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XM Group
XM has built a solid reputation since 2009 by following three guiding principles: fairness, reliability and transparency. Internationally recognised by its industry peers and clients as one of the world’s largest and most client-centred broker companies, XM serves over 10 million clients from over 190 countries.
Fair Trading Conditions for Every Client
Founded in 2009 by market experts with extensive knowledge of the global forex and capital markets, XM is a well-established multi-regulated and licensed company (CySEC, ASIC, FSC, DFSA
XM Group
Overall
I am new to this broker, however I have already had the chance to test both negative account protection and withdrawal.
They work.
Regarding future cooperation with them, my concerns and dilemma is the following:
In Terms and Conditions, there is a cloudy part about Artificial Intelligence Software:
"53.2 Artificial Intelligence Software:
It is absolutely prohibited to use any software , which we determine, at our sole discretion, to have as its purpose to apply any kind of artificial intelligence analysis to our Online Trading Facility and/or computer system(s) relating to the use of our Services;<...>Under these circumstances, we reserve the right to seize any profits and/or revenues generated directly or indirectly by exercising any such prohibit trading activity<...>
"
My concerns:
1. it is unusual to refer to artificial intelligence in TCs of Forex brokers, as:
2. unfortunately for the client (traders): all expert advisors might be considered artificial intelligence software because:
3. the term 'sole discretion' is used without any further explanation,
4. please consider that by definition, artificial intelligence (both software and hardware) is aimed at substitute human decisions and
behavior. So each and every Expert Advisor may be suspended and profits confiscated at 'sole discretion'.
My view:
The broker should give enough information for clients which could enable them to make informed decisions like:
1. either decide that this broker is not for them,
2. or to be able to prepare their EAs not to 'harm' the broker and thus risking profits confiscated.
Overall
This is a bucketshop if you loss they are happy, and if you win they do everything to prevend you to withdraw your profit. It is like a casino. I made only 2 trades, the first one ended in a loss so everything was fine, until my second trade i made some profit everything also fine, until i wanted to withdraw some profit they TERMINATED my account:
Accordingly, we regret to inform you that in accordance with the terms and conditions, we have decided:
to terminate all of your trading account(s);
to cancel trade 2575496;
Out of the blue sky they just cancelled everything! saying i was arbritaging :(, YEAH RIGHT i didnt knew what this was until i googled it up.
SCAMMERS, i will file a suit against them!
Beware if you dont want to lose!
Overall
uso XM da 2 anni e sono soddisfatto ,perchè hanno velocità di esecuzione,buoni spread e regolarità nei ritiri di denaro.
mauro benintendi
Overall
I just don't understand this.. If you make profit, then what is the loss for the broker exactly?
Overall
I'm new to xm but no problems so far. No anoying calls or something else. Trading on Micro-Account. Always get boni for everything. So I'm satisfied with this broker. 😄
Overall
recommend ja make almost 3 years I have real account with them.
Deposit always gain a 20% bonus .
Withdrawals are excellent all automatic and fast.
Overall
I wanted to try their demo account and downloaded it and l could not use it. I sent them an email but no reply, I guess something went wrong, I can not access.
Overall
My experience with this broker:
I opened a demo and a real with only 100euro, just to prove the systems of this broker.
I had some problems with the close, when there was very volatility, so I decided after a mail to have explanations to ask the deposit back, the 100 euro they given in the same credit card I used to load the fund and the 9 euro of income through srkill the same day, for 100 euro I have waited only 3 days. all at no cost free.
I believe that I will return to this broker, always ready to answer. thanks XM.com
Good customers
Good services
and seem no problem
Overall
XM is better somehow, i already withdraw it so many times, good customer services and there seems no problem i guess, just don't subscribe.
Overall
Não esta deixando o sistema de copia trabalha
Overall
The service from XM is ok, but after subscribing, I received a call from some guy trying to sell binary option to my while I never asked for it. I thought it could be that I registered to some forum or something, but one of my friend subscribe to XM and had same issues...
If you do not like your private information being sold to some scammers, then avoid XM...
Overall
good broker, good fidelity promo, good customer service, good & fast account administration, but...
on sunday, market opens after a few minute after local time 11pm, tipically 4 minutes.
not works very well 4 scalpers.
max 200 pending/open orders.
Overall well-advised.
Overall
I openned account there for scalping purposes. It is allowed, but micro works different than standard account. Micro i winning, standard is loosing, the same condictions, etc. After I win 50% in micro, with avg trades few seconds, they plugin me additional slippage, and trades become from 4-8 seconds execution on both side. Not recommed for scalpers, maybe for normal trading, yes, but I know at leas 20 similar brokers good for normal trading
Overall
Dear dunkdenk,
We understand your frustration and we can reassure that we have identified the problem and we have already addressed it.
Between the end of the trading day on Thursday 10/7/14 and the beginning of the trading day on Friday 11/7/14 (Server Time) a technical error on our trading servers has resulted in open trades of certain instruments to be presenting unrealized profit and loss at that time as realized profit and loss.
Please be noted that your overall account performance has not been affected in any way from this error.
We would like to reassure you that the issue has been resolved by our team.
If require assistance please feel free to contact your account manager or our support desk.
Kind regards,
Andrey - Official Representative of XM (Trading Point of Financial Instruments Ltd.)
Overall
Beware of this broker, they're what like other traders warn us, they're against us, they will interfere with your trades when they see that you're winning. In my last case (which the one that made me withdraw from them), they moved my floating positions, and when contacting their support, some of them said that was a technical problem, some other said that was necessary to calculate swap (while my account is a swap-free account). I already report this matter to FPA, CySec and NZ FSP.
The real problem was not it, these are the real problem:
1. XM perform actions that change my open trades without my PERMISSION
2. XM apply the change all the positions that I have without any notice
3. What have XM did have screwed my trading strategy
4. Margin levels that I have was still far enough to withstand the floating loss, so there is no reason that my loss position had to be changed by XM (IF they would argue this matter as a margin call)
5. They think that they HAVE THE RIGHT to arbitrarily change my trading positions both either in the profit and loss conditions
6. With the explanation of the XM which keep saying that there's nothing wrong with the changes and my loss was just equal to $0, but judging from my side, my loss is much greater than just $ 31.22, due to return to the starting position before XM revamped the open positions require a long time to trade.
For any new members and existing members, please beware of their practice and withdraw while you can! They will have 1001 reasons for you when you feel there's something wrong with your trades.
Overall
Here is for you to judge people.
Great BROKER ! Experienced with this broker 10 years already. Great spread, great execution speed, GREAT LEVERAGE. Whopping 888 leverage. MY ASS . Filed an order before nfp releases today. As the picture shown, i filed my order at 15:29 not 15:30 when the server stop their asses or whatever it is that they call as ARBITRAGE trading. I did it on purpose to sell on the last minute as I do not want noises from the market to hit my stop loss. Leverage of 888 that i used, but is that the service that XM BROKER provided us with which we can use as a good weapon? If this really considered as fraudulent act as they said, why not disable the buy, sell order in the last minute of release eh ? here is the picture to prove. SO, in the conclusion, I am banned from dealing business with this broker, and my profit they are cancelling it out : )
😄
http://s16.postimg.org/5u0hgsyk5/nfp.jpg
Overall
I was shocked today to get the following trade warning email message from XM today!
Please be careful with XM!
I have never ever received this kind of trade warning message from any other brokers in the world.
========================= EMAIL MESSAGE I'VE GOT TODAY ============================
2014-03-21 15:46 GMT+01:00 Lucia Kaltenbachova :
Dear Sir,
We thank you for choosing XM.COM as your broker.
We regret to inform you that due to the high frequency of transactions/orders requested/performed from your end your transactions have been very strenuous on our servers.
As such we kindly request that you remove the current Expert Advisor being used to perform your trades or significantly reduce the frequency of your trades.
Furthermore failure to comply with the stated measures above and/or respond to this email in the next 24 hours will result in your account being temporarily suspended, pending communication/collaboration from your end.
Please do not hesitate to contact us with any queries with regards to the message above.
Kind Regards,
Lucia Kaltenbachova
Customer Care Department
XM
T: +357 25029900
F: +357 25820344
E: [email protected]
XM
The information contained in this electronic message and any attachments (the "Message") is intended for one or more specific individuals or entities, and may be confidential, proprietary, or otherwise protected by law. If you are not the intended recipient, please notify the sender immediately, delete this Message and do not disclose, distribute, or copy it to any third party or otherwise use this Message. Electronic messages are not secure or error free and can contain viruses or may be delayed, and the sender is not liable for any of these occurrences. The sender reserves the right to monitor, record transfers cross border and retain electronic messages.
Please note that trading in forex and other leveraged products may involve a significant level of risk and is not suitable for all investors. Before undertaking any such transactions you should ensure that you fully understand the risks involved and seek independent advice if necessary.
Overall
I got a winning trade because of the news release then i withdraw my profit, after few days XM.com sent me an email state that they wont pay me the profit and just give back my deposit money and close my account. I have been traded with XM for more than 1 year, i had never facing to this issue, just the first time. Now at others forum many traders also got this case with XM, when the traders get profit they didt give the profit and close the traders account just pay back the deposit money, but when the trader get lossing trade they just accept the lossing trade, means that you cant even get the profit from XM, once you get a profit they will close your account and burst the profit
Overall
Very very very nice to all
the most broker!
Overall
Best Broker I ever deal with.
Fast Deposits and Withdrawals.
Low Spreads.
Excellent Customer Care.
