XM review: Regulations, Platforms, Features and Ratings.

i register with xm now almost a year now and I tell you what it is an amazing company that deserve more credit i can't find anything about wrong about it maybe the spread a little high sometime but it is fine and the withdrawal is very fast I had no problem with it the bounce amazing i just want to wrote this because nobody write a feed back when things are good i find this company very satisfying i don't think i am gonna change it for now.

this xm is good brokr onlu problem is too many much email letter they send me and i dont like this beacuse no unsubscrib option

My account number 2661813

Bad experience!! It's purely a market maker broker. in the website they said they allow news trader. there is once i place a pending order before news, they keep removing all my pending orders and doesnt allow me to place before news. When i complaint they said they dont allow us to place pending orders before news!

TODAY, i wanted to trade RBA rate cut too. I have entered a sell trade and my trade was profiting. the moment i close the trade, my trade was around 130+ profits, but after closed it, i check back the history the trade was closed with negative. at the moment i close the trade the market is not moving very fast anymore!!!!!!!!

so means they dont allow me to trade news!

I've traded with XM on and off for a few years. Due to past experiences, I do not trust brokers by default so I have used XM with the expectation they would attempt to rip me off at some point.

It genuinely surprises that my experience with XM has been generally excellent apart from the occasional customer service gaff.

The spreads aren't the best in the world but after factoring in XM's consistency of execution, low slippages etc then XM are actually cheaper to trade with than many other brokers especially after XMP (see below). What I like most is the peace of mind I get, I am able to leave my experts running in the confidence nothing untoward will occur in my absence.

The cent account functions exactly the same as a standard account and is an excellent tool for testing systems.

Additionally, XM offers a real-time XMP lot based bonus system so I receive rebates daily which is nice. I still have an ECN account with another broker but I will continue to use XM for as long as their service remains so robust.

Please note: I have traded close to 10000 trades with this broker over the past few years.

2015-12-24 2 Stars XM is an excellent broker for traders who haven't learnt how to make money trading the markets. As soon as a trader graduates from being a loser to being a consistent winner, XM will cause you many many problems with the usual bucket shop tactics.

The micro accounts are useful and a low-cost way to forward test strategies, I prefer to forward test on a live account vs demo account so using a micro means the losses and profits are in the pence/cents. Beyond this, if you can afford it use an ECN broker all the time.

Rebuttal: Added by Chris A. Zacharia on 2015-12-31
Content: Dear Max,

I am glad to hear that you have found our micro accounts to be useful but at the same time I was surprised to read your comment about the "bucket shop tactics". Can you please elaborate on that?

XM is a reputable financial institution and we value every single client. If you have experienced any issues, I kindly ask to share your MT4 ID and post any specific concerns that you might have.

Kind regards,
Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)

i have decided to join xm.com since i see dedication in them taking time to respond here, however i am getting a run around with them accepting my docs, and now i am thinking of going with another broker.
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