I have had an account with them for many years and they’ve never let me down. Most of XM’s account types offercommission-free trading, with the broker earning revenue from the spread. Theexception is the XM Zero Account, where a commission is charged in exchange forultra-tight spreads. This model benefits high-volume traders who prioritize lowtrading costs. Registering for a trading account with XM Group is a simple process, which you can complete from either mobile or desktop. The minimum deposit amount is accessible for all types of trader, and our XM Group review team were happy to find that the broker doesn’t require any unexpected documentation.
Explore Our Traders’ Favourites
Overall, XM’s account offerings exhibit versatility and inclusivity, catering to a wide range of traders’ preferences and needs. We pioneered the strict no requotes, no rejections policy that established our reputation. To prevent slippage and keep your strategy aligned with real-time market prices, 99% of all trades are executed in less than one second. Enjoy low fees, exceptional conditions, and super-fast order execution. Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old.
XM may charge an inactivity fee if your trading account remains dormant for a specified period (more than 90 days). This fee encourages active trading and helps cover administrative expenses. Every client, regardless of account size, gets access to the same excellent trading conditions. Everyone who chooses XM has the same opportunity to pursue their investment goals. XM Group has over 450 employees with customer service in over 30 languages available 24/5.
- Holding positions overnight with XM incurs swap fees (also known as rollover or financing costs).
- He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
- Considering this, our XM review found this platform to be perfect for both beginners and veterans.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. 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. The XM profile on FxVerify offers a concise summary of the broker’s key attributes.
Regulation: Multiple Licences Globally
Fill in personal details, including name, email address, country of residence, preferred language, and phone number. Equity indices come with a minimum spread of 0.6 and a maximum of 18 pips depending on the asset itself. Read our full explanation and accounting of our research and testing process to learn more about how we test. Nobody does more to provide you with what you need to maximise your trading potential. Stay informed with daily market updates and analysis from the XM Market Intelligence Team.
A Transparent Fee Structure
With over 1,400 instrumentsavailable, XM ensures that traders have flexibility in their tradingstrategies. Both platforms are available acrossdesktop, web, and mobile devices, ensuring that traders can stay connected andexecute trades seamlessly, no matter where they are. In addition, XM offers itsown XM App, providing traders with acustom-built mobile solution for quick access to the markets. Between 74-89% of retail investor accounts lose money when trading CFDs.
In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. XM Group supports funding through bank wires, Neteller, credit cards, and Skrill. These are available in 19 different languages and run at all hours of the day so that you can access education no matter which time zone you are in.
- XM Group has over 450 employees with customer service in over 30 languages available 24/5.
- Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading.
- XM offers competitive spreads on forex, low trading fees for CFDs, and low non-trading fees.
- Launched in 2009, XM Group is a great choice for all types of traders as it offers a wide range of instruments, extensive research tools, and five different account types.
The broker also runs a loyalty program where active traders can earnpoints that can be redeemed for rewards. XM is committed to delivering top-notchcustomer service, providing clients with multiple channels to get assistancequickly and effectively. With support available in over 30 languages, tradersfrom across the globe can access help in their preferred language. Traders can also access a variety ofcommodities, including precious metals like gold and silver, as well as energyproducts like crude oil and natural gas. These instruments provideopportunities to trade based on global economic and geopolitical developments. XM Group has 5 licenses from some of the world’s top financial institutions, 11 years of experience in the market, and dozens of industry awards.
There aren’t many brokers who offer Autochartist to you, although GO Markets do. I like how they have a best execution policy to provide the most favourable trading conditions to traders. Collaboration with a range of liquidity providers mean that they can offer some of the lowest spreads with plenty of liquidity at all times. For those new to trading or wishing totest XM’s platform, the Demo Account offers a risk-free environment withvirtual funds. It allows traders to practice strategies and explore theplatform’s features before committing real capital.
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XM offers free webinars presented by highly skilled forex professionals who joined forces under the guidance of the Guru to provide free interactive webinars available for anyone on the globe. You demand the best trading experience; our awards reflect our desire to provide it. Trade with a regulated broker that has built long-standing partnerships with reputable banks to ensure your funds are always secure. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com.
Accounts can be opened in a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I know that I don’t always want to wait for days for my funds to clear, especially if there is some major market news that I need to act quickly on to try and take advantage of it. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. 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.
For forex trades, the rollover fee depends on what kind of position is being taken (i.e. long or short) and the difference of rates between the currencies within the pair. With stocks and stock indices, the fee depends on whether a long or short position has been taken. Futures products, which have an inherent expiry date, are not subject to overnight charges. A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage.
Additionally, support is available in over 30languages, making it easy for traders worldwide to get help in their preferredlanguage. XM provides access to over 1,400financial instruments, including forex, commodities, indices, shares, metals,energies, and cryptocurrencies. Traders can diversify their portfolios acrossvarious markets and asset classes.
Traders can have confidence knowing that their investments are protected and that they are trading with a broker that operates under the supervision of respected regulatory bodies. For all of our broker reviews, we research, validate, analyse and compare what xm group we deem to be the most important factors to consider when choosing a broker. XM Group have a variety of fast and convenient deposit and withdrawal options. Providing options such as Skrill allows for faster transfers to and from trading accounts.
Our experts were happy to find this information is readily available, as it shows that the company is transparent. 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. In this review, you can find all the information you need to decide whether XM Group is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders.
XM Group commissions and fees summary
With its user-friendly platform, diverse tradable assets, and commitment to education, XM stands out as a broker of choice. Whether you’re a beginner or an experienced trader, XM Group offers a range of account types to suit your needs and preferences. Eligible clients can get access to a Free VPS (Virtual Private Server) service, which is really handy if you rely on automated trading strategies (EAs) or need your platform running constantly. It is absolutely essential to read and fully understand these T&Cs on the official XM website before opting into any promotion. This is a great way to get feedback from industry professionals who know what matters the most to traders.