Thanks to XM’s multiple licenses, the broker can provide services to clients from all over the world. There are some restrictions that even XM could not overcome, however, and this includes not offering accounts to residents of the USA, Canada, Israel, and Iran amongst others. XM empowers partners with high-converting products, deposit bonuses, and a copy trading platform for easier client onboarding. With global awards and elite trading conditions, affiliates benefit from the broker’s strong reputation and trader retention rate. XM Group’s Learning Centre offers beginner-to-expert education with live sessions, daily analysis, and expert-led webinars.
API Trading
We checked the authenticity of the licenses stated on the broker’s website to make sure they were still active. Equity indices come with a minimum spread of 0.6 and a maximum of 18 pips depending on the asset itself. With generous profit-sharing, instant payouts, and broad exposure, it transforms expertise into earnings, making it ideal for traders who want to lead, not just trade. Prizes are automatically credited to the winners’ Wallets shortly after a competition ends.
MT4 allows traders to customize their experience with a variety of analytical tools, making it suitable for both beginners and experienced traders. The platform is available across multiple devices, including desktop, mobile, and web versions, ensuring accessibility and flexibility for traders on the go. With features such as one-click trading and customizable charting options, MT4 remains a popular choice for forex and CFD trading. XM offers swap-free Islamic Accounts that comply with Sharia law, ensuring that no interest is charged or paid on overnight positions. Islamic accounts are available across the Standard, Micro, and Ultra Low account types. XM does not impose hidden fees or widen spreads for Islamic Account holders, providing a fair and transparent trading environment for Muslim traders.
XM Group commissions and fees summary
XM provides a diverse selection of account types designed to accommodate traders of all experience levels and trading preferences. Each account comes with unique features, ensuring flexibility in trade sizes, costs, and market access. XM provides an impressive selection of over 55 currency pairs, which include major, minor, and exotic pairs. The platform offers tight spreads and competitive pricing, making it a solid choice for forex traders. Whether youre a beginner or an experienced trader, XM’s diverse range of forex pairs ensures that you can speculate on the world’s largest and most liquid market effectively.
CFD Trading
XM offers customer support in over 30 languages, including English, Spanish, French, German, Italian, Arabic, Chinese, Japanese, and Russian. As such, XM may request additional documentation or information in some cases to ensure compliance with AML and KYC requirements. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Trading and investing in financial instruments comes with a high degree of risk and you can lose money. You should only engage in any such activity only if you are fully aware of the relevant risks.
- XM provides stable leverage conditions without margin changes overnight or on weekends, ensuring consistent trading conditions and eliminating surprises for those holding positions beyond market hours.
- With a high trust score of 88 and a solid overall recommendation, XM Group provides a reliable trading environment.
- From a third-party standpoint, XM’s affiliate program is one of the most competitive globally, offering top-tier commissions, rapid payments, and excellent partner support.
- Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives.
- When trading with XM Group, you can choose between the ever-popular MT4 or MT5.
Users on ForexPeace Army has given an average of 3.1 out of 5 to the discussed broker. XM’s policy ensures that traders’ losses are limited to the funds available in their accounts, providing peace of mind and supporting responsible trading. XM’s investment in developing and maintaining these resources demonstrates a strong commitment to client education and support. By providing a diverse array of educational materials, XM enables traders to continuously expand their knowledge and adapt to changing market conditions. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf.
How are prizes awarded in Demo competitions?
XM Group has 5 minimum deposit limits, depending on which account type you select. You can open a Micro or Standard account with the broker for as little as $5, whilst $50 is the minimum deposit for the Ultra Low Account and $100 is needed to open a Zero Account. There is also a minimum deposit of $10,000 required to open a Shares Account. The Trade Ideas tool at XM Group offers you sentiment analysis, where you can see whether people are mostly bullish or bearish on a currency pair. This insight is provided by Autochartist, one of the industry’s most respected analytics companies.
First, log in to your XM client cabinet and select Neteller as your payment method. Enter an amount between $5 and $10,000, confirm the details, and log in to your Neteller account to authorize the payment. A verification code will be sent via SMS or email; enter it to finalize the transaction and XM Neteller deposit. Based on our examination, XM Group broker does not charge any hidden fees or commissions related to withdrawals and deposits. XM Group provides several account types to comply with different approaches and styles in trading.
Trading Conditions
On the whole, XM Group keeps their clients very well informed, and there is a wealth of information on their site. There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading. After spending a few days navigating our way around everything on offer we found no problems, and soon understood why XM Group has found itself in such a favorable position.
Does XM Group support copy trading?
XM offers a variety of account types, including the Micro Account, the Standard Account, the XM Ultra Low Account, and the Shares Account. Currency conversion fees are applicable when xm group deposits or withdrawals are made in a currency different from the account’s base currency, a common practice across the industry. Clients can access a detailed Help Center covering common issues, platform guides, and trading resources. Responses through live chat are prompt, and email replies typically arrive within 24 hours, ensuring timely assistance. TAKE ACTIONOpen an account on the broker website.COMPARE BROKERSee what benefits one offers over the other.CHECK THE FOREX GUIDESTrading financial markets has never been easier. This is great news no matter what type of trader you are, as commodity trading offers something for everyone.
With an impressive collection of over 2,500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information. XM provides a convenient and straightforward process for depositing and withdrawing funds, offering several methods to ensure smooth transactions for traders worldwide. XM Group provides 55 forex pairs and 1,429 tradeable symbols, offering ample trading options but is below the industry average of 3,623 symbols. XM Group charges an inactivity fee and has an average spread of 1.6 for the EUR/USD pair, which is higher than the industry average. However, with no minimum deposit required and solid ratings for commissions and fees, it remains an average choice for investors.
- However, this does not imply endorsement or recommendation of any third party’s services, and we are not responsible for your use of any external site or service.
- XM Group is committed to providing excellent customer support to ensure that traders have a seamless trading experience.
- A VPS allows traders to keep their systems running smoothly without being dependent on their own internet connection.
- In addition to 1,337 stock CFDs, XM also gives traders direct access to 100 individual shares.
During our review of XM Group, we found there are five account types available. These are XM Micro, XM Standard, XM Ultra Low (non-EU Only), and XM Zero (EU only). Non-EU clients can also open an XM Global Shares account, and all traders can enjoy demo accounts. XM Group clients can use trading signals and technical indicators created by industry guru, Avramis Despotis. These signals cover 10 financial instruments and are released twice a day. To complete this XM Group broker review, our team downloaded both mobile apps and tested their security features.
Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how XM Group scored in each of our high-priority categories. With elite rewards, instant commissions, global reach, and award-winning trading features, it’s a serious choice for affiliates aiming to grow fast and earn without limits.
While the number of instruments offered varies across asset classes, XM’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. Our wide range of CFD trading instruments offers to our clients the power to choose easily and efficiently between stocks, forex, precious metals and several other asset classes. Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy. XM Group offers a diverse range of financial instruments, providing traders with the flexibility to trade across multiple markets.
XM offers a transparent fee structure that traders can consider when evaluating their trading costs. I found a reliable broker for long-term investments, besides CFDs, XM offers access to the American stock market. XM Group accepts the most commonly used methods such as Credit/Debit card, Skrill, Neteller, Bank Wire Transfer, etc.
We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. In conclusion, XM Group has proven itself to be a dependable and client-centric broker that prioritizes security, transparency, and user support. As with any financial decision, it’s crucial to conduct thorough research and consider individual trading needs and risk tolerance before choosing a broker.
Below, our XM Group broker review experts have highlighted the main features of each available trading platform. To open an Islamic account with XM, our review team found that you’ll first need to follow the standard account opening process. Once your account is verified, you can request to change your account to an Islamic one by logging into the Members Area. All demo accounts at XM Group boast the same features as their real-money counterparts and allow you to practice with up to $5,000,000 of virtual cash.
These signals are generated by a team of experienced analysts and provide actionable insights into potential trade opportunities. The signals cover a variety of financial instruments and are available to all account holders, making them a valuable tool for both beginner and intermediate traders. XM’s customer support team is well-trained to handle a variety of concerns, whether it’s related to account management, technical difficulties or trading inquiries.