XM GROUP GENERAL INFORMATION
■ Foundation: XM Group was founded in 2009
■ 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
■ 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 30:1. 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 is not applicable for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
■ Minimum Account: $5
💱 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 Trading Leverage 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
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 POSTAL ADDRESS XM GROUP ACCOUNTING DEPARTMENT This email address is being protected from spambots. You need JavaScript enabled to view it. BACK OFFICE DEPARTMENT This email address is being protected from spambots. You need JavaScript enabled to view it. CUSTOMER SUPPORT DEPARTMENT This email address is being protected from spambots. You need JavaScript enabled to view it. DEALING ROOM HUMAN RESOURCES DEPARTMENT PR DEPARTMENT SALES DEPARTMENT NEW ZEALAND OFFICE 38 Birmingham Drive, Middleton, Christchurch 8024, New Zealand
Tel: +357 25029900
Fax: +357 25820344
PO Box 50626, 3608 Limassol, Cyprus
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +64 33353327
Fax: +64 33353417
⚖️ XM.com REVIEW PROS & CONS (According to competition)
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XM GROUP REVIEW |
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√ XM GROUP PROS |
x XM GROUP CONS |
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√ 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
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X Dealing Desk X High Spreads X Expensive SWAP charges X Not Good For Pros |
🏁 XM.com Group Review Conclusions:
XM Group offers CFD trading with a wide range of assets and platforms, including mobile apps. It is a regulated broker, authorized by the FCA (UK), ASIC, and CySEC. US traders are not accepted, and European traders face several restrictions, including a maximum leverage of 30:1.
My personal experience with XM Group has been generally mixed. I appreciated the wide asset selection, but the trading spreads were too high. It's difficult to be profitable with intraday trading when the minimum spread is 1.6–1.8 pips. Spreads widen even more during late hours, making trading more expensive. Another issue I faced was with the stop levels—the minimum distance for placing stops is very wide, especially during late trading hours. Overnight rates (SWAPS) are also higher than those of other brokers.
Because of the high spreads, XM is not suitable for automated or intraday Forex trading. Due to costly SWAPS, it’s also not ideal for swing or long-term trading.
🔗 Website: https://www.xm.com
■ XM Group Review
TradingCenter.org
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