XM Group is a very popular broker with an excellent reputation, and it’s easy to see why from this review. With low costs, trusted regulation, great educational services, and attentive customer support, XM Group is a solid choice of broker for both new and experienced traders. To complete this XM Group broker review, our team downloaded both mobile apps and tested their security features.

On certain account types, spreads can start as low as 0.0 pips, particularly benefiting traders who employ strategies like scalping or high-frequency trading. MT4 allows traders to customize their experience with a variety of analytical tools, making it suitable for both beginners and experienced traders. The platform is available across multiple devices, including desktop, mobile, and web versions, ensuring accessibility and flexibility for traders on the go. With features such as one-click trading and customizable charting options, MT4 remains a popular choice for forex and CFD trading.

XM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop users. These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs). XM generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, XM charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. XM provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them.

IC Markets

Our independence from brokers and the companies we introduce, our commitment to maximum transparency, and our extensive experience in financial markets contribute to our ranking criteria. While XM Group doesn’t offer a proprietary copy trading platform, traders can use the MQL5 signal copy services to follow and copy successful traders. With XM Group Neteller, withdrawals are quick and easy, requiring just four steps. Start by logging into https://forex-review.net/xm-group-review/ your XM dashboard and selecting the correct trading account. While the process takes less than 5 minutes, funds may take 1 to 5 days to arrive.

If you are based in Australia or another country, you can enjoy a Standard demo account or an Ultra Low demo account. All demo accounts boast the same features as their real-money counterparts. This gives you a great opportunity to decide which account type is best for you. XM Group offers five different account types for you to choose from, depending on your country of residence. Our XM Group broker review team found that each account type is suitable for different budgets and trading aspirations.

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. It has an additional 1000 CFDs on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage. If you want as many trading instruments at your disposal, then you should probably opt for MT5.

Company and Service

MetaTrader 4 features various useful tools and functionalities to help you make savvy investments. These include technical indicators, robots, research tools, charting mechanisms, trading signals, economic calendar, and scalping options. MetaTrader 5 has all the same features as MetaTrader4, but includes a greater selection of technical indicators, graphical objects, timeframes, and other tools.

• These authorities enforce strict guidelines to ensure XM adheres to best practices in financial operations, safeguarding both client funds and sensitive data.
• With clear rules, automatic prize distribution, and detailed performance tracking, they provide both learning and excitement for verified traders seeking to sharpen their skills.
• By 1993, Windows 3.0 and its subsequent versions were selling at a rate of one million copies a month, and nearly 90% of the world’s PCs ran on a Microsoft operating system.
• From xm trading app, where I can trade anywhere and perform comfortable chart analysis, knowing its app.
• They are intended to protect clients and reflect that clients are opening an account with a trusted broker.
• When holding positions overnight, traders might incur swap rates, also known as overnight fees.

He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. XM Group is a trusted broker that offers an outstanding selection of high-quality educational content and market research. It supports a solid MetaTrader offering and has recently expanded its platform lineup to include TradingView, enhancing its appeal to chart-focused traders. This ensures traders cannot lose more than their deposited funds, even during periods of high volatility or unexpected market movements.

Forex Risk Disclaimer

XM spreads start from 0.6 pips for Standard and Micro accounts, while XM Ultra Low accounts offer spreads as low as 0.0 pips. XM provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to various trader needs and strategies. Check below the volume comparison table between Pepperstone and XM to help you assess which broker offers higher market activity. When evaluating XM against Eightcap, each broker brings unique advantages to the table. Our comparison tables below provide insights into their spreads, quotes, and trading volumes. XM does not charge fees for most withdrawal transactions, though external service providers may apply their charges.

Account Information

Overall, this broker provides access to over 1,400 tradable assets on its platforms. Arash Doostelahi is a dynamic content writer and online course creator based in Tehran, Iran, with expertise in content strategy, instructional design, and digital storytelling. XM’s support is available 24 hours a day, 5 days a week (Monday to Friday), ensuring global coverage for traders across all time zones.

Withdrawals at XM are handled efficiently, with requests processed through the Members Area. Verified traders can initiate withdrawals by selecting their preferred withdrawal method and specifying the amount. After logging into the XM Members Area, traders can navigate to the “Deposit Funds” section, select their preferred payment method, and complete the transaction. By participating in the PaybackFX program, you can earn cashback on every trade you make with your XM account.

• This account type is ideal for scalpers and high-frequency traders who require fast execution and precise market entry.
• To trade with XM Group, you can open a Micro or Standard account with 5 USD.
• XM Group offers access to a wide range of instruments, including forex, commodities, indices, shares, precious metals, energies, and cryptocurrencies.
• It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees.

Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy. XM offers robust and versatile trading platforms with MT4 and MT5, catering to traders of all levels. MT4 is ideal for those looking for a user-friendly platform with advanced analysis tools, while MT5 takes things further with enhanced features like hedging, netting, and an economic calendar. The broker’s website features a comprehensive library of educational articles that cover various aspects of trading.

Commodity Trading

These secure trading conditions make it stand out as one of the safest brokers on the market. For those looking to run their trading platforms 24/7, XM Group offers a Virtual Private Server (VPS). This service is particularly useful for traders who rely on automated trading systems or expert advisors (EAs) that need to operate without interruption. A VPS allows traders to keep their systems running smoothly without being dependent on their own internet connection.

We recommend that you follow the easy sign-up process to trade with this top-rated broker today. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). They support both MetaTrader 4 and 5, making them a highly recommended choice for mobile trading.

“Professional service”

Before deciding to trade in any kind of financial market or financial instruments, you should carefully consider your investment objectives. Participating in financial markets involves high risk, which can result in the loss of part or all of your investment. Yes, XM Group offers Islamic (swap-free) accounts designed to comply with Sharia law. These accounts do not incur swap or rollover interest on overnight positions. However, third-party payment providers (like banks or e-wallets) may impose charges outside XM’s control. Yes, XM Group provides negative balance protection for all retail clients.

XM Group provides a robust, fair, and fast trading environment, backed by global recognition and over 15 million satisfied clients. It commits to transparency and reliability, making it the go-to choice for traders seeking a trustworthy and efficient platform. Both MT platforms provide markets in over 1,000 instruments and, whichever you choose to trade, you will quickly come to realise why the MetaTrader dashboard is so highly regarded in the trading community.

XM Group offers a diverse range of trading account types designed to cater to the unique needs and preferences of its global client base. By providing multiple account options, XM account diversion ensures that traders can select the account that best aligns with their trading style, experience level, and financial objectives. You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. For traders who wish to experience XM’s trading platforms and conditions without risking real funds, XM offers a Demo Account with a virtual balance of $100,000.

As per regulatory requirements, XM Group is also subject to quarterly audits and must submit financial statements. Again, this shows that XM Group is honest and upfront about its operations. Our XM review also found that the broker charges a comparatively low inactivity fee of $5 a month. This is only charged if there is no activity on your account for 90 days, and you have a free balance of less than $5. The account opening process with XM is straightforward and user-friendly.