XM Group Review 2020
XM Group is a multi-award winning globally established and regulated online trading broker with over 2.5m clients from 196 countries offering no-requotes, low spreads, fast execution and negative balance protection.
XM Group Review 2020, Pros & Cons
- Strict regulation
- Negative balance protection
- Multiple awards
- Low spreads, low commissions & fast trade execution speeds
- Hedging & scalping allowed
- No US clients
- No fixed spreads
In this detailed XM Group review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
XM Group is ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers and best online brokers categories. You can use our free broker comparison tool to compare online brokers including XM Group.
XM Group Review: Summary
XM Group was founded in 2009 and has since grown into a large globally established trading broker with over 2,500,000 clients from 196 countries.
XM Group is based in Cyprus, Australia and Belize, with over 450 employees who have many years of combined experience in the financial industry. This experience combined with strict regulation and customer service in over 30 languages make them one of the most popular brokers for traders from all different backgrounds and levels of experience.
XM Group offers an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. They take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience.
XM Group offers a no re-quote and no rejections policy with 99.35% of trades being executed within 1 second. Their business model is built around the belief that execution is everything when trading.
XM Group clients have negative balance protection which means that traders are not at risk of losing more than the account balance. They provide multiple different trading platforms and flexible conditions to suit individual client needs.
XM Group management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company who put client satisfaction first which explains why they have such a high level of client retention and loyal user base. They have won numerous awards for their services including Best FX Broker, Best Forex Customer Service, Best Forex Broker and Best Forex Execution Broker.
XM Group monitors the latest industry trends to keep up to date with the latest innovative technologies and to be able to adapt to clients ever changing and demanding needs. They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile.
XM Group offer a wide range of trading instruments for traders to choose from including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. All instruments are available to trade from the same trading account on 16 trading platforms which makes trading easier and more efficient.
XM Group is operated with client requirements at the forefront of everything that they do. This is not just for the best possible trading conditions but also the simplicity of opening an account to making deposits / withdrawals, contacting support and trading.
XM Group Review: Regulation
XM Group is authorised and regulated by the Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) and Financial Conduct Authority (FCA). This helps to ensure safety of client funds and that they abide by strict regulatory standards with the most sought-after regulators. They are also regulated with the International Financial Services Commission of Belize (IFSC).
XM Group have partnered with regulated entities for the withdrawal and deposit process for extra client protection. Client funds are kept segregated from the company funds in tier 1 banks to ensure that they cannot be used by XM Group or the liquidity providers under no circumstance. Client accounts also have negative balance protection.
XM Group is a member of the Investor Compensation Fund and stick to the investor protection principles outlined by the Markets in Financial Instruments Directive (MiFID).
XM Group 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.
These factors combined with a no-requotes and no extra commissions policy ensures that XM Group are amongst one of the best trading brokers.
XM Group Review: Countries
XM Group accepts clients from all over the world, excluding USA, Canada, Israel and Iran. Some XM Group broker features and products mentioned within this XM Group review may not be available to traders from specific countries due to legal restrictions.
XM Group Review: Trading Platforms
XM Group offer clients the option to choose from 16 variations of the popular MetaTrader 4/5 trading platforms for desktop (PC / MAC), web trading directly in your browser without needing to download or install any additional software and MetaTrader for mobile devices running on iOS or Android. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection.
MetaTrader 4 (MT4)
MT4 still has long been the platform of choose from all types of trades across the globe. It is well known for its user-friendly interface and abundance of built in trading tools for conducting detailed chart analysis and trading efficiently. XM pioneered offering an MT4 platform with trading execution quality in mind. XM clients can trade on MT4 with no re-quotes, no rejection of orders and with flexible leverage. Whatever your trading style or experience level, MT4 is considered as on of the go to platforms for online trading. XM have a good selection of trading platform video tutorials on their website to help familiarise yourself with MT4. Some of the main MT4 features include:
- Over 1000 Instruments Including Forex, CFDs and Futures
- 1 Single Login Access to 8 Platforms
- Spreads as low as 0 pips
- Full EA (Expert Advisor) Functionality
- 1 Click Trading
- Technical Analysis Tools with 50 indicators and charting tools
- 3 Chart Types
- Alert notifications (email, SMS & pup-ups)
- Micro Lot Accounts (Optional)
- Hedging allowed
- VPS Functionality
- Freely Available on Desktop, Web & Mobile Devices
MetaTrader 5 (MT5)
The XM MT5 offers all of the same powerful features that the XM MT4 has to offer, along with more trading tools and advanced capabilities. It has an additional 1000 CFDS on stocks (shares), which makes it the ideal multi-asset platform. You can trade forex and CFDs on stocks, gold, oil and equity indices from 1 platform with no rejections, no re-quotes and flexible leverage.
- Over 1000 Instruments, including Stock CFDs, Stock Indices CFDs, Forex, CFDs on Precious Metals and CFDs on Energies.
- 1 Single Login to 7 Platforms
- Spreads as Low as 0 Pips
- Full EA Functionality
- One Click Trading
- All Order Types Supported
- Over 80 Technical Analysis Objects
- Market Depth of Latest Price Quotes
- Hedging Allowed
- Freely Available on Desktop, Web & Mobile Devices
XM Group Review: Trading Tools
XM Group provide clients with very good proprietary trading tools for the MetaTrader 4/5 trading platforms. These tools are fully automated and can perform technical analysis across multiple instruments and charts, in order to identify potential trading opportunities. This makes it quick and easy to identify trading signals without needing to constantly stare at your charts all day and night.
- Follow the prevailing trend
- Identify areas of consolidation
- Predict impending reversals
- Know the best time to trade
- All-in-one trend indicator
- Know which markets are trending
- Identify strength and direction
- Learn how the market is moving
- Identify support and resistance levels
- Recognise strong market trends
- Know when is best to enter a trend
- Learn where prices might go next
Bollinger Bands Indicator
- Learn to trade market volatility
- Identify entry points in ranging markets
- Recognise extreme price levels
- Know when price movements will occur
ADX & PSAR Indicator
- Recognise a market in consolidation
- Identify the start of new trends
- Learn the best time to place a trade
- Know when trends reach extreme conditions
- Analyse in seconds instead of hours
- Map the market direction in real time
- Quickly identify the best instruments to trade in
You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at XM Group who will be happy to get you started and provide you with assistance.
XM Group Review: Education
XM Group has a vast range of educational materials within the research and education center. This includes daily market updates, economic events, tutorial videos, webinars, seminars and more. This section is frequently updated by 20 multilingual market professionals providing a diverse library of knowledge to assist traders of all levels, from the novice to more advanced trader. The video library covers a range of topics including:
- Introduction to the markets
- Trading essentials
- Fundamental analysis
- Technical analysis
- Money management
- Trading psychology
- Trading strategies
They also offer live trading education with a basic and advanced online educational room for learning the fundamentals of trading from XM Groups expert instructors, as they cover strategies for the various trading sessions and answer your questions in real time.
XM Group Review: Trading Instruments
XM Group offer a wide range of trading instruments to traders including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.
XM Group Review: Trading Accounts & Fees
XM Group offer 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. Minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence.
- Micro Account: $0 commission, variable spreads from 1.0 pips
- Standard Account: $0 commission, variable spreads from 1.0 pips
- XM Zero Account: $3.5 commission, variable spreads from 0.0 pips
As broker fees can vary and change, there may be additional fees that are not listed in this XM Group review. It is imperative to ensure that you check and understand all of the latest information before you open a XM Group broker account for online trading.
XM Group Review: Customer Service
XM Group has over 450 employees with customer service in over 30 languages available 24/5. Support is available 24/5 in 14 languages via phone, chat and email.
XM Group Review: Deposit & Withdrawal
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.
Fees may be charged when using certain payment methods. Bank transfers can take a few business days to clear. Accounts can be opened in 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.
XM Group Review: Account Opening
XM Group estimate the account opening process to take an impressive 2 minutes to complete. You simply fill out the brief online registration form, verify your email and upload your identification. Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading. XM Group Support is on hand to guide you through the process if need be.
XM Group Review: Conclusion
XM Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. The model that they incorporate ensures that they are one of the industry leaders when it comes to favourable trading conditions for clients of all levels. This combined with strong regulation and a human approach, makes XM Group one of the best trading brokers available to traders worldwide.
71.61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.