Read more, why trade with Australian Brokers by the linkso the regulatory obligations are covered at a sustainable level as we see through our XM Review. I have proof that they don’t want to send me 560$ earned money, now over 4 months already. They gave me a welcome bonus to test the broker and it was amazing. I made 80$ as a profit from just 30$ welcome bonus without a deposit and I made a withdrawal request using e-wallet, they approved it on the same day and I received my profit without any issues.
XM’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. XM is an online broker for trading on forex with a strict no re-quotes and no rejections policy. While conducting this XM Group review our expert team found that you can gain free access to a VPS.
A spread is the difference between the bid and the ask price of a currency pair , and so to make it even easier it is the price at which your broker or bank is willing to sell or buy your requested trade order. The current floating rates system, which we know today, was adopted after World War II and has been in effect ever since. All our systems are built and updated with the client in mind. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients.
What Instruments Do Accounts Have Access To?
The platform charges low fees for CFD trading and withdrawals. It deals with trading CFDs and forex and does not accurately support cryptocurrency or other financial instruments. The platform offers multiple educational tools and hosts webinars regularly.
These platforms help XM Group tick all the boxes in offering the top-level technologies to its clients through the multiple proprietary indicators of the MetaTrader suite. XM welcomes credit cards, electronic payments , local bank transfers, etc. The broker does not charge any service fee for deposits or withdrawals. XM trading offers full edition of the popular MT4, MT5 platforms which includes numerous proprietary indicators. XM TV provides daily forex news videos and market analysis, also available as an audio podcast.
We tested debit card withdrawal and it took 2 business days. A bank transfer can take several business days, while payment with a credit/debit card is instant. For two XM Account types , which is very low,and $100for the XM Zero account. XM accepts customers from all over the world.There are a few exceptions though; among others, you can’t open an account from the USA, Canada, China, Japan, New Zealand or Israel. There is a $15 one-off maintenance fee after 1 year of inactivity, and this is followed by a $5 monthly fee if the account remains inactive. For a tailored recommendation, check out our broker finder tool.
Login and security
The forex fees are average and not necessarily affordable for all types of users. Users get access to a demo account with simulations of all features and no time limit. There is no protection for investors onboarded as non-EU clients. The platform runs a full-service package on educational content for all users, beginners as well as experts. The customer support is available only from Monday to Friday. It is best for forex trading and creates strong foundations for new users’ first steps into forex trading.
There is no proprietary mobile app for XM Group but is expected to reach the market in the coming years. A range of trading markets is available from a single multi-asset account that offers 6 Asses Classes and includes about 55 currency pairs with a total over 1000+ trading markets. And so you are able to trade Forex or CFDs on stock indices, commodities, stocks, metals, energies and Cryptocurrencies at XM all available from the same trading account. If the registration is fast with a broker, then the verification took a very long time, more than a week. Trading accounts of different types, there is an account for trading purely stocks, low spreads and good execution.
I would surely recommend this XM broker for any Indian client. Trading forex and CFDs at XM is as convenient as it can be for any investor in the 21st century – and you can start with a deposit as low as $5. A state-of-the-art environment offers seamless trading, where clients have the option to trade any instrument of their choice on any of the MT4/MT5-based platforms with ease, all from one trading account. To gain access to any of the XM trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration. Our clients can choose the trading account that meets their needs and select the trading platform of their choice during their registration.
They come in different contract sizes and offer different trading conditions, which you can adapt to your LimeFX goals and trading strategies. XM platform supports stocks, financial instruments, trading of forex, equity indices, commodities, valuable metals, various currency pairs or forex pairs, and energies. The XM research and education section offers a very detailed library of educational materials for traders. These include market reviews, stock market news, forex news, LimeFX-themed articles, technical analysis, videos, and a learning center where webinars, seminars, and video tutorials are presented.
There are a lot of restrictions imposed per ticket depending on the shares. However, some clients can avail customized accounts but those are available only for trading forex and no other financial instruments. This is available with account base currencies like USD, EUR, GBP, ZAD, AUD, or SGD.
With MT4 and MT5 mobile trading, traders can follow the global markets from anywhere and instantly place and execute orders. With XM Group you can trade 1,200+ instruments of forex, stock CFDs, oil, gold and stock indices. The broker offers you a wide range of assets compared to other brokers with CFDs commodities such as cocoa and soybeans.
- XM may require copies of your credit card before approving a withdrawal request.
- These platforms not only enable access to trading stock indices, stocks indices, and precious metals but also allow the on-the-go mobility of users with their mobile applications.
- However, the amount varies according to the chosen payment method and trading account validation status.
- Traders from countries like the United States, Canada, Israel, Iran, and Belgium cannot use XM.
- The broker group updates these platforms with the latest add-ons and establishes its exclusive community as the best MetaTrader broker.
I had a problem with one of my bonuses and support got back to me the same day and kept me right. The broker is available through email, phone, or live chat. Also, we found that the service is of good quality with reliable answers, which confirms again XM’s client-oriented policy. XM Minimum Deposit amount is 5$ only for Micro Account or a Standard Account, in case you wish to trade with Zero account minimum deposit is competitive also, demanding 100$ as a start.
star XM broker review by Kiran, India
There’s no difference between trading assets, tools, or trading speeds for smartphones or tablets and those for desktop PCs. Access to shares CFDs depends on the client’s country of residence. Always check the broker website for the latest information. Although XM Group’s support department is only available 24/5, they do have an extensive list of FAQs that provide detailed answers to common queries. Established in 2009, XM Group’s solid licenses – including one from the Cyprus Securities and Exchange Commission – and Investor Compensation Fund membership give you peace of mind when executing trades.
- All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
- XM requires a $5 minimum withdrawal for Micro and Standard accounts.
- At XM the client comes first regardless of net capital worth, account type or size of LimeFX.
- If you want your money back, I suggest not to sent any money to this SCAM company.
- The MT4 and MT5 mobile apps also come in their standard native development package at the Google Play Store and Apple App Store, respectively.
TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
Lastly, for the fees it is neccessary to calculate also XM overnight fee or the fee that a trader pays in case the position is opened longer than a day and is agreed through a swap contract that comes as a cost. Every currency has a different interest rate which comes as a calculation. Below limefx forex brokers reviews you may see average spread reference calculated throughout the day on a Standard account presented for most popular products. Even though some spreads might be higher than its industry competitors, the overall fee structure is rather average for Forex products and low cost for CFDs.
This trustworthy broker holds a license from the Cyprus Securities and Exchange Commission through its parent company Trading Point Ltd. XM Group’s reputation for excellence led it to win the Global Forex Broker of the Year award in 2020. I have opened multiple account, deposited money and at times left them with no money but have never received any complaint from the company. This review gives the broker group a high score for offering such high-quality and diversified content on education and research. From those in-house videos to the trading signals, XM Group marks its niche against competitors such as LimeFX and IG, among others. Client manager acts like this is standard procedure but this is unacceptable, my Metatrader accounts and client portal access deleted.
- XM has a very advanced platform in Meta Trader 4 and Meta Trader 5.
- TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
- Funds are generally available in two-to-five business days.
- These services are aimed at meeting the tailor-made LimeFX goals of every client.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
- This includes also XM VPS, Rapid Trade Execution and remote connection to a Virtual Private Server.
Continue reading our XM Group review to learn about its zero-commission accounts, ultra-fast execution speeds, and why it’s one of the best brokers for beginners and advanced traders. Almost every review on XM Group labels the service with an average risk. The XM forex broker is not a high-risk service compared to several other peers. While XM Group is not publicly-traded, it also does not operate as a bank or any financial organization. The XM Group, however, is authorized by multiple-tier regulators. It has two tier-1 regulatory authentications that label it with high trust.
Please don’t try this broker or else your life will be ruined. XM is SCAM & FRAUD broker they didn’t pay my deposit of around 2500 usd that I’ve deposited a week ago. Fraud company I send bunch of documents, bank statements to prove my issues yet they claim that send money but they didn’t. Glad that I did some research and review about the company. The only concern is to stick to the MetaTrader’s platforms. It would be great to have an alternative terminal using modern technology.
XM Frequently Asked Questions (FAQ)
Let’s find out all the features of XM & dig deeper into the XM review. XM clients have the option to invest in over 50 currency pairs, along with CFDs on the most traded commodities, equity indices, precious metals, energies, and shares with instant access to the global markets. https://limefx.group/ Currently, 17 different MT4/MT5 based trading platforms provide seamless trading for over 5 million clients in more than 190 countries. XM offers LimeFX opportunities with flexible trading conditions that suit the needs of traders with diverse skills and experience.