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Is XM good for beginners?

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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. 

XM FxPro FXTM
Web platform score2.8 stars2.8 stars2.8 stars
Mobile platform score3.8 stars4.3 stars3.8 stars
FeesLowAverageAverage
Account opening score5.0 stars5.0 stars5.0 stars
Education score4.5 stars4.0 stars5.0 stars
Customer service score4.0 stars4.5 stars4.5 stars
Deposit and withdrawal score5.0 stars4.5 stars3.9

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


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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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.

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