Xm bonus review

Withdrawals are processed in 24 hours for all methods of transaction. Minimum withdrawal amounts are $5 for all methods of transaction except for bank wires where withdrawal amount is set at a minimum of $200.

Free forex bonuses

B) THE BIG SMALL trading contest pays out a guaranteed sum of $2000. It commences every thursday at 14.00 server time. Traders start off with $10,000. Registration starts with a ticket price of 100CAD, with a top-up of $C50 hourly if needed.

XM review

Regulated by cysec and the FCA (UK)

Minimum deposit

Welcome bonus

US traders not allowed

Screenshots

Full review

XM is the forex brand of trading point holdings ltd. This company is located in limassol, cyprus. It has a trading branch in new zealand and the UK. Trading point NZ ltd is registered with the FSP under registration no. FSP235905, while trading point of financial instruments ltd is regulated by the cyprus securities and exchange commission (cysec) under license number 120/10. The company is also registered with the financial conduct authority (FCA) with license number 538324.

Special offers and bonuses

XM has a loyalty program as well as various bonuses and promotions.

A) there is a no-deposit $30 account bonus which is given to new traders to be able to get a feel of what the market is like when trading with real money.

B) there is also a two-tier account opening bonus, which requires a deposit to activate. Traders can get 50% of their account deposit up to a maximum of $500, as well as an additional 20% bonus when total account deposits total $5000.

C) traders can also gain XM points, which can be exchanged for cash or for bonuses. This is the XM loyalty program, which is only open to real account holders. Points can be earned on every lot traded without upper limits, and these points can then be redeemed either for real cash or credit bonus rewards.

D) finally, there are several seasonal bonuses (such as bonuses awarded at christmas) and some other invitation only bonuses.

XM also has a number of trading contests where traders can trade on real accounts in order to win prizes.

A) there is a starter contest so that traders can get to see what trading contests are like. This is a contest which pays $20 to its winner.

C) the BIG FREE trading contest is free to join and features a guaranteed prize pool of $500. It is a weekly contest.

Types of trading accounts

The following account types are available on XM:

A) micro: the minimum contract size on the micro account is 0.01 lots. The minimum deposit on a micro account on XM is between $5 and $20,000. As far as leverage is concerned, there are two leverage amounts allowed. There is a maximum leverage of 888:1. Spreads on all majors is variable and starts from 1 pip. The maximum trade size is 100 lots and a maximum of 200 orders can be opened at a time. Hedging and the use of expert advisors are allowed on the micro account.

B) standard: when it comes to the standard account, we can say that the same conditions that operate on a micro account also operate on the standard account, with the exception of the contract size which is a minimum of 1 standard lot. Traders also need to deposit between $20,000 and $100,000 to be able to trade the standard account. The maximum trade size is 50 lots.

C) executive: maximum leverage on the executive account is 100:1, with minimum account balance of $100,000. The minimum trade size is 50 lots, and the use of experts and hedging strategies is also allowed.

On all account types, traders can also open swap-free versions in accordance with islamic principles of investing. All accounts can also be operated in multiple currencies: USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB.

Trading platform features

XM offers its clients the following trading platforms:

A) XM MT4: this is the standard MT4 platform and comes in two versions; one for windows computers and another for mac computers.

B) XM multiterminal: this is the MT terminal specially designed for fund managers and those trading multiple accounts on XM.

C) XM mobile platforms: several mobile platform are available for trading on XM. These include the XM droid trader for android devices, the ipad and iphone trader and the mobile trader for windows phones.

D) XM MAM trader: this is the trading platform specially dedicated to the PAMM account model of trading.

E) XM webtrader 4: this is the web-based version of the MT4 platform.

Commissions and spreads

Below is the table of spreads for the micro accounts on one hand, and the standard/executive accounts on the other.

A) spreads on micro account

B) spreads on standard/executive account

Charting packages

The charting packages are in-built to the trading platforms in use on XM.

Education and demo accounts

Traders can get access to a $100,000 free and unlimited demo account.

Customer service

The customer service desk is available 24 hours a day and five days a week through the following channels:

There is also a live chat service available in several languages for traders to get instant solutions to their issues.

Deposit and withdrawals

Deposits and withdrawals are made easy due to the various methods of transaction that are available to traders. Deposits are made with the following methods:

– credit cards: VISA and VISA electron, mastercard, diner’s club, maestro and unionpay

– electronic payments: sofort, webmoney, ideal, skrill, paysafe, cashu, giropay, moneta.

– western union and moneygram

Deposit limits are set at a minimum of $5 for all methods except for western union and moneygram which have minimum deposit limits of $100.

Conclusion

The XM platform is going to be a thrill to use for those who want to partake of the special features and simplicity of the MT4 platform. The trading contests can also be a good mechanism for traders to make money and add to their trading capital. With an array of deposit and withdrawal methods of transaction, traders can also transact on their accounts in many ways, giving them versatility.

XM no deposit 30 USD bonus – read an honest review

Platform

Min. Volume

Action

XM forex broker is a great place to get started for a next FX professional. This broker gives you access to XM no deposit 30 USD bonus campaign and allows you to use metatrader4 and MT5. This is one of the only brokers that makes MT4 live trading available to you without making a deposit. You should certainly try this XM no deposit bonus, as metatrader 4 is the platform you will most likely have to change to eventually and this promo campaign lets you test drive the platform without any deposits.

XM free 30 USD no deposit bonus description

Getting the 30 USD no deposit bonus on XM is pretty easy. The only thing you need, except for the wish to trade forex, is to go through XM registration, get your account, and confirm your phone number via SMS. As for the bonus, within the maximum of 24 hours (but usually in around 30 minutes), you will get the money credited to your account and you will be able to trade currencies online with XM without making a deposit.

XM free trial available platforms

When it comes to FX trading online, the choice of available trading platforms becomes quite important. Most of the traders end up on MT4 or MT5 platform and this is certainly an advantage of XM. With XM FX broker, traders using mac laptops and desktops will find a hustle way to trade since they offer native access to metatrader 4 for mac OS. Also, the MT4 web platform is also available with XM, this trading terminal could be used for windows and other operating systems too. Like most of the brokers, XM account also enables you to trade on your smartphone.

XM 30$ bonus terms and conditions

XM no deposit 30 USD bonus is unavailable for withdrawals, however, every cent from the profit is yours. You can take your time and only make relevant trades that get you great money on the XM no deposit bonus.

XM free account critics

Many traders have been complaining about this promotion and XM broker in general, this is why forex trading bonus team would strictly advise against it. You may, of course, try your luck and see how fast you can triple your initial balance, however, some traders did have their accounts removed without any prior notification.

We decided to check this bonus on our own. We have to admit, we were positively surprised by the quality of services and web platform from XM. This is why we recommend you try XM trading bonus!

How to get XM $30 no deposit bonus?

XM is a quickly growing international investment firm with over 2.5 million users and 300 professionals. The company offers a trustworthy and convenient trading environment and is one of the few brokers who will allow MT4 live trading without making any deposits. After getting their XM global login, users will be rewarded with $30 no deposit bonus that is available for trading right away. It shouldn’t take longer than a day for the funds to show up in the account.

Steps for getting the no deposit XM bonus:

Getting the bonus is fairly simple. A user only has to register on the platform and activate the account. The registration procedures are very easy to follow. On any page on XM’s website, in the top right corner, there is a green button titled “open an account”. Clicking the button will start the registration process.

The registration includes filling out a standard questionnaire. The first part of it is depicted on the screen below. In this section, the user is asked to fill out some details like name, country of residence and a phone number. A user will also get to choose an account type and trading platform type on this page.

After this information is filled out, the second part of the questionnaire will load. Here, the user is asked to provide some additional details, like the date of birth and address.

The website will also ask whether the user is a US citizen or not, as well as some additional questions to determine the purpose of the client. Once, this information is filled out, the user will set the password, agree to the terms and conditions as well as some other policies that can be viewed through the links and will click the button “open a real account”, and with that, you XM signup will be complete. Don’t stress out, your free XM bonus is almost here!

Once the questionnaire is complete, the user is very close to getting the bonus. All that is left to do is to confirm the email. The notification will be generated and the user will be asked to check the inbox of the indicated email address. Through the link provided in the email, the user will be able to confirm the transaction.

After confirming the transaction the user will finally get to log into the system using their XM members login . They will also be assigned an MT4 ID, which functions as a username when logging into the platform.

The XM no deposit bonus should show up on the account within a day after completing the registration process. The $30 no deposit bonus from XM cannot be withdrawn but can be used to trade in the system. It is a great feature to test the platform and get acquainted with it. It is an especially good feature for beginners, who might not want to risk their own funds while figuring out the basics of trading.

Forex brokers lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

Regulators : ASIC, CYSEC, IFSC

Cryptocurrencies: no

Minimum deposit: $5

Maximum leverage: 1:888

Spreads: low

My score: 8.7

XM forex broker is one of the most well known forex brokers due to its aggressive marketing campaigns, serving thousands of traders from every corner of the world. The official website, xm.Com, has about 5 million visitors per month which should tell something about the popularity of XM between forex traders.

XM group is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 and is regulated by the international financial services commission (IFSC/000261/106).

XM group does not provide services for citizens of certain regions, such as the united states of america, canada, israel and the islamic republic of iran.

XM offers excellent trading conditions for trading in a wide range of instruments, including currency trading, cfds on commodities, indices, energies and stocks and precious metals on two trading platforms MT4 and MT5.

Are you wondering is XM scam or reliable broker? Is xm broker regulated? How can you deposit and withdraw your account? You are in the right place to find the answers of these questions.

In this XM forex broker review, let’s look at account types review, XM bonus campaigns, deposit methods, VPS service and customer service.

Regulation and investor protection

When trading with a forex broker, trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry. Let’s see if xm forex is a scam broker or reliable.

I checked the XM’s licenses because the official website, xm.Com, had so many visitors and investors from different countries. Because only with a strong regulation can serve to such a wide variety of investors. XM is the brand name of trading point of financial instruments.

This company is regulated in different countries. XM group is licensed also by ASIC in australia (trading point of financial instruments pty limited), the IFSC in belize (XM global limited) and by cysec in cyprus (trading point of financial instruments ltd), adhering to enhanced regulatory standards.

Company	country	regulation
trading point of financial instruments ltd.	Cyprus	cysec
XM global LTD	belize	IFSC
trading point of financial instruments PTY ltd.	Australia	ASIC

In addition to licenses, XM also offers further guarantee to clients’ funds in CYSEC. The CYSEC regulated broker’s customer deposits are guaranteed up to 20,000 euro by investor compensation fund. For now, however, australian forex brokers are not covered by any compensation scheme.

XM spreads and account types

XM group offers its clients 4 types of account: MICRO, STANDARD, ULTRA LOW and SHARE account with low spreads.

The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.

The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.

Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.

XM ultra low account is not applicable to all entities of the group.

You may consider this article as a XM trader’s review. Now, in this part of the XM trade review, let’s look at the features of these account types.

Account type	minimum deposit	maximum leverage	spreads & commissions	swap-free opt
micro	$5	1:888	1.7 pip on EUR/USD	yes
standard	$5	1:888	1.7 pip on EUR/USD	yes
ultra low	$50	1:888	0.1 pip on EURUSD	yes

*accounts availability depends on the entity of the group.

**leverage depends on the financial instrument traded.

Base currencies of both the standard account and the micro account are available in USD, EUR, GBP, JPY, CHF,‎AUD, HUF, PLN, RUB, SGD, ZAR. All account types have negative balance protection service and islamic account option. XM ultra low account available currencies are EUR, USD, GBP, AUD, ZAR, SGD.

XM’s minimum deposit is 5 dollars in micro and standard account. XM spreads (average) is 1.7 pips on EURUSD in micro and standard accounts.

Leverage is the amplification of your balance. This allows you to open bigger trading positions according to the leverage you have chosen.

XM offers 1:888 leverage for micro account, standart account and XM ultra low account. Even though with leverage you can make a higher profit, there is also a risk of having a higher loss because the positions you open will be of higher volume.

This leverage does not apply to all the entities of the group. Leverage depends on the financial instrument traded.

You can open up to a maximum of 8 active trading accounts in broker xm. It is optional to use the same personal details as for your other xm forex account. There is no maximum amount you can trade online, but there is a maximum number of 50 standart lots you can tradeonline at streaming prices for standart accounts and 100 micro lots for micro accounts.

The maximum number of positions open at the same time, and for all account types, is 200. If you want to deal in an amount higher than your account type’s maximum lots, you may break your trade into smaller sizes.

Standard account review

The standard account is similar to the normal account on other forex brokers. Minimum deposit limit in this account type is $5 which is really low. I think XM is one of the best forex brokers with low deposit. Spreads offered as 1.7 pips which is average on the forex industry. Maximum leverage is 1:888. This feature is one of the highest leverage. This is advantageus for professional traders who want to use forex robots like expert advisor in meta trader.

Micro account review

Micro account is essentially a nano account type. 1 lot = 1000 units in this account type. Normally 1 lot is equal to 100,000 units. So if you open 1 standard lot EURUSD buy order, you will get 100.000 euros in. However, in the micro account you will get 1000 euros.

It’s called nano account. Nano accounts are mostly used for testing or educational purposes. For example, if you have a forex robot that you want to try, you can try it on the nano account. So you do not have to take risks. Sometimes investors who want to try a new trading strategy can use the nano account. That’s exactly what XM’s micro account type does.

I would recommend FXTM’s cent account if you want to use a nano account type on another broker that offers similar features.

Islamic account review

Muslim investors who do not want to earn or pay interest can opt for an XM’s islamic account. You have to apply to XM for this. Later, the broker may ask you to document your religious faith. XM also has the right to reject your application.

How to open an account at XM forex?

You can open an account easliy at XM forex broker. First of all click the link and go to XM forex website. Then follow these steps:

Fill your personal details such as name, country, language, phone and e-mail.

Select account type and trading platform on trading account details.

Fill your date of birth and adress details.

Select base currency, leverage and account bonus.

Give your financial situation and investor information.

Choose a password and confirm all information.

Push the open a real account button.

After filling in the form and upon completion you will receive an email with your login details that you can use to log in to members area. In this area, you will be able to fund your account by clicking the deposits in the main menu.

Trading platforms

XM offer a variety of trading platforms, including MT4, MT5 and web trader. The web trader platform is excellent because a client can access real-time market information directly from the website without the need to download any software.

Meta trader 4 is one of the most popular system currently in trading sector. All prices and movements are clear and the platform has user-friendly nature. This will vastly increase the performance of any trader. And also, manual and auto trading options are available through MT4.

XM supports MT5 also. Both MT4 and MT5 platforms are available among hundreds of online forex brokers, with the native version of the desktop platforms available for windows operating system (OS) and a mobile app for android and apple ios devices available.

XM provides MT4 multiterminal, which offers a practical and suitable way to manage multiple accounts at the same time from a single interface.

Trading instruments

This broker has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes forex trading, stocks cfds, commodities cfds, equity indices cfds, precious metals cfds and energies cfds.

XM bonus and promotions

It is one of the most generous of the bonus companies. I can give an example of FBS for another. However, the fact that XM has more reliable licenses allows it to be in the one of the first places on my favorite brokers list. In this part of the XM broker review, lets see XM bonus and promotions .

Clients registered under trading point of financial instruments ltd are not eligible for the bonus.

$30 XM forex no deposit bonus

You do not need to funding to benefit from no deposit bonuses. Generally, brokers provide no deposit bonus campaigns to help customers recognize themselves and to overcome trust problems. For more information on bonus types, read the article of best forex bonuses and promotions.

Now let’s look at the conditions of $30 XM no deposit bonus. This is the campaign that XM has most advertised. Perhaps you’ve heard of this campaign before? What are the conditions for this no deposit bonus campaign? I will show you the xm no deposit bonus review below.

XM is one of the major addresses of investors who want to have a no deposit bonus. First of all, the currency may change. If you wish, you can choose from $ 30 instead of 25 EUR, 20 GBP, 25 CHF, 3000 JPY, 30 AUD, 1000 RUB, 100 PLN, 7000 HUF, 40 SGD, 347 ZAR. Only new clients can benefit from the XM no deposit bonus campaign. $30 in the campaign can not be withdrawable, but profits can be withdrawable. You must claim the bonus within 30 days of opening the account.

XM deposit bonus – %50 up to $500 + $20 up to $4500

Deposit bonuses are the type of bonus you can claim for when you fund a certain amount. For example, in a broker with 80% bonus campaign, when you deposit $ 100, you will get a $ 80 bonus. XM deposit bonus is one of these promotions.

When you deposit to XM, you get a 50% bonus until the amount of the bonus is $ 500. For example; you funded $ 1000. 50% of this is $ 500. So the balance of your fx account is $ 1500.

If you fund $ 1200 you will get a $700 bonus via this way:

50% on $ 1,000 + 20% on $ 1,000 = $ 500 + $ 200

The maximum XM deposit bonus you can get in this campaign is $ 5000. You can not withdraw bonuses, but you can withdraw profits at any point in time. If you use XM zero account, you can not use this campaign. I tried to tell all informaiton in this xm bonus review. This xm.Com review contains information about the xm.Com bonus that you won’t find in other xm reviews.

Free VPS

XM VPS service is one of the most popular services for professional investors using a forex robot. This promotion is usually preferred by investors who use forex robots. XM gives you free access to the VPS so that your trade will not be interrupted in the event of internet connention failures, computer errors, power cuts, etc…

Customer services

XM supports a wide range of languages including arabic, chinese, english, french, german, greek, hindi, hungarian, indonesian, italian, japanese, korean, malay, polish, portuguese, russian, spanish, swedish, thai, and turkish. And the brokers’ website, www.Xm.Com, supports +20 languages.

XM’s withdrawal and deposit methods

There are a variety of ways to deposit and withdraw money in brokers that serve different countries of the world. XM also offers a variety of withdrawal methods because it has investors from many countries. The withdrawal and deposit methods are as follows:

Trade forex and cfds on stock indices,
oil and gold.

Claim your 100%
up to $5,000 trading bonus

Risk warning: forex and CFD trading is high risk and can result
in the loss of all your invested capital. T&cs apply

Trade with a regulated broker

Zero commissions

Trade on desktop, mobile and tablet

No hidden fees

Trade on 16 platforms from 1 account

MT4 and MT5, both available for desktop, tablet and mobile devices

Risk warning: forex and CFD trading is high risk and can result
in the loss of all your invested capital. T&cs apply

Why choose XM?

There is a reason why over 3.5 million clients have chosen XM for trading forex and cfds on stocks
stock indices, commodities, metals and energies.

Licensed and regulated

Trading with XM means trading with a licensed and regulated broker.

Up to 888:1 leverage

XM offers its clients up to 888:1 leverage with negative balance protection and no changes in margin overnight or at weekends.

24-hour support

At XM you can enjoy 24/5 support in over 30 languages by live chat, email and phone.

Over 1000 instruments

XM offers trading in over 1000 instruments ranging from forex and cfds on stock indices, oil and gold.

Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (cysec) (licence number 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.

XM live chat

By clicking the "enter" button, you agree for your personal data provided via live chat to be processed by XM global limited, as per the company's privacy policy, which serves the purpose of you receiving assistance from our customer support department.

If you do not give your consent to the above, you may alternatively contact us via the members area or at support@xm.Com.

Please enter your contact information. If you already have an XM account, please state your account ID so that our support team can provide you with the best service possible.

This website uses cookies

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XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

For more information please read our cookie policy.

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Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.

We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.

Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Here is an overview of some of the functions our cookies provide us with:

Verifying your identity and detecting the country you are currently visiting from

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XM review

Trading point of financial instruments

XM group is a group of online brokers. XM group offers the MT4, MT5 and webtrader currency trading platforms. XM.Com offers over 55 currency pairs and cfds on stocks, metals, commodities, equity indices, and energies for your personal investment and trading options.

Former websites of this broker include trading-point.Com.

Other websites related to this company include xmtrading.Com, pipaffiliates.Com, xmarabia.Net, XM.Co.Uk, xmsina.Com.

Broker details

Live discussion

Join live discussion of XM.Com on our forum

XM.Com profile provided by chris zacharia, mar 28, 2017

XM is a forex broker. XM offers the metatrader 5, metatrader 4 and mobile global forex trading top platforms. XM.Com offers over 55+ forex pairs, stocks,cfds, equities, indices, metals, and energies for your personal investment and trading options.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Super legit platform

I have started trading with real money on december 7,2020 and at the end of the month thursday 31 my account was up approximately 53 % .

Everything is working more than expected. And if there is more than five starts for evaluation I will give them all the starts in the sky. What a wonderful company .

They are very honest and sincere and think of clients more than themselves. Any question I ask I get a prompt reply from professional works that really appreciate to help you make money as they earn money too. It is a win win game.

In short, there is no company as good as xm.Com it is really the business itself.

Deposit easy, but its difficult to withdraw

I ve been trading for 2 months use XM broker, yesterday as i want to withdraw quite large above 3000usd suddenly they ask for scan of my bank account with my name on it, i understand that this is for security.

So I sent them as they request, but then they reply I need to sent from my registered email. Now the registered email using gmail that has dots, they receive my email without dots( so they assume its not registered how come since they sent all the daily confirmation to my same email address)

So i ve already change the email with dots and until now there is no reply from them

I just got info that XM has been awarded with best global forex 2020, and I hope they act like one

Length of use: over 1 year

I am utterly disappointed with XM, yesterday they recorded a lower price compared to other platforms and brokers. Due to this irregular behavior and price move, my positions were stopped out and thus disrupting my day, throwing me off balance completely.

Can anyone let me know if such behavior is possible? Customer support always gives you generic response, the feeling of helplessness when you discover your broker does not have your best interest at heart is devastating.

I am now convinced that perhaps I should look for another broker.

I am new to FPA, but I have been looking at the site for a long time, I saw the alerts about xm, but as I had support in portuguese I decided to take a chance, I figured that the problems described might not occur to me!
It was a big mistake on my part, i made some deposits, and i went through unsuccessful operations i lost a good amount of money at xm, so far so good, they are not to blame for that. When I finally make a new deposit and I have a "good" day, I deposited 100 and made 105.71 of total profit 105.71, I thought I will make a withdrawal and continue using the broker, that's when my headache started, I asked for the withdrawal via neteller, in which I had already deposited an amount, my withdrawal was denied and I was asked to withdraw via an astropaycard which had been the method of my last deposit, I went to the chat to complain, because I know about the money laundering law, I should be able to withdraw a part by neteller, after much discussion I was informed that I should withdraw by astropaycard, I accepted and withdrew, but in just 2 minutes after leaving the chat the following email arrived:

Important news
dear client,

We are contacting you regarding account (s) number 40025313 ("your account (s)") maintained at our company.

The trading patterns in your account (s) raise serious concerns regarding the trading bonuses credited to your account (s), as these were used in “cash-back arbitration” activities.

In accordance with the terms and conditions applicable to our credit bonuses, the following activities qualify as "cash-back arbitration":
any form of commercial arbitration
bonuses claimed by multiple accounts that have been registered using the same IP address
various bonus handling practices
violation of any points that are included in our bonus terms and conditions
any fraudulent activities, disputes or situations that our company considers to be fraudulent.

Given the fact that your account (s) trading patterns do not comply with the terms and conditions of the respective trading bonus program, we regret to inform you that any bonuses previously assigned to your account (s) will be deducted, with immediate effect and your account (s) is / are not eligible to participate in any future trading bonus programs.

Please note that our decision on this matter must be considered as definitive and binding on all participants and that, in addition to the notification set forth hereinafter, no further correspondence will be made on the matter in question.

I know that there are people who abuse the bonus programs, but it is not my case, I would be very happy if XM pointed out a concrete proof to the FPA, because accusing customers of having broken the rules at random is very easy for them to steal customers ! And all this happens only when you ask for a withdrawal! While I was losing money with them everything was great, everything was beautiful, it was me having a small profit that started this antics!
It is not a large amount, but note that in the current situation it is complicated to keep losing small amounts! The worst is the feeling of helplessness that we have when dealing with these scams!

I have further investigated the issue raised in your review and I can confirm that it was correctly decided that you will no longer be eligible to participate in any trading bonus programs, due to the nature of your trading activity.

Particularly and for your better understanding, please note that the trading patterns and trading behavior in your trading account(s) held with our company indicated that you were exploiting arbitrage opportunities. As you were accurately informed by the relevant department of our company via email, any actions taken in relation to your trading account(s) were fully in line with our company’s controls and procedures. At this point, I would like to stress the fact that no adjustments were performed to your trading account(s).

In view of the above, kindly note that the same trading conditions will apply to any new trading account(s) registered with our company. In this respect, I regret to inform you that your request to remove these trading conditions from your trading accounts is rejected.

I hope that the above information explains what has occurred, and I would like to assure you that it is not our wish to trouble our clients and further confirm that we always abide by the client - company agreement which governs our business relationship.

Length of use: over 1 year

Please note that I have investigated the issue raised in your review and I can confirm that your withdrawal request under question was correctly and successfully executed by our back office department as per our internal withdrawal procedures.

Notwithstanding the above, you have contacted our company claiming that you did not receive the relevant funds as such, our personnel correctly informed you that in order for us to be in position to escalate the case we need some supporting documents. More specifically, you were requested to provide us with a bank statement starting from the date of the withdrawal (i.E., 25/11/2020) as proof of non receipt of the funds so as to investigate further with the bank.

Due to the fact that we were not provided with the requested document, the relevant department of our company was not in position to escalate the case and as such, I would like to inform you that once we are provided with the requested proof, all the necessary actions will be taken.

I have further investigated the issue raised and I can confirm that the reason as to why your withdrawal requests are being rejected is due to the fact that the bank details submitted are invalid.

Particularly and as you were accurately informed via email by our back office department, we were unable to proceed with your withdrawal requests, as the bank account information you have provided us with was incorrect. At this point, I would like to stress the fact that you submitted several withdrawal requests using different bank accounts; however all of them were bouncing back as invalid.

In addition to the above, I can further confirm that you were requested to provide additional documentation in order to prove that all bank details you input were correct, but we never received any documentation from you and as such, we could not raise the case to our payment service provider.

I would like to assure you that it is not our wish to trouble our clients and further confirm that upon receipt of the requested documentation, the relevant steps will be taken.

Low lavrage

Length of use: 6-12 months

Length of use: over 1 year

->->->->->->->"is hedging allowed on XM MT4/MT5 trading accounts?
Answer:

Yes, you can hedge your positions as much as you can with XM.

The margin requirements will be balanced out and there is no required margin for hedging with XM.

However, for hedging CFD instruments, margin is only required once.

*even when hedging positions, the required margin can be increased due to market conditions.
Please note that XM does not allow ‘arbitrage’ trading on their trading platforms.

There are certain rules to protect other traders and the broker’s benefit. For more information, please refer to XM’s terms and conditions or contact the support team.
Date: mo., 9. Dez. 2019 um 01:01 uhr
subject: important notice - account no. 19123879, 19125255, 19122186, 19125256, 19117576, 18059051, 21188365, 19124598, 19124597, 21188390
to:
cc: christos gogas

Dear sir/madame,
we are writing in connection with your account no. 19125255 19125256(hereinafter “your account”) with our company.
In that regard, our anti-fraud department has brought to our attention that the trading patterns in your account(s) raise serious concerns that your account was being used for ‘arbitrage’ activities.
Pursuant to the terms and conditions such activities are being qualified as fraudulent.
Accordingly, we regret to inform you that, in accordance with the terms and conditions, we have decided, with immediate effect to:
- close all of your trading account(s);

As a result, you are kindly requested to submit a withdrawal request for your remaining balance through the withdrawals section of our members area and this shall be processed accordingly. If no withdrawal request is received within the next 48 hours, your funds will be sent back to the source.In view of the above, please note that you will be strictly prohibited from opening any new trading account(s) and trade with our company. Nonetheless, in cases where you may successfully open an account and trade with our company due to any technical and/or human error, we reserve every right to immediately close your account upon identification, nullify any profit/loss generated and refund the original amount of deposit, excluding any deposit and withdrawal charges, back to the same source of deposit.
Please note that, in accordance with the terms and conditions, our decisions are final and binding on all participants and that, other than the notification set forth herein, no further correspondence will be entered into.
Kind regards
--
XM team

Hello,
I don't use "arbitrage". I only use hedging with 2 accounts. I've been your customer since 3 years and you wanna close all my accounts yet?You will lose a lot of customer because I did free marketing for you. I told all my own customer about you. In these 3 years I never did a mistake and now you will close all my accounts?Then I will switch to another broker and tell all my customer what you do. I like XM and I show my loyality to XM. But you close negative trades and I lose one whole day. How you will make it good?
Best regards
anthony ******

That's now 1 year ago. I write them a new message some days ago to clarify:

Hello,
it‘s now 1 year ago you close all my accounts because you say I did arbitrage. I said to you, I don‘t did arbitrage. I hedged my trades but you don‘t give me a chance to show that. You didn‘t show me any proof. Now I work with a lot of big other brokers. I‘m ready to apologize your mistake because I want to be a customer of xm. Because I know xm has good conditions. Is it possible to clarify? For me it‘s not important. I can be a customer from the other brokers too. That’s your decision. I am not dependent on you. So you can choose now, if you maybe has a very loyal customer, who recommends you to other people or you haven‘t.
Best regards
anthony ******

---------- forwarded message ---------
von: christos gogas
date: mo., 19. Okt. 2020 um 10:54 uhr
subject: my account 19117576
to:

Dear sir/madam,
thank you for contacting us.
Regarding your concern I would like to ask you to refer to the email you received about the status of your account.
Kind regards,

I think they don't read the message, they are all to lazy to clarify that. XM has good conditions but the support isn't existing.

Dec 26, 2019 - 2 stars hello,

XM has good conditions for their customers.
I prefer the deposit bonus and the margin stop out level. The spreads are very stable.

But the support ist terrible. I have been your customer for more then 3 years.
I never did a mistake.

For more then 2 weeks ago I opened two low spread accounts. With one account I bought EURUSD and with the other I sold EURUSD. At the midnight I got a message that I'm a scammer because I used "arbitrage". That's not f***ing arbitrage. That's hedging. So they close all my accounts. After that I wrote a message to my account manager and to the support. I replied the message of them. But they only wrote back "we can't do anything".

What the hell. I was a very loyal customer, I told other people that xm is the best broker. Some of my customers are customers of xm because I told them about them.
You can make one mistake and they give a f on you. That's not a support. They should get 0 stars for that. But I see the positive sides too.

I'm very angry about that. They destroyed my ranking on MQL5 and had stolen more than 4 hours of my life. But thanks to god. I got a meesage from another broker which want to work with me. I would have deposit a very big amount in xm. But now it's to late. I don't want to work with a broker who gives a f on their customer. Bye.

Reply by chris zacharia submitted jan 8, 2020 dear at0nu5,

In order for us to properly investigate this and be able to provide you a comprehensive reply we would need the account number of one of the accounts which you used.

Reply by chris zacharia submitted oct 30, 2020 dear at0nu5,

Following investigation of your trading accounts and trading activity, I can confirm that our business relationship was correctly terminated due to the fact that you were placing opposite orders within your trading accounts. Kindly note that the latter is also confirmed by you in your review above.

This cannot be deemed as an acceptable strategy as you create an environment which does not follow the fair rules of trading and makes the strategy in a way risk free and therefore not permitted. It should be also noted that the latter constitutes a violation of our terms and conditions of business. In addition to the previously-mentioned, I can confirm that the remaining balance in your trading account has been withdrawn.

In view of the above, I regret to inform you that unfortunately, due to the above violation, we are not in position to accept you as a client again.

Kindly note that our company allows its clients to use the hedging strategy; however, by placing opposite orders in-between your trading accounts, you create an environment which does not follow the fair rules of trading and makes the strategy in a way risk free(i.E., exploiting arbitrage opportunities) and therefore not permitted.

Due to our “no negative balance” policy, the trading strategy described above would have limited the potential loss to the entire balance of the account having the loss-making position and the account having the profit-making positions to have unlimited upside potential which would duly cover the losses suffered in the loss-making account.

In this respect, kindly bear in mind that the above cannot be deemed as an acceptable strategy and it is considered as a violation of the company’s terms and conditions of business.

Frequently asked questions

Is XM a good broker?

The best way to answer if XM is a good broker is to read the unbiased traders reviews on forex peace army. Https://www.Forexpeacearmy.Com/forex-reviews/7214/xm-forex-brokers.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we recommend to check recent XM broker community discussions: https://www.Forexpeacearmy.Com/community/tags/xmcom/

What is the minimum deposit for XM broker?

XM brokers offers several account types. Micro and standard accounts have a minimum deposit of $5. Other account types vary in their minimum deposit requirements by region.

How do I deposit money in to my XM broker?

XM's broker deposit procedure is fairly straightforward. Once the account is registered and approved, follow these simple steps:

Select the deposit method (credit and debit cards, neteller, bank wire transfer or other).

Select the XM account and specify the deposit amount.

Enter the appropriate payment details.

Funds availability depend on the funding method, with card deposit being "instant". If you have any questions or problems contact XM broker live chat.

How long does it take to withdraw from XM?

XM broker says they process nearly all withdrawal requests within 24 business hours.

Then it may take another 2-5 business days for the bank to process wire or for card transaction to be reflected in your account.

For faster XM withdrawal you may opt for the XM card or e-wallet, these payments are received the same business day.

Can I withdraw XM bonus?

Profits made by trading XM bonuses are withdrawable. However, you can not withdraw XM bonus itself.

Check the terms and conditions of any bonus program before accepting a bonus.

How much can I withdraw from XM?

XM's minimum withdrawal amount is $5 for credit/debit cards and e-wallets and is $200 for the bank wire.

The maximum withdrawal amount from XM is determined by the payment method with bank wire limits being the highest.

Please be aware of the XM withdrawal priorities, if you deposited money with the credit card or e-wallet, then withdrawal is processed via the same method up to amount deposited before you are able to select other withdrawal methods.

Does XM allow scalping?

XM allows scalping as well as trading during time of increased volatility.

It is always a good idea to check fresh reviews on forex peace army to see if traders recently encountered any serious problems with scalping using XM trading platforms.
Https://www.Forexpeacearmy.Com/forex-reviews/7214/xm-forex-brokers.

What is XM zero account?

XM zero accounts feature near-zero spreads (EURUSD average spread is as low as 0.1 pips) and a no requotes execution policy with all trading styles welcome.

The trade off is a broker commission of $7 per lot round turn charged when opening the trade.

Some regions may have different account options.

Is XM a regulated broker?

XM broker is regulated by several government regulators:

Australian securities and investments commission (ASIC), registration #443670;

Belize international financial services commission (IFSC), registration #IFSC/60/354/TS/18;

Cyprus securities and exchange commission (cysec), registration #120/10.

Does XM charge commission?

XM broker offers several account types:

Micro account and standard account are commission free

XM zero account features ultra-thin spreads but charges commission of $7 per round lot traded payable at the order opening time

Some regions may have other account types

What is XM leverage?

XM offers flexible leverage from 1:1 to as high as 888:1 that can be instantly changed in your account members area.

Higher leverage allows to trade the borrowed capital which increases both the profit potential and the risk of loss.

Some trading strategies like automated scalping may require high leverage while many professional traders do not use much leverage.

Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level. Some regions may only offer lower leverage.

XM review

Regulated by cysec and the FCA (UK)

Minimum deposit

Welcome bonus

US traders not allowed

Screenshots

Full review

Special offers and bonuses

XM has a loyalty program as well as various bonuses and promotions.

A) there is a no-deposit $30 account bonus which is given to new traders to be able to get a feel of what the market is like when trading with real money.

D) finally, there are several seasonal bonuses (such as bonuses awarded at christmas) and some other invitation only bonuses.

XM also has a number of trading contests where traders can trade on real accounts in order to win prizes.

A) there is a starter contest so that traders can get to see what trading contests are like. This is a contest which pays $20 to its winner.

C) the BIG FREE trading contest is free to join and features a guaranteed prize pool of $500. It is a weekly contest.

Types of trading accounts

The following account types are available on XM:

Trading platform features

XM offers its clients the following trading platforms:

A) XM MT4: this is the standard MT4 platform and comes in two versions; one for windows computers and another for mac computers.

B) XM multiterminal: this is the MT terminal specially designed for fund managers and those trading multiple accounts on XM.

D) XM MAM trader: this is the trading platform specially dedicated to the PAMM account model of trading.

E) XM webtrader 4: this is the web-based version of the MT4 platform.

Commissions and spreads

Below is the table of spreads for the micro accounts on one hand, and the standard/executive accounts on the other.

A) spreads on micro account

B) spreads on standard/executive account

Charting packages

The charting packages are in-built to the trading platforms in use on XM.

Education and demo accounts

Traders can get access to a $100,000 free and unlimited demo account.

Customer service

The customer service desk is available 24 hours a day and five days a week through the following channels:

There is also a live chat service available in several languages for traders to get instant solutions to their issues.

Deposit and withdrawals

Deposits and withdrawals are made easy due to the various methods of transaction that are available to traders. Deposits are made with the following methods:

– credit cards: VISA and VISA electron, mastercard, diner’s club, maestro and unionpay

– electronic payments: sofort, webmoney, ideal, skrill, paysafe, cashu, giropay, moneta.

– western union and moneygram

Deposit limits are set at a minimum of $5 for all methods except for western union and moneygram which have minimum deposit limits of $100.

Conclusion

Forex brokers lab

BROKERS with LOW SPREADS

ASIC REGULATED BROKERS

BROKERS with MINIMUM DEPOSIT

BEST FOREX BONUSES

Regulators : ASIC, CYSEC, IFSC

Cryptocurrencies: no

Minimum deposit: $5

Maximum leverage: 1:888

Spreads: low

My score: 8.7

XM group does not provide services for citizens of certain regions, such as the united states of america, canada, israel and the islamic republic of iran.

Are you wondering is XM scam or reliable broker? Is xm broker regulated? How can you deposit and withdraw your account? You are in the right place to find the answers of these questions.

In this XM forex broker review, let’s look at account types review, XM bonus campaigns, deposit methods, VPS service and customer service.

Regulation and investor protection

When trading with a forex broker, trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry. Let’s see if xm forex is a scam broker or reliable.

Company	country	regulation
trading point of financial instruments ltd.	Cyprus	cysec
XM global LTD	belize	IFSC
trading point of financial instruments PTY ltd.	Australia	ASIC

XM spreads and account types

XM group offers its clients 4 types of account: MICRO, STANDARD, ULTRA LOW and SHARE account with low spreads.

The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5.

The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5.

Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.

XM ultra low account is not applicable to all entities of the group.

You may consider this article as a XM trader’s review. Now, in this part of the XM trade review, let’s look at the features of these account types.

Account type	minimum deposit	maximum leverage	spreads & commissions	swap-free opt
micro	$5	1:888	1.7 pip on EUR/USD	yes
standard	$5	1:888	1.7 pip on EUR/USD	yes
ultra low	$50	1:888	0.1 pip on EURUSD	yes

*accounts availability depends on the entity of the group.

**leverage depends on the financial instrument traded.

XM’s minimum deposit is 5 dollars in micro and standard account. XM spreads (average) is 1.7 pips on EURUSD in micro and standard accounts.

Leverage is the amplification of your balance. This allows you to open bigger trading positions according to the leverage you have chosen.

This leverage does not apply to all the entities of the group. Leverage depends on the financial instrument traded.

Standard account review

Micro account review

I would recommend FXTM’s cent account if you want to use a nano account type on another broker that offers similar features.

Islamic account review

How to open an account at XM forex?

You can open an account easliy at XM forex broker. First of all click the link and go to XM forex website. Then follow these steps:

Fill your personal details such as name, country, language, phone and e-mail.

Select account type and trading platform on trading account details.

Fill your date of birth and adress details.

Select base currency, leverage and account bonus.

Give your financial situation and investor information.

Choose a password and confirm all information.

Push the open a real account button.

Trading platforms

XM provides MT4 multiterminal, which offers a practical and suitable way to manage multiple accounts at the same time from a single interface.

Trading instruments

XM bonus and promotions

Clients registered under trading point of financial instruments ltd are not eligible for the bonus.

$30 XM forex no deposit bonus

XM deposit bonus – %50 up to $500 + $20 up to $4500

When you deposit to XM, you get a 50% bonus until the amount of the bonus is $ 500. For example; you funded $ 1000. 50% of this is $ 500. So the balance of your fx account is $ 1500.

If you fund $ 1200 you will get a $700 bonus via this way:

50% on $ 1,000 + 20% on $ 1,000 = $ 500 + $ 200

Free VPS

Customer services

XM’s withdrawal and deposit methods

so, let's see, what we have: XM review regulated by cysec and the FCA (UK) minimum deposit welcome bonus US traders not allowed screenshots full review XM is the forex brand of trading point at xm bonus review