Home / Forex Brokers / XM Global Broker Review

XM Global Broker Review

By Jeffrey Cammack Created: Friday, April 19th, 2019 Updated: Friday, May 3rd, 2019
Average Score

4/5

Min. Deposit $5
Max. Leverage 500:1
Min. Spread 1 pips
Regulators CySEC,FCA,ASIC,IFSC
Regulator Origin CySEC FCA ASIC IFSC
Broker Type Market Maker

Summary

XM Group lets traders deposit as little as $5 to open an account; awards leverage up to 500:1, and even offer a bonus for new accounts up to $5000.  A fully regulated brokerage by ASIC, CySEC and the FCA, XM Group offers both demo and real accounts to suit most traders including those interested in tight spreads and automated trading. At XM client funds are the top priority.

XM Group partner with investment grade banks and use segregated accounts to ensure security, your account manager ensures your satisfaction, and customer service is standing ready 24/5, live chat, email and 30 languages.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Bonuses $30 New Customer Trading Bonus
Beginner Friendly Standard
About our review process

Trading Conditions

Minimum deposit $5
Base currencies USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR
Number of FX Pairs 55+
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD 1
GBP / USD 1
USD / JPY 1

Company Details

Company name Trading Point of Financial Instruments Pty Lt
Founded 2009
Website Visit site
Type Market Maker
Regulators CySEC,FCA,ASIC,IFSC
Office locations Australia, Cyprus, UK

Deposit & Withdrawal Methods

Supported Platforms for XM Global

XM Global Broker Detailed Review

XM Group offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Cryptocurrencies and Energies CFDs.  The reason for their outstanding performance is because they can execute 99.35% of their orders in less than a second. Impressive!

Account Types:

XM Group has three accounts to choose from, making it simple to choose the account for you and offers the appropriate amount of diversity.

Micro account:  Open this account with a $5 minimum deposit, and trade in micro lots on the XM platform.

Standard account: A minimum deposit of $5, this account offers traders a larger lot volume on this seamless platform.

Zero account:  With a minimum deposit of $100, this account offers traders 0 pip spreads on some of the major currencies.

All accounts have a swap-free Islamic option, and all allow hedging.

Trading Platform

You can connect, an unlimited number of demo and real account types to the multi-award MetalTrader4 platform. Support for Expert Advisors is available.  XM Global use the MetaTrader suite and are credited with having the best execution policy for trade orders.

The list of trading software gives clients some real choices:

  • MT5 Platform
  • MT4 Terminal
  • MT4 For MAC
  • Web Trader
  • iPhone Trader
  • iPad Trader
  • Android Trader

The XM Trader allows multi-account management for those who want to manage more than one trading account at a time.

Spreads and Leverage

XM Group has a leverage figure of 500:1 (Leverage limitations apply to all the EU regulated entities of the group). A trader has over 60 currency pairs available and over 700 financial instruments available to play with using online trading and utilising 16 advanced trading platforms.

XM Group provides tight spreads as low as 0 pips on the major currency pairs, but the spreads will be higher for accounts other than Zero Accounts.

Deposits and Withdrawals

There are no upper limits to deposits and all the usual cards and bank transfers and a host of web types of account dealings. You can have as low as $5 in your account. You get negative balance protection and no hidden fees or commissions.  XM Group accepts Local Payment Methods including Credit/Debit Card, Neteller, Skrill, and Bank Wire Transfer.

Customer Support

You can join XM Group in almost any language with multilingual account managers available for demo and actual accounts. Support is 24/5. They have an enormous amount of training material, news, analysis and other educational material available for Beginners and experienced traders.

Regulation

The company has a host of operating regulations in place including Australia’s local regulator ASIC under license number 443670.  If you are a resident of Australia, your account will be opened under the ASIC regulated company.  Other regulators from around the world regulate the group’s daughter companies in the XM group.

Overall

In a relatively short time, XM Group has achieved a reputation as a brokerage that makes them the envy of the longer established brokerages. They rate very highly in surveys with customers and operate with integrity and transparency.

Compare Brokers

XM Global FXPro FP Markets Go Markets
Funding Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bitcoin, Bank Transfer Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bank Transfer Visa, Mastercard, Bankwire, POLi, Fasapay, Neteller, Skrill, PaySec, BPay Visa, Mastercard, Bankwire, POLi, Fasapay, Neteller, Skrill, BPay
Regulated CySEC FCA ASIC IFSC MAS ASIC ASIC
Broker Type Market Maker Pure STP Pure ECN ECN
Currency Pairs 55+ 70+ 50+ 50+
Minimum Spread 1 0.6 0.1 0.2
Minimum Deposit $5 $100 $100 $200
Max Leverage 500:1 500:1 500:1 500:1
Visit Website Visit XM Global Visit FXPro Visit FP Markets Visit Go Markets
Expert Review Read review Read review Read review Read review

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign Up