XM Forex Broker, XM Review, XM Information

However, you should know that bonuses usually can’t be withdrawn. Bonus is available for clients registered under XM Global Limited only. Trading Point MENA Limited is authorized and regulated by the Dubai Financial Services Authority (Reference No. F003484). Links and download instructions for the XM MT4 and MT5 mobile apps are easy to find under ‘Platforms’ in the main menu of the broker website.

It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. I deposited some money which was recieved instantly , did some profit and wanted to withdraw part of it.

Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. Our Research and Education center offers daily updates on all the major trading sessions along with multiple daily briefings on all critical market events which daily shape the global markets. In addition, our fully-fledged platforms for mobile devices compatible with both MT4 and MT5 make it easy to access and trade on your account from your smartphone or tablet. You can choose your favorite mobile or desktop platform from the list. Anyone looking for a professional trading platform with fast order execution and a reasonable fee structure should strongly consider XM Broker, according to our XM review. One striking feature is that it is simultaneously licenced by three of the world’s most prestigious authorities.

XM Customer Reviews

They deleted my account and didin’t send my deposited amount. They can delete your account anytime and send you a mail that saying your accounts been disabled due to suspicious trading. ( what that supposed to mean? If you are STP you can not take peoples initial deposit with such lying argument ) Been trading for 10 years never seen a broker like this before. So all in all registering with XM allows you transparency of money transactions, while you will avoid conversion fees for both deposits and withdrawals while selecting your preferred base rate. XM Group is a group of regulated online brokers, which serves as Trading Point of Financial Instruments Ltd established in 2009 and regulated by the Cyprus Securities and Exchange Commission .

• XM applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded.
• XM does not affirm that the information on its website is suitable to all jurisdictions.
• XM is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution.
• The answers to your questions can be found on a detailed FAQ website within a matter of minutes, whenever you need them.
• So to reverse the fee I had to withdraw the amount and when i did XM started charging me fees and said I violated their policy.
• One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate.

The XM back office will process a withdrawal request within 24 hours. Trading with XM will involve fees from $5, Spreads from 0.6 Pips, and commission-free trading depending on the account traders select. The minimum deposit amount required to register an XM live trading account ranges from $5– $10,000.

Is XM a regulated broker?

Always check the broker website for the latest information. XM’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. XM is an online broker for trading on forex with a strict no re-quotes and no rejections policy. For more information, please visit XM’s trading platforms page. Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

The XM Group is licensed by ASIC in Australia , by CySEC in Cyprus , by the FSC in Belize and by the DFSA , adhering to enhanced regulatory standards. Manned by 20 multilingual market professionals we present a diversified educational knowledge base to empower our customers with a competitive advantage. Start trading the instruments of your choice on the XM MT4 and MT5, available for both PC and MAC. Alternatively, you may also want to try out the XM WebTrader, instantly accessible from your browser.

Besides, the offering is user-friendly and XM has one of the lowest deposit requirements among the industry, CFD costs we found average and platforms are very friendly to all types of traders. XM.com warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors. The company complies with a strict regulatory framework and operates in accordance with clear-cut company guidelines. Clients still new to online investing are also more than welcome to test their trading skills and investing journey with demo accounts, which offer them risk-free trading with virtual funds in real-time market conditions. Other account types vary in their minimum deposit requirements by region. XM achieved a great focus on the Client’s needs while offers very competitive conditions and a range of services that attract global traders.

WikiFX Data

As a thank you for all the hard work of promoting the business, XM gives out points to their partners for their client trading activity. These points then can be redeemed in XM’s parallel partner program for cash or other exciting rewards. To encourage affiliate activity, the points value increases as more points are earned, so there’s always an incentive for introducing more people to the business. For more information, please visit XM’s account types page.

Wire transfer deposits and withdrawals over $200 are included in XM’s zero fees policy. Funds are generally available in two-to-five business days. Also, traders with demo accounts can make use of XM’s 24/5 support and all the broker’s educational materials. From here traders can manage their account, including depositing and withdrawing funds, claiming promotions, checking positions and leverage, and accessing the trading tools offered through XM. XM offers clients access to trading forex and CFDs on stocks, energy commodities, soft commodities, precious metals, and indices.

All those https://traderoom.info/ hunters that write negative review kindly save up and use your money then you dont have to tarnish a good company. XM Global Limited serves international clients from the rest of the world. Trading Point MENA Limited, regulated by the Dubai Financial Services Authority , serves clients in the Middle East.

Trading Assets: does XM offer a good variety of instruments?

I was so close to open an account with them, Thanks for the heads up and I hope they will give your money back to you. The only concern is to stick to the MetaTrader’s platforms. It would be great to have an alternative terminal using modern technology.

No re-quotes, no order rejection, and xm broker-time market execution give the company a definite competitive edge. Deposits and withdrawals are instant and automatic, and clients can use a wide range of payment methods with zero fees. Clients’ money is kept in segregated bank accounts to guarantee safety of funds at all times. In conclusion XM Review, it is a well-regulated broker with numerous highly respected licenses that delivers truly transparent conditions and is anextremely customer-friendly broker. No re-requotes and no hidden fees or commissions policy, as well Negative balance protection definitely a plus.

XM equity indices

We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs. The trade off is a broker commission of $7 per lot round turn charged when opening the trade. The maximum withdrawal amount from XM is determined by the payment method with Bank Wire limits being the highest. For faster XM withdrawal you may opt for the e-wallet, this payment is received the same business day. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

The regulators also require XM to segregate client money in separate bank accounts at top-tier financial institutions. Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while XM Zero accounts require a minimum deposit of $100. All XM account types offer negative balance protection for EU residents. That means losses cannot exceed deposits as required by ESMA. XM offers trading services to residents or citizens of more than 200 countries. The broker’s head office is in Limassol, Cyprus, while they also have offices in Athens and Sydney.

XM offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions. XM has worked hard to reduce withdrawal time to the minimum so that clients receive their trading profits as fast as possible. XM offers several real account types with spreads as low as 0.6 pips. However, only certain account types are available for all XM entities.

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Along time, we see great development of the company and its awards too, before company received awards from time to time, now they are on a regular basis. There are about 1.5 Million Traders and investors at XM that selected broker proposals and services, there are many advanced trading solutions, yet suitable for beginning traders. So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients.

Overall, XM can be summarised as a trustworthy broker that is regulated by one tier-2 regulator and one tier-3 regulator. Overall XM can be summarised as a trustworthy broker that provides Contracts for Difference and low spreads on 1000+ trading instruments. However, XM does provide a loyalty program and a rewards system for clients outside of the European Union. For example, clients who maintain an account balance of $5,000 or the currency equivalent get free access to XM’s Virtual Private Server .

XM maintains a broader choice of trading instruments and lower trading costs. At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . Márton has been a macro and value investor of stocks for more than 10 years on his own account. He has been trading options and volatility as well since 2020.

CFDs on over 100 US, UK, and Germany stocks are available to trade on the XM platform. Contact us directly for further inquiries about our products and services. XM is dedicated to providing client fund security and safety supported by multiple licenses and registrations with regulators around the world. XM is the brand name of Trading Point Holdings Ltd (the “Group”), which owns and operates Trading of Financial Instruments Pty Ltd, XM Global Limited, Trading Point MENA Limited, and Trading Point of Financial Instruments Ltd. We continuously work on adding new features and making improvements to functionality, to give you the best possible user experience.

In view of the above violation, it was correctly decided to nullify all transactions and terminate the business relationship with immediate effect. I can confirm though that you have successfully withdrawn all the funds previously deposited. I made a live chat with the supporting team, they did nothing , and they do not know the reason of what happened. Additionally, XM clients can benefit of Autochartist, Analyzzer, and ideas from Trading Central and of course the MetaTrader marketplace.

This includes also XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server. The XM VPS brings non-stop work without your monitoring or even having the computer on. Clients that maintain a minimum amount of $5,000 or equivalent, are eligible to request a Free VPS, for the ones’ that can’t meet the requirement, still can request a tool with a monthly cost – $28.

Once traders agree to some standard disclosures they can click the MT4 or MT5 icon on their desktop and be on the platform in seconds. Traders with Micro and Standard accounts pay the XM variable spread on CFD trades instead of a commission. Before you can trade with XM for the first time, you must provide identity and residential address verification. First, you fill in some basic information including your name, address, and some information about your financial background and trading experience. Access to shares CFDs depends on the client’s country of residence.

Furthermore, the 100% client-centric customer service of XM stands by the client at all times with personal account managers available 24/7 via email, live chat or phone in over 30 languages. This Leverage applies to clients registered under the EU regulated entity of the Group. Both brokers offer traders generous bonuses, research, and education, but XM adds higher-quality trading tools. XMprovides real stocks for clients onboarded under its IFSC-regulated entity, which is a major upside compared to its competitors. Clients can trade real stocks only after opening a Shares Account. XMwas founded in 2009 under the umbrella of Trading Point Holdings as a global forex brokerage.