XM — Forex Broker Rating, Reviews 2024

XM Group (XM) stands as a conglomerate of online brokers, meticulously regulated and dedicated to providing an abundance of trading opportunities for investors globally. The inception of Trading Point of Financial Instruments Ltd in 2009 marked the beginning of XM’s journey, subsequently receiving regulation by the Cyprus Securities and Exchange Commission (CySEC 120/10). XM Group continued its expansion with the establishment of Trading Point of Financial Instruments Pty Ltd in 2015, which operates under the watchful eyes of the Australian Securities and Investments Commission (ASIC 443670). XM Global Limited was inaugurated in 2017, acquiring regulation by the Financial Services Commission (000261/4). The most recent addition to the group is XM ZA (Pty) Ltd, regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, licence number 49976.

Comprehensive Trading Opportunities

XM enables traders to navigate through more than 1500 financial instruments, encompassing a broad spectrum including Forex Trading, Cryptocurrencies, Stocks CFDs, Turbo Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Thematic Indices CFDs, Precious Metals CFDs,Energies CFDs and Shares. These can be accessed via the advanced XM App and on the revered MT4/MT5 platforms. XM assures transparent real-time pricing, minimal spreads, and adaptable leverage, fostering an environment conducive to informed and secure trading.

Values and Core Competencies

At XM, the essence of business is intertwined with efficiency, speed, and fairness. The award-winning broker is dedicated to providing a trading experience with no requotes and rejections. The bonus policy, combined with tight spreads, positions XM as an optimal choice for traders seeking clean and equitable trading conditions without the constraints of high costs.

*Clients registered under Trading Point of Financial instruments Ltd (CySEC), Trading Point of Financial instruments Pty Limited (ASIC) and Trading Point MENA Ltd (DFSA) are not eligible for the bonus.

Features and Benefits

• Leverage up to 1000:1: Tailored to suit diverse trading needs, enabling flexibility based on the traded financial instrument. *Leverage depends on the financial instrument traded. Leverage is fixed 30:1 for clients registered under EU,AU and MENA regulated entities.

• Multiple renowned platforms: Traders can choose from MT4, MT5, the XM App and Webtrader, for a versatile trading experience.

• Exclusive deposit bonus: Traders can claim up to 5,000 USD to boost their trading. *Clients registered under the EU, AU and MENA regulated entities of the Group are not eligible for the bonus

• Comprehensive education: : With XM, clients can access top-class educational resources including daily Live Education for beginners and advanced traders, webinars 7 days a week, tutorials, and much more.

• Automated account funding: Traders can enjoy seamless and efficient transactions.

• Customizable partner programs: Partners can take advantage of unique solutions to fit their needs.

• Minimum deposit of $5: Trading with XM is accessible to a wide range of investors.

• Tight forex spreads: Everyone can take advantage of competitive pricing.

• Enhanced trading security: XM clients can rest assured they’re in a comfortable and secure trading environment.

• Fractional pip pricing: Traders can benefit from the minutest price movements with the fifth digit (fraction), resulting in tighter spreads and more precise quoting.

Regulatory Assurance

XM Group’s multi-entity structure ensures rigorous regulation by esteemed financial authorities, instilling confidence and trust among its global clientele. The intricate regulatory framework encompasses:

• Trading Point of Financial Instruments Ltd: Regulated by CySEC 120/10.

• Trading Point of Financial Instruments Pty Ltd: Regulated by ASIC 443670.

• XM Global Limited: Regulated by the Financial Services Commission, licence number: 000261/4.

• XM ZA (Pty) Ltd: Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, licence number 49976.

Industry Standard Spreads

XM offers competitive spreads that fall within the industry’s fair range.The default spreads are set to variable and the average EUR/USD spread is 1.6 pips. XM Group elevates the trading experience by offering a diverse range of trading instruments through its robust and regulated entities. The varied product offerings, educational resources, and sophisticated trading platforms underscore XM’s commitment to creating an equitable and efficient trading environment. Please refer to the official XM website for further details on the products, services, and features available across different XM entities.

XM Trading Platforms

XM MT4 Multiterminal: A Symphony of Seamless Trading

The XM MT4 Multiterminal stands as the quintessential platform for traders aiming to manage multiple MT4 accounts effortlessly through a single, intuitive terminal. This system is fabricated to provide ease, featuring one Master Login and Password, enabling traders to orchestrate their transactions fluidly.

Multifaceted Capabilities:

• Management of up to 10 standard accounts.

• Diverse Order Types for versatile trading strategies.

• Three meticulous allocation methods.

• Real-time management and execution for instantaneous trading decisions.

Enhanced, Efficient, and Expedited - XM Multiterminal

Navigate through more than 10 accounts simultaneously, unlocking the gates to the diverse financial markets globally. It’s not just about faster operations; it’s about optimising your trading experience, ensuring better management and more profound insights.

XM MT5 WebTrader: The Gateway to Global Trading

Why Engage with XM MT5 WebTrader? Available for both PC and Mac OS, XM MT5 WebTrader is the conduit to global markets without the need for additional software downloads. Whether it’s Stock CFDs, Forex, or CFDs on Energies, it offers an extensive range of instruments, assuring an immersive trading experience.

Features Unveiled:

• Trade over 1500 Instruments, encompassing a vast spectrum of financial products.

• Instant access and execution of trades via a Web Browser

• Single Click Trading for prompt decisions

• Supports a comprehensive array of Trading Orders

• Compatibility with MetaTrader 5 allowing seamless one-click operations and enriched charting capabilities.

XM MT4 & MT5 App: Trade Anywhere, Anytime

Immerse yourself in a revolutionary mobile trading experience with the refined and advanced XM MT4 & MT5 app. This app is your trading companion, allowing seamless access to over 1500 instruments, instant order executions, and real-time market insights.

App Features:

• Customizable account options

• Instantaneous deposits and withdrawals

• Cutting-edge, real-time charts

• Over 90 comprehensive trading indicators

• Updated news, meticulous analysis, and extensive market research

• Full compatibility with MT4 & MT5 platforms

Embarking on Mobile Trading

Downloading the app is a breeze. Start trading on the go, leveraging the extensive functionalities and innovative features of the XM MT4 & MT5 App.

Embrace the dynamic world of trading with XM, where every feature is a step towards transforming your experience, making it more efficient, and rewarding. Whether you are a novice or a seasoned trader, XM provides the tools and platforms that are designed to elevate your trading journey.

Embarking on Forex Trading: Harness the Power of a Demo Account

When venturing into the extensive realm of forex trading, a demo account emerges as the quintessential starting point for those who might be navigating the seas of currency exchange for the first time. This meticulously designed feature serves as the gateway to unravelling your trading capabilities, allowing you to dive into the vibrant forex market with a sense of security .

• Explore without Risks: A demo account gives you the freedom to execute trades with virtual currency, shielding you from the tangible risks associated with real monetary losses or gains. In this simulated trading environment, every profit or setback is a learning curve, enabling you to grasp the essence of forex market fluctuations and dynamics without any financial repercussions.

• Learn, Strategise and Experiment: The virtual landscape of a demo account offers a fertile ground to sow the seeds of your trading strategies and witness them blossom. It’s a space where market movements become lessons, and placing orders transforms into an art. By engaging in simulated trading scenarios, you acquaint yourself with intricate market behaviours, acquire insights into market trends, and learn to orchestrate your orders with precision and foresight.

• Transitioning with Confidence: Once the nuances of trading strategies are well-absorbed and the understanding of market intricacies is fortified, transitioning to a live trading account becomes the logical next stride. It’s a step imbued with newfound confidence and equipped knowledge, allowing you to navigate the real forex market with real capital. This progression is not just about employing real money; it's about applying learned strategies, managing risks effectively, and making informed decisions to leverage market opportunities.

• Take Your Trading to the Next Level: By initially opting for a demo account, you invest in cultivating a robust foundation in forex trading. It’s a journey of evolving skills, where learning and experimentation coalesce to shape informed, strategic, and mindful traders. Once the labyrinth of forex is traversed with a demo account, stepping into the world of real-time, real-money trading becomes a voyage of calculated risks and informed decisions, poised to harness the multifarious opportunities that the forex market perennially unfolds.

XM: A Pillar of Excellence and Reliability in Global Investment

Since its inception in 2009, XM has exponentially evolved, marking its presence as a prominent and well-established international investment firm. Boasting over 10 million clients, XM stands out as an industry leader, reflecting its relentless commitment and professional prowess in the realm of finance.

Masters of Finance: Uniting for Success

The fabric of XM is woven with over 900 professionals, each imbued with extensive, long-standing experience in the financial industry, enriching the firm with unparalleled expertise and insights. This extensive reservoir of experience, complemented by proficient support in over 30 languages, positions XM as the preferred broker for traders worldwide, irrespective of their level of experience or linguistic diversity. XM, with its vast resources and specialised knowledge, is adept at steering every trader towards realising their investment aspirations, a characteristic feature of a substantial and influential broker.

Global Reach and Diverse Offerings

• Client Base: Over 10 million from more than 190 countries.

• Payment Methods: 25+ secure and versatile options.

• Trading Platforms: 10+ feature-rich platforms.

• Languages Supported: More than 30, ensuring comprehensive accessibility.

• Customer Service: Personalized and client-centric approach.

• Trading Conditions: Fair, ethical, and identical for all clients, disregarding their investment size or account type.

Commitment to Fairness and Reliability

XM is synonymous with fairness and reputability. It serves as a beacon of ethical trading conditions, ensuring equitable treatment and offering identical trading conditions to all clients, regardless of their investment scale or the nature of their account. The broker adheres to a stringent no re-quotes and no rejections policy, manifesting its commitment to providing a trustworthy trading experience.

Significantly, 99.35% of trading orders are executed in less than one second, reinforcing XM’s resolve to offer swift and seamless trading experiences without re-quotes and rejections. In the forex domain, XM believes that execution is the cardinal component, and its business model resonates with this belief, prioritising client funds and partnering with investment-grade banks to reinforce security through segregated accounts.

Assurance and Security

• Negative Balance Protection: Safeguarding clients from losing more than their account balance.

• Human Interaction: Management has visited over 120 cities to connect with clients and partners, valuing face-to-face interactions.

Empowering Traders

XM has orchestrated hundreds of seminars worldwide to empower traders with knowledge, enabling them to refine their trading decisions. Its approach to customer service and outstanding support has resonated with traders, culminating in high client retention. XM’s dedication to nurturing individuals to attain their full potential has been acknowledged by the UK-based organisation, Investors in People, highlighting its commitment to the people we serve.

Why XM is the Quintessential Choice?

XM embraces cultural, national, ethnic, and religious diversity and aligns its advanced trading platforms and flexible trading conditions to a diverse global clientele. Its exceptional services in currency trading, along with CFDs, equity indices, precious metals, and energies, are a testament to an extensive experience and profound understanding of the global financial markets.

XM’s philosophy is grounded in client satisfaction, as we believe it is the gateway to earning their loyalty. Its credibility and reputation are interwoven with the ability to meet and exceed client expectations, ensuring they receive the service they deserve. By staying abreast of industry trends and technological advancements, we are poised to meet the evolving needs of its increasingly sophisticated and discerning clients, without compromising on factors affecting client performance.

Advantages of Engaging in Forex Trading with XM

Elevate Your Trading Experience with 50+ Currency Pairs:

• Revel in the diversity of majors, crosses, and exotics.

• Get access24 hours a day, 5 days a week, ensuring global reach.

• Explore the most liquid market globally, offering numerous opportunities.

• Benefit from tight spreads and guaranteed NO re-quotes.

• Experience transparent trading with NO hidden charges, allowing you to trade with confidence across 10 innovative trading platforms.

Advantages of Navigating Stock Trading at XM

Innovative and Economical Access to Global Equity Markets:

• Trade CFDs on stocks without any commissions, providing a cost-effective approach.

• Engage in speculation on market uptrends/downtrends, enabling a multifaceted trading strategy.

• Adapt your approach by going short/long in alignment with market moves.

• Execute both short and long-term trading strategies.

• Trade CFDs on prominent stocks with a modest investment, optimising financial allocation.

Advantages of Commodities Trading at XM

Revolutionise Your Portfolio without Owning the Underlying Instrument:

• Gain instant exposure to various global economies, broadening your trading horizon.

• Speculate on future market price movements, whether uptrend or downtrend.

• Enjoy a conducive environment, ideal for beginner traders with low deposit requirements.

• Take advantage of falling prices by going short.

• Experience trading with NO stock exchange fees, optimising cost efficiency.

Benefits of Trading Equity Indices with XM

Direct and Economical Access to Global Equity Markets:

• Dive into numerous global economies, offering diverse trading options.

• Speculate on market movements, whether they are uptrends or downtrends.

• Strategize by going short/long as per market evaluations.

• Make use of various trading strategies, both short-term and long-term.

• Enjoy trading with NO hidden fees, enhancing cost-effectiveness.

Advantages of Trading Gold and Other Precious Metals with XM

Dive into the World of Precious Metals Online:

• Trade gold and silver with guaranteed no re-quotes, enhancing trading fluidity.

• Enjoy a lucrative investment alternative to Forex, offering diversity.

• Tap into highly liquid markets, optimising transactional efficiency.

• Flexibly go short or long using the same account, providing strategic versatility.

• Experience trading across 10 advanced platforms with NO extra fees.

Advantages of Trading Oil and Energies with XM

Leverage High Volatility in the Energy Sector:

• Experience greater price movements, opening doors to numerous opportunities.

• Trade oil, the most actively traded commodity globally, and gain a competitive edge.

• Strategise by going short/long as per market conditions.

• Optimise investments with a margin as low as 5 USD.

• Benefit from NO overnight financing on oil CFDs and NO additional fees.

Advantages of Trading Cryptocurrencies with XM

Unlock the Future of Trading, Anytime, Anywhere:

• Trade cryptocurrencies around the clock, 24 hours a day, 7 days a week, and seize any opportunity.

• Enjoy zero commissions on all cryptocurrency trades, ensuring you keep more of your hard-earned gains in your pocket.

• Go long or short on cryptocurrencies, capitalising on both upward and downward price movements.

• Expand your portfolio beyond traditional forex with XM's comprehensive selection of digital assets.

• Benefit from competitive pricing and lightning-fast execution, ensuring you never miss out on the perfect trade.

Advantages of Trading the Revolutionary Turbo Stocks with XM

Turbocharge Your Trading, Leverage Rapid Price Fluctuations:

• Capitalise on volatile intraday movements with CFDs on the most popular stocks.

• Predict and take advantage of both uptrends and downtrends with precision.

• Benefit from competitive pricing, ensuring you get the best possible deal on every trade.

• Say goodbye to unnecessary fees and hello to hassle-free trading, knowing that every transaction is transparent and cost-effective.

Advantages of Trading Thematic Indices with XM

Unlock the Potential of Tomorrow's Biggest Ideas Today:

• Stay ahead of the curve and capitalise on emerging trends before they become mainstream.

• Get instant access to structural themes, trends, and concepts to seize instant opportunities.

• Diversify your portfolio beyond traditional asset classes, mitigating risk and maximising potential returns.

• Trade with confidence, knowing that every transaction is free of unnecessary extra fees and charges.

XM strives to offer a comprehensive and user-friendly trading experience, allowing traders to explore various financial instruments efficiently. Whether you are interested in Forex, Stocks,Cryptocurrencies, Commodities, Equity Indices, Thematic Indices, Precious Metals, or Oil and Energies, XM provides a platform where transparency, innovation, and flexibility converge, enabling traders to optimise their trading potential.

Embrace an Unrivalled Trading Experience

• No Re-Quotes: Enjoy forex trading with real-time execution and no re-quotes.

• Diverse Platforms: Choose from 10+ trading platforms, adaptable to any device.

• Unwavering Commitment: Experience XM’s dedication to delivering superior services, coupled with tight spreads and optimal execution, as we continue to adapt to your evolving needs and the transforming landscape of online trading.

*Please note that the products, services and features advertised here vary between the XM entities. For further information, please visit the XM website.

 

WWW	http://www.xm.com/
Address	12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Headquarters	Limassol
Free phone	+357 25029900
Partnership programs	yes
Expert advisors	yes
Free education	yes
Bonuses, Promotions	yes
Forex contests, competitions	yes
1st deposit bonus	yes
Mobile trading	yes
Automated trading	yes
Demo account	yes
Swaps	yes
Scalping
Hedging	yes
Digits after the dot in quotes	5
Minimum position size	0.01
Spread Type	variable
Pip spread on majors	1-1.9
Leverage	Up to 1000*
ECN, $
Standard account, $	5
Mini account, $	5
Other payment methods
Popular payment methods	Credit/Debit Cards, Neteller, Skrill, Wire Transfer, Local Bank Transfer, Alternative Payment Methods.
Account currencies	EUR, USD, GBP, JPY, CHF, HUF, PLN, SGD, ZAR, AUD, THB
Other instruments	Forex, CFD, Cryptocurrencies, Stock CFDs, Equity Indices, Thematic Indices, Precious Metals, Energies
Other languages
Languages	Arabic, Simplified Chinese, Traditional Chinese, English, French, German, Greek, Indonesian, Italian, , Korean, Portuguese, Russian, Spanish, Turkish, Hungarian, Polish, Hindi, Swedish, Malay, Thai, Vietnamese, Czech, Uzbek, Urdu, Bengali, Dutch, Filipino,
Platforms	Metatrader4, Metatrader5, XM Webtrader
Broker type	Broker
Regulation	ASIC (Australia), CySEC (Cyprus), FSC (Belize), FSCA (South Africa) and DFSA (Dubai)
Foundation	2009

*Please note that the products, services and features advertised here vary between the XM entities. For further information, please visit the XM website