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XM Review

13

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Very good

Revainrating 4.5 out of 5  
Rating 
4.5
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Reviews

Global ratings 13
  • 5
    6
  • 4
    7
  • 3
    0
  • 2
    0
  • 1
    0

Type of review

Revainrating 4 out of 5

Does anybody ever use support?

What I mean is, the help center and FAQ section of XM is probably the largest I've ever seen. So much detail, almost every question is detailedly explained in there, this almost eliminates the need to contact the support team at all.

Pros
  • Great educational materials for young traders.
  • Nice market analysis isights.
Cons
  • The min. deposit for shares account is bit much.

Revainrating 4 out of 5

Easy to manage two accounts

Well I have both ultra low and standard accounts for specific reasons. With ultra low, I usually take short trades (not scalping), and a lot of them so tight spreads help to cut costs. On standard acc, I take a higher TF trades and hould them for couple of days, sometimes I can hold a full week.

Pros
  • Nice variation of accounts with a compromise on swaps.
  • A lot of info on each type of account, asset and everything else.
Cons
  • Too much platforms that may be confusing.

Revainrating 5 out of 5

Trading news events with XM is stressfull, but rewarding

I'm mostly trading the news with XM, and I dont see people talking about it. Using XM’s economic calendar to see the scheduled events, trying to get ahead of the cycle a bit. Usually the price swings around wildly at that time, back and forth, and if I don't get margin called, I get a good profit, no matter which way I bet. The strategy is risky, but I dont have the patience to farm 5-10 pip trades. I would rather get a decent amount and be done for the week. It's intense, and maybe I will die

Pros
  • Cool news feed, applied to the assets I trade
  • Research reports with indepth analysis
  • The exeuction speed is good for me, I can often get ahead because of that
Cons
  • The spreads are usually widening around that time, but on XM not as much as with other brokers, for liquid pairs at least
  • Maybe having fixed spreads account could be beneficial too

Revainrating 5 out of 5

I was impressed by the swap free fees

I know that I can’t show off a big experience in the trading field but anyway I decided to trade through an ultra low standard account imagining that I’m a pro trader. Xd I was impressed by the swap free fees and I think it is cool that I can hold positions as long as I want without swap fees.

Pros
  • Swap free fees
  • Narrow spreads
Cons
  • The trading platform sometimes lags but it is not a big problem.

Revainrating 4 out of 5

Solid payment system

Today I was surprised to see that my last withdrawal was rejected due to the fact that I had exceeded the limit. I knew this but I completely forgot to do the maths. Anyway, I needed to contact the support and set-up my details for a wire transfer. Probably would have been easier if this was done in the beginning, but in the end, we managed to fix it. They have a really good payment system, I uploaded a bank statement, and that was all. I was ready to go.

Pros
  • An excellent support means a lot when you are dealing with payment issues, and they have pretty good and knowledgeable support staff
Cons
  • Limited options for payment methods once you exceed the deposited amount

Revainrating 4 out of 5

It looks like it's a great broker

Before opening trading account with this company, I read a lot of reviews that this broker is one of the best. I trusted opinion of traders community and therefore opened trading account. Everything I've seen here works well. It seems that this broker has a lot of experience in doing business. All services work without problems. Separately, about trading platform. It really has a lot of functions and tools.

Pros
  • This broker has excellent reputation
Cons
  • Platform has an outdated interface and design

In general, I would say that XM broker is indeed good and they can show off by a huge quantity of financial services unlike other brokers which can’t provide a wide range of services.

Pros
  • Their educational center can be useful for beginner and experienced traders at the same time.
Cons
  • The trading platform lacks advanced features which would make my trading experience more easier and efficient.

Revainrating 5 out of 5

One month has passed

It's been about a month since I opened trading account here and started tradng on a real account. And now it's time to summarize I think this broker is successfully coping with its responsibilities. I get uninterupted access to financial markets and all trading conditions work exactly as I expected.

Pros
  • Favorable trading conditions
  • Choose from several trading accounts
  • Wide range of types and groups of financial instruments
  • High-quality operation of all tools
Cons
  • Slightly incomprehensible system of account types. But it's ok

Revainrating 5 out of 5

Very easy to get used to.

Switching to this broker from another is very quite a smooth transition. I've got the MT4 available, which I have been using for all of my trading. And xm is really a step up to what I am used to.

Pros
  • - Affordable and accessible platform.
  • - 4 trading platforms, 4 trading accounts - The broker gives alternatives.
Cons
  • - Having a leverage that high is risky.

Revainrating 5 out of 5

The number of payment methods is really huge

I think XM broker needs no introduction because it is one of the most influential brokerage companies in the trading circles. Today I want to talk about transferring money. The number of payment methods is really huge and I can make deposits and withdrawals through any payment system. Mainly I use cryptos for replenishment of trading account.

Pros
  • The speed of transactions for transferring money is really fast.
Cons
  • I think I don’t have any serious complaints about their services.

Revainrating 5 out of 5

No swap trading

This is the broker that gives me the possibility to trade without swaps on the main forex assets so I can hold my positions for days or sometimes weeks bypassing all the intraday market noise. I told the client support that it would be great to have an extra features like free VPS or more custom indicators for example. Idk if they listened to me.

Pros
  • major fx pairs without swaps is a must have
  • pretty fast and precise execution without any re-quotes
Cons
  • No free VPS for more smooth algo trading
  • No Xm web os standalone platform, only app

Revainrating 4 out of 5

From a newbie's perspective

I recently started to trade here, 2 months ago and everything goes well so far. I trade forex pairs, I take advantage of their live educational videos and other learning materials, they help me to delve into trading deeper, you know, to understand profound details abotu the industry.

Pros
  • They have a broad range of assets for trading and it's cool that I can learn how to trade all of them; Additionally, Metatrader engine is the one I know and it's provided here too
Cons
  • I got confused with spreads, commissions and swaps, but this is because of lack of experience

Revainrating 4 out of 5

valuable assets

The different financial instruments option provided by this broker is worth it makes it possible to trade more than one asset and increase my profit margin.

Pros
  • The fast withdrawal has been very prompt and satisfactory.
Cons
  • The custom trading platform is not really impressive to me.