XM Group Review: A Comprehensive Insight into the Trading Titan

XM Group is one of the few brokers that provides both the MT4 and MT5 MetaTrader platforms. You may read our MT4 versus MT5 comparison to see how the two platforms compare. XM Group like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument. Each one of these three can be set up for swap-free trading which complies with Shariah law.

In the EU, the XM Group has approval for outward passporting from multiple financial authorities, including the Federal Financial Supervisory Authority of Germany (BaFIN) and the U.K. These regulators or authorities enforce stringent standards for financial reporting, capital adequacy and protection of client funds, ensuring transparency and security. The XM Group strongly emphasizes safeguarding users’ funds and personal data, implementing strict security protocols to ensure a secure trading environment in line with regulatory standards. Reputable financial authorities regulate the broker in multiple jurisdictions representing each online trading entity that makes up the brand. The XM Help Center also contains valuable information addressing common issues such as withdrawal concerns, account validation queries and software download problems. The brokerage also maintains an active presence on Twitter, Facebook and LinkedIn, which provides an alternative means of contacting the support team and connecting with its trading community.

Generative AI tools are not a part of our content creation or product testing processes. 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. 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. XM WebTrader 4 is accessible for PC’s and Mac’s without downloading. Traders can choose from over 100 Instruments Including Forex, CFD’s and Futures, 1 single login access to 8 Platforms, spreads as low as 1 pip, 1 click trading and built in news functionality. XM does not charge any deposit fees or withdrawal fees internally, but traders will need to verify additional fees on transactions with their payment provider.

  1. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than XM Group.
  2. The app grants traders access to the core account management features, including the members area, plus deposits and withdrawals.
  3. Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, XM Group offers three types of live trading accounts.
  4. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
  5. Those of you with some experience will probably not find anything new here.
  6. The brokers primary video series is free to view and learn from for everyone interested in online trading, while access to the Intermediate video tutorials are only available for clients with an XM real account.

Once processed, withdrawals via e-wallet usually arrive in one working day, whereas credit/debit card payments and bank transfers take between two to five working days to appear in your payment method account. XM Group further ensures your online trading safety by storing your funds in segregated accounts at tier-one banking institutions. The broker also uses Secure Socket Layer (SSL) encryption technology for all transactions and employs investor protection measures enforced by the Markets in Financial Instruments Directive (MiFID).

XM Scam alert… Don’t use this broker

There are more than 1,000 instruments available to trade via this platform. With XM, clients can trade with real-time execution and no requotes. Since the policy began in 2010, XM has had no rejection of orders and no requotes at all. 100 percent of orders are executed, with an impressive 99.35 percent executed within a second. If you use the trading platform outside of these hours, trades will not execute.

Reviews

The trading model that they incorporate ensures that they are one of the best brokers that you can choose when it comes to favourable trading conditions, regardless of your previous experience or investment size. This combined with strong regulation and a human approach, makes XM Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service.

Can you make money using XM Group?

Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions. A vital part of any trader’s experience, a broker’s trading platform can make or break any trading experience. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers. XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. XM offers a range of MT4 and MT5 platforms for both Windows and Mac Operating Systems which gives traders unrestricted access to all platforms. 79% of retail investor accounts lose money when trading CFDs with this provider.

Support

This is a great way to keep informed with what is going on around the world and why the markets are moving. The pip calculator will help you determine the value per pip in your base currency so that you can monitor your risk per trade with more accuracy. XM does not direct its website and services to any individual in any country in which the use of its website and services are prohibited by local laws or regulations. When accessing this website from a country in which its use may or may not be prohibited, it is the user’s responsibility to ensure that any use of the website or services adhere to local laws or regulations.

As previously mentioned, most of the account types available on XM are offered as Islamic accounts. Islamic or swap-free accounts do not have any rollover or swap interest for overnight positions. XM also takes steps to adapt to changing client needs as they become more demanding and sophisticated. XM is proud to have never compromised on factors impacting client performance. This directly leads to the broker’s ability to deliver the best execution and tight spreads.

For overnight positions, XM prides itself on offering competitive and transparent swap rates. The rollover policy is that XM will credit or debit client accounts and take care of rollover interest. This is a notification that your account lacks sufficient equity for supporting the open positions.

All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. Starting from customer support to withdrawals they have been there for me. The XM MT4 Multiterminal platform is the ideal xm group tool for traders wanting to handle multiple MT4 account from 1 single terminal with ease with 1 Master Login and Password. The final element of XM’s commodities offering are precious metals, namely, gold and silver. More exotic precious metals such as platinum and palladium are not available.

However, each entity of the XM Group is governed by different regulations and offers varying trading conditions and trading instruments. XM Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. While the number of instruments offered varies across asset classes, XM’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. The broker’s comprehensive selection of tradable assets contributes to its appeal, making it a suitable choice for traders seeking to diversify their investment portfolios and take advantage of various market segments.

What Type of Research Does XM Offer?

There is a restriction of 50 lots per ticket and the minimum trade volume is 0.01 lots. Other than this, the Standard and Micro Accounts are essentially identical. You can view all of the relevant legal documents for XM on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more. At the time of writing, there are 12 documents in this section, all available for download as PDFs.

The XM Group customer support team are available around the clock to help you if required. The XM Group Research and Education center offers daily updates on all the major trading sessions along with multiple daily briefings on all critical market events which daily shape the global markets. Manned by 20 multilingual market professionals we present a diversified educational knowledge base to empower our customers with a competitive advantage.


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