These accounts are swap-free, meaning traders are not charged or credited overnight interest. This makes the Islamic account suitable for traders who adhere to Islamic principles. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
- The broker also maintains a Help Center section covering common issues and platform guidance.
- This gives you a great opportunity to decide which account type is best for you.
- The XM MT5 platform offers all of the same powerful features that the XM MT4 has to offer, along with more trading tools and advanced capabilities.
- In the table below we’ve highlighted the main features of each account type and where it is available so that you can compare them with ease.
- They offer on-site seminars and during COVID-19 they also offer online seminars and promotions for members.
In addition to allowing you to customize the look of your charts, you can also set up over 50 different trading indicators and signals. Considering this, our XM review found this platform to be perfect for both xm group beginners and veterans. Answer questions about employment status, capital, trading aims, and trading experience. Strategy Managers can create up to 10 strategies and earn instant profit shares.
- Kindly reply to the “Find Reviewer” request we sent on Trustpilot so we can locate your account and assist you directly.XM Team 🚀BIG.
- To open an account with XM Group, you’ll need to provide proof of identity and proof of address.
- You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.
- This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd.
- The broker’s licenses from CySEC and ASIC place it among the more reputable firms in the sector.
- Review updates ensure that all the information we provide is current and correct.
Trading Signals
Dear Sibusiso,We appreciate you taking the time to share your experience with our withdrawal process. While we’re sorry that it wasn’t exactly what you expected, we’ll use your feedback to continue to improve our services.XM Team 🚀BIG. Quite an array of bonuses and special offers to take advantage of we have to agree.Before we finish this XM Group review we’ll take a quick look at the customer service. All information on The Forex Geek website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed.
XM Group was founded in 2009 and has since grown into a large globally established trading broker. 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. Yes, XM is suitable for beginners due to its user-friendly trading platforms, extensive educational resources, and responsive customer support.
Are there any fees for deposits or withdrawals at XM Group?
Our comparison table below highlights the spread differences between XM and Pepperstone, helping you choose the better option for your trading needs. These are available in 19 different languages and run at all hours of the day so that you can access education no matter which time zone you are in. Fill in personal details, including name, email address, country of residence, preferred language, and phone number. Our expert reviewers found that XM Group is highly compliant with regulations in many jurisdictions around the world.
It sets low minimum deposits, provides competitive trading conditions, and includes built-in risk protection, making it easy for traders to start trading and grow with confidence in global markets. MetaTrader 4 (MT4) is one of the most widely used forex trading platforms in the world. Its popularity stems from its user-friendly interface, reliable performance, and comprehensive tools for market analysis. XM Group offers both desktop and mobile versions of MT4, allowing traders to access their accounts from any device.
Read our XM Group Review and Learn More About a Forex Broker who Offers some Attractive Bonuses
Our research indicates that XM Group is a highly recommended choice for forex and CFD trading. With a high trust score of 88 and a solid overall recommendation, XM Group provides a reliable trading environment. These revenue streams allow us to remain financially independent of advertisers, enabling us to provide all services with maximum transparency. Among the financial service providers, there are fraudsters that we promptly report. Feedback and rankings from authoritative sites like “Trustpilot” on the TradingFinder website assist all traders.
Special Offers for Customers
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. Those of you with some experience will probably not find anything new here. In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading.
Don’t worry if you are not trading enough volume, you can still request the XM VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
Minimum Deposit
This means that you can enjoy trading all of your favourite strategies and preference of financial markets without any hassle. 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 provides traders with a secure and convenient way to manage their funds, offering a wide range of deposit and withdrawal methods to cater to clients worldwide.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Founded in 2009, XM Group has established itself as a prominent player in the forex and CFD trading industry. It is regulated by several major authorities, ensuring a secure trading environment.
The broker’s pricing model offers clarity and predictability, allowing both beginners and seasoned professionals to manage their trading costs effectively. XM ensures that traders can stay connected to the markets with its mobile trading applications, available for both iOS and Android devices. The mobile versions of MT4 and MT5 allow traders to execute trades, manage their accounts, and analyze market movements directly from their smartphones or tablets.
Whether trading forex, stocks, indices, or commodities, XM ensures that its platforms provide the tools necessary for a seamless and efficient trading experience. XM boasts competitive fees with low spreads and no maintenance or deposit/withdrawal charges. The broker’s transparent fees and varied account types offer flexibility to orders. While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, XM’s user-friendly fee structure and competitive spreads make it attractive to traders. Evaluating XM’s account types reveals a broker committed to providing flexibility and customization to its clients.
XM Group offers a range of platforms to cater to the diverse needs and preferences of its clients. By providing access to both industry-standard and proprietary platforms, XM ensures that traders can choose the tools that best suit their trading style and expertise level. This is a great way to get feedback from industry professionals who know what matters the most to traders. With a focus on transparency and user control, XM Copy Trading empowers investors to make well-informed decisions. The platform’s intuitive interface enables traders to monitor copied trades, adjust settings, and manage risk efficiently.