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.

, RO.

On Few words...The best broker I had seen ever

, Pakistan.

Awesome Broker Service, No Requotes, Quality and Quick SUpport Response.

What else Required.........

, Greece.

Trading Point offers nice flexibility with mini and micro accounts which are great for newcomers. Great customer support. I am very pleased with their services.

, Indonesia.

Good Job 4 Trading Point.

Always Promotion. I love it.

All guyz. Come and join with Trading Point. Always get surprise with Trading Point.

, bangladesh.

this is one of the best broker i have come across.

, USA.

No U.S resident allowed..

, Brasil.

for while...

A hiper-huge top class broker

I send money with my payoneer-mastercad and now I wait withdrawal some profits.

, Cyprus.

Marinos Ioannou – Official Representative of Trading Point of Financial

Instruments

Dear Mr. Miller

After an investigation we did in the company we were unable to find any data of your account.

Will you please send me a direct email at marinos@trading-point.com with your account number for further investigation?

Trading Point never charges the clients any transfer fees unless a transfer is made by bank wire, however please note that bank wire fees charged from our bank are covered by Trading Point.

For further details please follow the link below:

http://www.trading-point.com/funds-withdrawal

Marinos Ioannou – Official Representative of Trading Point of Financial

Instruments

, USA.

My views of this broker are not all that great. I opened up an account and was doing really well for a small account but when I tried to get some of my money all I got was the run around.

It was just one excuse after another and 5 weeks later I got some of my money but not all of it because of this fee and that fee.

I had 950.00 us in my account but after all the so called fees for this and for that I got back 210.00 dollars.

Then they wanted to charge me a stupid fee of 35.00 for putting the money back into my own bank account.

not a fun time and not a good broker.

as far as I'm concerned they suck.

, Cyprus.

Chris A. Zacharia – Official Representative of Trading Point of Financial

Instruments

Dear Taylor,

First of all thank you for choosing Trading Point, I can reassure you that there is no reason to worry withdrawals to Malaysia take exactly the same time as any other region of the world.

For Credit Cards: 2 -5 business days. (For account holders with credit cards that do not accept withdrawals, withdrawals will be processed by Wire Transfer)

For Wire Transfers: 2-5 business days.

For Electronic Wallets (e.g Liberty Reserve, Moneybookers, Neteller): 1-2 Business Days

Thank you,

Chris A. Zacharia – Official Representative of Trading Point of Financial Instruments

, malaysia.

there is only one thing i worry about which is withdrawal!!im staying in malaysia, can i ask how long do i need to wait if i withdrawal my money back???

, China.

review for TP platform.

i just open a TP real account and injure a little money to TP via LR system,

as my experience.

1)deposit is quick, money credit to account instantly.

2)MT4 order execution is quickly, i use more Mt4 platfor,. i must say TP is a best.

3)minimum account size is nice, so client can test his trade no need more fund, maybe 1$ is enough

4)sole disadvantage is withdraw more slow.and has some verified. i am afraid of money frozen if i injure big money again.

so i do a withdraw action, but money no return my LR account, i think next week i can received.

if little fund can work, maybe i add money step by step.

i can;t assure TP broker what he can do at the future.

i will report my review according to my true trade

, Limassol, Cyprus.

Official Representative of Trading Point of Financial Instruments Ltd.

Dear Traders Friend,

As noted below in our previous response, Trading Point has not deducted the 5% charge for your withdrawal as we cover the fee for outgoing withdrawals from our bank which is the sending bank.

The fee has been charged by your bank during the arrival of the funds.

Additionally in your video and your responses you have had made several accusations which you have been provided explanations below and on which you have not commented further therefore leaving them to as an open accusation towards Trading Point.

Even more you have made a comment stating “Do not listen to people who make their monies cheating hard-working people.” From my understanding you are indirectly claiming that Trading Point has in some way cheated you which is something 100% Non Ethical, Not Fair and an overall invalid accusation which I would recommend you refrain from practicing.

Thank you,

Chris A. Zacharia

Official Representative of Trading Point of Financial Instruments Ltd.

, USA.

While Chris is a polished and accomplished Gentleman, his assessment of this situation is not totally honest. I finally got my wire transfer which has no fee from my bank whatsoever and but it was about 5% less than what I requested. People please if You want accurate information, listen to other traders. Do not listen to people who make their monies cheating hard-working people. You may also watch my video, "Trading Point review" on youtube. Look at some of the email from the company and judge for yourself. My advice is stay away. I have had a few brokers in my time, but this one by far has been the hardest to deal with and almost the most dishonest

, Cyprus.

Chris A. Zacharia – Official Representative of Trading Point of Financial Instruments

Dear Dnipro and Jonas,

Thank you for your comments; very much appreciated.

Dear Traders Friend,

As we always monitor comments made by customers and people trying to gain attention as they are very helpful when planning ahead and when evaluating how we are performing as an institution I have taken the time to watch your 15 minutes video which I have found misleading.

Please note the below comments very carefully and you will understand that your comments are totally mistaken:

1. When you are trading with a European licensed broker, funding and withdrawing is obligatory to come from the same source unless there is a real reason for this which we as a broker can explain to our regulator.

2. In your case you initially deposited funds to your account through your credit card. When you later requested a withdraw for 600 USD through Wire Transfer you were informed by our back office clerk that your withdraw had to be filed through credit card which was your original source of funding.

3. Once you did file for a withdraw of $600 through credit card your credit card issuer denied the transaction and was capped to $130 as your credit card issuer could not accept withdraws (was not part of the EFT program  http://en.wikipedia.org/wiki/Electronic_funds_transfer) to sources exceeding the amount of original deposit.

4. Which is when our backoffice clerk took the answer from your bank and used it as proof to permit you to withdraw the remaining amount through Wire Transfer.

5. Finally when you did file for a withdraw of the remaining amount through Wire Transfer (Bank Transfer) the account information you provided were Wrong therefore causing the funds to be returned back to us once again.

6. I have read all the correspondence between our backoffice and your self and although I am very strict with my handlings I can easily state that they have been very helpful and very explanatory.

7. Finally the 1% fee you claim in your misleading video is totally false and I am categorically clear that Trading Point does NOT charge any fees when depositing or withdrawing. The charge originates from your bank which should take the time in investigating the fee which you have been charged as this Fee does not come from our side.

I am not sure which broker you have been using in the past or present but (un)fortunately European Licensed Brokers are obliged to follow procedures to prevent Money Laundering activities which makes the forex market a safer place and ensures the privileges our customers have in difference to when trading with NON regulated “brokers” which accept deposits and withdraws from any source with NO guarantees and NO account segregation.

I hope I have provided you with all the information you need in order for you understand that the first thing we care about is our customers and secondly your video is 100% misleading to viewers.

All cases are handled on a 1 on 1 basis and all customers are 100% ensured of transparency. If you need any additional clarifications you can feel free to email me at chris@trading-point.com.

Best Regards,

Chris A. Zacharia – Official Representative of Trading Point of Financial Instruments

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