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XM Review

19

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Very good

Revainrating 4.5 out of 5  
Rating 
4.6
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Reviews

Global ratings 19
  • 5
    11
  • 4
    8
  • 3
    0
  • 2
    0
  • 1
    0

Type of review

Revainrating 5 out of 5

Suitable for professional trading

In my opinion, one of features of XM that can really affect trading is trading platforms. And situation with trading platforms at this broker is excellent. My words are confirmed by numerous awards that XM has received in various competitions. Yes, I studied everything related to this broker in detail before becoming a client. And now I'm sure I made the right choice.

Pros
  • A wide range of platforms, of course. Moreover, there are classic versions among platforms. And here are some modern applications.
  • In addition to the platforms, I can also name trading conditions as an advantage. After all, they influenced my choice in favor of this brokr.
Cons
  • Such a large selection of trading platforms and applications can confuse a beginner.
  • But I think that very quickly he will realize that this is not a problem but advantage.

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 5 out of 5

Just some words about them

XM broker really shows solid proficiency level at providing brokerage services. There are tons of amenities that are helpful for me, starting from some edu materials, ending with analytics and embedded tools into the platform. I have to say that this is what I needed when I was in search of a good broker. Plus they are reliable and time-proven, it's a small addition, so to speak.

Pros
  • + Lots of instruments for precise market analysis
  • + Awesome client support team which I contacted and got comprehensive answers
Cons
  • I presume the idea of choosing the leverage isn't very convenient.

Revainrating 5 out of 5

Affordable at the very least.

XM is a lot of things, and one of them is very affordable. The previos brokers I have used were alsso very reliable, but they were not the most affordable and accessible platforms to traders. With XM being just as good, and even better in some aspects, they seem like a steal.

Pros
  • Affordable fees
  • Low minimum deposit.
Cons
  • Not so sure about that high leverage that they offer.

Revainrating 5 out of 5

The beginner’s view

In my view Xm is an awesome choice for beginners. not just because it’s credible and trusted, but also because it provides a lot of cost efficiency. I don’t need a lot of money to kickstart here.

Pros
  • Very attentive support team that works 24/7
  • nice selection of tradable assets. just the right thing for me to figure out my trading needs
Cons
  • I’d like to have some tutorial on how to trade specific markets. for example I want to trade shares but don’t know how to do it at Xm

Revainrating 5 out of 5

I am happy with my choice

I got some of information about this broker from customer reviews. Most traders are happy with XM and recommend this company as a broker. I agree with their opinion and also ready to recommend it. I learned some more details about features of XM from answers to my questions from support service. They are real professionals and helped me get more details about this broker.

Pros
  • Support service is fast. And their advice is understandable even to a beginner like me
  • Broker has excellent reputation and that's why I'm here.
Cons
  • I can't name disadvantages because I haven't noticed any yet

Revainrating 4 out of 5

I am a new here

I am a new player here, at XM. They seem to be quite fascinating, you know, they offer a transparent navigation on the website so I experienced no difficulties with registration and follwing verification. I contacted their cluent support, which is multilingual, btw. They give detailed answers, but not all the time. Also, I like the fact they frequently run competitions, contests, whether on the demo account or real one. It stirs up interest to trading, fr.

Pros
  • + Wide chocie of instruments;
  • + Robust trading platform and mobile app
Cons
  • - Again, client support doesn't always respond comprehensively, it depends on your question.

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.