XM Global Review 2023 – Pros and Cons

UPDATED ON :

XM Group is a global online trading provider that offers clients the ability to trade forex, stocks, indices, commodities, and cryptocurrencies. The company was founded in 2009 and is based in Cyprus, but has offices and operations in multiple countries around the world.

XM Group is regulated by multiple financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (IFSC) of Belize. This ensures that clients can trust the company to operate in a transparent, fair, and secure manner.

The company offers a range of trading platforms, including MetaTrader 4 and MetaTrader 5, as well as mobile apps for iOS and Android devices. Clients can also access a wide range of educational resources and market analysis tools to help them make informed trading decisions.

XM Group is committed to providing excellent customer service and support to its clients, with a multilingual support team available 24/5 to assist with any queries or issues. Overall, XM Group has established itself as a reputable and reliable online trading provider for traders around the world.

XM Group

Brokers Name

XM Group

Regulation

CySEC, ASIC, FCA, IFSC

Established

2009

Headquarters

Belize

Trading Desk

Market Maker

USA Clients

No

24H Support

Yes

Weekend Support

No

Website Language

English, Malay, Chinese, Hungarian, Russian, Indonesian, French, Italian, German, Polish, Arabic, Spanish, Portuguese, Vietnamese, Thai

Account Details

Accounts

Min. Deposit

$5

Base Currencies

USD, EUR, GBP, JPY, CHF, ‎AUD, HUF, PLN, RUB, SGD, ZAR

Leverage

1:888

Spreads

From 1 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 20%

Trading Platform

MT4, MT5, XM WebTrader

Trading Instruments

Commodities, Energies, Stock CFDs, Forex, Indices, Metals

Pros

  • XM Group is regulated by multiple financial authorities.
  • XM Group offers a range of trading instruments.
  • Multiple choice of trading platforms.
  • Wide range of educational resources.
  • Multilingual support team available 24/5.

Cons

  • Limited product offering.
  • Limited trading platforms.
  • Limited customer support hours.
  • Inactivity fees.
  • Limited leverage options.

Trading Features

Commission

Yes

Mini Accounts

Yes

Standard Accounts

Yes

VIP Accounts

No

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

No

Managed Accounts

No

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

No

Trading Signals

No

Educational Service

Yes

Copy Trading

No

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

No

Crypto

Funding

Deposit

Bank Transfer, e-wallets, and crypto wallets

Withdrawal

Bank Transfer, e-wallets, and crypto wallets

Contacts

Phone

+501 223-6696

Email

support@xm.com

Address

Suite 404, The Matalon, Coney Drive, Belize City, Belize

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