XM Group Review
Бонус до $5000
|Headquarters||No.5 Cork Street, Belize City, Belize, C.A.|
|Support Number||+501 223-6696|
|Support Types||Phone, Email, Online chat|
|Languages||Russian, English, Spanish, German, Polish, Chinese, Filipino, Czech, Italian, Portuguese, etc.|
|Trading Platform||MetaTrader 4, MetaTrader 5, WebTrader|
|Minimum 1st Deposit||$5|
|Bonus||Бонус до $5000|
|Leverage||1:30 - leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded and the country that the action is taken|
|Spread||From 0 points|
|Free Demo Account||Open Demo|
|Regulation||ASIC (№ 443670), FCA (№ 705428), IFSC (№ 60/354/TS/17), CySEC (№ 120/10).|
|Account Types||MICRO, STANDARD, XM Zero, Islamic Accounts|
|Deposit Methods||Bank cards (Visa / Mastercard), Webmoney, Skrill, Neteller, etc|
|Withdrawal Methods||Bank cards (Visa / Mastercard), Webmoney, Skrill, Neteller, etc.|
|Number of Assets||700+|
|Types of Assets||Forex trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious metals CFDs and Energies CFDs and Cryptocurrencies CFD|
|Account Currency||USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR|
|US Traders Allowed|
The XM company is one of Europe’s largest Forex brokers, with more than 500,000 clients worldwide. It features very profitable trading conditions, an abundance of bonus programs and an unblemished reputation.
The XM brokerage company, whose full name is XM Group, was established in 2009, by the Trading Point of Financial Instruments Ltd. Corporation. It has a reputation for being one of the world’s best service providers in the field of online trading. XM Group head office is in Limassol, Cyprus.
Xm Group is a group regulated by online brokers. Trading point of financial instruments Ltd was established in 2009 and it is regulated by the Cyprus securities and exchange commission (CYSEC 120/10), Trading point of financial instruments Pty Ltd was established in 2015 and it is regulated by the Australian securities and investments commission (ASIC 443670) and Trading poi9nt of financial instruments UK Ltd was established in 29016 and it is regulated by the financial conduct authority (FCA 705428). XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by international financial services commission (IFSC/60/354/TS/17)
Currently, XM Group has more than one hundred instruments for trading. In addition to standard CDF, XM Group offers trading on metals, stocks, oil and stock indexes. The minimum amount required for opening an account is $5. XM Group offers a free training demo account, where you can check out all of the features of their services.
Leverage is 1:30, it also applies to all EU regulated entities of the group. Leverage depends on the financial instruments and the country traded. The spread is from 0 pip, floating or fixed, depending on the type of account. With regard to the trading floor, the list of programs on XM Group meets all the requirements of modern technology. Besides the presence of a traditional Metatrader 4-5, there are mobile MT versions for Android and iOS. You can do trades directly through the site, via a Web Trader. Additionally, there are MT4 Multiterminal and Markets MAM.
There are no re-quotes, hedging is permitted, and there is a possibility of automated trading and trading via telephone. We should also mention that XM Group is positioning itself as a broker company, conducting systematic promotions, contests, and other activities to encourage more people to participate in trading (truth about Forex). Loyalty bonus are not eligible for clients registered under Trading point of financial instruments Ltd and Trading point of financial instruments UK Ltd.
Despite the fact that the company focuses on full support around the clock, however, this statement, as practice shows, is more promotional in nature and does not correspond to reality. As shown by numerous reviews by the company’s customers, technical support is sometimes rather slow to respond, but this will likely be fixed if given time.
- The minimum deposit – $5
- Spreads for Micro and Standard account are as low as 0 and spreads for XM zero account is as low as 1
- Leverage – 1:30
- The broker has more than 250 financial instruments which can be traded on the MT4/MT5 platform, this includes Forex trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious metals CFDs and Energies CFDs and Cryptocurrencies CFDs
- Lack of limit of the maximum amount of the deposit
- 100 percent execution of orders, of which 99.35% take less than 1 second
- The absence of re-quotes and orders deviation
If we find complaints about XM, we will post it on social media. Follow us to be well informed:
Deposits and withdrawal
Speaking of deposit and withdrawal procedures, XM Group does not lag behind the market leaders, offering its customers the broadest technical possibilities, ranging from the traditional bank transfer to the popular electronic payment services. Usually the withdrawals take three to seven days, depending on the selected method. However, some customers have cited examples of unpleasant situations, when the derivation of funds to an account for a few days dramatically changed the exchange rate and the expected and actual amounts sometimes differed. This applied specifically to the first withdrawal from the account. These situations are rare; however, the traders should still be cautious.
- Trading point of financial instruments Ltd regulated by CYSEC under liscense 120/10
- Trading point of financial instruments UK Ltd regulated by FCA under liscense 705428
- Trading point of financial instruments Pty Ltd regulated by ASIC under liscense 443670
- Lastly, please add XM Global Limited regulated by IFSC under liscense 60/354/TS17
The site is multilingual. At the moment, there are 22 possible language display options. The front page is not overloaded with information. Everything is strict but not austere. If desired, the trader can set the page with the economic calendar, sign up to receive information on free Forex signals, or start training video courses.
Among a few drawbacks are the absence of a forum, as well as the lack of a normal analytical department, which would be responsible for the daily publication on market sentiment and other profile information that could help traders in their difficult task. But in general, keeping in mind its financial regulators and vast experience in the trading business, the Xemarkets brokerage definitely deserves attention.