• $30 Non-Deposit Trading Bonus (Note that clients registered under the EU entity of the group are not eligible for the bonus)
• 50% Deposit Bonus up to $500, 20% Deposit Bonus up to $5,000 on initial deposits.
• Note that bonuses cannot with withdrawn, only used for trading purposes.

Established 2009, XM Group has grown very quickly into one of the leading global forex brokers with over 300,000 accounts opened with traders from more than 190 countries.  It is headquartered in Cyprus with offices in Australia, Belize, and Greece. XM Group is also regulated by CYSEC and IFSC.

XM.com is a solid broker with good educational resources, reasonable transaction costs, and flexible account options.  However, what really stands out about XM.com is its dedication to superior trade execution.  99.35% of trades executed in less than one second and XM.com has had over 150 million trades executed without requote or rejection

XM.com is also one of the few brokers to offer negative balance protection.  This ensures you will never lose more than your account balance.

XM.com invests heavily in investor education and offers webinars 7 days a week in 18 languages. It has also hosted over 100 free seminars across the world.  Their trading costs are quite competitive with tight fixed spreads and no withdrawal or inactivity fees.  You can also set your own leverage level up to 888:1 based on your individual risk tolerance. However, this leverage does not apply to all entities of XM Group. Leverage depends on the financial instrument traded and on the client's country of residence.

Overall, XM.com is a very good fit for active forex focused traders who want to trade with high leverage and low spreads.

XM.com’s negative balance protection policy is a very valuable feature in periods of extreme market volatility.  XM.com’s negative balance protection policy ensures that you will never lose more than your account balance and that you will not be at the whim of your broker’s mercy.

Some brokers will “requote” during turbulent market conditions.  This means they may execute your trade at a slightly different level than the quote you see on your screen after you place the order.  XM.com commits never to do this to its clients.  It has a strict no requote policy whether you trade online or on the phone.  XM.com also guarantees the execution of stop and limit orders.

XM.com offers CFDs on more forex pairs than most brokers with more than 55, and also provides Forex, Stocks CFDs, Commodities CFDs, Equity CFDs, Precious Metals CFDs, and Energies CFDs.

XM.com invests heavily in research and investor education.  They provide exclusive daily market analysis in the form of articles, news updates, and technical analysis video updates from its experienced research team.  Chief Technical Analyst, Avramis Despotis also provides customers with trading signals twice a day.

XM.com also has an extensive library of video tutorials on how to use Metatrader software.

You can also join free interactive webinars 7 days a week on a variety of subjects.  Webinars are conducted in 18 languages and XM employs 40 instructors to host them.  

XM.com has hosted over 100 live seminars across the globe, run by Chief Technical Analyst, Avramis Despoti.  Despoti starts with the foundations of technical analysis.  He teaches you how to use volatility to identify the best trading opportunities.  Then, how to perform technical analysis over multiple time frames to identify the ideal entry point for a trade.

XM.com’s trading costs are fairly competitive.  Micro and Standard Accounts do not have a commission and they have pips as low as 1 pip. XM Zero account has a $7 commission, but it has pips as low as 0 pips. They also do not nickel and dime you with withdrawal and deposit fees. A dormant account that is inactive for 90 calendar days will be charged with a monthly fee of 5USD (five United States dollars) or the full amount of the free balance in the account if the free balance is less than 5USD (five United States dollars). There will be no charge if the free balance in the account is zero.

Account customization is another area where XM.com stands out.  Customers can open accounts in 11 different base currencies where most brokers offer a choice of USD or EUR.  For non-US/eurozone clients, having an account in the base currency of your home country helps eliminate currency exchange costs when you transfer funds in and out of your account.

XM.com also provides over 20 secure payment options to fund your account including credit card, wire, Western Union, Moneygram, and online payment services including WebMoney, Skrill, Neteller, Sofort, iDeal, Paysafecard, Qiwi, Cash U, Giro Pay, Przelewy 24 and Fasapay. Multiple Local Payment Methods like Debit/Credit Cards, Neteller, Skrill, Bank Wire Transfer, etc.

The minimum deposit for both micro and standard accounts is only $5.  The only difference between the accounts is the lot size.  The lot size for a micro account is 1000 units, in line with most other brokers.

XM.com does not have a proprietary software platform but it offers Metatrader 4 and 5 on PC, Mac, Browser, iPhone, iPad, and Android.  Your log-ins will sync with all of XM.com’s platforms.

Clients who maintain a minimum balance of $5,000 can also use Metatrader via XM’s virtual private server (VPS).  The server is located near XM’s data center in London.  Trading via the VPS will decrease the execution time of your trades regardless of your physical location.  This is especially important if you are using high speed automated trading strategies.

Metatrader 4 and 5 (PC, Mac, Browser, Multi-Terminal) is the industry standard software for forex trading.  With XM.com, you can trade over 100 instruments including CFDs on forex and commodities via Metatrader.  Metatrader has many powerful features including advanced charting, backtesting, and other advanced analytical tools.   It also integrates with Expert Advisors and MQL5 to allow you to execute automated trading strategies.

Metatrader Multi-Terminal is a PC version of the Metatrader 4 program which allows you to trade multiple accounts with the same log-in.  XM is one of the few brokers to offer a native Mac version of the Metatrader software.  If you borrow someone’s computer, the browser version of Metatrader allows you to trade without download.

Metatrader 4 and 5 Mobile (iPad, iPhone, Android) gives you the same functionality as the desktop version with the convenience of being able to manage your account on the go.  The iOS apps also come with push notifications for new alerts.

XM.com offers 24 /5 phone support in over 20 languages as well as live chat and email support.  While some brokers impose 5 business day delays for withdrawals and impose gratuitous charges, XM.com doesn’t subject its clients to this.  All withdrawal requests are processed within 24 hours and fees are covered by XM.com.

XM Group 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 the XM Global Limited was established in 2017 with headquarters in Belize and it is regulated by the International Financial Services Commission (000261/158). They are highly regarded and offer a range of MT4/MT5 platforms across various workstations but is this the only advantage that they have? Let’s find out in this review.

XM.com now segregates client's funds from company funds and uses tier 1 investment grade banks.  They also use SSL encryption to secure fund transfers and customer data.