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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
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 Financial Services Commission (license number 261/309). 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. 78.17% 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 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, 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, FSC
Foundation 2009

XM Reviews and Comments

Be cautious when trading with xm as a broker with a lot of capital 500 USD. last year I deposited 2000 USD to my xm account and started trading, one month later they send me a mail saying there was a complain to my deposit and threaten to close my account. I called them and later I was able to withdraw some of my money two days later they sent an email about terminating their services with me my account balance was 549.1usd .They told me I had to withdraw all the balance of which I did but to the worst they didn't credit the money to my mobile money provider. I emailed them telling them that I haven't received the funds and I was told to wait for one week for the money to reflect, immediately they closed my account one week later I told them that I haven't received the funds.To my surprise the told me to call my Mpesa service provider to help me get the fund. I called my mpesa provider who said that xm didn't push a pay to them. I have been trying to contact xm since then and they don't even reply my email.They scammed me 549.1 USD.
  2 Feb 2023  
Be careful of clickbait VPS promo on XM Global. Terms and condition of my request are not met, they approved my VPS request. Took my money without confirmation. Live chat was suck and not cooperative, not giving member solutions.
  3 Nov 2022  
After six years I'm using this broker not having problem at all, but now XM is manipulated the price using spread.
  22 Aug 2022  
XM Trade manipulation - when your in winning trade your gain pips is terribly low, but when your in losing trade the pips lose is gigantic.
  5 Aug 2022  
Beginner here sir. That's what I observed after two weeks. When you are at peak in winning the pips is low but when you lose the pips is more higher.
Rose   23 Aug 2022
With that 30 USD can I withdraw the profits made from it or it's just another scam?
  3 Jul 2022  
No deposit bonus they will allow you to make money for them and claim you broke a rule. This is the biggest scam company, please use reputabke brokers. This is the worst broker check reviews, don't trust them with your money they stole my profit.
  24 Jun 2022  
After collecting dollars, they had a trading session. After one coaching session, they cannot be contacted.
  13 Jun 2022  
I'm not sure how this broker is even regulated, they keep losing client’s money claiming that its missing. Withdrawal is such a huge issue already plus their spreads are so high.
  10 Jun 2022  
Withdrawal is an issue. I'm being told that my account manager will be contacting me. Yet after two weeks, that manager still dont contact me. So I stopped trading with them. I'm amazed how this broker can still be licensed.
  6 Jun 2022  
Very high spread, this affects smaller accounts like mine. Not a broker for me. Customer service also average. Hope I can withdraw to another broker soon.
  3 Jun 2022  
Crypto margin is so low yet high movement will flush your account really soon.
  27 May 2022  
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  
I had the same issue they scammed me a total of 549.1 USD. Stop trading with xm. how does withdrawal get missing I have been trading with them for 2 year.
Samuel kingori   2 Feb 2023
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  
Totally agreed, they will send email with random reason to close the account. Whatever they listed over there is really not applicable to me. I'm the only one trade by using my own phone, how is possible to share with others, and even make me confused is arbitrage trading, which I have no idea what that means. That's their email: Dear Valued Client, We are contacting you with reference to your account(s) no. 67807350 (“Your Account(s)”) at XM Global Limited. The trading patterns in your Account(s) raise serious concerns regarding the credit bonuses we have granted to your Account(s), since these were used for ‘cash-back arbitrage’ activities. Pursuant to the Terms and Conditions applicable to our credit bonuses, the following activities are qualified as follows: Any form of arbitrage trading; Bonuses claimed by multiple Accounts that were registered from the same IP address; Various practices of bonus manipulation; Breach of any points included in our bonus Terms and Conditions; Any fraudulent activities, disputes or situations that our Management considers as fraudulent. Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to, (i) close your Account(s) with Trading Point, (ii) to nullify all trades carried out in your Account(s) with Trading Point, and (iii) to cancel any and all profits or losses garnered in your Account(s) with Trading Point. 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, there will be no further correspondence on this matter. Yep, I can confirm that, I did manual trade, no robot, no nothing, managed to get $400+, a few minutes after withdrawal request, suddenly get this email. Reached out to livechat, they dont bother to explain what I did wrong, obviously scam broker, after profit, they will just kick you out.
Joey   15 Dec 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  
This wasn’t Xm support these were scammers that contacted you saying they are xm while they are.
guest   1 Jul 2022
All XM Reviews

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