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XM Group includes 3 related companies.
XM AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
XM CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
XM BZ - located in Belize, regulated by the International Financial Services Commission of Belize (IFSC).
Be aware, CY brokers are subject to some trading restrictions imposed by the European Securities and Markets Authority (ESMA).
Unfortunately, ASIC has also placed some trading restrictions on AU brokers since late March 2021 (such as reduced trading leverage).
XM Group accepts clients from all over the world, excluding USA, Canada, Argentina, Israel and Iran.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 50+ Crypto Pairs | Based on Based on various prominent coins and tokens. |
| 23 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 5 Metal CFDs | Based on Gold, Silver, Platinum, Palladium, Copper. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 7 Soft CFDs | Based on Cocoa, Coffee, Corn, Cotton, Soybeans, Sugar, Wheat. |
| 1000+ Stock CFDs | Based on shares of AU, CA, US, UK, EU, BR companies. |
XM Group is an online brokerage for forex and CFD traders, originally established in 2009 under the registered business name Trading Point of Financial Instruments Ltd.
XM Group today has offices Cyprus and Australia, and is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC). CySEC is a well-regarded regulatory agency under EU jurisdiction with long experience in dealing with retail-focused online brokerages and other financial institutions, while ASIC serves the same functions for local traders in Australia.
In addition to the two onshore branches, XM Group also has an offshore entity for international clients registered in Belize.
The broker claims to have more than 1.5 million clients from over 190 countries around the world, making them a big player in the forex trading space. The website is also offered in 27 languages, making it a convenient and easy broker to use for traders from all parts of the world. Further, the company has demonstrated that they are willing to go above and beyond to keep their clients satisfied by visiting over 120 cities to meet with traders and partners since it first launched back in 2009.
One thing that stands out with XM Group is that the broker has also made an effort to become one of the more transparent and trusted players in the forex and CFD trading world. The broker provides automatic protection for all users against the possibility of getting a negative account balance, and provides insurance of client funds of up to EUR 20,000 under the CySEC-mandated Investor Compensation Fund.
In terms of available assets to trade, XM Group also covers most traders' needs, offering everything from forex to CFDs based on equity indices, individual shares, and commodities. For clients based outside of the EU and Australia, crypto trading is also available.
For international clients (non-EU and Australia), XM Group offers four different account types to choose from upon sign-up; a Micro Account, a Standard Account, an XM Ultra Low Account, and a Shares Account. All account types except for the Shares Account offer the same 1:1,000 leverage and commission-free trading. On the Shares Account, however, no leverage is available and there are commissions to be paid on each trade.
The minimum deposit for the three regular trading accounts is just $5, while the Shares Account requires a rather high minimum deposit of $10,000.
Clients from the EU and Australia will have slightly different account types to choose from, with all details available on the respective websites for those regions.
When it comes to trading platforms, XM sticks with what works and what traders usually request, offering the classic MetaTrader 4 (MT4) and the upgraded MetaTrader 5 (MT5) in versions for PC, Mac, web, iPhone, Android, and tablet devices. MT4 is in many ways the benchmark for trading platforms in the world of forex, and comes with the extra benefit that it is extremely easy to switch between different brokers while staying on the same platform.
Lastly, XM Group's customer service is open 24 hours a day on all trading days, with customer service agents available via live chat, phone, and email. As a global brand with operations all over the world, XM has representatives that speak an impressive 25 different languages, with local phone numbers in Cyprus, Australia, and Greece. As a result, we believe XM Group may be a broker that international traders will want to take a closer look at.
I am an XM old. I've been here since I started learning trading. Which wasn't a long ago, but anyways. My first acc was micro, and I experimented with it and traded a bit. Now I got a standard account, only difference is the lot size. I can't say that I am a pro already, still learning, but it's fun to trade! Feels like learning in this sphere never stops, you just keep getting better.
There are a lot of trading accounts but I'm just trading through a standard account with pretty good conditions. It's nice that everyone can start trading with 5$ of minimum deposit, except via shares account. Honestly I thought that the the threshold of minimum deposit would be from 1000$.
I don't have any complaints and I can officially declare like Donald Trump that this is a good broker!
Hats off to XM for cultivating such an amazing reputation over all these years by providing such a good service and client support. It's come to a situation with XM that you struggle to find anything really negative with this company, cuz they are top. They maybe should start a campaign that would pay people to find any flaws in their system, it would be a win-win. XM is like the Microsoft of financial companies, so the legitimacy is hundred percent.
I'm interested in trading indices on XM platform. And here I have leverage for some indices up to 1:50. Which may seem too little. But given the volatility, such leverage has a low level of risk.
How a broker performs in payments sets them apart or puts them in the same basket as all the other brokerage companies. This is the aspect that, in my opinion, makes XM stand out from the crowd! I don't brag, but I am a profitable trader who makes frequent withdrawals, sometimes even twice a week. The only payment method I am interested in is the wire transfer and its procedure of verifying my bank account details. In both aspects, XM did great. I have nothing to complain about, only recommend this platform for being 100% reliable and professional regarding withdrawals.
I won't lie that I was struggling to choose among 4 trading accounts because each of them has great trading conditions but after all I just chose a standard account. I like how many exotic currency pairs they provide for trading, it is a good opportunity to make money thanks to the immense volatility.
I was in shock when I first saw the amount of materials to study from XM, but it is all to make me a better trader, right, right? The schedule of live lessons is great, there are some lessons to watch after I come home. And after I finish the beginner, I will start watching the advanced!
XM are notably good at... everything, lol. They are good at providing trading conditions of a high quality, whether it concerns trading platforms, pricing, accounts or edu materials. Speaking of former ones, I really like their tailored approach to teaching traders. I personally pass some courses and use certain materials to polish my trading skills even though I am not a newbie.
I just want to say that the xm live streams have been really helpful for me.
I would like to share my opinion about XM broker from the point of view of a trader who has been trading for over 2.5 half years and you can believe me I have worked with many various financial brokers but XM stands out among them and let me explain why. This company offers quite a wide range of financial services, and especially the quality of educational materials are superior to other brokerage companies many times. Many beginner traders think that learning and watching educational videos is squander of time but I'm in a hurry to say don't repeat my mistakes, buddies. I also didn't want to spend time on education and it cost me a lot of money to understand that we should always develop as traders and never stop learning in the trading field. I recommend at least watching their webinars.
You know... it seems everyone nowadays trades in the short term, but I prefer to invest in the stock market for the long term and I like the fact that XM offers a wide range of shares of top companies. Through the year I bought about 10 stocks to make up my investment portfolio and all of them are dividend stocks. I'm getting passive income while holding stocks and it couldn't be better.
There are a bunch of payment methods available for both depositing and withdrawals. I used my bank card and recently made a withdrawal. It took three days for the funds to reach my account. Not bad.
Among all accs, Ultra Low Standard is the msot advantageous in my opinion. I am quite sensitive to swaps since I trade positionally and it's important for me not to have them high. Here swaps pretty much align with my needs, I don't pay much and the same refers to spreads. Leverage is enough for me, I would even say... more than I had expected before joining the broker.
Well, I think this company needs no introduction because this broker is very popular in the trading environment and everyone has heard about this company at least once. The variety of financial services is really huge and I've never met another broker that offers such great trading conditions. Good company without serious flaws!
XM provides the best educational materials to customers and I like to use trade ideas in practice and it is a good opportunity to hone my trading skills. Keep up the good work, XM!
I want to write about how I became a client of this broker. It seems to me that someone might be interested in this. Most likely, my path as a trader is similar to the path that others have followed. I opened my first account with a random broker. And only after I gained trading experience I realized that I needed really good trading conditions and I can get such conditions only from a reputable broker. No one doubts authority of XM and now I'm a client of this company.
FX market is my fav market to trade here at XM. Low spreads and high leverage (can be up to 1000:1) on it allows me to open big positions. Quite often my profits just trump the costs thanks to low spreads of the broker. But I am still cautious and operate with proper risk-management as my past experience taught me valuable lessons. There are other assets at XM with attractive conditions too.
