Is xm broker legit

A minimum deposit of 5 using optional islamic accounts, hedging up to 200 rankings max, spreads as little as 1 pip, leverage as large as 1:500 and base money options for example the CHF, GBP, EUR, USD, AUD, ZAR and SGD.

Free forex bonuses

XM Review; is XM Scam or Legit Broker, is xm broker legit.

These reports require a minimum deposit of 100, together with optional islamic accounts accessibility and settlement granted. The minimum trade volume will be 0.01 lots, and traders may start around 200 rankings max.Commission is comprised and spreads all significant pairs are equally low as 0%. Maximum leverage is 1:500 and the bottom money options incorporate the EUR, JPY and USD.

XM review – is XM scam or legit broker?

Rating

Wide selection of educational tools

FCA, mifid, cysec, ASIC law

300 fiscal tools

XM is a fully licensed and regulated forex broker. The business is licensed to provide FX trading services by the FCA, ASIC and cysec. With customers in 196 states and surgeries across 120 cities around the earth, XM is now really a worldwide provider of forex trading.

Overview/ desktop

XM.Com trades under the title trading point holdings limited, together with enrollment #HE322690, accredited in limassol, cyprus. The business is fully licensed and governed by the cyprus securities and exchange commission using permit #120/10. It’s likewise fully documented to provide financial trading at the united kingdom, with the FCA, mention number 538324. XM has won multiple awards over the years including best FX provider for 20 17, industry selection of world finance 100, and also the best local customer service 2016 from FX 168. XM prides itself having functioned 1million customers all over the globe. A vast assortment of trading currency applications is available, together with major pairs, little pairs, along with exotic pairs.

Account types

XM includes several account types, such as a micro account, a standard account, along with also an XM zero account. These accounts kinds appeal to particular kinds of traders, together with the subsequent specifications:

A minimum deposit of 5 together with hedging, together with optional islamic accounts, spreads as little as 1 pip, leverage as large as 1:500, and also a contract bunch size of 1000. Base currency options comprise ZAR, SGD, RUB, GBP, EUR, USD and many others.

A minimum deposit of 5 using optional islamic accounts, hedging up to 200 rankings max, spreads as little as 1 pip, leverage as large as 1:500 and base money options for example the CHF, GBP, EUR, USD, AUD, ZAR and SGD.

These reports require a minimum deposit of 100, together with optional islamic accounts accessibility and settlement granted. The minimum trade volume will be 0.01 lots, and traders may start around 200 rankings max.Commission is comprised and spreads all significant pairs are equally low as 0%. Maximum leverage is 1:500 and the bottom money options incorporate the EUR, JPY and USD.

Traders could start a demo account with a $100,000 virtual balance, or even perhaps a real money account using A25 trading bonus.

Trading platform/ applications

The trading programs in XM comprise metatrader 4, without a rejections without a requotes. Leverage ranges from as few as 1:1 completely up to 500:1. Metatrader 4 allows one log in with up to 8 programs, together with spreads as little as 0 g along with some 300 tools out there. MT4 is readily available for mac, PC, multi-terminal, webtrader, iphone, android, ipad, along with android tablet computer. Metatrader 5 – 5 MT 5 is one platform using 6 stock classes out there. A few 80 analytical items are contained with the stage and the most recent amount quotes are given. The whole quantity of financial tools available is 300, and such comprise forexstocks, indices, commodities and cfds. The most significant gap medially MT4 and MT 5 is that MT4 is a forex trading platform, even whilst MT5 is targeted towards multi-asset trading. Smartphone trading is found in XM, by simply downloading the application form on android and also ios apparatus.

Deposit options

Currency traders have accessibility to a vast selection of deposit methods in XM. Included in these are: visa, visa electron, mastercard, maestro, diners club international, union pay, neteller, webmoney, skrill, sofort, ideal, giropay, boleto, OXXO, bank wire transfer, along with neighborhood financial transport.

At XM, there’s not any minimum deposit required for that typical accounts along with your micro account. But, there’s a $5 minimum for electronic financing that’s on neteller, moneybookers, skrill and charge cards.

Bonuses

Currency traders are going to have the ability to take pleasure from multiple trading bonuses, including deposit bonuses, and forex world championship bonus supplies and loyalty program provides, and amongst others. The subsequent promotional supplies are offered at the time of composing:

25 trading incentive (for new customers only and all benefits left could be removed )

50 percent deposit up to $500 20percent deposit bonus up to $5,000

Win $50,000 at the 1 billion forex world championship each month

Enjoy exclusive bonuses along with seasonal bonuses together with all the XM loyalty app

Free VPS services

Customer support

Customer service is found in 5 nations. These include greece, australia, cyprus, hungary, and also the united kingdom. The UK cell phone number is 44-2031-501-500. Customer care is obtained 24/5 GMT. There are mobile, facsimile and email addresses such as service desk, bookkeeping, affiliate department, individual resources, back office, working room, sales department, and also PR enquiries.

Safety

Safety & security will be a priority in XM. This FX trading platform is completely licensed and governed by multiple governments for example cysec, ASIC, FCA plus it functions in compliance with the european union’s markets in financial instruments directive (mifid). The ethics of customer accounts is guarded in any way times, together with SSL technology, and also the maximum encryption protocols.

Ease of use

XM is userfriendly, and all characteristics of this trading platform might be retrieved from the upper left of this screen with the dropdown menu. As a whole, you can find 300 trading tools, spreads as much as 0%, 16 trading programs (XM webtrader, MT4 and MT5), as well as $5,000 in bonuses. Participants can quickly deposit funds, draw funds, switch medially programs, like forex webinars and conferences and conduct extensive marketplace research with the broad assortment of applications out there. Full fundamental and technical analysis is potential, together with forex calculators included as well.

Final thoughts

XM is an industry pioneer in forex trading. FX traders may enjoy the demo account a real money account at the click of a single button. Merely traders from regulated authorities can enroll at XM and trade to get a real income. The customized MT4 platform is based really on the currency, whatever money you’re utilizing.

XM review 2019 | is XM a scam or legit forex broker?

Average broker rating

Rating breakdown

XM overview

XM is a cysec, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on forex, stocks, commodities, indices, metals and energies on the globally-recognised trading platforms metatrader 4 and metatrader 5 for PC, mac, web, ios and android systems.

#	broker's features	XM availability
#	commissions	❌
#	hedging	✔
#	PAMM	❌
#	scalping	✔
#	accepts US traders	❌
#	24 hour trading	✔
#	swaps	✔
#	demo account	✔
#	daily analysis	❌
#	automated trading	✔
#	mobile trading	✔
#	trading by phone	❌
#	1st deposit bonus	❌
#	forex contests competitions	✔
#	bonuses promotions	✔
#	interest charges on the balance	✔
#	free education	❌
#	expert advisors	❌
#	partnership programs	❌
#	trust management	❌
#	24 hour support	✔

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.Net team collected over 50 data points. For this review, we will review XM.

Financial trading and investment services: first of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, cfds, cryptocurrencies or options. XM offers online financial trading and investment services such as CFD, forex, cryptocurrency, stocks, futures.

Tradable products: XM offers clients more than 1,000+ tradable assets to trade on, across forex, stocks, indices, commodities, metals and energies via spot, futures and CFD products.

Broker type: many types of brokers can be found in the most dynamic market in the world. XM is market maker.

Features: XM offers additional algorithmic trading tools and the ability to access trading signals from their own guru, as well as from MQL5.

XM allows you to execute a minimum trade of 0.01. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As a market maker, XM may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. XM also offers a number of useful risk management features, such as negative balance protection, price alerts and much more.

Minimum deposit requirement: to properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a forex brokerage. XM recommended minimum capital is $5.

Is the forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. XM is regulated by ASIC, cysec, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor protection & regulations: XM is authorised and regulated by the cyprus securities and exchange commission (cysec), the australian securities and investments commission (ASIC) and the international financial services commission of belize (IFSC), offering segregated client funds and negative balance protection.

Account currencies: next lets consider the account currencies each broker offers. XM offers EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR, different account currencies for each account types.

Account openning: XM offers 4 different types of trading accounts globally across different regulatory jurisdictions, with each account offering unique features and benefits for beginner and advanced traders.

XM offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages available: next lets have a look at each broker's different language options. XM offers english, arab, bulgarian, vietnamese, greek, indonesian, spanish, italian, chinese, korean, malay, deutsch, polish, portuguese, russian, turkish, french, swede, japanese.

Payment methods: next lets have a look at each broker's payment options. XM offers credit/debit cards, netteler, skrill, klarna, przelewy 2 different payment methods for each account types.

Deposit and withdrawal: uniquely, XM covers all deposit and withdrawal transfer fees for payments made via neteller, moneybookers and all major credit cards including visa, electron, mastercard, maestro and china unionpay, with instant account funding.

Trading platforms: next, let's look at the tools and features fx traders desire. With trading platforms, XM makes MT4, MT5, webtrader available to clients.

Web & desktop trading platforms: XM traders have access to the globally-recognised metatrader 4 and metatrader 5 trading platforms, accessible on PC, mac and web.
Mobile trading platforms: XM offers traders the ability to trade on the metatrader 4 and metatrader 5 mobile trading apps for ios and android operating systems, as well as tablets. The broker also offers the XM trading app which allows users to manage their MT4 and MT4 accounts.

Trader education
XM offers an impressive suite of unique educational products include forex seminars, educational videos, webinars, platform tutorials and live daily interactive education rooms.

Promotions
XM is currently offering two promotional offers but this could be subject to change – free VPS services and zero fees on deposits and withdrawals.

Support
XM offers 24 hours a day, monday to friday, customer support via live chat, email, online contact form and phone on more than 25 different languages.

Recup
XM offers 4 different trading account types with the choice of commission-free, or commission-based trading on more than 1,000+ tradable asset classes across forex cfds, stocks cfds, indices cfds, commodities cfds,precious metals cfds and energies cfds. Traders can use the globally recognised metatrader platforms and enjoy access to an impressive research and education section.

Final thoughts
the XM standard account and XM micro account offer commission-free trading. The XM zero account offers commission-based trading on forex pairs, albeit with lower spreads.

Trading experience
XM offers a wide variety of trading accounts giving a unique and flexible offering to trade on more than 1,000+ tradable assets across both metatrader 4 and metatrader 4 for PC, mac, web, ios and android. The broker also offers an impressive range of research and educational tools suitable for both beginner and advanced traders.

XM group forex broker review

A decent and detailed review of a forex broker will give you the necessary information about it in brief. Such an action and filtering of all the available foreign currency exchange platforms is superb way for both – high punters and beginners – to find the best broker for their trading experience. And since we are here to give you the best and most optimal assistance into forex market, we are full of detailed reviews about the most popular and renewable brokers. Check out now our XM group review and find out if it is suitable for your preferences and needs in trading.

XM group overview and specifics

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in 2009 with headquarters in limassol, cyprus and is regulated by cysec with license number 120/10. Trading point of financial instruments pty ltd was established in 2015 with headquarters sydney, australia and is regulated by ASIC with license number 443670. XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106).

All countries that are in eurozone or in EU are provided with special regulation measures for both – gambling and trading websites. So when it comes to the safety for the customer`s personal data and money, XM group is the right and one of the most recommended websites. But this is not the only great and interesting thing about the XM group platform. The website has also a superb customer support. The services are provided 24/5 and on 17 multiple languages, which makes it easy for any client regardless he is beginner or high punter to make an inquiry at almost any time and to receive a respond to his question or requirement. Also, the XM group website has numerous trading options – including with foreign currenciest, commodity, stocks, precious materials and etc. 99,35% of the orders for trading are usually executed in less than one single second. Moreover, the leverage here is also ok – 1:30 and the XM group provides more than 100 financial instruments. Be aware that the currency options are also numerous on the website – USD, EUR, GBP, JPY, CHF, AUD and etc.

XM group forex broker has more than 60 currency pairs to trade with, while the minimum deposit is only 5 $, which makes it quite suitable for beginners in trading, who do not want to risk lots of money for their first steps on the market. XM group offers 4 type of accounts: micro, standard, zero and ultra low.” please include the following note regarding the XM ultra low account type: XM ultra low account is not applicable to all entities of the group. Account availability depends on the clients’ country of residence. Demo account is also available for people, who are not sure whether to remain on the website before testing its platform. There are no commissions or hidden fees in trading activity on the XM group broker, while the deposit and withdrawal payment methods are the general standard methods such as debit/credit card, neteller, skrill, bank wire transfer, etc.

XM group bonus system and types

Learning information about a broker is an entire process you need to consider every time before signing in a particular website. And part of this process is to see if the available bonuses are ok for you. Thankfully, XM group offers numerous promotions and special extras you should definitely check out now.

No deposit bonus – the bets forex bonus ever – the no deposit bonus – is still part of the bonus system that XM group website provides to all of its clients. To be more specific only newly registered clients can actually benefit of it. The no deposit bonus here is 30 $ and you can use it only if you are new on the website and have just made your registration with a validated account to trade from.

Welcome bonus – another welcome bonus for all the newly registered clients on the XM group website gives you up to 100% with a maximum reward of 5000 $ of your initial deposit. Unlike the previous bonus, you must make a deposit in advance and then to receive the bonus. So if you deposit 200 $ you can have in your wallet 400 $.

Loyal bonuses and programs – become a regular customer on XM group at some point and you will be able to apply for a loyalty program. This program gives you several extras and special promotions and to reach it you will need to collect a particular amount of points, which are given during your experience on XM group platform.

Special seasonal bonuses – do not forget to check out for special seasonal bonuses on XM group. This forex platform has a tradition to update its bonus system all the time, so you can receive an additional offer throughout your experience here.

Trading bonus and loyalty program are not eligible for clients registered under trading point of financial instruments ltd.

XM forex broker review – scam or not?

Should you avoid the forex broker XM or is it actually a recommendable company? – on this page, we share our own experiences in the form of a test report on this forex and CFD broker. Learn about the terms and offers for traders in the following texts. Also, we will show you a step by step tutorial which shows you how to trade successfully. Is it worth it to invest his money or not? – inform now transparently.

The official website of the forex broker XM

What is XM.COM? – the forex broker presented

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 with headquarters in belize and it is regulated by the international financial services commission (IFSC/60/354/TS/19). The company was founded in 2009 and has since enriched more than 1.500.000 customers in over 196 countries. Even the broker is one of the biggest in his industry.

The goal is to give the customer a very fair and reliable offer for investing in international financial markets. Customer support is also a top priority for this company and is available in more than 30 languages. We will check this in the following experience report exactly. In addition, the broker is very active in distributing advertising and sponsorship. Especially for customers, the broker is even to be found at seminars or financial fairs worldwide.

XM offers trading in currencies (forex) and cfds on commodities, precious metals, energies, stocks, and indices. Currently, over 1000 different markets are offered to traders. The broker works as an intermediary for tradable contracts for difference. In summary, the offer is very large at first glance and also the company data prove to be trustworthy.

Facts about the FX broker XM.Com:

Founded in 2009

More than 1.500.000 international customers

Worldwide offices (cyprus, australia, belize)

Huge variety of assets

Support and service in international languages

More than 15+ award-winning forex boker

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Regulation of XM and safety of customer funds

An official regulation or license radiates trustworthiness and security. Every trader should find out about opening an account with a broker. The regulation is intended to push frivolous and fraudsters out of the market. Licenses require certain criteria and regulations that guarantee a clean and secure trade.

Another good impression on me is that XM has several licenses. In more than 4 countries, the broker is regulated by an official financial regulator. In addition, the company is registered in many european countries with appropriate supervision and has an EEA freedom to provide services.

In addition, customer funds are managed in different investment-grade banks. XM is only doing business with regulated payment providers. Also, the broker is a member of the investor compensation fund. XM does not trade versus its clients, which is forbidden through the regulation, and for more safety, there is negative balance protection.

XM is a highly regulated broker

XM is a very safe forex broker:

Regulation of official finance regulator in the cyprus (cysec), australia (ASIC), and belize (IFSC)

Member of the investor compensation fund (only for trading point of financial instruments ltd.)

XM does not trade versus clients

The client’s funds are kept in segregated client bank accounts

Negative balance protection

ESMA regulation

In 2018, the leverage for traded derivatives (forex and cfds) was massively restricted to 1:30 by the european financial services authority (ESMA). Brokers, which have a license in europe, are only allowed to offer this small lever to customers. This is a significant problem for some traders because certain strategies (such as hedging) can no longer be performed.

However, the leverage of 1:30 applies to clients registered under the EU regulated entity of the group. Leverage depends on the financial instrument traded.

Review of the conditions for traders

XM is very broad with over 1000+ tradable instruments. There should be no lack of choice here for a trader. As mentioned above, a variety of stocks, commodities, currencies (forex), precious metals, and energies are offered for trading. Especially stock trading is a huge advantage with XM, assets from more than 14 different countries are available.

In terms of trading platforms, XM relies on the world-famous platform metatrader 4 and 5. This is, in our opinion, one of the best software for private traders. We will give you a more detailed explanation in the section trading platforms.

Assets and markets of XM.Com

The terms of trading in leveraged financial products are, in my experience and tests, very good and competitive. XM relies on several different account types, which give a trader excellent conditions, depending on the capital strength. Spreads can start at 0.0 pips on the most traded markets. In addition, the execution is very reliable and there are 100% no requotes.

As a trader, you can start trading for as little as $ 5 minimum deposit or use a free demo account. In addition, there are different account types for every type of capital (more on that later). All in all, the conditions make a very positive impression on us and XM can be one of the cheap and reliable brokers.

Conditions for traders:

Spreads starting at 0.0 pips

Different account types

Maximum leverage is 1:30 for clients who registered under EU regulated entity

Maximum leverage is 1:500 for clients who registered under belize or ASIC regulated entity

Minimum deposit of 5$

Free and unlimited demo account

More than 1,000 different markets

regulation:	support:	assets:	special:
cysec, ASIC, IFSC	24/5 in different languages, webinars and training tutorials	1000+ (forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds, and energies cfds)	different account types

Test of the XM trading platform

As mentioned before in this review, the well-known trading platform metatrader in version 4 and 5 are offered. In our opinion, there is no better trading platform for private traders worldwide, because it offers many universal options. The trading platform is characterized by its flexibility and user-friendliness.

With the metatrader, you can adapt your trading to any trading style. The platform can be customized and even programmed. Whether long-term or short-term hands, the metatrader always delivers the right settings. Robots or automatic programs are also allowed with this program.

Trading platform available for any device

The advantages of the XM metatrader:

1 login and access to the web trader, app, and desktop version

Automatic programs may be used

No requotes

Rental of a VPS server possible

Complete video tutorial is available from XM

Charting and analysis for forex trading

Of course, charting and analytics are very important to successful traders. It is not uncommon that traders even need to access external software. This will not be necessary with XM, because the metatrader offers all-important charting and analysis options. Choose between more than 4 different chart types in the software.

Any timeframe (time unit) of the chart can be set for the analysis. The software also offers the right tools. Free indicators can be added at any time. There are also a number of drawing tools available. If that is not enough, you can program the indicators yourself or insert them externally.

Individually customizable tools

Free indicators

Big range of technical drawing tools

Mobile trading for any device

Another benefit of the software is that it is available for every device. Use the metatrader also on apple (ios) and android devices. Mobile trading today is a standard requirement for the trading software, as it is important to be able to respond to news from within. Positions can be opened, managed, or closed by your smartphone. Furthermore, you only need access to each device. With your account data, you can log in everywhere.

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Trading tutorial: learn how to trade with XM step by step

In the following section, we would like to give you a guide to trading with forex broker XM. In the picture below you can see the order mask of the metatrader. There are many different settings options for trade execution. The following points will tell you how the typical trading process works.

First, analyze one out of 1000 different markets/assets at XM and decide to invest or open a trading position. For this purpose, the fundamental analysis or technical analysis can be used. Metatrader offers enough tools and settings.

As you can see in the order mask, you can always bet on rising or falling prices. This is easily possible with forex trading and happens during CFD trading via short sale.

Now you have to choose the position size (volume) and the stop loss or take profit. All sizes are dependent on your planned risk. Choose specific price tags when to open and close a trade. The position sizes are given in lot (1 lot = 100,000 units of the base currency). Beginners should definitely use the XM forex calculator, which is available on the website.

The stop-loss stops you in a loss at a certain price (risk) and the take profit automatically closes your position at a certain price in profit. Learn to divide the profit-risk ratio.

Pending orders are another way to open positions. Place orders at specific prices in the market. If the market touches this price, your position will be opened (whether sell or buy).

Open your free account with XM

Next, we would like to look at the account opening in this review. On the website, it is clear that you can open a demo or live account directly. In a few minutes, the depot opening works according to the support. Simply use a valid email and other personal information. The email address must be confirmed after opening the account.

Free and unlimited demo account

A demo account is a virtual balance account. You can use it to try out all the features of broker XM and trade without risk. It simulates the real money trade with “play money”. It is also a great way for beginners and advanced traders to develop their own strategies or test of new markets.

XM offers a free demo account of over $ 100,000 in virtual credit. If desired, a currency other than the USD may be taken. This account can be used indefinitely and it is the perfect way to get practice with the broker.

Open your account in less than 60 seconds

How to open your real account

Once you have chosen XM, you can open the real money account. This requires more data. The broker also asks a few questions about your knowledge in trading before opening an account. You also need to confirm your phone number to ensure additional security for the account. Before the capitalization, the account should and should be verified. This is very easy with the upload of a passport and proof of residence.

XM guides you through the account opening process. There is a detailed and accurate step by step guide so nothing can go wrong. If you have questions, you can contact the support. In summary, opening an account is very easy and works in a short time.

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Choose the best account type for you

XM offers the advantage of 3 different account types. It can be decided between the “micro”, “standard” and “XM zero account”. The account types are adjusted to the capital strength of the customer. For example, in a micro account, you can trade with very small position sizes (risk of a few cents). There is a separate cent contract size.

In the “standard” and “XM zero account”, there are normal lot sizes. The difference between these two accounts lies in the fees and the possible currency of the account. For example, you can choose 7 different currencies for the standard account and only 2 for the “XM zero account”. Spreads are much lower in the “XM zero account” and start at 0.0 pip. But you have to pay a commission of $ 3.5 per $ 100,000 traded. Overall, the “XM zero account” is still much cheaper than the standard account.

Micro	standard	XM zero spread
min. Deposit:	5$	5$	100$
currency:	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR
spreads:	1.0 pips	1.0 pips	0.0 pips
commission:	no	no	3,5$ commission per 1 lot traded
islamic account	yes	yes	yes

(XM also offers the XM ULTRA LOW account which allows you to trade with either micro or standard lots, lower spreads from 0.6 pips and it has a minimum initial deposit of $50. The XM ULTRA LOW account is not applicable to all entities of the group)

Should you choose fix or variable spreads?

Some brokers offer fixed spreads. This means that the spread (the difference between buying and selling price) is always the same. He is also not dependent on the market situation. The problem here is that usually high fees or insurance premiums have to be paid. In addition, it is difficult to guarantee fixed spreads, because the stock market does not work on the principle. Fixed spreads are generally unnatural.

XM offers the direct interbank spreads for your clients. This also has the advantage that there is no conflict of interest. The spreads are reduced to the lowest and you always get directly the current market prices. It is not better. XM is very transparent here and reaps a clear plus point for us.

XM always offers the best and tightest spreads

Do your first deposit

Now it is your turn to capitalize on the trading account. From our experience, this also works pretty fast. We will give you an overview of this section about the payment methods. You can use electronic methods or a classic transfer for the deposit. Using electronic methods (credit card, e-wallets, neteller, skrill) the money is credited directly to the account. Bank transfer can take 1 to 3 days. There are no fees for the deposit.

Review of the withdrawal

Another important point of a good broker is a quick and easy payment of client funds. It is not uncommon for a broker to experience difficulty in paying large sums and delays.

This is not the case with XM. The company is always liquid and makes payments in less than a day. The fees are to look for in vain. The only fee that can be incurred if you pay less than $ 200 by bank transfer. From my experience with XM, you are with a very secure broker who treats client funds with the highest confidence.

The conditions for payments:

Credit card (VISA, VISA electron, mastercard, maestro)

Electronic wallets (neteller, skrill, and more)

Bankwire

Minimum deposit 5$

Withdrawal within 24 hours

No withdrawal fees (except bank wire under 200$)

Is there a negative balance protection?

Cruel stories about account balances thanks to the extra payroll haunting the internet. Many traders are afraid of additional funding and would like to act without them. These concerns are completely correct.

With XM.COM there is no additional payment obligation. The balance can not end up in a negative balance. The broker will automatically stop all postings before. Should the account balance become negative anyway, XM will compensate him (very unlikely).

XM support and service for traders tested

With XM you get more than one trading account because the customer service is provided by many employees of the company. Over 30 different languages are available in customer support. International employees also work for the company and help you around the clock. Use a telephone, email or chat support.

For example, you can also access professional training and webinars. The webinars are held almost daily and are accessible to every customer. There are also daily market analyzes and even signals to trade. Another plus is the personal account manager from XM. Each customer is assigned an employee who is available for questions and suggestions. It tries to find the best deal for you personally as a trader.

In summary, we can say from my experience that the analyzes offered, etc. Are very well applicable for their own trade. Beginners and advanced traders can expand and improve their knowledge for free. In addition, the service makes a good impression on me.

Facts about the service:

Personal account manager

24/5 support in different languages

Daily webinars and analysis

Service for beginners and advanced traders

Conclusion of the XM forex broker review – scam or reliable company?

XM can hold its own in comparison to other brokers and gets a very good rating from me on this page. With several licenses and regulations, the company exudes a high level of security and trustworthiness. In addition, client funds at XM are managed separately from corporate funds, which eliminates a conflict of interest.

Overall, the broker with its over 1000+ markets offers a very large offer for private traders. Take, for example, markets from distant countries. The portfolio will also be supplemented by the new markets. The metatrader trading platform is also perfect for analyzing markets and opening trades. Diversity for customers is 100% guaranteed by this broker.

Another advantage is the terms of trade and in the deposit and withdrawal. The fees are so low that XM can count to one of the cheapest brokers. The positive features of the company are rounded off by customer support. At XM, you not only get technical help but also a great way to educate yourself in the trade.

The advantages of XM:

More than 1000 different assets

A regulated and safe company

Cheap trading fees

No hidden fees

3 different account types

Metatrader software

Professional support and service

Accept international customers (europe, africa, indonesia, asia, india, china, and more)

In summary, XM is a recommended and trusted forex broker. We highly recommend this company after our test. Happy trading (5 / 5)

Is XM a scam?

Founded in 2009 and with more than a million clients, XM is without any doubt one of the powerhouses in the online trading industry. With a resume like that, it is quite safe to assume that this company can be trusted, but we still wanted to see which security features have been implemented here. In other words, we want to see for ourselves is XM a scam or a legit and reliable company. After spending considerable time trading on their website, we have familiarized ourselves with their security system and will tell you absolutely everything you need to know about in the rest of this text. Read on and see for yourself how a serious company operates.

Is XM a scam? | website reliability

We have tested out every available deposit and withdrawal method. Not a single problem ever occurred and no traces of XM scam were ever noticed. This is because the broker is extra careful when it comes to its clients’ funds which are kept in segregated accounts opened with investment-grade banks. You’ll be happy to know that your money (up to 20,000 euro) is also insured thanks to the investor compensation fund, whereas negative balance protection prevents you from losing more than you have in your account. Other parts of the website, like the trading platform and the customer support work flawlessly too, and the broker has a verisign certificate to prove it. The company is even UNICEF’s champion for children! But there are other evidence that can help you decide is XM a scam. Stay with us to learn what they are.

Is XM a scam? | licenses

You’ll be happy to know that XM is a fully regulated brokerage company on multiple fronts. Given that their headquarters are located in cyprus, it’s not a big surprise that they have a cysec license, and their license number is 120/10. However, the company is also registered with the FCA, IFSC, ASIC and even dubai’s financial service authority, which puts the company beyond any doubt. Furthermore, we have to say that everything on this website is done in full accordance with mifid, a strict directive issued by the european union. Therefore, in legal terms, this broker has absolutely everything a legit broker needs to have and more, so there really is no reason to waste time deliberating is XM a scam or not. Simply put, this is a very professional company that takes excellent care of its clients.

Is XM a scam? | conclusion

As you can see, XM is definitely not a scam but a serious company that puts its clients’ interests above all else. The financial security is absolutely impeccable and the broker has all the necessary licenses and more, which makes trading here one of the safest investments you can make. For more than twelve years these people have been a part of the trading industry, which is quite an achievement. A scam broker simply cannot last that long, not even close. So if you want to be sure your trading partner will treat you well, just open an account on this website and you will always have a place you can visit when an investment opportunity arises.

XM group welcomes new clients with a free $30 no-deposit trading bonus

Website: www.Xm.Com

Office address:

Level 13, 167 macquarie house, macquarie street,

Sydney 2000, NSW, australia

Second office address:

Citypoint building 1 ropemaker street, EC2Y 9HT london, UK

When it comes to choosing a forex broker, something that attracts many new customers is the promise of something for nothing. Those of you reading this XM group forex broker review will be pleased to learn that at the time of writing, XM group is offering all new customers a $30 no-deposit trading bonus. And that’s not all. They’re promising the opportunity to trade forex, stock indices, oil, and gold, using the popular MT4 trading platform, leverage of up to 1:30, and an additional XM group bonus of $5,000. So let’s fill you in on who this brand name is, and whether they are worthy of your time. Trading bonuses are not eligible for clients registered under trading point of financial instruments ltd and trading point of financial instruments UK ltd.

The background and history of XM group forex broker

XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in 2009 with headquarters in limassol, cyprus and is regulated by cysec with license number 120/10. Trading point of financial instruments pty ltd was established in 2015 with headquarters sydney, australia and is regulated by ASIC with license number 443670. Trading point of financial instruments UK ltd was established in 2016 with headquarters london, the united kingdom and is regulated by the FCA with license number 705428.

What XM group is offering to new and regular customers

XM group has plenty to offer both new and regular clients, and you get a feel for their professionalism and high standards when you first take a look at their website. Slick, informative, and not afraid to give all the details, it certainly caught the attention of those of us researching for this XM review.
XM group offers something pretty unique, and that is the 1:30 leverage. But don’t forget that leverage can work both ways, as in forex trading there are opportunities to both win and lose big. There are a number of other attractive qualities such as no re-quotes, no rejections of trading orders, a range of assets for trading such as forex, stocks cfds, commodities cfds, precious metals cfds, equity indices cfds, energies cfds and cryptocurrencies* cfds. XM group has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds, energies cfds and cryptocurrencies* cfds.

*availability is subject to regulations

A wide range of trading platforms for both demo and real accounts

XM group forex broker offers a wide array of trading platforms for those who open demo and real accounts, but the most popular is by far MT4. Metatrader 4 supports an unlimited number of real and demo accounts, as well as expert advisors. The available trading platforms support market, limit, stop, and trailing orders, all accessible from 1 account. Which means that trading operations are swift and flexible. Whatever time, and wherever you might be, XM group is open for business.
Trading platforms available include:

MT4/MT5 for iphone

MT4/MT5 for android

MT4/MT5 for ipad

MT4/MT5 for tablet

Account types available

XM group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads and a level of maximum leverage that can reach the 1:30. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.”. Please include the following note for the XM ultra low account: “XM ultra low account is not applicable to all entities of the group. Account availability depends on the clients’ country of residence.

The chance to benefit from an exciting XM group bonus*

XM group forex broker has gained quite a reputation for a number of reasons and one of them is their very generous set of bonuses. First, there is a $30 no deposit bonus which is available to all new clients, and their site says all profits earned can be withdrawn, and there are no hidden terms. There is also the two-tier deposit bonus scheme: 50% deposit bonus up to $500 and 20% deposit bonus up to the amount of $4,500. We should also mention the XM group loyalty program, with its own set of rewards and incentives, as well as free VPS services, and 0% fees on deposits and withdrawals.

Multilingual customer service 24/5

An important factor to consider when writing any forex broker review is the quality of customer service and support. XM group offers multilingual personal account managers at the disposal of both real and demo account holders. Contact can be made by telephone, email, or live chat. 24 hours a day, 5 days a week.
Beginners will be pleased to learn there is a whole library of educational material, including weekly interactive webinars, free video tutorials, as well as forex news and market analysis.
There is a lot to be said about the high standard of security for payment methods, as well as negative balance protection, no re-quotes, no hidden fees or commissions policy. XM group accepts the most commonly used methods such as credit/debit card, neteller, skrill, bank wire transfer, etc.
All in all, XM group is a very transparent brokerage firm that serves its customers with professionalism and integrity. There are heaps of favorable reviews to read if you want to learn more about them from their customers.

Is XM a regulated broker?

Yes, our review of XM found that clients are protected by many regulators. This broker holds licenses from the cysec to operate in the european economic area, the FCA to operate in the united kingdom, and ASIC for operations in australia.

What account types does XM offer?

There are four different XM live account types available, MIRCO, STANDARD, ZERO, and ULTRA LOW. MICRO accounts offer low-risk micro trader lots from a $5 deposit. STANDARD offers standard lots from $5 deposits. XM ZERO opts for commissions over spreads and starts from $100 deposits. XM ULTRA starts at $100,000.

Does XM offer a bonus?

Yes, there are XM account types that are eligible for bonuses depending on what region you are registering from. New clients in certain countries will receive a $30 no-deposit trading bonus. Terms and conditions apply.

What is XM’s minimum deposit?

The minimum deposit at XM depends on which account type you wish to open. Both the MIRCO and STANDARD accounts are available from a $5 deposit. ZERO accounts are available from $100, while XM ULTRA starts from $100,000 deposits.

Is XM secure?

Yes, XM account types are extremely secure. This reputable broker holds licenses from many regulatory bodies including cysec, FCA, and ASIC. This broker also utilizes both personal data and transmission protect as well as fund segregation depending and other forms of financial insurance.

XM review – is XM scam or legit broker?

Rating

Wide selection of educational tools

FCA, mifid, cysec, ASIC law

300 fiscal tools

Overview/ desktop

Account types

A minimum deposit of 5 together with hedging, together with optional islamic accounts, spreads as little as 1 pip, leverage as large as 1:500, and also a contract bunch size of 1000. Base currency options comprise ZAR, SGD, RUB, GBP, EUR, USD and many others.

A minimum deposit of 5 using optional islamic accounts, hedging up to 200 rankings max, spreads as little as 1 pip, leverage as large as 1:500 and base money options for example the CHF, GBP, EUR, USD, AUD, ZAR and SGD.

These reports require a minimum deposit of 100, together with optional islamic accounts accessibility and settlement granted. The minimum trade volume will be 0.01 lots, and traders may start around 200 rankings max.Commission is comprised and spreads all significant pairs are equally low as 0%. Maximum leverage is 1:500 and the bottom money options incorporate the EUR, JPY and USD.

Traders could start a demo account with a $100,000 virtual balance, or even perhaps a real money account using A25 trading bonus.

Trading platform/ applications

Deposit options

Bonuses

25 trading incentive (for new customers only and all benefits left could be removed )

50 percent deposit up to $500 20percent deposit bonus up to $5,000

Win $50,000 at the 1 billion forex world championship each month

Enjoy exclusive bonuses along with seasonal bonuses together with all the XM loyalty app

Free VPS services

Customer support

Safety

Ease of use

Final thoughts

XM group forex broker review

XM group overview and specifics

XM group bonus system and types

No deposit bonus – the bets forex bonus ever – the no deposit bonus – is still part of the bonus system that XM group website provides to all of its clients. To be more specific only newly registered clients can actually benefit of it. The no deposit bonus here is 30 $ and you can use it only if you are new on the website and have just made your registration with a validated account to trade from.

Welcome bonus – another welcome bonus for all the newly registered clients on the XM group website gives you up to 100% with a maximum reward of 5000 $ of your initial deposit. Unlike the previous bonus, you must make a deposit in advance and then to receive the bonus. So if you deposit 200 $ you can have in your wallet 400 $.

Loyal bonuses and programs – become a regular customer on XM group at some point and you will be able to apply for a loyalty program. This program gives you several extras and special promotions and to reach it you will need to collect a particular amount of points, which are given during your experience on XM group platform.

Special seasonal bonuses – do not forget to check out for special seasonal bonuses on XM group. This forex platform has a tradition to update its bonus system all the time, so you can receive an additional offer throughout your experience here.

Trading bonus and loyalty program are not eligible for clients registered under trading point of financial instruments ltd.

Is XM legit? And who are they?

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

XM safety

Whether a financial provider like XM is safe and legit is an important and very legitimate question one can have. After all you trust XM with your investment money and savings. It is also a very common question, we get this asked a number of times.

One thing worth bearing in mind: all the brokers that you find on brokerchooser are regulated by at least one top-tier authority. So in this basic sense XM is of course legit. Additionally, there are other factors you can take into account when you check the safety of XM, e.G. If XM is listed on any exchange, provide two-step login, disclose transparently its financial result, etc.

Here, we've collected and summarized the common questions on broker safety, enabling you to decide for yourself whether you consider XM safe in your individual circumstances. We also compared XM with two similar brokers.

Is XM legit?

XM	XTB	etoro
negative balance protection	yes	yes	yes
banking background	no	no	no
broker listed on stock exchange	no	yes	no
annual financial statements on website	no	yes	no
mobile two-step authentication	no	no	yes
broker ownership transparency	yes	yes	no
broker management transparency	yes	yes	yes
broker is audited by the big four	no	yes	no

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78.04% of retail CFD accounts lose money

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

XM safety
things always worth considering

When you assess a stock broker it's best to think through the following aspects:

What authority or authorities regulate the broker? In other words who can you turn to if something goes south?

Does it offer negative balance protection?

How much protection do you have?

For how long XM has been in operation?

Is it publicly traded itself?

How transparent is it?

How much do they protect your account from unauthorized access?

What auditor audits the brokerage?

As you see there are a number of aspects above. But not all of them were created equal.

We think the most important feature is to be regulated by at least one trustworthy authority. With a CFD and forex broker, it's also a cardinal info whether the broker provides negative balance protection or not.

Comparing regulators

First and foremost, to gather a wider knowledge about one broker's safety, you should check the regulators of it. For this purpose, we sum up below the most important things to know about regulators and how to interpret them for your individual case.

XM is regulated in the following countries and provide the following investor protection:

XM regulation and investor protection

XM
country of regulation:	cyprus, australia, belize, united arab emirates
investor protection amount:	€20,000 for EEA residents, no protection for others

The investor protection amount and the regulator might differ based on which entity you belong to.

For the avoidance of doubt, it is

By and large your home country (i.E. Your residence, not your passport) that will determine under which regulator you'll fall, should there be more than one regulator.

In some cases you might choose between regulators, and that being said, we recommend you choosing the higher-tier regulator, e.G. FCA over cysec.

Don't forget that regulators are not created equal. Investor protection can also vary from authority to authority. There are top-tier regulators whose excellence lies within their features such as the presence of segregated accounts, the range of protection tools or the investor protection amount itself. Check out a few of the top-tiers in the table below. Most brokers reviewed by BC fall below one of the following four regulators:

Some regulators and their investor protection

FCA in the UK	financial services compensation scheme (FSCS) covers £85,000 of each account's deposits.
SEC, FINRA in the US	securities investor protection corporation (SIPC) covers up to $500,000, including a $250,000 limit for cash.
Bafin in germany	€100,000 for cash, and €20,000 for securities.
ASIC in australia	no investor protection.

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78.04% of retail CFD accounts lose money

As you could see above, XM is supervised by the cysec or cyprus securities and exchange commission. Cysec monitors the cyprus stock exchange, registered brokers and companies, and the transactions taking place on the stock exchange.

Cysec also monitors licensed collective investment funds, registered investment service companies, companies that operate mutual funds and investment consultants. Cysec covers €20,000 or 90% of investor's claim (whichever is lower) per person per firm, in case of broker bankruptcy. They also introduced a negative balance protection. At XM a non-cypriot citizen is treated the same way as a cypriot resident in case something goes wrong.

There are some brokers that provide additional insurance because they have private insurance (e.G.: etoro through lloyd's, among the US brokers charles schwab and ally have similar setups), which means that you have an extra safety net above the regulatory. It's worth checking it out when you're choosing your broker.

XM safety
additional "nice to have" safety features

The subsequent bullet points are rather supplementary, “nice to have” features. Ticking them definitely adds to the safety and legitimacy of an online broker, but not having them is not necessarily a big red flag.

Banking background

XM doesn't have a banking background, which is not crucial, but would mean another guarantee for safety. The reason is that even if it's not required by law that a struggling broker must be saved by its parent bank, in most cases you can count on this happening.

Broker listed on stock exchange

XM is not listed on any stock exchange, hence it's harder to get detailed or any kind of direct information about its financial performance.

Why is being listed on the stock market useful? For two reasons:

Listed companies by and large have stringent reporting requirements

If something really goes wrong with the broker, you'll be able to tell it from the (rapidly falling) share price of the broker in most cases. In this unlikely scenario, you'll have time to move your funds and securities to another broker.

Annual financial statements on website

XM doesn't publish annual financial statements. These are sort of financial reports, which generally contain information about a brokerage's income, profit and loss, retained earnings and cash flows. Not having these exposed to the public doesn't necessarily mean that a broker is not safe or legit, it's just a factor that we should take into account when choosing where to invest or trade.

Mobile two-step authentication

XM doesn't provide two-step authentication when logging in, which is not so pleasing, since it might be easier for hackers to compromise clients' accounts.

Broker ownership transparency

Ownership structure of XM is public, everyone can check the owners of the company on their website, which adds to their safety scores.

Broker management transparency

XM is transparent about their management structure, which means that anyone can see who is in charge of management issues at the brokerage.

Broker is audited by the big four

XM is not audited by one of the so-called big four auditors (KPMG, PWC, deloitte, EY), which is not necessarily an issue, however it would guarantee another layer of safety.

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78.04% of retail CFD accounts lose money

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