XM Group Broker Review

XM

Forex Broker

  • Company name: Trading Point of Financial Instruments UK Limited
  • Founded: 2009
  • Offices: Cyprus,UK, Australia
  • Regulators: EU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670
  • Broker type: Market Maker

Trading info

  • Min. Deposit: $5
  • Leverage: 500:1
  • Min. Spread: 0.0 pips
  • Deposit/Withdrawal: Bank wire, Visa/Mastercard, Skrill , Neteller
  • Currency pairs: 55+

Trading platform

  • Platform: MetaTrader 4, MetaTrader 5
  • Web based: Yes
  • Mobile: Yes

Open Account

8.5 TradeForexSA
Pros
  • Spreads from 0 pips
  • 5 USD Minimum Deposit
  • MT4 & MT5 Available for IOS & Android
  • Loyalty bonuses for existing customers
  • CySEC, FCA, IFSC & ASIC Regulated
Cons
  • Limited platform options with MT4 & MT5
  • Variable spreads might not be ideal for all traders
Summary

With the goal of becoming a Big, Fair and Human Broker, XM Group, has achieved substantial growth since 2009, earning 1.5 million clients living in 196 countries. Regulated by all three major regulators around the world, and receiving most of the complimentary awards, XM Group has made the splash it set out to achieve.

XM Group is considered to be the broker with the most extensive experience and in-depth knowledge of the global financial markets with an operational philosophy that is by ensuring client satisfaction and low client turnover; they earn client loyalty through award-winning 24/5 personal customer service, varied account types and competitive trading conditions.

Account Types9
Client Support & Onboarding9
Free Services7.5
Deposit & Withdrawal8.5

Is XM Group Safe?

XM Group is a brand name of Trading Point Of Financial Instruments.
XM Group has regulation from ASIC (license 443670) since 23/12/2013, regulation from the FCA (license 705428) since 03/05/2016 and CySEC (license 120/10) since 05/08/2010.

Winning awards for Best FX Broker Europe for 2017 & 2018 (World Finance Forex Awards 2017/8) and Best Gold Broker 2016 from Industry selection, was the trading industry showing their respect and acknowledgement of what XM Group has achieved over the years.

XM Group is required by their regulators to maintain segregated accounts for client funds to keep them separate from entering into the day-to-day operational account of the broker. Every evening, an audit is completed for all client accounts to ensure there is liquidity in the trading organisation.

These internal process, the applause and admiration shown by the plethora of awards won by XM Group over the years, and regulation by three major regulators shows that XM Group is a safe trading partner.

XM Group for Beginners

XM Group is a fabulous broker for beginners with vast quantities of educational material, market analysis, webinars and seminars held around the world. The international award-winning customer service team is available for all client account and technical related questions.

Educational Material

XM Group’s educational content focuses on instruction in a video format. Their extensive library of MT4 how-to videos to help beginners get set up, along with an evident commitment to hosting numerous seminars and webinars available in over 18 languages won them the award for Best Market Research & Education 2018 (Capital Finance International Magazine).

Analysis Material

The research and analysis section of XM presents traders with a daily market preview, Forex previews, cryptocurrency analysis and special reports. Research supplements educational instruction by applying skills learned to the current market situation. Other sections that cover technical analysis, as well as analysis videos focused on market fundamentals, will help clients identify trading opportunities.

Customer support

The award-winning customer service team at XM Group is available 24/5 GMT via telephone, live chat and email. XM Group customer service has won awards for Best Local Customer Service 2016 (FX168) and the Best Forex Customer Service (Awarded by Shares Magazine at the UK Forex Awards 2018)

For recognition of the technical sides of the service area, XM Group won the award for Best Trading Support for 2017 (Capital Finance International Magazine) which is essential for new traders getting set up and confident in the technology.

The multilingual XM Group support team got a fitting award for Best Local Customer Service 2015 (Presented by FX168 at the Brokers Billboard) which bolstered their commitment to being a Human broker which has earned them a high level of client retention.

XM Group Video Introduction

XM Group Trading Conditions

XM Global set out to create an MT4 setup with fast market execution and a no re-quotes policy, and do so in a way fair to all customers with a human approach to client service.

While that policy still exists today, XM has continued to improve trading conditions further by offering accounts with transparent commission structures on account types that apply, tight spreads as low as 0 pips on major currency pairs, and fractional pip pricing.

Account Types

XM global offers a Micro account, a Standard account, and Zero account in addition to a free demo account. XM Group offers an Islamic swap-free account option to clients following the Muslim faith.

Zero Account

The zero account from XM offers spreads as low as 0 pips, leverage up to 500:1, and hedging and EAs are allowed.  These account conditions are revolutionary in this industry, especially for a market maker. This account requires a $100 minimum deposit for new customers.

Micro Account

The Micro account has a $5 minimum deposit requirement.  The max leverage with this type of account is 1:888.

Standard Account

The Standard account offers different bonuses, faster support, more access to the broker’s other features, etc. The minimum amount needed to start this account is $5. The main difference between the standard and micro accounts is the contract size.  The standard account uses standard lots, while the micro account uses micro lots.

XM Account types

Spreads and Commissions

Spreads on the Micro and Standard accounts are as low as 1 pip, while the Zero account has spreads as tight as 0 pips. The Micro and Standard accounts do not charge any additional commissions on the trade, but a commission of USD 3.5 each way will be charged on trades of 1 standard lot.

Deposit & Withdrawal fees

XM Group does not charge any fees for deposits and withdrawals from credit/debit cards and e-wallets. XM covers all transaction fees both ways for clients.

For deposits and withdrawals via international bank transfers, XM covers all fees imposed by their bank on all amounts above 200 USD.

Bonus Structure

XM offers signup bonuses, no deposit bonuses and loyalty bonuses for customers who are actively trading.  At the time of writing, there was $30 of No Deposit Bonus, 50% up to $500 and 20% up to $5000.

XM Group Trading Platform

As winners of Best Forex Platform 2015 (International Investment & Finance Expo) and Best Financial Trading Platform 2015 (8th Saudi Money Expo & Conference 2015), the trading community acknowledges XM’s platform commitment to delivering a quality technical product.

XM presents traders the choice between the industry standard MT4 platform, and the next generation trading product, MT5. MT4 & MT5 are both free downloadable platforms that run on Windows and MacOS operating systems.

The webtrader platform offers a seamless trading experience for traders who wish to trade from a web browser interface away from their regular workstations.

Mobile Trading Apps

The MT4 and MT5 mobile applications offer full XM account functionality to offer a seamless experience with the desktop application. The MT4 or MT5 applications vary in the number of technical indicators and instruments available to trade, and different chart types or market analysis tools, but each of these apps offer traders the option of mobile trading.

Compare XM Group

XM Group Vs. Etoro

 XMEtoro
FundingBank wire, Visa/Mastercard, Skrill , NetellerBank wire, Visa/Mastercard, Skrill , Neteller, PayPal
RegulatedEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670UK FCA Registration No.583263 EU CySEC License No. 109/10
Broker TypeMarket MakerMarket Maker
Currency Pairs55+47
Minimum Spread0.0 pips2 pips
Minimum Deposit$5$200
Max Leverage500:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit XMVisit Etoro

XM Vs. AvaTrade

 XMAvaTrade
FundingBank wire, Visa/Mastercard, Skrill , NetellerBank wire, Visa/Mastercard, Paypal
RegulatedEU CySEC License No. 120/10, UK FCA Registration No.705428, ASIC No. 443670FSCA No.45984, ASIC, FCA, BVI, FFAJ
Broker TypeMarket MakerMarket Maker
Currency Pairs55+50+
Minimum Spread0.0 pips0.7 pips
Minimum Deposit$5$100
Max Leverage500:1400:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit XMVisit AvaTrade

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the XM Group offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

XM Group Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients.  XM Group would like you to know that:  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.

Overview

XM Group is a serious market maker broker which provides a level of professional service beyond what is expected by customers, and which has since been recognised and rewarded by the industry. XM, with regulation from CySEC, the FCA, and ASIC along with support for the leading trading platforms, has strength in trust and technology.

Attractive to beginners, XM Group has extensive instructional documentation and support to get traders started, as well as regular market forecasts and webinars to appeal to all traders and all levels of learners.

 

Jeffrey Cammack Administrator
Editorial Director at TradeForexSA
Jeff Cammack is the Editorial Director, a Forex trader since 2008, and educator. Always in search of new trading opportunities, Jeff can always be found doing research in the charts or combing through the financial news. When not trading, he is always researching his next article.
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How do I open a practice account?

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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