XM Group Review


Legal Company NameTrading Point of Financial Instruments UK Limited
Websitehttps://www.xm.com/au/
Year Founded2009
Offices LocationsCyprus,UK, Australia
RegulatorsEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
Broker TypeMarket Maker
Minimum Deposit$5
Maximum Leverage500:1
Minimum Spread0.0 pips
Deposit & WithdrawalBank wire, Visa/Mastercard, Skrill , Neteller
Currency Pairs55+
Trading PlatformMetaTrader 4, MetaTrader 5
Web-based PlatformsYes
Mobile AppsYes

*Leverage limitations apply to all the EU regulated entities of the group

 

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.  A very solid broker and one we recommend highly.

XM Group also 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.

Compare XM Global

XM Global vs. Etoro

 XMEtoro
FundingBank wire, Visa/Mastercard, Skrill , NetellerBank wire, Visa/Mastercard, Skrill , Neteller, PayPal
RegulatedEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670UK FCA Registration No.583263 EU CySEC License No. 109/10
Broker TypeMarket MakerMarket Maker
Currency Pairs55+47
Minimum Spread0.0 pips2 pips
Minimum Deposit$5$200
Max Leverage500:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit XMVisit Etoro

XM Gloabl vs. AvaTrade

 XMAvaTrade
FundingBank wire, Visa/Mastercard, Skrill , NetellerBank wire, Visa/Mastercard, Paypal
RegulatedEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670FSCA No.45984, ASIC, FCA, BVI, FFAJ
Broker TypeMarket MakerMarket Maker
Currency Pairs55+50+
Minimum Spread0.0 pips0.7 pips
Minimum Deposit$5$100
Max Leverage500:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit XMVisit AvaTrade

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.

XM Global
4
Xm Logo

Product Name: XM Global

  • Trading Conditions
  • Platform Choice
  • Regulation & Oversight
  • Customer Support

Pros

  • Regulated by ASIC, CySEC and the FCA
  • Spreads as low as 0 pips
  • MT4 & MT5 support

Cons

  • Market Maker broker
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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.
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