According to Traders Union, XM Group is in the list of the best brokers providing services in the financial markets. The company’s conditions were assessed by 100+ criteria. Based on the XM trading review published on the TU website, the broker is ranked 9th out of 349 companies (overall score – 9.22 points out of 10). On the information portal you will find not only material with basic facts about the financial partner, but also be able to read reviews from real clients.
XM trading review
XM trading has certain technical advantages that distinguish this company from its competitors. At the same time, the terms of trade themselves correspond to the market average. First of all, Traders Union experts recommend this broker for those who want to look for professional trading.
XM Broker has been providing services since 2009. Initially, the company focused exclusively on forex trading, but later diversified and was able to expand its client base. Now there are 5,000,000 accounts open here, and residents of 190 countries use the organization’s services. The company has received a lot of prestigious awards, proving its reliability, honesty and customer-oriented policy. In a comprehensive review, Traders Union analysts write that XM is constantly working to improve the service to provide better services to its clients.
XM is an international brokerage company that complies with the requirements of reputable regulators. The financial partner has several licenses:
- Australia (ASIC: 164 367 113);
- Cyprus (CySEC: 120/10);
- UAE (DFSA: F003484);
- Belize (FSC: 000261/397).
Before connecting to XM trading, Traders Union experts recommend that you familiarize yourself with the internal rules of the platform. This will avoid problems during the work. The broker provided a complete set of documents regulating the terms of cooperation.
What are the trading options?
If you are not ready to open a real trading account on the XM platform, you can start with a demo. The broker provides opportunities for risk-free training. In addition, the platform has a low entry threshold, which allows even beginners to test their strategies.
- several tariff plans: XM Ultra Low Micro, XM Zero, XM Ultra Low Standard with a minimum deposit of $5 for any account;
- spreads from 0.6 points for trading accounts Ultra Low Standard and Ultra Low Micro (for trading account XM Zero there is a fixed commission for a standard lot, but spreads start from zero);
- access to trading currency pairs, indices, energies, commodities, stocks, precious metals (1000+ assets);
- leverage – up to 1:30, which meets the requirements of international regulators;
- 24/7 support on weekdays (support provides consultations in 30+ languages);
- opportunities for receiving passive income (there are no PAMM, copy trading on the platform);
- affiliate program with a one-time payment of up to $650 for each newbie invited. The size of the payment depends on the country of registration of the referral. The broker provides marketing and information support for effective promotion of the offer.
Traders Union experts think that XM is a good choice. Trading on this platform is suitable for those seeking a professional trading experience characterized by swift order processing and favorable commission structures. The comprehensive review states that the company has received licenses from reputable regulators, confirming its reliability and integrity. The list of regulatory bodies that have approved the company’s activities includes ASIC (Australia), DFSA (UAE), CySEC (Cyprus), FSC (Belize).
One standout feature is the variety of account types offered by XM. Regardless of the chosen account, traders can expect consistent execution quality, minimal quotes, negligible slippages, and near-instant order matching with counterparties. The broker’s leverage levels adhere to European standards, aligning with the MiFID directive. Additionally, XM maintains competitive market spreads, enhancing its appeal to traders. For clients registered under the EU-regulated entity of the XM Group, the maximum leverage is 30:1.
XM Broker also caters to novice traders by offering attractive trading conditions. With a minimum deposit requirement (only $5), traders can get started without significant upfront capital. Furthermore, the availability of cent (micro) accounts, featuring lot sizes of 1,000 units, provides a suitable entry point for newcomers.
Thanks to its comprehensive services and cutting-edge trading platforms, XM has earned its place among the top-rated companies by TU, delivering a seamless trading experience.
What the broker offers: investment and referral program, useful resources
XM guarantees to provide professional brokerage services. Traders Union experts note that the company does not provide opportunities for passive income. However, the broker has provided a wide list of useful resources and services for traders, which Traders Union experts described in a comprehensive review.
MQL5 trading signals
MetaQuotes developed not only Metatrader, but also a community of MQL5 traders. From the article by Traders Union experts you can find out that XM also provides access to MQL5 trading signals from experienced users with effective trading for 1 month or more. In addition, users can directly access the programming environment from XM trading terminals.
The main advantages of using MQL5 signals:
- automatic copying of signals in the MQL5 community (you can also copy signals manually);
- the ability to combine signals and algorithmic trading (thanks to the program code, you can create advisors based on MQL5).
The main disadvantages of using MQL5 signals:
- signals are available for one month, after which the subscription must be paid;
- you can only subscribe to one signal provider from one account.
Traders Union experts invite large investors to contact them via the feedback form or email to consult on all questions regarding trading with XM (professional support from registration on the platform to withdrawal of profit).
Features of affiliate program
The XM platform offers an affiliate program with the following conditions:
- the reward is paid for each invited trader once (the reward amount ranges from 450 to 650 USD);
- high-quality marketing support – ready-made landing pages and sites for promoting the offer, more than 20 options for multilingual banners;
- weekly payments;
- ability to track statistics and conversions in your personal account.
Traders Union analysts note that to obtain more detailed information, you need to contact XM support.
XM Group Commission Policy
Traders Union experts analyzed XM’s commission policy for each individual account. Additional commissions are provided only in XM Zero. Here users must pay a conversion fee.
|XM Ultra Low Micro||From $6||No|
|XM Ultra Low Standard||From $6||No|
Experienced analysts note that users can count on the absence of hidden commissions, as well as commissions for replenishing the balance and withdrawing profit. However, you need to take into account that the broker has provided a floating swap; its size depends on the market situation. Traders Union experts also conducted a comparative analysis of the commissions of XM and its competitors. They prepared a comparative assessment. The comparison was made for EUR/USD on standard accounts (1 full lot).
|Pocket Option||2.5 USD||Medium|
XM is a well-known European company providing brokerage services for 10+ years. The broker has an innovative technological base, which is its main advantage over its competitors. In particular, this ensures minimal slippage, virtually complete absence of requotes and high speed of order execution.
XM is a universal broker that works through ECN or executes trades through liquidity providers. According to Traders Union experts, more than 90% of transactions are carried out in less than 1 second. At the same time, users can count on tight market spreads from 0.6 to 1 point and no hidden commissions.
XM Group is a company with which it is profitable to trade in financial markets. The broker focuses on active traders, constantly improves the quality of service, uses advanced technologies and has been able to achieve significant results. Traders Union experts note that XM provides comfortable access to trading 1,000+ assets. In addition to classic instruments, on the platform you can make transactions with palladium, cotton, and CFDs on shares of large companies. Users can use correlation trading systems and diversify risks by creating an individual investment portfolio. The company is trying to expand the range of available instruments; in the future, digital currencies may also appear on the XM platform.
Benefits of XM Broker:
From the XM trading review, Traders Union users can learn not only the features of cooperation with XM, but also the main pros/cons of this broker. Over 10+ years of work in financial markets, this company has gained a good reputation. Among the main advantages of cooperation, financial analysts note:
- licensed activity;
- positive customer reviews (feedback can be found on the TU website);
- innovative technological base, which allows the broker to outperform competitors in various indicators;
- sending client orders to the ECN network or directly to liquidity providers, which ensures high speed of order execution;
- opportunities to create a diversified investment portfolio and comfortable trading in financial markets;
- there are standard accounts and micro accounts for beginner traders;
- free training in webinar format and trading signals, analysis of financial markets;
- free signals, daily webinars on Forex trading;
- protection against negative balance;
- trading platforms in various modifications.
XM is aimed at traders, it does not have its own platform for copy trading, PAMM and MAM, but users can use MQL5 signals, discuss trading with others and participate in algorithmic developments.
To find out more information, read the XM trading review on the Traders Union website. Experts have collected basic facts about this company and made comparisons between the broker and its competitors.
How to start making money with XM – user guide from TU
XM offers several trading accounts to choose from:
Minimum trade volume – 0.01 lot. In the standard ECN account 1 lot is 100,000 units. Spreads – from zero. Fixed fee is $3.5 per 1lot.
XM Ultra Low Standard
|Minimum trade volume in this standard account type is 0.01 lot. Spread – from 0.6 pips|
XM Ultra Low Micro
|Minimum trade volume in this cent micro lot account type is 0.1 lot. Spread – from 0.6 pips|
The comprehensive review from Traders Union also states that XM allows you to start cooperation without risks. The platform provides a demo trading account.
In addition to the products, core services and platforms, the broker has provided several useful resources for traders that should help in making trading decisions. This includes:
profit and loss calculator. Using this tool, users can calculate the possible profit, loss when take profit or stop loss orders are triggered;
universal calculator. Using this tool, investors can calculate margin, pip cost, short or long swaps (based on the chosen tariff plan, leverage and trading volume);
technical indicators for trading platforms MT5/MT4;
economic calendar. Here traders can see the main events that can affect the rate of a particular trading instrument. Also you can use filters: by country, news importance, etc.
Education from XM Broker
The XM platform provides online investment education. Traders Union experts note that users can watch a training video in a separate section. The main functions of trading platforms are described here. The brokerage organization also regularly conducts training seminars and webinars. Investors will be able to learn the basics of technical and fundamental analysis, features of the development of trading systems and much more. For more information, visit the Analysis & Education section of the XM website.
Traders Union experts noted what information is available on the broker’s platform:
Overview of financial markets
Text description of indicators
Training webinars, videos
Instructions for working with trading platforms
Using educational materials from XM, users will be able to increase not only their skill level, but also their chances of making a profit.
Security of personal data and assets
The XM trading review states that the brokerage organization is authorized by authoritative regulators. For example, a CySEC license guarantees that the company operates in accordance with European legislation and its activities are regulated by the MiFID directives. Funds are stored in segregated accounts in the best banks in the world, separate from brokerage accounts.
- segregated accounts;
- protection of your personal account from unauthorized access;
- negative balance protection.
- it makes no sense for small investors to apply to the regulator for dispute resolution, since the time and financial costs will be unreasonable.
Payment methods and fees
Available payment methods include bank transfer, electronic payment systems (Skrill, Neteller), bank cards (MasterCard and Visa). More details about the available payment methods can be found in the corresponding section of your personal account.
It takes 24 hours to process your request. As for the withdrawal period, it depends on the chosen payment system (up to 5 working days). Traders Union experts in XM trading review recommend paying attention to the fact that the withdrawal currency must correspond to the currency of the balance replenishment. Otherwise, the brokerage organization will automatically convert the amount at the average rate.
The company does not charge fees for replenishing the balance and withdrawing funds. However, you need to take into account that banks may charge fees for depositing/withdrawing money over $200.
The XM trading review states that the broker provides 24/5 customer support. Support does not work on holidays.
- multilingual support (30 languages);
- telephone support, social networks, online chat.
- lack of support on weekends and holidays.
Before consulting support, read the information in the FAQs. Frequently asked questions are answered there.
- Office address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
- Licenses: ASIC, FSC, CySEC, DFSA
- Web resource: www.xm.com
- Phones: +501 22-366-96 (BZ), +612 86-078-385 (AU), +357 25-029-933 (CY)
- Email: email@example.com.
XM Personal Account Overview
The XM trading review states that you can start cooperation with a broker with a demo or real trading account. You can choose the appropriate option on the main page of the broker’s official website. The company provides 100,000 virtual dollars for risk-free training. If you trade on a demo account, you will only get access to the trading platform. In order to open a personal account, you must register.
To register, fill out the form provided, indicating your first and last name, phone number, email. You also need to select the account type and trading platform. Traders Union experts note that when filling out the registration form, you must enter information in latin.
After registration, a login will be sent to the specified email address (this is your account number). You also need to download the trading software and link your account to it. Registration takes about 10 minutes and allows you to open your trading account and familiarize yourself with its functionality. To trade, you must undergo a personal data verification.
The following functions are available in your personal account:
- replenishment of balance and withdrawal of profit;
- changing account data (you can change the leverage, view the history of transactions, deposits and withdrawals.
Users can also use the following options:
- passing two-factor authentication;
- change password;
- use of VPS (this option is available only after completing the verification process);
access to customer service, trading signals, affiliate program.
Read more about the broker in the XM trading review on the official Traders Union website.
Can XM be trusted?
Yes, XM can be trusted. The broker has been in operation since 2009 with a strong reputation and minimal complaints. It is also regulated by reputable authorities such as CySEC (Cyprus), FSC (Belize), DFSA (UAE), and ASIC (Australia), which adds to its credibility and trustworthiness.
How much is XM commission fee?
The commission fee at XM varies depending on the asset type, account, and market conditions. Spreads start as low as 0.6 pips. In terms of monetary value, the average spread for the popular EUR/USD currency pair ranges from $6 to $10 per standard lot.
How long does XM withdrawal take?
Withdrawal requests at XM are typically processed within 24 hours. However, the actual withdrawal time may vary depending on the chosen payment method, and it can take up to five days to receive your funds.
Is XM good for beginners?
Yes, XM is suitable for beginners. It offers a low minimum deposit requirement of just $5 and provides leverage of up to 1:30, allowing novice traders to start with a small initial capital and manage their risk effectively. Additionally, XM offers cent (micro) accounts with lot sizes of 1,000 units, which are ideal for beginners to gain experience and test their trading strategies in real market conditions
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