XM Review Is XM a Good Broker? our Analysis

XM is a competitive choice for novices as well as more experienced investors. Having regional offices in Greece, Cyprus and Australia, the company serves clients worldwide. While its product portfolio is not as extensive as other brokerages, clients can still find sufficient tradable assets to trade across multiple financial markets. The broker keeps clients’ investments in segregation with its own capital, ensuring clients have real-time access to their funds.

Conclusion: Should You Choose XM Broker?

• Both desktop trading platforms are really easy to use thanks to their well-designed interface.
• I’m really impressed with XM’s educational resources, which have greatly enhanced my trading knowledge.
• This allows for the best prices from the XM liquidity providers.
• XM charges a $5 inactivity fee each month from clients with dormant accounts having no activity in the previous 90 days.
• For both new and seasoned traders, XM is a good option because it offers affordable costs, first-rate customer service, and strong instructional tools combined.
• Their educational resources have helped me become a more confident trader.
• Deposits and withdrawals through XM Group are easy, fast and convenient.

Too many platforms tho, but I guess its comfortability for people… I appreciate the seamless execution speed at XM, which allows me to capitalize on market opportunities without delays. It’s reassuring to know that I can trust their platform for timely trades. Trading with XM has been a fantastic experience due to their impressive selection of instruments.

• 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.
• On the whole, XM Group keeps their clients very well informed, and there is a wealth of information on their site.
• On the other hand, as we noticed XM has a limited portfolio for EU clients, and outside EU clients there is no good investor protection.
• Although the broker doesn’t have a proprietary trading platform, the company satisfied clientele trading needs with third-party trading platforms like MT4 and MT5.
• What they advertise is what they give their clients, regardless of the size of their investment.
• Users of both Android and iOS devices can enjoy flawless trading with the XM MobileTrader app.
• Although XM has a strong reputation for regulatory control under agencies such as ASIC and CySEC, prospective customers should still be wary of fraud and confirm the broker’s legitimacy prior to trading.

Leave a review of your experience:

As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider. XM Group is operated with client requirements at the forefront of everything that they do. This is not just for the best possible trading conditions but also the simplicity they can offer you when it comes to everything from opening an account to making deposits/withdrawals, contacting support and trading. There are more than 10 trading platforms available at XM, meaning you can easily find the trading dashboard to suit your style.

Mobile App User Interface

The advanced features of the mobile trading platforms are a significant plus point for XM. 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. XM is a reliable and well-regulated broker offering a broad range of trading instruments, competitive spreads, and multiple account types.

Since the company doesn’t deal in real cryptocurrencies, clients registered with the broker can only trade them as derivatives. This broker makes it a must to make sure that their clients are happy and they provide appealing services, an easy E for effort alone. It’s also easy to use and operate, everything works efficiently and effectively. 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.

What is the minimum deposit required to open an account with XM Group?

Usually, we look at how much you have to pay in the standard markets that cut across all brokers. We pick brokers that are comparable in both scale and features and use them as benchmarks. That way, we know how high or low the fees on any broker can get. So, we will look at the details on how much you would pay, trade a certain amount, over one week, on specific XM markets, and other brokers. XM global gives out a non-deposit $50 trading bonus to new clients who have just signed up. They also offers a two-tier bonus on deposits that could go as high as $10,500.

Clients can choose from any of the range and can be accessed using one account. Desktops versions can be installed and run using both Windows and Mac operating systems. Also, 99.35% of all trading orders are executed in less than a second, with no re-quotes, rejections, commissions or hidden fees. MT5 allows hedging, full EA functionality, and one-click trading.

ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. I’ve traded forex with XM since 2010 and it has earned its place in my list of the best forex brokers for online trading.

The Special Reports page has more in-depth articles, but they are posted less frequently. The previously mentioned pages have new articles nearly every day, if not more often. By contrast, there are Special xm forex review Reports posted a handful of times each month, when the need arises. This platform also lets you display an impressive 100 charts simultaneously. Those who want more will appreciate the superior MQL5 development environment built-in. There is also a multi-currency tester, alerts, and an internal mailing system.