|Platforms||MT4, MT5, Mac, Web Trader, Tablet & Mobile apps|
|Account Types||Demo account, Micro account, Mini account|
|Account Currency||USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR|
|Customer Support||Live chat, Phone support, Email support|
Since it was established in early 2009, the XM Group has managed to grow into one of the most well-established and largest investment companies in the world. This is part thanks to its more than 1.5 million clients from across the globe. Situated in London, United Kingdom, the XM Group offers superior support in over 30 different languages and aims to execute 99.35% of all trading orders in less than a second along with no rejections and no re-quotes.
The company impresses with clients from over 190 different countries and provides a wide range of services, including energies, precious metals, equity indices, CFD’s, and currency trading. The site also comes equipped with more than 25 trusted and reliable payment methods that traders can utilise across 16 different trading platforms. What’s even more impressive about the XM Group is that it only requires a minimum deposit of $5 to start trading. This makes it ideal for beginners who don’t want to risk too much of their hard-earned money.
The XM Group offers a flexible 1:30 leverage which is quite unique in the financial trading industry. The site provides over 100 financial instruments and more than 60 currency pairs that can be traded online orvia mobile devices. The XM Group also comes with fantastic 24/7 customer support, a truly sophisticated user-interface, and a $30 no deposit bonus with tight spreads from 0 Pip.
Licensing and Regulation
The XM Group is a regulated online broker which forms part of the Trading Point of Financial Instruments Limited organisation. Established in 2009, the XM Group is regulated and licensed by the Cyprus Securities and Exchange Commission. The Trading Point of Financial Instruments was initially formed in 2015 and is licensed and regulated by the Australian Securities and Investments Commission. The Trading Point of Financial Instruments is the United Kingdom, which was formed in 2016, is licensed and regulated by the Financial Conduct Authority.
This exceptional range of licensing allows the company to accept traders from around the world. However, the company does not accept traders from the United States. The XM Group is required to maintain segregated accounts when it comes to clients funds as it needs to be separate from the daily operational accounts by the broker. Every 24 hours, an audit is processed on all client accounts to make sure there is enough liquidity within the trading organisation.
The XM Group not only provides a desktop interface that traders can utilise to trade but also extraordinary, dedicated mobile apps for both iOS and Android devices. The XM Group mobile apps can be downloaded directly from the Google Play Store or Apple’s App Store, offering all the features and trading functionality of its desktop counterpart. The mobile trading interface of the XM Group is modern, uncluttered, and filled with innovative features to make trading on the go an absolute breeze. The mobile apps were designed by the MetaQuotes Software Company, allowing traders to utilise both the MT4 and MT5 platforms on the move.
Brand & Functionality
The XM Group has been around for several years, providing multiple reasons why you should trade with this financial trading company. The site only requires a minimum deposit of $5 to start trading and offer numerous deposit and withdrawal options that are all secure, safe, and fast. Those that are concerned with regulation and safety can rest assured as the XM Group is licensed and regulated by several elite jurisdictions while catering to both beginner and expert traders. The overall functionality of the brand is truly exceptional, providing eight advanced trading platforms along with plenty of trading instruments, both on desktop and mobile devices. The overall layout of the site is well-designed and gives you the ability to customise the colour scheme of the site. This can be in either black or white, and users can stay up-to-date with news, trade alerts, and more.
The XM Group offers two accounts on the homepage. The first is a demo account with a virtual balance of $100,000 to get familiar with the site before making a deposit. The second is a Live Account where newly registered traders can look forward to a $30 no deposit bonus. Registering a Live Account is extremely easy, taking approximately 2 minutes of your valuable time. You will need to provide your personal and trading account details, such as your trading platform type and one of four account types, including Standard, Micro, XM Ultra Low Micro, and XM Ultra Low Standard.
The second step of the registration process will require your physical address details. It requires trading account details such as account bonus, account base currency, and leverage, along with investor information, including level of education, total estimated income, estimated net worth, and employment status. You will also need to answer a few trading questions and create your own unique password before the registration process is completed.
The XM Group offers one of the lowest minimum deposit requirements of only $5 along with the highest leverages of 1:500. There are several ways in which you can fund your account at the XM Group as they offer one of the most extensive selections of deposit methods on the market. The company accepts all major debit and credit cards, including Union Pay and Diners Club, as well as numerous bank transfer options. You can even deposit funds on your account with MoneyGram or Western Union if you are limited by the number of deposit methods available to you in your country.
The educational content at the XM Group primarily focuses on instruction videos. The extensive library on how-to videos will assist newcomers on how to start trading thanks to several webinars and seminars in more than 18 different languages immediately. The site also offers an analysis and research section along with a daily market preview, special reports, cryptocurrency analysis, and Forex previews. Apart from this, traders can also look forward to free daily technical analysis, daily forex market outlook, daily access to forex trading signals, and free access to forex market research.
Trade execution at the XM Group is taken extremely seriously. The company strives to offer the speed and ease at which clients enter the market while offering the best available prices in the market. The company disagrees with any methods or software that undermines the execution of quality by rejecting or re-quoting orders from clients. As an ex-interbank dealer, the XM Group is well aware that inferior execution can transform a profitable trading approach into a losing one. Therefore, the company always strives to offer the best execution possible.
Withdrawal requests will only be processed one your account has been verified. We highly recommend that you provide all the necessary documents during the registration process to ensure there are no delays when a withdrawal needs to be processed. All withdrawals are processed within 24 hours and traders can utilise a wide range of payment methods to receive their funds in the quickest way possible.
The support team at the XM Group will easily live up to all expectations. The support team offers superior support in over 20 different languages and cater to traders in more than 190 countries. The live chat facility and telephone support are available 24 hours a day, 5 days of the week. Support via email is available around the clock and has a turnaround time of 48 hours. There’s even an innovative FAQ section where you will find an extensive list of questions and answers if you don’t feel like contacting support directly.
The XM Group offers both MT5 and MT4 trading platforms which can be accessed on both desktop and mobile devices, catering to traders of all requirements and levels. There are trading platforms that can be utilised at the XM Group include the XM MT4 Terminal. It is considered an industry-leading platform perfectly suited for novice and expert traders. There’s also the XM MT5 Terminal that can display 100 charts at the same time and features more than 1,000 assets.
In addition, you will find an XM Mac Mt4 and MT5 platform that has been specifically designed for mac users. This mac-specific platform includes all the functionality and features mentioned above but works perfectly on Apple computers without having to use a Windows interface. There’s also an XM MT4 Multiterminal that has been designed for traders and money managers who utilise multiple accounts or execute multiple order types at the same time.
The XM Group also offers an innovative XM WebTrader platform that is compatible with Mac, Windows, and mobile devices through a web browser. This means that no download is required to access the trading platform while still having all the necessary features of the download version. Apart from these trading platforms, traders can also utilise the iPad Trader. It is specifically designed for Apple tablets, and those with iOS devices can access the XM iPhone Trader. The XM Droid Trader is designed for Android devices and the XM Mobile Trader for Windows Mobile devices.