Xm affiliate review
XM IB program or XM partner program exists in the partnership section of the XM website.Real forex bonuses
XM affiliate program
XM IB program
If you are looking for a chance to be an affiliate, you can try xm.Com. XM.Com partners offer up to $25 per lot as revenue share for affiliates.
Xm.Com is a broker situated in cyprus, and it has clients all over the world. The cysec regulates the business of xm.Com, which guarantees the credibility of xm.Com. The main platform to trade at forex, commodities, and what not is metatrader4, and to start trading, you will need the initial deposit of 5 dollars. The platform is supported on PC, ios, and android-based mobile devices. XM review will provide all facts about the broker.
Xm.Com offers different types of affiliate programs, and there are four basic. One of the most popular affiliate programs is the local representation, meaning that you act as a local representative for xm.Com. Each referred client who makes a trade or deposits a certain amount will get you profit.
The same as easy and with good revenue, a money management program allows you to run multiple accounts through the MT4 trading platform and earn money from commissions and trades your accounts manage.
XM IB program or XM partner program exists in the partnership section of the XM website. Affiliate payments from XM are every week, usually on thursday. The affiliate platform is rich and excellent, with many trading tools, banners, analytics dashboards, etc.
XM affiliate login is now in the partnership section: XM partners.
XM partners receive money via bank wire, skrill, or neteller. XM deposit and withdrawal methods for clients are credit cards, bank wire, skrill, neteller, and various electronic payment methods.
Xm affiliate review
Affiliates and ibs from 196 countries choose XM as their partner.
Affiliates and ibs from 196 countries choose XM as their partner.
Get more than a partner account at XM partners
No limits on
commissions per client
No limits on
total commissions
Payments on time,
every time
Material in
over 25 languages
No limit on commissions per client
We speak more than 30 languages
- 01 NO REQUOTES
- 02 NO REJECTIONS
- 03 24-HOUR SUPPORT
- 04 NEGATIVE BALANCE PROTECTION
- 05 zero fees
- 06 LICENSED AND REGULATED
- 07 MT4/MT5 TRADING
- 08 16 PLATFORMS
- 09 UP TO 888:1 LEVERAGE
- 10 UP TO $5000 BONUS
We are thrilled to inform our partners and introducers of business about our upcoming forex trading seminars across africa, starting as of april. Planned to [..]
This march, senior market strategist of tradepedia habib akiki, accompanied by our XM staff members, returns to morocco with a new forex seminar dedicated to [..]
XM is one of the most trustworthy brokers we work with. Tracking, conversions and account management are second to none. Andrew wright
XM partner program is one of the best programs, which I have seen in between the biggest brokers, fortunately I got one of the best manager, and he helped me a lot in marketing plus for sure helping my clients correct. Ahmed zaman
Working with XM for few years now, and I really believe they are the best and most honorable broker out there, tested many and still XM is on the top of my list. Miro pavlov
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.
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This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
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.
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Xm affiliate review
XM AFFILIATE & PARTNERSHIP REVIEW
With over 190,000 clients in 196 countries, XM is recognized as one of the largest and most successful forex brokerages in operation today. Its clients have access to international markets and instruments including forex, cfds on equity indices, precious metals, and energies.
A true industry pioneer, XM has often led the way with its trading policies, operational procedures, educational offerings, and on- going promotions; all designed from the outset to deliver clear and effective benefits to its clients.
Fully licensed and authorized by highly respected regulatory bodies ASIC , cysec, and the IFSC ; XM provides a secure trading environment that adheres 100% to the strict legal framework and operational parameters of its regulators. Furthermore, safety of client funds is also provided by means of banking only with top- tier international banks, and holding client funds in segregated accounts.
The XM partner program is one of the company’s most valuable and successful areas of business. Since the company was founded in 2009, its partner program has been refined and developed to make it the most competitive and attractive offering in the market. XM affiliates and introducing brokers have been paid over 12 million dollars in commissions in 2014 alone. This mammoth figure is made possible by a generous commission structure offering up to $25 per lot , the ability to earn an additional 10% from sub- affiliates , and having no upper limits on how much can be earned per client or per month.
The earning potential therefore, is unlimited. With such high commissions and XM’s commitment to always paying its partners on time, it’s clear why many affiliates and ibs have come to rely on their commissions from XM as their sole source of income.
Whether you are new to the forex business or are already an active introducing broker, XM has the expertise to help you take your business forwards. The XM team will work closely with you in the spirit of true partnership to help you achieve and even exceed your business goals.
From A to Z, XM makes a full suite of tools and promotional material available to its partners. XM will help you develop your online brand presence and reach, or even provide a website for you if you don’t already have one. This is in addition to a range of banners, landing pages, and newsletters, all containing custom tracking links. And if there’s something you want that’s not readily available to you, all you need to do is ask and XM will take action to provide you with whatever you need.
The provision of real- time reporting and analytics enable you to monitor, evaluate, and adjust your campaigns with ease in accordance with detailed performance data. The ability to manage your marketing campaigns and promotions with this degree of control and accuracy, coupled with the multiple language options at your disposal, make it easy to reach new markets and expand your business even further.
Those whose first language is not english, need not worry. XM understands the need for clear communication, particularly in regards to business and client investments, which is why over 20 languages are currently supported, both online and via its customer support and back office departments.
Clients of XM partners have access to the full range of benefits that direct clients enjoy. There is no distinction or discrimination. This also extends to the protection provided on the funds of retail clients which are insured up to 20,000 euros by the investor compensation fund , of which XM is a member (only for clients registered under trading point of financial instruments ltd).
Last but certainly not least, is another key feature of the XM partner program, which is that all partners (and their clients) enjoy personal support and assistance around the clock, in their own language.
By your side at every step, XM seeks to forge long- term healthy relationships with all of its partners, as they believe this is the path to mutual success.
XM group review
Since it was founded in 2009, XM group has grown to become one of the largest and well-established investment firms with more than 1,500,000 clients worldwide.
XM group provides support for more than 30 languages, while it aims for 99.35% of all its trading orders to be executed in less than one second, with no re-quotes and no rejections.
With clients from more than 190 countries, XM group offers a range of services including currency trading, cfds on equity indices, precious metals, and energies. There are also more than 25+ secure payment methods available to traders, across 16 full feature trading platforms.
XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in 2009 in limassol, cyprus and is regulated by cysec with license number 120/10. XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106)
- Used by 700,000+ traders
- Established in 2009
- Regulated by IFSC, cysec, and ASIC
- Min. Deposit from €5
To open a live account, you’ll need a minimum deposit of at least €5. Alternatively, XM group offers a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by cysec (licence: 120/10), and ASIC (AFSL #443670). XM group puts all client funds in a segregated bank account and uses tier-1 banks for this. XM group has been established since 2009, and have a head office in cyprus & belize.
Before we dive into some of the more detailed aspects of XM group’s spreads, fees, platforms and trading features, you may want to open XM group’s website in a new tab by clicking the button below in order to see the latest information directly from XM group.
Full disclosure: we may receive a commission if you sign up with a broker using one of our links.
78.04% of retail investors lose money when trading spread bets and cfds with this provider.
What are XM group's spreads & fees?
Like most brokers, XM group takes a fee from the spread, which is the difference between the buy and sell price of an instrument.
The commisions and spreads displayed below are based on the minimum spreads listed on XM group’s website. The colour bars show how competitive XM group's spreads are in comparison to other popular brokers featured on brokernotes.
| XM group | |||
|---|---|---|---|
| EUR/USD (average: 0.7 pips) | 0.1 pips + $10.00 | 0.09 pips + $5.00 | 0.1 pips |
| GBP/USD (average: 1.1 pips) | 0.1 pips + $10.00 | 0.59 pips + $5.00 | 0.1 pips |
| USD/JPY (average: 1.1 pips) | 0.1 pips + $10.00 | 0.25 pips + $5.00 | 0.1 pips |
| AUD/USD (average: 0.8 pips) | 0.2 pips + $10.00 | 0.17 pips + $5.00 | 0.2 pips |
| USD/CHF (average: 2.3 pips) | 0.2 pips + $10.00 | 0.35 pips + $5.00 | 0.2 pips |
| USD/CAD (average: 2.9 pips) | 0.2 pips + $10.00 | 0.31 pips + $5.00 | 0.3 pips |
| NZD/USD (average: 3.6 pips) | 0.3 pips + $10.00 | 1.1 pips + $5.00 | 0.3 pips |
| EUR/GBP (average: 2.4 pips) | 0.2 pips + $10.00 | 1.0 pips + $5.00 | 0.1 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, XM group’s minimum spread for trading EUR/USD is 0.1 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with XM group vs. Similar brokers.
How much does XM group charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with XM group at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.85. Here’s a rough breakdown of the fees and how this compares against IG & XTB .
| XM group | IG | XTB | |
|---|---|---|---|
| spread from : | $ 1.00 | $ 6.00 | $ 2.00 |
| commission : | $0.00 | $0.00 | $0.00 |
| total cost of a 100k trade: | $ 1.00 | $ 6.00 | $ 2.00 |
| $5 more | $1 more | ||
| visit XM group | visit IG | visit XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with XM group?
XM group offers over 261 different instruments to trade, including over 55 currency pairs. We’ve summarised all of the different types of instruments offered by XM group below, along with the instruments offered by IG and XTB for comparison.
| FX / currency cfds | XM group | IG | XTB |
|---|---|---|---|
| # of forex pairs offered | 55 | 90 | 48 |
| major forex pairs | yes | yes | yes |
| minor forex pairs | yes | yes | yes |
| exotic forex pairs | yes | yes | yes |
| cryptocurrencies | no | yes | yes |
| commodity cfds | XM group | IG | XTB |
|---|---|---|---|
| # of commodities offered | 15 | 34 | 21 |
| metals | yes | yes | yes |
| energies | yes | yes | yes |
| agricultural | yes | yes | yes |
| index & stock cfds | XM group | IG | XTB |
|---|---|---|---|
| # of stocks offered | 160 | 8000 | 1606 |
| UK shares | yes | yes | yes |
| US shares | yes | yes | yes |
| german shares | yes | yes | yes |
| japanese shares | yes | yes | yes |
| see XM group's instruments | see IG's instruments | see XTB's instruments |
What’s the XM group trading experience like?
1) platforms and apps
XM group is one of the few brokers that offer both of the metatrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both mac and windows allows traders to trade with their device of choice.
XM group also offer mobile apps for android and ios, making it easier to keep an eye on and execute your trades while you are on the move.
Still not sure?
2) executing trades
XM group allows you to execute a minimum trade of 0.01 lot. This may vary depending on the account you open. XM group allows you to execute a maximum trade of 100 lot.
As a market maker, XM group may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.
As a nice bonus, XM group are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
XM group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by XM group here.
Finally, we’ve listed some of the popular funding methods that XM group offers its traders below.
Trading features:
- Allows scalping
- Allows hedging
- Low min deposit
- Offers negative balance protection
Accounts offered:
- Demo account
- Micro account
- Standard account
- Zero spread account
- Islamic account
Funding methods:
3) client support
XM group support 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.
XM group has a brokernotes double AA support rating because XM group offer over three languages
4) what you’ll need to open an account with XM group
As XM group is regulated by IFSC, cysec, and ASIC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore XM group’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with XM group you can visit their website here.
A review & guide to trading with XM
XM group is a group of online regulated brokers. Trading point of financial instruments ltd was established in limassol, cyprus and is regulated by cysec with license number 120/10. Trading point of financial instruments pty ltd was established in sydney, australia and is regulated by ASIC with license number 443670. Let us take a quick look at some of the basic features of this platform which are important to note when considering XM as an online broker.
Trading systems
XM offer a variety of trading platforms, including web trader, MT4 and MT5. Web trader is excellent due to the fact that a client can access real-time market information directly through the website without having the need to download any software. This is ideal for those with limited hard disk space or who wish to access their account through a smartphone.
Metatrader 4 is one of the most popular systems currently in place. Not only are all prices and movements clear, but its user-friendly nature will vastly increase the performance of any trader. It should be noted that both manual and automatic trading options are available through metatrader 4.
Types of accounts
The first level of trading account is known as their micro trading account, which can be opened with $5. This is aimed at those who are learning the forex markets and wish to trade micro lots.
XM group’s standard trading account represents the next level up. As the name suggests, this is the type that is primarily used by seasoned traders who are willing to expose themselves to a moderate amount of risk with standard lots. One of the primary differences with this account is that larger contract sizes are available.
XM zero accounts require a minimum deposit of $100 and offer spreads as low as zero pips, along with XM’s no re-quotes execution policy. It’s important to note that XM charge a total commission of $7 for every $100,000 traded on their zero account.
Demonstration accounts are also available. These are intended for those who wish to try out the platform before making an ultimate decision. Interestingly enough, no less than $100,000 dollars in virtual funds are provided. It should be mentioned that XM also offers islamic accounts for those who wish to trade under the principles of sharia law.
Spreads and commission
As with most online forex brokers, the spreads will depend upon the trading system and the type of account. Spreads can start as low as zero pips (on a zero spread account). An added benefit in regards to these pips is that fractional pricing is available; five digits are provided as opposed to the standard four digits offered in other sites. Both fixed and variable spreads can be chosen by the trader.
There are no commissions charged by XM. Instead, the company makes a profit on the spreads of the trades themselves. There are therefore no hidden fees and the gains (or losses) which a trader makes are quite real.
Underlying assets
There are several different instruments that can be traded through XM. Some of the most popular are:
- Forex
- Stocks cfds
- Commodities cfds
- Precious metals cfds
- Energies cfds
- Equity indices cfds
No EFT trading is supported by this platform.
Reliability and efficiency
XM.Com is considered by many to be one of the most reliable platforms available for those who wish to execute real-time trades (nearly 100% are completed in less than one second). There will be no re-quotes and all figures are as they stand upon the execution of a position. Due to the use of the previously mentioned trading platforms, there is little lag times between the observed prices and their actual market equivalents. However, this will partially rely upon the processing power of one’s computer and its connection speed.
Payment and withdrawal methods
XM group accepts the most commonly used local payment methods today including credit/debit card, neteller, skrill, bank wire transfer, etc.
It should be noted that it’s currently not possible to use paypal to deposit or withdraw funds.
Customer support
XM boasts appreciable levels of client engagement and support. A live chat widget, email and telephone number are offered as standard to clients of all account levels. One of the most interesting features of this support is that (currently) XM provides customer service in no less than 20 different languages. Facsimiles are also able to be sent to four different numbers depending upon one’s physical location. These support services are only available from monday through friday. Any requests put forth during the weekend will be addressed on the next business day.
Conclusion
XM group is quite a popular online broker for traders of all skill levels. Its primary benefits are the high reliability of trade executions, easily manageable platforms, and no order rejection.
Still, there are some downsides to be noted. As mentioned previously, the use of paypal for money transfers is currently not supported. There is little difference (besides the risk and trading volume) of the three account types. Finally, the fact that customer support is only available from monday until friday may slightly aggravate some traders who wish to execute positions during the weekend. XM.Com is nonetheless a powerful online forex broker which should not be overlooked.
Marcus founded brokernotes in 2014 after trying hard to find a broker for himself to trade and struggling to compare brokers like-for-like. You can find more about brokernotes & marcus here.
Cfds are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.Xm.Com on 01/02/2021.
XM group not quite right?
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XM review
Regulation and security
XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106).
XM’s regulation in cyprus provides its clients there with a degree of investor protection, as cysec maintains an investor compensation fund which is empowered to award depositors who lose their accounts due to failure of a regulated firm an amount up to €20,000.
XM has been in operation as a brokerage since 2009, giving it a relatively long track record. Typically, it can be said that the longer a broker has been in business, the more reputable the broker should be held to be. This means that XM can be said to have a substantial track record and an established reputation of safety as a brand which it will wish to protect.
Like all forex / CFD brokerages regulated in member states of the european union like cyprus, all clients of XM enjoy negative balance protection. This means that it is impossible for any client to lose more than the amount they have deposited with XM. The “tail risk” of an extremely large and sudden market movement, amplified by any leverage used, is borne fully by XM under this european union regulation.
| ��️ headquarter | cyprus, belize, australia |
| ⚖️ regulations | cysec, ASIC, IFSC |
| �� type of broker | market maker |
| �� minimum deposit | $5 |
| �� maximum leverage | 1:888 *the maximum leverage foe clients registered under the EU regulated entity of the group is 30:1 |
| �� type of platform | metatrader 4, metatrader 5, web-based |
| �� deposit with credit card | yes |
| �� depositing with wire transfer | yes |
| �� demo account provided | yes |
| ��️ instruments traded | forex cfds, commodities cfds, equity indices cfds, precious metals cfds, energies cfds |
The question of fees charged by a brokerage should always be paramount in the mind of anyone searching for the right forex / CFD broker. In considering the question, all costs of doing business must be considered carefully. We can break the entirety of fees and costs into two separate sub-categories: fees which are incurred through opening and closing trades, such as spreads, commissions, and overnight financing; and incidental fees, such as charges imposed by the brokerage due to account inactivity, or transaction fees applied to deposits or withdrawals. The trading fee element is going to be most important by far so this should be examined first.
Looking at trading fees first, we begin with spreads and commissions, which should be lumped together as an all-in “round trip” cost covering the opening and closing of a trade. As XM offer a few different account types which charge slightly different fees, we will judge the trading fees of its most common account type, the standard account.
The average round trip cost of trading the benchmark EUR/USD forex currency pair is 1.7 pips. However, this falls to only 0.8 pips in the XM zero account.
The average round trip costs of trading individual stocks, soft commodities, and equity indices are average for the industry.
Finally, data on the average round trip cost of trading the precious metals gold and silver shows that it is never below 30 cents for gold and 3 cents for silver.
It can be said that these levels of spreads and commissions are competitive for depositors of relatively low amounts. The minimum deposit required to open a standard account is only $5, so for traders depositing only a few hundred dollars or less, these fees will certainly be competitive. However, traders with considerably larger sums to deposit such as a few thousand dollars would be able to find more competitive alternative brokerage options within the industry, unless they wish to open an XM zero account which has extremely competitive fees.
The next thing to consider as part of the fee structure is overnight financing, which is usually a net charge applied to every trade daily which is open at 5pm new york time, although it can sometimes be a payment. These fees are, at least theoretically, based upon tom/next fees applied in the intrabank market, but retail brokerages tend to offer relatively unfavorable rates which can make swing or position trading expensive, especially when buying into currencies with very low or negative interest rates. XM are open and transparent about their overnight financing rates, which is a good sign. XM state that their rates are based upon the bank market’s tom/next rates plus the XM mark-up. Comparing the rates offered at the time of review to the industry average, their overnight financing rates are relatively competitive, meaning that XM may be a good choice for traders who wish to hold positions open for periods longer than a day or two.
We end this section on fees by looking at incidental transaction fees, occurring through non-trading processes.
XM charges an account inactivity fee of $5 per month after 90 days. XM charges no additional fees on deposits or withdrawals except where an amount of less than $200 is moved by wire transfer. Overall, this is not a bad deal, unless you are making a very low deposit and will want to make no trades at all for a period which may be longer than one month.
Our conclusion on fees: XM’s fees are competitive for traders making deposits under $1,000 across all account types, while the XM zero account is competitive at any deposit level.
What can I trade
After regulation, safety, and the fee structure, the next most important element to consider when choosing a forex / CFD brokerage is what is offered for trading on the broker’s menu. Some traders will be seeking exposure only to one asset class, such as forex, or cfds on individual stocks and shares, while others will be looking for diversification.
XM offer the following instruments for trading:
Forex – more than 55 currency pairs and crosses, including exotic currencies, as listed below.
Stocks – an extremely wide selection of individual stocks are offered for trading, with more than 1,200 different equities currently listed by XM. This is a very impressive, wide range of choice offered as an access to global equities. Stocks are offered from seventeen different national equity markets, including of course the major markets such as the U.S.A., the U.K., germany, switzerland, and australia, but also russia. Otherwise, the geographical markets are entirely european. Traders interested in trading individual major market stocks should give XM serious consideration as a broker of choice.
Commodities - a decent selection of 8 soft commodities are offered, which is more than most brokerages run to. They are listed below.
Five energies, including natural gas, are available to trade.
The final element of XM’s commodities offering are precious metals, namely, gold and silver. More exotic precious metals such as platinum and palladium are not available.
Equity indices – 18 major equity indices are on the menu, which is a decently wide-ranging selection for choice. The full list of equity indices is set out below.
Our conclusion regarding XM’s offering of tradable assets is favorable, with a wide range of asset classes offered that should satisfy most traders. The offering is especially impressive concerning global equities, with an unusually large amount (over 1,200) on the menu at the time this review was published. We expect there is a sufficiently wide range here for those traders who are not particularly interested in individual stocks and shares, but who want to be reasonably diversified across major markets.
Account types
XM group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW 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. The XM ZERO* account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. 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.
All account types allow hedging, scalping, and automated trading via expert advisers.
We think that the range of account types offered are realistic, easy to use and understand, and good value. Too often in the retail forex / CFD industry, account type classifications are made unnecessarily complex for marketing purposes. It is admirable that XM seem to have refrained from doing this and are instead looking simply to give their clients what they want and need.
Trading platforms
XM offers all its trader clients a choice between the use of the two most popular retail forex / CFD trading platforms globally. Clients with any account type may choose to use either metatrader 4 or metatrader 5. Both platforms are well-known, intuitive, and easy to understand, and have been around for many years. Both platforms are also very popular with the retail trading community. Some traders may wish for a deeper choice of platform that is given here, yet a big majority of traders who find themselves considering becoming customers of XM will find the choice on offer adequate.
XM offers a range of MT4 and MT5 platforms for both windows and mac operating systems which gives traders unrestricted access to all platforms.
In addition, a range of MT4 and MT5 mobile applications for both apple and android operating systems seamlessly allow access to an account with full account functionality from a smartphone or tablet.
XM pioneered the offering of an MT4 platform with trading execution quality in mind. It offers the following benefits: over 100 instruments including forex, cfds and futures, 1 login access to 8 platforms, spreads as low as 1 pip, full EA (expert advisor) functionality, 1 click trading, technical analysis tools with 50 indicators and charting tools and 3 different chart types.
Trades can trade with the MT4 platform on their mac as well as on mobile devices such as androids and iphones, ipads and tablets.
XM webtrader 4
XM webtrader 4 is accessible for PC’s and mac’s without downloading. Traders can choose from over 100 instruments including forex, CFD’s and futures, 1 single login access to 8 platforms, spreads as low as 1 pip, 1 click trading and built in news functionality.
XM MT4 multiterminal
The XM MT4 multiterminal platform is the ideal tool for traders wanting to handle multiple MT4 account from 1 single terminal with ease with 1 master login and password.
It supports up to 128 trading accounts, has multiple order types, three allocation methods and provides management and execution in real time.
Metatrader 5 offers a range of extra features that analyze the market and help traders trade in any style they want.
In addition to all the features of the MT4 platform, the MT5 platform also offers different order types such as 'fill or kill' and 'immediate or cancel' as well as technical and fundamental analysis using over 79 analytical tools.
Unique features
The standout features of XM are twofold: first, its strong regulatory regime in two major industry centers (australia and cyprus, the latter of which gives passporting into E.U. Regulation throughout the union); secondly, its very extensive offering of individual equities listed in european countries and other major developed nations.
XM’s zero account also has an extremely competitive fee structure at a very low minimum required deposit.
XM is proud of its history and its accomplishments. Its milestones in our corporate history chart goes back to 2011 and points to a background of trustworthiness and corporate involvement.
The XM management has visited over 120 cities around the world to connect with their clients and partners in order to interact with them on a face to face basis. They have hosted more than 100 seminars to educate traders, enabling them to make better trading decisions. These activities have helped XM reach the highest levels of client retention of any forex broker, anywhere.
In fact, XM prides itself on having over 300,000 real accounts opened to date from 196 countries and over 150,000,000 trades executed with zero re-quotes or rejections, ever.
XM withdrawal problems
XM is one of the biggest retail brokers operational with more than 3,500,000 traders from 196 countries. It provides traders with more than 25 payment options and given the size of this broker and broad international reach. Therefore, it is not surprising for a few clients to claim XM withdrawal problems. XM maintains a clean track record with five regulators, making isolated stories of issues related to a withdrawal dubious. Those claims are often made in online forums with the well-document malicious intent to extract payments from brokers to avoid tarnishing their reputation. All known claims were related to traders violating the terms and conditions. One trader claims he deposited his friend’s skrill account into his XM trading account. The case dates back to 2013 and violated anti-money laundering (AML) regulations. While they were not as detailed as today, at that time, some brokers did not check the source of deposits, while withdrawals faced strict scrutiny. The trader provided no supporting evidence and stopped responding to the thread he started, suggesting it was nothing more than a malicious attempt, potentially sponsored by a competitor, a common practice in the industry, or by a disgruntled trader who faced losses.
XM also offers generous bonuses, however, clients registered under the EU regulated entity of the group are not eligible for the bonus (ESMA regulations). XM remains a legit, trustworthy, and honest broker that offers bonuses. Traders should consider the source of any claims of XM withdrawal problems and the lack of evidence before trusting misleading smear campaigns.
Research and education
The XM research & education offering is impressive. It should be said that a forex / CFD brokerage can offer an excellent service without providing any education or research offering at all. Brokers primarily exist to execute trades and safeguard deposits efficiently, and these core functions are what customers need and want.
All too often, substandard brokers throw together a hastily assembled collection of low-quality educational material, simply for the sake of trying to put across a good appearance. Happily, in the case of XM, the educational and research offering is there because it is worthwhile.
Research is offered as news and analysis on key markets and relevant geopolitical developments, including technical analysis performed on selected price charts. Forex, commodities, and stocks are covered.
In the XM learning center, subsections are divided into live education, educational videos, forex webinars, platform tutorials, and forex seminars.
The educational rooms are live trading rooms which clients may enter and participate in and see live markets traded in real time. Most of them are open for eight hours continuously on weekdays, which is extremely impressive. Seven educational videos on a range of common forex trading topics are also present in their relevant subsection.
Account holders can benefit from weekly webinars in 13 different languages including arabic, bengali, indonesian, polish and others given by 18 expert instructors whose pictures are presented on the site.
The list of video tutorials seems endless and cover topics as basic as how to open a forex account to how to use a MT4 droid pad on the mobile trader app.
Upcoming XM workshops and seminars are listed as are ones that have already taken place.
In addition, their economic calendar posts any upcoming events taking place in markets throughout the world.
There are market reviews, a forex news report and technical analysis that appear daily.
A selection of trading tools are also offered, in addition to free forex signals and forex calculators.
Customer support
Most traders will never use their broker’s customer support service beyond the occasional query for clarification of the trading terms offered. Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully.
XM’s customer support has a good reputation, partly because it is offered in a wide variety of languages with dedicated native speakers offering support to clients in their own language.
The XM customer support desk is available 24 hours a day, from monday to friday – the same time period over which the markets are open. Representatives speak english, greek, japanese, chinese, bahasa malay, bahasa indonesia, hungarian, russian, french, spanish, italian, german, polish, hindi, arabic, korean, portuguese, czech, slovakian, bulgarian, romanian and dutch.
Traders can contact a rep at different departments in several international locations via email of telephone. Live chat is also available.
Bonuses and promotions
- Free VPS for clients who maintain a balance (equity-credit) USD 5,000 or currency equivalent.
- $30 non-deposit trading bonus for new clients only.
- The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000.
- The XM loyalty program offers the clients XM points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only.
*trading bonuses and loyalty program are not eligible for clients registered under the EU regulated entity of the group
Opening an account
The account opening process with XM is relatively quick and painless. You can expect to get your account open and ready on the same day that you begin the account opening process. Clients only need to navigate through a couple of web screens where they submit a few details and choose the type of account they want to sign up for.
It is worth noting that residents of the U.S.A. And a few other extremely regulated jurisdictions are not accepted as new clients by XM.
In addition to providing personal and account details, new clients are required to verify their ID and proof of residency by way of utility bills or bank statements. Proof of ID may be verified by providing an official national identity card, passport, or driver license. Images can be uploaded for verification and response times are very quick.
Deposits and withdrawals
At XM there is no minimum deposit required. However, system restrictions limit the minimum deposit amount to $5 for electronic funding such as moneybookers, skrill and neteller as well as credit cards and bank wire transfers. Moneygrams and western union payments are also accepted.
Withdrawals can be made using the same methods. In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on “make a deposit” or “request a withdrawal” in order to make a transaction.
Withdrawals via bank-wire of amounts under $200 are subject to a $15 administration fee. While this is not completely uncommon, it is a little unusual and smaller depositors should consider whether they will be able to plan to sit tight and hope to grow their account to a level where this fee would not apply to any likely amount the client will wish to withdraw.
XM partners affiliate program
Review of XM partners
Commissions plans offered by XM partners
XM partners program registration
Main promotional tools
XM markets has a wide variety of advertising tools designed to facilitate the promotion of XM and the acquisition of new customers for this company. In this case, the affiliate can use any internet-based resource primarily, such as websites for example. The members can make use of any of these tools according to their best criterion and their needs, as long as they do not violate the program rules, such as those related to spam advertising for example. Among the most interesting marketing resources we can mention the following:
- Dozens of banners of various types (GIF, HTML and FLASH) and all sizes, which are offered in several languages, including spanish, english and french. These banners can be used in any section of the affiliate’s website, so there are an excellent tool to promote the services of this broker.
- Promotional e-mails that the affiliates can use to promote the services of the broker among their email contacts (this tool cannot be used for spamming).
- Text links (which include certain keywords) that can be used in any section of the website of the affiliate. These links serves to redirect visitors to different sections of the website of the broker, so there are a very useful resource of promotion.
- Single links (which do not have text included), that can be used as a resource to direct potential customers referred by the affiliate to specific pages of the broker’s website, which details various services offered by it.
* note: none of these advertising tools can be used to make spam advertising (unsolicited electronic advertising), because this is prohibited by the program and may result in account suspension or even the total loss of the affiliate´s commission.
Subaffiliate program
- Make money promoting the services of the broker XM.
- Make money promoting the same program XM partners.
Summary of the main features of XM partners
Below are the most importan features of the affiliate program XM partners:
Advantages
Earn up to $25 per lot on your referred clients
At XM we believe that you should be generously rewarded for your efforts, which is why the XM partner program offers highly competitive commission rates.
We pay up to $25 per lot on any clients you introduce to XM.
Earn an unlimited 10% on your sub-partners
In the case that you introduce another partner to XM, the new partner automatically becomes a sub-partner of yours. For this, we reward you with 10% commission on all the earnings generated by that sub-partner.
There is also no upper limit on sub-partner commissions. Therefore, the more your sub-partner earns, the greater your 10% share amounts to.
No limit on commissions per client
The XM partner program offers unlimited earning potential, which means that there are no restrictions on how much you can earn per client.
For as long as your clients continue to trade, they will generate commissions for you. Since we do not impose a limit, the amount you earn depends entirely on the trading activity of your clients.
Fully automated auto-rebate system
Our partner program offers affiliate partners and introducers of business an additional effective and fully transparent business method to attract clients, receive commissions after the number of lots they trade at XM and even pay part of the revenue back to their clients.
Thanks to the user-friendly features of the XM auto-rebate model, our affiliates have the flexibility to set up their individual payment plans and pay rebates (cashback) of their commissions earned to their clients automatically. Both affiliate commission and client rebate payments are released two times a week, without any external fees deducted.
Competitive conversions and high client retention
The XM partner program offers competitive commissions and a high level of overall client retention.
Indeed, the fact that we are able to consistently retain our partners and clients is one of our greatest strengths.
No limit on weekly earnings
To bolster our concept of providing you with limitless earning potential, we do not place an upper limit on the amount of commissions you can receive each week.
It is our belief that our partners are totally entitled to the full amount of commissions that they have earned, and we ensure that that is exactly what they get.
Get paid on time
The timely payment of your earnings is one of the most important aspects of the XM partner program. The provision of fast withdrawals in general is in fact one of our core values.
Therefore we ensure that your well-deserved commissions are paid to you on time, every time, and with no hidden fees or charges.
Personal account manager in your language
Our entire customer service staff comprises of native speakers of 18 languages so both you and your clients can enjoy the comfort of receiving support in your own language.
Your dedicated personal account manager will work closely with you at every step in order to ensure that you are taking full advantage of the resources we provide for you to maximize your earning potential.
Exclusive contests
We develop and provide an exclusive and ongoing range of contests especially for our partners.
Each contest is specifically designed to provide an incentive for clients to either open an account with XM or increase their trading activity. In either case, this results in additional commissions for you.
Exclusive promotions & luxury gifts
XM provides a variety of ongoing promotions and bonus schemes to entice new clients seeking to open a trading account. These can be used to your benefit and drive conversions.
Our range of luxury gifts are available for both you and your clients and serve as an additional reward for all involved.
Additional sources of income
All new products and initiatives launched by XM can serve to create additional sources of income for you.
You are free to use any of our products and services to your advantage.
Promotional material
Our extensive range of promotional material includes banners, custom tracking links, newsletters, landing pages, ready-made websites, certificates and seals.
We can easily tailor all aspects of our partner solutions in order to cater to your individual needs, all of which are available in a variety of sizes and languages.
Real-time reporting
We provide you with access to live statistics and reports specifically designed to give you the information you need to help you increase your earnings and monitor all aspects of your performance as you do so.
Review your account, conversion statistics, campaign charts, top performing ads, and more; all in full detail.
Safety of client funds
XM is dedicated to providing client security and safety of client funds, both of which are reinforced by our multiple licenses and registrations with regulators around the world.
We promote a universally fair and ethical trading environment for all partners and clients. This is safeguarded by a strong regulatory framework and full operational transparency.
Transfers between IB and client accounts
In the interests of providing full flexibility, we allow the transfer of funds between both an IB account and a client trading account.
Transfers can be made both ways and there are no charges or hidden fees incurred for making a transfer.
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.
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This website uses cookies
By clicking “continue”, you agree to the default cookie settings on our website.
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.
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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.
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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.
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XM review
Regulation and security
XM group (XM) is a group of regulated online brokers. Trading point of financial instruments ltd was established in 2009 and it is regulated by the cyprus securities and exchange commission (cysec 120/10), trading point of financial instruments pty ltd was established in 2015 and it is regulated by the australian securities and investments commission (ASIC 443670) and XM global limited was established in 2017 with headquarters in belize and it is regulated by international financial services commission (000261/106).
XM’s regulation in cyprus provides its clients there with a degree of investor protection, as cysec maintains an investor compensation fund which is empowered to award depositors who lose their accounts due to failure of a regulated firm an amount up to €20,000.
XM has been in operation as a brokerage since 2009, giving it a relatively long track record. Typically, it can be said that the longer a broker has been in business, the more reputable the broker should be held to be. This means that XM can be said to have a substantial track record and an established reputation of safety as a brand which it will wish to protect.
Like all forex / CFD brokerages regulated in member states of the european union like cyprus, all clients of XM enjoy negative balance protection. This means that it is impossible for any client to lose more than the amount they have deposited with XM. The “tail risk” of an extremely large and sudden market movement, amplified by any leverage used, is borne fully by XM under this european union regulation.
| ��️ headquarter | cyprus, belize, australia |
| ⚖️ regulations | cysec, ASIC, IFSC |
| �� type of broker | market maker |
| �� minimum deposit | $5 |
| �� maximum leverage | 1:888 *the maximum leverage foe clients registered under the EU regulated entity of the group is 30:1 |
| �� type of platform | metatrader 4, metatrader 5, web-based |
| �� deposit with credit card | yes |
| �� depositing with wire transfer | yes |
| �� demo account provided | yes |
| ��️ instruments traded | forex cfds, commodities cfds, equity indices cfds, precious metals cfds, energies cfds |
The question of fees charged by a brokerage should always be paramount in the mind of anyone searching for the right forex / CFD broker. In considering the question, all costs of doing business must be considered carefully. We can break the entirety of fees and costs into two separate sub-categories: fees which are incurred through opening and closing trades, such as spreads, commissions, and overnight financing; and incidental fees, such as charges imposed by the brokerage due to account inactivity, or transaction fees applied to deposits or withdrawals. The trading fee element is going to be most important by far so this should be examined first.
Looking at trading fees first, we begin with spreads and commissions, which should be lumped together as an all-in “round trip” cost covering the opening and closing of a trade. As XM offer a few different account types which charge slightly different fees, we will judge the trading fees of its most common account type, the standard account.
The average round trip cost of trading the benchmark EUR/USD forex currency pair is 1.7 pips. However, this falls to only 0.8 pips in the XM zero account.
The average round trip costs of trading individual stocks, soft commodities, and equity indices are average for the industry.
Finally, data on the average round trip cost of trading the precious metals gold and silver shows that it is never below 30 cents for gold and 3 cents for silver.
It can be said that these levels of spreads and commissions are competitive for depositors of relatively low amounts. The minimum deposit required to open a standard account is only $5, so for traders depositing only a few hundred dollars or less, these fees will certainly be competitive. However, traders with considerably larger sums to deposit such as a few thousand dollars would be able to find more competitive alternative brokerage options within the industry, unless they wish to open an XM zero account which has extremely competitive fees.
The next thing to consider as part of the fee structure is overnight financing, which is usually a net charge applied to every trade daily which is open at 5pm new york time, although it can sometimes be a payment. These fees are, at least theoretically, based upon tom/next fees applied in the intrabank market, but retail brokerages tend to offer relatively unfavorable rates which can make swing or position trading expensive, especially when buying into currencies with very low or negative interest rates. XM are open and transparent about their overnight financing rates, which is a good sign. XM state that their rates are based upon the bank market’s tom/next rates plus the XM mark-up. Comparing the rates offered at the time of review to the industry average, their overnight financing rates are relatively competitive, meaning that XM may be a good choice for traders who wish to hold positions open for periods longer than a day or two.
We end this section on fees by looking at incidental transaction fees, occurring through non-trading processes.
XM charges an account inactivity fee of $5 per month after 90 days. XM charges no additional fees on deposits or withdrawals except where an amount of less than $200 is moved by wire transfer. Overall, this is not a bad deal, unless you are making a very low deposit and will want to make no trades at all for a period which may be longer than one month.
Our conclusion on fees: XM’s fees are competitive for traders making deposits under $1,000 across all account types, while the XM zero account is competitive at any deposit level.
What can I trade
After regulation, safety, and the fee structure, the next most important element to consider when choosing a forex / CFD brokerage is what is offered for trading on the broker’s menu. Some traders will be seeking exposure only to one asset class, such as forex, or cfds on individual stocks and shares, while others will be looking for diversification.
XM offer the following instruments for trading:
Forex – more than 55 currency pairs and crosses, including exotic currencies, as listed below.
Stocks – an extremely wide selection of individual stocks are offered for trading, with more than 1,200 different equities currently listed by XM. This is a very impressive, wide range of choice offered as an access to global equities. Stocks are offered from seventeen different national equity markets, including of course the major markets such as the U.S.A., the U.K., germany, switzerland, and australia, but also russia. Otherwise, the geographical markets are entirely european. Traders interested in trading individual major market stocks should give XM serious consideration as a broker of choice.
Commodities - a decent selection of 8 soft commodities are offered, which is more than most brokerages run to. They are listed below.
Five energies, including natural gas, are available to trade.
The final element of XM’s commodities offering are precious metals, namely, gold and silver. More exotic precious metals such as platinum and palladium are not available.
Equity indices – 18 major equity indices are on the menu, which is a decently wide-ranging selection for choice. The full list of equity indices is set out below.
Our conclusion regarding XM’s offering of tradable assets is favorable, with a wide range of asset classes offered that should satisfy most traders. The offering is especially impressive concerning global equities, with an unusually large amount (over 1,200) on the menu at the time this review was published. We expect there is a sufficiently wide range here for those traders who are not particularly interested in individual stocks and shares, but who want to be reasonably diversified across major markets.
Account types
XM group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW 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. The XM ZERO* account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. 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.
All account types allow hedging, scalping, and automated trading via expert advisers.
We think that the range of account types offered are realistic, easy to use and understand, and good value. Too often in the retail forex / CFD industry, account type classifications are made unnecessarily complex for marketing purposes. It is admirable that XM seem to have refrained from doing this and are instead looking simply to give their clients what they want and need.
Trading platforms
XM offers all its trader clients a choice between the use of the two most popular retail forex / CFD trading platforms globally. Clients with any account type may choose to use either metatrader 4 or metatrader 5. Both platforms are well-known, intuitive, and easy to understand, and have been around for many years. Both platforms are also very popular with the retail trading community. Some traders may wish for a deeper choice of platform that is given here, yet a big majority of traders who find themselves considering becoming customers of XM will find the choice on offer adequate.
XM offers a range of MT4 and MT5 platforms for both windows and mac operating systems which gives traders unrestricted access to all platforms.
In addition, a range of MT4 and MT5 mobile applications for both apple and android operating systems seamlessly allow access to an account with full account functionality from a smartphone or tablet.
XM pioneered the offering of an MT4 platform with trading execution quality in mind. It offers the following benefits: over 100 instruments including forex, cfds and futures, 1 login access to 8 platforms, spreads as low as 1 pip, full EA (expert advisor) functionality, 1 click trading, technical analysis tools with 50 indicators and charting tools and 3 different chart types.
Trades can trade with the MT4 platform on their mac as well as on mobile devices such as androids and iphones, ipads and tablets.
XM webtrader 4
XM webtrader 4 is accessible for PC’s and mac’s without downloading. Traders can choose from over 100 instruments including forex, CFD’s and futures, 1 single login access to 8 platforms, spreads as low as 1 pip, 1 click trading and built in news functionality.
XM MT4 multiterminal
The XM MT4 multiterminal platform is the ideal tool for traders wanting to handle multiple MT4 account from 1 single terminal with ease with 1 master login and password.
It supports up to 128 trading accounts, has multiple order types, three allocation methods and provides management and execution in real time.
Metatrader 5 offers a range of extra features that analyze the market and help traders trade in any style they want.
In addition to all the features of the MT4 platform, the MT5 platform also offers different order types such as 'fill or kill' and 'immediate or cancel' as well as technical and fundamental analysis using over 79 analytical tools.
Unique features
The standout features of XM are twofold: first, its strong regulatory regime in two major industry centers (australia and cyprus, the latter of which gives passporting into E.U. Regulation throughout the union); secondly, its very extensive offering of individual equities listed in european countries and other major developed nations.
XM’s zero account also has an extremely competitive fee structure at a very low minimum required deposit.
XM is proud of its history and its accomplishments. Its milestones in our corporate history chart goes back to 2011 and points to a background of trustworthiness and corporate involvement.
The XM management has visited over 120 cities around the world to connect with their clients and partners in order to interact with them on a face to face basis. They have hosted more than 100 seminars to educate traders, enabling them to make better trading decisions. These activities have helped XM reach the highest levels of client retention of any forex broker, anywhere.
In fact, XM prides itself on having over 300,000 real accounts opened to date from 196 countries and over 150,000,000 trades executed with zero re-quotes or rejections, ever.
XM withdrawal problems
XM is one of the biggest retail brokers operational with more than 3,500,000 traders from 196 countries. It provides traders with more than 25 payment options and given the size of this broker and broad international reach. Therefore, it is not surprising for a few clients to claim XM withdrawal problems. XM maintains a clean track record with five regulators, making isolated stories of issues related to a withdrawal dubious. Those claims are often made in online forums with the well-document malicious intent to extract payments from brokers to avoid tarnishing their reputation. All known claims were related to traders violating the terms and conditions. One trader claims he deposited his friend’s skrill account into his XM trading account. The case dates back to 2013 and violated anti-money laundering (AML) regulations. While they were not as detailed as today, at that time, some brokers did not check the source of deposits, while withdrawals faced strict scrutiny. The trader provided no supporting evidence and stopped responding to the thread he started, suggesting it was nothing more than a malicious attempt, potentially sponsored by a competitor, a common practice in the industry, or by a disgruntled trader who faced losses.
XM also offers generous bonuses, however, clients registered under the EU regulated entity of the group are not eligible for the bonus (ESMA regulations). XM remains a legit, trustworthy, and honest broker that offers bonuses. Traders should consider the source of any claims of XM withdrawal problems and the lack of evidence before trusting misleading smear campaigns.
Research and education
The XM research & education offering is impressive. It should be said that a forex / CFD brokerage can offer an excellent service without providing any education or research offering at all. Brokers primarily exist to execute trades and safeguard deposits efficiently, and these core functions are what customers need and want.
All too often, substandard brokers throw together a hastily assembled collection of low-quality educational material, simply for the sake of trying to put across a good appearance. Happily, in the case of XM, the educational and research offering is there because it is worthwhile.
Research is offered as news and analysis on key markets and relevant geopolitical developments, including technical analysis performed on selected price charts. Forex, commodities, and stocks are covered.
In the XM learning center, subsections are divided into live education, educational videos, forex webinars, platform tutorials, and forex seminars.
The educational rooms are live trading rooms which clients may enter and participate in and see live markets traded in real time. Most of them are open for eight hours continuously on weekdays, which is extremely impressive. Seven educational videos on a range of common forex trading topics are also present in their relevant subsection.
Account holders can benefit from weekly webinars in 13 different languages including arabic, bengali, indonesian, polish and others given by 18 expert instructors whose pictures are presented on the site.
The list of video tutorials seems endless and cover topics as basic as how to open a forex account to how to use a MT4 droid pad on the mobile trader app.
Upcoming XM workshops and seminars are listed as are ones that have already taken place.
In addition, their economic calendar posts any upcoming events taking place in markets throughout the world.
There are market reviews, a forex news report and technical analysis that appear daily.
A selection of trading tools are also offered, in addition to free forex signals and forex calculators.
Customer support
Most traders will never use their broker’s customer support service beyond the occasional query for clarification of the trading terms offered. Still, its good to know that if you do need the help desk, you will be dealt with promptly and helpfully.
XM’s customer support has a good reputation, partly because it is offered in a wide variety of languages with dedicated native speakers offering support to clients in their own language.
The XM customer support desk is available 24 hours a day, from monday to friday – the same time period over which the markets are open. Representatives speak english, greek, japanese, chinese, bahasa malay, bahasa indonesia, hungarian, russian, french, spanish, italian, german, polish, hindi, arabic, korean, portuguese, czech, slovakian, bulgarian, romanian and dutch.
Traders can contact a rep at different departments in several international locations via email of telephone. Live chat is also available.
Bonuses and promotions
- Free VPS for clients who maintain a balance (equity-credit) USD 5,000 or currency equivalent.
- $30 non-deposit trading bonus for new clients only.
- The two-tier deposit bonus offers 50% deposit bonus up to $500 and 20% deposit bonus up to $5,000.
- The XM loyalty program offers the clients XM points (XMP) per lot traded. These XMP can be redeemed at any time for credit bonus which can be used for trading purposes only.
*trading bonuses and loyalty program are not eligible for clients registered under the EU regulated entity of the group
Opening an account
The account opening process with XM is relatively quick and painless. You can expect to get your account open and ready on the same day that you begin the account opening process. Clients only need to navigate through a couple of web screens where they submit a few details and choose the type of account they want to sign up for.
It is worth noting that residents of the U.S.A. And a few other extremely regulated jurisdictions are not accepted as new clients by XM.
In addition to providing personal and account details, new clients are required to verify their ID and proof of residency by way of utility bills or bank statements. Proof of ID may be verified by providing an official national identity card, passport, or driver license. Images can be uploaded for verification and response times are very quick.
Deposits and withdrawals
At XM there is no minimum deposit required. However, system restrictions limit the minimum deposit amount to $5 for electronic funding such as moneybookers, skrill and neteller as well as credit cards and bank wire transfers. Moneygrams and western union payments are also accepted.
Withdrawals can be made using the same methods. In fact, the deposit and withdrawal options are listed side by side on the website and a trader needs only click on “make a deposit” or “request a withdrawal” in order to make a transaction.
Withdrawals via bank-wire of amounts under $200 are subject to a $15 administration fee. While this is not completely uncommon, it is a little unusual and smaller depositors should consider whether they will be able to plan to sit tight and hope to grow their account to a level where this fee would not apply to any likely amount the client will wish to withdraw.
So, let's see, what was the most valuable thing of this article: trader since 2007. Currently work for several prop trading companies. At xm affiliate review
Contents of the article
- Real forex bonuses
- XM affiliate program
- Xm affiliate review
- Get more than a partner account at XM partners
- Xm affiliate review
- XM group review
- What are XM group's spreads & fees?
- What can you trade with XM group?
- What’s the XM group trading experience like?
- 1) platforms and apps
- Still not sure?
- 2) executing trades
- Trading features:
- Accounts offered:
- Funding methods:
- 3) client support
- 4) what you’ll need to open an account with XM...
- A review & guide to trading with XM
- Trading systems
- Types of accounts
- Spreads and commission
- Underlying assets
- Reliability and efficiency
- Payment and withdrawal methods
- Customer support
- Conclusion
- XM group not quite right?
- XM review
- Regulation and security
- What can I trade
- Account types
- Trading platforms
- Unique features
- Research and education
- Customer support
- Bonuses and promotions
- Opening an account
- Deposits and withdrawals
- XM partners affiliate program
- Review of XM partners
- Commissions plans offered by XM partners
- XM partners program registration
- Main promotional tools
- Subaffiliate program
- Summary of the main features of XM partners
- Advantages
- Earn up to $25 per lot on your referred clients
- Earn an unlimited 10% on your sub-partners
- No limit on commissions per client
- Fully automated auto-rebate system
- Competitive conversions and high client retention
- No limit on weekly earnings
- Get paid on time
- Personal account manager in your language
- Exclusive contests
- Exclusive promotions & luxury gifts
- Additional sources of income
- Promotional material
- Real-time reporting
- Safety of client funds
- Transfers between IB and client accounts
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- Customer testimonials
- Want to learn more about our custom thick film...
- XM review
- Regulation and security
- What can I trade
- Account types
- Trading platforms
- Unique features
- Research and education
- Customer support
- Bonuses and promotions
- Opening an account
- Deposits and withdrawals
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