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
Beware with their terms
They have fooled me. Be careful with the terms and conditions, there are so many gray areas left undiscussed upon account opening.
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Bad brokers
It is never a wise choice to trade with them. They are not good trading brokers.
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Bad customer service
Non-existent customer service. It is really very difficult to call them and they don’t even respond to messages.
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Slow withdrawals
Slow withdrawals. Customer service is good but they can not improve on the withdrawal process.
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Bad customer service
Bad customer service. They are very unresponsive and a bit rude at times.
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Slow withdrawals
I will have to endure slow withdrawals. No choice but to wait for now until I can be able to get all my money and close my account.
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Do not trust them
They will let you get profit initially to trap you and convince you to deposit more. Do not trust them.
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Sluggish services
Sluggish services and withdrawals. Not worth my money and time.
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Unresponsive
You will never get any replies to any messages. They are unresponsive and very difficult to contact.
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Poor forex broker
The $30 bonus will give you more. But the moment you start trading with bigger amounts, you will see everything will be messed up. Do not fall for their trap.
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Poor forex broker
Do not be fooled by their status in the industry, they are a big forex company but services are really worst. I have tried them for a month and got nothing but losses.
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Bad broker
I joined this broker sometime last year and I regret doing so. I have lost all my money and I am unable to get the remaining balance on my account. Do not trade with them.
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Poor trading partners
Poor trading partners. I gain profit but only a few dollars. It’s just a waste of time.
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Bad broker
They ask for so many documents only to reject withdrawal requests on a different ground after documents had been completed. Bad broker.
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Poor trading support
Poor trading support. They sounded unamused every time I call. Very rude and unhelpful.
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