Live1-3 months experience, under $1,000 account size
7.13
Good: Nice broker. Nothing negative to say
Pros
First I heard about the broker from my friend who is also a beginner FX trader. The more I learn, the more I was convinced that the broker is great and opened a live trading acc. So far, I like everything. Lots of instruments and reasonable fees. Recommended!
Cons
Nothing to dislike so far.
conrad.cash
reviewed 617 days ago
LiveLess than a month experience, $1,000 - $5,000 account size
8.63
Great: Would recommend to experienced FX traders
Pros
I like the desktop version a lot. Not much of a mobile trader myself. Features are good and fees aren't something extraordinary either
Cons
I had some trouble getting a timely response from customer support. Had to wait for 20 minutes to finally get through.
aubrey.hart
reviewed 617 days ago
LiveLess than a month experience, under $1,000 account size
7.5
Good: Really good broker for those who just started trading
Pros
I just started trading and have tested out few brokers. XM seems to be best as it is really easy to use and have really good educational materials. Can not give a very deep dive, since I am still learning more about this broker.
Cons
What I can say is that XM has somewhat high fees compared to other brokers. But looking at other aspects of this platform paying more in fees for the services I receive defiantly worth it.
Top class broker and reliable partner. XM is safe and all terms for trading are just superb. If you want to start trading I recommend XM 100%. Was able to withdraw money without any issues and it says a lot about broker.
Cons
Spreads are arpund 1 pips and sometimes widen during news events.
turner.clay
reviewed 617 days ago
LiveLess than a month experience, under $1,000 account size
7.25
Good: Great broker but i wish they had ctrader
Pros
I'm new with XM. But I like the broker very much. There are all the things that I'm looking for to trade and nice customer service.
Cons
Personally, I can stand metatraders. I know everyone uses them and blablabla.. But they are too complicated for me. My friend uses ctrader with other broker and for me, it's much simpler. This is why i'm using tradingview for charts and just place orders from XM platforms.
jenson.harris
reviewed 617 days ago
Live6+ months experience, $5,000+ account size
8.38
Great: Reliable FX broker with fairly fast withdrawals
Pros
Account opening doesn't take as much time and withdrawals are also fairly quick. I've been using the platform for well over a year now and it does its job very well. Plenty of educational content to boot. The trading platform is intuitive and easy to navigate as well. Solid experience overall.
Cons
There is not much variety in what you can trade. It may be great for FX traders, but other than that, nothing too exciting. Adding crypto to the mix of tradable assets would be great in the future.
Great: Most trustworthy and legit broker. Fast withdrawal processings
Pros
Very solid broker. Probably the most robust Forex broker out there. I was traded with them for months and experience was very solid. If you want to trade with a safe broker, XM is the one to go. I chose XM after reading several reviews online, and I was trying to find a broker who would give me ability to withdraw money under a day. XM lets you withdraw money quickly. If you are searching for legit broker to start trading Forex I strongly recommend XM from my experience of trading 8 mnths with them.
Cons
Spreads are average and mostly about 1 pip, making it hard to implement my scalping strategies with XM.
zeph.simon
reviewed 617 days ago
LiveLess than a month experience, under $1,000 account size
8.63
Great: It is the most comfortable broker to trade with
Pros
I'm new to trading with any financial assets, and among multiple brokers, I have tested out, I felt most comfortable with XM. Does not matter If I trade using my laptop or iPhone the experience Is amazing, it is very easy and comfortable to use.
Cons
The only thing I did not like about XM is how high their fees are. I don't have experience with many other brokers so can't tell for certain, but sometimes I was charged fees ± $ 5 0
joe.schultz
reviewed 617 days ago
Live6+ months experience, $5,000+ account size
8.38
Great: Great for XM, but more cryptos would be nice
Pros
XM is a great choice for Forex and CFD trading. They also provide some ok webinars and amazing support in local languages as well as English.
Cons
While most of the brokers in 2023 offer a great selection of crypto assets, XM seems to be lagging behind. While it is possible to trade BTC and a few other cryptos, XM's crypto asset availability is rather limitted.