XM Reviews and Comments – Page 4

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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

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I haven't recieved my withdrawal, it's been a whole week (7 days) now. XM isn't a trustworthy broker for real. The transaction says "approved" but there is no action that has been made. they're 100% scammers.
Siphiwe 30 Oct 2020 Reply

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Siphiwe, did you finally get your money? Your response is crucial because I want to fund.
Forex Gump 15 Nov 2020

I withdrew my money and xm decided to terminate my account and took all the profits I made now I have nothing on my platform. Xm is a broker you no longer have to trust.
Sarah 29 Oct 2020 Reply

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I would like to warn all South Africans about XM. I made $750 from that $30 promo when I sent withdrawal request my account was freezed and I was told someone close to my I.P (let say it was my neighbors) uses XM too, my question is how do I avoid this? So must I go around and tell neighbors not to use my broker?
Parol 14 Oct 2021

I withdrew 2 times, I did not receive my money even today.
sithembiso 23 Oct 2020 Reply

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Try withdrawal using the "local bank transfer" option, it's works for SAn bank accounts, you won't regret it.
Pieceofmind 23 Nov 2020

XM closes my trades while I'm still making profits.
Pablo 19 Oct 2020 Reply

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I have deposited my money in xm. But in trading sl and tp don't work. They guide to use lots from 0.10 and above no low that. Bad broker ever.
Max 16 Oct 2020 Reply

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Xm didnt't allow me to place more than 2 oders. stop loss doesnt work, even take profit.
Western 7 Oct 2020 Reply

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Xm closes my winning trades, bad broker, don't trust them.
Rafikie 2 Oct 2020 Reply

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Xm automatically closes all your winning trades, but keeps your losing trades running. Run away from Xm.
Manolis 30 Sep 2020 Reply

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Have been currently a xm client for a year now. I am disappointed. with xm I have blew my account for the 10th time but with my other broker I am making profits. when I ask them what's going they say they are not incontrol of the market. I have been losing since i used xm. it looks convinient but its nonsense broker. they manupulate the market. You dont make profit with xm. Can someone please help me report this, am fed up.
Angry client 29 Sep 2020 Reply

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Where are you trading Angry client? Which other broker?
Imran 29 Sep 2020

Bad broker ever. I have been waiting for my account validations for over 6 days now. but my deposits took less than 5 mins to proceed and again. their support team takes more than 24 hours to reply your complaint. do not use that broker!
Bless 23 Aug 2020 Reply

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Never deposit while waiting to be validated you might be declined and you will never get your deposit.
Yamkela 23 Sep 2020

XM is most fraud broker I ever seen. I deposited two times but they never add that money for trading. I contact them by mail but they denied that they got payment. My bank told me that payment transfer into their account successfully. I am very upset becouse of this fraud. Don't trust XM.
Deepak Sharma 29 Jul 2020 Reply

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Well then you need to ask your bank for the code numbers for investigation and send it to XM to open a investigation that will take only a few days.
Filipe Pereira 1 Aug 2020

I feel you they emptied my account this morning.
christian 7 Jun 2021

Don't trust the XM. they will never add your money in account. I deposited two times but they denied. Transactions was successful and I sent them statement more than 5 times but they stole my money.
Deepak Sharma 29 Jul 2020 Reply

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I've been using xm for years but I haven't encountered any problem with my deposit nor withdrawal.
Lyn 7 Sep 2020

Same here! I've been doing the same thing now from half a week. They have no intention of refunding my $500.
Sachin 21 Oct 2020

XM is not a good broker at all. just yesterday I tried to withdraw my profits from the $30 credit and they rejected it. then later sends an email advising that i have violated the terms and conditions of the bonus "Participation of Intermediaries/Related Parties" in the "No Deposit Trading Bonus Scheme" is prohibited. If the registration and/or trading data of a participant in the "No Deposit Trading Bonus Scheme" corresponds with the registration and/or trading information, including but not limited to the IP address, of another participant in the "No Deposit Trading Bonus Scheme", XM reserves the right to regard this matching as a reason for immediate disqualification. now why is this not mentioned while I'm busy trading? I have asked for proof of violation and nothing. I've never had a bad experience with brokers before. XM takes the cup.
Hloni 21 Jul 2020 Reply

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Same thing happened with. I asked them attach proof of the violation that occurred. Cause I've never any information with anyone, how can they proof I did that. They should give proof of how they concluded I shared any kind of information. They keep sending me an automated email saying: Dear Valued Client, We thank you for choosing XM as your trusted broker. Regarding your concern, please have in mind that you received an email from us explaining the status of your account, and we kindly ask you to check that email and to have it in mind for further information. Should you have any further questions, please do not hesitate to contact us. Wishing you a great day and successful trading! This is all they've got say. None of my questions are answered. They are scammers of life this one. Do not trust this broker at all
Miss P 14 Oct 2020

Many bad reviews are from ignorant lazy people. I've been with xm for 1.5 years and I prefer it. I withdraw into my bank in 2 days with no issues. I do what i want in my style and no issues. The only thing i dont like is that here in Indonesia a lot of forex websites are banned even if well regulated. Even with vpn sometimes takes a few tries to open website, makes you think the broker went down. XM is involved and legit. Be informed and stop whining.
Jo 16 Jul 2020 Reply

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Don't think because you haven't experienced problems yet with xm and now other people's complaints are not legit. Stupid!
Baruch 7 Oct 2020

People from different countries are treated in different ways there. May be that's why many are facing these problems.
Sachin 21 Oct 2020

So how do i get my money from this broker. I placed a withdrawal request twice and deposited again just to prove I'm not a robot, yet its been 5 days now and no new notifications. My money was deducted and yet hasn't arrived in my wallet.
Tycoonb79 29 Jan 2021

I don't know if this broker is a scam, I almost had open account in XM, but after reading lot reviews, a lot people complain about, actual this broker seem kinda popular and genuine trustwith, have a very good webpage and all, it seems 100% legit! if lot people feels scam by this broker, how comes it still legaly and operating after 10 year of existence, kinda strange in my opinion, but I still got my doubts and after reading lot complains about it, and decide not open an account in this broker!
Adrias 7 Jul 2020 Reply

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I'm thinking of opening an account. XM should respond to all complaints and be transparent.
Gilbert 3 Oct 2020

To those who claim to be happy with XM, why aren't you sharing your methods of withdrawing funds from trading accounts to bank accounts without having issues, which is the most mentioned issue here.
Disappointed trader 22 Jun 2020 Reply

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The problem is not from the broker or the bank who didn't accept the withdrawal, but I Talk with them and I got it most of time they don't accept ot just like that from first time.
Ayman 3 Nov 2020

Hi, I have been trading with XM over 1.5 years now and I'm happy. So far I haven't had any problem with them be it deposits or withdrawals. I'm using visa prepaid card. Hope this help.
Eamy 20 Jun 2021

Thanks for all the honest reviews, I was about to open an acct in XM, until I read all these bad reviews, I would suggest to report these to the Regulatory Authorities.
Guest 14 Jun 2020 Reply

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I was recently scammed by XM. I am a first time Real Account Trader and XM was recommended if you want to start off risk free. Ive done my due dilligence but XM was 50/50. I tried withdrawing to my Skrill Account but i had complications with Skrill so i had to cancel. I tried to withdraw again and all my money was gone. I get an email saying things i literally dont understand. Dear Valued Client, We are contacting you with reference to your account(s) no. 57048994,4875388 (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.

Collins Echefu 10 Jun 2020 Reply

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when you make profit they will send you emails you won't even understand telling you that your trading raise some concern and they are closing your account and you won't even get your profit only initial money. I will not recommend this broker to anyone.
Guest 24 Jun 2020

Thanks for the people giving comments based on their experience. I am looking for some honest broker, and its difficult to find one. Mostly I see all the brokers are cheating someway or another, eiher in spreads, or in charging, or in withdrawals and reluctant to give you back your hard earned money. Can any one suggest good honest broker here plz. Appreciate it.
Imran 29 Sep 2020

Xm is one of the best brokers i know. i've been using them since 2015 and i'm a profitable trader. all brokers have stories but xm ena de less drama. i love you xm you made me who i am today.
linda 27 May 2020 Reply

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I'm so disappointed on xm. I requested a withdrawal on 24/09/2020, it's been 2weeks I still have not received the money.
Sibu 7 Oct 2020

Xm is a very bad broker, when it comes to withdraws they only give me the money i deposited and leave the profit i made.
Pfanani 23 May 2020 Reply

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I made a withdrawal the beginning of April till this day I haven't recieved my money
Riley 18 May 2020 Reply

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Customer service is shocking, they refuse documents for Account validation then don't tell you why they refuse, you send them a email and then you get a computer generated reply! more then willing to take the deposit but you cant trade or withdrawal until you have validated your account!! I sent the same documents to my offshore bank and they accept but XM. They take 24 hours to reply to one email so make sure it has all the information you require.
guest 17 May 2020 Reply

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Never trade gold with xm. they freeze the price just has you about to go into profit by 6 pips and release when price is back. I did record it live next to another platform of mine. they refuse to give me answers. bad broker only good for taking your money fast.
Epic 10 May 2020 Reply

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I scalp Gold on m1 and m5 in illiquid times on xm and besides possible low internet connection, this has not been a problem for me.
Jo 16 Jul 2020

XM is the worst broker i've ever experienced. These people claim to be the most legitimate company with so much awards but if you haven't used it yet I advice you with all my heart to stay away from them. First the deposit is one of the most fastest way I've seen & takes only 1 min. But withdraw to give you back your money is another story. I've withdrawn money after talking to them via Live Chat asking if I can withdraw using alternative methods, they said I can only do that if the money is profit above the initial deposit. Last week I withdrew 2 times but it never used the alternative method but instead they sent me an email saying the money is sent to bank. They claim it takes 2-5 business days. This is the second week complaining about my money with no sign of arrival what soever. When I try to chat them, they try to give me unnecessary reasons just for you to give up on your money. I claimed for my account manager to call me he refused to call at all. Up to this day idk what to do my money disappeared out of nowhere. The most saddest part is that I still have funds on their trading accounts that I truly want to remove from there as fast as possible but I cannot because two withdraws haven't even arrived to my bank yet. XM, you're not doing business in a professional way, you don't want to lose a single penny from your accounts. But guess what? I will not tolerate this, I will not give up claiming for my cash, I'll do whatever necessary wether legal or illegal to get my money. Do not think clients can just give up their money just like that. You'll not rest until you get to do your promises and business right. Once all my funds are out of your hands I'll leave you in peace. I sincerely regret working with you and I advice any other new client to not deposit because once the money is there, the return is almost to impossible. This review is from the bottom of my heart as a client for 1 & half year. My review is clearly below zero.
Manzi Emery 27 Apr 2020 Reply

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Guys I want to thank you keep it up with good works, deposit and withdrawals are fast I am enjoying to be part of xm. I love you keep up nd I'm giving you 5 stars
Mfanafuthi Ngcobo 26 Apr 2020 Reply

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I have a question rather. did you get your withdrawal after making profit on the $30 bonus?
Sebenele 17 Nov 2020

I have lost my money because of these crooks, I have a proof of the scam.
Franics 21 Apr 2020 Reply

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I've made withdrawal. till now I didn't get my money.
Josius Tshabalala 18 Apr 2020 Reply

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does xm have Nasdaq?

jonathan 8 Apr 2020 Reply

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Yes they do, US100.

Takalani Nkangane 22 Jun 2020

XM is a great broker. I was put forward a request for withdrawal and within a stipulated time, I received alert concerning the payment. Weldone guys
Felix 16 Mar 2020 Reply

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XM Group (XM) stands as a conglomerate of online brokers, meticulously regulated and dedicated to providing a plethora of trading opportunities for investors globally. The inception of Trading Point of Financial Instruments Ltd in 2009 marked the beginning of XM’s journey, subsequently...

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