As part of our XM Group forex broker review, we investigated the background of the company and its owners. XM Group was first founded by Constantinos Cleanthous under the name Trading Point Group. Since then, Tasos Anastosiou has taken up the role of CEO, and Ilias Mavrommatis is the company’s Managing Director. Our experts were happy to find this information is readily available, as it shows that the company is transparent. For forex trades, the rollover fee depends on what kind of position is being taken (i.e. long or short) and the difference of rates between the currencies within the pair. With stocks and stock indices, the fee depends on whether a long or short position has been taken.
- XM outperforms many brokers by executing 99% of trades in under one second, without requotes or rejections.
- Each arm of the broker is regulated under a different trading name but don’t worry, XM Group does own all of these licenses.
- XM’s customer support team is well-trained to handle a variety of concerns, whether it’s related to account management, technical difficulties or trading inquiries.
- Microsoft is frequently accused of using anticompetitive tactics and abusing its monopolistic power.
During this waiting period, it is possible to fund your account before it is live. Both platforms can be adapted to suit personal preference and there are 1,000s of additional tools available from third-parties. Spreads on the standard account, why they’re so wide, compared to ultra low. Cent account but the balance shows in Dollars I tried to find any other broker with this family and I could not find one. I think they can do much better with the selection of platforms for the PC because mt4 and mt5 is not enough I wanna try something like ctrader too. I would do improvements in all spheres, like improving spreads, more platforms and etc.
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In 2001, Microsoft released the Xbox, an electronic game console that quickly captured second place in the video gaming market. In 2002, it launched Xbox Live, a broadband gaming network for its consoles. In an intensely competitive market, where the Xbox faced strong pressure from the Nintendo Wii and Sony PlayStation, Microsoft struggled through the years to make consistent profits from its console. For example, in 2009, the company cut the price of the Xbox 360 Elite by as much as 25% in order to pick up market share.
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- To maintain security and compliance, XM enforces a structured withdrawal hierarchy.
- Our review of XM Group discovered that 100% of orders with this broker are executed, and 99.35% are executed within 1 second.
- Even if you only trade forex now, think about how easier it would be if you want to diversify in the future.
- For traders looking for a more advanced trading platform, MetaTrader 5 (MT5) offers additional features beyond MT4.
- With regional service teams in multiple countries, XM ensures clients receive localized assistance quickly and efficiently.
One of the standout features is the tight spreads, which can start from as low as 0 pips on certain account types, especially the Ultra Low Account. This allows traders to execute trades at minimal cost, making XM an attractive option for those who prioritise low spreads. In conclusion, XM Group has proven itself to be a dependable and client-centric broker that prioritizes security, transparency, and user support. As with any financial decision, it’s crucial to conduct thorough research and consider individual trading needs and risk tolerance before choosing a broker. Evaluating XM’s account types reveals a broker committed to providing flexibility and customization to its clients. The low minimum deposit requirements for the Micro and Standard Accounts make XM accessible to a wide range of traders, while the XM Ultra Low Account caters to those seeking the most competitive spreads.
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The XM Group execution policy is well respected and, since being put into practice in 2010, they have had no rejection of orders and no requotes at all. Our review of XM Group discovered that 100% of orders with this broker are executed, and 99.35% are executed within 1 second. Although the registration process is quick and straightforward, there are some details you’ll need to know before beginning the process. What’s more, to start trading, you’ll also need to verify your email address and validate your account by supplying documentation.
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We take pride in offering solid trading services and we are committed to providing the highest level of customer service possible. Once again, we apologize for any inconvenience that you may have faced and look forward to hearing from you soon.XM Team 🚀BIG. With its low minimum deposits, tight spreads, and zero commissions, XM offers exceptional trading value. Whether you’re a casual trader or managing high volumes, XM provides cost-efficient conditions that support both profitability and risk management. XM stands out with low-cost, commission-free trading across its account types.
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. They can give you negative balance protection which means that you are not at risk of losing more than the account balance. You just need to open an account with the correct entity to be eligble for this. Yes, XM is suitable for beginners due to its user-friendly trading platforms, extensive educational resources, and responsive customer support.
XM may charge overnight financing fees for holding CFD positions overnight. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com.
XM Group markets and products
The MetaTrader 4 platform provides cutting-edge conditions for both demo and real trading operations on PC/Mac OS, iPhone, iPad and Android. The advanced features of the mobile trading platforms are a significant plus point for XM. Apart from free and unlimited demo accounts with a virtual currency of $100,000 for beginner traders, XM Group offers three types of live trading accounts.
The intuitive MetaTrader 4/5 platforms and proprietary mobile apps provide a seamless trading experience across devices. I believe that XM Group understands that clients want fair and transparent trading conditions with the lowest possible spreads and fastest possible execution. This combined with strong regulation and a human approach, makes XM Group one of the best trading brokers available to traders worldwide. I have had an account with them for many years and they’ve never let me down. This is a great way to get feedback from industry professionals who know what matters the most to traders. There are different trading platforms and flexible trading conditions provided for you to choose from, depending on your needs.
However, this does not imply endorsement or recommendation of any third party’s services, and we are not responsible for your use of any external site or service. Invest-hub and its staff, executives, and affiliates disclaim liability for any loss or damage from using the site or its information. XM Group offers a diverse array of tradable assets, catering to the varied needs and preferences of its global client base. With over 1,500 instruments across multiple asset classes, XM provides traders with ample opportunities to diversify their portfolios and capitalize on market movements. As the broker provides opportunities for both types of traders, whether they want to bear commission with zero spreads or do commission-free trading with avg spreads. If you are looking for a broker with commission-free trading and the tightest spreads at the same time, Admirals might be an option for you to consider.
This option provides traders with an opportunity to invest in specific companies without the need to own the underlying shares. XM Group offers a wide set of educational resources for traders of all levels. XM Group offers a wide range of deposit and withdrawal methods to accommodate traders across different regions. XM Group provides several account types to comply with different approaches and styles in trading. XM offers customer support in over 30 languages, including English, Spanish, French, German, Italian, Arabic, Chinese, Japanese, and Russian. It demonstrates XM’s commitment to operating transparently and adhering to strict financial regulations across jurisdictions.
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Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes https://forex-review.net/xm-group-review/ content is researched, fact-checked, and edited by the research team.
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