Here, spreads average 0.1 pips on major pairs, but you will be charged a $3.5 commission fee per side, per $100,000 traded. XM Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. XM is a well-rounded broker suitable for traders of varying experience levels. Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading.

The broker has a wide range of trading instruments for you to choose from including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. All instruments are available to trade from the same trading account on 16 trading platforms which makes your trading easier and more efficient. XM Group was founded in 2009 and has since grown into a large globally established trading broker.

• Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than XM Group.
• The lowest out team was able to find was 0.012 pips and the highest was 6.91 pips.
• The main advantage of using this platform at XM Group is that it supports stock and share CFD trading.
• Whilst most XM Group clients can choose between using MT4 and MT5, if you hold a Shares account you will be trading via MT5.

Considering this, our XM review found this platform to be perfect for both beginners and veterans. You shouldn’t need to provide the broker with proof of religion, but you should not have conducted any trades conducted on the account before requesting the change. XM Group also retains the right to revoke the swap-free status of your account if they believe you are violating the terms. Withdrawals at XM Group are relatively quick in comparison to competitors. All cash out requests are processed within 24 hours, except for bank transfers. There are also no fees on any payments, aside from if you choose to deposit/withdraw under $200 via bank transfer.

What risk management tools

This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with XM include FP Markets. XM Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran. If you are from one of the restricted countries, feel free to look for an alternative broker on our compare brokers page.

Safeguarding Your Investment

Create a password, accept terms and conditions, and select the “open real account” button. Answer questions about employment status, capital, trading aims, and trading experience. The whole registration process is digitalized, which means you needn’t worry about mailing documentation to the broker.

In some jurisdictions, such as the UK, you can view these files online. Again, this shows that XM Group is honest and upfront about its operations. Our expert reviewers found that XM Group is highly compliant with regulations in many jurisdictions around the world.

• If you are new to trading online and would like to learn more about the different platforms available and how to use them, XM have a generous selection of tutorial videos that can help.
• But, I am writing this review to specifically praise the payment methods provided by this broker.
• You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at XM Group who will be happy to get you started and provide you with assistance.
• We checked the authenticity of the licenses stated on the broker’s website to make sure they were still active.
• If you are based in Australia or another country, you can enjoy a Standard demo account or an Ultra Low demo account.
• As per regulatory requirements, XM Group is also subject to quarterly audits and must submit financial statements.

Nurturing Traders of All Levels

XM Group offers variable spreads on all instruments as standard, and fractional pip pricing to the fifth digit. Below our experts have outlined how fees are applied to each asset class so that you can correctly calculate how much your trades would cost. Probably a lot of traders already shared their experiences with XM broker except me. Well,I’ve been trading via XM for over 1 year and for all this time I can say this is a great brokerage company. Most of all I like how often they hold trading competitions for their customers.

XM Group has also won xm group multiple awards, including ‘Best FX Broker for Europe 2020’. Holding positions overnight with XM incurs swap fees (also known as rollover or financing costs). These can be charged to your account or credited, varying based on the instrument, trade direction (long/short), and interest rate differentials. As is standard practice, XM’s triple swaps are applied on Wednesdays to cover the weekend. Use the orange “Edit” button to make direct comparisons with other brokers or symbols. Scanning XM verified user reviews on FxVerify, traders often praise the broker for its bonuses and promotions.

XM Regulation and Security

Get started with the MT4 platform in any way you prefer and enjoy a seamless cross-device experience designed to fit your trading style. As an XM Group client, you can open up to a maximum of 200 positions at any one time (including pending orders). If you want to trade larger quantities, you can either trade via phone or split the order into smaller sizes. The XM Group execution policy is well respected and, since being put into practice in 2010, they have had no rejection of orders and no requotes at all.

XM Group trading platforms

Once your account is verified, you can request to change your account to an Islamic one by logging into the Members Area. XM Group provides negative balance protection on all leveraged products, proportionate to the size of the customer’s account. Your personal data is also protected and will never be shared for commercial purposes. Our XM Group reviewers are happy to report that this broker is licensed and regulated by several top-tier financial institutions, including the FCA, ASIC, and CySEC. XM also offers investor compensation and boasts a great reputation and history.

I always start on a demo with a new broker just to get a feel for what they have to offer. XM provides variable spreads that startas low as 0.6 pips on major currency pairs for most accounts. For traders usingthe XM Zero Account, spreads can drop to 0 pips, with a small commissioncharged per trade. XM provides access to both MetaTrader 4(MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in theindustry.

With a high trust score of 88 and a solid overall recommendation, XM Group provides a reliable trading environment. While these promotions can boost tradingcapital, traders should always review the terms and conditions to fullyunderstand any restrictions or requirements. Complete the easy sign-up process at XM Group today to start trading with one of the best brokers around. To open an account with XM Group, you’ll need to provide proof of identity and proof of address. This process allows XM Group to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering.

The overall ratings on FxVerify reflect XM’s popularity, particularly among retail traders. Founded in 2009, they have grown into a large, well-established global broker recognised for its extensive marketing and bonus offerings. They hold licences from multiple regulators across different regions, contributing to their reputation. XM scores well for its platform options and customer support availability. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection. In addition to providing excellent support, I am impressed with the trading conditions you can get access to for a small deposit of just $5.

This experience combined with strict regulation and customer service in over 30 languages makes them one of the best forex brokers for traders from all different backgrounds and levels of experience. XM provides a wide range of deposit andwithdrawal methods, ensuring convenience and security for its global clientbase. The broker’s commitment to a fee-free transaction model and fastprocessing times makes managing funds efficient for traders.