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XM Review Is XM a Good Broker? our Analysis

xm group review

You can follow the latest market happenings and discover potential trading opportunities based on technical and fundamental analysis across multiple asset classes. 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. XM Group has a vast range of educational materials within the research and education center. This includes daily market updates, economic events, tutorial videos, webinars, seminars and more. This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. I would always prefer to trade with a regulated broker as it gives me the peace of mind that my funds are safe.

  • XM Group is based in Australia, Belize, and Cyprus, with 450 employees who have experienced many years in the financial industry.
  • Established in 2009, XM Group has evolved to become one of the largest and most well-known investment organizations in the world, with over 3,500,000 global clients.
  • XM is available globally and has some of the lowest fees in the industry.
  • Traders interested in trading individual major market stocks should give XM serious consideration as a broker of choice.

Keep in mind that some assets may not be available on some platforms. Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021. At the same time, BZ company accepts European and Australian traders, so one can open a trading account there. As our review of XM Group found, you can sign up to this broker easily.

The Trustpilot Experience

The brokers primary video series is free to view and learn from for everyone interested in online trading, while access to the Intermediate video tutorials are only available for clients with an XM real account. I believe that XM Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. The trading model that they incorporate ensures that they are one of the best brokers that you can choose when it comes to favourable trading conditions, regardless of your previous experience or investment size. This combined with strong regulation and a human approach, makes XM Group one of the best trading brokers available to traders worldwide.

xm group review

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. Steven Hatzakis is the Global Director of Research for

XM Verdict

XM offers clients the opportunity to trade in more than 1,200 markets. That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade. Setting up an account at XM is easy and the minimum balance required to open an account is a super-low $5. Being subject to the rules and regulations of high-level regulators requires XM to follow a range of Know Your Client (KYC) protocols. They are intended to protect clients and reflect that clients are opening an account with a trusted broker.

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This lets you execute rapid trades without an internet connection to ensure you never miss out on the latest opportunities. XM Group gives you insightful training materials, access to MetaTrader 4 and 5, a free demo account loaded with 100,000 USD in virtual funds, and much more. Without its own proprietary dashboard to become adept with, users who are already familiar with MetaTrader can seamlessly transition to the standard trading interface. The web trader and desktop trading applications are all offered via MetaTrader (choose from either MT4 or MT5). BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money.

XM Live

In addition, there is the impressive XMTV and also a podcast offering. Given XM only offers the MetaTrader options as a trading platform, the iOS and Android mobile apps from XM are just white labels of the MT4 and MT5 apps that area available. Again though, with no dedicated in-house mobile app available, XM is behind the industry frontrunners in this area. In addition to all the features of the MT4 platform, the MT5 platform also offers different order types such as ‘Fill or Kill’ and ‘Immediate or Cancel’ as well as technical and fundamental analysis using over 79 analytical tools.

They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. Additionally, XM Group currently offers a $30 no-deposit bonus as well as the two-tier 50% and 20% deposit bonus. Please bear in mind that Trading bonus and Loyalty program are not eligible for clients registered under Trading Point of Financial Instruments Ltd. Clients are allowed a cost-effective and direct access to the global equity markets with no extra fees or commissions.

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XM Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. I think it is important to conduct some form of fundamental analysis, rather than relying solely on market analysis with technical indicators. I like to combine both of them along with price action patterns for a more in-depth insight into what the current market situation is.

  • XM Group does not accept clients from the United States of America, Canada, Israel and the Islamic Republic of Iran.
  • Traders can choose between stocks from over 600 companies as well as major global indices such as the NASDAQ and DAX.
  • The 80+ indicators can be applied to a charts which can be set to a wide range of time frames and the ‘last market price’ monitor allows clients to see into the heart of the market they are trading.
  • All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes.
  • It comes with $100,000 of demo funds that you can freely use for making test trades on the platform.

This makes it an ideal instrument for day traders who look for fast movements and choose CFDs as the easiest way to trade on oil prices. The intermediary that enables futures contracts to be negotiated is the futures exchange, or commodity, market. Investors worldwide can access about 50 major commodity markets, with precious metals such as gold, silver, platinum and palladium as the leading tradable assets due to their high economic value and durability.

Precious Metals CFDs

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). also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.

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