XM Group | In Depth Review Of Global Broker XM

With widespread services for trader’s; novice to expert level. Whether you are an expert trader or just starting out and learning the staircases or even if you’re an occasional trader looking for an efficient platform, XM could be a solid choice in the ac
( 1 )
All major platforms available
Regulated Broker
U.S. Clients
All common payment system available

With a vast reputation as an online forex brokerage, XM is a favorite destination for many forex traders from all over the globe. Since established in 2009, the broker earned many traders' faith as we can see from several online reviews. They got less than 4 stars from some traders too. Let’s see what is inside?

Well, XM Group 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).

What is XM?

XM is founded in 2009 and regulated by CySEC, ASIC, IFSC. The broker offers more than thousands of tradable assets for their clients and supports the most popular trading platforms like MT4, MT5. The brokerage has its own trading guide and programs for their consumers. The broker has a term for small traders who can deposit as little as 5 USD as the minimum deposited amount. This broker is currently available in 18 languages and offers to start immediate trading. They also has micro/mini type trading prices so traders can trade with ease spreads.

From Precious Metals CFDs, Cryptocurrencies and Energies CFDs the broker supports most used online trading assets like Stocks CFDs, Commodities CFDs, Equity Indices CFDs, and of course Forex pairs.

License & Regulations

According to the website www[.]xm[.]com the financial portal is operated by XM Global Limited with a registered address at No. 5 Cork Street, Belize City, Belize, CA.

  • Trading Point of Financial Instruments Ltd (Lic #120/10) is regulated under CySEC.
  • Trading Point MENA Limited (ref #F003484) is registered under the Dubai Financial Services Authority (DFSA).
  • XM Global Limited (Lic# 000261/106) is authorized by the International Financial Services Commission, Belize.
  • Trading Point of Financial Instruments Pty Ltd (AFSL 443670) licensed under the Australian Securities and Investment Commission.

Type of Accounts

Trading accounts at the XM group are mainly 4 different types. Please note, XM Zero and XM Ultra Low Accounts are not available to all the entities of XM Group”.

Micro

Micro accounts are useful for beginner level traders who do not want to risk a lot of money. You can get start with a lowest deposit amount as low as $5.Well, 1 micro lot is equivalent with 1 thousands base currency price. Available base currencies are USD, EUR, GBP, CHF, AUD, JPY, HUF, and PLN.

Ultra-Low

XM Ultra-Low Accounts are more expanding (1 Standard Ultra lot is 100 thousands units of the base price). Please note that Ultra-Low Account type is not applicable to all entities of the group and minimum deposit volume for this type of account is $50.

Standard

The standard account type is also good place to start with a lowest deposit of 5 United States Dollar. This type of account probably designed FX trading who have such confidence and knowledge. You can have EUR, GBP, USD, JPY, CHF, AUD, PLN, and HUF as the base currency. . In this case, 1 LOT is equivalent of 100K units of the base price.

Zero Accounts

Zero accounts are commission-based trading account types and lowest $100 is the minimum deposit volume. You can have EUR, USD, JPY as the base currency for the account type.. 1 standard LOT values is 100K unit of the base price level.

Tradable Assets

XM offers more than 1000 trading assets to their clients which can be traded on the Meta Trader 4 & 5 terminal and this includes Forex, CFDs, Stocks, Equity Indices, Commodities, Precious Metals, Energies, shares. If you want only forex trading then you have currency pairs as much as 55 counts, including the major currency pairs.

Forex

Stocks

Indices

EUR.USD

Apple

AUS 200

GBP.USD

BP

GER 30

AUD.JPY

LVMH

US 100

USD.CNH

Deutsche Bank

CHI 50

NZD.JPY

Stocks

FRA 40

Commodities

Energies

Metals

Cocoa

Brent Crude Oil

Gold

Sugar

London Gas Oil

Silver

Corn

Natural Gas

Palladium

Soybeans

WTI Oil

Platinum

Spreads & Commission

Trading costs in XM like spreads, commissions vary on account type. For example, the Ultra account offers commission-based trading with spreads as low 0.6 pips while Standard and Micro accounts offer commission-free trading with spreads as low as 1 pip and the average spread for a major pair such as EUR/USD is 0.1 pips. This is how the broker makes their earnings and so the Zero account offers 0 pips spread but commission-based trading strategy applies.

Good to know that the brokerage operates on strict “no hidden fee/commission” system. As such, commissions are for the `XM Zero` only in the context. XM covers deposit and withdrawal transaction fees on their own and same-day withdrawals maintained strictly.

 
 


Min. Deposit

Max. Leverage

Min. Spread

Commission

Micro

USD 5

888:1

1.0 pips

None

Standard

USD 5

888:1

1.0 pips

None

Ultra-Low

USD 50

888:1

0.6 pips

None

XM Zero

USD 100

30:1

0.6 pips

$7.00

Leverages at XM

It is up to the trading asset a trader chooses. “This leverage applies to
clients registered under XM Global Ltd. Leverage depends on the financial instrument
traded and on the entity of the Group

XM Trading Platforms

 

XM has its software for Mac PC, Web, Android, iPhone, and desktop all kind of devices people uses. In other words, they have as many as 8 different trading applications for their clients. All trading platforms provide unique advantages to novice and professionals, as the MetaTrader suite of trading platforms are the world’s most popular method of trading the financial markets. The platform supports stop limit, take profit, as well as 50+ indicators and customizable features via the trading terminal application.

XM Trading Features

Avramis

XM offers a bunch of algorithm-based trading tools from Trader Avramis Despotis. Clients who have access to the Meta Trader platforms account are available to test the feature. These includes the Indicators - River, Bollinger Bands, Ichimoku, Ribbon, and the ADX + PSAR. Please note, to access these features you will need to contact your Personal Account Manager.

MQL5 Trading Signals

Real account clients can use as well as social trading signals from the MQL5 database of signal providers. Also free signals from Avramis tools.

XM MetaTrader 4

The XM MetaTrader 4 trading application has a variety of features for clients, like-

  • Full EA (Expert Advisor) functionality
  • 1,000+ instruments across Forex, CFDs and Futures
  • Social Signals trading
  • 1 click trading exec
  • Trading with inbuilt news functionality
  • 3 chart types
  • 50+ technical trading indicators

XM MetaTrader 5

The XM MetaTrader 5 trading application also has a variety of features like-

  • Economic calendar
  • 300 more additional Stock CFDs
  • Additional order types
  • 75+ technical indicators
  • Market depth

Mobile Trading at XM

You can download the XM MetaTrader 4 and XM MetaTrader 5 apps from Play Store for Android & the Apple App Store for iPhone. Users can also trade on these mobile trading apps through tablets for both iOS and Google android.

Customer Support

You can contact the company via its registered address at No.5 Cork Street, Belize City, Belize, C.A. Or you can contact via live chat on their website through Monday to Friday, also you can make a phone call request or reach through email. The broker spokes at least a dozen languages to their customers. Yet, we can say, they have 24/5 supports available.

Not all of the forex broker is that much serious about their clients. Account managers are dedicated to their clients at XM for both live and demo accounts.

If you’re a client, XM financial experts will help you by following market changes and adapt their trading decisions accordingly.

At a glance-

Broker Offices & Phone Details:

  • 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
    07:00 – 16:00 GMT, +357 25029933
  • 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
  • 07:00 – 16:00 GMT, +357 25029933
  • Level 13, 333 George Street, Sydney, NSW 2000, Australia
  • 24/5 GMT, +612 8607 8385
  • Michalakopoulou 91, 3rd Floor, 11528, Athens, Greece
  • 07:00 – 16:00 GMT, +30 211 7700022
  • No.5 Cork Street, Belize City, Belize, C.A. (24/5 GMT), +501 223-6696

Support Email:

Social Links:

Is XM reliable?

As you can see, XM Broker Group has been regulated by ASIC, IFSC, and CySEC. As per the regulations, the XM Group separates the client's funds from the broker's daily operational accounts so that the trader does not go without an account. Each evening an audit is conducted on all the clients' accounts, increasing the account dependency. I think this broker's internal processes, industry acceptance, and regulatory oversight show that XM Broker is a safe business partner.

Trustpilot Negative Reviews

If you look onto Trustpilot reviews you’ll frustrate after reading reviews about XM. But the fact is not the same as it seems. We see a lot of bad reviews from a single guy. The site should manage spammers from this kind of irritative behavior. Do not trust at all those spam comments but also do not trust all good comments too. A lot of guys lose their capital when trading in Forex. XM can’t cover up someone’s trading losses but if they make trouble with their clients in withdrawing money then this is a problem.

Well if you have difficulty with your account name, address then there is no accusation at all for XM. At ForexVolumes we’re taking care of our investigations as we receive to our inbox. But from general observation, XM is quite helpful for their clients.

Promotions

 

Xm does not offer bonuses and promotions for EU customers due to ESMA that is why all EU clients registered under Trading Point of Financial Instruments Limited and they aren’t allowed to claim such promotions. Well, they can have two interesting offers-

  • Free VPS
  • Zero fees for Funds Deposit & Withdrawal

However, the broker has promos for other customers currently (the moment this review was written)

Please note, Clients registered under the EU regulated entity of the Group are
not eligible for the bonuses and Loyalty Program. Bonuses also depends on the client’s country
of residence

Services not allowed for-

According to their website-

 XM Group does not provide services for the residents of certain countries, such as the United States of America, Canada, Israel and the Islamic Republic of Iran.

Words in Conclusion

XM offers widespread brokerage services to trader’s novice to expert level. Whether you are an expert trader or just starting out and learning the staircases or even if you’re an occasional trader looking for an efficient platform, XM could be a solid choice in the account of trading apps that are easy to use and less complex functions to navigate.

  • Tight Spreads from 0 Pip
  • Licensed in the EU
  • 24 Hour Supports
  • $30 non-deposit Bonus up to $5,000 ** (terms apply)
  • Flexible Leverage up to 1:30 for EU clients (This Leverage applies to clients registered under the EU regulated entity of the Group)
  • The commission given only for XM Zero account types
  • No Re-quotes
  • Faster Withdrawals
  • Personal Account Managers
  • Phone Trading

Participating in the forex trading market via a broker like XM means that the client receives access to real-time pricing of the forex market and is quoted buy and sell prices for a number of instruments via an online trading platform. The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish.

Yup, as the website tells it is real. Though there are too many factors to make a simple decision about a Forex broker. That is why the final thoughts are yours. We can show you the pros and cons of XM and other brokers but what is suitable for you, it depends up to you.

Please sign in to make comments.

You Might Also Like..
  • Trending market news & market moves
  • Forex Forecast & Analysis
  • Experts opinions
  • Upcomming Webinars & Seminars
Subscribe to Our Newsletter