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XM |
| Registration | Register now |
| Rating | 83 % 17 % |
| 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 |
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 (000261/106). 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 CFDswith transparent real-time pricing, lowest spreads, and flexible leverage.
We value business efficiency – this is why we regard speed and fairness as crucial.
*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.
Pros
up to 888:1 Leverage.*This leverage is not available to all the entities of XM Group. Leverage depends on the financial instrument traded.
8 Platforms, including MetaTrader4/5 and webtrader
Deposit Bonus up to 5 000 USD.*Clients registered under the EU regulated entity of the Group are not eligible for the bonus
Webinars
Tutorials
Account Funding 100% automatic
IB partner program with tailor made solutions for every partner
Minimum deposit is only $5
Tight forex spreads
Currency converter available on official site
Comfortable and safe trading
Strong selling points of XMfocus 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 |
|
Maximum Initial deposit |
USD 100,000 |
USD 100,000 |
USD 100,000 |
|
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
Trading Point of Financial Instruments Pty Ltd is authorized and regulated by ASIC (AFSL no. 443760).
The full information can be found here: http://www.xm.com/regulation
Trading Point of Financial Instruments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10)
Trading Point of Financial Instruments Pty Ltd is regulated by the Australian Securities and Investments Commission (ASIC 443670
XM Global Limited was established in 2017 and is regulated by the International Financial Services Commission (000261/106)
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 | |
| PAMM | |
| 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
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
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
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 $10000 before I can withdraw. has anyone ever retrieved their money?
Lisa Amers 12 Apr 2021
I used XM. someone taught me to use it. after depositing many times and trading when I tried to withdraw my funds it says I have to pay the 20% tax. when I paid it the customer service says I have insufficient trading record so I tried to trade again. when I tried to withdraw again it’s successful but still the customer service refused my withdraw, says someone is using my account. maybe others have the same xm platform. I think it is a scam different from the xm which is legal.
May 25 Apr 2021
Absolutely a fraud broker. Stop losses don’t work. I had put a stop loss and it slipped 20 pips past my stop loss 20 pips and had the money taken. You cannot win as they push you out of you positions.
CW 3 Mar 2021 Reply
That is normal in forex trading. It also happens when you set tp. With experience, you would know that it’s not a fault.
Chikadibia 14 Mar 2021
Xm is total fraud. They take all your money during trading and crash fake stock online markets until your account balance is negative. That happened to me, I lost 10000$ 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
All XM Reviews