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With over 15 years of serving clients, XM has proven to be fair, trustworthy, and dependable. Traders can access over 1,400 instruments on more than 10 platforms, including the XM App. The award-winning broker is known for low-cost accounts, excellent support, and outstanding live education.
XM Group
XM Group Press Release
XM Celebrates 15 Years with a Month of Unlimited Cashback for Traders Worldwide
XM Is Giving $500,000 in Prizes to Worldwide Partners
XM Unveils Revamped Competitions Platform with New Formats, Advanced Features and Optimized Performance
XM Celebrates 15 Years With a Global $15,000 Bonus Promotion
XM Celebrates 15 Years of Success with Year-Long Rewards
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xm is good broker.
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I have an account with XM 2 years, is very good broker, thanks.
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good broker
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How long have you been trading with them for ?
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i can see they have now lower spread also, i am newbie to the Forex and will definitely will give them a try, just going to sign up there and to have experience there, if i compare reviews of XM with the FXPRO then XM is definitely a winner here cuz of their highly co-operative support. and for me the Old broker have much value , they formed in 1996 , which is very positive sign for me at least....thumbs up for XM
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I am new to this broker, however I have already had the chance to test both negative account protection and withdrawal.
They work.
Regarding future cooperation with them, my concerns and dilemma is the following:
In Terms and Conditions, there is a cloudy part about Artificial Intelligence Software:
"53.2 Artificial Intelligence Software:
It is absolutely prohibited to use any software , which we determine, at our sole discretion, to have as its purpose to apply any kind of artificial intelligence analysis to our Online Trading Facility and/or computer system(s) relating to the use of our Services;<...>Under these circumstances, we reserve the right to seize any profits and/or revenues generated directly or indirectly by exercising any such prohibit trading activity<...>
"
My concerns:
1. it is unusual to refer to artificial intelligence in TCs of Forex brokers, as:
2. unfortunately for the client (traders): all expert advisors might be considered artificial intelligence software because:
3. the term 'sole discretion' is used without any further explanation,
4. please consider that by definition, artificial intelligence (both software and hardware) is aimed at substitute human decisions and
behavior. So each and every Expert Advisor may be suspended and profits confiscated at 'sole discretion'.
My view:
The broker should give enough information for clients which could enable them to make informed decisions like:
1. either decide that this broker is not for them,
2. or to be able to prepare their EAs not to 'harm' the broker and thus risking profits confiscated.
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This is a bucketshop if you loss they are happy, and if you win they do everything to prevend you to withdraw your profit. It is like a casino. I made only 2 trades, the first one ended in a loss so everything was fine, until my second trade i made some profit everything also fine, until i wanted to withdraw some profit they TERMINATED my account:
Accordingly, we regret to inform you that in accordance with the terms and conditions, we have decided:
to terminate all of your trading account(s);
to cancel trade 2575496;
Out of the blue sky they just cancelled everything! saying i was arbritaging :(, YEAH RIGHT i didnt knew what this was until i googled it up.
SCAMMERS, i will file a suit against them!
Beware if you dont want to lose!
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uso XM da 2 anni e sono soddisfatto ,perchè hanno velocità di esecuzione,buoni spread e regolarità nei ritiri di denaro.
mauro benintendi
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I just don't understand this.. If you make profit, then what is the loss for the broker exactly?
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I'm new to xm but no problems so far. No anoying calls or something else. Trading on Micro-Account. Always get boni for everything. So I'm satisfied with this broker. 😄
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recommend ja make almost 3 years I have real account with them.
Deposit always gain a 20% bonus .
Withdrawals are excellent all automatic and fast.
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I wanted to try their demo account and downloaded it and l could not use it. I sent them an email but no reply, I guess something went wrong, I can not access.
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My experience with this broker:
I opened a demo and a real with only 100euro, just to prove the systems of this broker.
I had some problems with the close, when there was very volatility, so I decided after a mail to have explanations to ask the deposit back, the 100 euro they given in the same credit card I used to load the fund and the 9 euro of income through srkill the same day, for 100 euro I have waited only 3 days. all at no cost free.
I believe that I will return to this broker, always ready to answer. thanks XM.com
Good customers
Good services
and seem no problem
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XM is better somehow, i already withdraw it so many times, good customer services and there seems no problem i guess, just don't subscribe.
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Não esta deixando o sistema de copia trabalha
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The service from XM is ok, but after subscribing, I received a call from some guy trying to sell binary option to my while I never asked for it. I thought it could be that I registered to some forum or something, but one of my friend subscribe to XM and had same issues...
If you do not like your private information being sold to some scammers, then avoid XM...
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good broker, good fidelity promo, good customer service, good & fast account administration, but...
on sunday, market opens after a few minute after local time 11pm, tipically 4 minutes.
not works very well 4 scalpers.
max 200 pending/open orders.
Overall well-advised.
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I openned account there for scalping purposes. It is allowed, but micro works different than standard account. Micro i winning, standard is loosing, the same condictions, etc. After I win 50% in micro, with avg trades few seconds, they plugin me additional slippage, and trades become from 4-8 seconds execution on both side. Not recommed for scalpers, maybe for normal trading, yes, but I know at leas 20 similar brokers good for normal trading
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Dear dunkdenk,
We understand your frustration and we can reassure that we have identified the problem and we have already addressed it.
Between the end of the trading day on Thursday 10/7/14 and the beginning of the trading day on Friday 11/7/14 (Server Time) a technical error on our trading servers has resulted in open trades of certain instruments to be presenting unrealized profit and loss at that time as realized profit and loss.
Please be noted that your overall account performance has not been affected in any way from this error.
We would like to reassure you that the issue has been resolved by our team.
If require assistance please feel free to contact your account manager or our support desk.
Kind regards,
Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)
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Beware of this broker, they're what like other traders warn us, they're against us, they will interfere with your trades when they see that you're winning. In my last case (which the one that made me withdraw from them), they moved my floating positions, and when contacting their support, some of them said that was a technical problem, some other said that was necessary to calculate swap (while my account is a swap-free account). I already report this matter to FPA, CySec and NZ FSP.
The real problem was not it, these are the real problem:
1. XM perform actions that change my open trades without my PERMISSION
2. XM apply the change all the positions that I have without any notice
3. What have XM did have screwed my trading strategy
4. Margin levels that I have was still far enough to withstand the floating loss, so there is no reason that my loss position had to be changed by XM (IF they would argue this matter as a margin call)
5. They think that they HAVE THE RIGHT to arbitrarily change my trading positions both either in the profit and loss conditions
6. With the explanation of the XM which keep saying that there's nothing wrong with the changes and my loss was just equal to $0, but judging from my side, my loss is much greater than just $ 31.22, due to return to the starting position before XM revamped the open positions require a long time to trade.
For any new members and existing members, please beware of their practice and withdraw while you can! They will have 1001 reasons for you when you feel there's something wrong with your trades.
