XM opinion

Opinions and information about the XM forex broker

 

¿It is the really reliable XM broker (also called XM.COM)? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.

Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.

The Binarycent broker, is a broker of: binary options, forex and CFDs.

The broker mentions to be part of: the broker mentions being part of XM Global Limited, 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

Binarycent is based on: it is based in various countries; Australia, Cyprus and Belize.

If we talk about regulation, XM is: it is a regulated broker in Australia, Cyprus or Belize depending on the client's location.

XM website
XM website

This broker offers varied options to operate, such as (in addition to forex, of course) CFDs and futures.
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Like its predecessor (Trading Point) XM has only 2 different supported platforms, which are XM Metatrader 4 and XM Web Trader.

If we talk about the types of account available, XM has 3 different types. Micro Account: This is the one for novice traders who want to generate profits with a relatively low level of risk. This type of account has a contract size of 1.000 per lot and a leverage of 1: 1 to 1: 888 ($ 5 - $ 20.000). The minimum deposit is $ 5. 1 pip spreads on all major currency pairs. Standard Account: This is more recommended for traders with more experience and with more knowledge of the financial market. This type of account has a contract size of 100.000 per lot and a leverage also of 1: 1 to 1: 888 ($ 5 - $ 20.000). The minimum deposit is the same as the Micro account ($ 5) and the spreads, also 1 pip on all major currency pairs. In both plans, you can have 11 currencies available (USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD and ZAR) to trade. XM Zero Account: This type of account also has a contract size of 100.000 per lot, but the leverage is from 1: 1 to 500: 1 ($ 100 - $ 20,000). The minimum deposit is $ 100. Spreads as low as 0 pips in major currencies.

One positive thing about XM is that traders can use demo accounts for as long as they want (for free obviously), although demo accounts that have been inactive for more than 120 days are deleted. Although of course if this happens to you, you can open a new account.

Another positive fact is that XM offers the possibility of Islamic accounts (swap-free and interest-free rollover accounts in overnight positions, which is not accepted by the Islamic faith).

As for what additional resources the company offers, we must say that it has quite a few resources. Some of the most interesting are: forex signals (although only for account holders), forex and financial market news and analysis, economic calendar, forex calculators, and many webinars, educational videos, video tutorials and seminars.

 

XM broker features

 

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Additional information about the company

 

Phone number: +357 25029933

E-mail: [email protected]

Website: xm.com

Clarification: Note that XM works in different countries, so the information provided may not apply to your country.

* Bonuses or promotions: 1) $ 25 free no deposit bonus 2) 50% deposit bonus of up to $ 500 or equivalent currency + 20% deposit bonus of up to $ 5.000 or equivalent currency 3) Currently XM is promoting a world forex championship with a prize of $ 1.000.000 

XM valuation

With the information we have so far, the comments and reviews of users and traders, our opinion is that it seems like a safe broker to invest. Why? It is a regulated broker in several jurisdictions, this gives us security; On the other hand, it offers very useful resources for the trader, even for the inexperienced, and when looking for reviews about XM we managed to find a large number of reviews and positive comments recommending its use.

Do you know this company? Do you think our opinion is not correct? Have you operated with him? Leave a comment with your experience.

 

Are you part of XM? Are you a representative or worker of the company? Write to us here >> use this form << 

 

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15 comments on «XM - xm.com»

  1. Joseph Reply

    Yes, I am starting to smell bad XM. I didn't expect it to fail, but when there are very high volatility jumps it fails. Of what if I am very sure that it calculates very badly the open positions. As if he was abusing the status of marketmaker. Lagging real price data.

  2. Omar Reply

    When I try to execute orders on the change of day or market opening, the warning "market closed" appears, although the currencies are moving, this lasts for more than 5 minutes until it is no longer attractive to execute the order. Obviously I no longer try and I do not know for how long exactly this happens. They do not give explanations. Chat 24 hours 7 days a week is not responding. to clarify what happens. The same thing happened to me with another broker and he ended up scamming their affiliates. Be very careful about XM, this lack of professionalism and errors or failures are bad indicators. The fact that a person is not in charge of the platform at all times denotes abandonment and it is for something.

    • Reliable Forex Brokers Post AuthorReply

      Hi Omar, we thank you for sharing your experience with the XM broker with us. What you say sounds very, very bad, and above all, it speaks very badly of XM.

      Do you have any other information about the broker (such as names of advisers, phone numbers, emails)?

      a greeting

  3. Immanuel Reply

    Hello everyone, sincerely,

    I am surprised by so much negative comment, I personally came through an old friend who is also a trader, I have been with them for 5 years, before I was in FXCM.

    I want to withdraw my capital and I have it in my account in 48-72 hours on occasion they have taken me even 4-5 days, but hey, it arrives without problems and according to the withdrawal method without commissions. For example, yesterday the 4th at 22:30 pm I withdraw € 500 from one of my accounts, and today the 5th when I got up and turned on the computer I already had a warning message that the money was in one of my online wallets , I checked and it was. With which, I have discovered that using online wallets (it was the first time I withdrawn using this method), the money arrives earlier haha.

    My spreads, with my Zero account ... because I trade the main currencies, and they are usually 0.2-1.2 at most on occasion, even a spread of 0 ..

    I have never had any kind of problem with them and when I have had any questions, I ask my account advisor directly and on the same day, or after a few minutes (if I ask via skype), I have their answers and solutions.

    I have tried several Brokers, from FXCM I went for their high commissions, in ICMarkets, the commissions also saw them higher, in withdrawals without going any further, but I remember badly and without more they nail you € 18.

    If someone knows of Brokers that, as you say, have less commissions than XM, let me know, because I will clearly want to check it, because the truth is, I go with whoever has less commissions, and so far I have not had better experiences in other Brokers.

    And seriously, if someone tells me with which regular and legal broker, I can have less commissions to operate the major pairs write to me.

    Regards!

    • Reliable Forex Brokers Post AuthorReply

      Hello Enmanuel, we thank you for sharing with us your experience with the XM broker.

      We believe that the regulation of a broker is the most important characteristic so we would never recommend a broker with regulations that we consider to be unsafe.

      a greeting

  4. Leo Reply

    XM some scammers, more than a month ago I made a withdrawal for $ 200, they told me that it takes between 2 to 5 days to reach my bank, but a month has passed and nothing, and in support they only answer me that they already made the transfer and that it was successful, in addition to their high spreads and that they manage the market at their whim, that is enough for us if not that the little money you earn is stolen from you, XM a broker of thieves

    • Reliable Forex Brokers Post AuthorReply

      Hi Leo, thanks for sharing your experience with XM. If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people by investing with this company.

      If you are from Spain you can report it to the CNMV, the company is registered there, you should do so if you think they were not fair to you.

      We are very sorry for the situation you are in.

      regards

  5. MC Reply

    XM are thieves and scammers. We have been trying to rescue our money for more than a year. They have even sent us some receipts of some falsified "transfers", screenshots downloaded from the internet and modified. The last one was today, they gave us a transaction number with Skrill that is also false. Find out what happened to an XM employee in Spain and Banco de Santander. There they lie from the owner of the company and his right hand, to the last. SOME REAL SCAMMERS.

    • Reliable Forex Brokers Post AuthorReply

      Hi MC, thank you very much for sharing your experience with XM with us… It's really a shame what you mention… If you get more information about the company, please share it with us. Perhaps you should (if you are from Spain) contact the CNMV, Spain's financial regulator.

      Greetings.

  6. Morooo9o Reply

    It is not reliable, spred too much against you, they stop, they skip a greeting by themselves.

    • Reliable Forex Brokers Post AuthorReply

      Hello "Morooo9o", it is a real shame what you mention, but we appreciate you sharing your experience with XM with us, do you remember how you found them in the first place?

      Greetings.

  7. Mao M. Spencer Reply

    XM have a fairly complex spread policy; on one occasion he had 28 PIPs of spread !!! Something incredible so it is not in a main pair. From the group of traders, all of us who had an account with XM, orders were closed for this. The others who had accounts with other brokers, did not have that problem with the same operation. We made the claim and the only thing they tell us is that the spreads are variable and their policy is different from other brokers…. so I do NOT recommend it at all.

  8. MIGUEL ARTEAGA Reply

    HELLO! SOMEONE WHO CAN RECOMMEND ME A GOOD BROKER WITH ACCESSIBLE COMMISSIONS AND EASY WITHDRAWALS

  9. osvaldo Reply

    Hi. just comment that I was trading with a demo account in XM, and never, NEVER saw a spread less than 1,7 pips, in major pairs, not to mention the others. Very high spreads. very difficult to scalp. I do not question its honesty, since it operates only in demo. But it is the typical broker that is slowly bleeding you out. As many.

    • Reliable forex broker Reply

      Hello Osvaldo, thank you very much for sharing your opinion about the broker with us, greetings.

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