I Think first and foremost Traders, more especially beginners are lured by the $30 which they give you for free Not knowing that XM will manipulate their Trades until you're broke. I caught XM red handed manipulating my Trades and deleting my orders live, I knew right then the reason why I wasn't progressing... I wouldn't recommend this broker to anyone but It was a learning curve to be vigilant and more aware, chose wisely
I like that normal spreads are set and there are no strong extensions. I know that even trading at a risky 40 minutes before the news release and 40 minutes after, I won't fall for an extension or requote that can hit me. I especially want to draw attention to the fact that cases with slippage and requotes in XM are very rare, so that to see how big or small they are, you still need to get started. Basically, the order is processed at the price specified in the order.
long story short don't trade with them not unless you don't mind wasting your time,i made a lot of profits with them but never withdrew any of it.All they have is bogus payment excuses.
XM broker is very popular here, with minimum deposit and very good services. I try all account type on this broker (micro, standard, and ultralow) it's sounds good!
I went to this site to read reviews about XM, as I myself still do not trade with this company. Information about them is flattering, of course. Found a bit of negativity in the network, but this is a drop in the ocean, and who said that this negative is not fake. The main thing is the duration of market presence and terms of trade. Meanwhile I like everything about the broker. Human margin requirements. Quite a long list of awards and prizes. The perfect moment is learning and webinars. They also offer MT5 with a demo account, on which I usually run for testing a strategy.
In terms of trade XM broker is what is necessary. And this is what should interest XM clients first. We came to the exchange to trade, and not for something else. The broker's website still has a lot to supplement, but at this stage it is informative enough for a trader of different levels. Spreads are very competitive, and not only for currency pairs, but also for other assets, the broker does not overstate them. Trading assets at the broker, by the way, a huge amount. And I also have no questions to the terminal, I did not come across hangs or lags.
They manipulate pending orders and move around stop losses etc! these brokers are full of games. is so frustrating when you trying so hard to manage your account, next thing there goes someone comes against you.
Everyone goes to the forex market for different purposes. Someone is looking for adrenaline, someone is looking for easy money, and someone is under the influence of movies or tv series about finance industry. I will not deny that all these factors somehow also played on my choice of activity. I have been trading since 2014, at first there were significant losses. But then i more and more immersed in trading training, tried different tools, strategies, changed several brokers. I realized that successful trading substantially depends on the successful choice of a broker. I was lucky in this regard, a friend gave a tip to the XM site. I got acquainted with the conditions, asked myself the question "why am I not yet with them?", And registered. Trading has become much more convenient, the number of profitable deals has not changed, but comfort in trade has increased.
Hey everyone. don't use this broker. it's bad. they scamed me. I made 5k. when I want to withdraw they took all of my money. I sended them an email but nothing happened so be careful.
At first it was very difficult to understand the functionality of the MetaTrader4 trading terminal. Technical support staff have often helped to deal with the subtleties of setting up the platform. I now do not regret that I spent the time, figured out how to work, and now I regularly earn money with the help of the broker. A nice bonus from the XM company was the low spreads, as well as the adequacy of customer support. The broker reminded several times that in case of an unprofitable deal I could incur real losses. Then I realized that for the company there is simply no gain in my losses. Now I trade on a real account, I get a small but regular profit. When the news background stabilizes a bit, I will replenish my trading account and try to trade precious metals.
By opening a trading account at XM, you can trade almost all major financial assets present on the market. Want contracts for commodities, oil, for example? You are welcome! Prefer gold or other precious metals? You can trade them! There are shares of international emitents from most world exchanges. I have chosen XM because they are regulated by several major regulators. Most of all I am glad that they are steadily making me profits, they are withdrawing money to the card very quickly. I use MetaTrader5. There are small bugs, but not critical, I withdraw the profit regularly.
Mario tell me about upgrading my trading account before i could get all my lose funds back, Have you lose in any trading, are you trading without profit, do you have withdraw problem?
They are crooks, they know how to make your profits to turn up very slow and they move your pending orders so that you can only have losses. They only wanna benefit and take our money. My accounts have all blown because of them moving my pending orders! Be very careful when signing up with them. I wouldn't suggest it to anyone at all.
Xm is the worst broker ever. They denied my withdrawals and when I emailed them they didn't respond. After that I kept on trading and they ripped my account out by hitting the stop loss. I bought Gold and the their market went down for my stop loss while the real market went up. Beware this broker is a scam
Worst broker! I made profit 12k from news trading and on withdrawal, they emailed me with a notice, categorising my activity as fraud and deny the profit and shutting down my account. Beware!
xm is a scam broker the dont allow me to place my stop loss where i want it to be but where they want it to be. the stop buy and stop sell doesnt work everytime when i want to trade fundamentals. i hate xm
I've hv been having troubles with withdrawals,firstly I made a withdrawal yet the money was divided into 3 as if I made 3 withdrawals and it's 1 so the charges and what not wer very high ,and I think abt two weeks ago I made another withdrawal ,my xm balance was reduced but til today I neva got any cash ,I went to the bank to check thy told that i did receive money in my account n that very sym amount that I withdrew then disappeared n thy can't trace it so I wouldn't recommend XM at all
Worst customer service waiting for two days for wothdraw and still pending
they execute my order far from what I specify, and I lose 400 dollars, beware.
Don't be fooled by this broker they scam people. Am speaking from what they did to me. I made enough profit from them after that they took it all.
They are *** brocker. They close orders without my consent .whilst you think you winning you check the account you see they closed long back at a loss. I'm not talking about triggered stop losses, they just close, these ***. Their MT5 account freezes a lot and I wouldn't recommend it at all.
I'm so not impressed with XM, spreads are very high, they create false gaps, money disappears from your account and closes trades for no reason.
XM is a *** brocker, i opened and closed a trade with huge profits and i transferred the profit to another account, that profit was frozen later on i was sent emails that my account will be closed and all the money i have made including my own was no where to be paid back to my account. To date they not even responding to my emails.
All is well... Except for the crazy spreads.
i am a long time with XM, and on my IB account is more than 500 traders, i speak with them on my Facebook, they proof to me there trades, but my commission is reduced drastically. XM have a way of blocking most of the traders on my IB account, so that i dont get commission , only a very small amount. i dont recommend XM. Guys go for HYCM.
In general, the trading platform is good, it's simple and I (as a trader) think its features are effective. But execution is not good. I thought their explanations were nothing about their related platform or maybe it was because I couldn't read the documentation carefully. However, I wasn’t able to setup expert advisors properly. And the number of indicators on platform are very limited. This is what makes analysis very difficult. The commissions also are too high. There is not Holy Grail for traders.
Don't get fooled by XM promotions! These are all for advertisement purpose. I opened a live account for the first time, but didn't received the $30. They said you had an account before. Read their terms and conditions first! they say we will give you %50 on your deposit but if you withdraw any amount from your account all the bonuses even previous ones will nullify immediately. It means, you can deposit, you can earn profit but you cannot use your money, It’s ours!
I would say that this is the best broker but sometimes its variable spreads can suddenly become high! Though, it should be mentioned that at average they are really tight. I am trading on standard account. For example the highest average for EURO/RUB is about 0.5 here. I can get the best prices by applying fractional pip pricing with 5 digits. There are really no requotes, no commissions and no hidden costs. I feel relaxed here because I do not expect any unpleasant tricks with order execution or slippage as it can be with other brokers. Sometimes I turn to expert advisor trading. It is rather reliable and reasonable, makes profit for me. I like forex world championship here hold every month. I took part in it once but couldn’t win $50.000. Perhaps I should try again to get to the final round with the prize money amounting to $500.000.
You know, I am trading within several brokers so this one is not better or worse compared to the others. Of course to succeed one should be experienced and stay informed of the events influencing the prices but still the options and trading conditions of a broker do matter. So, depositing is quite easy here. Though, you can have some delays in withdrawing and the process itself is rather complicated. The support is not helpful. Perhaps, only beginners can turn to them. I’ve heard that this broker changes its name and that is not a good sign. And the spreads can be high.
The main issue I came up against which was often enough for me to decide on another broker was the execution time on trades. Sometimes they would take 5-10 secs and others just timed out. Although Tech support was generally pretty good...they seemed to be a bit closed eared about this one...
Forex reviews and information about brokers outspoken by their clients are valuable sources that give the trader an idea whether trading with a certain company is to be profitable or not. Once you are interested in trading with XM and would like to know if the official broker's information and their activity profile correspond to the facts, it is useful to read reviews about XM. These reviews have been written by either former or present-day clients who've described their positive or negative experience of trading with the broker, advantages and disadvantages of this company. All these attestations are different, and if you wish to add your comments, say, about improper client service of a broker or to underline their positive sides, this section is for you.
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Open an account XM.COM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus) and Trading Point of Financial Instruments Pty Ltd. (Australia). Our clients benefit from direct access to the financial markets in over 300 financial...
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