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Independent rating of Forex broker XeMarkets

6/10 (votes 100)

On-line since
2009
Country of origin
Cyprus
Regulation
CySEC, BaFin, FСA, CNMV
Payment options
Visa cards, MasterCard cards , Maestro, UnionPay, Qiwi, WebMoney, Skrill, CashU, Neteller, bank transfers
Minimum account size
$5
Minimum lot size
0.01
Leverage
from 1:1 to 1:888
Spreads
from 1 pip on major currency pairs
XM (XeMarkets) is a brand mane of Trading Point Holdings Ltd, which is known as a provider of financial services, that offers an access to global financial markets. Over 100 of trading instruments are available for XM clients; they include currencies, stock indexes, precious metals, and energy commodities. The company also offers one of the lowest spreads on the forex market, thanks to real-time responsible pricing.
XM presents eight different trading platforms including MetaTrader and WebTrader. Besides, you may trade on the forex market via mobile platforms from around the world. The main advantage of the company is execution of 100% of orders and no requotes policy.
Another benefit, which sets XeMarkets apart from its competitors, is an attractive bonus program. A user may get unlimited amount of bonuses and credit bonuses for XM points, which are accrued for each traded lot. There are also seasonable bonuses and bonuses for inviting new participants.
The company’s activity is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Markets in Financial Instruments Directive (MiFID), the framework of European Union legislation, the Cyprus Investment Services and Activities and Regulated Markets Law,  the Netherlands Authority for the Financial Markets (AFM), the Federal Financial Supervisory Authority ( BaFin ), and the Finnish Financial Supervision Authority (FIN).
Please, pay your attention to feedback provided by traders, who had already benefited from XeMarkets services, to decide on a broker to cooperate with.

Comments

Author: PipsHunter Date: 2022-02-14 06:18:29 (UTC+3)
I don't want to continue my trading with XeMarkets. There were a lot of problems that occurred during my trading with them. First, they took 2 weeks for account validations, and I couldn't cancel it, and then after I tried to trade, I couldn't close the order on my desired positions because their trading platform was hang. I called their support service, but they didn't solve that problem immediately. I was waiting for 15 mins to start my trading, and when it was back online, I lost $480 from my trading account. I called their support back, and they blamed me and said that mistake was mine. The proof is clear: their platform hung and stuck, and I lost my money because of that, and they said it was because my internet connection was terrible. I don't know how they're run their company, they only blame their client, but the fact is that the quality of their services is terrible. So I decided to close my account at this broker. And I want to suggest traders stay away from this broker. They are not a reliable broker.
Author: Hunse Date: 2021-10-25 02:45:07 (UTC+3)
I was very disappointed with XeMarkets broker. First time when I joined, everything is fine even customer support is very friendly. But when I face a problem, they were very disappointing and not helpful. They seemed to lie with all promotion. I realize that many traders were disappointed by XeMarkets. I've seen reviews of other traders. Now I'm waiting for the process of withdrawal and I want to immediately move to another broker.
Author: Kaye Date: 2021-09-16 03:35:25 (UTC+3)
XeMarkets may have a low minimum initial deposit but the trading fees are too high. You will not survive if you will only invest a small amount because most of your funds will only go to the fees.
Author: Suraj Date: 2021-06-21 06:30:47 (UTC+3)
I joined XeMarkets 5 months ago. I'm so disappointed with the result I got. They don't provide a good platform, they delay executing my orders, the system is down too often, I always got slippage, and it's affecting my trading activities. My money was losing due to bad platform quality. The last time I trade at this broker, I lost $487 in a single trade. Joining this broker is only wasting money. I couldn't recover all my losses because of them. I decided to close my account at this broker, no more trade with them.
Author: Morgan Date: 2021-05-26 06:21:46 (UTC+3)
Please help me, I cannot withdraw my money from XeMarket anymore. I tried contacting their support team but I cannot get a hold of them. They kept rejecting my withdrawal requests without providing any reason.
Author: Osric Date: 2021-02-22 08:55:25 (UTC+3)
The total money I bet was $1500. A very large fund. And I've never had anything good happen when I was trading with them. This company suspend my account today after I tried to withdraw my earnings. Their analysis and forex news are misleading and also incorrect. They must introduce new services or more educational material for traders. Spreads are not fixed and trading platform is very unstable. Nevertheless, order execution with this broker is ridiculous, there are constant requotes, which are ruining my trading strategy and profits almost every time.
Author: Sidra Date: 2021-01-29 04:17:08 (UTC+3)
I appreciate XeMarkets in their efforts to be accommodating to small traders by requiring a very low initial deposit. However, their trading services are still not very inclusive. They have wide spreads and their technical tools are too complicated to use. If a beginner would use it, then they would only end up losing their money.
Author: Nanuliya Date: 2020-12-09 13:21:08 (UTC+3)
I have been trading with XeMarkets for four months already and I have to say they are outstanding broker. I never trade on micro economic news time; I use an end of day strategy. All of my trades are filled with a 2 pips spread. Their feed is superior and I have had only two disconnect until now. I am able to increase my deposits up to 250%. I also really like their payment method. Until now, I already withdraw four times through Skrill and all them I got my money within 3 hours. Therefore I give XeMarkets a 5 star.
Author: Kasyavan Date: 2020-10-23 03:16:12 (UTC+3)
XeMarkets is not a recommended broker. I started to trade with them, I felt disappointed because the system is so confusing. Software used frequently experiencing connection issues and trading pages filled with spam and other junk. The trading process takes a long time to be done and it's really hard trading with this broker. I lost my account with a deposit that I have deposited, and all of my profits are also canceled. Customer support ignored me. Stay away from this broker. They don't provide complete information about trading rules, and leave the user if an error occurs.
Author: Janvemar Date: 2020-10-06 03:45:50 (UTC+3)
XeMarkets has really low initial deposit requirement which makes it more attractive to new traders. However, this should not deceive you. Even when the initial deposit is low, once you open an account, the company will not stop pestering you into adding more and more funds. Also, their trading platform is not in the best condition and trading cost is high.

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