What is XM?
XM Group has evolved into a distinguished, multi-regulated broker recognized for its extensive online trading services. 💪🤖
As one of the largest brokerage firms in the world, it is celebrated for its dependability, clear trading practices, and outstanding customer service.
XM offers traders the opportunity to engage with global financial markets by providing competitive spreads, quick trade execution, and a variety of account types designed to meet different trading strategies.
With access to more than 1,400 assets, XM ensures that traders can seamlessly trade on popular platforms like MT4 and MT5, whether on desktops or mobile devices. 🚀
By equipping traders with cutting-edge tools and resources, XM fosters a trading environment that emphasizes transparency, reliability, and trust, making it an ideal choice for both novice and experienced traders alike.
Integrations
Company Facts
Product Details
Product Details
XM Categories and Features
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
They are pro at MetaTrader, but not everything else
Date: Jun 19 2024SummaryProbably the most full-fledged and comprehensive MT4/MT5 package I've seen. Using the platform for almost half a year, can say that no misquotes happened, and stop-losses are working fine for me during god candles, so thats what I'm most thankful for.
PositiveThey give you both MT4 and MT5, and also MT4/MT5 for Android, iOS and iPad, lots of features.
I trade with MT4 on the web, its like a separate instrument. Don't need to download anything, get all the functions.
No features missing even in web-trader, I feel. And I get to save all my charts for when I open it on another device.NegativeNo other platforms available, like cTrader etc
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Also cant connect your acc to TradingView, this feature is not available at the moment, at least when I triedOfficial XM Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Extra tools are great
Date: Jul 05 2024SummaryThey have standard MT4 that I'm used to, but they supply a huge amount of additional systems/tools for their traders that allowed me to take my trading to the next level.
Positive- Technical summaries are great to learn and to see which assets are doing what
- Trade ideas, same. They even show how "strong" the idea is, or how likely it is to succeedNegative- Not the biggest fan of the UI
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- Adding web-trader other than MT4 might be good.Official XM Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Good first impression
Date: Dec 10 2024SummaryOverall, I'm pleased with trading conditions and service from xm. This is a good choice for trading.
PositiveI like that they really care about traders, by on-time competent help from the customer support and also with trading competitions and affordable conditions.
NegativeThere are no 0spreads accounts that good for scalping trading.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Pros and cons
Date: Dec 08 2024SummaryBeen here since 2022, even in that time, they did couple massive upgrades. More for the newer traders than me, but still.
PositiveEasy payouts, good underlying systems (exec speed & no random requotes).
Quality customer care, especially on email I like how they reply.NegativeMostly people complain about the spreads, but that depends on the assets you trade, I go for currencies and metals more so, those work out fine.
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Competitions have become more strict I think. -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
XM review
Date: Nov 26 2024SummaryThere are many things I like about XM. It may have flaws, but they are not crucial. So I am here then.
PositiveI am a day trader here and I like the broker so far. Execution is very fast, this is what I need, imho.
NegativeSpreads get wider than I expect, but this is ok for volatile markets.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Objective
Date: Nov 25 2024SummaryOverall experience has been favorable. It's a well-known trading platform with advanced tools and I love it.
PositiveBroker has tons of advantages. For instance, I like variety of platforms, their XM app is functional.
NegativeThere are no concrete disadvantages, to be honest.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
All is good
Date: Jun 09 2024SummaryI have been trading with XM for more than two years and this itself shows my opinion about this platform. It serves me well, and I am willing to recommend them to anyone who wants my opinion.
PositiveLow trading costs.
Truly wide range of tradable instruments.
Excellent customer support.
Helpful market insights.
Stable trading terminal.NegativeI don’t have anything to point out as a drawback or suggest them to improve it.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
review it
Date: Dec 10 2024SummaryActually, I am not that sensitive to order execution and I know that mobile app is less responsive than desktop platform. It's just a note, other terms are ok
PositiveVariety of platforms, many assets classes, big leverage and top-notch client support are the most attractive things.
NegativeSometimes order execution isn't as accurate as I wish when I trade on the MT5 mobile app
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
I'm used to this platform and all the tools
Date: May 16 2024SummaryAs a rule, on Mondays I open desktop version of platform and after that I control all orders using mobile app.
It's convenient and it brings me profit.PositiveConvenient trading platform and its mobile application.
Favorable trading conditions for my trading style.
And I also need to say about reliability of this company.NegativeA long time ago, at the very beginning, it seemed difficult to trade on this broker's platform. But just a few weeks later, I felt confident.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Pros and shortcomings
Date: Jun 21 2024SummaryGenerally, my impressions are positive. The company is a renowned player in the game and I don't think there is anything bad about it, period.
PositiveDivision of accounts with various charatceristics is a highlight. One can find anything up to his taste and it's captivating.
Additionally, the possibility to get into copy trading is another positive aspect.NegativeThere isn't much to complain about, but I would say that fee for conneccting VPS is rather high.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Copy trading service
Date: Nov 22 2024SummaryAll in all, I’m delighted with my cooperation with the XM broker and probably I’m going to provide my strategies also.
PositiveI find it strange when nobody talks about the copy trading service. I have been using it for over 2 years and so far so good, it brings additional income to my pocket.
NegativeThe fees for using the copy trading could have been lower in my opinion.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
My opinion about XM
Date: Nov 19 2024SummaryMy overall experience is positive and I appreciate my trading with XM broker. I will stay here for for now
PositiveThey have a lot of different assets for trading and it allows me to hone my trading skills faster and more efficiently.
NegativeI have not had any problems here so far. so nothing to say
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Intermediate level
Date: Sep 04 2024SummarySo far so good with XM. I think it’s a good place until I become professional in this.
Until then XM ticks a lot of boxesPositive- multiple assert classes including different types of shares.
- adjustable, high leverage
- possibility to trade some instruments without swapsNegative- rather hassle verification
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- basic education for beginnersOfficial XM Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
EA trading
Date: Aug 31 2024SummaryI have been experimenting with algo trading and it’s been an exciting experience. XM is an excellent platform for it.
Positive- Trading with EAs is allowed
- The MetaTrader’s apps are included, which are the best for algo tradingNegativeA cent account for this purpose would be beneficial
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Ease of use
Date: Oct 23 2024SummaryOverall XM is a great platform that creates a marvelous trading environment and fair pricing. I trade using it every day.
PositiveXM has a great platform for users as trading and searching for assets and markets is done via a very intuitive interface no matter if the trader is a beginner or not.
NegativeA little complex when it comes to features and may take time to get familiar with, but once that is done, it is easy.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
All is good
Date: Oct 15 2024Summaryhave been trading with XM for more than a year and have never experienced any problems with withdrawals
PositiveSolid trading conditions, wide market range, and hassle-free withdrawals. All I need is provided :)
NegativeThey could expand the payment methods, maybe allowing crypto too
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
What I liked and disliked
Date: Dec 15 2024SummaryI am quite satisfied with my experience so far even though it's not very impressive. Decent broker in the end.
PositiveI liked they have MetaTrader software which is functional and advanced for me. Many instruments are available.
NegativeI didn't like they do not want to release app as a standalone desktop one. It would be a great option.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
XM helps to manage and operate within the financial market.
Date: May 04 2023SummaryIn general, I have loved using XM, mainly because I have felt very safe depositing my money within this platform, in addition, the various bonuses that they constantly give me make my account grow even more and I can trade within the financial markets with much more money and more lots within each trade. XM has very low withdrawal and deposit commissions and also has low commissions for each closed operation, in addition, all types of accounts within XM work perfectly, my favorite has been the Mini-Lot type account. I will continue to use XM to trade within the different markets safely.
PositiveXM is an exceptional Broker for the management of financial services, with the help of this platform you can have a complete connection between the capital you have and the capital you want to invest in the stock market. I love the way XM can double the money you deposit into it, they give you a bonus that allows you to double your deposit so you have more money to trade within the various currency pairs. I really like that XM allows you to totally change the number of lots you want for your account, also, XM allows you to withdraw and deposit money in a very short time, each withdrawal takes approximately 10 minutes to process to wallets like Skrill or Neteller, and it takes approximately 20 minutes for deposits to appear in your XM account. Another positive thing is that I love the Mini Lots system within XM, this system allows you to trade small amounts in one account without risking as much capital.
NegativeThe verification process is somewhat late within XM, when you send all your identity documents and residence documents, you must wait between 24 to 48 hours for these data to be processed correctly and you can use your XM account, this time is really quite extensive. Another negative thing is that XM has an almost zero support team, on several occasions I have tried to contact them but I have not been successful, they do not have live support and they take a long time to answer a request ticket.
Read More...Official XM Response