XM.com Review

XM Group is made up of four 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). XM Global Limited was established in 2017 and is regulated by the Financial Services Commission in Belize (000261/397). Trading Point MENA Limited was established in 2019 and is regulated by Dubai Financial Services Authority (DFSA reference no. F003484).

The XM Group offers more than 1000 financial instruments which can be traded on the MT4/MT5 platforms. This includes Forex Trading, CFDs on Crypto*, Stocks, Commodities, Equity Indices, Precious Metals and Energies, and more with some of the most reliable and fastest order execution available to retail traders. The Group prides itself on the statistic that over 99% of its trades executed in less than 1 second and serves over 5 million clients in more than 25 languages across 190 countries.

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

*CFDs on cryptocurrencies are not available to all the entities of the Group.

Broker Pros & Cons

PROS

  • Wide variety of assets

  • High leverage up to 1000:1 (this leverage is not available to all the entities of the Group)

  • Live chat and other accessible support in over 25 languages
CONS

  • ETF trading not supported

  • Funding with PayPal unavailable

Broker Regulated By


  • CySEC

  • ASIC

  • FSC

  • DFSA

Account Option

Broker Type
Market MakerMinimum Deposit: 5Maximum Forex Leverage:1:30Scalping:YesHedging:YesFree Demo Account:

Yes

Traders From USA:

No

Trading Platforms

24hr Trading

Charting Package

Streaming News Feed

Fees & Commissions


  • Rollover Fee

  • Margin Interest

  • Depositing Fees

Service Details

Supported Languages:

  • +18

Email Response Time:
Up to 48 HoursCustomer Service Hours:Email support within 24/7Telephone Orders:NoPersonal Account Manager:No

XM.com 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. The XM app (free to download for both iOS and Android devices) gives users genuine extension of trading functionality on the go through the MT5 platform. Through the app users can research their investments, track their portfolio and easily manage their account.

XM excels in its educational services. It hosts free weekly webinars on popular topics, highlighting its investment in user education. Additionally, its Live Education service provides Q&A sessions with expert instructors to clients of all levels in their native language to discuss strategies, market moves and news.

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.com

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 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, as support team is available 7 days a week (24/5 for the EU-regulated entity). Ultimately, XM shines in the areas that are most important for traders who value accuracy and cost-efficiency over other value-added perks.

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REGISTER NOW FOR FREE!