Get The Best Information On XM Group Via This Comprehensive XM Group Forex Review
- Several Platforms
- Choice of Trading Accounts
- Regulated CySEC, FCA and ASIC
- Bonus on all Deposits*
- Demo Account
*Trading bonus are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 in Limassol, Cyprus and is regulated by CySEC. Trading Point of Financial Instruments Pty Ltd was established in 2015 in Sydney, Australia and is regulated by ASIC. Trading Point of Financial Instruments UK Ltd was established in 2016 in London, United Kingdom and is regulated by the FCA.
XM Group is a company that continually seeks to improve its quality of services, and has an affinity towards expanding to newer markets, which has indeed helped the company to cater to the largest demographics of traders from around the world. XM Group has a worldwide presence through branch establishments, white label affiliates, introducing brokers, and other partnerships that make XM Group accessible to clients from all over the world. Unfortunately, XM Group is still discreet about its lack of a brokerage service in the US, even though we believe that the company has the resources and the firepower to become a leading Forex broker in the US. Until the time XM Group plans on setting up a dedicated brokerage in the US, US traders are legally barred by the US authorities from investing in the FX Group markets with XM.com.
What Do We Cover In This XM Group Forex Broker Review?
This comprehensive XM Group broker review is created with the sole intention of learning about the different aspects of trading with XM Group, which should help our readers to comprehend whether to trade with XM Group or not. We take a close look at the various XM Group Forex brokerage accounts, trading offerings, bonus packages, regulatory licenses, and other aspects of the company that is detrimental to your trading career.
Often, brokers will have a mix of both positive and negative reviews from multiple online sources, but XM Group is one of the very few brokers that has a high rate of customer satisfaction among existing clients. XM Group seems to be acquiring mostly positive XM Group reviews from different categories of clients, which is clearly a great indicator of the broker’s commitment towards maintaining excellent customer satisfaction. If XM Group customers have any grievances, they are quickly resolved through live chat or through emails, where all problems are resolved amicably. Let us take a closer look at the different XM Group account offerings and other trading features.
XM Group Account Options & Trading Packages
XM Group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads and a level of maximum leverage that can reach the 1:30.
- The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.
- The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.
- The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded.
- Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50. Note that the XM Ultra Low account is not applicable to all entities of the group. Account availability depends on the clients’ country of residence.
All the three types of trading accounts have their unique benefits and downsides, with the ECN account being the best pick of all account offerings. The Micro and Standard accounts have fixed trading conditions without any commissions or other ECN drawbacks such as slippages and price fluctuations, but the Micro account is a market maker account where all orders are transferred between clients internally. The Standard account offers the best compromise between the Micro and the Zero accounts and is suitable for both small traders and professional money managers.
XM Group has been successful in designing their Forex trading products according to the general trading consensus, which is partly responsible for their success in the market. XM Group accounts are simple, efficient, and seamless, which makes it easy for traders to choose their trading account according to their preferences.
XM Group’s Regulatory Compliance
XM Group has a strong presence in Europe, Asia, and Australia, with all regulatory licenses issued by the CySEC, the FCA, and the ASIC. XM Group is protected by the European MiFID and the European Economic Area Agreement, where all European Forex brokers and other financial companies are regulated according to a standard regulatory framework. Therefore, traders from Europe, Australia, and even from the rest of the world can enjoy an incredible amount of protection that guarantees the safety of an investor’s trading capital. Excellent regulatory protocols also ensure that the broker does not indulge in any fraudulent activities, or in any other scams that may lead to a conflict of interest with its clients.
The FCA and the CySEC offer comprehensive insurance to its traders that protect their trading from any broker issues such as bankruptcy. The FCA’s Financial Services Compensation Scheme and the CySEC’s Investor Compensation Fund are in line with the current European regulatory guidelines, which are designed to offer a sense of security and confidence to traders while investing their funds with a Forex broker.
What Is The Maximum XM Group Forex Bonus Available For Your Deposits?
The bonus amount is credited as a trading credit, which will be removed as soon as the trader applies for withdrawal. The bonus in itself cannot be withdrawn, but all the profits made using the bonus money is added directly to a trader’s capital.
*Trading bonus and Loyalty program are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
XM Group clients can also take advantage of the loyalty program, which accumulates a certain number of bonus points according to the number of lots traded, which can be redeemed for trading credits or as a cash bonus that can be withdrawn without any restrictions. XM Group has also gone ahead and removed all fees that are incurred while making a deposit, which means that a trader can utilize his entire funds for trading from the outset. Most brokers charge a nominal fee for all deposits and withdrawals, which are to be paid directly to the payment processor. XM Group, on the other hand, has decided to waiver of all fees for deposits, but withdrawals are charged at existing rates as applicable.
- Company Information
- Founded In: 2009, 2015, 2016
- Website: www.xm.com
- Headquarters: Limassol, Sydney, London
- Licences: FCA, ASIC & CySEC
- Instruments: Forex, Stocks CFDs, Energies CFDs, etc
- Trading Features
- Welcome Bonus: $30 No Deposit
- Max. Leverage: 1:30**
- Min. Deposit: $5
- Trading Signals: Yes
- Mobile Trading: Yes
- Automated Trading: No
XM Group Mobile App Trading Experience & Other Trading Platforms
XM Group only provides the MT4 and MT5 as the standard trading platforms for all accounts. Traders can use both for all desktop and mobile trading purposes by downloading the MT4 & MT5 apps from their respective apps stores. XM Group trading platforms for the desktop interface is available on the official XM Group website, while XM Group mobile apps are available for download on iOS, Android, and Windows stores. A trader can log into any trading platform using a single global login key, which makes it easy for traders to access their trading accounts on the move.
XM Group is certainly a viable option in the market that offers the best trading conditions, an amazing trading platform, and a great sense of security for your trading funds. XM Group is certainly one of the best Forex brokers in the market for a safe and protected Forex trading environment.