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XM Review and Information 2022

XM Information and Review XM
Registration Open Account Now
Rating 91 %   9 %
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
Share

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. 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, low spreads, and flexible leverage.

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. 73.03% 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, 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

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

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 2022


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
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

I made a withdrawal of 40 USD on 16/04/022 and still now on 22/04 it didn't yet reach on me even though it was supposed to reach on me the same day as long as it was via mobile money.i communicate with the on live chat and E-mail and they tell me they are investigating on my missing money. I have used it for 1year and it's the first time with this issue. Pay attention!
  22 Apr 2022  
XM have withdrawal problem, under maintenance over one months, support not responsible, be careful.
  7 Apr 2022  
They get you to send all your personal details and "give" you $30 and if you make a profit as I did ($450) you can't withdraw it because then they close your account and take the profits for them. Stay away!
  5 Apr 2022  
Well I was contacted by XM global representative who told me to invest 150 and in return I would get back $7670. Afterwards I was asked to send in 298 to be paid to The IRS. I was asked to give different amount of money for various reasons. This was done through different cashapp tags. Before my eyes were opened I was scammed out of $3000 dollars.
  26 Feb 2022  
Scam. I'm using it for 2years. They play by spreed when your margin leavel goes under 100. After closing the position price move like what you expect. They play with 1 dollar spreed where the big position will close and after that price is normal. After 2 years of trading with this company I advise you to do not trade with. Try to find fixed spreed company. This is my advice. What ever money you will make you will lose. They have special servers where strong trades moved to start play with the price. I already closed my account this year. Forget about it.
  17 Feb 2022  
Yes, this is true. I also notice this when my account is below the $100 level. I even compared XM Charts with other brokers and XM Hit already my SL Area compared to other brokers, I think its the spread goes from 35 pips to almost 64+ pips then boom, my account was closed.
pendelamon   18 Feb 2022
So true. I have noticed the same thing. Where ever you set a SL and TP, seeing the market going in a certian direction, your TP suddenly becomes the resisitance, candle tail breaks SL and after the trade closes out then everything atarts going in the expected direction to break previous TP. Wierd, happens everytime. Untrustworthy be it a scam or not.
Marly   6 May 2022
Someone working in XM stole my deposİt. I have deposited a week ago. One day I couldn't open my account and I couldn't login to client portal. They erased my account. Yes they erased it. Now when I asked to client manager they told me it is a normal situation. I want a solution. If someone read this from XM's team. Please reach me!

  27 Jan 2022  
Same thing happened to me. When I restarted my phone. The money I deposited was gone.
Shamz   24 Feb 2022
This broker been good but now things have changed, I deposited but my money never appear in my xm account, they told me to wait 5 days but it worse now. I'm leaving xm. Be wise when choosing brokers.
  17 Jan 2022  
Firstly with the bonus 30 dollar or 347 zar made over 2900 in profit and tried to withdraw. They just took the money themselves from my account and did it to a friend.
  11 Jan 2022  
Xm is really trustful broker, since I have joined or opened account XM, I didn't have problem withdrawal, or anything else, xm support agency are ready 24hrs to help, and they are very friendly, I am happy to be trader at xm broker, and I will be for ever.
  1 Jan 2022  
I have real evidence of them manipulating prices, leave alone having problems with withdrawals. Just be warned, I wouldn't recommend it to anyone, but until yesterday it was my best broker. Seems like I was being welcomed.
  23 Dec 2021  
All XM Reviews

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