An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Founded in 2009, XM Group has established itself as a prominent player in the forex and CFD trading industry.
- Leverage depends on the financial instrument traded and on client’s country of residence.
- Their attention to detail and quick turnaround time gave us a significant advantage in bringing our product to market ahead of schedule.
- While some negative reviews cite issues with slippage and account closures, many positive reviews praise XM Group’s customer service and trading conditions.
- XM provides CFD trading, which allows traders to speculate on the price movements of these assets without actually owning them.
- You simply fill out the brief online registration form, verify your email and upload your identification.
- Traders can access interactive courses, expert insights, and daily trading signals to enhance their skills.
“best broker i experience”
XM Group is a globally established and regulated online trading broker. They are one of the best brokers for day trading from my experience. You can get instant access to no-requotes, tight spreads, fast execution speeds, low commissions, and negative balance protection.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. Cent account but the balance shows in Dollars I tried to find any other broker with this family and I could not find one.
With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices. 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.
We have over 20 years of experience when it comes to trading online so we know what to look for. This is great for those of you who are fans of auditory learning methods and perhaps less boring than reading complex trading guides. The main difference between MT4 & MT5 is that MT4 does not offer trading on stock CFDs and MT5 has slightly more features and functionalities in comparison. However, if you just want to follow price activity whilst placing and managing trades with ease, then MT4 should be fine. On the other hand, if you want to build more complex trading strategy templates, then you may prefer the extra indicators, timeframes and tools that are included with MT5.
Tight Spreads
Below our experts have outlined how fees are applied to each asset class so that you can correctly calculate how much your trades would cost. Take advantage of our promotions and demo account to practice risk-free. Master the markets with insights from our team of more than 70 expert educators and free educational resources. Steven Hatzakis is a well-known finance writer, with 25+ years of experience in the foreign exchange and financial markets. He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries.
Min. Deposit
XM Group offers five different account types for you to choose from, depending on your country of residence. Our XM Group broker review team found that each account type is suitable for different budgets and trading aspirations. In the table below we’ve highlighted the main features of each account type and where it is available so that you can compare them with ease.
XM Group trading platforms and tools
This section of our XM Group broker review looks at the available research tools. Our experts were not disappointed, as XM offers an array of research tools to ensure you get the most from your trades. The broker offers analytical video content, created by an in-house team of trading experts, as well as trading signals, economic calendars, news, and technical analysis. Compared to other brokers, XM Group’s tools stand out due to their clear and intuitive nature.
3 Billion trades have been executed on XM Platforms.
- The margin call and the stop-out levels are 50% and 20%, respectively.
- XM provides comprehensive news and analysis to keep traders informed about market movements.
- The broker offers negative balance protection to all its retail clients.
This process allows XM Group to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices such as money laundering. Supply the broker with your date of birth and address (this should be the same as it will appear on your supporting documentation). Verify whether you are a US citizen for tax purposes, choose your base currency, and your leverage. If you’re looking for tighter spreads, you can opt for a Zero xm group review Account.
OUR OFFERING
If you are looking to trade cryptocurrencies with all other benefits, Markets.com might be a good alternative for you. TradingFinder.com assumes no responsibility for any potential losses or damages. Past results are no guarantee of future success, so make your financial and investment decisions with utmost care. No, XM Group does not accept clients from the United States, Canada, Israel, North Korea, and Iran due to regulatory restrictions. Select your country, enter your email, and choose a strong password. Accept the platform’s terms and proceed with “Register.” If you have a promo code, you can apply it here.
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. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection.
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