Business Spotlight

Experts Explain Why XM Is On The List Of The Best Forex Brokers

Traders Union financial experts published XM Forex broker review, and told basic facts about the company (trading conditions, history of creation, availability of legal documents, etc.). To evaluate the financial partner, a unique proprietary methodology was used.

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Why XM Is On The List Of The Best Forex Brokers
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The verification was carried out according to 100+ criteria. XM Group received a score of 9.22 out of 10, ranking ninth in the rating of brokerage organizations. In addition, experts visit XM and personally tested the platform. They wrote a step-by-step guide for opening an account and making first profit.

Brokerage organization profile

From the XM Forex broker review you will learn that this company has been providing services for more than 10 years (it was founded in 2009). The broker currently provides services in 190 countries with more than 5 million registered accounts. In reviews, users note that trading here is distinguished by the maximum level of safety and comfort. The organization offers unique technological solutions, thanks to which it was possible to achieve instant execution of transactions, a minimum of requotes and slippages. XM Group has received several prestigious awards. For example the company has been recognized as the best FX service provider, the fastest growing broker, etc. XM is committed to improving the quality service to meet the demands of modern traders.

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The XM Forex broker review also states that the company operates officially. Its activities are regulated by several well-known authorities:

  • ASIC;
  • DFSA;
  • FSC;
  • CySEC.

Before registering on the platform, you need to read the internal documents. The broker spoke in detail about the peculiarities of the work, the rights and responsibilities of traders. Visit XM to learn the basic rules and trade hassle-free.

Trading opportunities

The XM Forex broker review indicates the main features of a commercial offer so that potential clients can make reasoned decisions:

  • demo account and free training (for example webinars);
  • focus on active trading (there are no opportunities for copy trading, PAMM and MAM investing);
  • referral program, which provides generous payments for partners (rewards are paid one-time);
  • minimum deposit is $5. Such conditions are provided for all tariff plans: XM Ultra Low Micro, XM Ultra Low Standard, XM Zero;
  • leverage meets the requirements of European regulators (maximum up to 1:30);
  • tight spreads. For XM Zero there is only a fixed commission per lot, and for other accounts spreads start from 0.6 pips for the EURUSD;
  • the list of assets includes not only currencies, but also energies, metals, indices, commodities and shares;
  • there are no commission costs when replenishing the balance and withdrawing funds;
  • 16 trading platforms to choose from (desktop, browser, mobile versions);
  • high speed of transaction execution.

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Why is it profitable to work with XM?

iIt is beneficial to cooperate with XM for those who prefer comfortable and safe trading. The company does not offer services for passive investing. It is focused on active trading in a wide range of assets. This allows traders to diversify their investment portfolio.

Traders Union experts recommend novice traders pay attention to XM’s free training, demo account and low entry threshold, regardless of the chosen tariff plan. According to XM Forex broker review, this company is a market maker and has direct access to liquidity providers. Thanks to this, you can count on the best quotes and virtually no slippage, regardless of the market situation.

To find out more facts about the company, visit XM or read the full review on the Traders Union website. The experts tried to provide maximum information for potential clients of this brokerage organization.

TU financial experts' opinion

TU experts recommend visit XM to both professionals and beginners. The company follows a customer-oriented policy and is equally loyal to all traders, regardless of their level of qualifications, knowledge, and experience. Clients of this broker can count on loyal commissions, prompt execution of transactions, and a wide list of assets. Analysts noted that XM Group works officially. The company is registered and authorized by several regulators. This list includes FSC (Belize), CySEC (Cyprus), DFSA (UAE), ASIC (Australia).

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Beginners who are just starting their trading journey can consider registering on the platform. The XM Forex broker review states that the company offers comfortable trading on financial markets, the minimum deposit is 5 USD. You can gradually increase your experience and trading volume. Experts also note that XM Group provides access to cent accounts. Considering that the lot size is 1000 units, beginners will be able to start trading with XM as comfortably as possible.

Another advantage of this broker, according to Traders Union experts, is the variety of tariff plans on the platform. The trader can choose the best option for himself. However, in any case, the broker guarantees:

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  • instant execution of orders;
  • minimal slippage;
  • virtually a complete absence of requotes.

The platform offers margin trading with flexible leverage. Its levels comply with the requirements of European legislation (no more than 1:30). XM also ensures tight market spreads, ensuring profitable and seamless trading. TU experts believe that this company deserves to be in the top-20 brokers in the world.

Commercial offer: commission policy, useful resources, affiliate program

Professional brokerage service is one of the main advantages of XM Group. Traders Union analysts note that this broker focuses on active users who are looking for a financial partner for trading. There are no opportunities for passive income. However, the company has provided several useful resources and services that may be of interest to customers. The XM Forex broker review on the Traders Union website describes in detail each of the company’s useful resources.

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MQL5 for copying signals

XM Group does not have its own platform for copying signals, but the company has provided access to the MQL5 community. Traders Union experts note that for 1 month, the broker’s clients can use signals for free and trade more efficiently. Subsequently, you will need to pay for the subscription yourself. According to financial analysts, traders can also independently participate in the development of algorithms on the XM platform and create effective advisors.

Features of copying signals in MQL5:

  • there are possibilities for copying signals both manually and automatically;
  • you can combine algorithmic trading and signals (for this purpose, it is possible to create advisors based on MQL5);
  • there is a free subscription to only one signal provider;
  • free subscription is limited to 1 month.

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Large investors can contact Traders Union experts for advice regarding trading on the XM Group platform. To do this, you can use email or the feedback form.

Affiliate program: basic conditions, features

The XM platform has a referral program with generous payouts for attracting new customers. There is only one payment model - for each invitee it is provided from 450 to 600 dollars. Affiliate program features:

  • remuneration is paid one-time;
  • payments are made once a week;
  • functional personal account (here you can track conversions, statistics, etc.);
  • marketing support at the highest level - the broker provides 20+ types of banners in various languages, ready-made websites, landing pages advertising XM.

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The review on the Traders Union website describes in detail what the XM affiliate program is. If you want to know even more information, visit XM and talk to the company's staff.

Commissions on the XM platform

XM Group has a loyal commission policy that will be comfortable for both professionals and beginners. There are no hidden fees, but there are additional fees with XM Zero. Users should note that the broker charges a conversion fee.

Features of the commission policy:

  • XM Zero - 3.5 USD
  • XM Ultra Low Micro – from 6 USD
  • XM Ultra Low Standard - – from 6 USD

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Traders Union experts note that the broker has a loyal commission policy, no hidden fees and commissions for depositing/withdrawing money. Among the features, you need to take into account the presence of a floating swap, which may change depending on the situation on the international foreign exchange market.

Analysts compared commissions for the EUR/USD currency pair on the XM platform and those of its competitors – RoboForex, Pocket Option. The check showed the following:

  • XM Group - from 6 USD (high level)
  • RoboForex – from 1 USD (low level)
  • Pocket Option – from 2.5 USD (mid-level)

Detailed XM review

XM Group has been providing services for 10 years and is a well-known company in European countries. The brokerage organization offers access to advanced technologies and an innovative base. Thanks to this, XM provides high execution speed, complete absence of requotes, minimal slippage, etc.

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Traders Union experts note that XM Group makes transactions directly through liquidity providers or through ECN. Order execution takes less than 1 second (90% of cases). Users are guaranteed no hidden commissions, competitive market spreads within 0.6-1 points.

According to Traders Union experts, XM Group is a reliable company that offers comfortable conditions for active users. The main priorities are a high level of service, qualified support and access to advanced technologies. The platform offers a wide range of trading instruments - more than 1000+ assets to choose from. Traders have access to transactions with both classic instruments (for example, currency pairs), as well as cotton, palladium, and CFDs on shares. To create a diversified portfolio, users can use correlation trading systems and reduce possible risks.

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Features of trading with XM Broker

TU analysts not only collected basic facts about the XM broker, but also indicated in the review the main pros and cons of cooperation with this company. This will allow users who read the article to make reasoned decisions. Experts write that for more than 10 years of providing brokerage services, XM Group has gained a good reputation.

Main advantages:

  • work within the framework of international legislation, availability of licenses from a reputable regulator;
  • innovative technological base, which makes XM Group popular among traders;
  • positive reviews about cooperation with the company (you can read reviews on the Traders Union website);
  • creation of a diversified investment portfolio;
  • comfortable trading with a wide list of assets;
  • execution of orders through liquidity providers or ECN, which ensures an almost complete absence of slippage and requotes;
  • analysis of financial markets, free training (webinars are held regularly) and trading signals;
  • several trading platforms;
  • negative balance protection.

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XM Group is a brokerage organization for active traders. The platform does not provide PAMM investing, classic investment programs, or copy trading (as an alternative, the company offers the use of MQL5 signals).

From a comprehensive review prepared by Traders Union experts, you can also learn the results of a comparison of trading conditions on the XM Group platform and those of its main competitors.

Step-by-step guide for beginners

Traders Union experts spoke in detail about the features of trading accounts on the XM platform:

  • XM Zero – commission is 3.5 USD per lot (fixed payment), spreads from zero pips, 1 lot on a standard ECN account – 100,000 units)
  • XM Ultra Low Micro – spreads start from 0.6 points, the minimum trading volume is 0.1 lot;
  • XM Ultra Low Standard – spreads from 0.6 points, minimum trading volume – 0.01 lot.

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If you want to test the XM platform without risks, you can first open a demo and then a real trading account. The broker provides the opportunity to practice without risks.

Useful resources and services

To improve trading efficiency, the brokerage organization has provided several useful services and resources. Traders can use the following tools:

economic calendar. This resource is necessary for tracking major events in the world that may affect the value of assets. To get more specifics, traders can use filters (by news importance, region, etc.);

technical indicators for universal terminals MT5/MT4;

universal calculator for calculating long and short swaps, point value, margin;

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Profit and loss calculator. This tool helps calculate the potential profitability (or vice versa, loss) when stop losses and take profits are triggered.

XM Training

XM Broker takes care of training beginners and increasing the skill level for already experienced users. TU analysts described in detail what the company’s clients can expect. In particular, the broker has provided a separate section on its official website dedicated to a training video. Features of use and functionality of trading platforms are described here. In addition, the company periodically invites traders to educational webinars and seminars. The company's experts tell the secrets of fundamental and technical analysis, the algorithm for developing trading advisors, etc. You can find more detailed information about the variety of educational materials in the “Analysis and Training” section on the XM platform.

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Traders Union experts noted that the only thing missing is a glossary and a text description of the indicators. Otherwise, all the necessary information is there:

  • review of financial markets;
  • trading strategies;
  • investment strategies;
  • trading signals;
  • training videos and webinars;
  • instructions for using trading platforms.

XM's training will help users improve trading efficiency, increase the chances of successful transactions and good earnings.

Security on the platform

XM is aimed at long-term cooperation with traders, so it took care of obtaining licenses from reputable regulators. In particular, obtaining CySEC approval means that the broker provides services within the framework of the MiFID directive and European legislation. User funds are stored separately from the broker's operational accounts. This guarantees the safety of capital.

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Advantages:

  • protection against negative balance;
  • storing funds in segregated accounts in the best banks;
  • protection of your personal account from unauthorized access;

Flaws:

  • it is irrational for investors with small capital to turn to supervisory authorities to resolve disputes.

Deposit/withdrawal of funds, commissions

The brokerage organization has provided several payment methods. To deposit/withdraw funds, you can use bank transfer, debit/credit cards, Skrill, or Neteller. You can visit XM and learn more about the available payment methods.

24 hours are allowed to process the request. Withdrawals may take up to 5 business days (it all depends on the chosen payment method). Analysts note that the same currency should be used when depositing and withdrawing funds. Otherwise, you will have to pay a conversion fee.

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XM Group does not charge a commission for replenishing a deposit account and withdrawing funds, however, Traders Union experts note that banks can introduce commissions for depositing/withdrawing funds (if the amount is 200 USD or more).

XM support

The XM brokerage organization provides 24/7 support. Support works only on weekdays, not on holidays or weekends.

Peculiarities:

several communication channels: online chat, social networks, telephone, etc.;

support in 30 languages;

Support is not provided on holidays, Saturdays and Sundays.

Answers to frequently asked questions can also be found in the FAQs section of the XM Group website.

Contact details:

  • Website: www.xm.com
  • Email: support@xm.com
  • Phones: +501 22-366-96 (BZ), +612 86-078-385 (AU), +357 25-029-933 (CY)

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Personal account overview

Traders Union experts note that you should start trading with a demo or real account. Visit XM and find the best option for you. If you want to test the functionality without risk, start trading with a demo account. The broker provides 100,000 virtual dollars for trading. Analysts say that when trading on a demo account, the user only gets access to the trading platform. If you register a real account, you will also be able to gain access to your personal account.

To register an account, you must follow this algorithm:

  • fill out the form provided (indicate your last name, first name, email, phone number);
  • select a trading platform and tariff plan.

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When filling out the registration form, all information must be written in Latin. Traders Union experts note that after registering on the XM website, you will receive an account number (this is your login) to the specified email. Registration is simple and takes minimal time, but to trade on the platform you still need to go through verification.

In your personal account you will find the following functions:

  • deposit/withdrawal of money;
  • change Password;
  • setting up an account (changing leverage, viewing the history of financial transactions, etc.);
  • passing two-factor authentication
  • using a VPS server;
  • access to the affiliate program, trading signals, etc.

You can read more detailed information about the company in the full review on the Traders Union web resource.

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FAQs

Can you trust XM Group?

Yes, it is a regulated broker that has received licenses from CySEC (Cyprus), FSC (Belize), DFSA (UAE) and ASIC (Australia). The company has been operating since 2009 and has many positive reviews.

Does XM really pay?

Yes, XM is a reputable online forex and CFD broker, and they do pay their clients for their profits and withdrawals. However, the ease and speed of withdrawals can vary depending on factors such as your account type, the payment method you choose, and your location.

Is XM Group regulated?

Yes, XM Group is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission of Belize (IFSC). Their regulatory status can provide a level of security for traders.

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Can I withdraw from XM?

Yes, you can withdraw funds from your XM trading account.

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