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XM Review

XM Review

XM GROUP Review

» Check XM Group Rating Analysis

 

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

Broker 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

 Minimum 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

 

 

JustForex

 

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, Shares and Indices CFDs, Soft Commodities CFDs, Precious Metals and Energies CFDs

COMMISSIONS & LEVERAGE

XM GROUP TRADING COMMISSIONS

■ XM Group Typical Trading Spread as measured on EUR/USD is 1.6 pip-1.8 pip.

XM Group will not charge re-quotes

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 at 22:05 GMT and ends on Friday at 21:50 GMT.

 

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.

 

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

This email address is being protected from spambots. You need JavaScript enabled to view it.

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

√ A wide variety of Trading Assets, and many Forex Pairs

√ Many Different Trading Platforms

 

√ Free VPS for traders holding $5,000

√ Multilingual Customer Support

 

X Dealing Desk

X High Spreads

X Expensive SWAP charges

 

 

XM Group Review Conclusions:

XM Group provides Forex & CFD trading. 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. US Traders are not accepted and there are many restrictions for European traders, including max leverage 30:1.

My personal trading experience with XM Group may be considered as generally mixed. I liked the wide asset index they provide but the trading spreads are too high. You can't possibly be profitable in intraday-trading when the minimum spread is 1.6-1.8 pip. During late hours trading becomes even more expensive (wider spreads). Another problem I faced was related to the stop-levels, the minimum distance for placing stops is very wide.  at late hours. The overnight rates are also more expensive than other brokers.

Due to high spreads, XM is not good for automated trading and intraday Forex trading. Due to expensive SWAPS, XM is neither good for swing and long-term trading.

 

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■ XM Group Review

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