XM Group Review: Key Findings for 2023

Compared to other brokers, XM does an excellent job of offering webinars. They are available 7 days a week from 37 webinar instructors and in 19 languages. To view the schedule, simply click on the language of your choice.

If that is not enough, you can program the indicators yourself or insert them externally. Another perk awaiting newly-signed up traders is the WELCOME BONUS. This particular reward is only earned by traders who signed up for an account and opted to make an initial deposit. Testing the mettle and serviceability through a thorough review of its forex brokerage service is the XM Group. They include coverage of all topics with real-time guidance and up-to-date information.

Security of funds

This helps the broker appeal to those all over the world and of any skill levels. XM also has 16 full-feature trading platforms for clients to choose from. MT5 is a multi-asset trading platform where XM customers can gain access to over 300 Share CFDs as well as Forex and other CFDs. While MT4 is still the most widely used platform for retail traders, MT5 offers https://traderoom.info/difference-between-information-and-data/ certain enhancements such as more sophisticated backtesting, technical analysis tools and risk management tools. Both MT4 and MT5 are known as the gold standard of forex and CFD trading platforms as they offer advanced automated trading features and technical analysis tools. XM is a CFD and forex broker with a high measure of currency pairs offered.

• One of the biggest advantages of XM is that it has a highly skilled and professional team of customer support agents.
• This is the equity level that causes your open positions to automatically close.
• You can also receive 20% up to $4,500 bonus deposit, or any other equivalent currency.

The more they trade, the higher the points they accumulate, which can be converted to the LOYALTY BONUS after application. XM is a large and well regarded company with some good offers and is well regulated so you can feel safe when choosing this broker to trade with. XM is an international broker offering clients access to more than 1,000 instruments across 7 asset classes. XM has high liquidity and no requotes or rejections of orders. Although MT4 Multiterminal is technically a variation of MT4 for XM, it has additional functionality. This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal.

How to place orders with XM?

So that XM can give you the most accurate pricing possible and avoid requotes, the XM network runs with very fast execution speeds. Fast execution speeds mean less lag and therefore less opportunity for slippage, this allows XM to display prices in real-time and execute your orders quickly. To ensure you receive the most accurate price possible, XM uses fractional pip pricing. Should prices change, market execution using the best available price in place of a requote will be applied. In this respect, the XM mission is to provide the best execution possible.

1- they took 15% of deposit as ‘fees’ and then same again for withdrawal. Imagine depositing 2,000 usd and they take 150usd when you deposit and again 150 when withdraw. 2- They ran a competition and changed the closing date just before competition ended, so on this basis they could just keep moving the date, take entrant fees and not give prizes. Totally unethical, I was told by their agent it is within their right. Never trust a broker that runs competitions, there is a reason it is banned in some countries.

What is XM Trading?

Clients outside Europe can trade real stocks on the XM Share account. The commission you pay is dependent on the market you are trading. As with our other broker reviews, we will pick the stock index, the stock CFDs and Forex. The currency pairs include EUR/USD, GBP/USD, EUR/CHF, and AUD/USD. In addition to its powerful and influential software, XM offers multi-account trading through the web, mobile, and desktop platforms.

• As an added benefit, it’s a well-regulated, standard MT4 broker, which is a good option for clients who don’t want to lose their money suddenly.
• XM Group or XM has emerged as a next-generation forex broker that offers a range of online FX and commodity trading services.
• XM has already hosted hundreds of these seminars, with even more planned.

While the Forex trading market is huge and the competition is ever increasing, XM broker manages to set its own standards in the market. With more than 3.5 million costumes and dozens of awards, it has not once proven that XM deserves the title of the best Forex broker in the world. The broker is focused on customer needs and makes the journey through a very complicated path very comfortable as well as reliable. Within the educational section, the most valuable information which you can get is the Seminars and the Webinars regarding forex trading. There is the Live Education section, which is a brand new addition as well as the Platform Tutorials, which is also a great benefit to know until you start trading yourself. During any trading day, stock prices of specific companies will go up or down.