XM Group Review

XM Group Reviews and Ratings:

User Rating
[Total Votes: 63 Average Client Rating: 3.1]
Websitehttps://www.xm.com/
Live ChatYES
Telephone+357 25029933
Broker TypeMarket Maker
RegulationsIFSC, CySec, ASIC, DFSA, FCA
Min Deposit$5.00
Account Base CurrencyUSD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR
Max Leverage888:1. *Leverage depends on the entity of the group and the financial instrument traded.
Trading PlatformsMetatrader 4/5, Webtrader
MarketsForex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs
Bonus Offered$30.00 Trade Bonus and up $5,000 deposit bonus*Trading Bonus is not eligible for clients registered under Trading Point of Financial Instruments Ltd
Funding OptionsCredit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.


Overview:
XM Group is a group of regulated online brokers with over 3,500,000 clients worldwide from 196 countries. 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 which is regulated by the International Financial Services Commission with license number 000261/106. They have recently been granted regulator approval from UK’s FCA and Dubai’s DFSA which makes XM group a internationally regulated broker.

Accounts: Some traders may appreciate the availability of three account types – Micro trading (with contract sizes of 1000), Standard accounts (contract sizes of 100,000) and the XM Zero. The first two account types have spreads as low as 1 pip. The XM Zero Account has spreads as low as 0 pips ( depending on market condition). Traders can ask for a free VPS if they maintain a minimum USD 5000 credit and at least 5 round turn lots monthly. Free demo accounts are available for both account types, with MetaTrader 4 (MT4) and Metatrader 5 (MT5). Islamic trading accounts are also available with either account type to enable swap-free trading as per sharia law. 

Minimum deposit: $5.00xm group webpage

Maximum leverage: 888:1. *Leverage depends on the entity of the group and the financial instrument traded.

Features: XM Group offers MetaTrader 4 and 5 for PC, the web and mobile devices. Clients can trade over 1000 financial instruments and the brokers boast high client retention because of the active efforts of the management to visit over 120 countries and engage with clients. Clients enjoy access to free personal account managers, market research, daily technical analysis, and more. Their “research” section feature: Market overviews, News, XM Research, Trade Ideas, Technical Summaries, Economic Calendar, XM TV and Podcast. One unique feature of the xm site is their Trader Dashboard, which shows, in real time, trader buy and sell percentage stats sorted by popular currency pairs and trading instruments.

Education: XM Group is known for its seminars and efforts to educate clients to help them make better trading decisions. They have hosted over 100 seminars for this purpose. Traders will find webinars, tools, market outlook and more on the website. XM’s learning center feature sections: XM Live, Live Education, Educational Videos, Forex Webinars, Platform Tutorials and Forex Seminars.

Deposits/Withdrawals: All major deposit methods are supported including credit/debit card, bank transfer, Skrill, Webmoney And Neteller to name a few. They offer over 25 secure payment methods. Withdrawals and deposits are one-click and convenient.

Customer service: XM Group is customer oriented with support in 30 different languages, and it offers 24-hour help during the trading week, 24/5.

Wait There's More ..

XM.com vs Hot Forex – Who do I trade with ?

Both brokers are reputable and similar is many ways. But your looking for the best.

Xm.com is the winner.

Why?

Xm.com is regulated in multiply jurisdictions – IFSC, CySec and ASIC. All being well respected in the industry. Hot Forex on the other hand is regulated by Cysec as well but also by the FSC.  Financial Services Commission (FSC) of the Republic of Mauritius is, in our opinion not a top regulator.

Xm.com Canada – Can Canadians trade with XM Group ?

No. Xm.com are not able to offer accounts to Canadians because they are simply not regulated within Canada.

What is XM.com monthly trading volume ?

On average Xm.com’s monthly trading volume is around 415 billion dollars. This is some of the highest volumes among retail Forex brokers.

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