XM Group
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XM Group

XM Group lures traders with low deposits and high leverage but hides costly spreads and withdrawal delays. With weak regulatory oversight and hidden fees, investors should approach with caution.

Quick summary on XM Group

XM Group markets itself as a trusted broker with millions of clients, but its lack of financial transparency and questionable regulatory oversight raise concerns. Despite being authorized by Tier-1 regulators like ASIC and MiFID, the firm is not publicly traded and does not operate a bank, leaving investors exposed to potential risks.

Regulatory Warnings Ignored: XM Group operates under multiple regulatory jurisdictions, which allows it to exploit loopholes and avoid strict oversight in certain regions. While it holds four Tier-1 licenses, the absence of a global regulatory presence means customer protection is inconsistent.

Hidden Costs and Risky Practices: The broker’s high leverage offerings pose a significant risk to retail traders, with over 75% of clients reportedly losing money. Additionally, its standard account spreads are costly, and XM’s failure to disclose the exact costs of its zero-commission accounts creates potential hidden fees that can erode profits.

Withdrawal Issues and Platform Limitations: While XM advertises fast, fee-free withdrawals, traders have reported delays of up to five days, particularly for bank wire and credit card transactions. Moreover, the broker relies solely on MetaTrader without offering proprietary trading tools, limiting functionality compared to competitors.

Impact on Investors: Traders may be drawn in by XM’s low $5 minimum deposit, only to quickly lose money due to high leverage risks. Meanwhile, more advanced traders face a restrictive $10,000 minimum deposit for share accounts, making the platform unsuitable for a broad range of users.

Recovery and Outlook: With growing concerns over transparency, fees, and platform limitations, retail traders should be cautious when dealing with XM Group. Alternative brokers with stronger regulatory frameworks, lower spreads, and better withdrawal policies may offer a safer and more transparent trading experience.

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use feedback and discussion on XM Group

1.9/5

Based on 39 ratings

Trust
22%
Risk
70%
Brand
22%
by: Amelia Cox

The lack of proprietary tools makes XM feel like a second-tier broker riding MetaTrader’s legacy. Combine that with limited transparency and high slippage reports, and it’s hard to trust the setup. It’s cookie-cutter at best crippling at worst.

Cons

  • If you’re a beginner, XM lures you in with low deposits and kills you with leverage.
by: Elijah Morgan

XM Group might parade its licenses, but regulation means little when the company stays privately held and opaque. The withdrawal delays and high leverage suggest a business model built more on volume than client success. Risk feels built-in not mitigated.

by: Knox Beck

XM Group’s so-called regulatory credibility is misleading. Just because they hold Tier-1 licenses doesn’t mean they’re transparent or trustworthy there’s zero public financial disclosure.

by: Iyla Drayton

XM Group wiped out my $120,000 investment with their hidden fees and unfair trading conditions. I feel completely deceived.

by: Khalid Bertrand

I trusted XM Group with my savings, and now my $80,000 is gone due to their manipulative spreads and high leverage traps.

by: Katherine Newton

I trusted XM Group with my savings, and now my $80,000 is gone due to their manipulative spreads and high leverage traps.

by: Kaitlyn Garner

XM Group wiped out my $120,000 investment with their hidden fees and unfair trading conditions. I feel completely deceived.

by: Justin Manning

I deposited $95,000 with XM Group, and now I can’t withdraw a single dollar. Every request is met with delays and excuses!

by: Charles Parker

They closed my trade for no reason and refused to refund my money

by: Caroline Turner

Spreads widen like crazy during news events, wiping out stop losses feels intentional

by: Cameron Brooks

I tried withdrawing $500 but they kept rejecting it, asking for additional verification each time

by: Caleb Adams

They manipulate tradeswhenever I place an order the price moves against me instantly

by: Brooke Watson

I’ve used multiple brokers but XM Group has the worst slippage I’ve ever seen even with normal market conditions my orders execute at prices far worse than what I clicked. It’s like they’re deliberately making me lose more money

by: Brandon Rivera

I was doing well for a few months, then out of nowhere, my leverage was reduced significantly without warning. It caused all my trades to get liquidated. When I asked support, they said it was a policy change But they...

by: Brianna Powell

I had a winning streak, and suddenly my account was flagged for suspicious activity They locked my funds and wouldn’t let me trade or withdraw. After weeks of emails they closed my account and refused to give my money back....

by: Benjamin White

They manipulate trades so badly that it feels rigged. I placed a buy order, and the price suddenly dropped the moment it executed I tried a sell order later, and suddenly the price spiked. It’s like they have access to...

by: Ava Peterson

Depositing money into XM Group is easy and instant, but try withdrawing, and it’s a complete nightmare. Every time I request a withdrawal, they come up with a new excus eadditional verification needed system maintenance or security concerns But if...

by: Austin Lewis

XM Group changed my leverage without warning and I lost my entire balance overnight.

by: Audrey King

I made a profit, and suddenly my account was under review for weeks what a joke

by: Ashley Wright

Customer service is useless they just copy paste responses and never solve the problem.

by: Anthony Martinez

I lost money not from trading, but because of their shady spreads and sudden slippage

by: Daniel Morgan

I followed all their verification steps, but my withdrawal still got declined for security reasons

by: Dylan Edwards

Their referral program is another scam. I referred a friend, and they never paid me the promised bonus support just ignored my emails They just want free advertising without paying traders

by: Chloe Scott

Their spreads are not real i compared the price charts with other brokers and XM Group always has different price movements especially when I’m about to profit. That’s clear market manipulation

by: Charlotte Nelson

XM Group offered me a welcome bonus, but when I tried withdrawing my profits, they said the bonus restricted my withdrawals. I checked the terms, and they were misleading. They give you money just to trap you

by: Anna Mitchell

They lure you in with bonuses, but when it’s time to withdraw, they block your account

by: Angela James

Deposits go through instantly but withdrawals take forever or don’t happen at all total scam

by: Christian Cooper

They say they are regulated but what good is regulation if they don’t actually follow fair practices They manipulate trades delay withdrawals, and freeze accounts without reason Regulation means nothing when they control everything

by: Blake Hall

Customer support is a joke. I contacted them about my withdrawal issue, and all they did was copy paste a generic response When I asked to escalate, they ignored my emails. It’s obvious they’re trained to delay and frustrate traders...

by: Christopher Bell

I requested a withdrawal and after days of waiting, they canceled it without reason Then they told me I had to deposit more money to ‘verify’ my account. That’s a classic scam tactic

by: Claire Sanders

Platform freezes conveniently when you're in profit but works fine when you're losing

by: Cole Perry

They gave me a bonus and then used it as an excuse to block my withdrawals

by: Connor Russell

XM Group manipulated my trades and blamed market conditions don’t trust them

by: William Anderson

I’ve traded with many brokers, but XM feels more like a casino rigged against the players.

by: Delilah Clark

I checked their company details, and it turns out their socalled license isn’t worth much. They’re not properly regulated in any major financial hub. That’s why they get away with scamming traders

by: David Brown

After reading so many bad reviews I wish I had never trusted XM Group Everything they do is designed to take money from traders and make it impossible to withdraw Please don’t make the same mistake I did

Pros

  • User friendly UI

Cons

  • No customer Support
  • difficult to withdraw money
by: Dominic Bryant

My trades kept getting stopped out at suspicious prices even when the market never hit those levels on other platforms. It’s clear they manipulate the market feed

by: Eleanor Torres

XM Group claims to have tight spreads, but during live trading, they widen like crazy I lost thousands due to their fake ‘market conditions No real broker does this

by: Jennifer Moore

The bonus system is a joke... just a trap to keep your money locked in.

Pros

  • Offers bonuses and promotions – but hidden terms make them nearly impossible to cash out.

Cons

  • Misleading bonus programs with hard-to-meet requirements.

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