Broker Information
  • Company Name: XM Group
  • Founded: 2009, 2015, 2017
  • Country: Cyprus, Belize, Australia
Broker Services
  • Regulators: ASICCySECIFSC
  • Bonus: 50% and 20% deposit bonus up to $5,000 (t&c apply)*
  • Minimum Deposit: $5
  • Leverage: 1:30 *This leverage applies to clients registered under the EU regulated entity of the Group. Leverage depends on the financial instrument traded.
  • US Clients: No
  • EURUSD Spread: 1.8 pips
Platform Info
  • Platform: MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5

Bonus Offer for Forextraders Visitors

50% and 20% deposit bonus up to $5,000 (t&c apply)*

XM Group Pros
  • $5 Minimum Deposit
  • Very well regulated
  • 24-hour Customer support

Pros Cons
Low minimum deposit Difficult to contact tech support
Super- tight bid-offer spread

Impressive trading platforms

Tier-1 regulators

 

Trader’s Viewpoint

The XM experience is very much about trading and trade execution. The market-leading platforms on offer are the most popular retail trading platforms in the world. They combine user-friendly functionality, with powerful software tools. Even more impressive are the razor-thin spreads that XM offers its clients.

XM Group backs this up by being a broker with the intention of meeting the highest regulatory standards. Its activities are regulated by a variety of internationally recognised authorities and the list of regulators it operates under include Tier-1 authorities CySec and ASIC.

XM is a global broker. Some of its client base operates under license from the International Financial Services Commission of Belize (IFSC). That means individual T&Cs, on issues such as leverage can vary depending on where clients are based.

 

One universal aspect of the service is the offer of over 60 currency pairs and more than 1000 other financial markets. Trading is in CFD form which caters to more active traders looking to sell short as well as to buy-and-hold.

The popularity of XM Group is mainly attributed to its strict no re-quotes, no rejection of orders and no hidden fees or commissions policy, along with real-time markets execution, with 99.35% of all orders being executed in less than one second. Moreover, 24/5 multilingual Personal Account Managers ensure smooth client communications and professional support for both demo and real account holders.

Setting up an account at XM is easy. Being subject to the rules and regulations of high-level regulators requires XM to follow a range of Know Your Client (KYC) protocols. They are intended to protect clients and are very much a standard part of onboarding.

Customers can choose from various modern payment methods with comprehensive geographical coverage. They include bank cards (VISA, VISA Electron, MasterCard, Switch, Solo), bank transfer, Neteller, Moneybookers and Skrill. The recently introduced option of local bank transfer allows investors to replenish their accounts through their local banks (in 58 countries) and in local currency. There are no hidden fees or transfer fees – XM covers all transfer fees.

About XM Group

XM Group is a unit of regulated online brokers: Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus, CySEC regulates it with a license of 120/10 (Cyprus Securities and Exchange Commission). Financial Instruments Pty Ltd was established in 2015 with headquarters in Sydney and is regulated by ASIC with license No. 443670 (Australian Securities and Investments Commission). Australia and XM Global Limited were established in 2017 with headquarters in Belize and is regulated by the International Financial Services Commission (000261/106”).

The benefits of trading at XM Group speak for themselves:

  • Trading with a MINIMUM DEPOSIT OF $5
  • MULTIPLE TRADING ACCOUNTS with flexible conditions
  • Unlimited and free DEMO ACCOUNTS
  • Account registration in 16 languages
  • LEVERAGE up to 1:30 – this leverage applies to the EU regulated entity of the Group. Leverage depends on the financial instruments traded.
  • TIGHT SPREADS as low as 0-1 pips on all major currency pairs
  • Fractional pip pricing
  • Access to eight TRADING PLATFORMS from one account
  • ACCOUNT FUNDING 100% automatic and INSTANTLY processed 24/7
  • Acceptance of the most commonly used Local Payment methods today including Credit/Debit card, Neteller, Skrill, Bank Wire Transfer, etc. Their coverage is quite extensive and adds more flexibility on adding funds into the account.
  • XM Group’s top priority is client funds. They partner with investment-grade banks and use segregated accounts to ensure security.
  • $30 non-deposit Bonus for new clients only. *Clients registered under the EU regulated entity of the Group are not eligible for the bonus.
  • Free UNIQUE MT4 video tutorials
  • Free weekly interactive online webinars
  • Metaquotes XM Group Mobile Trader platform
  • Multilingual ECONOMIC CALENDAR, forex news, market analysis

 

To Whom does XM Group appeal?

The broker offers CFD markets in more than 1,200 financial instruments including Forex Trading, Stock, Commodities, Equity Indices, Precious Metals and Energies. The MetaTrader 4 platform provides cutting-edge conditions for both demo and real trading operations on PC/Mac OS, iPhone, iPad and Android. The advanced features of the mobile trading platforms are a significant plus point for XM.

Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, XM Group offers three real trading account types with custom-tailored conditions and base currency options for the USD, EUR, GBP, CHF,‎ AUD, HUF and PLN:

  • MICRO (1 micro lot = 1,000 units of the base currency)
  • STANDARD (1 standard lot is 100,000 units of the base currency)
  • XM ZERO (1 standard lot is 100,000 units of the base currency)
  • XM Ultra-Low Account (allows you to trade with either micro or standard lots)
  • *XM Zero and XM Ultra-Low account are not available to all entities of the Group

The provision of several base currency types helps clients by removing the frictional costs associated with trading on a platform with a base currency which is not the same as that of the client. Trading is hard enough without taking on unnecessary operational costs.

 

 

With generally tight spreads on over 50 currency pairs and the same spreads offered for all trading account types, XM Group also provides fractional pip pricing. That means clients can trade with tighter spreads and benefit from the most accurate quoting available.

XM is regulated by an EU authority so in line with ESMA rules XM Group offers maximum leverage of 1:30. Clients are also covered by Negative Balance Protection (NBP) and client account segregation rules.

Funds transfer processing time is quick and in line with standard banking practices. XM doesn’t apply any charges on money transfers.

The different account types have broadly the same terms and conditions. As a result, beginner traders and seasoned investors benefit equally. There is full access to the real-time market prices, 100% execution guaranteed with no rejection of orders and no re-quotes.

Client support is a central theme. Personal Account Managers are provided and available 24/5. Uniquely developed free MT4 tutorials and free live webinars provide first-hand forex education for all those who want to perfect their trading skills.

Markets and territories

With over 1,200 markets on offer, XM provides a comprehensive service. It’s possible to get exposure to the far corners of the global financial markets. Whichever market you are trading, you can rely on the XM platform to be supporting you through state-of-the-art trade execution services.

Instruments and spreads

XM offers clients the opportunity to trade in more than 1,200 markets. That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade.

There are 57 currencies to trade, which means Major, Minor and Exotic pairs are all covered.

Shares, metals, soft commodities and equity indices are all there. One market which isn’t currently covered is cryptocurrencies.

There are some neat additional extras available at XM. The Volatility 75 index offers a way to trade the VIX index. The VIX, otherwise known as the ‘Fear Index’ reflects market appetite for risk. Trading it can offer a ‘hedge’ against other positions in a portfolio.

 

Average Spreads for currency pairs are as follows:

EUR/USD 1.8 Pips
GBP/USD 2.6
NZD/USD 4
USD/CAD 2.6
USD/JPY 2
USD/CHF 2.5
AUD/USD 2.5
EUR/GBP 2.5
EUR/CHF 3.1
EUR/JPY 2.7
GBP/JPY 5.4
EUR/AUD 6
EUR/CAD 7
AUD/JPY 4.8
CAD/JPY 5
CHF/JPY 6

 

The XM experience is very much about trading. Clients are offered a free VPS and the behind the scenes infrastructure ensures the execution is fast and reliable. Also, XM offers super-tight bid-offer spreads.

Platform Review

XM clients on both demo and live accounts can trade on eight trading platforms. Each provides the full range of trading tools such as market, limit, stop and trailing orders, all directly accessible from one account.

The seamless cross over between platforms speeds up trading operations and gives traders the flexibility to trade from locations and at times that suit them from anywhere and at any time with ease.

The MetaTrader MT4 platform is the most popular retail trading platform in the world. Millions of traders are drawn to the trading edge offered by being able to apply powerful software tools to their strategies.

The free trade indicators and razor-sharp graphics help MT4 stand out. It is also very reliable.

Mobile Trading

The MetaTrader mobile app provides an experience similar to the high-quality desktop version. Clients can access all the services necessary to support their trading.

There are a handful of tools and indicators which do not transfer over to the smaller screen but those that do ensure the mobile package is still of the highest quality. The application supports 30 technical “indicators” and 24 analytical “objects”, such as Gann and Fibonacci levels.

XM Group Supported Platforms

XM Group clients can access as many as eight advanced trading platforms directly from one account, which speeds up trading operations and gives them great flexibility. It’s possible to trade with ease, from any location, at any time.

At XM Group the multi-award winning platform MetaTrader 4 works with an unlimited number of demo and real accounts and Expert Advisors (EAs) is also available.

The available trading software is as follows: MT4 Terminal; MT5; MT4 for Mac;  iPhone Trader; iPad Trader; Droid Trader. Apart from this, the XM Group Multiterminal Trader allows multi-account management to fund/asset managers and multiple account holders with unlimited use of charts and EAs.

XM Group Deposits and Withdrawals

XM Group’s top priority is client funds. They partner with investment-grade banks and use segregated accounts to ensure security. Meanwhile, all clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance.

XM Group also accepts the most commonly used Local Payment methods, including Credit/Debit card, Neteller, Skrill, Bank Wire Transfer, etc. Their coverage is quite extensive and adds more flexibility on adding funds into the account.

Customer Support from XM Group

Multilingual Personal Account Managers are at clients’ disposal via live chat, telephone and email. The multilingual service operates on a 24/5 basis and during our testing, we found the staff to be responsive, knowledgeable and professional.

For those looking to invest in building their skills, there is an extensive research and learning section on the XM site. There are ‘how to’ style videos to help traders obtain a better understanding of the powerful software tools offered by MT4 and MT5. Videos and free live webinars are trading focused, in that they focus on idea generation, trade entry and exit points and how to be a successful trader.

XM Group Review Conclusion

XM Group is committed to offering its services to a large global client base by setting high standards and by maintaining the following core values: business transparency, unified business principles and outstanding customer communications.

From the first moment of signing up with XM and throughout trading operations, clients can experience the benefits of trading with a leading forex broker.

XM offers its clients everything they need to trade.

Footnote

*Clients registered under the EU regulated entity of the Group are not eligible for the bonus.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Tom Cleveland