XM Broker Testimonials
Identifying a good broker will not be complete without checking the testimonials. This is because experience speaks louder than words.
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Testimonials Category
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Deposit and Withdrawal (140)
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Order Execution (59)
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Spreads and Commissions (36)
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Customer Support (82)
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Regulation and security (35)
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Demo accounts (10)
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Slippages and requotes (11)
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Leverage (25)
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Trading cost (20)
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Bonuses and promotions (16)
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Trading Platforms (107)
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Trading Tools (7)
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Trading Contests (1)
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Trading Accounts (69)
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Trading Instruments (46)
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Broker Features (26)
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Partnership Program (4)
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Education (23)
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Automatic Trading (19)
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Hedging (2)
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Other (52)
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XM Broker: Pros and Cons That You Need to Know
I encourage traders of this broker to explore the entire platform. XM offers a lot of tools and features that can help a traders experience. Starting from the education on the platform which is great, the broker also offers several bonuses and intruiging trading account types. On top of that, there is copy trading here, and a couple of contests that confident traders can participate in to win some cash. It is not the main point of trading but it is an added perk.
Might not be the easiest to get used to but then, once you get a hang of the platform, there's much that you can do.
That is a full-fledged trading platform. Srsly, I can't even think of something missing here.
Over a thousand of trading instruments, nice leverage size and quite tasty bonuses.
When I entered trading with the XM, I had already had a solid sum of money, so I received their two-tier bonus that included 50% + 20% at once. It's an appealing thing to increase capital under operation this way.
Aug 31 2023
Awesome execution time
The best trader so far, offering a lot of seasonal promos and Bonus ;)
Best support I ever had from a broker.
XM's fees and spreads are low, but some products are still high. When trading EUR/USD, Europe CFDs, and S&P 500 CFDs, we can see spreads as low as 0, with the exception of the European 50 CFDs during peak trading, which is a spread of 2.6 points. However, the S&P 500 CFD only charges 0.7 pips during peak trading hours. Recommended? For me, if you trade some instruments there. And remember, you need to find good instrument that suitable for you.
I am always interested in the broker's bonuses and promotions program. Sometimes I can get really lucky by joining these programs. Now, I heard that Xm offers a loyalty program of some sort. I am interested in the details. I have traded with them for about 6 months but I wasn't an active trader in XM. Am I still eligible for the loyalty programs? I know I have to collect some kind of loyalty points but I want to know how do I upgrade my loyalty status and what benefits would I get for it.
I take back all my bad reviews about them. Kudos to customer service for helping me fixed the problems! Thank you so much for all your support. But, I do hope stuff like this won't happen again anytime in the future.
The story: I made a withdrawal and the money didn't show that it was from XM, so I thought they were scammers. This happened twice. Because the next day I did the exact same thing and the money still didn't show up. So, I contacted customer support. I was panicking at this point because that was a lot of money y'all. Thankfully, they were pretty quick in responding to my complaint. They told me to make another request and the next day my money has arrive!
It's very rare to find broker that offer demo account with large amount of virtual money. I wonder can XM's virtual money be reset?
For tips, this is a good broker if you had just started venturing. Customer service is really good and the platform is super easy to understand.
Nov 18 2021
This is one of the best brokers for beginners in my opinion and not just because of their heavy promotions across social media. There are several reasons why I think new traders should try XM:
1. Good spreads, great for those who have just started venturing.
2. Customer support is very good and understanding, you can ask anything and they will reply fast.
3. Platform is very easy to navigate.
4. Educational material has really good quality! Great for those who want to learn more.
Tips: I wouldn't suggest being involved in any of their bonuses, schemes, IB, and so forth. Just plain straight trading and you will be fine. Applies to all brokers.