The broker supports mobile versions of each platform and, if you don’t wish to download any software, you can also use the efficient WebTrader version. Overall, this gives you convenient trading solutions at all times and access to a wealth of great charting and research tools. XM is a well-rounded broker suitable for traders of varying experience levels. Its competitive features, regulatory compliance, and commitment to user satisfaction make it a viable choice for those looking to explore the world of trading. As always, potential traders should conduct thorough research before making their final decision.

Customer Support

• Traders from these regions will need to look for alternative brokers that are properly licensed to operate in their jurisdiction.
• However, if you want even more, you could consider TMGM who have over 15,000 or Plus500 with more than 2,000 CFD instruments.
• It provides you with videos that cover varied fundamental topics on money management, strategies, and much more.
• XM’s adherence to these regulations, alongside its robust security measures, gives traders peace of mind, knowing that they are trading in a transparent and secure environment.

MetaTrader 4 features various useful tools and functionalities to help you make savvy investments. These include technical indicators, robots, research tools, charting mechanisms, trading signals, economic calendar, and scalping options. MetaTrader 5 has all the same features as MetaTrader4, but includes a greater selection of technical indicators, graphical objects, timeframes, and other tools.

Although there is no exclusive mobile trading software available, all XM Group account holders can use the mobile app versions of MT4 and 5 to enjoy smooth and secure trading on-the-go. These platforms are compatible with both iOS and Android devices and can be downloaded as native apps. To open an Islamic account with XM, our review team found that you’ll first need to follow the standard account opening process. Once your account is verified, you can request to change your account to an Islamic one by logging into the Members Area. Select which XM Group entity you wish to trade with (only for EU traders, choose between XM CY or XM Global) and select your trading platform (choose between MT 4 and MT5).

Deposit Methods

To trade with XM Group, you can open a Micro or Standard account with 5 USD. However, this professional option gives you spreads as low as 0 pips and other great trading benefits. Our XM Group forex broker review team recommend you turn on push notifications (available on MT4 and MT5) to keep up to date with the latest market movements. XM Group further ensures your online trading safety by storing your funds in segregated accounts at tier-one banking institutions.

• XM has most of its platform tutorials, as well as other educational content, available on its YouTube channel.
• The VIX, otherwise known as the ‘Fear Index’ reflects market appetite for risk.
• It offers competitive spreads, flexible leverage, and multiple account types for traders of all levels.

At XM Group, traders incur a swap fee for holding open positions overnight, which reflects the interest rate differential between the currencies in a pair. Accept the platform’s terms and proceed with “Register.” If you have a promo code, you can apply it here. If you are looking to trade cryptocurrencies with all other benefits, Markets.com might be a good alternative for you. Our comparison table below highlights the spread differences between XM and Pepperstone, helping you choose the better option for your trading needs.

Stock Trading

XM ranks among the world’s most competitive brokers, combining tight spreads, ultra-fast execution, and robust regulatory oversight. With over 15 million clients and 99% of trades executed in under one second, XM is designed for serious, performance-driven traders. Our expert review of XM Group forex broker discovered that it offers you 1,200+ instruments with low spreads. This award-winning brokerage helps you create a diverse portfolio with currency pairs, stock CFDs, commodities, indices, precious metals, and energy options. XM Group offers multiple account types to cater to the needs of different traders.

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 Group Neteller Deposit

As such, XM may request additional documentation or information in some cases to ensure compliance with AML and KYC requirements. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. Bank transfers can take a few business days to clear and XM covers all the charges for bank transfers of $200 or more. Accounts can be opened in  a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB.

XM Group provides a robust, fair, and fast trading environment, backed by global recognition and over 15 million satisfied clients. It commits to transparency and reliability, making it the go-to choice for traders seeking a trustworthy and efficient platform. Both MT platforms provide markets in over 1,000 instruments and, whichever you choose to trade, you will quickly come to realise why the MetaTrader dashboard is so highly regarded in the trading community.

There are regular webinars and seminars if you need to brush up on your skills or want to learn more about Forex trading. After spending a few days navigating our way around everything on offer we found no problems, and soon understood why XM Group has found itself in such a favorable position. XM has been operating since 2009 and the broker has used that time to develop an impressive and useful range of FAQs. The related questions can be easily accessed from the side bar, meaning that receiving further information can be done so intuitively.

The broker also uses Secure Socket Layer (SSL) encryption technology for all transactions and employs investor protection measures enforced by the Markets in Financial Instruments Directive (MiFID). XM Group processes withdrawal requests efficiently, with e-wallet withdrawals being completed within hours, while bank transfers may take a few business days. There are no fees for withdrawals in most cases, although some third-party providers may charge their own fees. The live chat feature allows traders to get immediate assistance with any issues they may face. XM’s support team is responsive and knowledgeable, ensuring quick resolutions to common inquiries. XM Group offers stock CFDs, allowing traders to speculate on the price movements of individual stocks listed on major exchanges such as the NYSE, NASDAQ, and others.

This fee encourages active trading and helps cover administrative expenses. XM offers a low barrier to entry, enabling traders to commence with a modest initial investment,starting from just $5. Dear Adeel Khan,We are sorry to hear about the delay you are experiencing. Please note that XM reviews all verification documents carefully in line with regulatory and security requirements, and in some cases the process may take longer if additional checks are needed. We would like to review your case and help you complete the verification as soon as possible. Kindly reply to the “Find Reviewer” request we sent on Trustpilot so we can locate your account and assist you directly.XM Team 🚀BIG.

This multi-jurisdictional oversight provides traders with an added layer of protection and peace of mind. The availability of a Shares Account sets XM apart from many competitors, allowing traders to invest in and own real stocks. Furthermore, the provision of a free demo account and swap-free Islamic accounts demonstrates XM’s commitment to inclusivity and accommodating diverse trading needs. XM’s investment in developing and maintaining these resources demonstrates a strong commitment to client education and support. By providing a diverse array of educational materials, XM enables traders to continuously expand their knowledge and adapt to changing market conditions. The broker’s licenses from CySEC and ASIC place it among the more reputable firms in the sector.

They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. I like the fact that 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. The XM Standard Account is a versatile option offering access to all trading instruments with zero commission.

Trading Platforms

The move was successful; by 2010, the Xbox 360 was the most-used game console in the American home. But at the same time, the price cuts also led to a 6% drop in revenue in Microsoft’s Entertainment and Devices Division (EDD). The Xbox 360 was succeeded in 2013 by the Xbox One, which in turn was replaced by Xbox Series X and Xbox Series S in 2020. Microsoft deepened its position in operating systems with Windows, a graphical user interface whose third version, released in 1990, gained a wide following.

Our reviewers of XM Group were pleased to find that the broker offers investment protection to the majority of clients. As XM Group operates under several trading names with different regulators, however, the protection offered changes depending on which arm of XM you decide to trade with. XM Group offers variable spreads on all instruments as standard, and fractional pip pricing to the fifth digit.

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. XM Group has https://forex-review.net/xm-group-review/ over 450 employees with customer service in over 30 languages available 24/5. Well, in my opinion, 24/5 support is enough as long as they don’t provide cryptocurrencies trading (which is the only market opened 24/7). XM Group monitors the latest industry trends to keep up to date with 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 to ensure you can trade in comfort.

He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.