XM protects its clients’ funds through the use of segregated bank accounts, which keeps client money separate from the company’s own funds. That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. While XM offers a range of Stocks for trading, primarily based on CFDs, the real stock trading or investment is not available.
The app includes real-time alerts, charting tools, and secure login options like fingerprint and face recognition. The company ensures that client funds are protected with segregation and uses advanced encryption to safeguard personal information. With strong regulatory backing and robust security measures, XM Group is a safe choice for traders looking to invest with confidence. Whether you’re a beginner or an experienced trader, XM’s no requotes, no rejections policy and award-winning customer support make it an excellent choice for those seeking a trusted trading partner. XM Group stands out by offering the same excellent trading conditions to all clients, regardless of account size. With a focus on fairness, they guarantee no requotes or rejections, ensuring smooth, real-time execution of trades.
- The broker boasts a multilingual support staff fluent in 30 languages, cementing its place among the most trusted and regulated brokers with favorable trading conditions and a comprehensive offering.
- Therefore, the specific details regarding its revenue generation methods and the total amount of income it earns are not publicly disclosed.
- The minimum deposit is among the lowest in the industry, and fees are minimal or non-existent, depending on the entity with which you trade.
- With no commission charges, low minimum deposits, and features like negative balance protection, XM Group delivers an accessible and secure trading experience for all levels of traders.
- It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Has XM won any industry awards?
All account types come with negative balance protection, hedging, and an Islamic option, providing traders with enhanced security and flexibility. XM Group has firmly established itself as a leader in the trading industry, prioritizing fair trading practices, fast execution times, and a human-centered approach. With over 15 million clients worldwide and a reputation for reliability, XM provides a top-tier trading experience to everyone, regardless of account size. Overall, XM can be summarised as a highly regulated Forex Broker specializing in Forex and CFD. XM offers access to 55 currency pairs, excellent customer support and it has a trust score of 97 out of 99.
XM Review
In addition to these measures, XM also offers Negative Balance Protection for European and Australian traders. This feature ensures that traders will not lose more money than they have deposited. Yes, XM is a good broker for many types of traders thanks to its flexibility and range of features.
How good are XM trading spreads and commissions?
Whether you’re new to trading or looking to refine your strategy, XM’s educational content is designed to support your growth. XM offers a selection of 55 currency pairs, including major, minor, and exotic pairs. No, all XM Group accounts, including the Standard, Ultra Low, and Shares accounts, are commission-free. The minimum deposit for both the Standard and Ultra Low Accounts is $5, while the Shares Account requires a $10,000 deposit.
Account Type
XM has very tight spreads particularly for the Ultra Low accounts so if you’re looking for the lowest figures then be sure to sign-up for this kind of account. For Micro accounts, XM Group’s minimum accepted lot size is 1 lot or 1,000. It comes with $100,000 of demo funds that you can freely use for making test trades on the platform. xm group Be sure to check the features and perks so that you’ll know which type of account is suited for your trading needs. Wondering if XM Group is your ideal broker for online trading? Here’s a detailed and updated review so you can find out if this brokerage is right for you.
- We are so glad that you are happy with XM’s platform and their offerings.
- Yes, XM offers a mobile app available on both Android and iOS.
- With over 15 million clients worldwide and a reputation for reliability, XM provides a top-tier trading experience to everyone, regardless of account size.
- XM deposits are fee-free as the broker covers 100% of them.
- XM’s customer support team is available in over 25 languages, including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, and Tagalog, covering a broad spectrum of global trading needs.
I do not think I have met a trader yet who does not know the broker. However, I think it might have to do with region… it might be more popular in some regions than others. I have not traveled everywhere, but I am just making an intelligent guess since that is how most things are. XM Group ensures that 99% of trades are executed in less than one second, allowing for seamless execution without slippage, so your strategies stay aligned with market prices.
Keep in mind that some assets may not be available on some platforms. To sign-up with XM, you need to provide your name, country, phone number, email address, account type and platform type. Trading with XM has been a fantastic experience due to their impressive selection of instruments.
The Shares Account, requiring a $10,000 deposit, focuses on stock trading and also provides commission-free and swap-free conditions. All accounts come with negative balance protection, hedging options, and an Islamic account choice. No, you can test all XM account types with a demo account with the exception of the XM islamic account. Furthermore, XM provides an Investor Compensation Fund (ICF), which offers compensation of up to €20,000. This fund acts like an insurance for traders, offering protection in the event of XM’s bankruptcy or in disputes between the trader and XM. My account was hack and reported it during hacking moment but they said they cannot do anything.I lost almost all the money.
Moreover, high withdrawal fees can sometimes surprise traders. XM Broker offers two major platforms for trading—MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are known for their advanced charting tools, customizable interfaces, and the ability to use Expert Advisors (EAs) for automated trading. XM’s proprietary platform also provides additional features, making it easier for users to execute trades across a range of financial instruments.
XM allows traders to deposit and withdraw money through wire transfer, credit and debit cards and eWallets such as Neteller and Skrill. This will allow us to investigate your case and verify your claims.Please get back to us at your earliest convenience.XM Team 🚀BIG. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Know all the risk and scams with Forex, if you’re against that please refrain from making comments bashing forex trading.
This detailed review will provide insights into whether XM Broker is legitimate, explore its core features, and highlight some common issues faced by traders. XM is a top-tier forex and CFD broker that combines a high level of security, a wide variety of account types, and advanced trading tools. Whether you’re a novice looking for educational resources or an experienced trader seeking robust trading platforms and leverage, XM provides a comprehensive solution for all types of traders. XM offers competitive fees, spreads, and commission structures across its account types, providing flexible trading conditions for all traders.
Clients maintaining a balance of $5,000 or equivalent can request a free VPS, while others may access the tool at a monthly fee of $28. XM’s pricing is based on a spread for those opening Micro or Standard accounts, with the addition of a fractional pip price for more precise pricing from various liquidity providers. The broker is considered safe for trading Forex and CFDs, courtesy of its regulation and licensing by top-tier financial authorities including the FCA, ASIC, and CySEC. This multi-layered regulatory framework ensures a secure and low-risk trading environment. The platform is well-built, having all necessary trading features.
XM presents a diverse range of account options, catering to different trading styles and strategies. Traders can opt for micro lots with the Micro account for smaller trade sizes, or the Standard account for regular trade sizes based on a spread-only basis. Additionally, the Zero Account offers a distinct fee strategy, featuring interbank spreads starting from 0 pips and a commission charge of up to $3.5 per lot. It’s important to note that the availability of these account types may vary depending on the XM entity, so traders are advised to verify applicable conditions specific to their region. For those interested in stocks, the Shares Account provides an excellent platform to directly invest in companies.