Although XM Group struggles to compete with market giants in terms of platform offerings, business coverage, and pricing, the company excels in informative resources and market analysis. Read on further to know what traders know about XM
Is XM Group Safe?
With an aggregate Trust Score of 84 out of 99, XM Group is of average risk. XM Group is not listed on the stock exchange and does not run a bank. Two tier-1 authorities (high trust), one tier-2 authority (average trust), and one tier-3 insurer have approved XM Group (low trust).
Offering of Investments
Your XM broker profile provides investors with 1,230 CFDs through different asset groups, including forex and 100 exchange-traded financial instruments (non-CFDs) through its other brands.
Commissions and Fees
Traders who require instantaneous operation would appreciate the absence of requotes or dismissals with XM’s Zero account compared to other agency-only brokers’ market operations. However, having said that, XM Group continues to lag the best forex brokerages in terms of pricing for plan and active investors.
Account Options: Payments and charges at XM Group vary according to the form of account and global organization selected. There are four significant accounts. Although the commission-free Micro and Standard plans are more costly, the commission-based XM Zero account, led by the XM Ultra Low account, is the most affordable. Note: not all XM organizations provide the XM Zero and XM Ultra Low accounts.
Spreads and Commissions: The typical spread on the EUR/USD is 0.1 pips in the fee-based XM Zero account (per XM Group web pages), making the actual spread 0.8 pips after the $7 per round-trip charge is deducted. On the other hand, standard and Micro accounts at XM Group must mean spreads of 1.6 to 1.7 pips for the same pair, making them comparably less desirable.
Execution Method: XM Group conducts all trades as the main dealer (primary market maker). This execution approach enables XM Group to include an operation for up to $50 million in currency at a point and up to 200 open positions concurrently, which is competitive in comparison to peers.
Shares Trading: Apart from Forex and CFDs, XM Group offers a Shares account that includes a $10,000 minimum deposit and is designed for shareholders who want to trade stocks directly (without using a CFD). This account is not available at any of the Group’s organizations.
Platform and Tools
Offering the complete MetaTrader package (MT4, MT5) and system add-ons is a critical differentiator between the best MetaTrader traders. XM Group checks all the boxes, providing the full MT suite in addition to several patented markers built in-house, such as the Rivers indicator.
Research
XM Group’s XM TV is a champion, providing excellent regular in-house market coverage that competes with industry experts such as IG, Saxo Bank, and CMC Markets. Additionally, while market analysis is typically found outside of MetaTrader 4, XM Group provides a robust and high-quality bundle that will please most investors.
XM TV: The XM Group has done an excellent job making regular forex news videos that feature market analysis described in a TV interview format. Additionally, the content from this video content is released as a podcast to allow information to be broadcasted through multiple media platforms.
Articles: Apart from the video, the XM Group’s website’s News section enables users to filter results by investment market, making it quicker to discover information about foreign exchange, indices, securities, and cryptocurrencies. Additionally, it’s simple to appreciate the range of XM Group’s research material, which includes high-quality regular market recaps in addition to technological and qualitative analysis papers.
Trading Signals: XM Group provides live account holders with access to its Trade Ideas and Technical Summaries hub, which features indications from Autochartist and Analyzzer. Additionally, the broker offers Trading Central trading ideas (for shares only). In addition to the MetaTrader signals market, which enables automatic exchange copying, XM Group supports social copy trading from Analyzzer-compatible professional experts.
Accessibility: Since the trading portals are separate from the analysis, XM is at a slight disadvantage compared to the best forex brokerage firms for research. By contrast, Saxo Bank, IG, and CMC Markets all have analysis capabilities in their platforms.
Education
XM Group provides a wide range of high-quality educational materials. For instance, the in-house video library, Tradepedia, is an incredible resource for beginners. Moreover, XM Group easily competes with industry experts such as FXCM, IG, and Saxo Bank.
Tradepedia: The XM Group offers Tradepedia, an in-house online series that teaches Forex and CFD trading. Numerous viewers considered the series beneficial, as it included 39 videos spread over seven sections and provided comprehensive coverage of basic and professional media content.
For instance, the teacher of the course illustrates how to use some of the firm’s exclusive markers, such as the Avramis River indicator. Additionally, the video included several examples to assist users in interpreting this specific study in a variety of market situations.
Webinars: With 49 webinar mentors covering 19 languages during the week, XM Group offers traders a comprehensive schedule arranged by skill level.
Articles: There are 53 published articles arranged in a comprehensive format across six parts that cover 13 forex lessons, beginning with the fundamentals and concluding with advanced topics. Apart from the benefits, XM Group should consider expanding its educational offerings to provide CFD education for other asset classes.
Mobile Trading
XM Group is a MetaTrader-exclusive broker; the iOS and Android variants of the MT4 and MT5 smartphone apps are included and can be downloaded from the Apple iTunes store or the Google Play store, respectively. However, with no patented mobile application, XM Group lags market leaders IG and Saxo Bank in this segment.
Conclusion
As a vanilla MetaTrader broker, XM Group provides over 1300 tools, including 57 currency pairs, but lags the best trading platform, which offers hundreds of exchangeable symbols. Meanwhile, although XM Group’s commission-based account cost is competitive, its Standard account spreads are high.
Despite its shortcomings, XM Group offers superior analysis and education to traders, making it an excellent option for learners and brokers who value high-quality market research.