight delay in withdrawals during peak times. Order execution with XM is spot-on, crucial for my intraday strategies. The platform's performance is consistent. I do wish their analysis tools offered a few more customisation options for seasoned traders like me.
  18 Aug 2023  
My experience with XM has been mostly smooth. Their service quality is decent, with a very stable trading platform. I've had some minor issues, but their customer support was proactive in addressing them. The tight spreads and precise order executions are what I value most about XM. Their transparency is evident in all dealings. While their analysis tools are good, incorporating more advanced features would make it even better. XM has been my go-to broker for a while now. Their regulatory standards are reassuring, ensuring safe trading. Their platform is robust, and the analysis tools are quite comprehensive. A more interactive customer feedback session would be a cherry on top.
  18 Aug 2023  
XM's service quality is top-notch. The funds withdrawal is efficient, usually processed within a day. Their analysis tools are advanced and provide key insights for trading. However, I'd appreciate a bit more promptness in customer support response times. XM provides an admirable level of platform stability. I've rarely faced any lag even during high-volatility news events. The transparency in their commission structure gives me confidence. But, they could add more in-depth educational content. Trading tools offered by XM are user-friendly and comprehensive. I've had a positive experience with their order execution speed. The occasional delay in customer support feedback is my only concern. The platform's stability stands out for me, and the analysis tools are adept at providing market trends and insights. Regulation seems robust, which is comforting. A slight enhancement in their customer feedback mechanism would make it perfect.
  18 Aug 2023  
XM as for me is an online brokerage firm that provides services for trading various financial instruments including stocks, forex, indices, cryptocurrencies, and more. I've been using XM for a few months now and have found their platform to be user-friendly with competitive commissions. The mobile app makes trading on the go very convenient. Customer service has been responsive to any issues I've had. Overall, XM provides a solid trading experience for begin
  14 Aug 2023  
The XM mobile app offers convenience and flexibility, enabling traders to manage their accounts and execute trades on the go. XM's educational resources, including webinars and tutorials, help traders enhance their skills and stay updated with market trends. While XM's spreads are competitive, they might widen during volatile market conditions, potentially affecting short-term traders. XM's strong points include diverse assets, educational resources, responsive customer support, and an intuitive interface that fosters a smooth trading journey. The MetaTrader 4 and MetaTrader 5 platforms provided by XM are robust and feature-rich, catering to both novice and experienced traders.
  10 Aug 2023  
XM offers a comprehensive trading experience with its range of tradeable assets, competitive spreads, robust trading platforms, and responsive customer support. Its commitment to education, reliability, and regulatory compliance positions it as a trusted broker for traders of all levels. However, traders should be aware of potential spread widening during volatile times and always exercise caution in leverage usage. XM is friendly to scalping and expert advisors, allowing traders to employ various strategies without restrictions.While leverage can amplify profits, XM educates clients about its risks, encouraging responsible use and risk management. XM provides quick execution speed, ensuring that orders are filled promptly, reducing slippage and enhancing trading accuracy. XM adheres to stringent regulatory requirements, fostering a secure trading environment and protecting client interests.
  10 Aug 2023  
Outstanding broker services. They have good performance overall. It is a good trading broker to deal with. Withdrawals are always smooth and customer service are prompt. I am just a bit worried on pricing but all worth it. If I am to choose and recommend a broker. I would always go for this one. For about six months, I get surprisingly good profits and experience great services. Smooth and easy withdrawals. I've been dealing with them for a few months and had several withdrawals and all are fast. A bit strict on verification but no long wait on my money, I get it on time.
  9 Aug 2023  
The impressive aspect of XM broker that truly caught my attention is the extensive choice of account types they provide. They have carefully crafted each account to accommodate diverse trading requirements. For those deeply engrossed in cryptocurrencies, the crypto account serves as a perfect fit. On the other hand, traders who prioritize swift order execution and engage in scalping will find the Standard and ECN accounts to be their ideal options. Opting for the Standard account not only ensures narrow spreads but also eliminates any fees linked with it making it an exceptionally cost-effective alternative. The broad spectrum of choices and adaptability offered by XM has genuinely garnered my appreciation.
  7 Aug 2023  
Outstanding customer service. For the past two weeks of using the services, I find it satisfactory. Wishing for a quick and simple withdrawal as well. Wonderful performance! Trades are simple to execute and frequently quite rewarding. Well done, brokers! I would advise you to choose this broker if you are attempting to decide which forex broker to use from the options offered online. They have speedy withdrawals, extremely accurate signals and friendly customer service.
  5 Aug 2023  
I wanted to supplement the old review, but I didn’t find it, and okay, I decided to write a new one. Well, I may repeat myself again, but XM has everything you need to trade. There was a time when I did not trade for a long time, I even got bored. Then I returned to trading. The broker did not disappoint, the account is in order, detailed analytics are available every day. The best part is that the broker does not have hidden commissions, both for replenishing the deposit and for withdrawing funds. And everything always works stably, both before and now. Keep it up. Trading with XM brings me from 500 to 700 US dollars a month. I trade on a regular basis. Happy trading everyone!
  18 Jul 2023  
Skilled forex brokers. The signals are reliable and services are good. I get decent trading profit and I am fully satisfied with the services. Brokers are skilled and professional. They are dedicated to help traders like me succeed. Accurate market forecast most of the time. Reliable trading signals and accurate market news. I can fully trust them, they're good in helping me gain profit.
  4 Jul 2023  
How do you get the signals?
Somba   2 Aug 2023
XM scammed me twice. Any day I make a huge profit, they close my account and take all my money. Without any reason. First time I thought I did something wrong, second time, I knew it’s a scam and this is how they operate. I wished didn’t trade here. They let you invest for them then close your account while trade is open, take all your money in your account and they don’t response to your emails and calls.
  21 Jun 2023  
All XM Reviews

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