XM Group Review And Rating

Not on the website xm.comThere is no data either on the Internet about where the broker gets its quotes from. There are two kinds of partners that a user can become when starting to trade with XM. Can XM be trusted to provide a good experience to all those who attempt to start working in their partner program? XM is also available on iOS so that nobody gets left out when they decide to switch to trading on the phone. The integration is just as good as with Android phones, so there is no need to worry about not getting your money’s worth when you start trading on your phone. Avramis Bollinger Bands – This indicator allows a trader to identify the sways of a volatile asset, in order to determine what the best potential trade for a specific asset might be.

Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. The stock offering looks especially strong as traders can work with as many as 1261 stock CFDs. The list includes stocks from the U.S., EU, UK, Germany, Netherlands, Spain, Switzerland, France, Greece, Italy, Belgium, Sweden, Finland, Norway, Portugal, Austria, Brazil, and Canada.

How can I deposit into an XM account?

As for those who are more inclined to use banking solutions, XM makes it possible to use a wire transfer to deposit money with the company. Energies – For those who find themselves more interested in the energies sector, XM offers a chance to trade on the highly volatile market. The margins here go as low as 5 USD and no equity research financial modeling overnight financing on oil CFDs. There are three accounts listed which include the commission-free Standard and Micro accounts, and the commissionable Zero account type. There are absolutely zero hidden fees or other commissions for funds that are transferred, and rest easy, as all transfer fees are 100% covered by XM.

xm broker review

The broker runs over 40 webinars weekly in different languages that its clients can join and learn about the markets. The webinars are based on experience level and take place in different timezones to suit its clients. XM offers a 50% deposit bonus up to $500 or a 20% deposit bonus up to $4,500 to new traders. The broker also offers a free VPS service that is very useful to traders running EAs.

The gateway to trading and investment wisdom

It does, however, also increase the potential rewards from trading. To help clients manage real-time high-risk exposure, XM offers the ability to monitor your margin. If the registration is fast with a broker, then the verification took a very long time, more than a week.

The broker’s average spreads for the popular instruments in each market were at par with industry averages. The CySEC offers deposit protection of up to €20,000, making it the best regulator for traders trading with the XM brand. We recommend that you open your account with the Cyprus entity since it is the only one that offers deposit protection to traders if it is available to you.

XM is licensed by the Australian Securities and Investments Commission and XM Cyprus complies with the Cyprus Securities and Investments Commission (Licence Number 120/10). Trading Point of Financial Instruments UK Limited is licensed by the Financial Services Authority . The advantage of the service is that it allows to remove such negative factors as the speed of the Internet connection, computer problems and power outages. With the help of VPS service from XM the client can turn on the advisors for uninterrupted and non-stop work and relieve himself from the need to monitor them.

I would surely recommend this XM broker for any Indian client. While there are a few limitations to using XM’s financial services in certain regions or under some market restrictions, the broker does not miss to make notable upgrades to its user experience. It offers tools with custom indicators to adapt to the needs of every trader. Among all the brokers, XM Group puts forth profound market research.

We found their response time is quick and representatives provide relevant answers. Live chat response was quick, phone support was great and we got the answers to our questions. It’s always nice to know that if you do need assistance at any time, you’ll get it quickly and efficiently. Support is available in a wide range of languages, with native speakers providing assistance to clients in over 25 languages.

What Can I Trade

These factors, calculated into our score, will help you understand if your money is safe. The broker also got a good score in the Customer Support category thanks to the timely and professional answers of the support team. The broker has a good score in the Fees category thanks to moderate spreads in the Standard Account and reasonable swap rates.

xm broker review

This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. In addition to live education, XM offers a general trading course and MT4 tutorials.

The Trustpilot Experience

We were able to speak to a real human through Live Chat within 10 seconds which is extraordinary. Apart from this, the Broker offers Customer Service in 26 different languages. XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy.

How many dollars is 0.01 lot size?

A lot is a standard contract size in the currency market. It's equal to 100,000 units of a base currency, so 0.01 lots account for 1,000 units of the base currency. If you buy 0.01 lots of EUR/USD and your leverage is 1:1000, you will need $1 as a margin for the trade.

A total of 200 variables have been analyzed to help you choose your broker wisely. This chart describes all the categories we evaluated and rated. The absence of cryptocurrencies and other instruments hurt the score in the Tradable Instruments category, but we’ll note that XM offers trade your way to financial freedom a wide range of commodities, indices, and stocks. Predaritelno I did some research on the broker and did not find anything suspicious. All traders have left a relatively positive comments, and I’m one of eteh people. I’ve been collaborating with XM.com broker for more than a year.

A World of Trading Opportunities

We did not encounter any problems during the withdrawal process, which was smooth once we abandoned our plans to withdraw funds back to our credit card. We reviewed the entire process when opening our account, and it was fully digital. Finally, we withdrew our funds to find out if the withdrawal process was smooth. Among the instruments we have tested, XM has low spreads for Gold and Apple, while the spread for Tesla is high. XM also provides access to XM TV, which features videos from the company’s analysts. There is also a podcast called Global Market Insights that has regular episodes.

It would be great to have an alternative terminal using modern technology. For instance, cTrader looks impressive in terms of having everything well placed and informative. Several functions for easy manual trading are more effective there, in my opinion.

xm broker review

The XM demo account is an exclusive benefit given to its users, which offers the same market conditions as real trading. There are no time limits on how long the user can use this demo account. One can directly sign up for the demo feature just after his registration is successful for opening an account on the XM forex broker trading platform. To open a demo account you need to fill an application form and you may also need to add your email address, telephone number, your postal address & other information. To make it more feasible for your trading experience you can select any option according to your preference.

The trade off is a broker commission of $7 per lot round turn charged when opening the trade. Funds availability depend on the funding method, with card deposit being “instant”. If you have any questions or problems contact XM broker live chat. I would wish to confirm that the issue i had raised with XMGloal regarding the misunderstanding between me and the account manager was resolved amicably.

XM review summary

The company emphasizes on trade personalization and excellent customer service. To deliver a successful trade, XM is one of the best forex broker UKhelps its clients with various trading platforms, tools, and services. These services are aimed at meeting the tailor-made investment goals of every client. All traders are able to open a demo account at XM and practice trading without risking any real money. These demo accounts begin with $100,000 in virtual funds and traders can test their strategies on the desktop, web and mobile versions of XM’s platform. Registering for a demo account took me less than 60 seconds.

Especially when it comes to a business that handles and holds money on your behalf. Our query was regarding our credit card withdrawal, which was declined because the refund period for the card had lapsed. The support agent did not clarify how long the refund period was, but advised us to use another payment method. Verify your account using either a national ID or Passport and a bank statement. To open an account with XM, go to xm.com and click on “open an account”.

Of course MT5 also comes with all the technical analysis tools that MT4 became famous for as well. In addition, the platforms are available for both Windows and Mac operating systems, and for both Android and iOS mobile operating systems. In total there are 16 versions of the two platforms available to traders. XM makes five different types of accounts available to their retail clients. Within the educational section, the most valuable information which you can get is the Seminars and the Webinars regarding forex trading. There is the Live Education section, which is a brand new addition as well as the Platform Tutorials, which is also a great benefit to know until you start trading yourself.

The XM covers even the fees imposed by the bank wire transaction. There is a certain limit on the withdrawal, which you can read about in the costumer’s area. While the market is increasing and more and more people are becoming involved in the industry, it is very hard for brokers to maintain their positions and to fight the high competition. The philosophy is very simple, the survival of the fittest. The brokers that have the best offers and the guarantee the best experience to the traders end up being the top brokers with millions of traders on the account. XM’s MetaTrader 4 platform offers traders a full range of features, including over 1,000 instruments.

The users will also be required to produce information on their residence address. Some people find this to be slightly discouraging, but in this XM Forex broker review, we find this reassuring. The demo XM trading account registration requires the user to submit only very basic information, but in exchange, they will be able to receive 24-hour customer support. They will also be able to keep track of their trading history across different accounts. This way they will be able to keep track of the tendencies that persist in their trading, while also protecting their trading information from those who would try to see it. This also allows users to retain a certain level of anonymity, in case they do not want a trading account to end up giving XM personal information.

As one of forex brokers Australia, XM runs its services across multiple tiers of trading categories. There are four types of user accounts that XM offers for its users. The following accounts allow up to 200 open or pending positions for each client. The global market fxtm pro account for forex and commodity trading is a complicated place to gain success. People new to the world of trading financial instruments cannot tread these waters and earn profits by themselves. They need brokers who can assist them in their journey to financial freedom.

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