Online Trading IN

XM Group Review

4.5/5

XM Group is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 and is regulated by the Financial Services Commission (000261/309). This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs, and more with some of the most reliable and fastest order execution available. The company prides itself on the statistic that over 99% of its trades executed in less than 1 second and serves over 2.5 million clients in 30 languages across 190 countries.

Regulated by strict financial authorities in all the relevant jurisdictions, XM doubles down on its reputation by providing a healthy mix of the functionality that users want most: security, support, easy account funding and withdrawals, and low fees. This constructive combination makes XM a smart place to start a trading career or take it to the next level.

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XM Group Pros & Cons
Pros
  • Wide variety of assets
  • High leverage
  • Live chat and other accessible support in 30 languages
  • No commissions
  • Non-expiring demo account
  • Lightning-fast execution
  • Beginners education and live analysis
Cons
  • No cryptocurrencies
  • Only MetaTrader platforms available
  • ETF trading not supported
  • Funding with PayPal unavailable
  • No customer service during weekend hours
Who Is XM Group Recommended For?

Any XM users will be well-served by the various types of accounts offered at the outset of their membership, but negligible utility between them means that one can’t really ever pick the “wrong” account. That said, the ideal XM user should be familiar with MetaTrader 4 or MetaTrader5, because these are the only platforms that connect to the XM brokerage service.

As there is a slight learning curve related to MT4 and MT5, it’s recommended that one already have some trading experience before depositing money to XM, or at least that they play around with one of XM’s non-expiring demonstrational accounts first.

Regulated By
  • Australian Securities and Investments Commission (Australia)
  • Cyprus Securities and Exchange Commission (Cyprus)
  • Financial Services Commission (Belize)
Top XM Group Features

VPS Servers:
Certain members can gain access to their own Virtual Private Server located in the same vicinity as XM’s London data center, providing unparalleled execution speed regardless of their own internet connection, location, or access to power. This cuts out the extraneous factors that could impact trading, but this feature is only available for account holders with a minimum total balance of $5,000 and volume of 5 lots or 500 micro lots in turnover per month.

No Fees or Commissions:
XM offers a no-fee trading model to users which doesn’t impose extra costs on trade execution, deposits or withdrawals. Instead, XM generates its revenues from the spread, and it employs a neat visual tool to show how much larger or smaller their spread is compared to the market average.

Guaranteed Stop Loss:
XM guarantees the execution of stop loss and other limit orders up to 50 lots in size, at the best possible price. It strengthens this idea by offering guaranteed stop loss orders as well, which are optional (and carry a small fee) but always execute at the target price with zero slippage.

Trade on Margin:
Traders with higher risk tolerance and more expertise can trade on margin, meaning their positions are leveraged and require less capital for magnified exposure. Results of the trade are therefore multiplied as well, as are losses, though negative balance protection and margin calls are designed to help XM users avoid the potential downside impact.

Approachable Support:
XM offers a range of ways for users to reach its customer support team. A live chat widget is very helpful for those who need help that doesn’t justify writing an email or encounter issues that require immediate attention. There is also a phone line, but all support services are limited to Monday through Friday.

Trading Platforms
  • MetaTrader 4 iOS By MetaQuotes Software Corp.
  • MetaTrader4 By MetaQuotes Software Corp.
  • MetaTrader 4 Android By MetaQuotes Software Corp.
  • Metatrader 5 By MetaQuotes Software Corp.
Trading and Investment Tools
  • One Click Trading: Yes
  • Trade off Charts: Yes
  • Email Alerts: Yes
  • Mobile Alerts: Yes
  • Stop Order: Yes
  • Market Order: Yes
  • Trailing Stop Order: Yes
  • OCO Orders: Yes
  • Limit Order: Yes
  • 24hr Trading: Yes
  • Charting Package: No
  • Streaming News Feed: Yes
XM Group Compliance & Regulation

To serve users from more than 190 countries, XM has pursued regulation from the relevant financial authorities. Currently, XM operates with licensing from Australian and EU regulators: ASIC and the CySEC respectively. These institutions ensure that XM maintains complete liability for its customers and remains accountable to them. Part of its obligation involves keeping customer funds secure. This is accomplished by segregated funds storage at Tier 1 banks exclusively.

Fees & Commissions
  • Rollover Fee: Yes *Rollover interest is only applied to cash instruments. In the case of futures products, which have an expiry date, there are no overnight charges
  • Margin Interest: No
Service Details
  • Supported Languages: Arabic, Bulgarian, Chinese, Czech, Dutch, English, Farsi, Filipino, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Romanian, Russian, Slovak, Spanish, Swedish, Taiwanese, Thai, Turkish, Vietnamese
  • Customer Service By: Forums, Call Back, Phone, Chat, Email
  • Customer Service Hours: 24/7
  • Email Response Time: Immediate
  • Telephone Orders: Yes
  • Personal Account Manager: Yes
XM Group Reliability & Security

XM excels when judged based on the reliability of its platform and execution. The company boasts that over 99% of its trades are executed in under one second and matched without any problems retrieving quotes or orders being rejected. As such, XM is one of the names most trusted by professional traders for whom small mistakes or latency could mean headaches.

The safety of funds is another area where XM excels, with all client funds stored in segregated bank accounts from the company’s operating funds. Finally, thorough compliance efforts with multiple financial authorities grants additional confidence that XM is prepared to follow the letter of the law exactly on behalf of its users.

XM Group User Experience

Without its own proprietary dashboard to become adept with, users who are already familiar with MetaTrader can seamlessly transition to the standard trading interface. The web trader and desktop trading applications are all offered via MetaTrader (choose from either MT4 or MT5).

Although it takes some time to become familiar with the platform’s many different utilities, MetaTrader’s extensive history serving traders of all experience levels and ongoing efforts to improve aesthetics and usability contribute to its widespread popularity.  MetaTrader provides a relatively straightforward user experience with all functionality placed logically such as tools for analysis, order history and open trades, charting, and more. Additionally, XM hosts free weekly webinars on popular topics, highlighting its investment in user education.

XM also makes sure that its traders are kept informed with educational materials and strategies for trading at a basic level. A comprehensive suite of videos and articles on various subjects provides elementary education, while a section for live analysis in various markets helps keep traders informed about current trends.

Final Thoughts on XM Group

XM is a highly reliable trading platform that removes the uncertainty behind order execution while providing a high level of compatibility with MetaTrader 4 and 5. Investors who wish to trade cryptocurrencies or ETFs should look elsewhere, but there are still an impressive number of assets available on XM. Traders of all experience levels can learn to trade skillfully using the site’s inclusive educational suite. In addition, for any questions the XM team is ready to respond promptly in the correct language, though support is only available 5 days a week. Ultimately, XM shines in the areas that are most important for traders who value accuracy and cost-efficiency over other value-added perks.

Trading Platform Screenshots
Contact Info
laptop Website: www.xm.com
call Telephone: +357 25029933
location_on Company Address:
XM Global Limited 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus

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