XM Review (2021 update) The right broker for you
General Information |
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Broker Name: | XM.COM (Trading Point of Financial Instruments Ltd.) |
Broker Type: | Forex |
Country: | Australia |
Operating since year: | 2009 |
International offices: | Cyprus, Belize |
Regulation: | CySEC, FCA 120/10 |
Address: | No.5 Cork Street, Belize City, Belize, C.A. |
Broker status: | Regulated |
Customer Service | |
Phone: | +501 223-6696 |
Email: | [email protected] |
Languages: | English, Spanish, Russian, Chinese, Arabic etc. |
Availability: | 24/5 GMT |
Trading | |
Trading Platforms: | MetaTrader 4 |
Trading platform(s) timezone: | GMT+2 |
Demo Account: | Yes |
Mobile trading: | Yes |
Web based trading: | Yes |
Bonuses: | • A $30 no deposit bonus offered to all new clients; • An instant and automatic 100% bonus upon executive level entry to the XM Loyalty Program; • A monthly opportunity to win $50,000 and gain entry to the final round of the Forex World Championship (Prizes include: $500,000 in cash prizes, and 12 rounds of $1,000,000 in prizes) |
Other trading instruments: | Forex, stock indices, oil and gold |
Account | |
Minimum deposit ($) | $5 |
Maximal leverage (1:?) | 1:888 |
Spread | Variable |
Scalping allowed | yes |
Overall
4.6
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Support
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Platform
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Spread
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Trading Instrument
No sense of responsibility
They have no sense of responsibility. I have called to ask for help regarding some technical problems I have encountered however I got no callback from them. They promise to call me back I have waited and wasted my time waiting for nothing.
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Useless broker service
Useless forex broker. I feel like I will be better on my own. They are providing trading advice that is not so effective. Aside from that, it is very difficult to contact them.
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Slow withdrawals
Withdrawal is very difficult to request and they are very slow in processing withdrawals. I am not trading with them again.
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Slow withdrawal process
Very slow withdrawal process. It took them weeks to process my withdrawal request and it is very frustrating waiting with no assurance of the exact date of crediting.
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Do not allow withdrawals
I have so many regrets choosing this broker service. They are not good enough and worst they do not allow withdrawals.
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Poor trading signals
This broker is probably the worst I have ever used. Signals are very poor and will only give you losing trades.
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Huge slippage
I have noticed that slippage is becoming as great as I trade along. Price keeps on increasing and I keep on losing money as well.
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Slow withdrawals
Slow withdrawals. Services are not ideal for gaining good profits.
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Poor broker performance
Poor trading platform and broker performance. It has a lot of platform technicals issues and signals are not profitable enough.
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Worst broker signals
They provide the worst broker signals I ever had. Always leading to losing trades. Do not use their services, not an ideal forex broker.
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Poor broker service
I am not happy with the overall performance of this broker service. I am gaining a profit but it is very less and I am charging so much transaction fees.
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Unhappy with this broker
I am not happy with their overall performance. I am not getting good trading results with this broker.
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Rude and unhelpful
I am not trading with this broker again. They have the worst customer service, very rude and unhelpful.
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Avoid this broker
Avoid this broker, by all means, I am a victim of their forex trading schemes. Will just lure you to deposit more but once they had enough of your money they will let you lose the trade. Worst, you can’t refund even if it is their fault.
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Expensive
Very expensive initial deposit and instruments. I am not even happy with signals, just a waste of time and money.
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