Forex xm scam

With XM you get more than one trading account because the customer service is provided by many employees of the company.

Best forex bonuses

XM Forex Broker Review; Scam or not, forex xm scam.

Over 30 different languages are available in customer support. International employees also work for the company and help you around the clock. Use a telephone, email or chat support. XM guides you through the account opening process. There is a detailed and accurate step by step guide so nothing can go wrong. If you have questions, you can contact the support. In summary, opening an account is very easy and works in a short time.

XM forex broker review – scam or not?

Should you avoid the forex broker XM or is it actually a recommendable company? – on this page, we share our own experiences in the form of a test report on this forex and CFD broker. Learn about the terms and offers for traders in the following texts. Also, we will show you a step by step tutorial which shows you how to trade successfully. Is it worth it to invest his money or not? – inform now transparently.

The official website of the forex broker XM

What is XM.COM? – the forex broker presented

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 with headquarters in belize and it is regulated by the international financial services commission (IFSC/60/354/TS/19). The company was founded in 2009 and has since enriched more than 1.500.000 customers in over 196 countries. Even the broker is one of the biggest in his industry.

The goal is to give the customer a very fair and reliable offer for investing in international financial markets. Customer support is also a top priority for this company and is available in more than 30 languages. We will check this in the following experience report exactly. In addition, the broker is very active in distributing advertising and sponsorship. Especially for customers, the broker is even to be found at seminars or financial fairs worldwide.

XM offers trading in currencies (forex) and cfds on commodities, precious metals, energies, stocks, and indices. Currently, over 1000 different markets are offered to traders. The broker works as an intermediary for tradable contracts for difference. In summary, the offer is very large at first glance and also the company data prove to be trustworthy.

Facts about the FX broker XM.Com:

Founded in 2009

More than 1.500.000 international customers

Worldwide offices (cyprus, australia, belize)

Huge variety of assets

Support and service in international languages

More than 15+ award-winning forex boker

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Regulation of XM and safety of customer funds

An official regulation or license radiates trustworthiness and security. Every trader should find out about opening an account with a broker. The regulation is intended to push frivolous and fraudsters out of the market. Licenses require certain criteria and regulations that guarantee a clean and secure trade.

Another good impression on me is that XM has several licenses. In more than 4 countries, the broker is regulated by an official financial regulator. In addition, the company is registered in many european countries with appropriate supervision and has an EEA freedom to provide services.

In addition, customer funds are managed in different investment-grade banks. XM is only doing business with regulated payment providers. Also, the broker is a member of the investor compensation fund. XM does not trade versus its clients, which is forbidden through the regulation, and for more safety, there is negative balance protection.

XM is a highly regulated broker

XM is a very safe forex broker:

Regulation of official finance regulator in the cyprus (cysec), australia (ASIC), and belize (IFSC)

Member of the investor compensation fund (only for trading point of financial instruments ltd.)

XM does not trade versus clients

The client’s funds are kept in segregated client bank accounts

Negative balance protection

ESMA regulation

In 2018, the leverage for traded derivatives (forex and cfds) was massively restricted to 1:30 by the european financial services authority (ESMA). Brokers, which have a license in europe, are only allowed to offer this small lever to customers. This is a significant problem for some traders because certain strategies (such as hedging) can no longer be performed.

However, the leverage of 1:30 applies to clients registered under the EU regulated entity of the group. Leverage depends on the financial instrument traded.

Review of the conditions for traders

XM is very broad with over 1000+ tradable instruments. There should be no lack of choice here for a trader. As mentioned above, a variety of stocks, commodities, currencies (forex), precious metals, and energies are offered for trading. Especially stock trading is a huge advantage with XM, assets from more than 14 different countries are available.

In terms of trading platforms, XM relies on the world-famous platform metatrader 4 and 5. This is, in our opinion, one of the best software for private traders. We will give you a more detailed explanation in the section trading platforms.

Assets and markets of XM.Com

The terms of trading in leveraged financial products are, in my experience and tests, very good and competitive. XM relies on several different account types, which give a trader excellent conditions, depending on the capital strength. Spreads can start at 0.0 pips on the most traded markets. In addition, the execution is very reliable and there are 100% no requotes.

As a trader, you can start trading for as little as $ 5 minimum deposit or use a free demo account. In addition, there are different account types for every type of capital (more on that later). All in all, the conditions make a very positive impression on us and XM can be one of the cheap and reliable brokers.

Conditions for traders:

Spreads starting at 0.0 pips

Different account types

Maximum leverage is 1:30 for clients who registered under EU regulated entity

Maximum leverage is 1:500 for clients who registered under belize or ASIC regulated entity

Minimum deposit of 5$

Free and unlimited demo account

More than 1,000 different markets

regulation:	support:	assets:	special:
cysec, ASIC, IFSC	24/5 in different languages, webinars and training tutorials	1000+ (forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds, and energies cfds)	different account types

Test of the XM trading platform

As mentioned before in this review, the well-known trading platform metatrader in version 4 and 5 are offered. In our opinion, there is no better trading platform for private traders worldwide, because it offers many universal options. The trading platform is characterized by its flexibility and user-friendliness.

With the metatrader, you can adapt your trading to any trading style. The platform can be customized and even programmed. Whether long-term or short-term hands, the metatrader always delivers the right settings. Robots or automatic programs are also allowed with this program.

Trading platform available for any device

The advantages of the XM metatrader:

1 login and access to the web trader, app, and desktop version

Automatic programs may be used

No requotes

Rental of a VPS server possible

Complete video tutorial is available from XM

Charting and analysis for forex trading

Of course, charting and analytics are very important to successful traders. It is not uncommon that traders even need to access external software. This will not be necessary with XM, because the metatrader offers all-important charting and analysis options. Choose between more than 4 different chart types in the software.

Any timeframe (time unit) of the chart can be set for the analysis. The software also offers the right tools. Free indicators can be added at any time. There are also a number of drawing tools available. If that is not enough, you can program the indicators yourself or insert them externally.

Individually customizable tools

Free indicators

Big range of technical drawing tools

Mobile trading for any device

Another benefit of the software is that it is available for every device. Use the metatrader also on apple (ios) and android devices. Mobile trading today is a standard requirement for the trading software, as it is important to be able to respond to news from within. Positions can be opened, managed, or closed by your smartphone. Furthermore, you only need access to each device. With your account data, you can log in everywhere.

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Trading tutorial: learn how to trade with XM step by step

In the following section, we would like to give you a guide to trading with forex broker XM. In the picture below you can see the order mask of the metatrader. There are many different settings options for trade execution. The following points will tell you how the typical trading process works.

First, analyze one out of 1000 different markets/assets at XM and decide to invest or open a trading position. For this purpose, the fundamental analysis or technical analysis can be used. Metatrader offers enough tools and settings.

As you can see in the order mask, you can always bet on rising or falling prices. This is easily possible with forex trading and happens during CFD trading via short sale.

Now you have to choose the position size (volume) and the stop loss or take profit. All sizes are dependent on your planned risk. Choose specific price tags when to open and close a trade. The position sizes are given in lot (1 lot = 100,000 units of the base currency). Beginners should definitely use the XM forex calculator, which is available on the website.

The stop-loss stops you in a loss at a certain price (risk) and the take profit automatically closes your position at a certain price in profit. Learn to divide the profit-risk ratio.

Pending orders are another way to open positions. Place orders at specific prices in the market. If the market touches this price, your position will be opened (whether sell or buy).

Open your free account with XM

Next, we would like to look at the account opening in this review. On the website, it is clear that you can open a demo or live account directly. In a few minutes, the depot opening works according to the support. Simply use a valid email and other personal information. The email address must be confirmed after opening the account.

Free and unlimited demo account

A demo account is a virtual balance account. You can use it to try out all the features of broker XM and trade without risk. It simulates the real money trade with “play money”. It is also a great way for beginners and advanced traders to develop their own strategies or test of new markets.

XM offers a free demo account of over $ 100,000 in virtual credit. If desired, a currency other than the USD may be taken. This account can be used indefinitely and it is the perfect way to get practice with the broker.

Open your account in less than 60 seconds

How to open your real account

Once you have chosen XM, you can open the real money account. This requires more data. The broker also asks a few questions about your knowledge in trading before opening an account. You also need to confirm your phone number to ensure additional security for the account. Before the capitalization, the account should and should be verified. This is very easy with the upload of a passport and proof of residence.

XM guides you through the account opening process. There is a detailed and accurate step by step guide so nothing can go wrong. If you have questions, you can contact the support. In summary, opening an account is very easy and works in a short time.

(risk warning: 73.57% of retail investor accounts lose money when trading cfds)

Choose the best account type for you

XM offers the advantage of 3 different account types. It can be decided between the “micro”, “standard” and “XM zero account”. The account types are adjusted to the capital strength of the customer. For example, in a micro account, you can trade with very small position sizes (risk of a few cents). There is a separate cent contract size.

In the “standard” and “XM zero account”, there are normal lot sizes. The difference between these two accounts lies in the fees and the possible currency of the account. For example, you can choose 7 different currencies for the standard account and only 2 for the “XM zero account”. Spreads are much lower in the “XM zero account” and start at 0.0 pip. But you have to pay a commission of $ 3.5 per $ 100,000 traded. Overall, the “XM zero account” is still much cheaper than the standard account.

Micro	standard	XM zero spread
min. Deposit:	5$	5$	100$
currency:	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR, GBP, CHF,‎ AUD, HUF, PLN	USD, EUR
spreads:	1.0 pips	1.0 pips	0.0 pips
commission:	no	no	3,5$ commission per 1 lot traded
islamic account	yes	yes	yes

(XM also offers the XM ULTRA LOW account which allows you to trade with either micro or standard lots, lower spreads from 0.6 pips and it has a minimum initial deposit of $50. The XM ULTRA LOW account is not applicable to all entities of the group)

Should you choose fix or variable spreads?

Some brokers offer fixed spreads. This means that the spread (the difference between buying and selling price) is always the same. He is also not dependent on the market situation. The problem here is that usually high fees or insurance premiums have to be paid. In addition, it is difficult to guarantee fixed spreads, because the stock market does not work on the principle. Fixed spreads are generally unnatural.

XM offers the direct interbank spreads for your clients. This also has the advantage that there is no conflict of interest. The spreads are reduced to the lowest and you always get directly the current market prices. It is not better. XM is very transparent here and reaps a clear plus point for us.

XM always offers the best and tightest spreads

Do your first deposit

Now it is your turn to capitalize on the trading account. From our experience, this also works pretty fast. We will give you an overview of this section about the payment methods. You can use electronic methods or a classic transfer for the deposit. Using electronic methods (credit card, e-wallets, neteller, skrill) the money is credited directly to the account. Bank transfer can take 1 to 3 days. There are no fees for the deposit.

Review of the withdrawal

Another important point of a good broker is a quick and easy payment of client funds. It is not uncommon for a broker to experience difficulty in paying large sums and delays.

This is not the case with XM. The company is always liquid and makes payments in less than a day. The fees are to look for in vain. The only fee that can be incurred if you pay less than $ 200 by bank transfer. From my experience with XM, you are with a very secure broker who treats client funds with the highest confidence.

The conditions for payments:

Credit card (VISA, VISA electron, mastercard, maestro)

Electronic wallets (neteller, skrill, and more)

Bankwire

Minimum deposit 5$

Withdrawal within 24 hours

No withdrawal fees (except bank wire under 200$)

Is there a negative balance protection?

Cruel stories about account balances thanks to the extra payroll haunting the internet. Many traders are afraid of additional funding and would like to act without them. These concerns are completely correct.

With XM.COM there is no additional payment obligation. The balance can not end up in a negative balance. The broker will automatically stop all postings before. Should the account balance become negative anyway, XM will compensate him (very unlikely).

XM support and service for traders tested

With XM you get more than one trading account because the customer service is provided by many employees of the company. Over 30 different languages are available in customer support. International employees also work for the company and help you around the clock. Use a telephone, email or chat support.

For example, you can also access professional training and webinars. The webinars are held almost daily and are accessible to every customer. There are also daily market analyzes and even signals to trade. Another plus is the personal account manager from XM. Each customer is assigned an employee who is available for questions and suggestions. It tries to find the best deal for you personally as a trader.

In summary, we can say from my experience that the analyzes offered, etc. Are very well applicable for their own trade. Beginners and advanced traders can expand and improve their knowledge for free. In addition, the service makes a good impression on me.

Facts about the service:

Personal account manager

24/5 support in different languages

Daily webinars and analysis

Service for beginners and advanced traders

Conclusion of the XM forex broker review – scam or reliable company?

XM can hold its own in comparison to other brokers and gets a very good rating from me on this page. With several licenses and regulations, the company exudes a high level of security and trustworthiness. In addition, client funds at XM are managed separately from corporate funds, which eliminates a conflict of interest.

Overall, the broker with its over 1000+ markets offers a very large offer for private traders. Take, for example, markets from distant countries. The portfolio will also be supplemented by the new markets. The metatrader trading platform is also perfect for analyzing markets and opening trades. Diversity for customers is 100% guaranteed by this broker.

Another advantage is the terms of trade and in the deposit and withdrawal. The fees are so low that XM can count to one of the cheapest brokers. The positive features of the company are rounded off by customer support. At XM, you not only get technical help but also a great way to educate yourself in the trade.

The advantages of XM:

More than 1000 different assets

A regulated and safe company

Cheap trading fees

No hidden fees

3 different account types

Metatrader software

Professional support and service

Accept international customers (europe, africa, indonesia, asia, india, china, and more)

In summary, XM is a recommended and trusted forex broker. We highly recommend this company after our test. Happy trading (5 / 5)

XM reviews and comments 2021

I've been trading on XM and there trades lag whenever I have made profits that are half the money I used to fund my account. The lag is for a minute or two. By the time the lag ends i would be in the red- with a blown account. I'm shutting down XM. XM trades against you.

They took money without my permission send via BTC to another account that is not belong to me. Choose very carefully your broker, I do not recommend to use XM.

Faruk 24 december, 2020 reply

I made a withdrawal over a week ago and i still haven't received my money in my bank account. But the deposit takes a mater of few seconds to happen. I'm very unhappy with that i can't get money back now. Called the bank and they said no money has been sent to my account from XM. Stay away from this broker. It will end in tears.

Thabanag 24 november, 2020 reply

I wish I came to this review site before I started trading with with those scammers. I was trying to withdraw R1800 today and was told i violated rules. They use people to trade for them and steal their money when we try to make withdrawals.I wanna sue them or something. Why aren't we doing anything about this we all have the same complaints.

XM for me is a genuine broker. First they offer 30$ bonus and trust me this is the best in the industry since they have a very few conditions to meet for profit withdrawls. Second, they dont charge any % for all deposits and withdrawals and moreover the withdrawal are very fast as compared to other brokers. They have a very huge options for CFD tradings. Overall, I have used XM for 5 years now and I am a very happy client. I also use fxpro and hotforex sometimes, they are also better.

Sanjog 24 november, 2020 reply

They will offer you a free $30 no deposit bonus and the account become profitable you will received an email that you violated rules without an explanation. If you asked their chat agent you ended up talking to a robot.

Jess 23 november, 2020 reply

Please read the T&S properly,

Sanjog 24 november, 2020

I got the bonus traded and made $61 profits then the moment I withdrew it I got an email that said I have viloted section b of the terms and conditions of the broker.

Philani 29 november, 2020

I opened a standard account with xm and the spreads for currency pairs are way too high. Then I opened an ultra low account still all I see is fixed spreads but when you review their services they say they offer tight spreads.

Kevin rakuba 12 november, 2020 reply

I haven't recieved my withdrawal, it's been a whole week (7 days) now. XM isn't a trustworthy broker for real. The transaction says "approved" but there is no action that has been made. They're 100% scammers.

Siphiwe 30 october, 2020 reply

Siphiwe, did you finally get your money? Your response is crucial because I want to fund.

Forex gump 15 november, 2020

I withdrew my money and xm decided to terminate my account and took all the profits I made now I have nothing on my platform. Xm is a broker you no longer have to trust.

Sarah 29 october, 2020 reply

I withdrew 2 times, I did not receive my money even today.

Sithembiso 23 october, 2020 reply

Try withdrawal using the "local bank transfer" option, it's works for san bank accounts, you won't regret it.

Pieceofmind 23 november, 2020

XM closes my trades while I'm still making profits.

Pablo 19 october, 2020 reply

I have deposited my money in xm. But in trading sl and tp don't work. They guide to use lots from 0.10 and above no low that. Bad broker ever.

Max 16 october, 2020 reply

Xm didnt't allow me to place more than 2 oders. Stop loss doesnt work, even take profit.

Western 7 october, 2020 reply

Xm closes my winning trades, bad broker, don't trust them.

Rafikie 2 october, 2020 reply

Xm automatically closes all your winning trades, but keeps your losing trades running. Run away from xm.

Manolis 30 september, 2020 reply

Have been currently a xm client for a year now. I am disappointed. With xm I have blew my account for the 10th time but with my other broker I am making profits. When I ask them what's going they say they are not incontrol of the market. I have been losing since i used xm. It looks convinient but its nonsense broker. They manupulate the market. You dont make profit with xm. Can someone please help me report this, am fed up.

Angry client 29 september, 2020 reply

Where are you trading angry client? Which other broker?

Imran 29 september, 2020

Bad broker ever. I have been waiting for my account validations for over 6 days now. But my deposits took less than 5 mins to proceed and again. Their support team takes more than 24 hours to reply your complaint. Do not use that broker!

Bless 23 august, 2020 reply

Never deposit while waiting to be validated you might be declined and you will never get your deposit.

Yamkela 23 september, 2020

XM is most fraud broker I ever seen. I deposited two times but they never add that money for trading. I contact them by mail but they denied that they got payment. My bank told me that payment transfer into their account successfully. I am very upset becouse of this fraud. Don't trust XM.

Deepak sharma 29 july, 2020 reply

Well then you need to ask your bank for the code numbers for investigation and send it to XM to open a investigation that will take only a few days.

Filipe pereira 1 august, 2020

Don't trust the XM. They will never add your money in account. I deposited two times but they denied. Transactions was successful and I sent them statement more than 5 times but they stole my money.

Deepak sharma 29 july, 2020 reply

I've been using xm for years but I haven't encountered any problem with my deposit nor withdrawal.

Lyn 7 september, 2020

Same here! I've been doing the same thing now from half a week. They have no intention of refunding my $500.

Sachin 21 october, 2020

XM is not a good broker at all. Just yesterday I tried to withdraw my profits from the $30 credit and they rejected it. Then later sends an email advising that i have violated the terms and conditions of the bonus "participation of intermediaries/related parties" in the "no deposit trading bonus scheme" is prohibited. If the registration and/or trading data of a participant in the "no deposit trading bonus scheme" corresponds with the registration and/or trading information, including but not limited to the IP address, of another participant in the "no deposit trading bonus scheme", XM reserves the right to regard this matching as a reason for immediate disqualification. Now why is this not mentioned while I'm busy trading? I have asked for proof of violation and nothing. I've never had a bad experience with brokers before. XM takes the cup.

Same thing happened with. I asked them attach proof of the violation that occurred. Cause I've never any information with anyone, how can they proof I did that. They should give proof of how they concluded I shared any kind of information. They keep sending me an automated email saying: dear valued client, we thank you for choosing XM as your trusted broker. Regarding your concern, please have in mind that you received an email from us explaining the status of your account, and we kindly ask you to check that email and to have it in mind for further information. Should you have any further questions, please do not hesitate to contact us. Wishing you a great day and successful trading! This is all they've got say. None of my questions are answered. They are scammers of life this one. Do not trust this broker at all

Miss P 14 october, 2020

Many bad reviews are from ignorant lazy people. I've been with xm for 1.5 years and I prefer it. I withdraw into my bank in 2 days with no issues. I do what i want in my style and no issues. The only thing i dont like is that here in indonesia a lot of forex websites are banned even if well regulated. Even with vpn sometimes takes a few tries to open website, makes you think the broker went down. XM is involved and legit. Be informed and stop whining.

Don't think because you haven't experienced problems yet with xm and now other people's complaints are not legit. Stupid!

Baruch 7 october, 2020

People from different countries are treated in different ways there. May be that's why many are facing these problems.

Sachin 21 october, 2020

I don't know if this broker is a scam, I almost had open account in XM, but after reading lot reviews, a lot people complain about, actual this broker seem kinda popular and genuine trustwith, have a very good webpage and all, it seems 100% legit! If lot people feels scam by this broker, how comes it still legaly and operating after 10 year of existence, kinda strange in my opinion, but I still got my doubts and after reading lot complains about it, and decide not open an account in this broker!

I'm thinking of opening an account. XM should respond to all complaints and be transparent.

Gilbert 3 october, 2020

To those who claim to be happy with XM, why aren't you sharing your methods of withdrawing funds from trading accounts to bank accounts without having issues, which is the most mentioned issue here.

Disappointed trader 22 june, 2020 reply

The problem is not from the broker or the bank who didn't accept the withdrawal, but I talk with them and I got it most of time they don't accept ot just like that from first time.

Ayman 3 november, 2020

Thanks for all the honest reviews, I was about to open an acct in XM, until I read all these bad reviews, I would suggest to report these to the regulatory authorities.

I was recently scammed by XM. I am a first time real account trader and XM was recommended if you want to start off risk free. Ive done my due dilligence but XM was 50/50. I tried withdrawing to my skrill account but i had complications with skrill so i had to cancel. I tried to withdraw again and all my money was gone. I get an email saying things i literally dont understand. Dear valued client, we are contacting you with reference to your account(s) no. 57048994,4875388 (your account(s)) at XM global limited. The trading patterns in your account(s) raise serious concerns regarding the credit bonuses we have granted to your account(s), since these were used for cash-back arbitrage activities. Pursuant to the terms and conditions applicable to our credit bonuses, the following activities are qualified as follows: any form of arbitrage trading. Bonuses claimed by multiple accounts that were registered from the same IP address. Various practices of bonus manipulation. Breach of any points included in our bonus terms and conditions. Any fraudulent activities, disputes or situations that our management considers as fraudulent. Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to, (i) close your account(s) with trading point, (ii) to nullify all trades carried out in your account(s) with trading point, and (iii) to cancel any and all profits or losses garnered in your account(s) with trading point. Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, there will be no further correspondence on this matter.

Collins echefu 10 june, 2020 reply

When you make profit they will send you emails you won't even understand telling you that your trading raise some concern and they are closing your account and you won't even get your profit only initial money. I will not recommend this broker to anyone.

Thanks for the people giving comments based on their experience. I am looking for some honest broker, and its difficult to find one. Mostly I see all the brokers are cheating someway or another, eiher in spreads, or in charging, or in withdrawals and reluctant to give you back your hard earned money. Can any one suggest good honest broker here plz. Appreciate it.

Imran 29 september, 2020

Xm is one of the best brokers i know. I've been using them since 2015 and i'm a profitable trader. All brokers have stories but xm ena de less drama. I love you xm you made me who i am today.

I'm so disappointed on xm. I requested a withdrawal on 24/09/2020, it's been 2weeks I still have not received the money.

Sibu 7 october, 2020

Xm is a very bad broker, when it comes to withdraws they only give me the money i deposited and leave the profit i made.

Pfanani 23 may, 2020 reply

I made a withdrawal the beginning of april till this day I haven't recieved my money

Customer service is shocking, they refuse documents for account validation then don't tell you why they refuse, you send them a email and then you get a computer generated reply! More then willing to take the deposit but you cant trade or withdrawal until you have validated your account!! I sent the same documents to my offshore bank and they accept but XM. They take 24 hours to reply to one email so make sure it has all the information you require.

Never trade gold with xm. They freeze the price just has you about to go into profit by 6 pips and release when price is back. I did record it live next to another platform of mine. They refuse to give me answers. Bad broker only good for taking your money fast.

I scalp gold on m1 and m5 in illiquid times on xm and besides possible low internet connection, this has not been a problem for me.

XM is the worst broker i've ever experienced. These people claim to be the most legitimate company with so much awards but if you haven't used it yet I advice you with all my heart to stay away from them. First the deposit is one of the most fastest way I've seen & takes only 1 min. But withdraw to give you back your money is another story. I've withdrawn money after talking to them via live chat asking if I can withdraw using alternative methods, they said I can only do that if the money is profit above the initial deposit. Last week I withdrew 2 times but it never used the alternative method but instead they sent me an email saying the money is sent to bank. They claim it takes 2-5 business days. This is the second week complaining about my money with no sign of arrival what soever. When I try to chat them, they try to give me unnecessary reasons just for you to give up on your money. I claimed for my account manager to call me he refused to call at all. Up to this day idk what to do my money disappeared out of nowhere. The most saddest part is that I still have funds on their trading accounts that I truly want to remove from there as fast as possible but I cannot because two withdraws haven't even arrived to my bank yet. XM, you're not doing business in a professional way, you don't want to lose a single penny from your accounts. But guess what? I will not tolerate this, I will not give up claiming for my cash, I'll do whatever necessary wether legal or illegal to get my money. Do not think clients can just give up their money just like that. You'll not rest until you get to do your promises and business right. Once all my funds are out of your hands I'll leave you in peace. I sincerely regret working with you and I advice any other new client to not deposit because once the money is there, the return is almost to impossible. This review is from the bottom of my heart as a client for 1 & half year. My review is clearly below zero.

Manzi emery 27 april, 2020 reply

Forex reviews and information about brokers outspoken by their clients are valuable sources that give the trader an idea whether trading with a certain company is to be profitable or not. Once you are interested in trading with XM and would like to know if the official broker's information and their activity profile correspond to the facts, it is useful to read reviews about XM. These reviews have been written by either former or present-day clients who've described their positive or negative experience of trading with the broker, advantages and disadvantages of this company. All these attestations are different, and if you wish to add your comments, say, about improper client service of a broker or to underline their positive sides, this section is for you.

Reviews about XM might be of good service to the new forex traders who are yet hesitating which forex broker to opt for. The information featured in this section is judgmental and cannot be taken as an instruction manual; however, it is definitely useful and can help you understand if the broker matches your personal criteria. The topics of reviews can be very different; it is not prohibited to express an opinion on any forex trading issue. At that we expect our site visitors to be of decent conduct and to follow the moral standards.

XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by.

XM review

Trading point of financial instruments

XM group is a group of online brokers. XM group offers the MT4, MT5 and webtrader currency trading platforms. XM.Com offers over 55 currency pairs and cfds on stocks, metals, commodities, equity indices, and energies for your personal investment and trading options.

Former websites of this broker include trading-point.Com.

Other websites related to this company include xmtrading.Com, pipaffiliates.Com, xmarabia.Net, XM.Co.Uk, xmsina.Com.

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XM.Com profile provided by chris zacharia, mar 28, 2017

XM is a forex broker. XM offers the metatrader 5, metatrader 4 and mobile global forex trading top platforms. XM.Com offers over 55+ forex pairs, stocks,cfds, equities, indices, metals, and energies for your personal investment and trading options.

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Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: 6-12 months

XM.Com is the worst broker in the world.. They have the worst service.. Provide a high leverage & out to steal your money.. I have an ongoing dispute with them which remains unresolved.. They refuse to give me a case number to refer my case to the cyprus securities and exchange commission (cysec) (licence number 120/10), international financial services commission (IFSC) (license number 000261/106), financial conduct authority (FRN: 705428), australian securities and investment commission (AFSL 443670). I still await a resolution to my dispute.. They are the worst broker ever.. Do not support or deposit funds with these thieves.. They offer an addictive & destructive product.. Stay away from them. I want my $35,000!!

Apr 23, 2020 - 1 star good day,

Hope this email finds you well.

The cyprus securities & exchange commission has asked me to provide it with a CIF reference number to lodge a case.

To date i have not received a CIF ref number in correspondence?

Please provide me with a CIF ref number?

At no point did xm.Com refer me the the cyprus securities & exchange commission.

Attached is my complaints to be lodged to the cyprus securities & exchange commission.
.
Kind regards

#noresponsereceivedfromxm do not use xm.Com as you will loose you money like me! XM.Com #the kings of ducking and diving

I am in $35,000 of credit card debt because of xm.Com

Be warned, they are the worst from my experience!

Reply by chris zacharia submitted apr 30, 2020 dear moey007,

First, I would like to inform you that the trading account provided is under XM global limited and therefore, your business relationship is with XM global limited. In view of the latter, please bear in mind that XM global limited is authorised and regulated by the international financial services commission ("IFSC") and as such, the cyprus securities and exchange commission ("cysec") is not the competent authority to review your complaint.

Notwithstanding the above, please note that I have investigate the issue and I can confirm that an official response has been sent to you by the relevant department of our company in relation to the subject matter, via email, on 21/05/2019, on 25/02/2020 and on 28/04/2020.

In this respect, I would like to stress the fact that the issue you are raising in your emails concerns only you and the relevant third party and our company cannot be considered a party or that it is involved in any way in the dealings/relationships its clients may potentially have with any third party.

In view of the fact that our company is not, in any way, involved in the subject matter, I can conclude that there is no basis to raise a complaint against our company and I can reject your claims that you have not been properly assisted by our personnel in regard to this case.

Super legit platform

I have started trading with real money on december 7,2020 and at the end of the month thursday 31 my account was up approximately 53 % .

Everything is working more than expected. And if there is more than five starts for evaluation I will give them all the starts in the sky. What a wonderful company .

They are very honest and sincere and think of clients more than themselves. Any question I ask I get a prompt reply from professional works that really appreciate to help you make money as they earn money too. It is a win win game.

In short, there is no company as good as xm.Com it is really the business itself.

Deposit easy, but its difficult to withdraw

I ve been trading for 2 months use XM broker, yesterday as i want to withdraw quite large above 3000usd suddenly they ask for scan of my bank account with my name on it, i understand that this is for security.

So I sent them as they request, but then they reply I need to sent from my registered email. Now the registered email using gmail that has dots, they receive my email without dots( so they assume its not registered how come since they sent all the daily confirmation to my same email address)

So i ve already change the email with dots and until now there is no reply from them

I just got info that XM has been awarded with best global forex 2020, and I hope they act like one

Length of use: over 1 year

I am utterly disappointed with XM, yesterday they recorded a lower price compared to other platforms and brokers. Due to this irregular behavior and price move, my positions were stopped out and thus disrupting my day, throwing me off balance completely.

Can anyone let me know if such behavior is possible? Customer support always gives you generic response, the feeling of helplessness when you discover your broker does not have your best interest at heart is devastating.

I am now convinced that perhaps I should look for another broker.

I am new to FPA, but I have been looking at the site for a long time, I saw the alerts about xm, but as I had support in portuguese I decided to take a chance, I figured that the problems described might not occur to me!
It was a big mistake on my part, i made some deposits, and i went through unsuccessful operations i lost a good amount of money at xm, so far so good, they are not to blame for that. When I finally make a new deposit and I have a "good" day, I deposited 100 and made 105.71 of total profit 105.71, I thought I will make a withdrawal and continue using the broker, that's when my headache started, I asked for the withdrawal via neteller, in which I had already deposited an amount, my withdrawal was denied and I was asked to withdraw via an astropaycard which had been the method of my last deposit, I went to the chat to complain, because I know about the money laundering law, I should be able to withdraw a part by neteller, after much discussion I was informed that I should withdraw by astropaycard, I accepted and withdrew, but in just 2 minutes after leaving the chat the following email arrived:

Important news
dear client,

We are contacting you regarding account (s) number 40025313 ("your account (s)") maintained at our company.

The trading patterns in your account (s) raise serious concerns regarding the trading bonuses credited to your account (s), as these were used in “cash-back arbitration” activities.

In accordance with the terms and conditions applicable to our credit bonuses, the following activities qualify as "cash-back arbitration":
any form of commercial arbitration
bonuses claimed by multiple accounts that have been registered using the same IP address
various bonus handling practices
violation of any points that are included in our bonus terms and conditions
any fraudulent activities, disputes or situations that our company considers to be fraudulent.

Given the fact that your account (s) trading patterns do not comply with the terms and conditions of the respective trading bonus program, we regret to inform you that any bonuses previously assigned to your account (s) will be deducted, with immediate effect and your account (s) is / are not eligible to participate in any future trading bonus programs.

Please note that our decision on this matter must be considered as definitive and binding on all participants and that, in addition to the notification set forth hereinafter, no further correspondence will be made on the matter in question.

I know that there are people who abuse the bonus programs, but it is not my case, I would be very happy if XM pointed out a concrete proof to the FPA, because accusing customers of having broken the rules at random is very easy for them to steal customers ! And all this happens only when you ask for a withdrawal! While I was losing money with them everything was great, everything was beautiful, it was me having a small profit that started this antics!
It is not a large amount, but note that in the current situation it is complicated to keep losing small amounts! The worst is the feeling of helplessness that we have when dealing with these scams!

I have further investigated the issue raised in your review and I can confirm that it was correctly decided that you will no longer be eligible to participate in any trading bonus programs, due to the nature of your trading activity.

Particularly and for your better understanding, please note that the trading patterns and trading behavior in your trading account(s) held with our company indicated that you were exploiting arbitrage opportunities. As you were accurately informed by the relevant department of our company via email, any actions taken in relation to your trading account(s) were fully in line with our company’s controls and procedures. At this point, I would like to stress the fact that no adjustments were performed to your trading account(s).

In view of the above, kindly note that the same trading conditions will apply to any new trading account(s) registered with our company. In this respect, I regret to inform you that your request to remove these trading conditions from your trading accounts is rejected.

I hope that the above information explains what has occurred, and I would like to assure you that it is not our wish to trouble our clients and further confirm that we always abide by the client - company agreement which governs our business relationship.

XM group broker review 2021

Platforms

Tradable assets

Spreads

Customer support

Credibility

Fully regulated by cysec, FCA and ASIC

Forex islamic accounts available

Over 20 supported banking methods

Unlimited demo account

$5 minimum deposit

Introduction or skip content and read the bottom line!

XM group is a group of regulated online brokers.

Trading point of financial instruments ltd is established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec), trading point of financial instruments pty ltd is established in 2015 and it is regulated by the australian securities and investments commission (ASIC) and trading point of financial instruments UK ltd is established in 2016 and it is regulated by the financial conduct authority (FCA).

They are highly regarded for offering a range of MT4/MT5 platforms across various workstations but is this the only advantage that they have?

Let’s get down to business!

XM group overview
founded	2009 – trading point of financial instruments ltd 2015 – trading point of financial instruments pty ltd 2016 – trading point of financial instruments UK ltd
platform	MT4 for PC, MT4 for mac, MT4 multiterminal, MT4 webtrader, MT5 for PC, MT5 for mac, MT5 webtrader, MT4 for iphone, MT4 for android, MT5 for iphone, MT5 for android, MT4 for ipad, MT4 for android, MT5 for ipad, MT5 for android
minimum account size	$5
minimum lot size	0.01
tradable assets	300+
maximum margin	1:500
spread on EUR/USD	1.8 pips
payment methods	multiple local payment methods
demo account	unlimited time
accepts US traders	no
regulated	FCA (UK) – trading point of financial instruments UK ltd (XMUK) ASIC (AU) – trading point of financial instruments pty ltd (XMAU) cysec (CY) – trading point of financial instruments (XMCY)
support	phone, fax, email, live chat
website	www.Xm.Com

Registration 10/10

XM supports traders from most countries and there are only a few exceptions such as the USA and canada.

If you’re unsure if they will accept clients from your country, you just need to visit their registration page, click on the country of residence dropdown list and see if your country is available.

You won’t be able to sign-up using your social media accounts but as we said, this is a minor issue.

So how to sign-up with XM group?

Via the online registration form, you need to supply them the following information:

First and last name

Country of residence

Preferred language

Phone number

Email address

Preferred trading platform type

Preferred account type

After submitting these details, you will be taken to the second and last part of the registration where you will need to fill-in your date of birth and complete address. You’ll also need to accomplish your trading account details, investor information, investor profile and knowledge & experience.

The sections investor profile and knowledge & experience will determine whether you can open a trading account with them so be sure to answer them correctly and accurately.

Want to register now with XM? You can click on the button below and we’ll take you straight to the sign-up page:

Account types 8/10

XM group offers several account types and you’ll have the flexibility to choose the most appropriate one that is suitable for your trading needs and goals.

As of this writing, the following accounts are offered by XM global:

Micro

Standard

Ultra low

Each account type has a suite of features and perks such as base currency options, contact size, leverage, commission, maximum open/pending orders, minimum lot size, lot restriction per ticket, bonuses and others.

And here’s the surprise: BONUSES!

What makes XM a standout from the rest is that they continue to offer an attractive bonus of up to $5,000!

This two-level welcome bonus is among the highest trading promotions in the market today particularly from an established online brokerage and not just from unknown brands.

The availability of the bonuses and types of accounts vary and will be dependent on the country from which you are based in.

For example, in australia, they offer micro, standard and ultra low. If you’re in cyprus, your account options are micro, standard and XM zero.

Demo account 10/10

Opening an account with XM group will give you access to their free demo account that will allow you to make practice trades with live market conditions.

The $100,000 virtual funds won’t have an expiry so you’ll have the liberty to use it at your own pace and as long as you want.

If in case that you’ve already used up these virtual funds, you just need to open another demo account but you can only do this for 5 times.

We can’t emphasize enough…

If you’re a beginner then we STRONGLY recommend that you take advantage of this free feature in order to learn the platform, maximize its usage, explore other features and even try out all possible strategies so you can discover which one works best for you and prepare yourself for live market trading.

Payment methods 10/10

XM group’s supported payment methods is quite extensive and adds more flexibility on adding funds into the account.

They accept the most commonly used local payment methods today including:

Credit/debit cards

Online bank transfer

Neteller

Skrill (moneybookers)

Webmoney

Sticpay

And currency is accepted since it will be converted automatically into your account’s base currency based on the prevailing inter-bank price.

XM group won’t charge you with transaction fees for both deposits and withdrawals. Deposits less than $200 for international bank wire transfer however are not covered.

Minimum deposit 10/10

Opening a standard or micro account starts with just a minimum deposit of $5 which is extremely lower than the requirements of other forex brokers.

For the ultra low and shares accounts, the minimum deposit requirements are $50 and $10,000, respectively.

Such affordability is an opportune way for those who want to start with a low trading capital and also for starters since there’s no need to deposit a very large amount and it effectively allows proper fund management.

Platforms 8.8/10

XM has an extensive range of metratrader 4 and 5 platforms that can be accessed using just one account:

MT4 for PC

MT4 for mac

MT4 multiterminal

MT4 webtrader

MT5 for PC

MT5 for mac

MT5 webtrader

MT4 for iphone

MT4 for android

MT5 for iphone

MT5 for android

MT4 for ipad

MT4 for android

MT5 for ipad

MT5 for android

For desktops, it can be installed and run on both windows and mac operating systems while in the mobile platform, they have dedicated apps for smartphones and tablets that are running apple or android operating systems.

In addition, they also have webtrader platforms that can be accessed with any web browser.

They have every solution for almost any kind device or computer.

Design 10/10

XM definitely found a way to make their interface very inviting and this can be credited to their organized but simple layout.

Regardless if you use the desktop, mobile or the web-based platform, you can easily log-in and trade without any delays or long waiting time.

XM MT4 webtrader platform

Tradable assets 8.8/10

This broker has more than 300 instruments which can be traded on their platforms. This mixture of available assets opens a lot of chances to find an opportunity to earn and make profits.

Here are the current instruments that you can invest on:

If you’re into currency trading, you’ll have plenty of currency pair options including majors (EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD and USD/CAD), minors (EUR/GBP, EUR/AUD, GBP/JPY, CHF/JPY, NZD/JPY and others) and exotics (USD/SEK, USD/NOK, EUR/TRY, USD/TRY, USD/DKK, USD/HKD and others).

Commodities

Common commodities like cocoa, coffee, corn, cotton, soybean, high grade copper, soybean, sugar and wheat are available for trading.

Precious metals including gold and silver, and energies such as brent crude oil, london gas oil, natural gas and WTI oil are also available.

You can invest on popular equity indices like ASX 200, china 50, EURO STOXX 50, CAC 40, DAX, FTSE.AT, HSI, FTSE MIB and nikkei on cash and futures cfds.

Choices are aplenty for stocks trading via XM group as their platforms will give you access to various shares of popular companies in the US, australia and EU (austria, belgium, finland, france, germany, greece, italy, netherlands, norway, portugal, russia, spain, sweden, switzerland and UK).

Cryptocurrencies

This new asset class is also available on XM group’s platforms. You can trade on digital coins including bitcoin, bitcoin cash, ethereum, litecoin and ripple.

Trading cryptocurrencies via cfds is not the same as buying/selling cryptocurrencies from an exchange.

Minimum lot size 10/10

We can’t emphasize enough:

The size of your lot will directly influence your risk management and the smaller the lot, the better you can control your risk.

Most retail brokerages allow their clients to trade with micro lots which means a buy or sell order will be placed for 1,000 units.

The fact of the matter is…

Micro lots are the smallest tradable lot size that are usually allowed by most brokers and the good news is that this brokerage offers the same size for specific account types.

For micro accounts, XM group’s minimum accepted lot size is 1 lot or 1,000.

For the standard account, it’s 100,000 units while for the ultra low, the standard ultra account’s minimum accepted size is 100,000 and 1,000 for the micro ultra.

Spreads 9.9/10

With XM’s tight spreads the prices don’t need to move as much in order to make a profit.

The spread for the EUR/USD currency pair is 1.8 pips which is already considered to be better than what most brokers can provide.

Quotes accuracy 9.5/10

It is always important to trade with a forex broker that has accurate market prices because this is where your decision will be largely based on.

The several tests that we’ve done with their platform showed no signs of delays or manipulation with their quotes and the same price is shown for both pre and post deals.

Withdrawal time 10/10

All withdrawal requests are processed within 24 hours if the funds are transferred to XM cards or any of the supported e-wallet methods.

Meanwhile, credit/debit card and bank wires on the other hand can take 2 to 5 business days.

Based on the several withdrawal tests that we made, they were able to fulfill these requests and we were able to get the money back just as they promised.

Customer support 8.7/10

XM group can be reached via phone, fax, email or live chat.

That means you have the option to contact them in almost every channel possible and saving you a lot of time and effort.

So how was our experience with XM’s support team?

Based on our actual conversation with their support agent, we find them to be very direct in providing answers to any of our questions and we never experienced any sort of marketing schemes that other agents from other forex brokers usually do.

Our discussions with them ended with positive results.

Credibility 8.9/10

Regardless of the fact that XM group is a regulated online broker, they are very popular in the forex trading community.

Most of the reviews and comments praise them for having multiple online trading platforms and very flexible trading conditions.

This is based on the verified and professional user comments and reviews that we’ve collected from several trusted review sites, forums, trading sites and social media.

Regulation and license 10/10

XM group is licensed and regulated by the following:

Financial conduct authority (FCA) – trading point of financial instruments UK ltd (XMUK) under reference number 538324.

Australian securities and investments commission (ASIC) – trading point of financial instruments pty ltd (XMAU) with license number 443670.

Cyprus securities and exchange commission (cysec) – trading point of financial instruments (XMCY) with licence number 120/10.

This means that they are abiding by the rules and regulations that are set by these trusted financial authorities so you can trade with peace of mind.

Conclusion 9/10

Aside from the fact that XM group is a group of regulated online brokers, there are plenty of other compelling reasons why they topped our list of recommended forex brokers today.

The wide range of tradable instruments, the multiple online trading platforms, the fast processing of withdrawals and the highly flexible trading conditions are just some of its strong advantages.

An unlimited demo account and extremely low deposit is also worth mentioning.

So it all adds up to this:

XM group has all the attributes of being a trusted and superior broker for any forex and CFD trader.

Forex and CFD trading involves significant risk to your invested capital.

Broker XM dalam masa bahaya dan diambang scam

Seperti yang pernah kami himbau, bahwa hati-hati jika memilih suatu perusahaan broker, dan salah satunya yang sekarang terbukti sedang bermasalah adalah broker XM ini (khususnya di negara china), yang sudah seringkali kami juga memberitahu bahwa jenis broker seperti XM ini beresiko, karena broker ini tidak lolos uji filter seperti yang kami cantumkan di halaman ini: https://brokerforex.Com/broker-forex-terbaik-dan-kredibel/memilih-broker-yang-benar/

Sekarang sudah terbukti bahwa broker XM nyatanya berbahaya dan sulit untuk ditarik dananya, banyak nasabah dan agen mereka di china yang merupakan market terbesar juga mengeluhkan hal penarikan dana ini.

Efek dari kejadian di china tersebut pasti akan merembet di semua aktifitas broker XM, seperti dulu kasus broker ironfx yang hampir serupa seperti XM ini. Bila anda masih bisa menarik dana anda, segera tarik sebelum terlambat, karena broker ini benar-benar sudah diambang scam dan berbahaya.

Nama lain dari broker XM ini adalah trading point, yang tentunya bagi anda yang dulu pernah bertanya kepada kami dan kami menyatakan jangan trade di jenis broker seperti itu, dan sekarang terbukti bahwa ucapan kami betul.

Tidak hanya XM , broker-broker lainnya seperti masterforex (MFX), future galleria, acfx, intelfx dan lain-lain pun juga sudah terbukti scam seperti yang pernah kami sampaikan sebelum kasus mereka terjadi betulan.

Akhir-akhir ini, seringkali broker-broker yang bermasalah itu adalah yang menggunakan ijin dari negara cyprus (siprus) yaitu cysec, dan bisa dikata bahwa cysec adalah regulator yang tidak bisa apa-apa terhadap anggotanya yang bertindak nakal dan bermasalah dengan penarikan dana seperti yang terjadi di XM ini. Akibatnya yang dirugikan adalah para nasabah dan trader yang menempatkan uangnya disana dan kesulitan untuk menarik dananya saat ini.

Selain itu, broker yang sering bermasalah adalah juga broker-broker yang bisa menggunakan media-media pembayaran yang tergolong ilegal dan abu-abu seperti fasa pay, titip dengan IB, titip exchanger, dengan perfect money, dan semacamnya. Hindari untuk trading di perusahaan broker yang memperbolehkan media-media pembayaran seperti itu, karena sering bermasalah, sebab tidak ada payung hukum dan jaminan terhadap keamanan dana anda bila disalurkan melalui cara tersebut. Dan bila suatu perusahaan broker bisa menggunakan cara media-media tersebut maka mereka sudah pasti bukan perusahaan yang benar, dan anda sebaiknya harus menghindarinya.

Kami himbau anda agar berhati-hati dalam memilih suatu perusahaan broker, dan harap baca petunjuk yang telah kami berikan mengenai cara memfilter suatu perusahaan agar tidak sampai terjebak di perusahaan yang tidak bisa jangka panjang.

Atau anda bisa juga konsultasikan kepada kami secara gratis untuk kami bantu analisa perusahaan yang ingin anda pakai.

Semoga tidak salah memilih , karena menempatkan dana di suatu perusahaan itu harus mengutamakan sisi keamanannya, jangan sekedar melihat leverage, spread dan bonus, karena itu seringkali hanya jebakan saja atau trik marketing untuk memancing, padahal ada konsekuensinya di balik itu yang anda tidak tahu.

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so, let's see, what we have: is XM.COM a scam or a trusted broker? ✅ honest forex broker review & test 2021 ✔ trading tutorial ✔ withdrawal ➨ read more about it at forex xm scam