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XM Group Review

Steven Hatzakis

January 17th, 2022
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.07% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This content is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

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 best brokers in this space.

XM Group pros & cons

Pros:

  • Offers 1,230 CFDs, including 57 forex pairs.
  • Autochartist and Trading Central complement in-house research offering.
  • 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:

  • Cryptocurrency CFDs are not available.
  • Standard account spreads are expensive compared to industry leaders.
  • Average spreads are not published for the commission-based XM Zero account.

Overall Summary

FeatureXM Group
Overall 4 Stars
Trust Score84
Offering of Investments 4 Stars
Commissions & Fees 3.5 Stars
Platforms & Tools 4 Stars
Research 4.5 Stars
Mobile Trading Apps 4 Stars
Education 4.5 Stars

Is XM Group safe?

help 84
Trust Score

XM Group is considered average-risk, with an overall Trust Score of 84 out of 99. XM Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

FeatureXM Group
Year Founded2009
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses2
Tier-2 Licenses2
Tier-3 Licenses1
Trust Score84

Gallery

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2022 Review Methodology

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 113 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read about Trust Score here.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.


About the Author

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.








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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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