XM Review in 2024

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 19, 2024

XM Group (XM) is a group of regulated online brokers. Trading Point of Financial Instruments Ltd was established in 2009 and it is regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Trading Point of Financial Instruments Pty Ltd was established in 2015 and it is regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by International Financial Services Commission (000261/158).

Regulation

XM Group is regulated by CySEC (Trading Point of Financial Instruments Ltd), ASIC (Trading Point of Financial Instruments Pty Ltd) and IFSC (XM Global).

XM Group gives top priority to its clients funds which are stored in segregated accounts to ensure security. Also, all clients benefit from Negative Balance Protection, so they are never at risk of losing more than their account balance.

Trading platforms

XM Group offers its clients a variety of platforms.

Platforms	PC / MAC	Smartphones	Tablets
MetaTrader 4
MetaTrader 5
MetaTrader 4 Multi Terminal
MT4 Webtrader

XM Group MT4

Developed by MetaQuotes Software Corp., MetaTrader4 provides enhanced trading flexibility in Forex, CFDs, and futures. The platform allows clients to take advantage of a wide spectrum of functions, aimed to improve trading efficiency. With XM Group MT4 clients are able to:

• work with expert advisors, built-in and custom indicators
• trade using 1 click
• handle a vast number of orders
• create various custom indicators and different time periods
• manage history database, export/import historic data
• take advantage of a full data back-up and security
• do complete technical analysis using more than 50 indicators and charting tools

XM Group MAC MT4

The XM Group Mac MT4 is a Mac Application of the MT4, which allows the platform to operate on Apple Computers without the need of Parallel Desktop or Boot Camp. With XM Group MAC MT4 clients are able to:

• work with expert advisors, built-in and custom indicators
• trade using 1 click
• handle a vast number of orders
• create various custom indicators and different time periods
• manage history database, export/import historic data
• take advantage of a full data back-up and security
• do complete technical analysis using more than 50 indicators and charting tools

Meta Trader 5

• Use single login for seven platforms
• As low as 0 pips spread
• Hedging allowed
• Trading in one click
• Over 300 instruments

XM Group WEBTRADER 4

With XM Group WEBTRDER 4 clients can trade with convinience from their PC or Mac with no re-quotes and no rejections. Using this platform they are able to:

• work with a large number of financial instruments
• conduct trades with their existing open positions, handle pending orders, equity, margin/free margin/margin level, and balance
• work with an unlimited number of charts simultaneously
• take advantage of an improved visual representation of trading instruments
• take advantage of a full data protection

XM Group MT4 MULTITERMINAL

With XM Group MT4 MULTITERMINAL clients are able to:

• trade Forex, CFDs and futures
• simultaneously manage more than 100 accounts using one platform only
• take advantage of multiple order types

XM Group IPHONE TRADER

With this platform clients can directly access their accounts while on the go, with real-time quotes of financial instruments being provided. Clients are able to:

• manage and monitor open positions, exposure and equity
• open/close instant and market orders
• place/remove pending orders (buy/stop, sell/stop, buy/limit, sell/limit, stop/loss, take profit)
• monitor online news
• take advantage of complete trading security

XM Group IPAD TRADER

With this platform clients can directly access their accounts at any time and from any place, with real-time quotes of financial instruments being provided. Clients are able to:

• manage/monitor active positions, exposure and equity
• access advanced charting with technical analysis
• conduct trading operations on a multi-panel user interface
• open/close instant and market orders
• place/remove/modify pending orders (buy/stop, sell/stop, buy/limit, sell/limit, stop/loss, take profit)
• take advantage of a full support for portrait/landscape orientation

XM Group DROID TRADER

This platform allows access to real-time interactive charts with zoom and scroll, 30 technical indicators, and direct trading on an all-in-one user interface. By using XM Group Droid Trader, clients are able to:

• monitor and manage open positions, exposure and equity
• open/close instant and market orders
• place/remove/modify pending orders (buy/stop, sell/stop, buy/limit, sell/limit, stop/loss, take profit)
• monitor online and financial news
• monitor live prices on Forex, CFDs and metals

Execution

XM.com is the next-generation financial service provider of online trading, offering a wide range of features for trading Forex and CFDs (precious metals, equities, indices, energies). What makes XM Group one of the best brokerages out there are the advanced platforms for trading mobility and flexible trading conditions for over 100 financial instruments.

Trading efficiency and customer satisfaction are ensured by the variety of trading platforms, which allow you to trade on any device on-the-go. XM Group follows the “No Requote” policy which differentiates it from other brokers, as this is a common problem with many brokers in rapidly a moving market.

Dramatic changes in the Forex market are not rare to occur and can happen within a second, creating many trading opportunities. Times of high volatility are key for trading strategies employed by both beginner and professional investors, which is why XM Group ensures 100% order execution, with 99.35% of all in under 1 second.

Orders can be placed both online, or by phone – another distinctive feature. With XM Group you can trade 5 million with a simple click as the broker guarantees you fills on market orders up to 50 lots (5 million). However, for those of you that want to go bigger, you can do that by splitting the order into smaller trade sizes, or by requesting the full trade by telephone.

Additionally, XM Group guarantees fills on both stop-loss and limit orders up to 50 lots. If a holiday or a weekend gap occurs (from Fridays close to a Sundays opening or during the respective holiday break) XM Group executes all pending limit or stop orders at the first available market price for the corresponding position size.

Leverage and deposits

XM Group offers a standard for the industry flexible leverage of 30:1 and spreads on major currency pairs of as low as 1 pip. Traders can open a live account with as little as $5, or can practice on a demo account funded with $100 000 virtual currency. There are no upper limits on deposits and no fees on deposits or withdrawals.

Additionally, XM Group currently offers a $30 no-deposit bonus as well as the two-tier 50% and 20% deposit bonus. You can also participate in XM Groups loyalty program. Please bear in mind that Trading bonus and Loyalty program are not eligible for clients registered under Trading Point of Financial Instruments Ltd.

Moreover, you can receive other exclusive bonuses throughout the year either on a seasonal basis or by invitation. XM Group conducts regularly demo and Forex trading contests.

*Leverage applies to all EU regulated entities of the group. Leverage depends
on the financial instrument traded.

Spreads

Islamic accounts

Another distinctive feature adding to XMs already rich arsenal are Islamic accounts, which imply no swap or rollover on overnight positions, which is against the Islamic faith. These accounts bear the following features:

• No interest/swap charges on overnight positions
• No spread widening
• No up-front commissions
• No re-quotes, no hidden costs
• Leverage up to 30:1
• 100% real-time market execution
• Same trading conditions as for other trading account types
• Free and instant access to all trading platforms
• Client Account Manager

Unlike other brokers which substitute additional fees by widening the spread on Islamic accounts, XM Group follows no such policies. The company believes that transferring the interest charge in another form of fee, also known as Swap-fee in disguise, is still a charge that covers the interest and dishonors the beliefs of its Muslim clients. “XM Group is firmly against such practices as it opposes to fair and ethical trading conditions.”

Support

XM Group provides its clients with free market analysis from industry experts, including video tutorials, webinars and seminars, and supports the usage of Expert Advisors.

XMs multilingual customer support excels above its competitors, with every client being able to receive 24/5 dedicated support from their Client Account Manager. The brokers website is currently translated in 22 different languages.

Account Types and Payment Methods

XM Group accepts the most commonly used Multiple Local Payment methods including Credit/Debit Card, Neteller, Skrill, Bank Wire Transfer, etc.

Competitions

XM Competitions is a newly added social feature which allows both professional and novice traders to compete with each other by building a portfolio.

Traders can participate in real and demo competitions and receive various prizes. Traders can be on top of the leaderboard and build their trading profile.

Copy Trading

XM Copy Trading is another social feature which enables clients to follow other clients and automatically copy every their trade.

Clients can opt in to be an “Investor”, choose a strategy and decide how much to invest in. It is a great way for novice traders to get used to trading.

Eligible “Strategy Manager” can create their own strategies and patters. These can be shared with the community resulting in to 50% commission from the profits made through copying their strategies.