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XM Reviews

4.4 Rating 467 Reviews
90 %
of reviewers recommend XM
4.4
Based on 467 reviews
Shipping & Delivery
Delivery Methods
Own Driver, Postal Service
Customer Service
Communication Channels
Live Chat, Email
Queries Resolved In
Under An Hour
Returns & Refunds
Refunds Process
Very Easy
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Email:

support@xm.com

Location:

12, Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor,
Cyprus
Limassol District (Leymasun)
3042

Got a Question?

What would be an appropriate trading strategy that would benefit from the trading conditions on the Ultra Low account type?
Asked by Tiago_F (3 days ago)
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Asked by jane (1 week ago)
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Asked by margert (1 week ago)
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Asked by Barbara (1 week ago)
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Asked by morgan (1 week ago)
Does XM provide any useful tools that would make my trading process easier?
Asked by Marcos Gallardo (1 week ago)
great questions, and yes they do. They have a whole bunch of trading calculators, first and foremost (to avoid using those, I just trade the same pair and the same amount, almost every time, or at least x5, x10 on that amount, but the calcs help at first, a lot). They have a lot of analytical tools: fundamentals, technical analysis, news sentiment. And ofc the economic calculator, both in trade platform and on the site, separately. Using it every day, right now its even more mandatory. About trading webinars/competitions etc I don't even gonna start.
Answered by Latip Mannie (1 week ago)
I had an unfortunate experience with an investment platform that failed to safeguard my funds, leaving me defrauded and unsupported by their customer service. Thankfully, Alpha Recovery firm came to my rescue and successfully helped me recover both my money and profits. If you've suffered losses through trading, I highly recommend reaching out to them for assistance: Email: alpharecoveryfirm@gmail.com WhatsApp: +1 (912) 802‑9426
Asked by jane (2 weeks ago)
What trading strategies and style works best with Xm trading conditions?
Asked by TejaEnlai (2 weeks ago)
That’s quite a big question or a good way to steal some working strategy, am I right? I consider xm is more or less suitable for any trading style. Whether you trade intraday, hold the positions for day or buy real shares for long-term, you can feel fine there. Ultra low account with more tight spreads, it’s a find for lower timeframe traders, while if you hold trades overnight, swap-free account, might be more than favourable. Plus, there are no commissions charged.To be fair, this broker doesn’t provide zero spreads accounts. Still, just for your information, I think, traders have a habit to overestimate the influence of spreads costs. They’re not even visible on the MT5 platform.
Answered by Osea (6 days ago)
How does The XM copy trading feature work a summary would help?
Asked by Diogene (1 month ago)
It’s very straightforward - on the example of an investor. You analyze masters based on parameters on the dashboard, checking their performance (how many trades are won or lost, what is day-by-day performance in terms of P & L), check if you like the instruments they trade (presented in their bio) then their terms (fees, minimum investment) and finally, choose the best suitable master by pressing “copy the strategy” button. You can set SL and TP in this process on your own.
Answered by Awda bin Najeeba (1 month ago)
Is it worth it to participate in their trading competitions?
Asked by Binh Thai (1 month ago)
I’ve participated in several demo competitions and a couple of real ones, so I think my experience gives me the right to answer this. Considering that there’s no participation fee besides the general eligibility criteria, I would say that it was certainly beneficial. The competitive spirit helps to bring the best of you as a trader. I found that it was also easier to stick to my trading plan, keep my mind sharp and control my emotions knowing that I’m competing against talented people. Even if you don’t score highly on the leaderboard, there’s still a slight chance of getting a reward (it’s called lucky draw if I remember correctly). Although if you’re a beginner, trying out paper competitions first is definitely a must.
Answered by ParamatN (1 month ago)
Can I trade comfortable from the XM mobile app or do I need a laptop to be profitable here?
Asked by Vijandren Soti (1 month ago)
Bro, you need trading knowledge and good risk management, for being profitable. You can have both a laptop and mobile, or another software, few monitors and still won’t achieve something at trading:)) Anyway, I’d rather recommend you to stick to PC trading, since the screen is bigger, which makes it much more convenient to do your analysis, without which you can’t actually make anything, don’t tell me, you wanted to just gamble up and down for the price predictions, LOL. Xm has good and reliable Metatrader web platforms, still if you don’t have much time and your analysis is ready, you can use the xm app, a flexible option, in this case. The combination of web and mobile trading is the best thing you can do.
Answered by Demian Ferreira (3 weeks ago)
What xm can offer for scalpers, in term of variety of trading accounts?
Asked by Taahir bin Aasim (2 months ago)
In terms of basic ground one, it`s demo and real ones, where you can practice with virtual funds at first, then moving to the live real money trading. But, I think, you mean the variety, in terms of the second category… Alright here, xm has basically three options: standard, ultra low and shares. The first two are intended for traditional CFDs: forex, commodities, crypto and other various markets, while the main difference between them is spreads and trading bonuses eligibility. Ultra low is intended for traders that seek tight spreads… As for shares accounts, you can trade real shares there, but need to have a bigger initial deposit and can`t apply for leverage, actually nothing new here.
Answered by Ivanildo Moura (1 month ago)
Are xm live tv lessons only for those who have some experience in trading?
Asked by FinnTauro (2 months ago)
I think its quite the opposite. The only thing you need is some lingo. Which can be learned at XM Academy or just through watching a couple youtube videos honesly. And then with some basic english knowledge you can learn everything there is to learn about trading. Speakers at XM are good enough to explain to a newer traders while engaging the experienced pros with some nuggets here and there. I like them quite a bit, been listening for years, part of the reason Im profitable now, I believe.
Answered by Agustin (2 months ago)
Are scalping and expert advisors allowed here, and are there any that you would recommend?
Asked by F. Ferrara (2 months ago)
As far as I know ,yes. You can intergrate EA into MT4 and MT5, and scalping is just a style of trading. When it comes to actually recommending or not, this is where it gets a little bit tricky. So on one hand, scalping can be profitable, but I would not advice it if you are not a professional in this, I would not advice it in general as well. high risk, too high sometimes and you gotta have low ping and fast connection. On top of its. its super stressful and you might make a mistake very quickly, as in swing trading if you oopen and see the market aint moving your way - you can close. In scalping, it can be over in a minute, so therefore, don't do it is my recommendation. If you wanna do it, make sure you learn it through and through. About EA;s. don't see any negatives in those, but still, nothign beats traditional trading of priec action.
Answered by gabriel Padilha (2 months ago)
Which account choice would you recommend, any changes in that regard?
Asked by caket halim (2 months ago)
there are sometimes small changes here and there, but most people recommend Ultra low, especially for traders with some volumes of trades. But you can start with basic standard one (or better yet, with demo first, just to test), and then go on to Ultra low, they allow that. The difference is basically that you don't get a bonus, but you have lower spreads. So a lifehack would be to spend bonus firs with Standard, get enough of it, and switch to Ultra later on.
Answered by Thang dien (2 months ago)
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Asked by lucy (2 months ago)
What is the best way to test the XM platform, through the demo, or do you have another suggestion?
Asked by Silvio (3 months ago)
I wouldn’t say that testing through a demo account is reliable, although it has certain benefits. This applies to all brokers, not only for XM. For some brokers, testing its platform through a demo is the only option, without the need to deposit a certain amount of funds. But I have another suggestion, which I used and will cost you nothing. Register an account at XM, and after you verify your account (upload ID and proof of residence), you get a $30 bonus deposited into your real trading account. This is an excellent offer from XM and can be indeed beneficial for the purpose you asked for. You know, on demo, the execution is always perfect, and there are no slippages at all… while we all know that slippages are impossible to be avoided in a real trading environment. Here, you trade in a real environment and get a real experience in terms of the performance of the platform. The only downside is that this bonus is available for the standard account, but if you decide to trade on the ultra-low account, trading terms are getting just better :)
Answered by Okur E. (3 months ago)
How many payment methods does this broker offer and which one is the best?
Asked by Yajeel Walton (3 months ago)
bro, i have no idea how many of them are available, because i didn't focus my attention on this, seriously. it was important for me to have bank cards for depositing and withdrawing funds and what I can say for sure - you can use debit/credit card here and get your money as fast as possible and in the safest possible way. for me this one is the best, ain't got a habit to speak for others.
Answered by Xie Jingyi (3 months ago)
I have been seeing nice reviews so I would like to know If XM is a legit and reliable broker?
Asked by Davi Peres (4 months ago)
Of course they are. If you're a new user It's a plus for you. you can be sure all regulatory terms based on your country are met
Answered by Muntasir (4 months ago)
Does XM offer a dedicated client relations manager like some other brokers?
Asked by Vulmaro (4 months ago)
I think it does, but maybe only for people who have large enough deposits? I don't know, never used one or felt like I needed one. People from support have been more than helpfull enough. I would take high quality, 140 IQ support over personal manager any day, cause I imagine with manager they can't respond every hour, whenever you need them?
Answered by Federico (4 months ago)
Does XM offer a dedicated client relations manager like some other brokers?
Asked by Vulmaro (4 months ago)
I really wonder, what is your honest opinion about their competitions?
Asked by Odino (4 months ago)
They are fair and this is what you need to know about them. You can compete using the demo account and the real one. The highlight - no entry fees required, so you are able to get in even with 5 dollars, huh. Just a joke, it's not that safe to do so, anyways, it's a noticeable feature. Besides, prize pool is big. Dunno how vast should be your XP in trading to win everyone who participates, but maybe you'll get lucky.
Answered by Sad bin Moosha (4 months ago)
Has anyone here tried shares account? If so, then would you recommend it to others?
Asked by Bergnaum MD (4 months ago)
I have tired the shares account and I think its a great option which would also depend on your goals and trading styles. It is ideal for long term investments and unlike CFDs, you have - Ownership of the assets - Lower risk-opportunity to diversify your portfolio -transparent fees Things to consider are; long term focus, huge fund requirements and a broker. I would definitely recommend the XM shares account
Answered by Albert Gallardo (4 months ago)
What bonuses, contests, promos are offered by XM for new or existing customers?
Asked by Salvador Lobo (5 months ago)
They offer pretty bunch of different things to attract traders. The main two, on which, you should pay attention, are competitions and deposit bonus. Certainly, the bonus might be a solid add-on to your initial deposit, you should note that you can`t withdraw it. Though, in my opinion competitions, is better way to get benefits from. You can practice your trading skills and apply your knowledge in competitive environment, it`s always good for trading development.
Answered by Enrico Mancini (4 months ago)
How to choose an account among those they offer?
Asked by F. Garcia (5 months ago)
Listen to your heart, bro. Just a joke. Compare them and this is it. The Xm broker provides with a kind of comparison table on the website so you will be able to compare the accounts and decide which one will suit you most. If you are beginner, then try Standard at first. It requires just 5 bucks to kick off.
Answered by VHuynh (5 months ago)
How many account types do they have?
Asked by Pietro Villa (6 months ago)
In fact - 4. But if it's about ACCESSIBLE accounts, then 3 of them are accessible to the majority of traders as Shares account has $10k of minimum deposit while others require just $5. Ultra low account, Standard and Micro + Islamic is also a type of account. Yeah... 4 accounts are accessible to people, I just messed things up a bit. Conditions you can check on the site, all differences are transparent.
Answered by Sabino (5 months ago)
Is the copy trading feature of XM very reflective and profitable?
Asked by Jordi (6 months ago)
I’d say yes! It does reflect the market and I found it informative. As for profit, it depends on how successful your actual trade is, nobody can say it in advance:)
Answered by emiliano marinho (6 months ago)
What position size should I use with a $200 account size?
Asked by Orland (6 months ago)
Buddy, I want to give not only recommendations about lot size, but also some others. I understand that one of the advantages of XM is the low limit on minimum deposit amount. But traders should consider all risks. So when trading with $200 deposit, I recommend only 0.01 lots. Moreover, I recommend you always use stop loss. Try to trade so that risk level doesn't exceed 20% of deposit amount. I understand that profit will be less than you would like. But trust me, this is the only way you can trade properly
Answered by Izaiah (5 months ago)
How are trading turbo stocks different from usual shares?
Asked by Christopher (7 months ago)
The major difference between turbo stocks and usual shares are in leverage and risk structure. With leverage, turbo stocks can be traded with leverages and price movements amplify losses or gains while usual shares are bought at full value and price movements reflect proportionally in your investment. Risks in turbo stock trading mainly come from leverages and losses are magnified more than investments while in usual shares, the risks are not more than investments. Its important to note that for turbo stocks, you do not actually own it and have no rights while shares are owned by the trader and given certain rights and dividends. There are also differences in the cost and trading strategies.
Answered by Kob Jainukul (6 months ago)
Do they provide daily market analyses for clients?
Asked by Amal Munisa (10 months ago)
Oh, yeah, buddy. Their news feed is a great tool to analyze market situation. My daily routine now consists of checking news feed on their official website in the morning. Then during the day I go there several more times to see some updates. In general, I like their market analysis and I use it in my trading. As for content of this analysis, it's obvious that it was made by professionals.
Answered by Maximo (9 months ago)
Is it possible to invest in the stock market in the long term through XM broker?
Asked by Edgar (10 months ago)
Oh, you asked a question about one of the features of this broker that is popular among traders. I think so. This broker provides several options for trading stocks. Each client has access to CFD stock trading and real stock trading. That is, each client can choose type of stock trading that suits him best and investing in stocks in the long term is one of available options.
Answered by Istemi Binay (9 months ago)
What can you say about the set of assets that are available on platform?
Asked by Jamal Mansur (10 months ago)
Its the regular stuff. Stocks, forex, commodities, special metals, indices. It's what you'd expect. As far as I know, they pretty recently added some cryptos. Seems like the industry is moving in that general direction. I don't trade in them thou, so I'm probably not the best to talk about them. I trade CFDs. Almost exclusively stocks, and some EURUSD. Its pretty good for that. The main thing with them is ultra-low account with no swaps. That's the reason to trade here.
Answered by Nico Maroto (9 months ago)
Guys, can you recommend the deposit amount from which to start trading on this broker's platform?
Asked by Aakif el-Diab (11 months ago)
If you are a pro trader and have $10k laying around, shares acc is a way to go If you just want to check out XM and maybe learn trading, you can start with as low as $50 and learn risk management. At least its what I did when I begun trading.
Answered by Santokh (8 months ago)
Can I use custom indicators on this broker's MT platform?
Asked by Yoruk B. (11 months ago)
Of course you can! That's one of the best things about it! They even allow EAs. I guess it can be the innate feature of MT. It is generally possible to use custom indicators and Expert Advisors on different exchanges or brokers in with MetaTrader. One of the reasons so many exchanges and brokers use it. Highly customizable to the needs and wants of the trader.
Answered by Igor Falcao (9 months ago)
Is there absence of swaps on all of the trading instruments?
Asked by Manasseh (11 months ago)
I don't think so, it can be quite costly for a company to cancel out all the swaps, so its not up to the instruments. Instead, it is up to the accounts. So the usual standard and micro accounts do have swap, so they are probably not what you want. Next we have shares account without a swap, but with a high depo requirement, so also not a good choice for a simple trader. The best choices would be either a ultra low account, or an Islamic account. Islamic account is available upon request, and it is swap free. But, I believe ultra low is better, because in addition to no swaps, you also get lower spreads🕊️
Answered by Diego Vale (8 months ago)
What is the MOST preferrable way to trade with XM: positionally or intraday?
Asked by Oretta Martino (1 year ago)
With such a versatile online trading platform like XM, all trading strategies can work. The trading conditions at XM provide excellent terms for both trading styles, they foster a low-cost trading environment through the absence of trading fees and tight spreads. This is applicable for positional and intraday trading. What matters is what is the best fit for you, and for your trading style. Both can be profitable, but you need to make sure what you prefer. Intraday trading, for instance, require larger monitor time, while positional trading require much less monitor time.
Answered by Marco Bernardi (9 months ago)
Guys, can someone tell me could I invest in real stock in the long term?
Asked by Paolo Giordano (1 year ago)
Investing in real stock is actually a long-term investment strategy. It makes no sense if you intend to speculate on the price of stock using these instruments. For that purpose, use Stock CFDs. So, yeah, you can invest in real stock in the long term. Aside from the potential gain from the price changes, you need to consider another aspect when choosing stock - the dividends. Traders who trade real stock are attracted by the dividends the companies share with their shareholders. This can be a very lucrative way of investing, but honestly, it demands thorough research, knowledge and skills. Stil, it is doable and can be mastered in this investment style, but it takes time.
Answered by Keshawn (8 months ago)