- What is XM?
- XM Pros and Cons
- Awards
- Is XM safe or a scam?
- Leverage
- Account types
- Market Instruments
- Trading Fees
- Spreads
- Deposits and Withdrawals
- Trading Platform
- Customer Support
- Education
- Research
- Conclusion
Our Review Method
- 55Brokers leading financial experts with over 10 years experience in Forex Trading checked full trading offering including fees, platforms, verified licenses and safety, contacted customer service and placed traders to see trading conditions precisely to give expert opinion about XM
What is XM Trading?
XM is a large Forex Broker started its activity in 2009 and so far operates clients from over 196 countries with a support staff speaking in 30 languages and is among the most trusted Regulated Brokers with good trading conditions and offering overall.
The main branch located in Cyprus regulated by CySEC, yet offices are truly cover global needs and serve through Australia, UK, Belize, Greece also authorized in Dubai and MENA region.
Is XM good broker?
There are about 1.5 Million Traders and investors at XM that selected broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders. So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients.
Generally, all procedures from account opening, managing, depositing/ withdrawing, and trading is straightforward, simple and transparent, which we will see in detail further within XM review.
XM Pros and Cons
XM is a broker with a great reputation and numerous regulations and very wide range of trading instruments which we mark as its main benefits. Besides, the offering is user-friendly and XM has one of the lowest deposit requirements among the industry, CFD costs we found average and platforms are very friendly to all types of traders.
At XM the account can be opened regardless of a net of capital with only 5$ or trading experience, also with its global approach and discovery of new markets, XM supports with one of the best education including webinars and research materials, allowing to engage and start trading carer for complete beginners in trading.
On the other hand, as we noticed XM has limited portfolio for EU clients, and outside EU clients there is no good investor protection.
| Advantages | Disadvantages |
|---|
| Multiply regulated broker with a strong establishment
| Europe clients may trade only CFDs, Forex and Crypto products |
| Wide range of trading opportunities | |
| Global expands including ASIA, MENA, Africa regions | |
| Excellent Education and Research | |
| Low minimum Deposit | |
| Competitive trading conditions | |
XM Review Summary in 10 Points
| 🏢 Headquarters | Cyprus |
| 🗺️ Regulation | ESMA, CySEC, ASIC, FCA, etc. |
| 🖥 Platforms | MetaTrader trading software offering MT4 and MT5 platforms |
| 📉 Instruments | Stocks, CFDs, Forex, Commodities, Portfolios, Metals, Cryptocurrencies (not available to all Entities of the Group) |
| 💰 EUR/USD Spread | 1.6 pips |
| 🎮 Demo Account | Available |
| 💳 Minimum deposit | 5$ |
| 💰 Base currencies | Various currencies |
| 📚 Education | Professional Education with webinars and Seminars |
| ☎ Customer Support | 24/5 |
Overall XM Ranking
Based on our Expert finds, XM is considered reliable broker with good trading conditions suitable for various traders including European clients and excellent service that makes XM suitable for beginners with quality education and one of the lowest deposit requirements overall.
- XM Overall Ranking is 9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
| Ranking | XM | FXTM | AvaTrade |
|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
| Advantages | Low Deposit | Education | Trading Conditions |
XM Trading Alternative Brokers
Yet, XM does not offer very wide range of trading instruments for European clients, mainly all are offered on CFD basis, while the range is larger for international traders along with various trading offerings too. Also, Spreads are within the average, some Brokers may have slightly lower spreads, based on our findings.
See detailed Alternative Broker Reviews:
- FXTM – Good for Beginners and Good Fees
- Dukascopy – Excellent for Shares, Futures Trading
- AvaTrade – Good Instrument and CopyTrading
Awards
XM achieved a great focus on the Client’s needs while offers very competitive conditions and a range of services that attract global traders. Along time, we see great development of the company and its awards too, before company received awards from time to time, now they are on a regular basis. Apart from its highly good results and reputation among the trading community, XM received truly global recognition with many reputable awards for industry achievements including Best Forex Broker for Europe, Most Trusted Broker, etc.
Is XM safe or a scam?
No, XM is not a scam. We consider XM a safe broker to trade Forex and CFDs, since XM is regulated and licensed by several top-tier financial authorities including FCA, ASIC, CySEC. Therefore, it is secure and low-risk to trade.
Is XM Broker regulated?
XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission (CySEC). Another entity Trading Point of Financial Instruments was established in 2015 in Australia and is regulated by Australian Securities and Investments Commission (ASIC) (Also like FP Markets). Read more, why trade with Australian Brokers by the link so the regulatory obligations are covered at a sustainable level as we see through our XM Review.
- However, the point to consider is that – global operation enabled by XM Global Limited established in 2017 is regulated by the Financial Services Commission, allowing to offer its services across the globe. Despite the fact that IFSC is an offshore license, that does not actually implement strict overseeing of the trading processes, yet additional heavy regulation of the XM makinng it an acceptable choice.
Is XM a reliable broker?
The main idea of the regulation is that the trader can trade secure, knowing that clients funds collaborate according to the strictest rules with minimized risks of fraud or unfair use. XM Broker operates its trading environment according to the regulatory measures making it a reliable broker.
ALso, Client funds are kept in investment grade banks and use segregated accounts, falling under the Investor Compensation Fund that ensures recovery of funds up to €20,000 in case the broker goes insolvent (note that the coverage scheme depends on the particular entity). Besides, one of the advantages you will get as a trader is Negative Balance Protection, so there is no risk to lose more than the available balance.
See our conclusion on XM Reliability:
- Our Ranked XM Trust Score is 9 out 0f 10 for good reputation and excellent service along the years, also reliable top-tier licenses under which Broker operates. The only point is International trading available via the offshore entity.
| XM Strong points | XM Weak points |
|---|
| Regulated by Top-Tier Authorities
| Conditions and safety measures vary according to jurisdiction |
| Operates as a Group with Great Reputation | International Proposal available via Offshore zone |
| Compensation Scheme | |
| Negative Balance Protection | |
Leverage
Depending on the account type and the entity under which the XM follows regulatory obligations, you can use leverage on a scale from 1:1 to 1000:1. So important to understand which leverage level you are entitled to use, therefore always refer to the conditions of your residency. This leverage is not available to all the entities of the Group. The maximum leverage for clients registered under the EU and AU-regulated entities of the Group is 30:1.
As various XM entities apply different conditions due to regulatory obligations here are the leverage offered according to entity rules, also note, Leverage depends on the financial instrument traded:
- XM offers leverage up to 30:1 applied to the EU-regulated entity, yet they are not available to all Entities of the Group
- XM Australian entity and its regulation allows up to 30:1
- And International entity offers high leverage of 1000:1
However, always choose your leverage smartly, as well as the entity under which you would like to trade, which you may learn more through the XM education center, see snapshot for EU clients below.
Account Types
XM offering various account types, and made it simple as you may choose a preferred trading strategy like pattern trading through various accounts, either with smaller size via Micro Lots, or to trade regular size with Standard account based on spread only basis. Lastly, Zero Accounts will offer you another fee strategy where the spread is an interbank spreads starting from 0 pips with charges based on a commission of up to $75 per lot.
See our snapshot of XM Accountn offering below, yet note the availability of the account types depends on each entity of XM so good to verify conditions applicable to you fully.
| Pros | Cons |
|---|
| Available options between spread only or commission Accounts | Account Vary based on Entity |
| Micro Lot Account | Average Forex fees |
| Low minimum deposit | |
| Low CFD fees | |
| No Hidden costs | |
Can you open XM account in South Africa?
If you are a trader from South Africa – yes you can open XM account, as XM applied for registration to local regulator since 2016 and even since appealing to South African traders. So truly worldwide traders can enjoy great customer-oriented features XM offers and engage in all the trading benefits relatively easily simply bo XM Login.
XM Account Base currencies
As for the account base currencies, by choosing XM Account you may select the base currency of your preference from the great supported selection. This range includes even the South African Rand (ZAR) or Singapore Dollar (SGD), besides other global currencies.
So all in all registering with XM allows you transparency of money transactions, while you will avoid conversion fees for both deposits and withdrawals while selecting your preferred base rate.
Trading Instruments
XM Markets range offers huge variety of products so you can enjoy a great choice that meets expectations and preferences. besides, we see dramatic growth inn instrument offering compared to previous years, adding more Cryptocurrencies and CFDs to the list.
A range of trading markets is available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. And so you are able to trade XM Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account.
-
The broker, under its XMGlobal brand, provides a selection of 60 cryptocurrency pairs for trading. This extensive range highlights the brand’s commitment to catering to the diverse needs of traders in the ever-evolving digital currency market.
Is XM a stock broker?
XM offers Stocks for trading too, actually a quite good range with popular and minor Stocks too, however mainly based on CFDs, so you not trading or investing in Real Stocks. Also, conditions and offerings is different based on XM entity as we found by research.
- XM Trading Markets Range Score is 8 out 0f 10 for good trading instrument selection, yet the only gap that the European entity offers mainly CFDs and Forex Instruments, and much wider range is only available for International Clients
Fees
XM operates with variable spreads, just like the interbank forex market and imposes no restrictions on trading during news releases. XM fixed spreads are higher than a variable ones, as well are more flexible to different trading strategies. That means all trading costs are calculated into a spread with no hidden fees and tightest spread offering.
Also, while selecting the broker it is advisable to check not only the spread but also consider non-trading fees, withdrawal fee or other charges which applicable so that you will see the full picture, compare some fees below based on our find.
- XM Fees are ranked average, low with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Fees might be different based on entity, also majority of currency pairs are on an average level for spreads, additional fees like funding fees, rollover
| Fees | XM Fees | FXTM Fees | AvaTrade Fees |
|---|
| Deposit fee | No | No | No |
| Withdrawal fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Fee ranking | Average | Average | Low |
Spreads
XM pricing and costs are based on a spread, in case you will open Micro or Standard account. Also, XM spread is a fractional pip price that gets the best prices from XM’s various liquidity providers. Meaning, instead of regular 4-digit quoting prices you can benefit from the smallest price movements by adding a 5th digit, known as a fraction.
Below you may see average spread reference calculated throughout the day on a Standard account presented for most popular products. Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex products and low cost for CFDs.
- XM Spreads are ranked average/ low with overall rating 8 out of 10 based on our testing comparison to other brokers. We found Forex spread closer to the industry average of 1.2 pips for EURUSD, while other accounts based on commission might be good choice for professional traders
| Asset/ Pair | XM Spread | FXTM Spread | AvaTrade Spread |
|---|
| EUR USD Spread | 1.6 pips | 1.5pips | 0.9 pips |
| Crude Oil WTI Spread | 3 cents | 9 cents | 3 cents |
| Gold Spread | 2.7 pips | 9 | $0.27 |
| BTC USD Spread | 95 | 20 | 0.10% |
What is XM commission?
The commission fee is added on XM Zero Accounts only, as you will be trading with interbank spread quotes starting from 0 pips and commission charge as a trading fee. XM applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded. Also, you may use the fee calculator provided by the XM for an easy understanding of your costs.
Fee conditions upon opening of trade
Overnight fee
Lastly, for the fees it is neccessary to calculate also XM overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation.
As an example assume that the interest rates in Japan and the US are 0.25% p.a. and 2.5% p.a. respectively, with an open position, you can either gain USD 6.16 per day or lose USD 6.16 per day, as the rollover calculated as an interest to borrowed currency or earned on the purchased currency.
You may see also swap fee conditions on the snapshot above, as well for better information check out and compare XM fees with another broker Pepperstone.
Deposits and Withdrawals
The funds transaction at XM are managed in a customer-oriented way too, traders having a choice of multiple payment methods supported in all countries. Various payment options including commonly used, also XM introduced a local bank transfer option, which is definitely a plus for many countries since enables to fund the account through local banks and currency with no conversion charges.
- XM Funding Methods we ranked Excellent with overall rating 10 out of 10. Minimum deposit is among lowest in industry, also Fees are either none or very small, besides range of supported funding methods is good, yet based on the entity you trade with.
Here are some good and negative points on XM funding methods found:
| XM Advantage | XM Disadvantage |
|---|
| Fast digital deposits, including Neteller, WebMoney and Credit Cards | None |
| 5$ as a first deposit | |
| Multiple Account Base Currencies | |
| 0$ deposits and free withdrawals | |
| Withdrawal requests take up to 3 days | |
Deposit Options
XM Trading supports many Deposit Options, see below snapshot from our account opening.
- Credit cards
- Bank wire and Local Bank Transfer (available in some regions)
- E-wallets including Neteller, Moneybookers Skrill, Western Union, etc
XM minimum deposit
XM Minimum Deposit amount is 5$ only for Micro Account or a Standard Account, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start. However, the amount varies according to the chosen payment method and trading account validation status. Yet, you can read and find all the necessary info in the Members Area.
XM minimum deposit vs other brokers
|
XM |
Most Other Brokers |
| Minimum Deposit |
$5 |
$500 |
XM Withdrawal
XM withdrawal options are the same as the deposit ones, including Bank Wire transfers, e-wallets and Credit Debit cards. XM applied 0% Withdrawal Fee and offers zero fees on both deposits & withdrawals. Very pleasant addition indeed, as the XM company got all the transfer fees covered including e-wallets, major credit cards, instant account funding, and wire transfers with no hidden fees or commissions.
Moreover, while the majority of brokers still charge for wire withdrawals, XM deposits and withdrawals above 200 USD processed by wire transfer are also included in the Company’s zero fees policy.
How do I withdraw from XM Account?
To withdraw funds from the XM trading account you should simply follow the next steps, also good to contact customer service in case of any questions or terms, since they were responsive enough to us too.
Withdraw money step by step
1. Login XM to your account
2. Select on Withdraw Funds’ at the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with necessary requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard
How long does XM Withdrawal take?
While the XM Accounting team processes withdrawal requests quite quickly within 1-3 business days it depends on the country the money is sent to, as various rules and policies apply. The standard bank within the EU will take around 3 working days for the money to be available on your account, yet some methods or institutions may process almost instantly or take longer, all depending on the payment method you use.
XM Trading Platforms
In terms of trading software, XM clients access to make transactions and trades throughout well-known and perfectly-developed trading platforms MetaTrader4 and MetaTrader5 and its own one too.
XM, a brokerage firm, recently unveiled its “Social Area” platform. This addition enables traders to connect, gain knowledge, and challenge one another. Features highlighted on XM’s site include competitions, where traders can vie for prizes and managerial roles. Through Copytrade, novices can mimic expert trades, and with a community of over 10 million, the platform fosters global interaction among trading enthusiasts.
Platform Ratings
XM mainstay on the most popular industry platforms MT4 and MT5, obviously for traders’ advantage, as the platforms are very known and allow you to get numerous extensions or access comprehensive education on how to use tools. So the platforms gaining high ratings due to their international recognition are always a plus towards brokers’ proposals.
- XM Platform are ranked Excellent with overall rating 10 out of 10 compared to over 500 other brokers. We mark it as excellent since XM offers choice between industry popular platforms like MT4 and MT5, also developed its own platform with good research, excellent tools, copy trading, Robot Trading, EAs and quality execution.
Trading Platform Comparison to Other Brokers:
| Platforms | XM Platforms | FXTM Platforms | AvaTrade Platforms |
|---|
| MT4 | Yes | Yes | Yes |
| MT5 | Yes | Yes | No |
| Own Platform | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
Web Trading
Directly accessible just from one account and available in various versions all platforms are integrated with a full site of technical analysis, indicators and comprehensive tools, stop or trailing orders. So you may access XM trading just by the use of the browser and login to Web Trading, see below our recommendation and evaluation of Pros and Cons on XM Web Platform.
Desktop Trading Platform
Though XM FX made the software even more advanced and suitable through 16 Trading platforms, which cater just any device including web, mobile, and even multiple accounts trading. So you get full account functionality and make the trading process at ease and comfort if you select the Desktop platform or other versions to trade.
Since XM uses MT4 or its newer version MT5 you are able to use its powerful capabilities along with automated trading or trading robots. EAs available with unlimited use of charts for those that prefer technological trading, also great manual trading tools will assist in your strategy as well. So overall all demands and trading needs are covered and are at very sustainable level and might be good match to various types of traders.
Platform trading tools
In addition, we found numerous XM’s add-ones allowing you to enjoy extra benefits that the platform offers. This includes also XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server(VPS). The XM VPS brings non-stop work without your monitoring or even having the computer on. Clients that maintain a minimum amount of $5,000 or equivalent, are eligible to request a Free VPS, for the ones’ that can’t meet the requirement, still can request a tool with a monthly cost – $28.
Look and Feel
MetaTrader is known for its clean and good feel while trading, also its Charting are among the most powerful offerings in the industry. So, the same as we do, you will enjoy its look and functions offered.
Mobile Trading Platform
Of course, you are able to use your mobile for trading as well, XM MT4 Android and iOS apps, along with XM MT5 apps will give you access to a trading account with full account functionality. MT4 and MT5 apps also offer great charting with 3 Chart Types, over 30 technical indicators in its package, and a full trading history journal. So
How to place orders with XM?
Placing order is a quite seamless process, as MT4 or MT5 also allows one-click trading option. So you may choose between pending order or market order available on all platforms. There are risk tools available as well, which you should never skip and stick to your strategy. So to place an order you should follow the next steps
- Through Market Watch select the product you wish to trade
- Right click on the symbol “New Order”
- Select the order either Pending Order or Market Order under the “Type”
- Set Risk, Reward and Expectancy levels through set of Volume, Stop Loss, Take Profit
- Select Place
- Once done on you may adjust or cancel your order at any time, as well as close it manually once executed
XM Customer Support
As for the customer support and service, as we see XM globally covers trading needs while the customer service team available in international locations and speaks more than 25 languages including Chinese, Russian, Hindi, Arabic, Portuguese, Thai, Tagalog and more languages.
You can reach out to the customer support team 24/5. The broker is available through email, phone, or live chat. Also, we found that the service is of good quality with reliable answers, which confirms again XM’s client-oriented policy.
- Customer Support in XM is ranked Good with overall rating 8 out of 10 based on our testing. Support is knowledgeable, fast answers are received on Live Chat, also quite easy to reach during the working days
See our find and Ranking on Customer Service quality:
| Pros | Cons |
|---|
| Quick response | No 24/7 customer support |
| Relevant answers | |
| Availability of Live Chat | |
Education
Along with good customer service, every client can access numerous educational materials through XM Learning Center, fulll of trading data and other necessary information that brings trading to a better level. In this regard, XM went also far and developed truly wide education support throughout various regions with the purpose to educate traders, which is a great plus for all traders.
With XM you may count on quality learning, as we found based on our tests, defined also by your level, which includes Live Education offerings, Educational Videos, Forex Webinars, and regularly held Forex Seminars in various destinations. In addition, there are very well-organized tutorials, videos and tools at your disposal.
- XM Education ranked with overall rating 10 out of 10 based on our research. XM provides great Education Materials one fo most comprehensive we see among industry, there is quality research and XM runs its Academy with Webinars, Excellent Trading videos and much more.
Research
In terms of research tools and Market materials, it is in good order at XM too. Along with News Feed, Technical Summaries and Technical Analysis, XM provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
We do really like the way XM organizes its research tools, as you will find in one place everything that is required for your smarter trading decisions along with Forex Calculators, MQL5 and more. Also, exclusive technical indicators compatible with both platforms available for subscribers also making it possible to perform algorithmic trading.
XM Review Conclusion
In conclusion XM Review, it is a well-regulated broker with numerous highly respected licenses that delivers truly transparent conditions and is an extremely customer-friendly broker. No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus. So all in all, we had very comfortable as well the good real-time market execution, making XM very welcomed among trading offerings and suitable for various type of traders, including beginners and small accounts.
So overall we conclude XM has one of the most Comfortable proposals in terms of costs, trading conditions and opportunities overall before broker has much lower trading instruments in its range, but now it is one of the strongest points due to the wide range offered.
Based on Our findings and Financial Expert Opinion XM is Good for:
- Beginning Traders
- Traders who prefer MT4 and MT5 platform
- Currency Trading and CFD Trading
- Trading Investors
- Suitable for a Variety of Trading Strategies
- Long term Trading
- Professional Trading
- Forex Education
- Trading with Low Deposit Requirement
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Gotta tell you this, XM app is much better than anyone might expect. MT for mobile is something that looks kinda old and boring. Moreover, it’s hard to trade from it.
XM app on the other hand has a better inferface (at least for me), and trades open really fast there. Also, thanks for adding some options for customization, trading from the phone is now also comfortable👌
Also, the section with news and market research right on my phone is nice, I don’t need to cruise around various websites to get the info I need, I can just do it all from the phone.
So far I have not experienced issues with unreasonable widening of spread in the middle of my trading activities with XM broker. My experience with other brokers has been scarred by this. I would like to commend XM for keeping to their words.
I noticed how many traders pay attention to how many licenses any brokerage companies have but to be honest it doesn’t matter for me because the main criteria when it comes to choosing a reliable broker is how long they have been running the business.
So I chose the XM broker because they were launched in 2009 and it has been for over 15 years which means the company is capable of experiencing various economic turmoil and there is no need to worry about the safety of my funds. I mean, if something bad happens then the probability of the XM going bankrupt is probably 0% percent! Longevity!
I think this review does Xm justice as it’s arguably one of the best forex brokers that a trader can find.
And it’s definitely the best value for money for sure.
I have been trading currencies here positionally with zero swaps and I must say that none other broker could provide me with this possibility.
Sometimes the brokers offer positive swaps at best or islamic accounts with limited days of zero swaps
XM has long attracted my attention because it has such a good reputation among traders.
But what influenced my decision to open trading account was that I started using new trading strategy.
So I needed special trading conditions that I saw in XM
I thought it was a great combination. Reliable company that is respected by traders. Favorable trading conditions for application of my trading strategy. And of course, high quality of all tools.
Any trader wants to get high-quality and reliable tools.
I know that XM has licenses and some reputable resources put this broker in the first place in their ratings.
But does XM have any non-obvious evidence of its good reputation?
I always refer to awards, history and reviews when it comes to non-obvious evidence of the broker’s reputation.
Number of awards is countless, seriously, I ain’t even wanna head to the website and count them all, just do it on your own.
Reviews are in bulk positive, I would say ~75-85% are positive, others are neutral and negative.
And history of the broker… It’s very rich, they have been in the business for a long time, you can track it as well and check all the milestones.
I find This broker to be very affordable because all its accounts have minimum deposits of $5 except the shares account and it provides good trading conditions. Even though I’m an experienced trader I don’t trade shares so I’d like to understand what makes that account different in terms of minimum deposits?
U mean why the min. deposit so big for this account or what? If this is what you wanna know, then it’s prolly because of absence of leverage.
Other accounts can be chosen if you deposit at least $5 and leverage cna be up to x1000. In case of Shares account, you deposit a big sum right away and trade without any leverage obviously because your position size is anyway big. I guess this is fair.
Even though I’ve seen a lot, I never faced a broker that would offer such a big array fo ways how to reach out to the support.
Well, I can’t say that I require this, because the XM platform is simple in terms of navigation and I didn’t have troubles registering an account here, verifying it, installing the platform and logging into it.
But, it was just curious to test Viber and I made a request. The responded quickly, not as fast as in the Live chat, but anyway.
BTW, have you tried these exotic ways to contact support, or just used live chat?
Wow… I like the fact that I am given a carte blanche by the broker, literally. You do what you wanna do, you can be a manual trader, you can follow the leaders by replicating their deals, you can trade with expert advisors and everything is within just a single platform.
Isn’t it a blessing, huh? I suppose so, cause it’s really a big set of functions and features provided by the xm!!
I dare you to tell me a website where you can find almost 20 platforms for trading, besides XM, it’s rarity.
I know it’s a bit of an overkill and these are the versions of same platforms for different devices.
But the fact itself that they put so much work into providing maximum access is wonderful.
Advice:
This broker is suitable not only for pro. Here you find useful analytics and education
Love how easy XM makes it to withdraw, literally no obstuction at all. I had this broker that required me to first submit a statement, prove its my card, jump through the hoops up and down, here… literally didn’t have to do any off that. Only verification which was not optional, I think.
The only thing is, obviously no crypto, but I asked about that the support, and they said they are maybe working on that, so fingers crossed. When I become a CFD millionaire playboy, aint no way im withdrawing on a dinky old smelly credit card from a bank that will bully me about where I got money from.
I noticed how many traders started to talk about the XM broker and of course I was interested in what company this is and why there are so many talks about them.
It turned out that the XM broker offers quite a lot of trading accounts but the ultra low standard account is the best one in my opinion. I was seduced by the trading conditions and these spreads which start from 0,6 pips averagely are really cool. I thought this was just a marketing strategy but after trading on the forex market, I can officially say that spreads indeed are tight as they should be. I have no any complaints about XM!
I have spent about 2 months on the demo account and I think it is time to get a live account. I thought I was going to take tops a month to get a live account but I have been really busy recently. I have used their education to get my skills up, and I am pretty confident on what I have learned.
Got myself a checklist:
+ The company shares all the pros and cons; the broker works with both beginners and experienced traders
+ There are a lot of info for beginners, they invest in education.
+ Commissions and spreads are clearly indicated. Not to mention the 0 swaps accs.
+ No hidden commissions and payments (seen in reviews).
XM checked all these boxes, so I’m here for 2,5 years now.
I am sure that no other broker contributes so much resources into maintenance of the educational section. Usually, brokers don’t care, they just say “we have education” but in fact there are a couple of articles that are likely outdated and this is it.
Here I found some life education videos, tutorials, podcasts, insights and so on. Everything made me understand that I am working with a professional broker who really cares about traders, their skills and knowledge. It helps us to improve skills and increase awareness of the entire sphere. + yeah, it also allows to make good dough!!
the main reason why I opened trading account here is that standard account has narrow spreads of 1 pips (as far as I know it really narrow)
and at the same time commission is $0
Im with XM from other broker, and you people are pretty lucky.
There, it was hell. Firstly, the platform froze several times, and the error was clearly on the server side. I could not move the stops! Orders were closed with S/L eventually, instead of T/P. Secondly, several times the orders were closed with slippage of more than 50 pips.
With XM, the platform works like a clockwork, no issues, its like its supposed to be. Sure, the costs are HIGHER than with many other brokers I saw, the spread is 2 times larger. But I would rather pay extra 1-2 pips, than having slippage of 50 pips on me.
I never used to rate the educational resources of XM, and I thought it was just a plot to attract more traders to their platform… it still might be, but after taking a critical look at what they offer, I have a lot to learn. Even after using the broker for a good amount of time, I saw a couple of things I could try out and implement in my trading. One of the most valuable things I have found trading.
A traders skill is the number one factor to success in the markets, and the broker just gives traders what they need for no charge.
There is so many good things about the broker really. The review simply details all of it, and the broker has also won many awards for being as good as they are. You know, there are hardly any complaints about their support team. that is good.
Lets talk tho… I get all the good things, but brokers are quite similar. Is this broker really worth the hype?
Hmmm, a good question.
I think yes, XM is worth the hype, because you cannot base a hype on nothing. Like some companies which rise fast may fall as fast. XM took a lot of time gaining this hype.
As an example, just look at ETH spreads on ultra low, these type of conditions are not there in the market, they are leaders for a reason.
That’s really cool they provide with a choice of accounts. The only thing that I didn’t pay attention to while making u my mind about the acc – Shares, because I understood that it is an account for specific purposes which I am not interested in.
Ultra low standard, it’s people’s choice as far as I know, so I decided not to be a “black sheep” and stand out from the crowd.
Well enough, swaps on some instruments are absent, on others they don’t exceed standard values, so if you calculate everything correclty, then you can make solid dough on the platform. Just use what they give to you.
Doubted the broker at first, but when it comes to advantages of using xm, there are so many. One is that they offer accounts that do not charge swaps… and they have separate Islamic accounts.
I have been trading for quite some time and this is the first time I have seen a platform that offers a a swap-free trading account, without it being an Islamic account. This means everyone can enjoy and take advantage of it!
And indeed it can be beneficial. If you are a day-trader it might not change a lot, but if you keep positions open for multiple days, like I do, then the costs of trading significantly shrink!
Great job XM!
I immediately opened an account on this platform after seeing this feature!
Ha, if u wanna have a warm conversation in viber, like the one you have with your lover, then you can chat with the customer support of the XM broker.
Seriously, it’s the very first broker that you can get in touch via Viber, Whatsapp and some other methods. Afaik u can also call them and resolve the questions. But it’s better to use this method only if you have SERIOUS trouble. Don’t disturb them over nothing.
Anyway, they are amiable guys who can help you with different questions. I asked them about conditions for trading indexes and turbo stocks. Answer was immediate and detailed, kudos!
Yeah I think it’s kinda straneg that Xm eu clients have access to only CFD stocks, whereas global clients can invest in shares on full.
Because eu clients are more willing to invest rather than just trade and speculate. So I don’t really understand this decision.
Apart from that Xm is one of the biggest and the most reliable brokerages in the market right now. Nothing else to add
Last week, thanks to the NFP release, I struck gold—literally!
The sweet profit I made on gold has me feeling like Midas in a bull market! 😀
I am pretty new to trading and follow a bunch of telegram groups that provide trading signals, and almost all of them were shorting the gold. While the XM analytics they were saying to go bullish.
Glad I listened to XM experts.
I really like all the options presented by XM, shows that they care about the comfort of the traders. Personally, I am on MT for a long time, never changed my platform and it is possibly the best, well at least for me. But for a long time I am missing the the feature that records all my trades inside MT and then I can analyze it. Right now I have to manually record all the trades I do, and it takes a lot of time, I am sure experienced guys will understand me.
Spreads here are damn good, and there is a chance to trade without swaps at all. I alternate day trading with a swing one and don’t bear serious losses in terms of costs, you know.
like, if you trade on the ultra low standard acc and prefer major pairs like AUD/USD, for instance, then spreads are typically float around 1.7-3 pips in general.
and again – no swaps for leaving positions overnight.
Throughout the whole journey with the xm broker I didn’t have any serious troubles. If there were certain issues, then they were quickly resolved due to the help of the customer support who I was frequently talking to.
Speaking about trading process, then everything is as smooth as butter.
I like the variety of assets, I adore the diversity of trading platforms, I even downloaded MT on my phone to trade on the go. Yeah… I had to get used to the mobile interface and its kit of instruments, but this isn’t very difficult!
Btw, have you guys tried mobile trading with xm? What are ur thoughts?
Mobile trading with which app? Vague question, but the MTs are all good trading platforms.
I have been trading here for a while and should say that their idea of implementing turbo stocks for trading is successful. It’s my favorite asset type, I prefer trading BP turbo and facebook turbo, everything is because I follow Zuckerberg on twitter and track everythign he writes and I keep an eye on the energetic sector. Leverage is rather big, up to x200 which is more acceptable for me.
I have been trading for three years so far, and have solid experience with numerous brokerage companies. I want to share one thing that I have noticed, that changes how we approach, assess and choose a broker as more experienced as traders we get.
At the beginning of our trading journey, most of the time when I chose a broker we spent in assessing the trading conditions. Sometimes even a broker with a good bonus promotion can seal the deal for a beginner trader. This is due to the fact that initially we trade with a small account size.
As we get more experience and our account size grows, then our focus shifts more toward choosing a reliable, reputable, regulated and trustworthy broker.
Long story short, XM excelled in both aspects. They have a great reputation and attractive terms too.
XM are really wizards at everything, I can’t say anything more.
Of course, it’s a very reliable company and it’s a pleasure for me to trade and understand that if I have troubles I can easily contact client supprot team and they resolve all my issues. The same is true about fears of not having my money withdrawn or smth like this, I mean… I ain’t have them, cuz broker does its best to make trading smooth and convenient.
I wanna note about their copy trading feature which isn’t always described in reviews for no reason. There is a pretty extensive list of leaders who traders can follow and bear fruits. The main is to just thoroughly analyze the leader whose strategy one consider lucrative. It takes time, but no pain – no gain. I always stock to this rule and it helps me.
XM’s support speaks so many languages. This is impressive and shows their commitment to providing excellent support.
Keep up the good job XM!
Overall it is a good and objective review. However, I have only one thing to mention regarding the spread you shared on the EUR/USD of 1.6 pips. I often trade this pair knowing that it is highly volatile and the spreads can vary depending on the time and sessions, but most of the time I trade it the spread is always below 1 pip.
On which account the spread is 1.6 pips?
Me too! I have never experienced such wide spread on EUR/USD, even outside of the European and US sessions.
Most of the time, it is below 1 pip, which is standard for this currency pair.
I don’t think the spread on EUR/USD on any of the XM accounts goes up to 1.6 pips, but for the purpose of this review, I am trading on the Standard Account.
Yeah, European traders are seemingly restricted in the chocie of assets, but these are questions not to the broker but to the regulator, cuz CySEC imposes such limitations, you know.
As for other statements and the overall rating, then XM pretty much deserves what it gets. Reliable trading platform and it’s pleasure to work with them, what are your thoughts on the rating from this site?
I wish they’d have a real number in the review xd Instead of writing who its good for (which is basically every type of trader, and I mostly agree).
This is probably an underrated broker right now overall. Its so cool to trade here because of UI, and the fees are better than most, I think most people will see this in time.
It seems to me that many novice traders underestimate advantages of Standard account type.
Most likely, beginners consider themselves special and strive to get account with the most complex and long name.
Standard XM account has many advantages.
For example, I had a large selection of base currency. And I chose the one that as in my bank account.
I don’t believe that the Gold price will grow endlessly, it is unreal, guys! In my opinion soon or later a bull run will be over in this market. Wish me luck to trade short positions.
What I like most about the XM broker and my experience with it is that everything goes well, without troubles.
If I have questions (yeah, I may have since I am not a seasoned trader), I get in touch with their agents and they clarify all the moments.
I work with shares and currency pairs, spreads are tight, leverage is big enough, withdrawals are made quickly without delays. So… thanks-)
It’s so good to be trading with a company that can be very well trusted. This broker is well regulated and has a tight and good security that helps to protect its clients’ funds and also their personal information. The support team has also been very great and I really appreciate them.
Trading without swap fees is beneficial, and this is one of the main reasons why I decided to trade with the Ultra Low account.
I am sure that most of the traders here have experienced situations when you have done your analyses correctly, but the price hesitates to move in your predicted direction and then moves immediately after you exit the position.
Been there, done that. It’s frustrating.
It is a whole other experience when you just can sit back and relax and give your trades enough time to work for you 😀
Stable and reliable. Those are the two things I associate with this broker the most. There is a bit of innovation and also a bit of affordability.
Considering all of the things that the broker offers, I honestly expected the fees and minimum limits to be outrageous, or at least, the first three letters. But on the contrary, the minimum deposit for the most affordable account is actually affordable and is accessible to literally anyone. Spreads and all other fees are absolutely very low.
I started trading recently and I would like to share my review about my first broker and I have a favor to ask you guys, take it easy because it is a view from a rookie trader. I thought I would struggle during account registration but it turned out that everything was easier than I thought.
The verification of the account was quite fast and I didn’t have any problems with documents. They offer a lot of accounts to choose from and I chose a micro account because I think I’m not ready to trade with large capital and trading currency pairs in cents would be a great practice for me.
If you ask me how I ended up here, it’s just a silly set of circumstances that led me here. And, more importantly, I am glad that I am working with this broker.
I daytrade here, I daily work on the strategy’s improvement, cuz trading landscape always changes and sometimes it’s very difficult to keep up with these rapid shifts. So, my strategy which implies analysis of price impulses on some major currency pairs like EUR/USD, EUR/JPY and GBP/USD alongside with volumes monitoring and checking what moving averages draw for me. Yeah, I also keep on an eye on news and various insights which help me to find best entry points.
This strategy helps me to get most out of trading and I am thankful to the broker for provided infrastructure.
It’s interesting to trade from the XM app. It allows me to be in the market even when I’m far from my laptop which is very often.
i know that i can use the mt apps but i wanted to try something new. plus metatraders don’t have the functionality of account management. Although it would be logical to implement tbh
1000+ trading instruments… I am sure I am not the only one that is impressed by that number. Most brokers struggle to provide over 500 instruments, but this one… it is really magnificent. There are about 9 market classes, so it is usually fun deciding what to trade.
The broker has much to offer, and I am speaking from a professional point of view. Finding a broker that is as reliable, versatile, and even as socially involved as XM… I do not thing you can find another honestly.
All the tools a pro needs are available.
I am quite happy that I have joined.
Basically, I didn’t question the broker’s reliability cuz the brand name is kinda loud in trading circles.
I had questions to what account to choose ro which payment method would be the most optimal, so I picked credit card and made a top-up.
Surprisingly, funds were credited within several minutes and the broker didn’t charge any commissions.
It’s so user-friendly, in my opinion, plus the company ensures full-fledged protection of all transactions, keep clients’ funds in segregated accounts and it’s also notable. One can trade with a complete peace of mind.
The same is true about withdrawals… uhm, I haven’t withdrawn funds yet, but I know that I will use the same method that I used for replenishing the acc. These are the rules, but ok.
For me, I pretty much enjoy the copy trading of the broker. I try to use the educational resources to learn but I couldn’t just carve out the time. So, I saw the copy trading possibility as a sign, and its been alright. I will keep trying to learn tho… It can only benefit me.
Quality and reliability are unarguable things about the XM.
One may argue about trading conditions, maybe pricing model employed here, but I find a very small number of reviews where guys say that spreads from 0.6 pips are too wide. Lmao, these are the tightest spreads I traded with…
Still, many men – much opinion.
I like that I can use any trading strategy here and earn benefits.
It was incredibly easy to set up an account and even easier to make a deposit. It was my first time opening a real account, and I was a bit afraid of the procedure, but it happened to be easy, like paying at an online store.
All you need to do is follow the instructions and choose your payment methods. I used a bank card, and the funds showed instantly on my trading account.
Having a broker that has multiple market instruments is a very good trait, I mean you don’t want to be limited to the number of assets you are able to trade and earn with… this platform has given me a good ground to maximize my profits.
Customer support is a very important aspect when evaluating the reliability of a broker. Only reliable brokers provide excellent customer support and through this aspect, you can differentiate them.
XM excels in this regard!
Its support team was always quick to respond to my questions. They have integrated the best support tool – chat, and the team behind is proffy and knowledgeable.
I’ve heard a lot about XM cuz I am a big fan reading different brokers on the various financial resources and I needed to find a suitable broker for me and I chose XM broker. They offer four types of trading account with beneficial conditions and it is quite impressive that each of them have a minimum threshold deposit of 5$ except the last one Shares Account.
So I decided to choose a micro account cuz as I said before I am still a rookie and it’s a good chance to trade on a real market with small volumes and after a while I will switch to another account. What account did you like most, guys?
I went for Ultra Low Standard account because spreads are the tightest and start from 0.6 pips which is perfect for my scalping strategy, at the same time there are no hidden fees, leverage can be as big as x1000 and hedging is allowed. You know it’s tough to imagine scalping without hedging, as it;s one of the most widespread ways to mitigate risks…
So, yeah, I believe this is the most appealing account, but micro one also looks pretty attractive.
Even though European traders are a bit restricted in the choice of assets, it doesn’t make much sense to me.
As for a rookie it was important for me to have forex pairs and I usually trade majors like EUR/USD and others with favorable trading terms. Spreads don’t exceed normal values and I know that it’s important to have them tight. I got this knowledge in the broker’s edu section 🙂
Wow, the broker launched in 2009…ok, it has been already…oh, 15 years! A remarkable indicator for a broker!
Wow. I see that broker is regulated by a number of reputable bodies. When I see and read the word CySEC , I understad that this boker is a real deal. Some brokes hardly get one regulation, but XM has several.
Moving on, I am reading that the broker has clients in 196 countries? seriosuly? It is practically the whole world! I gotta verify this number, but you know, I kinda believe it…
That leverage of up to 1:1000 is really huge, customers are lucky there:)
shall check website now
This is a highly reliable broker with strong regulation. They are regulated by major and authoritative jurisdictions CySec, FSCA, FSC, DFSA and the last one means the Dubai Financial Services Authority and there are not many brokers that have a license from Dubai.
It indicates that the broker is a world class brokerage firm. So I do not need to worry about my funds and I can trust them fully.
I decided to sign up with XM for a few reasons.
I don’t have much trading experience; in fact, I am still learning a lot about the basics and how the market works. But one of the first lessons I learned was how to choose a broker. Probably everybody knows this: it must be a regulated and well-established brokerage company.
XM excels in this regard.
When it comes to mobile trading apps, XM’s one is a solid option. I use an android version, and it works really well. I do not get major glitches or bugs.
This platform has great account customization options. Also, I like how SL and TP widgets are integrated, when I set SL point I can clearly see what is the esimated loss might be. This feature allows me to calculate risks ahead of the trade.
Interesting review of the broker. I read it and it gives impression that there are more pluses than minuses.
I am an still not experienced, but I have already decided to go with XM. It has many positive sides as described in the article.
I really like its learning center, for me it is very helpful, especially videos on FX.
Glad the customer support was quick to reply back to my questions.
Things have not worked out as expected using XM and it’s obvious i’m not the only one in this situation. I think they need to communicate better with their users concerning payouts, up until last week I reached out to silvana_tenreyro (at) dot com and they’ve helped accordingly as XM has been edgy with payouts.
They promised a guaranteed return on my investment but after investing my life savings, I got nothing in return. They seemed legitimate at first, but it was all a scam. I urge people to stay away from fake platforms and not risk their hard-earned money like I did. Report scam to cybertecx net for payout solution
سلام عيكم
They are professional scammers
i wish i knew these guys have taken all my money 10000$ i wish they refunded my initial deposits
I made 3 transactions on Aug. 8, 2022, two of them were successfully refunded on my binance account. When I did the first 2 transactions, I received 2 refund links on my email due to underpaid reasons before proceeding to my 3rd transaction. I remembered when I did my third transaction, I make sure that I’m now putting the exact amount of $61.64602 and then the link asked me to put my wallet address where they can refund my money if the transaction will not get successful and the wallet address I put in was my binance wallet address. Right after that I’m confident that I did it successfully since I don’t have refund email received. I checked it from time to time to my xm account and it did not reflect. So that time I’m thinking that maybe there was a delay or something, but the day goes on and it did not show up on my xm account. I also did communicate this to coinify which is the payment provided who processed my deposit. They asked me if I’m familiar with the wallet address xm provided me and per confirmation with XM they don’t recognize it and me either. As per coinify response there is a possibility that I got scammed. As of this moment no resolution has been provided by xm. XM crypto deposit is not secured guys. Beware about this, hacker can hack their payment channel. My money was lost and no one is responsible to refund it.
Stay a way! They know ways how to steal money from you. I opened sell stop order with a very tight stop loss, and my order was executed 325points below my order!
THEY ARE A SCAM HAHAHAHHA PLEASE BE AWARE THAT THIS COMPANY IS A SSCAM DO NOT OPEN ANA ACCOUNT IWTH THEM!
The XM is a scammer make the trading price is not at a market price in stock.I sell the US30 price is 31559 the market Price up to 31660only but the XM app the price is up to 31880 and 1 time I sell btc price is 29350 the market price is up to 30350 but the Xm app price is up to 33500 make buyer money gone
Xm is a scammer trader .me sell the US30 price at 31500 the XM make the price up to 31880 make my money gone the market price us30 is 31660 only
hello, could you able to get yourmoney back?
is this a scam or what
XM is thief. They do not even send your initial deposit back. They deleted my account and didin’t send my deposited amount. They steal and they fraud. Do not trade with XM and don’t trust them. They can delete your account anytime and send you a mail that saying your accounts been disabled due to suspicious trading. ( what that supposed to mean? If you are STP you can not take peoples initial deposit with such lying argument ) Been trading for 10 years never seen a broker like this before. Big and fraud company.
XM don’t send the legal documents for fiscal report, so you risk to make FRAUD.
XM are using your personal details an you’ll be abused by other traders day by day.
XM is giving the exactly opposite advice in most important situation, so b careful if you are a beginner!!!
XM using platform data to sell it to partners big movers of the market! Stay away, never with capital high!!!!
XM is SCAM!!!! Do not trust this fraud company. I have 3200 usd on my account they only paid 300 usd back to me. That is even lower than my initial deposit. If you want your money back, I suggest not to sent any money to this SCAM company.
Yup, I have bad experience with this broker. Thank God that I did not deposit so much. Please don’t try this broker or else your life will be ruined.
XM STOLE MY DEPOSİT. I have deposited a week ago. One day I couldn’t open my account and I couldn’t login to client portal.
They ERASED my account. YES THEY ERASED IT.
Now when I asked to client manager they told me it is a normal situation.
I want a solution. If someone read this from XM’s team. Please reach me !
XM is SCAM & FRAUD broker they didn’t pay my deposit of around 2500 usd that I’ve deposited a week ago.
I made profit of 350 usd.
I said it is okay not to pay my profit but I want my initial deposit back which is around 2500 usd.
They didn’t pay it.
They stole it!!!
Client manager acts like this is standard procedure but this is unacceptable, my Metatrader accounts and client portal access deleted.
Really sad to see that this company is even after for 2500 usd.
What a shame!
Don’t trade with XM they won’t let you take your money back!
Must say I will complain to:
International Financial Services Commission (IFSC)
And:
Australian Securities and Investments Commission (ASIC)
I have strong proof they send 60$ instead 160, and 40$ instead 500$.
Scam company support try to all problems solve to repeat some unpropriet requests, over end over again. Send this, send that they try to exosted you to stop fighting. But they owe me 560$ I don’t give up my money
Stay away, I’m make withdrawal request 500$, and get only 40$. 1 more time deposit 100, earn 500, make withdrawal and get only 60!?!
Fraud company I send bunch of documents, bank statements to prove my issues yet they claim that send money but they didn’t.
Stay away,!
I am living in Indonesia,is true there is XM Indonesia?
Which one i can following XM or XM Indonesia?
I’m a Filipino living in Switzerland. Thanks for the heads up! I almost want to open an account with XM. Glad that I did some research and review about the company. I hope that your problem will be solved. Thanks for sharing.
It’s nice to have an option of choosing the leverage as I implement several trading approaches. Trading conditions and the choice of instruments are fine. The support is responsive and quick.
The only concern is to stick to the MetaTrader’s platforms. It would be great to have an alternative terminal using modern technology. For instance, cTrader looks impressive in terms of having everything well placed and informative. Several functions for easy manual trading are more effective there, in my opinion.
Wanna to ask… How many type of package for the investment plan do u have? Withdraw time any special requirement fee needed for upgrading package or else?
I’m a Canadian citizen and I live in Toronto. Is it possible for me to open a forex account in your company, and if so under which jurisdiction? Does that entity have a license (and its license number)?
Am I able to open multiple trades on currency?
Example:
2021.03.12 06:10:00 898487925 EURJPY sell 0.2 130.096
2021.03.12 06:54:51 898518561 EURJPY sell 0.2 130.076
2021.03.12 06:55:08 898518779 EURJPY sell 0.2 130.082
2021.03.12 08:53:02 898647305 EURJPY buy 0.2 130.063
2021.03.12 09:11:36 898668649 EURJPY sell 0.2 130.119
So far i just started to open an account here in XM im a filipino small time trader though but after gaining profit i tried to withdraw fortunately nothing bad news came up it all goes smoothly though i will just wait for 24hrs for me to recieve my profit
dd u receive you funds dear
Do you agree through E-wallet(M-Pesa Kenya)
It seems they allowing only one device that cause automatically close account the device to be close (that is PC). Unless there is a bug in the program of meta trader 4 or 5 once you open the other device meaning only one device is allowed. The reason is for security reason if the password was changed caused to lock or closed the other account. The solution raise a ticket the account from PC and mobile phone is the same account you need only to prove some document is the same person that using the same account and that is time consuming for verification and you need to be patient to use both device. BTW they monitoring also your location that IP address and current location to complete the verification process avoid using VPN during verification process.
Iam a filipino and a resident here in italy, can i avail of more than 1:30 leverage and a bonus of 30 usd?
do you accept clients from nigeria
Do you accept new clients from Canada?
my experience with XM has been great so far.
I’ve been trading with them for just over a month and I tested the withdrawl process early on. I had no issues with my withdrawl, it was in my bank account in either 2 or 3 days.
I love that they offer micro accounts for small traders and their email. I had a problem with one of my bonuses and support got back to me the same day and kept me right.
Thank you XM, I am grateful for your straightforward trading platform! I’d love to see some more indicies being added in the future though 🙂
Hi,
Do you take clients from Kenya?
Thanks
my first account on xm global is for pc and mac and my plan for that account is for long term trading for a shortestime is one year so i made another account for my mobile phone. that im using right now. i monitor my first account thrue my daily report. but last week when i try to open my first account using my pc i was surprice that i cant access it any more.so i try to contact there costumer support here in the philippines it say to me that i close that account WHY do i have to close my first account that i know that i have deposit to that account for me to trade. and there staff came back to me and say if i accidentaly close that account theres is no problem because my fund and my profit that i gain is still on that account they only just need to investigate to fix the problem and reopen that account. so i wait a while but when she came back to me the good conversation suddenly change they accusing that i close that account.could anyone here in comment section would you close your own account if you deposit your savings just trade. and i know what the reason because when the time they investigate my first account they saw a gain a big profit and i mean big thats why they accusing me on closing my own account what they want is to get my profit for there own good no i will not allow that i will fight for that account because that is mine they dont want to reopen it because they so the big profit that i gain for almost 1 1/2 months of trading on that account. your filipino support in the here in my own country i think XM GLOBAL need to investigate in your filipino support because many on there comment section has a problem just the same im experience right now i will not give this up xm global family fix this if not i will make the right way to get what i deserve to get by the way for the first time i trade in XM i screen shot all my deposit and i dont use your demo account
I was so close to open an account with them, Thanks for the heads up and I hope they will give your money back to you.
Jigi, were you able to get your funds from XM?
Hi! thanks a lot for your heads up. this truly doesn’t sound good but your experience is a great help.
Thanks for This information. I also want to open a trading account with XM. After saw your review I Changed my mind.
Are you an ECN broker or Market maker?
Interested in trading. I have a set goal of investing seeking success
Is trading available in ZAR currency
Is it possible to trade with XM from Zimbabwe? Please assist
Yes it’s possible
SCAM COMPANY
Hy, is it XM available in Pakistan?
Am from Uganda, can I trade with you?
Is XM available in Somalia?
Do you allow USA customers? What is the leverage of Forex for USA customers?
Hello can I trade from Nigeria?
Its a scam … They came up with wild accusations when i try to widthdraw from my bonus acc… I would stay away from this type of trading company
Stop saying nonsense please,XM clearly stated that you can not withdraw bonuses given to you. You can only withdraw your profits from your account balance.
Yeah that true but do you know profit also you cannot claim how????…bad broker …hahahaha
Yeah same with me…bonus profit cannot claim
Can I trade crash and boom on xm
Dear Blessed,
We are currently not offering this market. You can see the available Indices in the following link https://www.xm.com/equity-indices
Is dragonpay legitimate to transfer my funds? I would like to verify if I can transfer my requested withdrawal of money direct to my savings account? BDO
Dear Mason,
We are currently not collaborating with dragonpay. You can see the available deposit/withdrawal methods on our site (e-wallets, credit/debit cards, online Banks, Traditional Banks)
Xm legal in india?
Dear Amitkumar,
We do accept clients from India
Comment Area
Is it allowed for individual trade or for corporate Clint’s only? Interested to know.
Dear Florence,
We are not offering corporate trading accounts.
Dear sir
How can I get xm master card
Thanks
I made a withdrawal request on April 19, since then they said it would be processed for 2-5 working days, it’s more than 2-5 working days and I haven’t yet seen anything,Then, yesterday I Sent an email to XM support or whatever, and I haven’t gotten a response till now as I type…
XM, I’m not impressed, your services are poor!
Hi
Are you still not getting withdrawals?