More than 700,000 clients located in 196 countries, more than 150,000,000 trades executed and never any requotes or rejections and a management team that has visited more than 120 cities worldwide to meet clients and partners. You’re no doubt wondering what it is about XM Group that has earned it such a reputation.
|Headquarters||Cyprus, Australia and United Kingdom|
|Established||2009, 2015, 2016|
|Languages||English, Japanese, Malay, Chinese, Chinese (Simplified), Greek, Hungarian, Russian, Indonesian, French, Italian, Swedish, German, Polish, Arabic, Spanish, Korean, Portuguese, Turkish, Vietnamese, Armenian, Filipino, Dutch, Czech, Iranian, Bengali, Thai.|
XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus and is regulated by CySEC with license number 120/10. Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters Sydney, Australia and is regulated by ASIC with license number 443670. Trading Point of Financial Instruments UK Ltd was established in 2016 with headquarters London, United Kingdom and is regulated by the FCA with license number 705428. If you choose XM Group for a broker you get the opportunity to trade more than foreign currency pairs. They also give their clients the opportunity to trade commodities, CFDs, equity indices, energies, and precious metals. And there are plenty of incentives including a 24/5 customers services desk, tight spreads, prompt executions, no commissions, flexible leverage up to 1:30, personal account managers, automated trading and a wealth of promotions and special offers.
XM Group offers 7 versions of the MT4 trading platform and MT5
For their trading platform, XM Group has chosen the popular MetaTrader 4 and MetaTrader 5, and it is available in 7 different versions.
- MT4/MT5 for PC
- MT4/MT5 for Mac
- MT4/MT5 Multiterminal
- MT4/MT5 Webtrader
- MT4/MT5 for iPad
- MT4/MT5 for iPhone
- MT4/MT5 for Android
Traders can be sure that however they choose to trade they will be supported. Clients can choose from any of the range and can be accessed using one account. Desktops versions can be installed and run using both Windows and Mac operating systems. And there are XM Group mobile platforms for smartphones and tablets, using Apple or Android operating systems. The Webtrader platform is accessible from any device with a web browser. Which means there is a suitable solution for whatever device or computer is being used.
XM Trading Accounts
If you’re new to Forex trading or want to experience what XM Group have to offer before investing real money then the demo account is the ideal choice. It allows newcomers to trade using virtual money and comes with no risk. There will be ample opportunity to test your trading strategy, learn more about how the market moves, as well as understanding how to place orders before you open one of the following real money accounts.
|Micro account||Standard account||XM zero account|
|Minimum deposit $5||Minimum deposit $5||Minimum deposit $100|
|Leverage up to 1:30*||Leverage up to 1:30*||Leverage up to 1:30*|
|Spreads as low a 1 pip on all majors||Spreads on all majors as low as 1 pip||Spreads on all majors as low a 0 pips, but there is a commission|
|No commission||No commission||Maximum open/pending orders – 200 positions|
|Maximum open/pending orders – 200 positions||Maximum open/pending orders – 200 positions||Minimum trade volume 0.01 lots|
|Minimum trade volume 0.01 lots||Minimum trade volume 0.01 lots||50 lot restriction per ticket|
|Hedging allowed||50 lot restriction per ticket||Hedging allowed|
|Islamic account an option||Hedging allowed||Islamic account an option|
|Islamic account an option|
*Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded and on the clients’ country of residence.
A wide range of payment methods are supported by XM Group. XM Group accepts the most commonly used methods such as Credit/Debit card, Skrill, Neteller, Bank Wire Transfer, etc. Most deposits will take place instantly, but there is a limit of $5 for electronic funding. Withdrawal requested are normally processed within 24 hours, but credit/debit cards and bank wires can take up to 5 days.
customer support 24 hours a day, 5 days a week
However good a broker may be, there will inevitably come a time when clients need to get in touch, so we always spend some time looking at the options. XM Group offer a number of phone numbers, depending on the query, and there is a support desk available 24 hours a day, 5 days a week. There is also a live chat option and a number of emails if you can wait for an answer.
On the whole, XM Group keeps its clients very well informed, and there is a wealth of information on their site. 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 favourable position.