XM Broker Review 2021
Trading terminals:
Trading terminals:
Summary of XM Group Trading Company
XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.
If you have an account with XM Broker via the Traders Union affiliate link, you will receive up to 100% spread compensation. If you already have an active account with this broker, use the affiliate code ID — 924 or contact the Traders Union customer service.
👍 Advantages of trading with XM Group:
- XM Broker guarantees 100% execution of orders, 99,35% of orders delivered nearly instantly. No requotes guaranteed;
- no “markup” on narrow market spreads (broker's margins over the spread);
- over 1,000 trading instruments. Available for trading are: more than 55 currency pairs, including CFDs on cross rates, metals (including palladium and platinum), commodities (cocoa, cotton, grain), stocks;
- no commission for replenishment and withdrawal of money. XM Broker incurs all commission costs of payment systems;
- around the clock support for 5 days a week in more than 30 languages.
👎 Disadvantages of XM Group:
- passive investment services (social trading platform, PAMM accounts);
- expanding their limited choice of trading platforms. Despite the fact that the broker offers 16 terminals, all of them are modifications of MT4 and MT5 for desktop, browser and mobile trading.
Overall
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Visit XM GroupTop 3 XM Group Customer Reviews
This broker is user friendly. Unlike bucket shops, there are no requotes or slippage in both directions.. MT5 has a Level 2 order book with prices and order volumes - transactions are actually sent to the foreign market. They have reliable customer service partners who will answer your questions. They partner with Integral and Currenex. You will also have access to learning resources.
I have been working with this broker for more than 3 years, I have mixed impressions. There are no problems with money withdrawal; everything is within the offer. Although I have experienced issues concerning the execution of orders and their customer service is slow but overall, I am happy with the service and will continue to use it.
I have experienced little slippage on STP or ECN accounts; however, there will always be slippage in both positive and negative directions. After all, quotes change in fractions of a second, and slippage in 5 digit quotes. It is the XM Broker that has little slippage, believe my experience.
XM Broker Latest Comments for 2021
The reviews by customers of the XM Group indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of XM Group published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
Huge training base. It so happened that at the beginning I got hooked on videos from xm com and only after that I decided to start trading. So, little by little, my income increased from $25 to $50, not without the help of a bonus, of course, otherwise, it would be unreal to double the deposit so quickly. I was satisfied with the speed of the terminal and that the pendants always work as expected. There is no need to be afraid that the position left for a while will be closed against the client's forecast
The manager's support had a positive effect on the deposit. Thanks to his advice, I was able to trade with oil with a profit of $267. Moderate swaps, low spreads, correct operation of the terminal are the components of xm com. Now the main thing is to make a profit because, to be honest, I have not tried to withdraw money in 3 months of working with the company, so I hope everything will be OK.
As expected, two pending orders were closed with profit strictly according to my forecast. So be sure, pendants work well in the XM group.
I like the fact that the amount requested was withdrawn in full. I ordered $600, and that exact amount I had got on the card. XM group covers commissions in full both when withdrawing and replenishment.
I started trading about a year ago with a different broker and due to lack of experience, I did not succeed. After a break, I decided to try again. Following my friend’s advice, I switched to XM Broker broker. It is much easier to use and is more convenient to trade here. This time I trade more confidently. There is already a good profit. I hope that I can double-up my money. The exchange market is a great way to invest. However, a crucial role is played by the choice of a broker. I am happy that I tried again and that XM Broker Has already proven itself as a great broker.
XM Broker broker has not disappointed me. I can recommend it for several reasons. Firstly, the company is reliable. Secondly, there is a stable withdrawal of money without delay. Thirdly, a huge selection of accounts, platforms, and tools for trading. My basic principle of investing is not to be afraid to take risks, but at the same time, the risk should be justified. The materials at the company’s website help to conduct a thorough analysis, I can understand whether it is worth risking and investing or not. This is really a win-win company. Among other advantages are that the broker is legit and that the staff is friendly, and polite. I’m going to stay with the broker and keep it this way - I just like the process of trading here
The most important thing in a broker is reliability. If you cannot be completely confident in your broker, then it makes no sense even to open a demo account with such a company. I’m sure in my broker and I’ve also got excellent trading conditions. Overall, they make a good impression. All issues were resolved by the customer service. If I managed to earn money, there were never any problems with the withdrawal. Everyone has different criteria, so it’s difficult to say what a good or bad broker should be like. On the one hand, they do not interfere with trading, and it is convenient for experienced traders. However, as a beginner, a person needs to test the waters. For six months the company has been showing a good result according to my observations: it is actively developing, improving its website and trading conditions, the customer base is growing every day. They pay attention to the customer’s wishes. However, there is still a room for improvement and, in my opinion, this a good s
Video Review of XM Group
Expert Review of XM Group
XM Broker can be safely recommended to those who are interested in professional trading with high order processing speed and optimal level of commission. The first thing worth noting is that it has licenses of three leading regulators in the world simultaneously. These are ASIC (Australia), IFCS (Belize), CySEC (Cyprus).
The second moment is the types of accounts. The broker guarantees the same quality of execution for all types of accounts, which means a minimum of requotes, slippages and instant overlap of orders with counterparty counter transactions. The level of leverage complies with the European standards (including the MiFID directive that all CySEC licensees work in accordance with). There is an average market spread. The maximum leverage for clients registered under the EU regulated entity of the XM Group is 30:1.
Attractive trading conditions for novice traders are also worth noting. The minimum deposit is 5 US dollars; there are cent (micro) accounts with a lot equal to 1,000 units. Thanks to its elaborated service and high-tech platforms, XM Broker is rightfully one of the best companies in the Traders Union rating.
Analysis of the Main Features of the Forex Broker
Dynamics of the Popularity of XM Group
in 2020 among the Users of the Traders Union
Investment Programs, Available Markets, and Products of the Broker
XM Broker broker is focused on providing professional trading services, because its policy does not provide for passive investment programs. However, as an aid to active traders, the company provides several support services, which are worth considering in more detail.
MQL5 Trading Signals
MQL5 is a community of traders from all over the world located on the platform of MetaQuotes company, the developer of Metatrader platforms. XM Broker offers direct access to MQL5 trading signals from traders with productive trading for more than 1 month. In addition, traders get direct access to the programming environment directly from within the broker's trading terminals.
Advantages of MQL5 signal copy service:
-
automatic copy trading from MQL5 website (there is an option of manual copying);
-
signals can be combined with algorithmic trading (creating advisors based on MQL5 signals using a program code inside the platform);
-
copy service is already built into Metatrader.
Disadvantage: signals are provided for 1 month, after which the question about paying for a subscription appears. One trading account can be subscribed to only one signal provider.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Free trading signals from trading guru Avramis Despotis
Signals are available for the owners of real accounts and are provided for gold, oil, 2 stock indices and 10 currency pairs. The frequency of signals is 2 times a day.
XM Broker affiliate program
XM Broker offers only one variant of affiliate program with the following conditions:
-
up to 25 US dollars for each lot;
-
10% for the second referrals level (you can build a multi-level affiliate network and earn a percentage of the referrals trade costs);
-
CPA payment plan up to $ 650 depending on the country of residence of the referred client. (for clients whose country of residence is within the EU, UK and Australia), with the exception of Spain and Portugal, XM does not pay for referred clients with residence in Spain or Portugal.
Affiliate program profitability statistics is available in your Personal Account.
Rebate and Discount Programs of the Traders Union for XM Group
The rebate service of the Traders Union offers you to further reduce trading costs by compensating daily for the part of the spread that you spent during trading with XM Broker. If you have not opened an active trading account yet, at XM Broker you can do this for free by clicking on the partner link at the Traders Union website. Preliminary registration is required at the Traders Union website. It is free. Compensation is accrued on both profitable and loss-making transactions, including automatic trading using MQL5 signals.
Information
Regardless of the type of account, the Traders Union remuneration is 10 US dollars for each full lot. The amount of compensation to the trader is 80%.
Example. The trader holds 1 lot per day for a EUR/USD pair. On all accounts except Micro, 1 lot corresponds to 100,000 units. For 20 working days of the month, the trader will conduct transactions in the amount of 20 lots. Traders Union receives compensation of 10*20=200 US dollars, of which 200*0.8=160 US dollars is compensated to the trader.
Try it! You’ll like this!Trading Conditions for XM Group Users
Trading conditions of XM Broker are ideal for both novice traders and professionals. There are cent, standard and ultra low spreads accounts, loyal minimum deposit requirements, a relatively large leverage. To test strategies, get acquainted with the functionality of platforms and test their potential, a demo account is provided.
Micro, Standard — 5 US dollars, XM Ultra Low — 50 US dollars, XM Zero — $100
Minimum
deposit
Up to 1:888 (*The maximum leverage for clients registered under the EU regulated entity of the Group is 30:1. Leverage depends on the financial instrument traded)
Leverage
24/5
Support
| Trading platform: | МТ4, МТ5 (16 platform modifications) |
|---|---|
| Accounts: | Micro, Standard, XM Zero, XM Ultra Low (*XM Zero and XM Ultra low accounts are not available to all the entities of XM Group) |
| Account currency: | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR (can be changed depending on the account type) |
| Replenishment / Withdrawal: | Neteller, Moneybookers, VISA, VISA Electron, MasterCard, Maestro and China UnionPay |
| Minimum deposit: | Micro, Standard — 5 US dollars, XM Ultra Low — 50 US dollars, XM Zero — $100 |
| Leverage: | Up to 1:888 (*The maximum leverage for clients registered under the EU regulated entity of the Group is 30:1. Leverage depends on the financial instrument traded) |
| PAMM-accounts: | No |
| Min Order: | From 0.01 lot |
| Spread: | Micro, Standard — from 1 pip, XM Ultra Low — from 0.6 pip, XM Zero — $3.5 |
| Instruments: | CFDs on currency (including cross rates), shares, stock indices, precious metals, energy products |
| Margin call/Stop Out: | 50%/20% (The margin call and stop out levels for clients registered under the EU regulated entity of the Group are 100% and 50% respectively) |
| Liquidity provider: | n/a |
| Mobile trading: | Yes |
| Affiliate program: | Yes |
| Orders execution: | Market Execution, Instant Execution |
| Trading features: | There are Islamic accounts; it is possible to connect to the MQL5 trading services. |
| Contests and bonuses: | Yes (*Clients registered under the EU regulated entity of the Group are not eligible for the bonus) |
Comparison of XM Group with other Brokers
| XM Group | FxPro | Admiral Markets UK | AvaTrade | FXTM | |
| Trading platform |
MT4, MT5, MobileTrading | MT4, MobileTrading, MT5, cTrader | MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition | MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option | MT4, MT5, MobileTrading, WebTrader |
| Min deposit | $5 | $100 | $200 | $100 | $1 |
| Leverage |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:25 to 1:500 |
From 1:200 to 1:400 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 1 point | From 1 point | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 25% / 20% | 100% / 30% | 25% / 10% | 40% / 20% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | $30 | $100 | No | No | No |
| Cent accounts | Yes | No | No | Yes | Yes |
Broker comparison table of trading instruments
| XM Group | FxPro | Admiral Markets UK | AvaTrade | FXTM | |
| Forex | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | No |
| Crypto | No | No | Yes | Yes | Yes |
| CFD | Yes | Yes | Yes | Yes | Yes |
| indexes | Yes | Yes | Yes | Yes | Yes |
| Stock | Yes | Yes | Yes | Yes | Yes |
| ETF | No | No | Yes | No | No |
| Options | Yes | No | No | No | No |
Commissions & Fees XM Group
Traders Union analysts have analyzed the main and additional commissions for each XM Broker account. There are no additional commissions on all accounts except XM Zero, which provides exchange commission for the fixed volume of transactions.
| Account type | Spread (minimum value) | Withdrawal commission |
| Micro | From $0.1 | No |
| Standard | From $10 | No |
| XM Ultra Low | From $6 | No |
| XM Zero | From $3.5 | No |
There are no hidden commissions; there are no commissions for replenishment and withdrawal of money. There is a floating commission for shifting transactions to the next day (swap) - the size depends on the market situation. Besides, the Traders Union analysts prepared a comparative analysis of the main commissions of XM Broker with the similar commissions of competitors and conducted a comparative assessment.
| Broker | Average commission | Level |
| XM Group | $6 | Medium |
| FxPro | $13.2 | High |
| Admiral Markets UK | $5 | Low |
XM Broker offers fairly medium rates that are comparable to the quality of services provided. You can further reduce trade costs with the help of a rebate from the Traders Union.
Detailed Review of XM Broker
XM Broker broker is one of the leading European brokers working in the Forex services sector for more than 10 years. During this time, the company has developed an innovative technological base that allows it to outperform its competitors in many respects. First of all, we are talking about the speed of orders execution and minimal slippage.
XM Broker is a universal broker. It sends client orders directly to liquidity providers or to the ECN network. End-to-end processing of orders allows us to guarantee the execution of more than 90% of applications with a speed of less than 1 second with narrow market spreads from 0.6-1 pip without a “markup”.
XM Broker — CFD-broker that is comfortable to be with
The XM Broker team decided to concentrate directly on providing active trading services. Constantly improving platform technology and data transfer, XM Broker has been able to achieve good results in this direction. The company offers more than 1,000 different trading instruments. XM Broker is one of the few brokers that added to classical instruments such assets as cotton, palladium, CFDs for shares of individual companies - there is everything for building complete correlation trading systems and a diversified investment portfolio. In the future, the addition of cryptocurrencies is expected.
Advantages:
European regulation (XM Broker is licensed by 3 regulators).
Classic MT4 and MT5 platforms in various modifications, but still the same familiar to most traders.
There are micro accounts for novice traders and standard accounts.
Free Forex market analysis.
There are daily Forex webinars and free signals.
There is protection against negative balance.
XM Broker focuses on active trading, that is why there are no PAMM accounts and direct copy trading here, traders can directly connect to the MQL5 service from the platform, where you can copy tradings of individual traders, take part in algorithmic developments or discussions of trading topics.
How to Start Making Profits — Guide for Traders
XM Broker has several types of accounts:
You can get acquainted with the potential of XM Broker by opening a demo-account.
Bonuses paid by the broker
*Clients registered under the EU regulated entity of XM Group are not eligible for any bonuses/promotions and the XM Loyalty Program.
“$30 Non-Deposit
Trading Bonus for new clients only.
50% Bonus.
The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000.
Promotions.
They have a limited period of validity and are periodically repeated (stay tuned for updated information at XM Broker website). Participation in promotions gives you the opportunity to participate in sweepstakes and lotteries with real cash prizes. There may be requirements for a minimum deposit balance.
Bonus offers on the loyalty program.
Accrued depending on the turnover. The greater the turnover, the higher the status of the trader and the more points are awarded to him, which can be exchanged for credit bonuses.
Bonus from Traders Union.
Traders Union offers all customers of XM Broker an opportunity to save even more by using the rebate service. Follow the link to XM Broker website, open a live account, earn money and receive partial spread compensation on the Traders Union account every day. Current XM Broker customers can also take advantage of the Traders Union offer. Read here about how to link two accounts together, or contact the Traders Union customer service.
Investment Education Online
Information
XM Broker has dedicated a separate section to training, which focuses on video content. Novice traders can watch the video, which describes the basic functions of the broker's platforms. There are also webinars and seminars conducted repeatedly at the site. The subjects are the most diverse - from the basics of fundamental and technical analysis to the development of trading systems.
All these tools are more of an auxiliary nature, giving traders the opportunity to build up their own experience and their own views on trading systems and trading.
Security (Protection for Investors)
Information
XM Broker is licensed by three leading global regulators: ASIC (Australia), IFCS (Belize), CySEC (Cyprus). The CySEC license means that the broker operates in the European legal field regulated by the MiFID directive I and II. All customer accounts are separated from brokerage accounts for operating activities and are in the European banks.
👍 Advantages
- There are segregated accounts
- Protection from negative balance is provided
- There is a technology of Personal accounts and account protection from unauthorized access
👎 Disadvantages
- Submission of claims to the regulator for small amounts does not make sense due to subsequent financial and time costs
Withdrawal Options and Fees
-
XM Broker works with almost all types of payment systems and electronic wallets. Several credit cards, payment systems, bank transfer, replenishment through local banks are available to traders. Detailed information on replenishment and withdrawal methods can be found in the Personal Account.
-
Withdrawal procedure is regulated by the broker's internal documents and provides for prioritization. The priority is to withdraw to credit and debit cards, then, electronic wallets are among the priorities.
-
The time for processing a request is 24 hours, withdrawal time is in accordance with the technical capabilities of payment systems (up to 5 business days). The number of requests is unlimited. The withdrawal currency corresponds to the deposit currency; in case of a discrepancy, the broker automatically converts it at the average exchange rate.
-
There are no commissions for withdrawing and replenishing funds. Exception: commissions charged by banks for replenishment / withdrawal of amounts over 200 US dollars or equivalent.
Customer Support Service
Information
Customer service is available to each user around the clock 5 days a week (except holidays).
👍 Advantages
- There is an online chat and telephone support
- More than 30 languages
👎 Disadvantages
- Does not work on days off
Communication with customer service:
-
online chat;
-
e-mail (look for the e-mail address according to your country at the broker’s site);
-
telephone.
Before contacting customer service, look in the Questions and Answers section - maybe the information you are interested in is already there.
Contacts
| Registration address | No.5 Cork Street, Belize City, Belize, C.A. |
| Regulation |
ASIC (Australia), IFCS (Belize), CySEC (Cyprus) |
| Official site | https://www.xm.com |
| Contacts |
Email:
[email protected] (CY),
[email protected] (AU).,
Phone: +357 25029933 (CY), +612 8607 8385 (AU) and +501 223-6696 (BZ) |
Review of the Personal Cabinet of XM Broker
You can start working with XM Broker by opening a real or demo account, for which you need to click one of the buttons on the broker's main page. The initial deposit amount of the demo account is 100,000 US dollars, but after its opening, you get access only to the platform. To gain access to your Personal Account, registration of a real account is required.
Fill out the registration form: Name and surname, country/city, phone, email. Be sure to indicate the platform and type of account. Data is entered in Latin letters.
The account number, which is your login, will be sent to the indicated email address. In the future, you will need to download the platform from the broker's website and tie this account to it. Having received the data, we enter the Personal Account. Please note that registration takes 10 minutes and provides only the opportunity to get acquainted with the functionality of the Personal Account. For further registration and subsequent trading, you need to go through verification.
The following options are available in the Personal Account:
There are also many other useful functions and features:
-
Changing the password and going through two-step authentication.
-
Request for using a VPS server (available only after verification).
-
Access to trading signals, customer service, to the Invite a friend affiliate program.
Tags:
xm broker xm com xm forex xm trading xm.comThe Oldest Reviews of the XM Group
The reviews by customers of the XM Group indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of XM Group published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
My friend Charles and I came to XM Broker through an affiliate program. Then we started making by trading currency pairs. We were helped in this by training programs that we continue to master and we really like it. In the future, we plan to broaden our horizons and start using other trading tools. There were never any problems with the withdrawals. We are satisfied with the company. We wish you all good and easy additional earnings!
In cooperation with XM, I, unfortunately, did not manage to avoid slippage. However, unlike with the other brokers, I liked the quick response to my inquiries from XM. A big advantage for me is the various options for working with currencies, although I have not yet reached the earnings I need. I can’t say that XM is the best broker for trading deals, but prompt technical support and good service help to overcome these difficulties.
As a novice trader, I was very afraid of the risks. That is why I decided to start my activity by opening a demo account. Slowly, step by step, I am mastering the skills of Forex trading. XM proved to be an efficient and easy tool. The terminals are user-friendly, the customer service is friendly and fast. So, I decided to start earning with this very broker. I have great hopes for our cooperation, because I see how dynamically this broker is developing.
As a professional trader, I decided upon XM. I am satisfied with good service, low spreads and quick response of the customer service to any inquiries. In addition, a large selection of working tools gives good chances for a further expansion of activities, and, accordingly, an increase in income! This is why I continue my cooperation with XM broker.
My wife began to earn at the forex market first. However, I saw that she had certain difficulties in working with a broker. Of course, I decided to help her choose the right tools for her business and, which is the most important, the right broker. Thus, I joined the search for this right broker. We settled on XM Broker. My wife is quite happy, and I began to earn by trading currency pairs. We are generally satisfied with the work of the broker, especially since we are going to buy a new house)
I have been engaged in trading for more than five years. As a broker, XM attracted me with its mobility and the availability of a large choice of trading instruments for professional activities. I am glad that the company does not stand still, but is actively developing together with its customers) I intend to continue improving my skills thanks to XM tools. Thank you for the cooperation!
XM Broker was recommended to me by a friend who had been working with it for 1 year and was very pleased with the spreads. As a broker, XM was to my liking because of the good service, which cannot be said about many other brokers. And while I'm getting used to this new business for me, working with XM is convenient and quite simple. So I’m quite pleased with the collaboration with XM.
Author of this Review
Latest Forex Articles that may help you
FAQs
Do reviews by traders influence the XM Group rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about XM Group you need to go to the broker's profile.
How to leave a review about XM Group on the Traders Union website?
To leave a review about XM Group, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about XM Group on a non-Traders Union client?
Anyone can leave feedback about XM Group on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with XM Group through Traders Union?
Because you will receive additional payments from Traders Union every day while all other functions on your chosen trading platform remain the same.
Traders Union Recommends: Choose the Best!
