XM Group Review
XM Group is a group of regulated online brokers with over 1,000,000 clients from over 150 countries. They offer a suite of platforms giving their customers the ability to trade on almost any device any time they want to. Currently they support over 20 languages making them one of the top choices for traders across the globe.
They have a selection of MT4 and MT5 platforms that can be accessed on computers that are running on different operating systems and on devices running on Android or iOS mobile operating systems.
Friendly for traders
Using the platform is fairly easy. There’s no need to have multiple accounts if you want to switch to another platform because their will give you access as long as you are a registered member.
Min account size
One of the biggest advantages of this broker is that you can open an account with just $5 on it. This is a huge benefit for traders who want to start with a small capital.
Min Lot size
You can place a minimum lot size of 0.01, similar to the standard lot size that other brokers follow.
# Of Tradable Assets
There are over 100 financial instruments that can be traded with this broker. With such choices, you already have plenty of markets to invest on.
You can set the leverage to a maximum of 1:500. That’s a lot more competitive compared to the maximum margin of other known brokers today.
Spread on EUR/USD
XM Group offers tight spreads on all major currency pairs. Even the popular EUR/USD pair offers an average spreads of 0.00017.
Transferring funds to the account is not a problem. They accept multiple local payment methods like credit/debit cards, Neteller, Skrill, Bank Wire Transfer, etc.
Reputation Among Traders
Aside from being a well-established company, they are also known for providing free seminars and classes to enhance the knowledge of their clients. This is something that is still unmatched even in today’s competitive market.
One of the notable advantages of their platforms is that trade executions are impressively fast at a rate no more than one second resulting to zero requotes and rejections.
If you want to make practice trades, you can do so by using the demo account which has a $100,000 virtual opening balance.
They are licensed by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) which is a good indication that they are dependable and trustworthy.
The customer service is serious in delivering quality support via all modes of communication making it easy to get client assistance with fast handling times
XM Group has an advanced trading software with features that they have enhanced for the benefit of their clients. Their reputation is certainly unquestionable since they are regulated by trusted financial authorities and have been a recipient of numerous awards. Overall, XM Group delivers a comprehensive set of solutions that are sure to benefit you as a trader whatever skill you may have.
The total score that they received based on our objective scoring system is 95/100.
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