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EUR/USD
1.2021
GBP/USD
1.3854
USD/JPY
107.928
USD/CHF
0.9169
USD/CAD
1.2492
EUR/JPY
129.7357

XM Review and Information 2021


XM Information and Review XM
Registration Register now
Rating 83 %   17 %
Reviews Rating
Status
Regulation ASIC, CySEC, IFSC
Trading software MetaTrader4/5, XM Webtrader
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) and XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/106). Our clients benefit from direct access to the financial markets in over 300 financial instruments. 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 with transparent real-time pricing, lowest spreads, and flexible leverage.

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

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.

Pros

Broker review


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, RUB, SGD, ZAR

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

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

Contract size (lot)

1,000

100,000

100,000

Minimum Initial Deposit

USD 5

USD 5

USD 100

Maximum Initial deposit

USD 100,000

USD 100,000

USD 100,000

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

Spreads


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.

XM Trading Information 2021


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 hour trading
Scalping
Hedging
PAMM
Digits after the dot in quotes 5
Minimum position size 0.01
Pip spread on majors 1-1.9
Spread Type Variable
Maximum Leverage 888
ECN, $
STP, $
Standard account, $ 5
Mini account, $ 5
Popular payment methods Multiple Local Payment Methods Available
Account currencies EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR
Available assets Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs
Languages support in 29 languages: Arabic, Chinese, English, French, German, Greek, Indonesian, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Swedish, Malay, Thai, Vietnamese
Platforms MetaTrader4, MetaTrader5, XM Webtrader
Broker type Broker
Regulation ASIC, CySEC, IFSC
Foundation 2009

XM Reviews and Comments

XM is a big scammer, I traded their R347 bonus and made R500 profit, yesterday I tried to withdraw it and today I just got an email telling me I have violated some rules.
Mpho   2 Apr 2021  
I used XM. they have $5000 belonging to me, when I try to withdrawal they email yearling me I havn't meet the requirements. That my balance needs to be $10000 before I can withdraw. has anyone ever retrieved their money?
Lisa Amers   12 Apr 2021
Absolutely a fraud broker. Stop losses don't work. I had put a stop loss and it slipped 20 pips past my stop loss 20 pips and had the money taken. You cannot win as they push you out of you positions.
CW   3 Mar 2021  
That is normal in forex trading. It also happens when you set tp. With experience, you would know that it's not a fault.
Chikadibia   14 Mar 2021
Xm is total fraud. They take all your money during trading and crash fake stock online markets until your account balance is negative. That happened to me, I lost 10000$ in 2 minutes. after my total stock balance is zero, market again go to original position in 2 minutes. highly recommended everyone to stay away from these cheaters and make complaints again them.
Tallal Ahmed Japan   23 Feb 2021  
I worked with XM since last 3 years. Never faced such problem. Yes, you may have used maximum leverage to open trades and entered at a wrong time. There are timing slots, when even experts should avoid taking trade in market. And there are timings after which if you enter, you hardly book a loss, unless really do something very hardly.
Syed Razi Uddin Ahmad   25 Feb 2021
Been doing forex trade for quite some time now with this trader. Easy withdrawal and if you made a good judgement on a transaction, the profit will be up for taking immediately. Good place for intermediate to advance trader, just wish if they can improve on their graph. A bit hard to read and predict.
Zahir   4 Feb 2021  
I can't trust xm anymore. I deposited money and I made so much money but when i wanted to withdraw they said I have violated the rules. I don't recommend xm anymore amd they took all my money.
Halati maxwell   29 Jan 2021  
I've been trading on XM and there trades lag whenever I have made profits that are half the money I used to fund my account. The lag is for a minute or two. By the time the lag ends i would be in the red- with a blown account. I'm shutting down XM. XM trades against you.
WH   28 Jan 2021  
They took money without my permission send via BTC to another account that is not belong to me. Choose very carefully your broker, I do not recommend to use XM.
Faruk   24 Dec 2020  
I made a withdrawal over a week ago and i still haven't received my money in my bank account. but The deposit takes a mater of few seconds to happen. i'm very unhappy with that i can't get money back now. called the bank and they said no money has been sent to my account from XM. stay away from this broker. it will end in tears.
Thabanag   24 Nov 2020  
I wish I came to this review site before I started trading with with those scammers. I was trying to withdraw R1800 today and was told i violated rules. They use people to trade for them and steal their money when we try to make withdrawals.I wanna sue them or something. Why aren't we doing anything about this we all have the same complaints.

Mo   8 Jan 2021
XM for me is a genuine broker. First they offer 30$ bonus and trust me this is the best in the industry since they have a very few conditions to meet for profit withdrawls. second, They dont charge any % for all deposits and withdrawals and moreover the withdrawal are very fast as compared to other brokers. They have a very huge options for CFD tradings. Overall, I have used XM for 5 years now and I am a very happy client. I also use FxPro and HotForex sometimes, they are also better.
Sanjog   24 Nov 2020  
They will offer you a free $30 no deposit bonus and the account become profitable you will received an email that you violated rules without an explanation. If you asked their chat agent you ended up talking to a robot.
Jess   23 Nov 2020  
Please read the T&S properly,
Sanjog   24 Nov 2020
I got the bonus traded and made $61 profits then the moment I withdrew it I got an email that said I have viloted section b of the terms and conditions of the broker.

philani   29 Nov 2020
All XM Reviews

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