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XM Review and Information 2021

XM Information and Review XM
Registration Open Account Now
Rating 80 %   20 %
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. 74.07% 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 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
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

They are complete scammers. I deposited smoothly and traded smoothly until withdrawal. I wanted to withdraw just $600 from my account via the same deposit method. they told me 5 business days and it been more than 15 business days. Anytime I send them a message they tell me same thing. They will send me ARN codes. And depositing they never told me about ARN but withdrawal they are telling me nonsense. Never trade with them. $600 is nothing to some people but in my country teachers receive just $150 as salary per month.
  14 Oct 2021  
I made many deposits and many accounts with XM, now I realise all accounts at the end still red around -600 my loss. So can you imagine all of them is thousands thousands, XM is a scam company, for many years I never get my money back. Loss and win. You don't know what they do to your money. Now you look their ultra account, years ago min depo was 50 usd, now become 5usd. you know why? They almost shortage money and drop. All customers are gone.
  14 Oct 2021  
I get the same automated email from their support team which is basically robots, that don't understand the human nature of losing money.
  13 Sep 2021  
Xm is a scam, the service is poor they can't even help you, when you the client needs them, do not use this broker.
  13 Sep 2021  
If I find my XM account with 200 dollars and I want to withdraw 50 dollars from it, is it allowed?
  6 Aug 2021  
I read most reviews here have difficulty to withdraw money. So yesterday I tried to withdraw $20, this morning already deposited to my bank account.
  4 Aug 2021  
I would like to show you how XM is a very bad company. I have invested more than 12000$ and they closed my mothers account and agreed to return the deposited amount (not received yet) and they took the profit on it while on my account they took another procedure to close the open trades and give me what ever is left they are just doing there best interest taking two different procedures because they are asking for hard proof to provide even if I was using XM for more than 6 months.
  28 Jul 2021  
not to be trusted. it's about the 4th day they been promising to credit my account with the 30 dollar bonus and they are now telling I'am not eligible even if I had provided accurate info.
  14 Jul 2021  
Today I received my money. Thanks XM, although it took 9 days. I would recommend you to withdraw or deposit through instant method only.
  9 Jul 2021  
I did my withdrawal on 26th June, 2021 yet it is not transferred in my Bank. XM has shattered my trust, I will not recommend this broker to anyone ever.
  6 Jul 2021  
Hello everyone today my cash has been deposited in my Bank. Thank XM. Although it took 9 days, I will suggest deposit and withdrawal through instant method.
Afaq Khan   9 Jul 2021
All XM Reviews

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