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Forex Broker Review: XM.com

XM Review

XM GROUP Review

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XM GROUP GENERAL INFORMATION

Found: XM Group was found in 2009, 2015, 2016

Headquarters: XM Group has offices in Cyprus (EU)

■ US Residents: XM Group forbids traders from the US –No

■ Islamic Accounts: XM Group supports Islamic Accounts –Yes

■ Regulated: XM Group is regulated by CySEC (No. 120/10), ASIC (No. 443670) and FCA (No. 705428)

■ Languages: XM Group website supports English and 30 more languages


XM GROUP TRADING INFO SUMMARY

XM Trading Platform

XE Markets Trading PlatformBroker Type: XM Group is a CFD Broker

CFD Trading: Yes

Platforms: XM Group Offers 1) WebTrader 2) »MetaTrader-4 plus 3) MetaTrader-5

Trading Time Zone: GMT

Demo Account: XM Group is providing a Demo Account –Yes

Typical Spread EUR/USD: XM Group spread on EUR/USD is 1.6 pip

Leverage: Leverage at XM Group can be up to 1:30 -This leverage applies to all the EU regulated entities of the group. Leverage depends on the financial instrument traded.

Scalping: is allowed at XM Group –Yes

Bonus: XM Group offers Bonus up to 50% and 20% for additional deposits

*Bonus is not applicable for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.

■ Minimum Account: $5

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TRADING ASSETS

■ 57 Forex Currencies

■ CFD Trading (Stop out lever at 50%, leverage up to 1:30, $3.5 commissions for XM Zero account, portfolio hedging)

 

■ Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs and Cryptocurrencies CFDs

COMMISSIONS & LEVERAGE

XM GROUP TRADING COMMISSIONS

■ XM Group Typical Trading Spread as measured on EUR/USD is 1.6 pip.

XM Group will not charge re-quotes and the orders are executed fast (low slippage)

XM GROUP TRADING LEVERAGE

Leverage at XM Group can be up to 1/30

TRADING PLATFORM & MOBILE

XM GROUP TRADING PLATFORM

XM Group is offering:

1. MetaTrader 4

2. MetaTrader 5

3. WebTrader

Scalping is allowed at XM Group and a Demo Account is available.

TRADING HOURS

Trading starts on Sunday 22:05 GMT and ends on Friday 21:50 GMT.

XM GROUP MOBILE TRADING

XM Group supports iPhone, iPad and Android mobile devices

Get the free iPhone mobile app
MT4 iPhone Mobile App

Get the free Android mobile app
MT4 Android Mobile App

NEW ACCOUNT INFORMATION

XM Group Minimum Account:

The minimum initial deposit required for opening an account on XM is 5 USD for Micro and Standards Accounts and 100 USD for XM Zero Accounts.

XM Group Deposit Methods:

■ Bank Wire Transfer

Credit Cards

■ MoneyBookers

Neteller

■ More methods

XM Group Withdrawal Methods:

■ Bank Wire Transfer

■ Credit Cards

■ MoneyBookers

■ Neteller

■ More methods

-$30 No-Deposit Bonus

-XM Group offers Deposit Bonus up to 50% and 20% for additional deposits

*Bonus is not applicable for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.

XM Group Review Conclusions:

XM Group provides a good Forex & CFD Trading experience. The major advantages of XM Group include relative tight spreads, high leverage, and no commissions. Furthermore, XM Group doesn't impose re-quotes and trading orders are executed fast (low slippage). Many trading assets and many platforms are available at XM Group (including mobile applications). XM Group is a highly regulated broker (FCA UK, ASIC, CySEC) which offers also CFD trading. In most categories, XM Group performs above the industry's average. US Traders are not accepted and Paypal is not accepted as a fund method.

My personal trading experience with XM Group may be considered as generally positive. Their customer service is good and fast. The only problem I faced was related to the stop levels at late hours. XM Group is a CFD Agent offering variable spreads, so at late hours trading is more expensive (wider spreads). In general, their trading environment may be considered reliable.

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CONTACT INFORMATION

MAIN OFFICE CYPRUS

12 Richard & Verengaria Str., 3rd Floor, 3042 Limassol, Cyprus
Tel: +357 25029900
Fax: +357 25820344

POSTAL ADDRESS

XM GROUP
PO Box 50626, 3608 Limassol, Cyprus

ACCOUNTING DEPARTMENT

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BACK OFFICE DEPARTMENT

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CUSTOMER SUPPORT DEPARTMENT

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DEALING ROOM
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HUMAN RESOURCES DEPARTMENT
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PR DEPARTMENT
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SALES DEPARTMENT
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NEW ZEALAND OFFICE

38 Birmingham Drive, Middleton, Christchurch 8024, New Zealand
Tel: +64 33353327
Fax: +64 33353417

XM GROUP REVIEW PROS & CONS (According to competition)

XM GROUP REVIEW

√ XM GROUP PROS

x XM GROUP CONS


√ High-Regulated Broker

√ Wide variety of Trading Assets, and many Forex Pairs

√ Many Different Trading Platforms

√ Low Minimum Deposit and a wide variety of Fund Methods

√ Zero-Spread Account

√ 50% First Deposit Bonus and 20% for additional deposits*

$30 No-Deposit Bonus*

*Bonus is not applicable for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.

√ Free VPS for traders holding $5,000

√ Responsive/Multilingual Customer Support

 

X Relative high Spreads and expensive SWAP charges


Visit the Forex Broker XM Group

 

 

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