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XM Group is a well-established brokerage with a global presence, offering a range of trading services. Regulated by reputable authorities such as ASIC, FSC, CySEC, and DFSA, XM Group provides a secure trading environment. With over a decade of experience, it has gained recognition for its reliable platform, educational resources, and diverse account types.
Popular user’s questions about XM Group:
Can XM be trusted?
Yes, XM Group is a reputable and trusted broker in the financial market. The broker is autorized by reputable regulators as ASIC (Australia), CySEC (Cyprus), and DFSA (UAE), FSC (Belize).
Is XM legal in the USA?
No, XM Group does not accept clients from the United States. In fact, U.S. residents are not eligible to use any of XM Group's services.
Is XM good for beginners?
Yes, XM is suitable for beginners, offering a user-friendly trading platform, special accounts tailored for beginners with minimum deposit only $5, a strong support team, and features like copy trading that cater to beginners' needs.
Is XM a true ECN broker?
No, XM is not an ECN broker, but a market maker. It quotes its own bid-ask prices and operates its own dealing desk.
Top facts about XM beginners need to know
XM Group, established in 2009, has evolved into a global broker serving traders in nearly 190 countries. Originally focused on Forex intermediary services, it has grown to accommodate over 5 million traders, earning recognition for its rapid growth and exceptional Forex services. Operating under the regulation of FSA, ASIC, and CySec, XM Group is a trusted platform known for its reliability.
Proven reliability
With over a decade of experience and a global presence, XM Group is recognized for its reliability in the competitive market.
International reach
Serving traders in almost 190 countries, XM Group provides a platform for a diverse and global trading community.
Regulatory compliance
Regulated by FSA, ASIC, and CySec, XM Group adheres to stringent regulatory standards, ensuring a secure trading environment.
Educational support
Beyond basic materials, XM Group stands out by offering webinars and offline meetings in 120 cities worldwide, fostering a learning-oriented trading community.
Is XM Group safe?
XM Broker stands out as a secure trading platform, holding licenses from four prominent global regulators: ASIC (Australia), FSC (Belize), CySEC (Cyprus), and DFSA (UAE). The CySEC license specifically places the broker within the regulatory framework of MiFID directives I and II, emphasizing its commitment to operating within European legal standards. An additional layer of security is provided by segregating customer accounts from those used for operational activities, and these segregated accounts are held in reputable European banks.
Segregated accounts
One of the key safety measures employed by XM Group is the use of segregated accounts. This ensures a clear separation between customer funds and the broker's operational capital. In the unlikely event of any financial challenges faced by the broker, client funds remain protected and are not utilized for the broker's day-to-day operations.
Protection from negative balance
XM Broker understands the importance of shielding its clients from extreme market conditions. The provision of protection from negative balance ensures that traders do not incur losses beyond their initial investment. This safeguard is particularly crucial during highly volatile market movements.
Personal account technology
To fortify security, XM Group incorporates advanced technology into personal accounts. This technology enhances the protection of sensitive client information and ensures that only authorized individuals have access to the accounts. This feature contributes to a secure and trustworthy trading environment.
XM Group pros and cons
Trading with XM Group comes with its set of advantages and disadvantages:
Pros
Order execution assurance
XM Broker stands out by ensuring a 100% execution of orders, with an impressive 99.35% of orders being delivered almost instantly. Traders can expect a smooth execution process without the concern of requotes.
Competitive market spreads
XM Group avoids any "markup" on narrow market spreads, emphasizing transparency and fair pricing. The broker's margins over the spread are eliminated, providing traders with cost-effective transactions.
Diverse trading instruments
With over 1,000 trading instruments, XM Group offers a comprehensive range of options. Traders can explore more than 55 currency pairs, including CFDs on cross rates, metals such as palladium and platinum, commodities like cocoa and cotton, as well as various stocks.
Commission-free transactions
XM Broker takes customer convenience seriously by not charging any commission for both deposit and withdrawal processes. The broker covers all commission costs associated with payment systems, allowing traders to manage their funds without additional fees.
Multilingual support
XM Group prioritizes customer assistance, offering around-the-clock support for five days a week. The support service is available in more than 30 languages, ensuring accessibility and clear communication for traders globally.
Cons
Limited platform variety
While XM Group provides a total of 16 trading terminals, it's worth noting that all of them are modifications of MT4 and MT5 for desktop, browser, and mobile trading. Traders looking for a broader choice of trading platforms may find the current options somewhat limited.
Passive investment services
XM Group's focus on active trading may be perceived as a limitation for those seeking passive investment services. The current offerings, such as the social trading platform and PAMM accounts, could be expanded to cater to a wider range of investment preferences.
Why choose XM Group?
When considering a trading platform, XM Broker stands out for its commitment to providing professional trading services, particularly catering to active traders rather than passive investment programs. The platform offers several support services to enhance the trading experience.
MQL5 trading signals
XM Broker provides access to MQL5 trading signals, a global community of traders on the MetaQuotes platform. Traders gain direct access to signals from experienced traders with a track record of successful trading for over a month. Additionally, the platform enables users to engage with the programming environment directly from within the trading terminals.
Advantages of the MQL5 signal copy service include automatic copy trading, compatibility with algorithmic trading, and seamless integration within the Metatrader platform. However, it's important to note that signals are provided for a month, and a subscription fee may apply after this period. Each trading account can subscribe to only one signal provider.
For substantial investments exceeding $10,000, large investors are encouraged to reach out to vip-invest@tradersunion.com or through the feedback form on the website. The professional team assists in navigating the intricacies of deals, from sign-up to profit withdrawal.
XM broker affiliate program
XM Broker offers a single variant of its affiliate program with enticing conditions. The program provides a one-time reward ranging from $450 to $650 based on the trader's country of origin.
Advantages of the XM Group affiliate program include extensive marketing support with over 20 banner options in 25 languages, click tracking links, ready-made websites, and landing pages. Partners benefit from a dedicated user account for tracking statistics and conversions based on various campaign parameters like country and age category. Personal account managers and weekly payouts further enhance the partnership experience.
Trading conditions for XM Group users
XM Broker offers trading conditions suitable for both beginners and seasoned professionals. With cent, standard, and ultra-low spread accounts, accommodating minimum deposit requirements, and leverage complying with European regulatory standards, the platform caters to diverse trader needs. A demo account is provided for testing strategies and exploring platform functionality.
As a market maker in the international financial market, XM Group ensures direct access to liquidity, providing traders with optimal quotes. The company guarantees minimal slippage regardless of market volatility, offering competitive spreads even during sudden price movements.
The platform focuses on active trading, constantly improving platform technology, and data transfer. With over 1,000 trading instruments, including unique assets like cotton and palladium, XM Broker facilitates the construction of comprehensive correlation trading systems and diversified investment portfolios. The addition of cryptocurrencies is anticipated in the future.
XM Group key features
XM Group fees structure
XM provides a variety of trading account options, including Standard, Micro, Ultra-Low, Shares, and XM Zero accounts through XM Global. The first four account types operate without any commission charges. However, the XM Zero account entails a commission of $3.5 per $100,000 traded.
For the XMCY entity, there are offerings such as XM Ultra Low Micro and XM Ultra Low Standard Accounts, both of which do not impose commissions. Additionally, the XM Zero account under XMCY comes with a $3.5 commission per $100,000 traded.
XM group account types
XM Ultra Low Micro
Designed for cent micro-lot trading, this account type allows for a minimum trade volume of 0.1 lot, with 1 lot equivalent to 1,000 units of the base currency. The spread starts from 0.6 pips, providing favorable conditions for traders engaging in micro-lot transactions.
XM Ultra Low Standard
Tailored for standard trading, this account type features a minimum trade volume of 0.01 lot, with 1 lot representing 100,000 units of the base currency. Similar to the micro account, the spread starts from 0.6 pips, catering to traders involved in standard lot transactions.
XM Zero
As a standard ECN account, the XM Zero type is geared towards experienced traders. It maintains a minimum trade volume of 0.01 lot, with 1 lot equivalent to 100,000 units of the base currency. Notably, this account boasts a spread starting from 0 pips. However, traders should be aware of a fixed fee of $3.5 per full lot, a characteristic of the ECN model.
XM Group customer support
XM Group ensures users have access to assistance five days a week, excluding holidays, offering convenience and timely help. The platform stands out with a variety of communication channels, including an online chat and telephone support, providing users the flexibility to choose their preferred mode of interaction.
With support available in over 30 languages, XM Group caters to its diverse global user base. However, it's essential for users to note that customer service is not operational on weekends. While the platform facilitates communication through social media, instant messengers, email, and telephone, users may encounter limitations seeking assistance on Saturdays and Sundays.
