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Testing the mettle and serviceability through a thorough review of its forex brokerage service is the XM Group. Trading with XM can be done only via the Metatrader 4 and Metatrader 5, available as web terminal, desktop terminal and mobile trading versions . The broker offers an excellent selection of more than 1,300 assets to trade, including Forex, indices, stocks, futures and commodities. XM also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. XM holds client’s money separately to the company funds and does not use these funds for any operational expenses or purposes.

Those include trading currencies, CFDs, precious metals, energies, and equity indices. You can view all of the relevant legal documents for XM on the Legal Documents page of the web site . This includes documents like terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more.

Nexus LLC is not xm broker review with the Autorité des marchés financiers and is not authorized to solicit investors in Québec. Cryptics.cc is not registered with the Autorité des marchés financiers and is not authorized to solicit investors in Québec. Compare Forex brokers and trading platform that accept Ethereum for deposits and withdrawals. Finding a Shariah-compliant trading account is harder than it sounds. We’ve reviewed 8 brokers with Islamic accounts, and called out TrustedBrokers’ «Best Islamic Broker in 2023». Compare Forex brokers in Canada with micro accounts, well suited for smaller trade sizes.

We take a close look at this and provide information and also about other products that come from the company. Inflated accuracy – Claims like “90%+ accuracy” are an immediate indication to be cautious. Even the best traders and technology cannot achieve this level of accuracy. With a little investigation, you can actually check their previous signals against historical market data. Trading signals provide trade ideas or suggestions to traders that will help them take advantage of opportunities in the market. Promises of unlimited profits – Scammers will claim things like, “churn out endless profits from the markets round the clock” or “guaranteed profits”.

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In 2017 XM Global Limited was established and is regulated by the Belize Financial Services Commission . XM client’s benefit from access to over 1,000 financial instruments including Forex, and a complete range of CFDs; stocks, precious metals, energies, commodities and indices, with flexible leverage. Trading Point of Financial Instruments Limited is a member of the Investor Compensation Fund , an investor compensation fund for CIF clients and its functions are regulated by the directive DI87-07 of the CySEC. An XM Ultra Low Account is out there with the bottom currency of USD, GBP, EUR, SGD, AUD, or ZAD. You continue to haven’t any commissions and negative balance protection. There are not any trading bonuses and no deposit bonuses, plus hedging is allowed.


XM’s efficient trading conditions contributed to its good public reputation with the rest of the market. Among the many reasons why the XM Group has maintained success in the brokerage industry is it does not fail to cater to its clients’ needs. The company concentrates on customer needs, comfort, and security in the accounts of investors. This status that forex traders earn as soon as they begin trading with XM forex broker gets each trader 10 XM points per lot.

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This is reported by some to be an offshore office, which would imply that some security in transactions and trading processes may be lacking in some unknown regions. Despite this, whether the implications are true to a certain extent or not, the XM Group is still a top-notch and trustworthy brokerage firm and an adequate choice for many other traders. XM ensures the comfort of its clients, which is why it caters to each client’s specific needs. They provide hands-on financial services, focusing on both new and professional traders, and ensuring the flexibility of their services. Any trading fee or cost is already inculcated in the spreads, implying that XM doesn’t charge any hidden fees at all. This feature brings the firm’s transparency with clients into the spotlight.

In addition, there is also the question of whether a demo account is provided and how long it can be used free of charge. Scam brokers will often operate a single bank account for both their clients’ funds as well as their own operational money. This means that when funds are dwindling on their accounts, they will be more likely to seek ways to boost operations using client money. This is an extremely bad business practice, and in the event that the broker cannot meet their financial obligations, your funds will be tied up with theirs and could even be claimed by their creditors.


XM also offers swap-free accounts for traders of Islamic belief. XM has extensive experience and offers support in additional than 30 languages. This helps the broker appeal to those everywhere the planet and of any skill levels. XM also has 16 full-feature trading platforms for clients to settle on from.

A Smart Limit order can never be repriced to be more aggressive than its original limit price. Trades on dark orders are subject to any minimum quantity and minimum interaction size or other conditions as optionally indicated on a Member’s order. Comments will be made publicly available unless confidentiality is requested. Upon completion of the review by staff at the Ontario Securities Commission («OSC»), and in the absence of any regulatory concerns, a notice will be published to confirm approval by the OSC. Trade over 60 pairs of currencies as well as CFDs on metals, indices and commodities through MT5 with this ECN account. Forex and CFD trading involves significant risk to your invested capital.

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In my opinion, I found no problems with the customer support of XM. Since the day I started working with them, I haven’t faced any technical troubles or any discomfort. For those who cannot speak/understand English, XM offers up to 30 different languages such as Thai, Chinese, Indonesian, Vietnamese,…to support you, so there is absolutely no language barrier here.


Establishing its integrity as an honest brokerage institution, XM Group is multiple licensed brokers. It has earned several distinctions along with its license to operate forex brokerage from the Australian Securities & Investment Commission and the Financial Conduct Authority . XM offers MT4 and MT5 platforms on iOS and Android and web trader platforms on different devices.

The more they trade, the higher the points they accumulate, which can be converted to the LOYALTY BONUS after application. Using the XM Zero Account, traders are faced with average spreads on the EUR/USD pair with 0.1 pips. If you take a look at the commission-free Standard Account and Micro Account, its average spreads for the same currency pair is at 1.7 pips. However, if we put the commission-based account into the picture, the average spreads will have traders trading the same forex pair at 0.8 pips.

https://broker-review.org/ 4 and MetaTrader 5 are both available in iOS and Android devices. Dowmarkets grants traders this award when they make a deposit to their account. This award is offered entirely forex trading at Dowmarkets’s discretion. Demo accounts have all the same features that a standard account offers, including real-time charts and quotes for hundreds of financial assets.

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These can present you with indicators and alert you to movements in the market, 24 hours a day, 6 days a week, with minimal intervention. We even provide Virtual Private Server hosting so you don’t have to worry about your computer turning off. Compare the best Islamic trading accounts in Canada, including standalone Islamic accounts and others available without swap charges. MetaTrader 5 is the successor to MetaTrader 4, the world’s most popular trading platform. We’ve reviewed the best MT5 brokers in Canada, and highlighted those that allow all trading styles and Expert Advisors. Trade CFDs on Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker.

This phenomenon can be found in all companies, but especially those from the Internet. For example, if a broker has received three reviews on a website and all of them are negative, it does not mean that the CFD broker is actually a scam or that the provider is dubious. We try to differentiate in every evaluation of the broker’s services and thereby determine what is really to be thought of the opinions.

Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5. These clients can only have up to 200 positions open or pending at a time. In addition, the New Order Books are not expected to have inverted fee models and as a result we expect broader adoption of the innovative new features introduced to improve execution quality. The fee model for the New Order Books will be subject to regulatory approval.

10 Best MT5 Brokers for March 2023 with Lowest Spreads – Business 2 Community

10 Best MT5 Brokers for March 2023 with Lowest Spreads.

Posted: Wed, 14 Sep 2022 07:00:00 GMT [source]

Regulators also check that brokers are not making unfounded claims or using dubious marketing tactics. Furthermore, in the case of a conflict, investors have a level of recourse with a third-party body whose express obligation is to protect investors. Beyond regulation, investors should also check reviews from trustworthy sites online where they can read about experiences of other real traders. Many review sites also thoroughly investigate complaints, as well as safety and security issues, such as KYC policies and website encryption standards.

When a Smart Peg order executes at a more aggressive price than its booked price, the execution price is referred to as its «Discretionary Price». Among Smart Peg orders executing at the same price, broker-time priority applies. BlackBull Markets has been recognised and awarded multiple times as a rapidly growing financial services business backed by industry-leading technology. BlackBull Markets’ combination of technological innovation and client focus lead the way in retail forex trading. Use Tether for deposits and withdrawals to your trading account with one of the following Forex brokers.

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