In the last few years, a dynamic branch of online brokers has developed, which competes for the favor of risk-taking investors with special offers. The keywords in this industry are social trading or CFD trading. In most cases, the providers have specialized in individual asset classes, while other providers offer the entire spectrum of leveraged financial products. One such provider isXM. The XM Group (XM) is a group of regulated online brokers. It consists of broker Financial Instruments Ltd established in 2009 regulated by the Cyprus Securities and Exchange Commission (CySEC 120/10), Financial Instruments Pty Ltd established in 2015 regulated by the Australian Securities and Investments Commission (ASIC 443670) and XM Global Limited, which was incorporated in 2017 and is regulated by the International Financial Services Commission (000261/158).
|🥇 Best Offerer||XM|
|⭐Rating||4.5 / 5.0|
|🐂 Trading||CFDs on Commodities, Precious Metals, Indices|
|📈 Underlyings||90+ stocks, commodities, currency pairs|
|💻 Software||MetaTrader, WebTrader, Multi Terminal|
|🏆 XM||Trade Now!*|
* CFDs are complex instruments and have a high risk of losing money quickly through the levers. 74.07% of retail investors 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 money.
The client can also trade forex with XM in addition to commodities, stock indices and precious metals intervene in different currency pairs. In addition, XM tries to address different customer groups, for example by trading with very small amounts, or by offering accounts that conform to Islam. In addition, the provider claims to make suitable offers for both experienced and inexperienced traders. We did the test with XM and checked to what extent it is possible to satisfactorily serve so many customer interests at the same time. The results can be read in our review.
Video preview of XM
In the following video you will find a summary of our experiences with XM. We'll also show you how to sign up and also show you how to get started with the provider.
To preview XM, watch the video now:
Unsere Erfahrungen im Überblick
The company, which was founded in 2009, is a broker that has grown steadily in recent years and, in addition to its range of tradable products and trading instruments, has also continuously expanded its global presence. Of course, the customer also benefits from this variety and experience. According to its own information, XM now has a huge customer base with 300,000 open accounts and dealers from almost 200 countries. The provider tries to make offers to its customers on site by holding real events, i.e. events that are not held online. But first let's look at XM from the perspective of the potential newcomer looking for a suitable broker.
|Address||12 Richard & Verengaria Street, 3042 Limassol, Cyprus|
|Registration Number||HE 322690|
|Regulation / License||CySEC: 120/10, IFSC: 000261/158, ASIC: 443670|
|eMail:||[email protected]| ||142|
This broker has over 1,000+ financial instruments that can be traded on MT4/MT5 platforms. These include Forex trading, Stock CFDs, Commodity CFDs, Stock Indices CFDs, Precious Metals CFDs and Energy CFDs. In the case of stock indices and commodities, XM uses the instrument of CFD trading, also known as a contract for difference in Canadian-speaking countries, which can bet on the price development of a specific underlying asset. For the other forms of trading, the spreads form the basis. Leverage ratios of up to 1:30 are offered.
Here the leverage according to the underlyings at a glance:
|Major FX pairs||30 : 1|
|Major indices Minor FX pairs Gold||20:01|
|Commodities Minor Indices||10:01|
In Bezug auf Währungspaare im Forex Trading the investor can choose between an impressive number of 60 different currency pairs. All common currencies from US dollars, euros, British pounds, Swiss francs or Canadian dollars are possible. A selection of Scandinavian currencies such as Swedish or Danish krone is also offered for trading by XM. The broker XM offers variable spreads.
XM also offers a selection in commodities trading. In addition to cocoa, corn, coffee, this also includes soybeans, as well as sugar and wheat. There is also a selection of energy products such as oil and gas. Here,CFDs are used. These contracts also form the basis for trading equity indices, while for precious metals spreads form the basis for trading. Overall, the customer will find a wide range, even if the selection within the product classes is rather small. There are only two precious metals and only 13 raw materials to choose from. Other platforms offer more.
Maximum leverage for clients registered under the EU regulated companies in the group is 30:1. The maximum leverage depends on the financial instrument. XM Group offers its customers 4 account types: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads and a maximum leverage of 1:30. The MICRO account allows you to work with micro lots, reducing risk. The STANDARD account allows you to work with standard lots. Both accounts allow you a minimum deposit of $5. The XM ZERO account allows you to work with standard lots, lower spreads from 0 pips and a minimum deposit of $5. The XM ZERO account has a commission of $3.5 per $100,000 traded. Finally, with the XM ULTRA LOW account, you can trade either micro or standard lots, lowering spreads from 0.6 pips and utilizing a minimum deposit of $5. (XM Ultra Low and XM Zero accounts are not available to all entities in the group.)
One final feature offered to minimize risk is what is known as "negative balance protection." a possible obligation to make additional payments is excluded from the outset. In general, as a customer of XM, you very quickly get the impression of a thoroughly reputable provider whose terms and conditions make fraud and rip-off impossible from the outset.
Finally, it should not go unmentioned that trading at XM after In our experience, everything always ran smoothly and all transactions were processed promptly. This is not necessarily a matter of course, especially in view of the wide range of activities, since there is not always the appropriate liquidity in the market for certain positions. However, thanks to the cooperation with nine trading platforms and other trading houses, this works surprisingly smoothly. Nevertheless, corresponding bottlenecks cannot be completely ruled out.
Deposit and withdrawal
In terms of deposit and withdrawal modalities, XM also makes it very easy for its customers. It is currently possible to initiate deposits via a number of common credit card providers. In addition, a number of electronic deposit systems such as giropay or Sofortüberweisung are offered. Individual services are not equally available in all countries. The same systems are also offered for the payout. XM attaches great importance to relying exclusively on reputable and internationally recognized providers. Payments are also possible via bank transfer. It is particularly convenient for the customer that the fees incurred by all providers are taken over by XM. This applies to both deposit and withdrawal. In addition, there is a very low minimum deposit amount of five euros. With regard to the duration of the deposit, XM depends on the cooperation with the respective providers, which is the reason for the sometimes different deadlines. In the case of a credit card, the transfer usually takes place immediately. However, bank transfers may take a few days to be credited to your account.
|Overview of deposit and withdrawal options|
|Payment options||A variety of local payment methods are available.|
|Minimum deposit:||$US 5 (oder Währungsäquivalent)|
|Accounting possible in:||Euro, US Dollar, British Pounds, Japanese Yen, Swiss Francs, Australian Dollars, Russian Rubles, Polish Zloty, Hungarian Forint, Singapore Dollar, South African Rand|
|Withdrawal Options:||A variety of local payment methods are available.|
Security and regulation
Regarding deposit security, XM offers the usual rules. This includes a guaranteed deposit guarantee of up to EUR 20,000. In addition, the deposit guarantee can also be higher, but varies according to the amount of individual customer deposits. In principle, therefore, a higher level of security can be agreed.
In addition, the account separation customary in the industry is also applied. This means for customers who, in the event of the broker's insolvency, the customers' credit balances remain untouched. XM falls under the regulation of the EU, which guarantees basic standards and prevents fraud and rip-off. Another guarantee for a high degree of seriousness is the regulation by the Cypriot regulatory authority CySEC. Among other things, this ensures that there is always sufficient liquidity.
Support and customer service
Exemplary, available at all times and multilingual - these are the essential attributes of XM's customer service. Professionally trained employees are available around the world at all times to answer customer inquiries patiently and competently. An important and helpful service, especially when it comes to products that are not always very uncomplicated.
User-friendliness of the website
Basically, the customer deals with the offers from XM with sometimes highly complex commercial products, which, especially for beginners, cannot be understood at first glance. The functionality is often not immediately apparent from the explanations on the website. For this purpose, the customer can and should fall back on the telephone customer service as well as the extensive training offers before he starts trading. A demo account is also available for testing. Of course, all of this is also possible with XM via a mobile app, which is available for all systems from iPad to Android.
Conclusion - leveraged trading with a seat belt
Opened with the broker XM offers the trader a wide range of tradable leverage products, even if the selection within the categories is manageable. Anyone who finds their product here has a solid and reputable partner with fair conditions in XM. Additionally, it offers a few layers of security designed to limit losses in this risky segment of the market. This "safety belt" can be extremely important for beginners, although its use is of course not mandatory.
* CFDs sind komplexe Instrumente und haben ein hohes Risiko des schnellen Geldverlustes durch die Hebel. 74,07% der Kleinanleger verlieren Geld wenn sie mit CFDs bei diesem Anbieter handeln. Sie sollten überlegen, ob Sie verstehen wie CFDs funktionieren und ob Sie es sich leisten können, das hohe Risiko eines Geldverlustes einzugehen.
I was a little skeptical at first because the company's headquarters are unfortunately not in Kenya. But then I looked around for scam tests and yes I read that it is generally safer to trade with XM. That's why I finally decided to just register and give it a try. I wasn't wrong and I'm still very satisfied. A very good decision. Why I come to a positive conclusion: the training opportunities are extremely good, I find my way around there very well and there is a tutorial for practically every possibility and every small trade secret, with which I can improve my personal trading. That's why I'm a big fan of the Education Center and use it almost every day when there's something new to trade or I just want to educate myself to make even more profits. This goes hand in hand with the demo account, which I also use very often to check strategies.
written 73 months ago
XM convinced me because I get a mobile app there that, according to the reviews on the internet, is really useful and can be used at any time can. It works perfectly, very fast and there are no problems with it. She's never crashed on me. So I hope to continue trading with XM as successfully. Before I paid in, there was seed capital for me, which I can still trade with now. I made a deposit anyway to have more capital to trade. I basically only use about 5% of my total capital to trade. There was also a bonus, which of course I also used directly. So overall very satisfied.
written 69 months ago
I consider XM to be an absolutely reliable and fair provider for trading CFDs with whom I I've only had positive experiences so far. Transactions were never rejected or there were requotes. And the fee policy is also absolutely transparent.
written 63 months ago