XM Review

3.068 · 655 REVIEWS

Trading Point of Financial Instruments

Updated: Sep 13, 2021 · XM.com  · Is this your company?

XM is a group of online brokers holding regulatory statuses in various jurisdictions. First entity of the group Trading Point of Financial Instruments Ltd. was founded in 2009 in Cyprus and is regulated by CySEC. Currently, group also have presence in Australia, UK, and XM Global Limited is regulated by IFSC (Belize).

XM broker offers full edition of the popular MT4, MT5 platforms which includes numerous proprietary indicators. XM TV provides daily forex news videos and market analysis, also available as an audio podcast.

XM traders can benefit of Autochartist, Analyzzer, and ideas from Trading Central and of course the MetaTrader marketplace.

Please read XM Reviews below and share live trading experiences with this broker.


Former websites of this broker include Trading-Point.com.

Other websites related to this company include XMTrading.com, PipAffiliates.com, XMArabia.net, XM.co.uk, XMSina.com.

💵 Minimum Deposit   $100
💸 Maximum Leverage   888:1
🧰 Trading Platforms  MT4, MT5

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 888:1
Minimum to Open Live: $5
Established: 2009
Address: 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus
Contact: support@xm.com, +357 25029933
Regional offices:
Regulators: ASIC #443670, IFSC #000261/158, CySEC #120/10, DFSA #F003484
Prohibited countries:
Trading platforms: MT4, MT5
Web Trading: Yes
Mobile Trading: Yes
Currencies: (55+)
CFD: (940+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill

Live discussion

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XM.com profile provided by Chris Zacharia, Mar 28, 2017

XM is a forex broker. XM offers the MetaTrader 5, MetaTrader 4 and Mobile global forex trading top platforms. XM.com offers over 55+ forex pairs, stocks,cfds, equities, indices, metals, and energies for your personal investment and trading options.


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3.068 · 655 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Traders Reviews

Sep 23, 2011,

Opened a real micro account one week ago.
Fast account activation, deposit by bank wire credited within 24h, support from backoffice and technical service is accurate and within reasonable time from request. Loaded some EA that are runnig smoothly. Fair swaps rates. Up today no experience with withdrawals.
Oveall a positive score for this Broker , keep on this way TP !
Chris A. Zacharia,
Limasssol, Cyprus,
Aug 30, 2011,

Chris A. Zacharia Official Representative of Trading Point of Financial Instruments

Dear Alex, Khairul, Tim, Nadav and Artur,

Thank you for your comments and reviews. It gives us great joy reading your feedback. We thank you for choosing Trading Point

Dear Mr. Kumar,
As noted in the email which you received and posted below, your withdraw request was successfully processed and sent to you, I confirm that the funds should be with you till this time. We have sent you the confirmation as requested. If for any reason you have not received the funds until this day please feel free to contact us immediately.

Dear Greg,
I would say that after closely reviewing your case your review is at the least not fair at all.

In regards to your withdraw being complicated; you are a German citizen residing in Thailand which had requested a withdrawal to a bank account in Germany without providing the adequate paperwork for that request to be fulfilled as your source of funding was not made by that means.

Additionally please note that in the meantime you had filed for a withdraw request which you personally cancelled because you had decided to withdraw the funds to a different bank which you were obliged to provide documentation for.

As noted in the relevant page of our website http://www.trading-point.com/forex-bonus and in the terms of use of the welcome bonus http://www.trading-point.com/download/docs/welcome-bonus.pdf it is 100% clear that welcome bonuses are deducted during a withdraw request.

In regards to EA’s
Ea’s are welcome and they are NOT in any case blocked on Real Accounts, your EA worked perfectly on your Demo Account as your Demo Account is configured to Mirror a Standard Account where your Real Account is a Micro Account and therefore an EA configured to work on a Demo Account which In reality is like a Standard Account will not work on a Micro as the instruments are listed differently.

Our Spreads are transparently published on our website and are accessible from the Spreads page on the main website.

Thank you,
Chris A. Zacharia Official Representative of Trading Point

Ankur Kumar,
New Delhi,India,
Aug 26, 2011,

"Withdrawal Request - 13631
Harris Karitzis to me, backoffice
Aug 22 (5 days ago)

Dear Valued Client,
I am pleased to confirm that your below request has been well received and processed.
Please do not hesitate to contact us if you require anything further and a member of our team will be happy to help.
Kind Regards,
Harris Karitzis | Back Office Officer | Back Office
t: +357 25029900 | f: +357 25820344
e: harris@trading-point.com"

Dear Sir,
On inquiring from my credit card issuing bank 200$ have not been received & 5 days have already passed.Kindly confirm immediately & give me the trasaction details now!!

Ankur Kumar
Aug 22, 2011,

Trading Point is ok. I use other broker and tis is very good. I make profit no problem withdraw
Aug 21, 2011,

I had the same bad experience with trading point.
I opened easy a real account with them. 2 days only my money was there. When i withdrawal money back, boy, they have done it complicate! First they could not find my before uploaded papers! They said to me, i have traded all the time on a not confirmed trading account. They was messing with me around 2 and a half hours in the chat, with the end response, i must upload all my papers again and then they decide, after waiting 24 hours, if they give me back my money. After that, they needed over one week to do the withdrawal back to me!
The 20% bonus they cancel in the moment you put out some money back to your bank account. You will never see one cent of it in your hand!
Also they betray the traders.
They say EA s are welcome! Ha, ha.
The EA s work super on the demo account, yes! On the real account they are all blocked! Nothing works!
You also cant put trading stops around the news time. They put it all out directly.
The spread is bad too! Nearly impossible to go in the win.
After that i decided not to do business with them anymore. I took another broker.
This is a bucket shop. The 5 stars given here are a big lie.
I tell everyone here, stay away from them!
Ahmad Khairul,
Aug 21, 2011,

I starting to trade with Trading Point last month and it is better and excellent than expected.

Deposit and withdrawal are so smooth and have a reliable live support. They have personal manager that ready to assist you anytime if you need help with your account.

Trading so far so good, no requote and spread are the best in the normal time. 5 decimal is perfect pair because execution is ok.

Regulated FSA Uk make me feel secure.

My second withdrawal will be this month. I think this is good broker for everyone.
Chris A. Zacharia,
Limassol, Cyprus,
Aug 18, 2011,

Official Representative of Trading Point of Financial Instruments

Dear Customer with the Title Duped,

First of all thank you for deciding to try Trading Point; in regards to your comments I have provided an explanation for each and every point you mention.

Please note that we do not have your Account Number so if you wish to directly talk to me or a representative of Trading Point for further explanations it would be optimal.

In regards to Deposit/Withdrawal Fees

In contrast to most licensed brokers which charge between 1.6% to 2.5% on deposit and withdraw when a deposit or withdraw is made by Credit Card at Trading Point NO charges apply what so ever.

As for Neteller or Moneybookers charges occurring during deposits or withdrawals are reimbursed to your trading balance within 24 hours during the business week.

In the case of Wire Transfers, Trading Point covers all the fees associated with our bank both when receiving funds from customers and when sending funds to customers. However some banks charge an “INWARD PAYMENT SWIFT FEE” which is something Trading Point cannot control or cover.

In regards to the Bonus

As noted in the relevant page of our website http://www.trading-point.com/forex-bonus and in the terms of use of the welcome bonus http://www.trading-point.com/download/docs/welcome-bonus.pdf it is 100% clear that welcome bonuses are deducted during a withdraw request.

In regards to Spreads

Trading Point offers variable spreads similar to the Interbank market meaning that spreads are narrower during high volatility times and less narrow during less volatile hours. However a 4 pips spread on a major is still very high so please send me an email with your account number at chris@trading-point.com and we will look in to it immediately to see what might have gone wrong.
Summing up; I don’t feel that it is fair to state that you feel reviews are not true before you have personally interpreted the terms of use of both the website and the trading platform of Trading Point. Posting reviews which are non accurate or have been derived from lack of understanding of trading conditions does not in any way assist making reviews true and accurate.

Thank you,
Chris A. Zacharia

Official Representative of Trading Point of Financial Instruments
South Africa,
Aug 17, 2011,

TP works nicely for me.

Happy with the execution limited slippage no re-quoted order up to this day, been with them since April 11’.

2 withdraw requests up to day smooth and flawless.

1 ocassion of a flaw with platform but nothing major
Aug 17, 2011,

An overall balanced and cool broker
No requote up to day and spreads in the acceptable margins of the industry.
Customer service is ok, deposits are quick and 3 withdraws up to date the same
Thumbs up ok with me
Aug 15, 2011,

Trade Point is better than other broker I have tryied better service and easy trading

I approve good rating on FPA.

Please make Polish homepage

Frequently Asked Questions

Is XM a good broker?

The best way to answer if XM is a good broker is to read the unbiased traders reviews on Forex Peace Army. https://www.forexpeacearmy.com/forex-reviews/7214/xm-forex-brokers.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we recommend to check recent XM broker community discussions: https://www.forexpeacearmy.com/community/tags/xmcom/

What is the minimum deposit for XM Broker?

XM brokers offers several account types. Micro and Standard accounts have a minimum deposit of $5. Other account types vary in their minimum deposit requirements by region.

How do I deposit money in to my XM broker?

XM's broker deposit procedure is fairly straightforward. Once the account is registered and approved, follow these simple steps:

  • Login to XM broker members area.
  • Select the deposit method (Credit and Debit cards, Neteller, Bank Wire Transfer or other).
  • Select the XM account and specify the deposit amount.
  • Enter the appropriate payment details. 
Funds availability depend on the funding method, with card deposit being "instant". If you have any questions or problems contact XM broker live chat.

How long does it take to withdraw from XM?

XM broker says they process nearly all withdrawal requests within 24 business hours.

Then it may take another 2-5 business days for the bank to process wire or for card transaction to be reflected in your account.

For faster XM withdrawal you may opt for the XM Card or e-wallet, these payments are received the same business day.

Can I withdraw XM bonus?

Profits made by trading XM bonuses are withdrawable. However, you can not withdraw XM bonus itself.

Check the terms and conditions of any bonus program before accepting a bonus.

How much can I withdraw from XM?

XM's minimum withdrawal amount is $5 for credit/debit cards and e-wallets and is $200 for the bank wire.

The maximum withdrawal amount from XM is determined by the payment method with Bank Wire limits being the highest.

Please be aware of the XM withdrawal priorities, if you deposited money with the credit card or e-wallet, then withdrawal is processed via the same method up to amount deposited before you are able to select other withdrawal methods.

Does XM allow scalping?

XM allows scalping as well as trading during time of increased volatility.

It is always a good idea to check fresh reviews on Forex Peace Army to see if traders recently encountered any serious problems with scalping using XM trading platforms.

What is XM zero account?

XM Zero accounts feature near-zero spreads (EURUSD average spread is as low as 0.1 pips) and a no requotes execution policy with all trading styles welcome.

The trade off is a broker commission of $7 per lot round turn charged when opening the trade.

Some regions may have different account options.

Is XM a regulated broker?

XM broker is regulated by several government regulators:

  • Australian Securities and Investments Commission (ASIC), registration #443670;
  • Belize International Financial Services Commission (IFSC), registration #IFSC/60/354/TS/18;
  • Cyprus Securities and Exchange Commission (CySEC), registration #120/10.

Does XM charge commission?

XM broker offers several account types:

  • Micro Account and Standard account are commission free
  • XM Zero account features ultra-thin spreads but charges commission of $7 per round lot traded payable at the order opening time
  • Some regions may have other account types

What is XM leverage?

XM offers flexible leverage from 1:1 to as high as 888:1 that can be instantly changed in your account members area.

Higher leverage allows to trade the borrowed capital which increases both the profit potential and the risk of loss.

Some trading strategies like automated scalping may require high leverage while many professional traders do not use much leverage.

Please trade responsibly selecting the leverage based on your risk appetite and loss tolerance level. Some regions may only offer lower leverage.