Your funds are stored in separate accounts at top-tier financial institutions and are inaccessible to the company for anything other than your requested trades. This policy, paired with comprehensive investor insurance, means that if the broker was to become insolvent, your capital would be completely secure. Our reviewers of XM Group were pleased to find that the broker offers investment protection to the majority of clients. As XM Group operates under several trading names with different regulators, however, the protection offered changes depending on which arm of XM you decide to trade with. Clients can also earn a commission of up to $35 for spreading word of mouth.

For example, if you have not used a credit card or a crypto account for deposits, you do not need to create one for withdrawals. xm group You can proceed with the next available method in your withdrawal options, which could be an e-wallet or bank transfer, depending on your previous deposit methods and XM’s policies for your region. It simply promotes the VPS service (shareable) and the 0% Fees on deposits and withdrawals.

In the “Title” line, you should indicate the client’s title depending on the gender – Mr. or Ms. In the account information, you immediately specify the suitable trading platform and type of account. The broker’s professional approach to addressing client concerns and facilitating smooth deposit and withdrawal processes further solidifies its credibility. XM provides various high-quality and enjoyable educational content aimed at beginner traders to help them build their trading knowledge and skills.

• On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
• XM Zero Account holders are charged a commission fee of $3.50 per standard lot, which amounts to $7 for a round-turn per $100,000 traded.
• These contests allow novices and experienced traders to test their skills, compete with others, and win valuable prizes.

What’s more, there are no commission fees on credit card/e-wallet deposits or withdrawals – traders get exactly what they ask. Speaking of making deposits, XM offers some of the most sophisticated financial platforms to its users. The broker makes sure that its clients can make deposits via any platform of their liking. In the trading world, brokers like XM, have different minimum deposit requirements based on the target audience they are trying to attract.

Trading History

These include a variety of bonuses and incentives tied to holidays, educational events, and seminars. However, the payments we receive can influence the products, companies, or services we highlight and evaluate. This means not every available option may be featured on this page. We reached out through both the chat service and WhatsApp multiple times, and each time received responses within a minute. XM has received various awards over the years from different organizations, reinforcing its reputation as a notable broker in the financial industry. XM also offers XM TV, podcasts and news feeds from Reuters, an Economic Calendar, along with YouTube Shorts and daily technical stories.

• The Standard account allows you to operate with standard lots and it also has a minimum initial deposit of $5.
• With Autochartist, XM traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs.
• Renowned for its secure trading environment, XM ensures industry-standard protections like segregated accounts, negative balance protection, and investor compensation schemes.
• XM offers 55 currency pairs, spanning major, minor, and exotic pairs.

Platform tutorial videos

We strongly suggest you complete your homework before proceeding with it. A client from Kenya even reviewed its rating from 1 to 5 stars on FPA after getting his dispute resolved with the broker. Anyhow, the company holds a rating of 3.092 out of 5 stars after 669 reviews. While some clients believe the company is legitimate, others denounce it for withholding clients’ funds and unjustified account closures. The broker processes all payments within 24 hours, excluding bank transfers. Depending on your bank’s jurisdiction, it can take between 3 to 5 business days for wire transfers to reach your account.

XM broker customer support

This review of XM Group found that the broker offers a plethora of educational content, including webinars and video tutorials. The broker also outstrips competitors in this category, thanks to its unique XM Live feature. XM Live gives you to access live training sessions and personalized help, which you are sure to find useful no matter where you are in your trading career. With a standard account, you won’t be charged any commissions when you trade with XM Group. Commission fees are, however, applied to both Zero Accounts and Shares Accounts.

The group first started its operations in 2009 and has catered to millions of clients across the world. The XM website is run by ‘XM Global’ which is a company registered in Belize and licensed by the IFSC. The XM Group companies are regulated by reputable financial authorities such as the ASIC (Australia), CySEC (Cyprus), and DFSA (UAE). Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Stocks, currency and other commodities and instruments will be brought or sold by XM even if no buyer or seller is lined up.

Essential Stock Chart Patterns to save your stock trades

Whether it’s Stock CFDs, Forex, or CFDs on Energies, it offers an extensive range of instruments, assuring an immersive trading experience. The MT platforms are convenient to use and offer proper functionality for traders.It should be noted that XM does not offer its own proprietary trading platform. XM is a variable spread broker, and they only charge spread with 3 Forex Trading accounts. In addition to being regulated by multiple reputed financial authorities, XM also maintains safe practices such as segregation of funds and also offers negative balance protection. As a new client of XM, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with XM in your region.

Most traders will never use their broker’s customer support service beyond the occasional query for clarification of the trading terms offered. Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully. My conclusion regarding XM’s offering of tradable assets is favorable, with a wide range of asset classes that should satisfy most traders. The offering is especially impressive concerning global equities, with a large amount (over 1,300) on the menu. I conclude there is a sufficiently wide range here for traders who are not particularly interested in individual stocks and shares but want to achieve reasonable diversification across major markets. XM also supports traders in over 190 countries worldwide through 24/7 multilingual customer service, live chat, email, phone, and personal account managers across more than 30 languages.

XM uses advanced security protocols, including Secure Socket Layer (SSL) encryption, to protect all client information and financial transactions. Additionally, client funds are held in segregated accounts, ensuring that clients’ money is kept separate from the broker’s operational funds. XM’s adherence to these regulations, alongside its robust security measures, gives traders peace of mind, knowing that they are trading in a transparent and secure environment.

There is no better market commentary available than what you’ll see on XM TV regarding various financial issues. The minimum deposit to open an account with the broker is $5, and the broker doesn’t charge any fee on deposits. Since third-party payments are not accepted, you must fund your account using the payment source that matches your name.