bestfxbrokers.com
Best FX Brokers

XM Group Review

Established: 2009Website: www.xm.comRegulation: CySEC, IFSC, ASIC, FCA 5/5
Platform5/5Customer Support4/5Account Management4/5Leverage & Bonuses4/5Reliability / Security5/5
Topics Included:

Our expert review of XM Group forex broker discovered that it offers you 1,200+ instruments with low spreads. This award-winning brokerage helps you create a diverse portfolio with currency pairs, stock CFDs, commodities, indices, precious metals, and energy options.

Established in 2009, XM Group’s solid licenses – including one from the Cyprus Securities and Exchange Commission (CySEC) – and Investor Compensation Fund (ICF) membership give you peace of mind when executing trades.

XM Group gives you insightful training materials, access to MetaTrader 4 and 5, a free demo account loaded with 100,000 USD in virtual funds, and much more.

Continue reading our XM Group review to learn about its zero-commission accounts, ultra-fast execution speeds, and why it’s one of the best brokers for beginners and advanced traders.

XM Regulation and Background

Founded in 2009 and based in Cyprus, XM Group has 3.5 million clients and operates in 196 countries. This trustworthy broker holds a license from the Cyprus Securities and Exchange Commission (CySEC) through its parent company Trading Point Ltd. XM Group’s reputation for excellence led it to win the Global Forex Broker of the Year award in 2020.

Our XM Group broker review discovered that this brokerage adheres to regulations set by:

XM Group further ensures your online trading safety by storing your funds in segregated accounts at tier-one banking institutions. The broker also uses Secure Socket Layer (SSL) encryption technology for all transactions and employs investor protection measures enforced by the Markets in Financial Instruments Directive (MiFID).

It impressed our XM Group broker review team to find that it is also a member of the Investor Compensation Fund (ICF). This protection scheme gives you compensation of up to 20,000 USD if the brokerage can’t fulfill its financial obligations. These secure trading conditions make it stand out as one of the safest brokers on the market.

This means you can trade 1,200+ instruments of currency pairs, stock CFDs, commodities, indices, precious metals, and energies with peace of mind.

XM
  • Website: www.xm.com
  • Support: +357 25029933
  • Leverage: 1:30
  • Min. Deposit: 5 USD
  • Spreads: from 0 pips
  • MacWindowsAndroidLinux
Advantages
line
  • Very low spreads
  • Multiple regulatory locations
  • Free VPS access
  • Stock CFD access
Disadvantages
line
  • Larger deposits needed for full benefits
  • Support available 5 days a week

XM Account Types and Trading Conditions

This review of XM Group forex broker discovered that opening an account is extremely straightforward. Choose a XM Group trading account types that suits your needs:

*Maximum leverage is 1:30 for EU clients and 1:500 for Australian clients.

All XM Group trading account types come with zero commissions, are available as Islamic accounts, and give you free access to a demo account loaded with 100,000 USD in virtual capital. Unlike demo accounts with other brokers, this one does not have an expiry date. Our experts agree that using a demo account is a great way for you to practice your trading strategies without financial risk.

While conducting this XM Group review our expert team found that you can gain free access to a VPS. All you need to do is maintain a minimum amount of 5,000 USD to use the XM Group VPS without charge. This lets you execute rapid trades without an internet connection to ensure you never miss out on the latest opportunities.

Want rapid execution on your trades without depositing 5,000 USD? Don’t worry, you can use the brokerage’s VPS for a small monthly fee of 28 USD.

How to Fund Your XM Broker Account

XM Group accepts varied payment methods and doesn’t charge you extra fees. You can deposit and withdraw your funds via Visa (Credit, Debit), Visa Electron (Credit, Debit), Mastercard, Maestro, UnionPay, Neteller, Skrill, Sofort Banking, Bitcoin, and through bank transfers.

The broker processes all deposits instantly to help you make quick trades. However, XM Group processes withdrawal requests within 24 hours. Once processed, withdrawals via e-wallet usually arrive in one working day, whereas credit/debit card payments and bank transfers take between two to five working days to appear in your payment method account.

This XM Group review also discovered the broker covers any transfer fees imposed by banks if they are above 200 USD. This no-fee policy, along with XM Group’s minimum deposit requirements of just 5 USD, makes it one of the fairest brokers on the market.

XM Mobile and Desktop Trading Platforms

This trusted broker offers you the option to trade 1,200+ instruments which include forex, CFDs and futures with MetaTrader 4. Our review of XM Group found that if you want to trade CFDs on stocks, stock indices, precious metals and energies, the broker gives you access to MetaTrader 5.

You can use MT4 and MT5 on mobile and desktop. You can also choose between downloading the platform onto your computer or running it within your browser. You can also download each platform as an app on both iOS and Android devices. All versions sync together to allow you to start a trade at home and close it when you’re on the go.

MetaTrader 4 features various useful tools and functionalities to help you make savvy investments. These include technical indicators, robots, research tools, charting mechanisms, trading signals, economic calendar, and scalping options. MetaTrader 5 has all the same features as MetaTrader4, but includes a greater selection of technical indicators, graphical objects, timeframes, and other tools.

Our XM Group forex broker review team recommend you turn on push notifications (available on MT4 and MT5) to keep up to date with the latest market movements.

XM Education and Training

Our XM Group broker review found that it gives you access to an array of insightful educational resources aimed at new and experienced traders.

If you’re a beginner looking to make more informed decisions, the brokerage has got you covered. It provides you with videos that cover varied fundamental topics on money management, strategies, and much more. It also has platform tutorial videos and hosts forex webinars.

For advanced traders, its training and research section features live trading streams, a markets overview, technical summaries, an economic calendar, and a list of trade ideas.

The broker’s emphasis on transforming beginner traders into expert traders makes it stand out amongst its competitors. It especially impressed our experts to discover that XM Group also broadcasts podcasts and uploads videos that outline the latest trading news headlines.

Customer Support at XM

This trusted brokerage provides you with customer support 24/5 between 05:00 – 19:00 GMT in 30 different languages. Our expert XM Group review team contacted the broker’s support desk at various times and found each agent to be professional and quick to answer our queries. There are three ways you can contact customer support:

Although XM Group’s support department is only available 24/5, they do have an extensive list of FAQs that provide detailed answers to common queries.

XM – Final Summary

Our review XM Group forex broker found it to be one of the best for beginner and experienced traders. Its years of trading experience, various licenses from solid institutions, and fund protection schemes also prove that it’s one of the safest brokers around.

When combining these safe trading conditions with over 1,200+ instruments available to trade, free demo account access, and first-rate training materials, it’s easy to see why XM Group won the Global Forex Broker of the Year award in 2020.

Our expert opinion? We recommend that you follow the easy sign-up process to trade with this top-rated broker today.

FAQs

As our review of XM Group found, you can sign up to this broker easily. Simply choose the account that suits your trading needs and follow the instructions outlined on the XM Group’s website to verify your details. Once verified, you can safely trade 1,200+ instruments with mobile and desktop versions of MetaTrader 4 and 5.

Yes, XM Group is completely safe as it follows strict regulations enforced by the Cyprus Securities and Exchange Commission (CySEC). It also holds licenses from reputable financial institutions across the globe, stores your funds in segregated banking accounts, and is a member of the Investor Compensation Fund (ICF) to further guarantee your trading safety.

With XM Group you can trade 1,200+ instruments of forex, stock CFDs, oil, gold and stock indices. The broker offers you a wide range of assets compared to other brokers with CFDs commodities such as cocoa and soybeans.

XM does not charge you any commissions when you make a deposit, withdrawal or trade. Instead, like the best forex brokers, they make commission through the spreads. However, these are still very competitive.

To trade with XM Group, you can open a Micro or Standard account with 5 USD. If you want to open a XM Zero Account, the minimum deposit is 100 USD. However, this professional option gives you spreads as low as 0 pips and other great trading benefits.

Most visited Forex reviews in 2021


.
Copyright © 2021 Bestfxbrokers.com | All Rights Reserved