trading platform is ok but their support team is pathetic , had a withdrawal issue with them and they really don't care to give me the utr no for tracking ,instead asking multiple bank statements , wh... See more
Company replied
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trading platform is ok but their support team is pathetic , had a withdrawal issue with them and they really don't care to give me the utr no for tracking ,instead asking multiple bank statements , wh... See more
Company replied
Hey! My name is rehana Shafique I'm user of XM. My experience is not good but moderate. I'm facing withdrawal request issue. I don't understand why this is occur. XM ask about Bank statement. I provid... See more
Company replied
Within an approximate 10-minute window, multiple consecutive 1.00 Lot (100 Oz) Gold BUY orders were triggered and executed in rapid succession (e.g., Ticket #92457632, Order #97203091). Every single o... See more
Company replied
Everything was good until I was allegedly blacklisted because of arbitrage trading without providing evidence now am banned There rules are complicated and you can’t appeal Even withdrawals tak... See more
Company replied
Written by the company
Our values
Having clients from over 190 countries all over the world, we proudly consider ourselves to be amongst the best globally known brokers in the trading industry. Since our motto is BIG, FAIR, HUMAN, we believe that focusing on our clients is what differentiates us from the other competitors. Our clients always come first regardless of net capital worth, account type or size of investment. All our clients receive the same quality services, the same execution, and the same level of support. We were founded on these values, and that will not change.Customer Experience team
Our awarded Customer Experience team, established by well-trained, human-focused officers is available to assist our clients 24 hours a day.Easy and Convenient
Our systems are built and updated in such a way that we offer our clients the best available trading experience. Between the several platforms offered and the new all-in-one XM App, our customers can easily trade on the go whilst having the ability to manage their accounts at the same time.About us
XM Group is a trusted global broker with clients in almost every country of the world. The four entities of the Group are each regulated by established and well-known regulators and they all adhere to enhanced regulatory standards.Our wide range of CFD trading instruments offers to our clients the power to choose easily and efficiently between stocks, forex, precious metals and several other asset classes. Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy.
Please visit our official website to check the percentage of retail investor accounts losing money when trading CFDs with us. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.12, Richard and Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042, Limassol, Cyprus
Absolutely terrible and highly suspicious experience with XM. I received an automated email stating they were closing all my accounts due to a supposed violation of their "bonus Terms and Conditions." The most frustrating part? I never even used any bonus. Despite this, they decided to terminate my account and effectively hold my $1,067.98 hostage.
Here is the breakdown of this nightmare:
1. Unfair Account Closure: They closed my account citing bonus rules, even though I did not utilize any bonuses. Their decision is final and they refuse to listen to reason.
2. Deliberately Broken Withdrawal System: Their termination email instructed me to withdraw my remaining balance. However, every time I try to withdraw my $1,067.98 via Binance Pay, the system immediately crashes with the error: "There was a problem with your request. Please try again in a few minutes."
3. The "Deposit Test" Proves They Are Blocking Me: When I contacted support, they tried to blame the error on my browser, telling me to clear my cache. I cleared my cache, and the withdrawal still fails. However, out of curiosity, I tested the deposit function—and it works perfectly. This proves beyond a shadow of a doubt that this is not a technical glitch on my end. XM has deliberately disabled the withdrawal function on my account to prevent me from getting my money back, while keeping the deposit function active to trap new funds.
4. Incompetent and Scripted Support: The live chat agent was completely unhelpful. They refused to give me a case number, claiming "we do not follow the case number process" (which is absurd for a financial institution). They told me to "allow the relevant team to check the issue" but gave no timeline. They hide behind vague "procedures" while my funds remain inaccessible.
Conclusion:
It is incredibly unethical to terminate a client's account—especially when they haven't even used the bonus you're accusing them of violating—and then block them from accessing their own money while still allowing deposits. This is predatory behavior. The support team just copies and pastes generic responses and closes the chat without solving anything.
If you value your money, stay far away from XM.com. I am now forced to escalate this to financial ombudsmen and regulators because they are essentially stealing my $1,000+ by locking it behind a deliberately broken withdrawal system. Zero stars if I could.
XM REPLY
This response is exactly the kind of "copy and paste generic response" I mentioned in my original review. You already know exactly who I am and the status of my account. You sent me an automated email terminating my account and instructed me to withdraw my balance, which your system is now blocking.
You have my account details on file. However, since you claim you cannot find my account without it, here is the reference number you requested:
Meta Number: 391707839
Do not reply asking me to email support, as your live chat and support team have already refused to provide a case number or a timeline for resolution. I have provided the specific reference number above. Please escalate this to your compliance department immediately, restore access to my funds ($1,067.98), and process the withdrawal. Stop hiding behind "procedures" while holding my money hostage.
I will update this review once this is resolved. Until then, the warning to others stands.

Reply from XM
WE WILL GET YOU BLACKLISTED DONT GET TO COMFORTABLE
BIG.FAIR.HUMAN. XM IS DUMB

Reply from XM
I think the spread of this broker is quite high and they also hunt trader stoploss . I had a student whom I am training place a stop on their account which was a bit away from where price went to close the stop and immediately price dropped. Liquidity hunting. The same stoploss was placed on another broker but was not hit not hunted .

Reply from XM
Very disappointing experience with XM.
I had a withdrawal pending and contacted Support for assistance because there was an issue with face verification. I openly told XM that my husband’s face had mistakenly been used during the verification and asked how I could correct it.
Instead of allowing me to rectify the verification issue, my account was subsequently closed immediately. XM also rejected my withdrawal and stated that profits generated on the account would be deducted.
I understand the importance of KYC and identity verification, but I believe customers should be given a reasonable opportunity to correct a genuine verification mistake—especially when the customer has voluntarily disclosed it to Support.
I am posting this review to share my experience and to encourage potential customers to carefully understand XM’s verification and withdrawal procedures before depositing funds.
I hope XM will review my case and allow me to complete proper verification and withdraw any legitimate funds.

Reply from XM
Scammers, quick to take deposit, but when it comes to withdrawals, they keep rejecting. Lost all my money

Reply from XM
It's been 1 months,They refused to let me with my money and even though the method of deposit and withdrawal are the same just 200$ oo so imagine trading big capital, they lure people with bonus but you will stress to withdraw your money when you contact them they will not solve it for you they are scam 📍📍📍📍📍📍📍📍📍.I wish to post the screenshot here

Reply from XM
Truly a scam broker. They attract clients thanks to promotional bonus that allows you to open higher position, but out of nowhere they will send you email explaining that the bonus was revoked due to an allegations of arbitrage trading which is completely false. They would claim that your trading patterns violate their terms and conditions, but that's not the case especially if you haven't even placed any trade yet? I contacted their live support for evidence of their allegations, but they totally useless.Truly disappointing. Not recommended
XM is an absolute scam broker. They manipulate trades during news and close orders at ridiculous prices that the market never even reaches. Completely disgusting and untrustworthy. Stay far away from XM if you value your money.
Where can I add my account details?

Reply from XM
This broker doesnt consider its clients and the benefits of clients, how is it possible that when you make money they start to give you warnings to block your account but when you lose nothing is being taken into considerate ? This broker has fallen

Reply from XM
Damnn I usually I withdraw between $80 to $200 USD no problem. It always go through from few seconds to 15 mins. But earlier I withdrew $350.45 USD, XM told me in email, live chat and whatsapp that it has been processed. But it has been 5 hours but no funds goes inside my bank. I withdrew using Online Bank Transfer to a Singapore bank. Usually it is smooth, idk why this time it takes damn long.

Reply from XM
New design, finally, but with huge bugs, made especially against the clients!
1. Unable to add / delete orders or to move TP or SL when market is closed
2. They open the market 5 minute later than the official start and close it 15 minutes before, even if the price is still moving.
3. They spy you through 10 third-party cookies, including TikTok, whitout any legitimate reason
4. They run ofer 800 ads /day on the trading app, in background, to gain extra from you.
5. Price alerts can't be deleted ( bug )
6. Variable leverage depending on the asset, risking to over-trade and to receive a margin-call!
7. Extremely poor quality for customer support and lack of empathy: "stupid rules, but they are our rules!"

Reply from XM
Wasted time! XM wiped out all my profits! I had +$1,817 and all wiped and not paid! Account #317509944. I have all screenshots of my profits and then all wiped out

Reply from XM
I am currently having an issue with XM that is still being investigated, so I want to be fair and clear that I am not calling XM a scam at this stage.
During the service disruption on Friday, I opened four positions at approximately the same time. However, there was a huge difference in the profits generated. One position made around R2,000, while the other three made only approximately R10–R30 each.
I have screenshots and evidence documenting the trades and what happened from the time of the issue through to the end. I have submitted my case to XM, and their team is currently attending to and reviewing it.
I am posting this review to share my experience and will update it once XM has completed their investigation and provided a resolution. I hope the matter will be handled fairly and professionally.
I will update this review based on the final outcome of my case.

Reply from XM
I remember in 2023 my account leverage got reduced cause I milked them during CPI news, I came here dropped a review about the whole situation. My review actually got a lot of attention and they were forced to call me and asked me to pull the review from this platform promising they would reinstate the account to it’s normal trading conditions but till today nothing has been done about it. XM is very unprofessional, a scam of a broker and I wouldn’t recommend it to anyone honestly. 342358254 That’s my XM ID.

Reply from XM
I would give a zero rating of i could. I crate my first account with XM, I verify it, leave if for 2days, deposit 20usd, then trade on NFP a day later, after making profits now i want to withdraw, it doesn't go through for 24hrs. After 24hrs I receive an email suggesting that my account was connected to another account that had violated their terms and conditions, so they suspepended my account nullified the profits and left me with 18usd, doing a follow up to ask which other account is this that violated their terms because I'm not aware of it they say that that decision is final and they can't give more information. Please please please if you can avoid XM broker do it.
Even after replying still they didn't help.

Reply from XM
What a scam broker absolutely sh*t XM.
I used to trade on normally and on news day.
On one occasion, I had already set my stop loss and take profit. When my stop loss was triggered during the news, XM deducted 3–4 times more than the amount I had set. When I contacted support, they gave me technical excuses and simply said, “This is normal during news trading.”
How is that normal? If I set a fixed stop loss, why can the loss become 3–4 times larger? And why doesn’t the same thing happen with take profit? When TP is hit, the profit is credited according to the amount set. This raises serious questions about XM’s execution practices.
Another serious issue happened on Friday, and this is extremely concerning.
It was a normal trading day, and everyone knows that traders actively trade during major news events. Before the news was released, people had already placed their trades. Everything on XM was working normally, and other markets were moving normally as well.
But just 1–2 seconds before the news, the gold chart and gold trading on XM suddenly appeared to freeze. Bitcoin, stocks, and other markets continued moving normally, but somehow only gold was frozen.
If XM claims this was caused by a server overload because too many traders were placing orders at the same time, then the entire XM platform should have experienced the same issue. Bitcoin, stocks, and other instruments should also have stopped or lagged. But that did not happen. Only gold was affected.
This makes the situation extremely suspicious. It gives the impression that gold was deliberately stopped at the exact moment when the news was released. Many traders had already placed positions in the direction the market was moving, and the freezing of gold prevented normal market movement and order execution.
I have evidence of what happened, and I know other traders have experienced similar issues. This is no longer something that can simply be dismissed as a technical problem or “normal news volatility.”
If traders are repeatedly losing money because of these execution and platform issues. These practices are completely unacceptable, and XM needs to fix them instead of giving traders excuses.

Reply from XM
XM – I NEED AN URGENT REVIEW OF MY CASE
XM cancelled $6,550 of my profits (16 trades) and closed my accounts.
Name: Mohamed Chetouani
Accounts: 342325630 / 322241892
I am extremely disappointed with how this situation has been handled. I trusted XM as a reputable broker, but cancelling $6,550 of my profits without giving me a convincing explanation has made me feel like I have been treated unfairly.
I would be happy for my accounts to be reopened, but my priority is to recover my $6,550 because I genuinely need these funds.
Please urgently review my 16 trades, reconsider this decision and contact me with a fair solution. I expect better treatment from a company with XM’s reputation.

Reply from XM
After 10 days my issue completely resolved, try to improve customer support thank you

Reply from XM
I am Extremely disappointed with XM after what happened during the NFP release.
I had approximately $161 in my account and placed a sell-stop order before the news. Immediately after NFP was released, XM's platform/trading service became unavailable while the market was moving extremely fast. Around five minutes later, the platform became available again and my pending order was executed after the market had already moved dramatically.
This resulted in a significant loss that I believe was directly related to the delayed execution and the apparent trading interruption.
What concerns me even more is that I was watching a live NFP trading stream at the time, where numerous other traders were simultaneously reporting that XM had gone down. This makes it difficult to believe that this was simply an issue with my individual connection.
I have contacted XM and requested a formal investigation but theyre taking it as a joke and not taking any responsibility and refusing to admit manipulation of their trading platform, I would strongly recommend that anyone trading major news events or any or type of trading to fully avoid and report XM's blatant theivery and manipulation or if theyre going with XM they need to understand exactly how the broker handles their own losses by taking money from their clients through legel loopholes
I will update this review if XM provides a satisfactory explanation and resolves the matter. I would give them a -1 if I could

Reply from XM
Everything was good until I was allegedly blacklisted because of arbitrage trading without providing evidence now am banned
There rules are complicated and you can’t appeal
Even withdrawals take abit long to reflect to my account
@XM take time and re look through ur teams and conditions or otherwise 🙌🏾🙌🏾
Thank you

Reply from XM
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