XM Group review

What is XM Group

XM Group is one of the largest European forex companies with more than 500,000 clients worldwide. It offers very flexible trading conditions, many years of experience, various bonus programs, and its impeccable reputation.

How Does XM Group Work

XM Group is one of the reputable organizations working with Forex and CFD trading. This broker also provides its customers with convenient trading conditions. That is why the company uses the two most popular trading platforms – MetaTrader 4 and MetaTrader 5.

The MetaTrader 4 platform is a leader trusted by traders around the world. It has a wide selection of tools, various indicators, signals and strategies for successful trading. Features MT4:

  • one-click trading
  • more than 1000 tools available
  • use of 1 data form for entry on 8 platforms
  • VPS service
  • low spreads from 0 pips
  • hedging of positions
  • full advisor functionality
  • three types of charts available

In turn, MetaTrader5 is a more advanced version of the platform. It includes all the features provided in the MT4 version, and also allows you to trade 1000 CFDs on stocks, which makes it an ideal version of the platform for trading most assets. As in the previous version, the platform can be used both online and downloaded to a computer or phone. MT5 Features:

  • over 1000 tools
  • 1 account for 7 platforms
  • low spreads from 0.6 pips
  • full advisor support
  • support for all types of orders
  • hedging support

XM Group has mobile versions of MetaTrader 4, MetaTrader 5 trading platforms and also a demo account.

Replenishment and withdrawal of earnings are carried out using a bank transfer or Visa and Mastercard. The advantage is that the service supports most payment systems. You can withdraw funds to the account from which the replenishment was made. The broker provides zero commission for all operations related to the input and output of money.

Is XM Group Safe?

XM Group is a major broker whose activities are regulated and licensed by the Australian Securities and Investments Commission (license number 443670), and XM Cyprus operates in accordance with the requirements of the Cyprus Securities and Investments Commission (license number 120/10). The UK Limited Financial Instrument Sales Office is licensed by the UK Financial Services Authority (Reg. FRN: 705428).

Review results 

Among the advantages of the XM Group, traders highlight the reliability and security of the broker, affiliate program, demo account, training, and analytics. Also, flexible trading conditions and good technical support. And of the disadvantages, there is only a delay in withdrawing funds.

XM Group is a regulated organization that began operations more than 10 years ago. During this period, the platform attracted the attention of a large number of users around the world and continues to actively develop. For traders, work with more than 1000 trading instruments, charts and analytics is provided. The exchange is suitable for both experienced traders and beginners.

Nevertheless, trading in itself is a risky process, therefore, before you start cooperation, you should always carefully read the documentation, trading conditions and rules for working on platforms.