XM Group Welcomes New Clients with a Free $30 No-Deposit Trading Bonus
- Website: www.xm.com
- Office address:
- Level 13, 167 Macquarie House, Macquarie Street,
- Sydney 2000, NSW, Australia
- Second office address:
- Citypoint Building 1 Ropemaker Street, EC2Y 9HT London, UK
When it comes to choosing a Forex broker, something that attracts many new customers is the promise of something for nothing. Those of you reading this XM Group Forex broker review will be pleased to learn that at the time of writing, XM Group is offering all new customers a $30 No-Deposit Trading Bonus. And that’s not all. They’re promising the opportunity to trade Forex, stock indices, oil, and gold, using the popular MT4 trading platform, leverage of up to 1:30, and an additional XM Group bonus of $5,000. So let’s fill you in on who this brand name is, and whether they are worthy of your time. Trading bonuses are not eligible for clients registered under Trading Point of Financial Instruments Ltd and Trading Point of Financial Instruments UK Ltd.
The background and history of XM Group Forex broker
XM Group is a group of online regulated brokers. Trading Point of Financial Instruments Ltd was established in 2009 with headquarters in Limassol, Cyprus and is regulated by CySEC with license number 120/10. Trading Point of Financial Instruments Pty Ltd was established in 2015 with headquarters Sydney, Australia and is regulated by ASIC with license number 443670. Trading Point of Financial Instruments UK Ltd was established in 2016 with headquarters London, the United Kingdom and is regulated by the FCA with license number 705428.
What XM Group is offering to new and regular customers
XM Group has plenty to offer both new and regular clients, and you get a feel for their professionalism and high standards when you first take a look at their website. Slick, informative, and not afraid to give all the details, it certainly caught the attention of those of us researching for this XM review.
XM Group offers something pretty unique, and that is the 1:30 leverage. But don’t forget that leverage can work both ways, as in Forex trading there are opportunities to both win and lose big. There are a number of other attractive qualities such as no re-quotes, no rejections of trading orders, a range of assets for trading such as Forex, Stocks CFDs, Commodities CFDs, Precious Metals CFDs, Equity Indices CFDs, Energies CFDs and Cryptocurrencies* CFDs. XM Group has more than 1000 financial instruments which can be traded on the MT4/MT5 platforms and this includes Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs and Cryptocurrencies* CFDs.
*Availability is subject to regulations
A wide range of trading platforms for both demo and real accounts
XM Group Forex broker offers a wide array of trading platforms for those who open demo and real accounts, but the most popular is by far MT4. MetaTrader 4 supports an unlimited number of real and demo accounts, as well as Expert Advisors. The available trading platforms support market, limit, stop, and trailing orders, all accessible from 1 account. Which means that trading operations are swift and flexible. Whatever time, and wherever you might be, XM Group is open for business.
Trading platforms available include:
- MT4/MT5 for iPhone
- MT4/MT5 for Android
- MT4/MT5 for iPad
- MT4/MT5 for tablet
Account types available
XM Group offers its clients 4 types of account: MICRO, STANDARD, ZERO and ULTRA LOW with low spreads and a level of maximum leverage that can reach the 1:30. The MICRO account allows you to operate with micro lots, lower level of risk and it has minimum initial deposit of $5. The STANDARD account allows you to operate with standard lots and it has minimum initial deposit of $5. The XM ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has minimum initial deposit of $100. XM ZERO account has a $3.5 commission per $100,000 traded. Finally, the XM ULTRA LOW account allows you to trade with either micro or standard lots, lower spreads starting from 0.6 pips and it has minimum initial deposit of $50.”. Please include the following note for the XM Ultra Low account: “XM Ultra Low account is not applicable to all entities of the group. Account availability depends on the clients’ country of residence.
The chance to benefit from an exciting XM Group bonus*
XM Group Forex broker has gained quite a reputation for a number of reasons and one of them is their very generous set of bonuses. First, there is a $30 no deposit bonus which is available to all new clients, and their site says all profits earned can be withdrawn, and there are no hidden terms. There is also the two-tier deposit bonus scheme: 50% deposit bonus up to $500 and 20% deposit bonus up to the amount of $4,500. We should also mention the XM Group loyalty program, with its own set of rewards and incentives, as well as free VPS services, and 0% fees on deposits and withdrawals.
Multilingual customer service 24/5
An important factor to consider when writing any Forex broker review is the quality of customer service and support. XM Group offers multilingual personal account managers at the disposal of both real and demo account holders. Contact can be made by telephone, email, or live chat. 24 hours a day, 5 days a week.
Beginners will be pleased to learn there is a whole library of educational material, including weekly interactive webinars, free video tutorials, as well as Forex news and market analysis.
There is a lot to be said about the high standard of security for payment methods, as well as negative balance protection, no re-quotes, no hidden fees or commissions policy. XM Group accepts the most commonly used methods such as Credit/Debit card, Neteller, Skrill, Bank Wire Transfer, etc.
All in all, XM Group is a very transparent brokerage firm that serves its customers with professionalism and integrity. There are heaps of favorable reviews to read if you want to learn more about them from their customers.
Is XM a regulated broker?
Yes, our review of XM found that clients are protected by many regulators. This broker holds licenses from the CySEC to operate in the European Economic Area, the FCA to operate in the United Kingdom, and ASIC for operations in Australia.
What account types does XM offer?
There are four different XM live account types available, MIRCO, STANDARD, ZERO, and ULTRA LOW. MICRO accounts offer low-risk micro trader lots from a $5 deposit. STANDARD offers standard lots from $5 deposits. XM ZERO opts for commissions over spreads and starts from $100 deposits. XM ULTRA starts at $100,000.
Does XM offer a bonus?
Yes, there are XM account types that are eligible for bonuses depending on what region you are registering from. New clients in certain countries will receive a $30 no-deposit trading bonus. Terms and conditions apply.
What is XM’s minimum deposit?
The minimum deposit at XM depends on which account type you wish to open. Both the MIRCO and STANDARD accounts are available from a $5 deposit. ZERO accounts are available from $100, while XM ULTRA starts from $100,000 deposits.
Is XM secure?
Yes, XM account types are extremely secure. This reputable broker holds licenses from many regulatory bodies including CySEC, FCA, and ASIC. This broker also utilizes both personal data and transmission protect as well as fund segregation depending and other forms of financial insurance.