XM.COM — Forex Broker

FeaturedDoesn't accept US tradersUS traders
  • Interest rate on funds
  • Bonus offers
  • Free education
  • Personal manager
  • Trading by telephone
  • Segregated accounts
  • Affiliate program
  • Islamic accounts available
  • Requires sending documents via postal mail

  See XM.COM reviews

5.2/10 (85 qualified reviews)
Company Trading Point of Financial Instruments Ltd.
Founded in 2009
Online since 2012
Offices in Australia
Payment options Show payment optionsHide
Demo platforms
  • MetaTrader 4
Account currencies Show account currenciesHide
Currency pairs Show currency pairsHide
Regulated by Show regulationHide
Website available in Show website languagesHide
Support available in Show support languagesHide
Support methods Callback
Live chat
Trading server time zone GMT+2
Conditions for VIP traders Coming soon.

Account Types

Minimum account size $5
Minimum position size 0.01 lot
Spread type Variable
Typical spread on EUR/USD, pips 1.8
Minimum spread on EUR/USD, pips 1
Scalping Allowed
Expert advisors Allowed
Trading instruments
Forex 1:888
Gold & silver 1:888
CFD 1:100
Oil 1:100
Trading platforms MetaTrader 4
Digits after the dot in quotes 5
Margin call level 50%
Stop-out level 20%
Minimum distance to stop/limit orders, pips 4
Number of currency pairs (of which exotic) 59 (20)
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
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245 reviews of XM.COM are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

  Chris Roubis from Australia. Trading account #2XXXXX6
Saturday, March 7, 2015 complain to you when you make money with EA, then they will make your EA open and close trades at wrong conditions.

Dear Sir,

We thank you for choosing XM.COM as your broker.

We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous on our servers.

As such we kindly request that you remove the current Expert Advisor being used to perform your trades or significantly reduce the frequency of your trades.

Furthermore failure to comply with the stated measures above and/or respond to this email in the next 24 hours will result in your account being temporarily suspended, pending communication/collaboration from your end.

Please do not hesitate to contact us with any queries with regards to the message above.

Kind Regards,

Lucia Kaltenbachova

Customer Care Department

  Lewis from Kenya. Trading account #2XXXXX3
Wednesday, January 28, 2015

Awesome broker. All excecutions are right on time and at the requested Price. Very transparent and supportive stuff. would recommend this broker ANYTIME

  wafiq alsalman from jordan. Trading account #1XXX6
Friday, January 2, 2015

pro crook thugs just play any kind of game to fraud u

  Azman from Malaysia. Trading account #1XXXXXX5
Wednesday, December 31, 2014

This is my first withdrawal request from XM. but until now there is been more than 24 hours and i haven't receive my fund yet

Withdrawal on 10.08am GMT +8.00 30 December 2014

  Sharad Kumar Mukim from bangalore, India.
Monday, December 8, 2014

I have a bad experience with XM. I opened a demo account and was using it to learn and understand forex trading and received an email from XM offering a $30 no deposit bonus. I opened the real account as the offer was tempting for me. I checked the email and there was no hidden condition on the same. After opening the account I didn't get the bonus hence I sent an email and I got the response that the bonus as not available in my reason. I asked, if the offer is not available in my reason then why did you sent me the email and misguided me but there was no explanation and they are saying that I will get a 100% bonus on my first deposit. There is nothing to trust XM after this. when after sending one offer they are not honouring the same then there is no guaranty of getting any fair play with them.

  Douglas from Kenya. Trading account #1XXXXXX6
Thursday, September 25, 2014

Didn't even have the chance to trade with these guys because they kept asking me to upload a document that is not there - showing my residential address. If you have ever lived in Kenya, you will know that oly p.o. boxes are used when it comes to address. But the so called mananager knew everything about a country he has probably never even visited. Anyway it was a great thing i had not deposited ny cash yet otherwise i would have been in trouble.

I then requested them to close my account (this is what pissed me off), the kept on calling me. How hard is it to close an account when someone says close?

  Aso Karimi from germany. Trading account #1XXXXXX0
Wednesday, September 3, 2014

some days ago i opened a no deposit bonus account(30$) with xm,and after a while make 73$ profit from bonus account and requested to withdraw my account was verified and everything was normal.but after my request their game started.i requested to withdraw my profit by webmoney.they reject my request and asked me to make a screenshot of my webmoney purse and send to them.i did.rejected again and asked me to provide them german phone to their account manager be able to reach me.i also did that.after a while they emailed me and blocked my account and deleted all my profits.i shocked ,i did not seen anything like that before.i asked them the reason and the answer was ,"you connected to the trading platform from a forbiden country."

because of my work (exporting flowers and fruits) i do traveling more.i was trading sometimes outside of germany.but i know all of this was just their excuses.they did same to many other traders.

be careful with this guys.

 mohd fauzi ismail from Malaysia. Trading account #1XXXXXX4
Tuesday, July 22, 2014

Positive experience with xm as of yet. only problem when withdrawing using skrill. skrill seem to be delaying the payment..any other people here using skrill to withdraw from xe? 5 days already and still no payment from skrill

  Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.) from Cyprus.
Thursday, July 17, 2014

Dear Mr. Nagy,

Indeed, between the end of the trading day on Thursday 10/7/14 and the beginning of the trading day on Friday 11/7/14 (Server Time) a technical error on our trading servers has resulted in open trades of certain instruments to be presenting unrealized profit and loss at that time as realized profit and loss.

Your overall account performance has not been affected in any way from this error. Moreover, you have already been fully compensated for inconvenience this error caused you.

If for any reason you require assistance please feel free to contact your account manager or our support desk.

Kind regards,

Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

  Sandor Nagy from Romania. Trading account #1XXXXXX8
Friday, July 11, 2014

Last night the XM server had a technical problem and they closed all my open positions, and today they are telling me that all issues had benn addressed and resolved, which is really not true! I used the hedging method and all my positions where closed, mostly in minus and instead they reopened my position (all the position, same positions that I had at same price that was this morning), so now my ballance is in minus and they closed my positions without my will and by resolving the issue they opened new positions again without my will or notice, this is really unacceptable.

I was waiting all day on the backoffice feedback and nothing yet, I think that they ar not serious about my money and right now I feel that I lost all may monye + earning that I traded, in I lost the trust as well.

Yeah software problems do ocure but it is not may fault!

  MUHAMMAD NAVEED from PAKISTAN. Trading account #1XXXXXX7
Thursday, April 3, 2014

Amazing broker how i say how it is good broker A man knowing from his surrounding so like that xemarket have very good surrounding and Honest too i like that go go go xemarket we all with you thanksssssssssss

  Mollliiiiiiiieeeee from India. Trading account #1XXXXX4
Thursday, February 20, 2014

Hello Everyone, Please check the difference of pips you earn and the profit you get, there's some big difference every time you place an order.

 salah mahdi from iraq. Trading account #1XXXXXX7
Thursday, December 26, 2013

I would like to offer my apologies to the site especially to Mr. Musstafa who was very cooperative with me and all that I have said about the site in the past was a moment of anger for not accepting my documents but now everything is ok and my account is verified and they are very helpful with their customers and if anyone looking for a good broker i think is the best choice

  Henry from Malaysia.
Friday, December 20, 2013

Lousy broker, they will only accuse you of so called fraud if you make a profit. But when you get margin called no such issue. STAY AWAY from this broker. A waste of time.

  salah mahdi from iraq. Trading account #1XXXXXX7
Tuesday, December 17, 2013

i dont advice any one to open an account with those people because i opened an account with them and they asked me for documents to validate my account but each time it was rejected and i dont know why they just keep saying (send an alternative document)

Visit XM.COM website. 

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