XM Reviews for 23 October 2021

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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.
Adusei 14 Oct 2021 Reply

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.
trader 14 Oct 2021 Reply

I get the same automated email from their support team which is basically robots, that don't understand the human nature of losing money.
Thulani Nxumalo 13 Sep 2021 Reply

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.
Thulani Nxumalo 13 Sep 2021 Reply

If I find my XM account with 200 dollars and I want to withdraw 50 dollars from it, is it allowed?
Prince 6 Aug 2021 Reply

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.
Jo 4 Aug 2021 Reply

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.
Abdullah 28 Jul 2021 Reply

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.
Bhoy 14 Jul 2021 Reply

Today I received my money. Thanks XM, although it took 9 days. I would recommend you to withdraw or deposit through instant method only.
Afaq Khan 9 Jul 2021 Reply

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.
Afaq Khan 6 Jul 2021 Reply

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

I was interested in using XM as my broker but after reading all these reviews, I'm now sceptical. Approximately 90% of the reviews are bad and XM don't even bother to respond to them like other brokers normally do.
Sandile 4 Jul 2021 Reply

Those who use high leverage in XM should be very careful with the spreads opened at night, every trade that is 200 pips away from the SL point becomes a stop. The spread, which is 7 pips during the day, goes up to 100-200 pips at 00:00.
H.B. 29 Jun 2021 Reply

This is the reason I went to check their reviews. My profit was floating and I am confused cos no candle came close to my stop but I'm stopped out. I think I leaving them because of that. They can't do this. We can't hold for days now cos of this. I am so disappointed.
Lloyd 29 Jul 2021

Never use this broker, you wont be able to withdraw. It's 3 weeks since I made a withdrawal request and I recieved nothing. Don't fall for this scammers.
Sithe 9 Jun 2021 Reply

Have you received the money till now?
Felix Kenneth 28 Jul 2021

I came here before trading with XM to check out reviews but I took my chance and traded with them coz I had no money. I traded the $30 bonus to a profit of $110 & I decided to withdraw $20 to test the waters. On 17/05/2021 I placed my withdrawal & seven days later I still got nothing. So I send an email to support on 25/05 & on 26/05 an account manager called me to further verify me by asking me a couple of questions coz he said I did not deposit before. 27/05 I got my $20. As a new trader I am over the moon. I am not promoting XM or suggesting anybody to use it but this is just my story. If you decide to take a chance with the $30 bonus make sure to carefully read their Ts & Cs.
John 27 May 2021 Reply

Xm is the best I traded with their $30 I was on -15$ then after I made $56 then I decided to withdraw $36 just to test the dollars within 24 hours the money was in my account. Let's say Danko.
Alie 3 Jun 2021

Don't even download their app, you will trace with their "free" $30 but when want to cash out they take all of it, even the profit you made, I made over $700 in days of trading when I wanted to with draw a lousy R300 next morning my account was empty, then you have to deal with the snotty costumer service that still has a bagel in his mouth. which lead me to uninstall. Don't waste your patience and hard earned cash.
christian 7 Jun 2021

I saw a lot of comments saying that XM is scam. And I had just started trade with XM. But after I search on Google. I realise that there is 2 website, one is xm.com another is ***. Can I know who can't withdraw which website you guys using?
Aaron 21 May 2021 Reply

XM Global, in their emails, state that they trade under the trading name XM. I think it's the same.

Faith 30 May 2021

they own both websites. one catches the novice and one catches the high roller. most companies like this own their opposition or competition. two heads one stomach.
christian 7 Jun 2021

I make deposit and it became OBT. then they askad a lot of details. what a lousy service.
Jebat 18 May 2021 Reply

I won 78$ in trading with xm, but later I opened metatrader5 in my phone and I saw I lost all money and the balance was negative. so I complain about this fraud xm trading app.
Amit 10 May 2021 Reply

All the bad reviews about XM are lies or maybe you guys just sign up with XM that it's not real. I am a forex trader XM is my broker I haven't been scammed about them and I have 6months bring their clients. You guys just signed up with the wrong one.
Neo 3 Jun 2021

I think most of this comments and bad riviews are lies, because people get paid by other brokers to throw thier rivals to the dirt, xm is a good broker, I admit their spreads are a bit high but overall they are good. I think most of the people here giving bad reviews are other brokers' people.
Johnny 20 Oct 2021

Scam this one, I've made a withdrawal three weeks ago and still haven't received my money. XM cannot be trusted, shame.
Karabo 6 May 2021 Reply

Hello. I just want to know, did you get the money you invested or did it not really come to your account?
Wendz 23 Jun 2021

Keep away from this broker, have used them a while snd keep making losses even as making profits with other brokers. Traded without stop for a bit then decided to put two stops; within seconds market rally to my stops and reverse. Better go pay a commission to reputable brokers than this.
Tank 5 May 2021 Reply

Very true xm makes sure you lose more than you win. I just dumped this broker when I trade with a stop loss they hunt it with spread and when you don't use a stop loss they widen their spread so u won't hit tp.
Larius 2 Jun 2021

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 Reply

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

I used XM. someone taught me to use it. after depositing many times and trading when I tried to withdraw my funds it says I have to pay the 20% tax. when I paid it the customer service says I have insufficient trading record so I tried to trade again. when I tried to withdraw again it's successful but still the customer service refused my withdraw, says someone is using my account. maybe others have the same xm platform. I think it is a scam different from the xm which is legal.
May 25 Apr 2021

Seems like there 2 XM brokers. I don't know how to differentiate them. One who replied (May on Apr. 25, 2021) described a typical scam situation: request to pay commission for withdrawal that constitutes a sure extorsion. She should report them and file a complaint. So should do everyone with a valid complaint.
LenS 26 Jul 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 Reply

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

Same thing happened to me and my account blew they don't care about stop loss and tp.
Larius 2 Jun 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 Reply

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 Reply

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 Reply

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 Reply

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 Reply

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 Reply

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 Reply

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 Reply

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

I opened a standard account with xm and the spreads for currency pairs are way too high. then I opened an ultra low account still all I see is fixed spreads but when you review their services they say they offer tight spreads.
Kevin Rakuba 12 Nov 2020 Reply

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...

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