XM Group Review 2025 Trade forex and CFDs with top conditions
So yes, we can conclude XM is a good broker with good trading conditions and reputation since XM aims to provide one of the best user experiences in the industry to its clients. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. XM also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management. XM caters to new traders with features like low minimum deposits (starting at $5 for certain accounts) and demo accounts for risk-free practice. It includes Depth of Market (DOM) features and a built-in economic calendar.
Trading Instruments
- Their platform is efficient, and their educational resources are invaluable for improving trading strategies.
- On the one hand, fact that this company has been around for about 15 years is impressive.
- These points can be redeemed for trading credit, and they don’t expire.
- Overall our online XM review was conducted with the details obtained from the demo trading and the forex brokers website.
- At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools.
We raised test queries with the broker using Live Chat, telephone, and email. In all cases, the response times were in line with the market standard, and our issues were resolved in a more than reasonable timeframe. With regards to the forms, the information you will supply is to make sure that you can be identified by the broker; during this process, you will need to upload some proof of identification. This helps to ensure that your account is only accessible by yourself.
The same with when I actually open or close the trade, and it’s important for me. I know maybe it’s not optimal, but sometimes I am not at home and have to catch the moves from my phone, I can analyze and open trades carefully. In addition, we found numerous XM’s add-ones and additional tool allowing you to enjoy extra benefits that the platform offers with regular resrarch or tools. In addition, there are very well-organized tutorials, videos and tools at your disposal. In terms of research tools and Market materials, it is in good order at XM too. Along with News Feed, Technical Summaries and Technical Analysis, XM provides Fundamental Analysis and Trade Ideas suitable for beginning or advanced traders.
XM Account Types
The forex webinars are available 19 languages, 7 days a week with 65 webinar instructors. I think it is great for finding trading signals and can save you hours by automatically scanning the markets on your behalf. It is also a great solution if you don’t have the knowledge or experience to decide which way the market is moving.
Rollover Fee/Swap Rate
I think the platform is pretty dated though and you can’t trade ETFs. I’ve found XM’s customer support responsive, helpful, and professional. No matter the issue, they’ve always ensured I get the assistance I need, making trading with them a smoother experience. I’ve used their live chat a few times when I needed quick assistance. Once, I was having trouble understanding the differences between accounts, so I jumped on live chat.
Best Trading Brokers
To do this, one must provide the broker with documents verifying the identity of the account owner. The XM Group of companies holds licenses from leading regulators in various jurisdictions, including ASIC in Australia, CySEC in Cyprus, FSC in Belize, and DFSA. These licenses testify to the company’s strict compliance with international standards and regulatory requirements. Islamic AccountsIslamic swap-free accounts are available upon request for traders who follow Sharia law. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
Currency Conversion Fee
- Resources are available in multiple languages and cater to traders of all experience levels.
- Clients can access all the services necessary to support their trading.
- The comprehensive tutorials and webinars have helped me build confidence in my trading decisions.
- You can buy or sell instruments depending on the direction in which you think the price will move.
- For traders looking for diversity in their investment methods, XM’s wide range of tradable assets makes it a strong option overall.
- Yes, XM Group provides support in over 30 languages, ensuring an award-winning customer experience that caters to clients from around the world.
Which means there is a suitable solution whatever device or computer is being used. Take a look at their website and you’ll be given some very impressive figures. You’re no doubt wondering what it is about XM Group that has earned it such a reputation.
They comply with strict data protection regulations to safeguard your privacy. When choosing a terminal, note that stock CFDs cannot be traded on MetaTrader 4. However, it should be noted that XM reserves the right to require adequate justification to open such an account. This may include providing documents or other evidence confirming the client’s religious beliefs. XM is an international Forex and CFD broker regulated by reputable organizations such as ASIC (Australia), CySEC (Cyprus), and FSC (Belize).
XM’s deposit and withdrawal options are competitive compared to multi-regulated brokers such as IC Markets, Pepperstone, and FP Markets. This swap-free option is designed for traders adhering to Sharia law. It eliminates overnight interest charges, making it suitable for those seeking trading opportunities that align with Islamic finance principles. However, some users have complained about slow and unclear withdrawal processes, occasional platform issues during volatile markets, and xm forex review confusing bonus terms that might not be easy to use. These issues seem to affect certain regions more, especially in Africa and parts of Asia, where local banking systems, internet issues, and regulations might make things harder. Our overall experience trading on XM has been positive, with consistently fast execution on trades.