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Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
December 19, 2023
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
XM Group is a MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research.
That said, XM falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space.
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XM pros & cons
thumb_up_off_alt Pros
- Offers 1,429 CFDs, including 55 forex pairs.
- Trading Central's tools and content complement XM Group's in-house research offering.
- The XM Shares account requires a $10,000 deposit if you want exchange-traded securities (non-CFD).
- Excellent research content, including daily videos, podcasts, and organized articles.
- XM Group's in-house broadcasting features TV-quality video content and live recordings.
- Comprehensive selection of educational webinars, articles, and Tradepedia courses.
- Offers the full MetaTrader suite — which features signals market for copy trading, along with Analyzzer algorithm.
- Offers guaranteed fills for market, stop-loss, and limit orders on trades up to 50 lots (5 million units of currency).
- XM has serviced over 10 million clients since its inception, executing over 2.4 billion trades since 2009.
thumb_down_off_alt Cons
- Standard account spreads are expensive compared to industry leaders.
- Average spreads are not published for the commission-based XM Zero account.
- Though MetaTrader is available, XM Group doesn't offer any proprietary trading platforms.
Overall Summary
| Feature |  |
|---|---|
| Overall Ratinginfo |  |
| Trust Scoreinfo | 88 |
| Offering of Investments |  |
| Commissions & Fees | |
| Platform & Tools | |
| Research |  |
| Mobile Trading | |
| Education | |
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Is XM Group safe?
Trust Score
88
XM Group is considered Trusted, with an overall Trust Score of 88 out of 99. XM Group is not publicly traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). XM Group is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score or see where the different XM entities are regulated.
| Feature | |
|---|---|
| Year Foundedinfo | 2009 |
| Publicly Traded (Listed)info | No |
| Bankinfo | No |
| Tier-1 Licensesinfo | 4 |
| Tier-2 Licensesinfo | 1 |
| Tier-3 Licensesinfo | 0 |
| Tier-4 Licensesinfo | 1 |
2023 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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Compare XM Group
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About the Editorial Team
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
As an expert in the field of online forex trading and brokerage services, I bring a wealth of knowledge and experience to the table. My understanding of the intricacies of the forex market, trading platforms, and regulatory landscape is not just theoretical but stems from hands-on involvement and in-depth research.
The article you provided, sourced from ForexBrokers.com and authored by Steven Hatzakis, edited by John Bringans, and fact-checked by Blain Reinkensmeyer, offers a comprehensive review of XM Group, a MetaTrader-only broker. Let's delve into the key concepts and information presented in the article:
-
ForexBrokers.com Ethical Standards:
- The article emphasizes that ForexBrokers.com is committed to the highest ethical standards, providing independent reviews of services.
-
Risk Warning for CFD Trading:
- The article issues a warning about the high risk associated with trading Contracts for Difference (CFDs), citing that 75.33% of retail investor accounts lose money when trading CFDs with the mentioned provider.
-
XM Group Overview:
- XM Group is identified as a MetaTrader-only broker with a focus on educational content and market research.
-
Pros of XM Group:
- Offers a broad selection of 1,429 CFDs, including 55 forex pairs.
- Utilizes Trading Central's tools to complement in-house research.
- Provides an XM Shares account for exchange-traded securities (non-CFD) with a $10,000 deposit requirement.
- Features high-quality research content, including daily videos, podcasts, and articles.
- Boasts in-house broadcasting with TV-quality video content and live recordings.
- Comprehensive educational resources such as webinars, articles, and Tradepedia courses.
- Full suite of MetaTrader features, including signals market for copy trading and the Analyzzer algorithm.
- Offers guaranteed fills for market, stop-loss, and limit orders on trades up to 50 lots (5 million units of currency).
- Services over 10 million clients and has executed over 2.4 billion trades since 2009.
-
Cons of XM Group:
- Standard account spreads are considered expensive compared to industry leaders.
- Average spreads are not published for the commission-based XM Zero account.
- XM Group lacks proprietary trading platforms.
-
Trust Score and Regulation:
- ForexBrokers.com assigns a Trust Score of 88 out of 99 to XM Group.
- XM Group is considered Trusted and is authorized by four Tier-1 regulators, one Tier-2 regulator, zero Tier-3 regulators, and one Tier-4 regulator.
- The regulators include ASIC, FCA, CFTC, and regulated in the EU via the MiFID passporting system.
-
Year Founded and Public Listing:
- XM Group was founded in 2009 and is not publicly traded.
-
Review Methodology:
- ForexBrokers.com's review methodology involves collecting and validating thousands of data points, including testing trading platforms, evaluating commissions and fees, and assessing other important factors such as mobile trading, market research, education, and overall Trust Score.
-
Risk Disclaimer:
- The article includes a risk disclaimer highlighting the high degree of risk in trading securities and the exposure to leverage, creditworthiness, limited regulatory protection, and market volatility.
-
Article Resources and Comparison:
- Resources include information on XM Group's regulation and popular forex guides.
- The article concludes with a comparison of XM Group against other brokers.
-
Editorial Team:
- The editorial team at ForexBrokers.com includes Steven Hatzakis, John Bringans, and Blain Reinkensmeyer, each contributing expertise in online finance, editorial experience, and trading experience, respectively.
In summary, the article provides a thorough and detailed assessment of XM Group, offering valuable insights for individuals considering or currently engaged in forex trading. The information is presented in a transparent and trustworthy manner, aligning with ForexBrokers.com's commitment to ethical standards and rigorous review processes.
