5.2/10
(91 qualified reviews)
US 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
  • Company XM Global, XM Australia, XM Global (CY) Limited
  • Founded in 2009
  • Online since 2012
  • Offices in
    • Australia
    • Cyprus
    • Greece
    • Hungary
  • Payment options
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  • Demo platforms
    • MetaTrader 4
    • MetaTrader 5
  • Account currencies
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  • Currency pairs
    Show currency pairs Hide currency pairs
  • Regulated by
    Show regulation Hide regulation
  • Website available in
    Show website languages Hide website languages
  • Support available in
    Show support languages Hide support languages
  • Support methods
    • Callback
    • Email
    • Live chat
    • Phone
  • Trading server time zone GMT+2
  • Conditions for VIP traders Coming soon.
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • 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
    • Forex1:888
    • Gold & silver1:888
    • CFD1:100
    • Oil1:100
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 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)
  • Special notes MT5 hedging accounts available.
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • 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
    • Forex1:888
    • Gold & silver1:888
    • CFD1:100
    • Oil1:100
    • Cryptocurrencies1:3
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 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)
  • Special notes MT5 hedging accounts available.
  • History
    Show history Hide history
  • Hedging
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • 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
    • Forex1:888
    • Gold & silver1:888
    • CFD1:100
    • Oil1:100
  • Trading platforms
    • MetaTrader 4
  • Digits after dot 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)
  • History
    Show history Hide history
  • Hedging
  • Overnight interest rates (swaps)
  • Trailing stop
  • Pending orders
  • One-click trading
  • Mobile trading
  • Automated trading
  • Minimum account size $50
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.8
  • Minimum spread on EUR/USD, pips 0.6
  • Commission (one-way) per 1 std. lot $3.50
  • Scalping Allowed
  • Expert advisors Allowed
  • Trading instruments
    • Forex1:500
    • Cryptocurrencies1:3
  • Trading platforms
    • MetaTrader 4
    • MetaTrader 5
  • Digits after dot 4
  • Number of currency pairs 56
  • Special notes MT5 hedging accounts available.
  • History
    Show history Hide history
View contract specifications

Reviews

261 reviews of XM (ex-XM.COM) are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

, USA.

This happens to me many times - I could not open my XM account for 20 min.

When I call the customer support they did not do anything to help me. I talk to manager on duty and explain that my phone and computer and the internet was working fine and this is not the first time this has happened.

, Romania.

Their bonus program just helps client to lose their deposits faster. It's all just marketing. As as small trader you can't get good conditions with them. If you want to have a chance to make some money better try to find other company

, mazhamba.

Review I register xm account with my old residence so I upload new there are clarified my residence wat must I do or refund my money back so that I will open new account with my new residence

, Finland.

Wow just incredible, absolutely out of the blue they had just sent a notice for the termination of my account I had just found out a trading style for myself with a successful winning rate. It's not even like I was winning big amounts of money just using a micro account but had quite a high volume of trades and little winning profits and then completely unexpectedly they had closed all on going trades and sent me an email saying they have terminated our business relationship which the account will be suspended for 7 days and after I will get my money back (wonder how long that will take after the 7 days) with absolutely zero information or even hinting if I had done something wrong. They say they allow Hedging and Scalping. Guess not. Just another dodgy dealer with a lot of money spent on marketing, fake reviews and endorsements from "celebrities" (I wonder even if that is legitimate) Even if they had said it was a mistake or error on their part I wouldn't even trade with them ever again and can not recommend such an unstable attitude towards clients. Not even a single notice and I had not gone against any of their terms and conditions. Better to go with a more reputable company and build up your account status and not have the stress of gaining a high status and have it removed without further notice.

, thailand.

im one of the beginner and notice a lot of bad review on xm. however i find it very easy to deposit and withdraw. it took within hour to do both.

i really recommend for all users

, Kenya.

I have used XM and have loved it all along. I have opened multiple account, deposited money and at times left them with no money but have never received any complaint from the company. I would highly recommend XM. The contests are nice too. My preferred broker.

, USA.

Watch out for XM.com. As you can see from the numerous grayed-out (and insanely positive) comments just in this comment section, they have a pattern of "black hatting" -- leaving numerous fake positive comments to obscure the fact that their brokerage is a scam. This has been reported by many sources, including Forex Peace Army, which monitors such things.

In addition, of course, they engage in all the usual scam-y activities: making it impossible for you to withdraw your money, closing accounts without warning, and so on (all of which is attested to in the previous comments in this section). In conclusion, stay far away from XM.com!

, Malaysia.

Greetings! XM.COM is amazing broker, Efficient team! very fast millisecond time execution, fast server, Ive been trading with XM and I'm very happy.

I have one request from XM.COM management to bring back my Leverage to the normal as I'm totally depends on scalping strategy and i used over my Leverage I hope XM.COM look again into my issue since I totally dont know when i used over the Leverage and I still waiting to resolve back my issue ... I have send email and I'm still waiting answer.

Thank you XM management and I hope to further my trading more..

, Nigeria.

This Broker refuses to pay me when I withdraw,it is over 5days now.

They are Scam!!!!

They use the 30$ bonus to lure people and after you have deposited money and made profit,they will find one excuse to ripped you or deny you your fund.if you are still trading now they are waiting for time you will deposit large sum of money before they start their evil acts.Be warned!!!!

, NIGERIA.

I advice caution when dealing with this broker. I recenty attempted to withdraw the paltry amount of $10 from my account using webmoney -the same webmoney account i used to fund the account- but the request as refused.

I was told to upload a screenshots of the webmoney account because the account webmoney account belongs to my brother who is my partner.

Detecting fraud, I wrote to xm, requesting to be allowed to withdraw only my deposit, forfeiting any profit... but i was sent a generic response.

BE CAREFUL!

, The Netherlands.

It's really a great broker! Very fast execution, no requotes even in extreme market conditions. Withdraws to my NETELLER are usually processed within a couple of hours on working days. withdraws to bank account around 2 - 3 days. I have nothing but great experience with XM I've been a client for over 3 years now and have 2 accounts and have good contact with my account manager very friendly and polite. I don't know bout the others here but I see allot of negative comments, I think that the people might have done something which wasn't right or was against the terms & conditions. Read it closely to make sure that you're right or wrong before making claims this broker is a scam, cause it's really NOT! They also have a loyalty program. You get point on how much you volume you trade. Those point can be converted to real cash or credit equity. How longer you are client the more point you get per 1 standard lot traded. Its really great!!

, Portugal.

XM.com-это не не брокет форекс,это брокер казино!!!методы работы аналогичные,убедился на своём горьком опыте.НЕ советую с ним связываться.ваши деньги вы потеряете,а он их использует для рекламы.

, Bangladesh.

Really, I have great experience with XM trading broker. It is very good broker and also number one broker in my country. In addition, I get all kind of trading opportunity from this regulated platform.

, Cyprus.

Dear hallaha,

We can understand your frustration, however it is not fair to be calling a broker a “Scam” when the reason behind the issue relies on the fact that you have not informed us that you have closed your bank account you have initially deposited from.

In order to protect all parties against fraud and to comply with Directive DΙ144-2007-08 of 2012 of the Cyprus Securities and Exchange Commission and related EU regulations, XM will only process withdrawal/refunds back to the source of the original deposit according to the Withdrawal Priority Procedure. Thus your withdrawal was sent back to your account – which you have failed to inform us that it no longer exists.

I can see that the issue has been resolved and your withdrawal has been sent to you; so you are kindly requested to update your comment.

In order to avoid any future occurrence of a similar matter make sure you keep us informed in the case your banking details have changed.

It is advised not to post comments and reviews which do not reflect reality as it simply does not help other readers.

Thank you

Carol P. – Official Representative of XM (Trading Point of Financial Instruments Ltd).

, Bulgaria.

These are just plain crooks, they stole my withdrawal money!!! I requested a withdrawal a month ago and I'm still waiting. After many exchanged emails with their back office, they assured me that the money are sent to my old expired debit card and my closed bank account, they even gave me reference numbers of the transactions, and guess what? I am just coming from my bank - they told me that there are NO SUCH TRANSACTIONS and that IT IS NOT POSSIBLE TO RECEIVE PAYMENT if my debit card and bank account has been closed. They advised me to request my money from xm. com and to quit ANY relations with them from now on, they are SCAMMERS!!! Why would they send my withdrawal to my old debit card which is expired??? They haven't sent anything, they're just lying to me and waisting my time and my bank accountant's time!!! STAY AWAY OF XM .COM! You are warned. They will just steal your money and waiste your time with their nonsense until you lose temper and decide that it's not worth dealing with them. I am 100% sure they have kept my money in their system and are just lying to me that they have sent them.

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