Page Summary
XM Group is a MetaTrader-only broker with beginner-friendly services. It is a secure brokerage firm with top-tier licenses from the ASIC, IFSC, CySEC, and FCA. XM provides access to leading educational data and market research. It is a good fit for new investors looking forward to improving their trading knowledge.
This article discusses whether XM is a good choice for beginner traders.
CFD Brokers & Beginners
Most CFD online brokers don’t offer beginner-friendly services. XM is a leading CFD broker with excellent services for new investors. Its platforms have a straightforward design with a focus on user experience. We recommend XM for new traders if they want access to investor trading support. XM is a CFD broker with both beginner-friendly and advanced tools. Read our in-depth reviews to learn more about the asset portfolio available at XM.
Beginner-Friendly Services at XM
We review brokerage firms based on 105 criteria. Our results depend on many factors, including safety, ease of use, and learning tools.
XM offers the complete MetaTrader suite. These suites are highly customizable and user-friendly. XM provides access to a comprehensive research center with articles, trading signals, and charting. This broker has diverse educational content, which is why it’s a good fit for new investors.
XM has reliable customer support available by phone or live chat. Their support team has a fast response time, but there is no 24/7 availability.
Broker Comparison
| XM | FxPro | FXTM | |
|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 4.3 stars | 3.8 stars |
| Fees | Low | Average | Average |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars |
| Education score | 4.5 stars | 4.0 stars | 5.0 stars |
| Customer service score | 4.0 stars | 4.5 stars | 4.5 stars |
| Deposit and withdrawal score | 5.0 stars | 4.5 stars | 3.9 |
Safety
Safety is a core element of online trading. XM Group has top-tier licenses from the ASIC, IFSC, CySEC, and FCA. It provides access to secure trading platforms and authentication methods.
Final Verdict
XM is a trustworthy online broker recommended for beginner investors. It offers an excellent online trading experience with straightforward features. Read our in-depth reviews to learn more about XM and its services.
XM compared to other brokers:
XM review
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.