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XM Group Review

User is offline   xysoom 

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XM Group Review

XM Group is made up of four 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). XM Global Limited was established in 2017 and is regulated by the Financial Services Commission in Belize (000261/309). Trading Point MENA Limited was established in 2019 and is regulated by Dubai Financial Services Authority (DFSA reference no. F003484).To get more news about xm review, you can visit official website.

As there is a slight learning curve related to MT4 and MT5, it’s highly recommended that one already have some trading experience before trading with XM, or at least that they register an XM non-expiring demo account first.
The XM VPS allow its clients to gain access to their own Virtual Private Server located in the same vicinity as XM’s London data center, providing unparalleled execution speed regardless of their own internet connection, location, or access to power. This cuts out the extraneous factors that could impact trading, but this feature is only available for account holders with a minimum total balance of $500 and volume of 2 lots or 200 micro lots in turnover per month. Free VPS requirements can vary for each entity of the XM Group.
No Fees or Commissions. XM offers a range of trading account types, including Standard, Micro, Ultra-Low, Shares and XM Zero. The first four types of accounts do not charge any commissions whereas the XM Zero account has a $3.5 commission per $100,000 traded. *Please note that XM Zero, Ultra Low and Shares accounts are not available to all the entities of the XM Group.
Trade on Margin. Traders with higher risk tolerance and more expertise can trade on margin, meaning their positions are leveraged and require less capital for magnified exposure. Results of the trade are therefore multiplied as well, as are losses, though negative balance protection and margin calls are designed to help XM users avoid the potential downside impact.
Approachable Support. XM offers a range of ways for users to reach its customer support team. A live chat widget is very helpful for those who need help that doesn’t justify writing an email or encounter issues that require immediate attention. There is also a phone line, support services are extended to weekends too (apart from the EU-regulated entity).
To serve users from more than 190 countries, XM has pursued regulation from the relevant financial authorities. Currently, XM operates with licensing from Australian, Cyprus, Belize and Dubai regulators: ASIC, CySEC, FSC and DFSA respectively. These institutions ensure that XM maintains complete liability for its customers and remains accountable to them. Part of its obligation involves keeping customer funds secure. This is accomplished by segregated funds storage at Tier 1 banks exclusively.

XM excels when judged based on the reliability of its platform and execution. The company boasts that over 99% of its trades are executed in under one second and matched without any problems retrieving quotes or orders being rejected. As such, XM is one of the names most trusted by professional and retail traders for whom small mistakes or latency could prove costly.

The safety of funds is another area where XM excels, with all client funds stored in segregated bank accounts from the company’s operating funds. Finally, thorough compliance efforts with multiple financial authorities grants additional confidence that XM is prepared to follow the letter of the law on behalf of its users.
XM Group User Experience
Without its own proprietary dashboard to become adept with, users who are already familiar with MetaTrader can seamlessly transition to the standard trading interface. The web trader and desktop trading applications are all offered via MetaTrader (choose from either MT4 or MT5).

Although it takes some time to become familiar with the platform’s many different utilities, MetaTrader’s extensive history serving traders of all experience levels and ongoing efforts to improve aesthetics and usability contribute to its widespread popularity. MetaTrader provides a relatively straightforward user experience with all functionality placed logically such as tools for analysis, order history and open trades, charting, and more. The XM app (free to download for both iOS and Android devices) gives users genuine extension of trading functionality on the go through the MT5 platform. Through the app users can research their investments, track their portfolio and easily manage their account.

XM excels in its educational services. It hosts free weekly webinars on popular topics, highlighting its investment in user education. Additionally, its Live Education service provides Q&A sessions with expert instructors to clients of all levels in their native language to discuss strategies, market moves and news.

XM also makes sure that its traders are kept informed with educational materials and strategies for trading at a basic level. A comprehensive suite of videos and articles on various subjects provides elementary education, while a section for live analysis in various markets helps keep traders informed about current trends.

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