XM (previously XM group) is an international provider of online trading services specialising in CFD and spread betting. It has a totally transparent, low spread pricing policy, where trades are run through dedicated servers to ensure the fairest price possible.
- Negative balance protection
- 1000+ tradable instruments
- High leverage
- Low stock CFD and withdrawal fees
- Limited product portfolio
- Average forex and stock index CFD fees
XM Group is considered to be one of the very best CFD trading platforms and providers out there. Our research has proven that XM Group offers excellent trading conditions, a secure trading environment, and reliable customer support.
Our team of experts in the financial field have spent countless hours researching and studying all the tools offered by XM, the operation of their trading platforms, as well as user reviews. You can see the results of our work below.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XM – Who Are They?
XM Group is one of the biggest online trading companies. It was founded in 2009 and has grown into a globally established trading broker with over 2.5 million clients from 196 countries.
Today, the broker offers traders the opportunity to trade with over 25 payment methods, the use of 16 well-developed platforms, and contact with their customer support service, 24 hours a day, 5 days a week. It makes XM an impressive broker that is now one of the leading brokers in the financial trading industry.
When you are an online trader, you might have noticed there’s XM Group – a multinational brokerage, having its activity in 160 countries around the world. The broker is regulated by many of the leading authorities: CySEC, FSC, ASIC, and others.
XM offers technical analysis tools with a bunch of indicators (50) and charting tools, an economic calendar, 29 time frames, and much more.
Compare XM Features With Other Brokers
Compare brokers
Commissions and Fees
| Type | Fee |
|---|---|
| Minimum deposit | 5$ |
| Overnight fee | 0$ |
| Deposit fee | 0$ |
| Withdrawal fee | 0$ |
| Inactivity fee | $15 one-off maintenance fee |
XM Trading Account Types
| Type | Micro Account | Standard Account | XM Ultra Low Account | Shares Account |
|---|---|---|---|---|
| Minimum deposit | 5$ | 5$ | 5$ | 10.000$ |
| Commission | No | No | No | Yes |
| Spread on all majors | As low as 1 pip | As low as 1 pip | As low as 0.6 pips | As per the underlying exchange |
| Leverage | Up to 1:1000 | Up to 1:1000 | Up to 1:1000 | No |
Our Opinion About XM
We are really happy with XM’s trading platforms. This broker has a justifiably good reputation. The Research and Education Centre (REC) at XM Group features an abundance of educational materials, including videos, webinars, trade case studies, and research reports. The REC allows traders and investors to learn the ins and outs of financial markets, instruments, strategies, and trading products.
XM Group has great user-friendly platforms that allow its clients to trade stocks from their devices, without any technical difficulties. Moreover, XM ensures full client satisfaction by offering great customer support to every trader.
FAQs
Yes. XM is a safe and reliable broker since it is regulated across various regions globally. Some of the authorities overseeing its activities include the Cyprus Securities and Exchange Commission (CySEC), FCA, the Australian Securities and Investments Commission (ASIC), and Belize’s Financial Services Commission (FSC). By adhering to such authorities’ stringent regulations, rest assured of investing under the best conditions. Your funds are also secured in a seperate account.
Yes. Although you cannot buy Bitcoin or other cryptocurrencies directly with XM, the broker allows customers to invest in crypto pairs through contracts-for-difference (CFDs).
Absolutely. XM understands that every trader has their own interest. Therefore, it features various accounts and trading platforms to choose from, depending on your skill level. In addition, XM offers excellent trading conditions, reliable customer support, and a secure trading environment, thus making it suitable for beginners.
Beginners also get exposed to quality educational materials, including videos, webinars, trade case studies, and research reports to maximise the trading experience and potential.
XM offers different account types that you can choose from depending on your trading needs and experience level. They include the Micro, Standard, XM Ultra Low, and Shares accounts. The minimum deposit required to register a trading account at XM ranges from $5 to $10,000.
XM Review 2024 Details
✔ A truly global company
XM broker achieved a great focus on the Client's needs while offers very competitive conditions. The software type a broker uses makes a website either customer-friendly and intuitive. Recommend!
What happens if I don't use my XM.com account?
If you leave your XM account unused for 90 calendar days without making any trades, the online broker will label your account as dormant. It removes pending bonus offers, XMPs, and promotional credits from dormant accounts. It also charges a dormant account fee of $5 every month. This money is deducted from the dormant account every month until the balance turns zero.
XM is a really reliable broker. It has been a year since I joined and opened an XM account and I can say with confidence that I have not had any problems with withdrawals or anything else, XM support team is always available 24 hours a day and they are very friendly, I am happy to be a trader with XM broker and I will always be.
Excellent platform and great client service, they help me every time I have problems. I have an active account since 2017 so I would 100% recommend it. I work for this broker and I make a big profit every week.
I have been with XM for several years now. There are several platforms and you can choose one that is appropriate for you - I like it. But some of your spreads are a bit too high for me, but still, I am with you! Because all work perfectly fine. And I recommend this to anyone.
XM is the best broker in the world... They have a great app on the Play market and App store, and I can use it almost everywhere. All withdrawals are processed within 24 hours as promised.
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal
Would you recommend this provider?
Fees
Account opening
Customer service
Deposit and withdrawal