I joined on the recommendation of my friend Amanda, who has been trading with XM for a long time. ⭐️⭐️⭐️⭐️⭐️ — 5/5I’m new to XM, and so far the experience has been excellent. I had a withdrawal 8th of September. The previous version of the platform was simple, fast, and easy to use.

Are spreads and commissions competitive at XM?

Supporting multiple languages, it provides a variety of indicators and drawing tools, making it suitable for traders of all experience levels. Demo competitions offer a risk-free way to practice trading while competing for prizes. XM offers a 100% deposit bonus up to $15,000 as part of its anniversary promotion. It’s perfect for testing strategies and learning platform features before switching to a real account when you’re confident and ready to trade live.

XM Group vs Eightcap Spreads

Most deposits are processed instantly, enabling traders to start trading without unnecessary delays. Swap rates vary depending on whether a position is long or short, and traders can find the current applicable rates within the XM trading platforms. The trading fees at XM are influenced by the selected account type and trading instrument. The broker’s pricing model offers clarity and predictability, allowing both beginners and seasoned professionals to manage their trading costs effectively. This benefit is available both for existing traders and those who open new accounts through PaybackFX.

  • For advanced traders, its training and research section features live trading streams, a markets overview, technical summaries, an economic calendar, and a list of trade ideas.
  • XM offers a reliable customer support system with a variety of communication channels, designed to assist traders efficiently throughout the trading week.
  • It offers traders real-time data to compare prices and select the best trading pairs.
  • Use our country selector tool to view available brokers in your country.
  • 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.

MetaTrader 4 (MT

Most reviewers were somewhat happy with their experience overall. Yes, XM allows scalping strategies, offering fast execution and competitive spreads. XM provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to various trader needs and strategies. You can register for an account with XM by visiting their website and completing the simple online registration process. Our comparison table below highlights the spread differences between XM and Pepperstone, helping you choose the better option for your trading needs.

Supported Platforms

I have been with XM since 2016 and i had great experience with them overall. Judging from their popularity and years of experience, I expected to see more to be honest. Definitely not my type of broker.

Account Opening

We perform checks on reviews I have been using XM and overall found that withdrawal approvals are sometimes instant, while other times they take up to 24 hours even when the request is simple. Best trading app ever, gives free education for beginners and had free demo competition that gives you real money Amazing bonuses as well which don't disappear if you lose your personal funds. Definitely one of the best brokers I've ever traded with.

It enforces a no-requotes, no-rejections policy to ensure fair execution, creating a smooth and transparent trading experience across all account types and trading instruments. XM Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. XM boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. For example, XM charges fees for deposits and withdrawals via Bank Wire below $200. XM generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.

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The broker offers you a wide range of assets compared to other brokers with CFDs commodities such as cocoa and soybeans. With XM Group you can trade 1,200+ instruments of forex, stock CFDs, oil, gold and stock indices. Simply choose the account that suits your trading needs and follow the instructions outlined on the XM Group’s website to verify your details. As our review of XM Group found, you can sign up to this broker easily.

XM Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. XM offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. We analyze key tools and features important to forex and CFD traders and collect data on commissions, spreads, and fees across the industry to help you find the best broker for your needs.

XM does not charge fees for most withdrawal transactions, though external service providers may apply their charges. E-wallet withdrawals are typically completed within the same day, while bank transfers and debit card withdrawals may take between two to five business days. XM charges an inactivity fee for accounts that remain dormant for 90 consecutive days. Islamic, or swap-free, accounts are available for clients who require them for religious reasons. Triple swap charges are applied on Wednesdays to account for the weekend settlement period, aligning with standard market practices.

  • Whether you’re a casual trader or managing high volumes, XM provides cost-efficient conditions that support both profitability and risk management.
  • Each account comes with unique features, ensuring flexibility in trade sizes, costs, and market access.
  • For any guidance or assistance, please contact our Customer Experience team via live chat on our website or at Team 🚀BIG.
  • MT4 is ideal for those looking for a user-friendly platform with advanced analysis tools, while MT5 takes things further with enhanced features like hedging, netting, and an economic calendar.
  • Otherwise, they are manipulating TrustPilot and replying to negative reviews only, but not taking the necessary actions.

With XM Group Neteller, withdrawals are quick and easy, requiring just four steps. Funds are instantly credited to your XM trading account. This policy is standard across the industry and is meant to cover the administrative costs of maintaining inactive accounts. Once confirmed, you’ll gain access to your trading dashboard, ready to explore features and complete identity verification later for full access. The process concludes with a mandatory email verification, allowing immediate access to the trading dashboard.

Our team is currently investigating your case. We take all reports seriously and want to ensure every case is reviewed fairly. Replied to 93% of negative reviews

"Trading Finder," with its experience, aids traders and investors in gaining a correct understanding and deep learning. The broker also maintains a Help Center section covering common issues and platform guidance. XM Group offers 24/7 multilingual support through live chat, email, and phone. XM Group does not have a proprietary copy trading platform. These accounts do not incur swap or rollover interest on overnight positions.

The minimum deposit at XM is as low as $5, making it accessible to traders of all levels. XM does not charge fees on most withdrawal methods, but bank wire transfers below a certain amount may have fees depending on the financial institution. Yes, XM is suitable for beginners due to its user-friendly trading platforms, extensive educational resources, and responsive customer support. Check below the volume comparison table between Pepperstone and XM to help you assess which broker offers higher market activity.

We are sorry to hear about the inconvenience you experienced with your withdrawal.Please note that, based on your description, the withdrawal was processed on our side on the same day. XM needs to improve transparency, communication, and efficiency when handling legally straightforward estate withdrawals. My experience with the help center and support agents has been positive. Our intention is always to ensure the safety of clients’ funds.We would appreciate the opportunity to review your case in detail. The card is active, but it was not used for the deposit, so there is no valid reason for the withdrawal to be sent there. XM is a solid trading platform, but their customer service is extremely disappointing.

XM provides a diverse selection of account types designed to accommodate traders of all experience levels and trading preferences. Negative balance protection is also in place, preventing traders from losing more than their deposited funds in volatile market conditions. Client funds are held in segregated accounts at top-tier financial institutions, ensuring they remain separate from the company’s operational capital. With multilingual support in over 30 languages, XM caters to a global client base and aims to provide consistent, accessible service for traders at all experience levels. XM offers a reliable customer support system with a variety of communication channels, designed to assist traders efficiently throughout the trading week. When combining these safe trading conditions with over 1,200+ instruments available to trade, free demo account access, and first-rate training materials, it’s easy to see why XM Group won the Global Forex Broker of the Year award in 2020.

Regulation by these authorities ensures that XM adheres to strict financial and operational standards, offering traders an extra layer of protection. With https://forex-review.net/xm-group-review/ its user-friendly platform, diverse tradable assets, and commitment to education, XM stands out as a broker of choice. Furthermore, our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. There is a very high degree of risk involved in trading securities.