XM Group Review
Score: 8.9 ⭐️
5/5/20231 min read
XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
That said, XM falls behind with its limited pricing, range of markets, and platform offering
none of which can compete with the Very good brokers.
Why we like them
XM Group is considered average-risk. XM Group is not publicly traded, does not operate a bank, and is authorised by ASIC and the FCA.
XM is a safe broker as its activities are regulated by several authorities worldwide. The broker is overseen by Australia's ASIC, CySEC of Cyprus, and the IFSC in Belize.
The private company behind the XM brand is Trading Point Holdings, which was established in 2009. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises.
XM doesn't provide investor protection for clients outside the EU.
XM operates several subsidiaries, and which one of these will serve you depends on your residency. This is important because the Investor protection amount and the regulator differ depending on the entity.
At XM, the account opening is hassle-free and straightforward. You may be able to start using your account on the same day. XM accepts customers from all over the world with a few exceptions, including the USA, Canada, China, Japan, New Zealand and Israel.
Offers 1,230 CFDs, including 57 forex pairs.
Autochartist and Trading Central complement in-house research offering.
PROS
The XM Shares account requires a $10,000 deposit if you want exchange-traded securities (non-CFD).
Excellent research content that includes daily videos, podcasts, and organized articles.
In-house broadcasting features TV-quality video content, and live recordings.
A comprehensive selection of educational webinars, articles, and Tradepedia courses.
Offers full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm.
CONS
Standard account spreads are expensive compared to industry leaders.
Average spreads are not published for the commission-based XM Zero account.
Opening an account is a hassle.
