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XM Group Review

  • Overview
  • Pros & Cons
  • Spreads
  • Instruments & Markets
  • Trading Experience
  • Alternatives

Established in 2009, XM Group has evolved to become one of the largest and most well-known investment organizations in the world, with over 3,500,000 global clients.

XM Group offers support in more than 30 languages, and it strives to execute 99 out of 100 trading orders in less than one second, without re-quotes or rejections.

XM Group, which has clients in over 190 countries, provides a variety of services, including currency trading, CFDs on equities indices, precious metals, and energy trading.

Traders get access to more than 25 secure payment options across 16 full-featured trading platforms.

XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 in Limassol, Cyprus and is regulated by CySEC with license number 120/10. XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by International Financial Services Commission (000261/106). Trading Point of Financial Instruments Pty Ltd has been issued an Australian Financial Services License by ASIC (number 443670) 

Pros

  • Used by 3,000,000.+ traders
  • Established in 2009
  • Regulated by IFSC, CySEC, and ASIC
  • Min. deposit from $5

Cons

  • Inactivity Fee
  • Not FCA Regulated (See alternatives)

A minimum deposit of $5 is required for a live account. XM Group, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.

Regulated by CySEC (Licence: 120/10), and ASIC (AFSL #443670). XM Group client funds are held in a segregated bank account and they work with tier-1 banks. XM Group has been established since 2009, and their head offices are in Cyprus & Belize.

Before we get into the specifics of XM Group’s spreads, fees, platforms, and trading tools, you might want to open the XM Group website in a new tab by clicking the button below to get the most up-to-date information directly from the company.

VISIT XM GROUP

Disclosure: If you sign up with a broker through one of our links, we may receive a commission.

Visit XM Group

What are XM Group’s spreads & fees?

XM Group like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.

The commissions and minimum spreads shown here are taken from XM Group’s website. The color bars depict how competitive XM Group’s spreads are in contrast to those offered by other popular brokers on comparebroker.io

ForexXM GroupPepperstoneXTB
EUR/USD(Average: 0.7 pips)0.1 pips+ $10.000.09 pips+ $5.000.1 pips
GBP/USD(Average: 1.1 pips)0.1 pips+ $10.000.38 pips+ $5.000.1 pips
USD/JPY(Average: 1.1 pips)0.1 pips+ $10.000.19 pips+ $5.000.1 pips
AUD/USD(Average: 0.8 pips)0.2 pips+ $10.000.17 pips+ $5.000.2 pips
USD/CHF(Average: 2.3 pips)0.2 pips+ $10.000.35 pips+ $5.000.2 pips
USD/CAD(Average: 2.9 pips)0.2 pips+ $10.000.27 pips+ $5.000.3 pips
NZD/USD(Average: 3.6 pips)0.3 pips+ $10.001.1 pips+ $5.000.3 pips
EUR/GBP(Average: 2.4 pips)0.2 pips+ $10.001.0 pips+ $5.000.1 pips

The spreads are variable and are displayed for information purposes.

As you can see, XM Group’s minimum EUR/USD spread is 0.10 pips, which is low when compared to the average EUR/USD spread of 0.70 pips.

The table below compares the costs of trading one lot of EUR/USD with XM Group vs. similar brokers.

SEE ALL SPREADS

How much does XM Group charge to trade 1 lot of EUR/USD?

You would likely spend $9.85 if you bought one standard lot of EUR/USD (100k units) with XM Group at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.

XM GroupIGXTB
Spread from:$ 1.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 1.00$ 6.00$ 2.00
$5 more$1 more
VISIT XM GROUPVISIT IGVISIT XTB

Fees and quotes are displayed for information purposes and could change.

What can you trade with XM Group?

Over 261 different instruments, including over 55 currency pairs, are available to trade at XM Group. Below, we’ve summarized all of XM Group’s several types of instruments, as well as the instruments given by IG and XTB for comparison.

FX / CurrenciesXM GroupIGXTB
# of forex pairs offered559048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsXM GroupIGXTB
# of commodities offered153421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsXM GroupIGXTB
# of stocks offered16080001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesYesYesYes
SEE XM GROUP’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit XM Group

What’s the XM Group trading experience like?

1) Platforms and apps

XM Group is one of the few brokers that provides both the MT4 and MT5 MetaTrader platforms. You may read our MT4 versus MT5 comparison here to see how the two platforms compare. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.

XM Group offers Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.

SEE XM GROUP’S PLATFORMS

Still not sure?

Open a demo account and learn how to trade.

2) Executing Trades

You can trade as little as 0.01 Lot with XM Group. Depending on the account you open, this may differ. XM Group allows you to trade up to 100 lots per trade. 

XM Group, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.

Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.

Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.

XM Group is one of the few brokers who claim to have no requotes, which means you won’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

Stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and other risk management features are available through XM Group. Here you can find a list of all of XM Group’s account features.

We have included a list of some of the most common funding options that XM Group provides to its traders.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
  • Neteller

3) Client support

XM Global offers support in many languages like Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish.

4) What you’ll need to open an account with XM Group

Because XM Group is regulated by IFSC, CySEC, and ASIC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:

  • a color copy of your passport, driver’s license, or other government-issued identification
  • a three-month utility bill, bank or credit card statement that shows your current address

You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.

You may be able to explore XM Group’s platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.

To begin the onboarding process with XM Group, you can go to their website.

A Review & Guide to Trading with XM

XM Group consists of regulated online brokers.

Trading Point of Financial Instruments Ltd is a Cyprus-based company that is regulated by CySEC and has the license number 120/10.

Trading Point of Financial Instruments Pty Ltd was founded in Sydney, Australia, and is licensed by the Australian Securities and Investments Commission (ASIC) under license number 443670.

XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in Limassol, Cyprus and is regulated by CySEC with license number 120/10. Trading Point of Financial Instruments Pty Ltd was established in Sydney, Australia and is regulated by ASIC with license number 443670. Let’s have a look at some of the platform’s fundamental features to see why XM is a good online broker.

Trading Systems

WebTrader, MT4 and MT5 are among the trading platforms offered by XM.

WebTrader is fantastic because it allows clients to get real-time market data directly from the internet browser without having to download any software. This is perfect for traders who have little hard disk space or want to access their account from their smartphone.

MetaTrader 4 is one of the most widely used trading platforms today. Not only are all pricing and movements transparent, but its user-friendly nature can potentially help to improve a trader’s performance. It should be mentioned that MetaTrader 4 offers both manual and automatic trading execution.

Types of Accounts

The Micro trading account is the first level of trading account, and it may be started with just $5. This account type can be suitable for beginners who are learning forex. It allows traders to trade micro lots.

The standard account from XM Group is the next step up. This account type is aimed at experienced traders who have a better understanding of how trading works. The main difference between this account and the micro account is that the contract size per lot is bigger for the standard account. This means that the overall trading size is increased and the risk associated with trading increases. It therefore allows traders to use bigger size for their orders.

The XM Zero account is the next account type which is offered. The minimum deposit is 100$ and spreads start from 0pips. This special account type also has the XM Group no re-quotes policy. Keep in mind that there is a commission associated with this account type. It’s 7$ per 1 lot (100,000) round trip.

You also have access to demo accounts. These are for people who want to give the platform a try before making a final decision.

Surprisingly, there are no less than $100,000 in virtual funds available.

It’s worth noting that XM also offers Islamic accounts for people who want to trade according to Sharia law standards.

Spreads and Commission

The spreads, as with most online Forex brokers, are determined by the trading system and account type. Spreads might be as low as 0 pips to begin with (on a zero spread account).

Another advantage of these pips is that fractional pricing is available; instead of the typical four digits offered by other sites, five digits are provided.The trader can choose between fixed and variable spreads.

XM does not charge any commissions (Except for the 0 spread account). Rather, the corporation profits from the spreads on the deals itself. As a result, there are no hidden fees, and a trader’s profits (or losses) are completely transparent.

Underlying Assets

XM Group offers a good variety of markets. Here are some of the more popular ones:

  • Forex
  • Stocks CFDs
  • Commodities CFDs
  • Precious metals CFDs
  • Energies CFDs
  • Equity Indices CFDs

Reliability and Efficiency

Many people regard XM.com to be one of the most reliable platforms for individuals who want real time execution (nearly all trades are done in less than one second). No re-quotes means all figures will remain unchanged when a trade is open. There are few lag times between observed prices and their actual market equivalents due to the utilization of the previously mentioned trading platforms. Keep in mind that in order to achieve these feats, the trader’s computer and internet connection need to be of good quality as well.

Payment and Withdrawal Methods

XM Group offers the following popular payment methods: Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.

However their offering lacks PayPal as a deposit and withdrawal option.

Customer Support

XM has a high level of customer interaction and support.

Clients with any account level can access live chat, an email address, and a phone number as usual. They offer customer help in over 30 different languages.

Monday through Friday are the only days when these services are accessible.

Any requests received over the weekend will be responded to on the next working day.

Conclusion

XM Group is a renowned online broker. Its main advantages are excellent trade execution, easy to use platforms, and no order rejection.

However, there are some drawbacks to be aware of. They do not support deposits and withdrawals via PayPal. The fact that customer service is only available Monday through Friday may irritate some traders who want to place trades over the weekend. Regardless of these drawbacks, XM.com is a formidable online Forex broker that should not be disregarded.

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79% of retail investor accounts lose money when trading CFDs with this provider.